Ballard Power Systems Inc. (BLDP)

NASDAQ: BLDP · Real-Time Price · USD

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2.310

-0.020 (-0.86%)

At close: Feb 2, 2026, 4:00 PM EST

2.380

+0.070 (3.03%)

Pre-market: Feb 3, 2026, 4:15 AM EST

Ballard Power Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	90.25	69.73	102.37	81.86	104.51	103.88
Revenue Growth (YoY)	-1.86%	-31.88%	25.05%	-21.67%	0.60%	-1.75%
Cost of Revenue	93.62	91.71	124.2	95.17	90.49	82.89
Gross Profit	-3.37	-21.98	-21.83	-13.31	14.01	20.98
Selling, General & Admin	29.37	37.02	38.98	39.08	37.88	25.12
Research & Development	67.71	94.49	98.31	89.72	62.16	35.52
Other Operating Expenses	3.74	12.76	1.5	0.07	0.05	0.31
Operating Expenses	100.82	144.27	138.79	128.87	100.1	60.95
Operating Income	-104.19	-166.25	-160.62	-142.18	-86.08	-39.97
Interest Expense	-1.99	-2.15	-1.11	-1.27	-1.29	-1.3
Interest & Investment Income	26.66	36.89	43.34	19.61	3.74	1.44
Earnings From Equity Investments	-5.69	-4.94	-10.13	-11.62	-16.14	-12.56
Currency Exchange Gain (Loss)	-1.8	-3.14	0.82	-4.55	-1.34	4.88
Other Non Operating Income (Expenses)	0.16	-0.02	-0.21	-0.1	-1.95	-1.76
EBT Excluding Unusual Items	-86.84	-139.62	-127.9	-140.11	-103.06	-49.27
Merger & Restructuring Charges	-24.41	-17.05	-2.29	-3.34	-2.27	-0.07
Impairment of Goodwill	-	-40.28	-	-	-	-
Gain (Loss) on Sale of Investments	-0.56	-14.79	-12.9	-16.88	-9.02	-
Gain (Loss) on Sale of Assets	0.07	-	-	-	-	-
Asset Writedown	-8.08	-111.68	-0.97	-0.01	-0.26	-
Pretax Income	-119.82	-323.41	-144.05	-160.33	-114.61	-49.34
Income Tax Expense	0.04	0.12	0.16	0.04	-0.22	0.13
Earnings From Continuing Operations	-119.86	-323.53	-144.21	-160.37	-114.4	-49.47
Earnings From Discontinued Operations	-	-0.72	-33.51	-13.12	0.16	-1.91
Net Income to Company	-119.86	-324.25	-177.72	-173.49	-114.23	-51.38
Net Income	-119.86	-324.25	-177.72	-173.49	-114.23	-51.38
Net Income to Common	-119.86	-324.25	-177.72	-173.49	-114.23	-51.38
Shares Outstanding (Basic)	300	299	299	298	295	248
Shares Outstanding (Diluted)	300	299	299	298	295	248
Shares Change (YoY)	0.22%	0.22%	0.19%	0.95%	18.84%	6.73%
EPS (Basic)	-0.40	-1.08	-0.60	-0.58	-0.39	-0.21
EPS (Diluted)	-0.40	-1.08	-0.60	-0.58	-0.39	-0.21
Free Cash Flow	-103.64	-133.95	-145.78	-166.1	-93.63	-55.55
Free Cash Flow Per Share	-0.35	-0.45	-0.49	-0.56	-0.32	-0.22
Gross Margin	-3.73%	-31.52%	-21.33%	-16.26%	13.41%	20.20%
Operating Margin	-115.44%	-238.42%	-156.90%	-173.68%	-82.37%	-38.48%
Profit Margin	-132.80%	-464.99%	-173.61%	-211.94%	-109.31%	-49.46%
Free Cash Flow Margin	-114.83%	-192.09%	-142.41%	-202.91%	-89.60%	-53.48%
EBITDA	-104.67	-158.93	-152.28	-131.59	-79.05	-34.97
EBITDA Margin	-115.98%	-227.92%	-148.75%	-160.75%	-75.64%	-33.66%
D&A For EBITDA	-0.48	7.32	8.34	10.59	7.04	5
EBIT	-104.19	-166.25	-160.62	-142.18	-86.08	-39.97
EBIT Margin	-115.44%	-238.42%	-156.90%	-173.68%	-82.37%	-38.48%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q