Ballard Power Systems (BLDP) Receivables - Net (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Receivables - Net came in at $24.2 million in Q4 2025, down 24.33% year-on-year from $32.0 million in Q4 2024, and down 25.38% on a QoQ basis from $32.4 million in Q3 2025.

Ballard Power Systems (BLDP) Receivables - Net (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Receivables - Net data on file, last reported at $24.2 million in Q4 2025.

  • On a quarterly basis, Receivables - Net fell 24.33% year-over-year to $24.2 million in Q4 2025; TTM through Dec 2025 was $24.2 million, a 24.33% decrease from a year earlier, with the FY2025 full-year figure at $24.2 million, down 24.33% from the prior year.
  • Receivables - Net for Q4 2025 stood at $24.2 million, down from $32.4 million in the prior quarter.
  • Over the last five years, Receivables - Net for BLDP reached as high as $58.6 million in Q4 2023 and fell as low as $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.
  • Across the five-year window, Receivables - Net gained 29.27% in 2021 and sank 45.39% in 2024, its largest moves.
  • Year by year, Receivables - Net stood at $46.4 million in 2021, then gained by 4.96% to $48.7 million in 2022, then climbed by 20.27% to $58.6 million in 2023, then sank by 45.39% to $32.0 million in 2024, then declined by 24.33% to $24.2 million in 2025.
  • Per Business Quant data, the three most recent Receivables - Net figures were $24.2 million in Q4 2025, $32.4 million in Q3 2025, and $23.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn

Historic Data

Download Data
DateValue
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
Sep 30, 2023 44.66 Mn
Sep 30, 2023 44.66 Mn