Ballard Power Systems (BLDP) Payables (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Payables came in at $28.8 million in Q4 2025, down 19.22% year-on-year from $35.6 million in Q4 2024, and down 12.65% on a QoQ basis from $33.0 million in Q3 2025.

Ballard Power Systems (BLDP) Payables (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Payables data on file, last reported at $28.8 million in Q4 2025.

  • On a quarterly basis, Payables fell 19.22% year-over-year to $28.8 million in Q4 2025; TTM through Dec 2025 was $28.8 million, a 19.22% decrease from a year earlier, with the FY2025 full-year figure at $28.8 million, down 19.22% from the prior year.
  • Payables for Q4 2025 stood at $28.8 million, down from $33.0 million in the prior quarter.
  • Over the last five years, Payables for BLDP reached as high as $40.9 million in Q3 2023 and fell as low as $28.8 million in Q4 2025.
  • Historically, Payables has averaged $36.5 million across 5 years, with a median of $37.3 million in 2023.
  • Across the five-year window, Payables soared 58.68% in 2021 and retreated 19.22% in 2025, its largest moves.
  • Year by year, Payables stood at $39.6 million in 2021, then climbed by 1.97% to $40.3 million in 2022, then dropped by 1.58% to $39.7 million in 2023, then decreased by 10.23% to $35.6 million in 2024, then dropped by 19.22% to $28.8 million in 2025.
  • Per Business Quant data, the three most recent Payables figures were $28.8 million in Q4 2025, $33.0 million in Q3 2025, and $33.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 8.12 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 1.95 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 241.65 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 605.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 422.00 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 272.10 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 363.90 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 75.14 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 383.39 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 28.79 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 28.79 Mn
Sep 30, 2025 32.96 Mn
Jun 30, 2025 33.49 Mn
Mar 31, 2025 36.47 Mn
Dec 31, 2024 35.64 Mn
Sep 30, 2024 39.71 Mn
Jun 30, 2024 38.33 Mn
Mar 31, 2024 38.07 Mn
Dec 31, 2023 39.70 Mn
Sep 30, 2023 40.92 Mn
Jun 30, 2023 37.51 Mn
Mar 31, 2023 37.02 Mn
Dec 31, 2022 40.33 Mn
Sep 30, 2022 40.24 Mn
Jun 30, 2022 35.34 Mn
Mar 31, 2022 34.53 Mn
Dec 31, 2021 39.56 Mn
Sep 30, 2021 38.27 Mn
Jun 30, 2021 32.70 Mn
Mar 31, 2021 30.19 Mn