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