Ballard Power Systems Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	527.05	603.95	751.13	913.73	1,124
Short-Term Investments	4.2	2.1	2.11	2.01	3
Cash & Short-Term Investments	531.25	606.05	753.24	915.74	1,127
Cash Growth	-12.34%	-19.54%	-17.75%	-18.74%	47.22%
Accounts Receivable	24.2	31.98	58.57	48.7	46.4
Inventory	43.77	56.42	45.87	58.05	51.52
Other Current Assets	2.21	4.43	7.06	6.02	4.37
Total Current Assets	601.43	698.88	864.74	1,029	1,229
Net Property, Plant & Equipment	32.2	30.42	116.33	82.36	56.06
Other Intangible Assets	0.25	1.76	1.41	5.21	20.79
Goodwill	-	-	40.28	64.27	64.27
Long-Term Investments	48.01	45.75	54.25	66.36	70.29
Other Long-Term Assets	0.51	0.5	0.55	0.37	0.35
Total Assets	682.39	777.31	1,078	1,247	1,441
Accounts Payable	28.79	35.64	39.7	40.33	39.56
Current Portion of Leases	3.41	2.9	4.51	3.9	3.24
Unearned Revenue	8.41	6.64	4.59	8.03	12.11
Other Current Liabilities	20.39	30.41	21.8	20.91	28.26
Total Current Liabilities	60.99	75.59	70.59	73.17	83.16
Long-Term Leases	18.73	21	13.39	11.84	13.88
Other Long-Term Liabilities	12.74	7.74	2.35	3.16	15.69
Total Long-Term Liabilities	31.46	28.73	15.74	15	29.57
Total Liabilities	92.46	104.32	86.33	88.17	112.73
Common Stock	2,433	2,429	2,426	2,420	2,416
Additional Paid-in Capital	310.04	309.97	306.04	300.76	297.82
Accumulated Other Comprehensive Income	-1.6	-4.77	-2.96	-1.49	1.72
Retained Earnings	-2,152	-2,061	-1,738	-1,561	-1,388
Shareholders' Equity	589.93	672.99	991.22	1,159	1,328
Total Liabilities & Equity	682.39	777.31	1,078	1,247	1,441
Total Debt	22.14	23.89	17.9	15.73	17.12
Net Cash (Debt)	509.11	582.16	735.35	900.01	1,110
Net Cash Growth	-12.55%	-20.83%	-18.30%	-18.90%	48.45%
Net Cash Per Share	1.70	1.95	2.46	-	3.76
Book Value	589.93	672.99	991.22	1,159	1,328
Book Value Per Share	1.97	2.25	3.32	-	4.50
Tangible Book Value	589.68	671.23	949.53	1,089	1,243
Tangible Book Value Per Share	1.96	2.24	3.18	-	4.21

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.