Ballard Power Systems, Inc. engages in the design, development, manufacture, sale, and service of fuel cell products. The company is headquartered in Burnaby, British Columbia and currently employs 887 full-time employees. The firm operates through fuel cell products and services segment. Embedded in each Ballard fuel cell product lies a stack of unit cells designed with its PEM fuel cell technology that includes membrane electrode assemblies, catalysts, plates, and other key components, and draw on intellectual property from its patent portfolio, together with its experience and know-how, in key areas of PEM fuel cell stack design, operation, production processes and systems integration.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
Revenue
103
19
33
32
17
15
Revenue Growth (YoY)
47%
27%
38%
129%
6%
7%
Cost of Revenue
91
16
28
27
19
18
Gross Profit
11
2
5
4
-1
-3
Selling, General & Admin
26
6
6
5
7
7
Research & Development
48
9
10
11
17
17
Operating Expenses
76
15
17
17
26
25
Other Non Operating Income (Expenses)
0
0
0
0
0
0
Pretax Income
-81
-11
-17
-28
-24
-21
Income Tax Expense
--
--
0
0
0
0
Net Income
-81
-11
-17
-28
-24
-21
Net Income Growth
-73%
-48%
-63%
-86%
-23%
-49%
Shares Outstanding (Diluted)
300.92
300.92
300.73
300.51
299.84
299.51
Shares Change (YoY)
0%
0%
0%
0%
0%
0%
EPS (Diluted)
-0.27
-0.03
-0.05
-0.09
-0.08
-0.07
EPS Growth
-73%
-46%
-62%
-86%
-23%
-49%
Free Cash Flow
-47
-8
7
-24
-22
-27
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
10.67%
10.52%
15.15%
12.5%
-5.88%
-20%
Operating Margin
-62.13%
-68.42%
-33.33%
-37.5%
-158.82%
-193.33%
Profit Margin
-78.64%
-57.89%
-51.51%
-87.5%
-141.17%
-140%
Free Cash Flow Margin
-45.63%
-42.1%
21.21%
-75%
-129.41%
-180%
EBITDA
-60
-13
-10
-12
-27
-29
EBITDA Margin
-58.25%
-68.42%
-30.3%
-37.5%
-158.82%
-193.33%
D&A For EBITDA
4
0
1
0
0
0
EBIT
-64
-13
-11
-12
-27
-29
EBIT Margin
-62.13%
-68.42%
-33.33%
-37.5%
-158.82%
-193.33%
Effective Tax Rate
--
--
0%
0%
0%
0%
Follow-Up Questions
What are Ballard Power Systems Inc.'s key financial statements?
According to the latest financial statement (Form-10K), Ballard Power Systems Inc. has a total asset of $0, Net loss of $0
What are the key financial ratios for BLDP?
Ballard Power Systems Inc.'s Current ratio is 0, has a Net margin is 0, sales per share of $0.
How is Ballard Power Systems Inc.'s revenue broken down by segment or geography?
Ballard Power Systems Inc. largest revenue segment is Bus, at a revenue of 69,864,428 in the most earnings release.For geography, United States is the primary market for Ballard Power Systems Inc., at a revenue of 45,105,872.
Is Ballard Power Systems Inc. profitable?
no, according to the latest financial statements, Ballard Power Systems Inc. has a net loss of $0
Does Ballard Power Systems Inc. have any liabilities?
no, Ballard Power Systems Inc. has liability of 0
How many outstanding shares for Ballard Power Systems Inc.?
Ballard Power Systems Inc. has a total outstanding shares of 0