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

Ballard Power Systems' (BLDP) quarterly Retained Earnings came in at -$2.2 billion in Q4 2025, down 4.41% year-on-year from -$2.3 billion in Q4 2024, and down 793.31% on a QoQ basis from $310.4 million 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.

  • On a quarterly basis, Retained Earnings fell 4.41% year-over-year to -$2.2 billion in Q4 2025; TTM through Dec 2025 was -$2.2 billion, a 4.41% decrease from a year earlier, with the FY2025 full-year figure at -$2.2 billion, down 4.41% from the prior year.
  • Retained Earnings for Q4 2025 stood at -$2.2 billion, down from $310.4 million in the prior quarter.
  • Over the last five years, Retained Earnings for BLDP reached as high as $314.0 million in Q2 2025 and fell as low as -$2.2 billion in Q4 2025.
  • Historically, Retained Earnings has averaged -$134.1 million across 5 years, with a median of $299.9 million in 2022.
  • On a YoY basis, Retained Earnings climbed as much as 3.59% in 2022 and fell as far as 624.06% in 2022.
  • Year by year, Retained Earnings stood at $297.8 million in 2021, then slumped by 624.06% to -$1.6 billion in 2022, then fell by 11.32% to -$1.7 billion in 2023, then retreated by 18.61% to -$2.1 billion in 2024, then slipped by 4.41% to -$2.2 billion in 2025.
  • Per Business Quant data, the three most recent Retained Earnings figures were -$2.2 billion in Q4 2025, $310.4 million in Q3 2025, and $314.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 6.06 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 1.39 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 4.84 Bn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn -
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn -28.00 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 1.18 Bn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 4.63 Bn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 710.53 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 2.74 Bn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn -2.15 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -2.15 Bn
Sep 30, 2025 310.36 Mn
Jun 30, 2025 314.01 Mn
Mar 31, 2025 309.49 Mn
Dec 31, 2024 -2.06 Bn
Sep 30, 2024 308.99 Mn
Jun 30, 2024 308.06 Mn
Mar 31, 2024 306.68 Mn
Dec 31, 2023 -1.74 Bn
Sep 30, 2023 306.60 Mn
Jun 30, 2023 303.59 Mn
Mar 31, 2023 302.19 Mn
Dec 31, 2022 -1.56 Bn
Sep 30, 2022 301.26 Mn
Jun 30, 2022 298.54 Mn
Mar 31, 2022 295.88 Mn
Dec 31, 2021 297.82 Mn
Sep 30, 2021 290.84 Mn
Jun 30, 2021 288.40 Mn
Mar 31, 2021 286.12 Mn