Ballard Power Systems Inc. BLDP

Industrials SIC 3620 - Electrical Industrial Apparatus NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing derived Nasdaq

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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

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Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue ————————$121.3M$85.3M
Operating income -$103.5M-$183.3M-$162.9M-$145.3M-$88.1M-$39.8M-$25.4M-$20.8M-$4.9M-$18.1M
Net income -$90.9M-$324.2M-$177.7M-$173.5M-$114.2M-$51.4M-$39.0M-$27.3M-$8.0M-$21.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets $682.4M$777.3M$1.08B$1.25B$1.44B$975.6M$340.3M$346.1M$177.7M$183.4M
Total equity $589.9M$673.0M$991.2M$1.16B$1.33B$900.9M$250.3M$282.6M$119.9M$121.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-017045.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M Revenue, FY2016: 85.3M Net income, FY2016: -21.7M Revenue, FY2017: 121.3M Net income, FY2017: -8M Net income, FY2018: -27.3M Net income, FY2019: -39M Net income, FY2020: -51.4M Net income, FY2021: -114.2M Net income, FY2022: -173.5M Net income, FY2023: -177.7M Net income, FY2024: -324.2M Net income, FY2025: -90.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $85.3M $121.3M — — — — — — — —
Gross profit — — — — — — — — — —
Net income -$21.7M -$8.0M -$27.3M -$39.0M -$51.4M -$114.2M -$173.5M -$177.7M -$324.2M -$90.9M

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EAF GRAFTECH INTERNATIONAL LTD $222.0M — -6.4%
NPWR Net Power Inc. $80.4M — -100.0%
FPS Forgent Power Solutions, Inc. — — —