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
DateValue
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