Ballard Power Systems (BLDP) Total Liabilities (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Total Liabilities came in at $92.5 million in Q4 2025, down 11.37% year-on-year from $104.3 million in Q4 2024, and down 10.79% on a QoQ basis from $103.6 million in Q3 2025.

Ballard Power Systems (BLDP) Total Liabilities (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Total Liabilities data on file, last reported at $92.5 million in Q4 2025.

  • On a quarterly basis, Total Liabilities fell 11.37% year-over-year to $92.5 million in Q4 2025; TTM through Dec 2025 was $92.5 million, a 11.37% decrease from a year earlier, with the FY2025 full-year figure at $92.5 million, down 11.37% from the prior year.
  • Total Liabilities for Q4 2025 stood at $92.5 million, down from $103.6 million in the prior quarter.
  • Over the last five years, Total Liabilities for BLDP reached as high as $112.7 million in Q4 2021 and fell as low as $74.4 million in Q1 2021.
  • Historically, Total Liabilities has averaged $94.8 million across 5 years, with a median of $98.9 million in 2024.
  • Across the five-year window, Total Liabilities surged 50.88% in 2021 and retreated 21.79% in 2022, its largest moves.
  • Year by year, Total Liabilities stood at $112.7 million in 2021, then slipped by 21.79% to $88.2 million in 2022, then slipped by 2.09% to $86.3 million in 2023, then grew by 20.84% to $104.3 million in 2024, then dropped by 11.37% to $92.5 million in 2025.
  • Per Business Quant data, the three most recent Total Liabilities figures were $92.5 million in Q4 2025, $103.6 million in Q3 2025, and $99.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 106.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 9.16 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 3.72 Bn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 4.64 Bn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 3.17 Bn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 1.19 Bn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 1.78 Bn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 470.97 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 2.09 Bn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 92.46 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 92.46 Mn
Sep 30, 2025 103.64 Mn
Jun 30, 2025 99.91 Mn
Mar 31, 2025 102.79 Mn
Dec 31, 2024 104.32 Mn
Sep 30, 2024 110.89 Mn
Jun 30, 2024 98.96 Mn
Mar 31, 2024 98.79 Mn
Dec 31, 2023 86.33 Mn
Sep 30, 2023 89.29 Mn
Jun 30, 2023 81.02 Mn
Mar 31, 2023 82.98 Mn
Dec 31, 2022 88.17 Mn
Sep 30, 2022 99.28 Mn
Jun 30, 2022 101.16 Mn
Mar 31, 2022 104.48 Mn
Dec 31, 2021 112.73 Mn
Sep 30, 2021 84.73 Mn
Jun 30, 2021 79.22 Mn
Mar 31, 2021 74.42 Mn