Ballard Power Systems BLDP
NASDAQ BLDP
$2.40 +0.03 (+1.27%)
At close: Aug 21, 2026 · 4:00 PM EDT

Ballard Power Systems (BLDP) Profit After Tax (2009 - 2026)

Ballard Power Systems (BLDP) posted quarterly Profit After Tax of $17.5 million for Q4 2025, down 62.37% year-over-year from $46.5 million in Q4 2024, and up 162.34% quarter-over-quarter from -$28.1 million in Q3 2025.

Ballard Power Systems (BLDP) Profit After Tax (2009 - 2026) Analysis & Trends

Ballard Power Systems (BLDP) has reported Profit After Tax for 17 consecutive years, with $17.5 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Profit After Tax fell 62.37% year-over-year to $17.5 million; the TTM figure through Dec 2025 stood at -$55.9 million (up 75.84% YoY), while the FY2025 annual figure was $232.6 million, down 28.1% from the prior year.
  • Profit After Tax improved to $17.5 million in Q4 2025 per BLDP's latest filing, from -$28.1 million in the prior quarter.
  • Across five years, Profit After Tax topped out at $323.5 million in Q4 2023 and bottomed at -$205.0 million in Q3 2024.
  • Historically, Profit After Tax has averaged $1.0 million across 5 years, with a median of -$21.5 million in 2021.
  • Annual changes were most pronounced in 2021 — Profit After Tax plunged 304.79% — and 2023, when it jumped 1039.76%.
  • Ballard Power Systems' Profit After Tax stood at -$43.8 million in 2021, then climbed by 21.46% to -$34.4 million in 2022, then surged by 1039.76% to $323.5 million in 2023, then slumped by 85.63% to $46.5 million in 2024, then plunged by 62.37% to $17.5 million in 2025.
  • Business Quant data shows BLDP's Profit After Tax at $17.5 million in Q4 2025, -$28.1 million in Q3 2025, and -$24.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 Vertiv Holdings 100.83 Bn 97.72 Bn 1.23 Bn 497.80 Mn
2 Bloom Energy 57.56 Bn 54.89 Bn 355.57 Mn 198.86 Mn
3 Hubbell 24.89 Bn 24.50 Bn 613.00 Mn 242.20 Mn
4 nVent Electric 24.60 Bn 24.35 Bn 558.00 Mn 216.10 Mn
5 Advanced Energy Industries 11.11 Bn 9.69 Bn 236.10 Mn 54.50 Mn
6 Acuity Inc. (De) 10.38 Bn 9.97 Bn 606.40 Mn 141.00 Mn
7 Powell Industries 7.20 Bn 6.57 Bn 95.30 Mn 52.16 Mn
8 EnerSys 6.92 Bn 6.39 Bn 313.36 Mn 116.45 Mn
9 Plug Power 3.17 Bn 2.85 Bn -1.68 Mn -190.10 Mn
10 Ballard Power Systems 725.08 Mn 219.93 Mn 4.08 Mn -20.28 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -20.28 Mn
Dec 31, 2025 17.50 Mn
Sep 30, 2025 -28.07 Mn
Jun 30, 2025 -24.28 Mn
Mar 31, 2025 -21.04 Mn
Dec 31, 2024 46.50 Mn
Sep 30, 2024 -205.02 Mn
Jun 30, 2024 -31.46 Mn
Mar 31, 2024 -41.29 Mn
Dec 31, 2023 323.53 Mn
Sep 30, 2023 -62.45 Mn
Jun 30, 2023 28.21 Mn
Mar 31, 2023 -33.92 Mn
Dec 31, 2022 -34.43 Mn
Sep 30, 2022 42.88 Mn
Jun 30, 2022 55.79 Mn
Mar 31, 2022 40.40 Mn
Dec 31, 2021 -43.84 Mn
Sep 30, 2021 30.84 Mn
Jun 30, 2021 -21.91 Mn