Ballard Power Systems (BLDP) Operating Income (2009 - 2025)
Ballard Power Systems' (BLDP) quarterly Operating Income came in at -$11.3 million in Q4 2025, up 69.05% year-on-year from -$6.7 million in Q4 2024, and up 62.38% on a QoQ basis from -$29.9 million in Q3 2025.
Ballard Power Systems (BLDP) Operating Income (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of Operating Income data on file, last reported at -$11.3 million in Q4 2025.
- On a quarterly basis, Operating Income rose 69.05% year-over-year to -$11.3 million in Q4 2025; TTM through Dec 2025 was -$103.5 million, a 43.56% increase from a year earlier, with the FY2025 full-year figure at -$103.5 million, up 43.56% from the prior year.
- Operating Income for Q4 2025 stood at -$11.3 million, up from -$29.9 million in the prior quarter.
- Over the last five years, Operating Income for BLDP reached as high as -$11.3 million in Q4 2025 and fell as low as -$63.1 million in Q3 2024.
- Historically, Operating Income has averaged -$34.2 million across 5 years, with a median of -$34.8 million in 2024.
- Across the five-year window, Operating Income plunged 217.45% in 2021 and surged 69.05% in 2025, its largest moves.
- Year by year, Operating Income stood at -$27.5 million in 2021, then dropped by 6.71% to -$29.4 million in 2022, then plunged by 53.61% to -$45.1 million in 2023, then grew by 19.38% to -$36.4 million in 2024, then jumped by 69.05% to -$11.3 million in 2025.
- Per Business Quant data, the three most recent Operating Income figures were -$11.3 million in Q4 2025, -$29.9 million in Q3 2025, and -$33.2 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 2.18 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 440.10 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 72.19 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 263.80 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 195.70 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 68.30 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 193.30 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 57.58 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 123.70 Mn |
| 10 | Ballard Power Systems | 895.53 Mn | 364.27 Mn | 5.64 Mn | -11.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -11.26 Mn |
| Sep 30, 2025 | -29.94 Mn |
| Jun 30, 2025 | -33.20 Mn |
| Mar 31, 2025 | -29.06 Mn |
| Dec 31, 2024 | -36.39 Mn |
| Sep 30, 2024 | -63.08 Mn |
| Jun 30, 2024 | -41.35 Mn |
| Mar 31, 2024 | -42.48 Mn |
| Dec 31, 2023 | -45.14 Mn |
| Sep 30, 2023 | -37.56 Mn |
| Jun 30, 2023 | -38.76 Mn |
| Mar 31, 2023 | -41.45 Mn |
| Dec 31, 2022 | -29.39 Mn |
| Sep 30, 2022 | -44.76 Mn |
| Jun 30, 2022 | -40.66 Mn |
| Mar 31, 2022 | -30.52 Mn |
| Dec 31, 2021 | -27.54 Mn |
| Sep 30, 2021 | -24.61 Mn |
| Jun 30, 2021 | -20.61 Mn |
| Mar 31, 2021 | -15.34 Mn |