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Ballard Power Systems Inc.

Ballard Power Systems Inc.

BLDP
Ballard Power Systems Inc.US flagNASDAQ Global Market
3.10
USD
+0.14
- -
934.58MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.61
0.54
0.4
0.52
0.69
0.52
0.45
0.42
0.35
0.27
0.34
0.23
0.33
0.35
Basic EPS, GAAP
-0.2
-0.22
-0.05
-0.13
-0.05
-0.15
-0.17
-0.21
-0.39
-0.58
-0.6
-1.08
-0.3
-0.27
Free Cash Flow per Basic Share
-0.18
-0.2
-0.21
-0.07
-0.09
-0.22
-0.12
-0.22
-0.32
-0.56
-0.49
-0.45
-0.22
-0.16
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-2.25
-1.62
-1.28
-1.05
-0.97
-0.05
-0.18
2.45
3.48
2.87
2.3
1.23
0.93
0.91
Tangible Book Value per Share
0.31
0.15
0.39
0.38
0.35
1.26
0.88
3.45
4.21
3.64
3.18
2.24
1.95
1.94
Basic Weighted Avg Shares
100
127
140
163
176
186
233
248
295
299
299
299
303
298
Sales/Revenue/Turnover
61
69
56
85
121
97
106
104
105
82
102
70
99
103
Operating Margin (%)
-30.21
-31.67
-42.96
-18.5
-3.28
-20.91
-22.28
-39.36
-83.94
-173.49
-155.54
-220.12
-80.28
-61.9
Depreciation Expense
6
6
4
5
5
5
8
8
10
14
14
12
4
4
Net Income, GAAP
-20
-28
-7
-22
-8
-27
-39
-51
-114
-173
-178
-324
-91
-81
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-32.59
-40.55
-11.64
-25.43
-6.64
-28.29
-36.94
-49.46
-109.31
-211.94
-173.61
-464.99
-91.49
-78.6
Working Capital
34
26
57
65
63
214
165
802
1,146
955
794
623
540
529
LT Debt
11
9
7
6
6
5
17
15
14
12
13
21
19
17
Total Equity
70
79
112
122
120
283
250
901
1,328
1,159
991
673
590
578
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
-13.95
-18.38
-22.96
-61.41
-28
-26.2

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
19
19
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
301
301
301
Market Capitalization
816
757
722

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
623
601
584
Cash, Cash Equivalents & STI
528
531
521
Accounts Receivable, Net
28
21
13
Inventories
60
44
44
Total Current Liabilities
75
61
55
Payables & Accruals
28
24
22
ST Debt
3
3
3
Deferred Revenue
11
8
7

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.76%
-4.85%
-12.34%
Free Cash Flow
28.45%
15.03%
-51.11%
Net Income, GAAP
66.81%
37.43%
-71.96%
Sales/Revenue/Turnover
9.52%
2.92%
42.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
16
15
25
70
2025
15
18
33
34
99
2026
19
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.11
-0.68
- -
-1.08
2025
-0.07
-0.08
-0.09
-0.06
-0.3
2026
-0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Marty T. Neese
Full Time Employees
492
Sector
Industrials
Industry
Electrical Equipment & Parts
Address
9000 Glenlyon Parkway Burnaby BC Canada V5J 5J8
IPO Date
Nov 8, 1995
CIK
0001453015
Website
ballard.com
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Business
Ballard Power Systems Inc. specializes in the engineering, production, commercialization, and support of proton exchange membrane (PEM) fuel cell products. The company's innovative clean energy solutions are primarily directed towards heavy-duty motive applications, encompassing buses, commercial trucks, rail transport, and marine vessels. Additionally, Ballard caters to material handling equipment, such as forklifts, and offers backup power systems for critical infrastructure. Beyond manufacturing, Ballard provides comprehensive technology solutions, including engineering services, technology transfer, and licensing its extensive intellectual property and foundational knowledge across various PEM fuel cell applications. The company also delivers integrated hydrogen fuel cell powertrain and vehicle systems integration expertise. With a global footprint, Ballard Power Systems maintains operations and serves markets across North America, Europe, and Asia, including Canada, the United States, Germany, China, and more. Recent strategic collaborations include a long-term supply agreement with NFI Group for fuel cell-powered buses in North America, and a partnership with Canadian Pacific Kansas City to supply fuel cell engines for freight rail. The company has also made a strategic investment in Quantron AG to accelerate fuel cell truck adoption in Europe and the US, and partnered with Vertiv for backup power solutions in data centers. Established in 1979 as Ballard Research Inc. with an initial focus on high-energy lithium batteries, the company pivoted to PEM fuel cell technology in 1983 and is headquartered in Burnaby, British Columbia, Canada. Ballard has made significant strides in cost reduction and is targeting positive cash flow by the end of 2027, driven by strong growth in its bus and rail segments, which significantly boosted Q3 2025 revenue.

Company News

APIChatGPT

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    Ballard Power Systems Inc. (BLDP:CA) M&A Call Transcript

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    BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDER

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    Ballard announces order for 15 MW in the stationary power market

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    Ballard announces order for 15 MW in the stationary power market

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    Ballard Power announces results of 2026 Annual General Meeting of Shareholders

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    Ballard Power announces results of 2026 Annual General Meeting of Shareholders

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    Ballard Power announces results of 2026 Annual General Meeting of Shareholders

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    Ballard Power Systems Inc. (BLDP:CA) Shareholder/Analyst Call Prepared Remarks Transcript

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    Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc.

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    Ballard Announces Resignation of Weichai's Nominee Directors and Sale of Weichai's Shares

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    Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc

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    Ballard Power: I See Progress, Not A Buyable Inflection Point