Ballard Power Systems (BLDP) Retained Earnings (2009 - 2025)

Ballard Power Systems (BLDP) reported 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 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Retained Earnings data on file, last reported at -$2.2 billion in Q4 2025.

  • Retained Earnings for Q4 2025 came in at -$2.2 billion, down 4.41% year-over-year; the trailing twelve-month figure through Dec 2025 was -$2.2 billion (down 4.41% YoY), and the FY2025 annual result was -$2.2 billion, down 4.41% from the prior year.
  • Retained Earnings eased to -$2.2 billion in Q4 2025 per BLDP's latest filing, from -$2.1 billion in the prior quarter.
  • Over five years, Retained Earnings peaked at -$1.3 billion in Q1 2021 and troughed at -$2.2 billion in Q4 2025.
  • A 5-year average of -$1.7 billion and a median of -$1.7 billion in 2023 frame the typical range for Retained Earnings.
  • The sharpest annual moves came in 2024 and 2025: Retained Earnings retreated 19.44% in 2024, then dropped 4.41% in 2025.
  • A 5-year view of Retained Earnings shows it stood at -$1.4 billion in 2021, then declined by 12.48% to -$1.6 billion in 2022, then slipped by 11.32% to -$1.7 billion in 2023, then dropped by 18.61% to -$2.1 billion in 2024, then fell 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -352.40 Mn
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn -76.20 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn -3.92 Bn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn -28.00 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn -
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 1.18 Bn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -2.15 Bn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn -28.13 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 4.49 Bn
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 2.74 Bn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 -1.29 Bn