Symbols

BLDP

Ballard Power Systems·NASDAQ

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BLDP fundamentals

BLDP Q4 2025 Earnings

Ballard Power Systems (BLDP) released its earnings on Mar 12, 2026: revenue was 33.27M (YoY +35.73%), missed estimates; EPS was -0.0594 (YoY +62.90%), beat estimates.

Revenue / YoY

33.27M

+35.73%

EPS / YoY

-0.0594

+62.90%

Report date

Mar 12, 2026

BLDP Earnings Call Summary for Q4,2025

Revenue and Margin Milestones: 2025 revenue up 43% to $99M, Q4 gross margin 17% (vs. -13% 2024), $11M Q4 operating cash flow.
Cost Transformation: 2025 OpEx down 32% to $109M, 2026 guided at $65-75M. Product cost initiatives (e.g., 70% bipolar plate savings) driving margin expansion.
Strategic Wins: 50 MW New Flyer deal, largest marine order, and 100,000+ hours of stationary power deployment.
Growth Drivers: Fleet services (recurring revenue), stationary power expansion, and AI-driven product simplification.
Financial Strength: $530M cash, no debt, 50% reduction in annual cash usage.

Earnings

EPS

Revenue

Revenue & Expenses

BLDP has released its 2025 Q4 earnings report, with revenue of 33.64M, reflecting a YoY change of 37.19%, and net profit of -17.53M, showing a YoY change of 62.28%. The Sankey diagram below clearly presents BLDP's revenue sources and cost distribution.

Key Indicators

Ballard Power Systems (BLDP) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Ballard Power Systems (BLDP)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Ballard Power Systems (BLDP)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Ballard Power Systems (BLDP)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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