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| Date | Value |
|---|---|
| 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 |