Ballard Power Systems Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	516.77	527.05	603.95	751.13	913.73	1,124
Short-Term Investments	4.09	4.2	2.1	2.11	2.01	3
Cash & Short-Term Investments	520.86	531.25	606.05	753.24	915.74	1,127
Cash Growth	-10.01%	-12.34%	-19.54%	-17.75%	-18.74%	47.22%
Accounts Receivable	16.68	24.2	31.98	58.57	48.7	46.4
Inventory	43.8	43.77	56.42	45.87	58.05	51.52
Other Current Assets	2.55	2.21	4.43	7.06	6.02	4.37
Total Current Assets	583.88	601.43	698.88	864.74	1,029	1,229
Net Property, Plant & Equipment	31.52	32.2	30.42	116.33	82.36	56.06
Other Intangible Assets	0.15	0.25	1.76	1.41	5.21	20.79
Goodwill	-	-	-	40.28	64.27	64.27
Long-Term Investments	47.04	48.01	45.75	54.25	66.36	70.29
Other Long-Term Assets	0.5	0.51	0.5	0.55	0.37	0.35
Total Assets	663.1	682.39	777.31	1,078	1,247	1,441
Accounts Payable	26.36	28.79	35.64	39.7	40.33	39.56
Current Portion of Leases	3.44	3.41	2.9	4.51	3.9	3.24
Unearned Revenue	7.18	8.41	6.64	4.59	8.03	12.11
Other Current Liabilities	17.58	20.39	30.41	21.8	20.91	28.26
Total Current Liabilities	54.56	60.99	75.59	70.59	73.17	83.16
Long-Term Leases	17.49	18.73	21	13.39	11.84	13.88
Other Long-Term Liabilities	13.1	12.74	7.74	2.35	3.16	15.69
Total Long-Term Liabilities	30.59	31.46	28.73	15.74	15	29.57
Total Liabilities	85.15	92.46	104.32	86.33	88.17	112.73
Common Stock	2,435	2,433	2,429	2,426	2,420	2,416
Additional Paid-in Capital	307.87	310.04	309.97	306.04	300.76	297.82
Accumulated Other Comprehensive Income	-1.85	-1.6	-4.77	-2.96	-1.49	1.72
Retained Earnings	-2,163	-2,152	-2,061	-1,738	-1,561	-1,388
Shareholders' Equity	577.95	589.93	672.99	991.22	1,159	1,328
Total Liabilities & Equity	663.1	682.39	777.31	1,078	1,247	1,441
Total Debt	20.93	22.14	23.89	17.9	15.73	17.12
Net Cash (Debt)	499.93	509.11	582.16	735.35	900.01	1,110
Net Cash Growth	-1.80%	-12.55%	-20.83%	-18.30%	-18.90%	48.45%
Net Cash Per Share	1.66	1.70	1.95	2.46	2.80	3.76
Book Value	577.95	589.93	672.99	991.22	1,159	1,328
Book Value Per Share	1.92	1.97	2.25	3.32	3.61	4.50
Tangible Book Value	577.8	589.68	671.23	949.53	1,089	1,243
Tangible Book Value Per Share	1.92	1.96	2.24	3.18	3.39	4.21

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.