Ballard Power Systems (BLDP) Net Income (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly Net Income came in at -$20.3 million in Q2 2026, up 16.49% year-over-year from -$17.4 million in Q2 2025, and down 77.98% quarter-over-quarter from -$11.4 million in Q1 2026.
Analysis
Ballard Power Systems (BLDP) Net Income (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Net Income for 18 consecutive years, with -$20.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Income rose 16.49% year-over-year to -$20.3 million in Q2 2026; TTM through Jun 2026 was $13.6 million, a 50.26% decrease from a year earlier, with the FY2025 full-year figure at $0.3, down 72.22% from the prior year.
- Net Income was -$20.3 million for Q2 2026 at Ballard Power Systems, down from -$11.4 million in the prior quarter.
- Over five years, Net Income peaked at $277.8 million in Q4 2024 and troughed at -$205.0 million in Q3 2024.
- A 5-year average of -$11.2 million and a median of -$30.5 million in 2022 frame the typical range for Net Income.
- Across the five-year window, Net Income soared 509.96% in 2023 and tumbled 228.27% in 2024, its largest moves.
- Over 5 years, Net Income stood at -$30.8 million in 2022, then soared by 509.96% to $126.5 million in 2023, then jumped by 119.64% to $277.8 million in 2024, then plunged by 73.58% to $73.4 million in 2025, then slumped by 127.63% to -$20.3 million in 2026.
- The last three Net Income figures came in at -$20.3 million (Q2 2026), -$11.4 million (Q1 2026), and $73.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 198.83 Mn |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | -45.28 Mn |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | -20.28 Mn |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | -1.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -20.28 Mn |
| Mar 31, 2026 | -11.39 Mn |
| Dec 31, 2025 | 73.39 Mn |
| Sep 30, 2025 | -28.07 Mn |
| Jun 30, 2025 | -24.28 Mn |
| Mar 31, 2025 | -21.04 Mn |
| Dec 31, 2024 | 277.77 Mn |
| Sep 30, 2024 | -205.02 Mn |
| Jun 30, 2024 | -31.46 Mn |
| Mar 31, 2024 | -41.29 Mn |
| Dec 31, 2023 | 126.47 Mn |
| Sep 30, 2023 | -62.45 Mn |
| Jun 30, 2023 | -30.10 Mn |
| Mar 31, 2023 | -33.92 Mn |
| Dec 31, 2022 | -30.85 Mn |
| Sep 30, 2022 | -42.88 Mn |
| Jun 30, 2022 | -55.79 Mn |
| Mar 31, 2022 | -40.40 Mn |
| Dec 31, 2021 | -43.83 Mn |
| Sep 30, 2021 | -30.85 Mn |