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