Ballard Power Systems (BLDP) Receivables (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Receivables of $27.6 million for Q4 2025, down 24.56% year-over-year from $36.6 million in Q4 2024, and down 14.78% quarter-over-quarter from $32.4 million in Q3 2025.
Ballard Power Systems (BLDP) Receivables (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Receivables for 17 consecutive years, with $27.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Receivables fell 24.56% year-over-year to $27.6 million; the TTM figure through Dec 2025 stood at $27.6 million (down 24.56% YoY), while the FY2025 annual figure was $27.6 million, down 24.56% from the prior year.
- Receivables fell to $27.6 million in Q4 2025 per BLDP's latest filing, from $32.4 million in the prior quarter.
- Across five years, Receivables topped out at $72.3 million in Q4 2023 and bottomed at $23.4 million in Q2 2025.
- Historically, Receivables has averaged $43.8 million across 5 years, with a median of $43.3 million in 2021.
- Annual changes were most pronounced in 2021 — Receivables climbed 29.27% — and 2024, when it plunged 49.3%.
- Ballard Power Systems' Receivables stood at $57.2 million in 2021, then grew by 8.44% to $62.0 million in 2022, then increased by 16.52% to $72.3 million in 2023, then slumped by 49.3% to $36.6 million in 2024, then slipped by 24.56% to $27.6 million in 2025.
- Business Quant data shows BLDP's Receivables at $27.6 million in Q4 2025, $32.4 million in Q3 2025, and $23.4 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.90 Bn | 96.79 Bn | 1.23 Bn | 3.75 Bn |
| 2 | Bloom Energy | 57.34 Bn | 54.67 Bn | 355.57 Mn | 823.59 Mn |
| 3 | nVent Electric | 25.08 Bn | 24.82 Bn | 558.00 Mn | 969.30 Mn |
| 4 | Hubbell | 24.89 Bn | 24.49 Bn | 613.00 Mn | 1.22 Bn |
| 5 | Advanced Energy Industries | 11.15 Bn | 9.73 Bn | 236.10 Mn | 403.60 Mn |
| 6 | Acuity Inc. (De) | 10.33 Bn | 9.92 Bn | 606.40 Mn | 610.90 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 478.41 Mn |
| 8 | EnerSys | 6.91 Bn | 6.38 Bn | 313.36 Mn | 554.31 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 158.52 Mn |
| 10 | Ballard Power Systems | 722.06 Mn | 216.91 Mn | 4.08 Mn | 20.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.44 Mn |
| Dec 31, 2025 | 27.64 Mn |
| Sep 30, 2025 | 32.43 Mn |
| Jun 30, 2025 | 23.42 Mn |
| Mar 31, 2025 | 28.12 Mn |
| Dec 31, 2024 | 36.64 Mn |
| Sep 30, 2024 | 30.71 Mn |
| Jun 30, 2024 | 39.33 Mn |
| Mar 31, 2024 | 41.53 Mn |
| Dec 31, 2023 | 72.26 Mn |
| Sep 30, 2023 | 44.66 Mn |
| Jun 30, 2023 | 38.61 Mn |
| Mar 31, 2023 | 43.31 Mn |
| Dec 31, 2022 | 62.02 Mn |
| Sep 30, 2022 | 49.54 Mn |
| Jun 30, 2022 | 49.21 Mn |
| Mar 31, 2022 | 47.16 Mn |
| Dec 31, 2021 | 57.19 Mn |
| Sep 30, 2021 | 43.30 Mn |
| Jun 30, 2021 | 55.87 Mn |