Ballard Financial Statements From 2010 to 2025

BLDP Stock  USD 2.04  0.10  5.15%   
Analyzing historical trends in various income statement and balance sheet accounts from Ballard Power's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Ballard Power's valuation are summarized below:
Gross Profit
-20.2 M
Market Capitalization
581.7 M
Enterprise Value Revenue
0.1377
Revenue
70.7 M
Earnings Share
(1.01)
There are currently one hundred twenty fundamental signals for Ballard Power Systems that can be evaluated and compared over time across rivals. Investors and active traders are advised to validate Ballard Power's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 07/22/2025, Market Cap is likely to grow to about 740 M, though Enterprise Value is likely to grow to (79 M).

Ballard Power Total Revenue

69.27 Million

Check Ballard Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ballard Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.9 M, Interest Expense of 2.3 M or Selling General Administrative of 18 M, as well as many indicators such as Price To Sales Ratio of 6.77, Dividend Yield of 0.0 or PTB Ratio of 0.7. Ballard financial statements analysis is a perfect complement when working with Ballard Power Valuation or Volatility modules.
  
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Check out the analysis of Ballard Power Correlation against competitors.

Ballard Power Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets494.6 M777.3 M486.5 M
Slightly volatile
Short and Long Term Debt Total25.1 M23.9 M14.9 M
Slightly volatile
Other Current Liabilities27.4 M36 M27.7 M
Slightly volatile
Total Current Liabilities47.1 M75.6 M47.9 M
Slightly volatile
Total Stockholder Equity429.6 M673 M418.6 M
Slightly volatile
Property Plant And Equipment Net46.1 M30.4 M36.9 M
Slightly volatile
Accounts Payable9.7 M12.3 M9.7 M
Slightly volatile
Cash634.1 M603.9 M337.1 M
Slightly volatile
Non Current Assets Total118.5 M78.4 M104.6 M
Slightly volatile
Non Currrent Assets Other470.2 K495 K291 K
Slightly volatile
Cash And Short Term Investments636.4 M606.1 M340.3 M
Slightly volatile
Net Receivables23.5 M32 M28.9 M
Slightly volatile
Common Stock Shares Outstanding314.3 M299.3 M192.2 M
Slightly volatile
Liabilities And Stockholders Equity494.6 M777.3 M486.5 M
Slightly volatile
Non Current Liabilities Total16 M28.7 M21 M
Very volatile
Inventory59.2 M56.4 M29.2 M
Slightly volatile
Other Current Assets5.5 M4.4 M5.3 M
Pretty Stable
Other Stockholder Equity269 M310 M276.4 M
Slightly volatile
Total Liabilities63.1 M104.3 M68.9 M
Slightly volatile
Property Plant And Equipment Gross236.3 M225.1 M75.3 M
Slightly volatile
Total Current Assets733.8 M698.9 M404.3 M
Slightly volatile
Short Term Debt3.6 M2.9 M3.2 M
Pretty Stable
Short Term InvestmentsM2.1 M15.8 M
Slightly volatile
Intangible Assets1.7 M1.8 M10.4 M
Slightly volatile
Other Liabilities2.7 M2.8 M9.7 M
Slightly volatile
Long Term Debt9.1 M7.2 M7.6 M
Pretty Stable
Common Stock1.4 B2.4 B1.4 B
Slightly volatile
Property Plant Equipment37.5 M74.1 M40.5 M
Slightly volatile
Long Term Debt Total20.9 M19.9 M11.6 M
Slightly volatile
Capital Surpluse233.8 M261.6 M286.6 M
Slightly volatile
Capital Lease Obligations16.1 M23.9 M11.9 M
Slightly volatile
Net Invested Capital784.4 M673 M458 M
Slightly volatile
Net Working Capital655 M623.3 M366.4 M
Slightly volatile
Capital Stock2.2 B2.4 B1.6 B
Slightly volatile

Ballard Power Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization9.9 M12 M7.2 M
Slightly volatile
Interest Expense2.3 M2.1 M1.2 M
Slightly volatile
Selling General Administrative18 M23.5 M15.7 M
Slightly volatile
Total Revenue69.3 M69.7 M78.8 M
Slightly volatile
Other Operating Expenses132.1 M253 M128.9 M
Slightly volatile
Research Development52.4 M94.5 M39.5 M
Slightly volatile
Cost Of Revenue54.8 M91.7 M68.1 M
Slightly volatile
Total Operating Expenses169.4 M161.3 M72.5 M
Slightly volatile
Selling And Marketing Expenses10.3 M13.5 M9.4 M
Slightly volatile
Reconciled Depreciation10.1 M12 M7.5 M
Slightly volatile

Ballard Power Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow788.7 M751.1 M312.1 M
Slightly volatile
Depreciation9.9 M12 M7.3 M
Slightly volatile
Capital Expenditures29 M27.6 M13.2 M
Slightly volatile
End Period Cash Flow634.1 M603.9 M337.1 M
Slightly volatile
Stock Based Compensation5.3 M7.5 M4.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.777.125311.4482
Slightly volatile
PTB Ratio0.70.73832.8372
Pretty Stable
Days Sales Outstanding149167132
Slightly volatile
Book Value Per Share3.282.24851.8332
Slightly volatile
Average Payables8.6 M15.5 M15.7 M
Pretty Stable
Stock Based Compensation To Revenue0.110.10690.0639
Slightly volatile
Capex To Depreciation1.662.30661.4334
Slightly volatile
PB Ratio0.70.73832.8372
Pretty Stable
Inventory Turnover1.541.62563.257
Slightly volatile
Days Of Inventory On Hand236225138
Slightly volatile
Payables Turnover4.537.45637.8843
Pretty Stable
Sales General And Administrative To Revenue0.350.33720.2141
Slightly volatile
Average Inventory11.5 M17.9 M18.6 M
Very volatile
Research And Ddevelopement To Revenue0.871.35510.4982
Slightly volatile
Capex To Revenue0.250.39610.1484
Slightly volatile
Cash Per Share1.932.02481.2969
Slightly volatile
Days Payables Outstanding46.548.951651.6102
Very volatile
Intangibles To Total Assets0.00210.00230.1859
Slightly volatile
Current Ratio4.899.24616.1952
Slightly volatile
Tangible Book Value Per Share2.532.24261.5162
Slightly volatile
Receivables Turnover2.682.18033.3008
Slightly volatile
Shareholders Equity Per Share3.262.24851.8416
Slightly volatile
Debt To Equity0.03370.03550.0973
Slightly volatile
Capex Per Share0.10.09230.0561
Slightly volatile
Average Receivables9.3 M15.3 M15.6 M
Very volatile
Revenue Per Share0.220.2330.4674
Slightly volatile
Interest Debt Per Share0.0650.0870.1018
Slightly volatile
Debt To Assets0.05250.03070.0613
Slightly volatile
Graham Number1.913.733.8465
Very volatile
Operating Cycle211392259
Slightly volatile
Price Book Value Ratio0.70.73832.8372
Pretty Stable
Days Of Payables Outstanding46.548.951651.6102
Very volatile
Ebt Per Ebit1.851.76441.1819
Slightly volatile
Company Equity Multiplier1.441.1551.4108
Slightly volatile
Total Debt To Capitalization0.03260.03430.0813
Slightly volatile
Debt Equity Ratio0.03370.03550.0973
Slightly volatile
Quick Ratio4.588.49975.691
Slightly volatile
Net Income Per E B T0.841.00261.0046
Pretty Stable
Cash Ratio8.397.99025.1409
Slightly volatile
Cash Conversion Cycle360343220
Slightly volatile
Days Of Inventory Outstanding236225138
Slightly volatile
Days Of Sales Outstanding149167132
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.831.25551.383
Slightly volatile
Price To Book Ratio0.70.73832.8372
Pretty Stable
Fixed Asset Turnover1.772.2923.0974
Slightly volatile
Debt Ratio0.05250.03070.0613
Slightly volatile
Price Sales Ratio6.777.125311.4482
Slightly volatile
Asset Turnover0.08520.08970.3102
Slightly volatile
Price Fair Value0.70.73832.8372
Pretty Stable

Ballard Power Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap740 M496.9 M1.1 B
Slightly volatile

Ballard Fundamental Market Drivers

Cash And Short Term Investments606.1 M

Ballard Upcoming Events

15th of March 2024
Upcoming Quarterly Report
View
8th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Ballard Power Financial Statements

Ballard Power shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Ballard Power investors may analyze each financial statement separately, they are all interrelated. The changes in Ballard Power's assets and liabilities, for example, are also reflected in the revenues and expenses on on Ballard Power's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue6.6 M6.3 M
Total Revenue69.7 M69.3 M
Cost Of Revenue91.7 M54.8 M
Stock Based Compensation To Revenue 0.11  0.11 
Sales General And Administrative To Revenue 0.34  0.35 
Research And Ddevelopement To Revenue 1.36  0.87 
Capex To Revenue 0.40  0.25 
Revenue Per Share 0.23  0.22 
Ebit Per Revenue(2.63)(2.50)

Pair Trading with Ballard Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ballard Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ballard Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ballard Stock

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Moving against Ballard Stock

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The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ballard Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ballard Power Systems to buy it.
The correlation of Ballard Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ballard Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Ballard Stock Analysis

When running Ballard Power's price analysis, check to measure Ballard Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.