Ballard Power Systems Inc. (BLDP)
Ballard Power Systems Inc. reported revenue of $99.4M in fiscal 2025, up 42.5% from a year earlier. It posted a net loss of $90.9M. In fiscal 2025 capital spending exceeded operating cash flow by $66M. At December 31, 2025 it held $527.1M in cash. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 12, 2026.
What Ballard Power Systems Inc. does
Ballard Power Systems Inc. is registered with the SEC under industry code SIC 3620 (Electrical Industrial Apparatus). Its shares trade on NASDAQ under the ticker BLDP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $99.4M | -$90.9M | -$0.30 | -$66M |
| 2024 | $69.7M | -$324.2M | -$1.08 | -$133.9M |
| 2024 | $102.4M | -$177.7M | -$0.59 | -$145.8M |
| 2022 | $81.9M | -$173.5M | -$0.58 | -$166.1M |
| 2021 | $104.5M | -$114.2M | -$0.39 | -$93.6M |
| 2020 | $103.9M | -$51.4M | -$0.21 | -$55.6M |
Latest SEC filings
What Ballard Power Systems Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 28, 2026
- July 31, 2026
- July 31, 2026
- July 7, 2026
- July 7, 2026
- June 23, 2026
- June 16, 2026
- June 4, 2026
- May 28, 2026
- May 19, 2026Activist stake changed SCHEDULE 13D/A
Questions about BLDP
What does Ballard Power Systems Inc. do?
Ballard Power Systems Inc. is registered with the SEC under industry code SIC 3620 (Electrical Industrial Apparatus). Its shares trade on NASDAQ under the ticker BLDP.
Is Ballard Power Systems Inc. profitable?
No. In fiscal 2025 it reported a net loss of $90.9M on revenue of $99.4M.
How much revenue does Ballard Power Systems Inc. make?
In fiscal 2025 Ballard Power Systems Inc. reported revenue of $99.4M. That is 42.5% more than a year earlier.
When did Ballard Power Systems Inc. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 12, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 28, 2026.
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Follow BLDP: get an email when it filesWhere the numbers come from
Financial figures are the values Ballard Power Systems Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.