Ballard Power Systems Inc. (TSX:BLDP)

Ballard Power Systems Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	502.1	527.05	603.95	751.13	913.73	1,124
Short-Term Investments	3.05	4.2	2.1	2.11	2.01	3
Cash & Short-Term Investments	505.15	531.25	606.05	753.24	915.74	1,127
Cash Growth	-8.51%	-12.34%	-19.54%	-17.75%	-18.74%	47.22%
Accounts Receivable	16.84	20.77	27.33	50.76	38.59	39.81
Other Receivables	3.61	3.44	4.65	7.81	10.1	6.59
Receivables	20.44	24.2	31.98	58.57	48.7	46.4
Inventory	42.34	43.77	56.42	45.87	58.05	51.52
Prepaid Expenses	1.82	2.21	3.74	6.52	7.22	4.34
Other Current Assets	-	-	0.69	0.54	-1.2	0.03
Total Current Assets	569.75	601.43	698.88	864.74	1,029	1,229
Property, Plant & Equipment	31.59	32.2	30.42	116.33	82.36	56.06
Long-Term Investments	42.03	48.01	45.75	54.25	66.36	70.29
Goodwill	-	-	-	40.28	64.27	64.27
Other Intangible Assets	0.03	0.25	1.76	1.41	5.21	20.79
Other Long-Term Assets	0.49	0.51	0.5	0.55	0.37	0.35
Total Assets	643.9	682.39	777.31	1,078	1,247	1,441

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	16.08	12.01	12.3	13.72	20.44	13.69
Accrued Expenses	6.94	11.79	17.11	19.24	13.25	15.83
Current Portion of Leases	3.4	3.41	2.9	4.51	3.9	3.24
Current Income Taxes Payable	0.03	0.2	0.65	1.11	0.59	0.91
Current Unearned Revenue	6.02	8.41	6.64	4.59	8.03	12.11
Other Current Liabilities	18.45	25.18	35.99	27.43	26.97	37.39
Total Current Liabilities	50.92	60.99	75.59	70.59	73.17	83.16
Long-Term Leases	16.29	18.73	21	13.39	11.84	13.88
Long-Term Unearned Revenue	14.24	9.92	5.06	0.49	0.9	1.32
Pension & Post-Retirement Benefits	0.08	0.09	0.1	-0.48	0.46	1.89
Long-Term Deferred Tax Liabilities	-	-	-	-	-	3.58
Other Long-Term Liabilities	2.63	2.73	2.58	2.34	1.81	8.9
Total Liabilities	84.16	92.46	104.32	86.33	88.17	112.73

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2,435	2,433	2,429	2,426	2,420	2,416
Additional Paid-In Capital	309.8	310.04	309.97	306.04	300.76	297.82
Retained Earnings	-2,183	-2,152	-2,061	-1,738	-1,561	-1,388
Comprehensive Income & Other	-1.89	-1.6	-4.77	-2.96	-1.49	1.72
Total Common Equity	559.74	589.93	672.99	991.22	1,159	1,328
Shareholders' Equity	559.74	589.93	672.99	991.22	1,159	1,328
Total Liabilities & Equity	643.9	682.39	777.31	1,078	1,247	1,441

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	19.69	22.14	23.89	17.9	15.73	17.12
Net Cash (Debt)	485.46	509.11	582.16	735.35	900.01	1,110
Net Cash Growth	-8.13%	-12.55%	-20.83%	-18.30%	-18.90%	48.45%
Net Cash Per Share	1.61	1.70	1.95	2.46	3.02	3.76
Filing Date Shares Outstanding	301.51	300.91	299.66	299.04	298.44	297.81
Total Common Shares Outstanding	301.51	300.78	299.44	298.94	298.39	297.7
Working Capital	518.83	540.44	623.29	794.16	955.34	1,146
Book Value Per Share	1.86	1.96	2.25	3.32	3.88	4.46
Tangible Book Value	559.7	589.68	671.23	949.53	1,089	1,243
Tangible Book Value Per Share	1.86	1.96	2.24	3.18	3.65	4.18
Machinery	-	184.12	176.62	156.22	118.35	86.41
Leasehold Improvements	-	15.05	14.35	10.78	9.65	9.45
Order Backlog	-	119.3	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 6, 2026

Data Sources Report a data error