BLDPNasdaqElectrical Industrial ApparatusFiscal year ends December 31

Ballard Power Systems Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 12, 2026

$1.52−0.05 (-3.18%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

Ballard Power Systems Inc. balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Cash & Equivalents	527	604	751	914	1,124	763	148	192	60	73	40
Cash & Short-Term Investments	527	604	751	914	1,124	763	148	192	60	73	40
Receivables	24	32	59	49	46	57	49	39	23	15	–
Inventory	44	56	46	58	52	29	30	29	17	17	–
Total Current Assets	601	699	865	1,029	1,229	854	230	262	103	108	–
Property, Plant & Equipment	–	–	–	82	56	49	43	22	15	16	–
Operating Lease Right-of-Use Assets	18	21	14	12	12	13	15	0	–	–	–
Goodwill	–	0	40	64	64	40	40	40	41	41	–
Intangible Assets	0.25	1.76	1.41	5.21	21	3.76	5.69	8.29	18	18	16
Deferred Tax Assets	–	–	–	0.63	0.70	0	–	–	–	–	–
Total Assets	682	777	1,078	1,247	1,441	976	340	346	178	183	–
Accounts Payable	29	36	40	40	40	30	31	21	25	18	–
Current Portion of Leases	3.41	2.90	4.51	3.90	3.24	2.69	2.45	–	–	–	–
Other Current Liabilities	4.79	5.58	5.63	6.06	9.13	5.31	3.56	5.33	2.49	3.46	–
Total Current Liabilities	61	76	71	73	83	52	65	48	39	43	–
Long-Term Leases	19	21	13	12	14	15	17	–	–	–	–
Operating Lease Liabilities	22	24	18	16	17	18	20	20	–	–	–
Deferred Tax Liabilities	–	–	–	0	3.58	0	–	–	–	–	–
Other Long-Term Liabilities	2.73	2.58	2.34	1.81	–	–	–	–	–	–	–
Total Liabilities	92	104	86	88	113	75	90	64	58	62	–
Common Stock	2,433	2,429	2,426	2,420	2,416	1,885	1,183	1,175	986	978	–
Retained Earnings	-2,152	-2,061	-1,738	-1,561	-1,388	-1,276	-1,224	-1,184	-1,157	-1,149	–
Shareholders' Equity	–	–	–	–	–	–	–	–	120	125	–
Noncontrolling Interest	–	–	–	–	–	–	–	–	0	-3.30	–
Total Equity	590	673	991	1,159	1,327	901	250	283	120	122	112
Total Liabilities & Equity	682	777	1,078	1,247	1,441	976	340	346	178	183	–
Shares Outstanding(shares)	301	299	299	298	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 5.5%
Operating margin: -104.1%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 9.86
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 864.1%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –