Ballard Power Systems (BLDP) Receivables (2009 - 2025)
Ballard Power Systems (BLDP) reported Receivables of $27.6 million for Q4 2025, down 24.56% year-over-year from $36.6 million in Q4 2024, and down 24.56% quarter-over-quarter from $36.6 million in Q4 2024.
Ballard Power Systems (BLDP) Receivables (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 16 years of Receivables data on file, last reported at $27.6 million in Q4 2025.
- Receivables for Q4 2025 came in at $27.6 million, down 24.56% year-over-year; the trailing twelve-month figure through Dec 2025 was $27.6 million (down 24.56% YoY), and the FY2025 annual result was $27.6 million, down 24.56% from the prior year.
- Receivables slipped to $27.6 million in Q4 2025 per BLDP's latest filing, from $36.6 million in the prior quarter.
- Over five years, Receivables peaked at $72.3 million in Q4 2023 and troughed at $27.6 million in Q4 2025.
- A 5-year average of $50.3 million and a median of $53.0 million in 2021 frame the typical range for Receivables.
- The sharpest annual moves came in 2022 and 2024: Receivables rose 17.05% in 2022, then plunged 49.3% in 2024.
- A 5-year view of Receivables shows it stood at $53.0 million in 2021, then climbed by 17.05% to $62.0 million in 2022, then grew by 16.52% to $72.3 million in 2023, then sank by 49.3% to $36.6 million in 2024, then decreased by 24.56% to $27.6 million in 2025.
- Business Quant data shows BLDP's Receivables at $27.6 million in Q4 2025, $36.6 million in Q4 2024, and $72.3 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | 29.79 Mn |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 3.15 Bn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 665.28 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 1.02 Bn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 1.03 Bn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 376.70 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 27.64 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 351.61 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 579.00 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 608.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 27.64 Mn |
| Dec 31, 2024 | 36.64 Mn |
| Dec 31, 2023 | 72.26 Mn |
| Dec 31, 2022 | 62.02 Mn |
| Dec 31, 2021 | 52.98 Mn |
| Dec 31, 2020 | 62.06 Mn |
| Dec 31, 2019 | 59.37 Mn |
| Dec 31, 2018 | 46.23 Mn |
| Dec 31, 2017 | 3.05 Mn |
| Dec 31, 2016 | 18.82 Mn |
| Sep 30, 2016 | 320,000.00 |
| Sep 30, 2015 | 860,000.00 |
| Sep 30, 2014 | -801,761.00 |
| Sep 30, 2013 | 185,204.00 |
| Jun 30, 2013 | 71,000.00 |
| Sep 30, 2012 | 54,089.00 |
| Dec 31, 2010 | 11.61 Mn |
| Sep 30, 2010 | 12.99 Mn |
| Jun 30, 2010 | -1.76 Mn |
| Dec 31, 2009 | 12.90 Mn |