Ballard Power Systems (BLDP) Share-based Compensation (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Share-based Compensation came in at $16.9 million in Q4 2025, down 49.15% year-on-year from $33.2 million in Q4 2024, and up 1316.81% on a QoQ basis from -$1.4 million in Q3 2025.

Ballard Power Systems (BLDP) Share-based Compensation (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Share-based Compensation data on file, last reported at $16.9 million in Q4 2025.

  • On a quarterly basis, Share-based Compensation fell 49.15% year-over-year to $16.9 million in Q4 2025; TTM through Dec 2025 was $15.1 million, a 56.25% decrease from a year earlier, with the FY2025 full-year figure at -$3.9 million, up 47.91% from the prior year.
  • Share-based Compensation for Q4 2025 stood at $16.9 million, up from -$1.4 million in the prior quarter.
  • Over the last five years, Share-based Compensation for BLDP reached as high as $33.2 million in Q4 2024 and fell as low as -$10.7 million in Q4 2023.
  • Historically, Share-based Compensation has averaged $1.4 million across 5 years, with a median of -$1.8 million in 2023.
  • Across the five-year window, Share-based Compensation plunged 828.76% in 2023 and surged 409.37% in 2024, its largest moves.
  • Year by year, Share-based Compensation stood at $2.3 million in 2021, then slumped by 36.57% to $1.5 million in 2022, then plunged by 828.76% to -$10.7 million in 2023, then jumped by 409.37% to $33.2 million in 2024, then slumped by 49.15% to $16.9 million in 2025.
  • Per Business Quant data, the three most recent Share-based Compensation figures were $16.9 million in Q4 2025, -$1.4 million in Q3 2025, and -$2.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 203,000.00
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 11.60 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn -
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 14.40 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 16.40 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 18.10 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 13.60 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn -11.19 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 8.11 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 16.87 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 16.87 Mn
Dec 31, 2025 16.87 Mn
Sep 30, 2025 -1.39 Mn
Sep 30, 2025 -1.39 Mn
Jun 30, 2025 -2.29 Mn
Jun 30, 2025 -2.29 Mn
Mar 31, 2025 1.87 Mn
Mar 31, 2025 1.87 Mn
Dec 31, 2024 33.16 Mn
Dec 31, 2024 33.16 Mn
Sep 30, 2024 1.02 Mn
Sep 30, 2024 1.02 Mn
Jun 30, 2024 -2.57 Mn
Jun 30, 2024 -2.57 Mn
Mar 31, 2024 2.80 Mn
Mar 31, 2024 2.80 Mn
Dec 31, 2023 -10.72 Mn
Dec 31, 2023 -10.72 Mn
Sep 30, 2023 -2.96 Mn
Sep 30, 2023 -2.96 Mn