Ballard Power Systems (BLDP) Retained Earnings (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Retained Earnings of -$2.2 billion for Q4 2025, down 4.41% year-over-year from -$2.3 billion in Q4 2024, and down 0.82% quarter-over-quarter from -$2.1 billion in Q3 2025.
Ballard Power Systems (BLDP) Retained Earnings (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Retained Earnings for 17 consecutive years, with -$2.2 billion the latest figure, recorded in Q4 2025.
- In Q4 2025, Retained Earnings fell 4.41% year-over-year to -$2.2 billion; the TTM figure through Dec 2025 stood at -$2.2 billion (down 4.41% YoY), while the FY2025 annual figure was -$2.2 billion, down 4.41% from the prior year.
- Retained Earnings retreated to -$2.2 billion in Q4 2025 per BLDP's latest filing, from -$2.1 billion in the prior quarter.
- Across five years, Retained Earnings topped out at -$1.3 billion in Q1 2021 and bottomed at -$2.2 billion in Q4 2025.
- Historically, Retained Earnings has averaged -$1.7 billion across 5 years, with a median of -$1.7 billion in 2023.
- Annual changes were most pronounced in 2024 — Retained Earnings retreated 19.44% — and 2025, when it dropped 4.41%.
- Ballard Power Systems' Retained Earnings stood at -$1.4 billion in 2021, then fell by 12.48% to -$1.6 billion in 2022, then dropped by 11.32% to -$1.7 billion in 2023, then declined by 18.61% to -$2.1 billion in 2024, then retreated by 4.41% to -$2.2 billion in 2025.
- Business Quant data shows BLDP's Retained Earnings at -$2.2 billion in Q4 2025, -$2.1 billion in Q3 2025, and -$2.1 billion in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 2.95 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 5.33 Bn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | - |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 2.04 Bn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 1.23 Bn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 4.63 Bn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 759.40 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 2.85 Bn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 9.23 Bn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | -2.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -2.18 Bn |
| Dec 31, 2025 | -2.15 Bn |
| Sep 30, 2025 | -2.13 Bn |
| Jun 30, 2025 | -2.11 Bn |
| Mar 31, 2025 | -2.08 Bn |
| Dec 31, 2024 | -2.06 Bn |
| Sep 30, 2024 | -2.02 Bn |
| Jun 30, 2024 | -1.81 Bn |
| Mar 31, 2024 | -1.78 Bn |
| Dec 31, 2023 | -1.74 Bn |
| Sep 30, 2023 | -1.69 Bn |
| Jun 30, 2023 | -1.62 Bn |
| Mar 31, 2023 | -1.59 Bn |
| Dec 31, 2022 | -1.56 Bn |
| Sep 30, 2022 | -1.53 Bn |
| Jun 30, 2022 | -1.48 Bn |
| Mar 31, 2022 | -1.43 Bn |
| Dec 31, 2021 | -1.39 Bn |
| Sep 30, 2021 | -1.35 Bn |
| Jun 30, 2021 | -1.32 Bn |