Ballard Power Systems (BLDP) Receivables - Net (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Receivables - Net of $24.2 million for Q4 2025, down 24.33% year-over-year from $32.0 million in Q4 2024, and down 25.38% quarter-over-quarter from $32.4 million in Q3 2025.
Ballard Power Systems (BLDP) Receivables - Net (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Receivables - Net for 17 consecutive years, with $24.2 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Receivables - Net fell 24.33% year-over-year to $24.2 million; the TTM figure through Dec 2025 stood at $24.2 million (down 24.33% YoY), while the FY2025 annual figure was $24.2 million, down 24.33% from the prior year.
- Receivables - Net fell to $24.2 million in Q4 2025 per BLDP's latest filing, from $32.4 million in the prior quarter.
- Across five years, Receivables - Net topped out at $58.6 million in Q4 2023 and bottomed at $23.4 million in Q2 2025.
- Historically, Receivables - Net has averaged $41.5 million across 5 years, with a median of $43.3 million in 2021.
- Annual changes were most pronounced in 2021 — Receivables - Net climbed 29.27% — and 2024, when it tumbled 45.39%.
- Ballard Power Systems' Receivables - Net stood at $46.4 million in 2021, then increased by 4.96% to $48.7 million in 2022, then gained by 20.27% to $58.6 million in 2023, then sank by 45.39% to $32.0 million in 2024, then slipped by 24.33% to $24.2 million in 2025.
- Business Quant data shows BLDP's Receivables - Net at $24.2 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) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.44 Mn |
| Jun 30, 2026 | 20.44 Mn |
| Dec 31, 2025 | 24.20 Mn |
| Dec 31, 2025 | 24.20 Mn |
| Sep 30, 2025 | 32.43 Mn |
| Sep 30, 2025 | 32.43 Mn |
| Jun 30, 2025 | 23.42 Mn |
| Jun 30, 2025 | 23.42 Mn |
| Mar 31, 2025 | 28.12 Mn |
| Mar 31, 2025 | 28.12 Mn |
| Dec 31, 2024 | 31.98 Mn |
| Dec 31, 2024 | 31.98 Mn |
| Sep 30, 2024 | 30.71 Mn |
| Sep 30, 2024 | 30.71 Mn |
| Jun 30, 2024 | 39.33 Mn |
| Jun 30, 2024 | 39.33 Mn |
| Mar 31, 2024 | 41.53 Mn |
| Mar 31, 2024 | 41.53 Mn |
| Dec 31, 2023 | 58.57 Mn |
| Dec 31, 2023 | 58.57 Mn |