Ballard Power Systems (BLDP) Profit After Tax (2009 - 2025)

Ballard Power Systems (BLDP) reported 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 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Profit After Tax data on file, last reported at $17.5 million in Q4 2025.

  • Profit After Tax for Q4 2025 came in at $17.5 million, down 62.37% year-over-year; the trailing twelve-month figure through Dec 2025 was -$55.9 million (up 75.84% YoY), and the FY2025 annual result was $90.9 million, down 71.9% from the prior year.
  • Profit After Tax grew to $17.5 million in Q4 2025 per BLDP's latest filing, from -$28.1 million in the prior quarter.
  • Over five years, Profit After Tax peaked at $323.5 million in Q4 2023 and troughed at -$205.0 million in Q3 2024.
  • A 5-year average of $3.9 million and a median of -$19.3 million in 2021 frame the typical range for Profit After Tax.
  • On a YoY basis, Profit After Tax climbed as much as 839.76% in 2023 and fell as far as 245.64% in 2023.
  • A 5-year view of Profit After Tax shows it stood at $43.8 million in 2021, then retreated by 21.46% to $34.4 million in 2022, then soared by 839.76% to $323.5 million in 2023, then sank by 85.63% to $46.5 million in 2024, then tumbled 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 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 390.10 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 73.69 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 140.40 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 181.80 Mn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 66.80 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 17.50 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 45.89 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 96.80 Mn
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 77.30 Mn

Historic Data

Download Data
DateValue
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 -30.85 Mn
Jun 30, 2021 21.90 Mn
Mar 31, 2021 -17.64 Mn