Ballard Power Systems Inc.

BLDP.TOTSXIndustrials● Active

$7.11

+$0.26(+3.80%)

Market Cap$2.1B

P/E Ratio—

52W High$9.08

52W Low$1.86

Avg Volume1.3M

Open$7.09

Beta1.90

Cash on Hand Financials Revenue

Ballard Power Systems Inc. (BLDP.TO) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

BLDP.TO · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$530.3M▼ -12.5% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$526.1M

cashAndCashEquivalents

Short-Term Investments

$4.2M

shortTermInvestments

YoY Change vs Prior Year

-12.5%

vs prior fiscal year

Latest Quarter

$521.2M

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$530.3MCash on Hand

Total Debt$22.1MTotal Debt

Net Cash / Net Debt+$508.2MNet Cash Position

Cash vs Debt Ratio

Cash 96%Ballard Power Systems Inc. cash as % of market cap: 24.74%% · MCap $2BDebt 4%

Ballard Power Systems Inc. has a net cash position of $508.2M, holding more cash than debt.

Net Cash = Cash & ST Investments − Total Debt$530.3M − $22.1M = +$508.2M

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

BLDP.TO annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

BLDP.TO cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$530.3M-12.5%

Dec 31, 2024FY$606.1M-19.5%

Dec 31, 2023FY$753.2M-17.7%

Dec 31, 2022FY$915.7M-18.7%

Dec 31, 2021FY$1.13B+47.2%

BLDP.TO cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Industrials Sector Cash Reserves Comparison

BLDP.TO vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Ballard Power Systems Inc.YOU

BLDP.TO

$530.3M$2B25.3%

Industrials sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Ballard Power Systems Inc. (BLDP.TO) cash on hand as of December 31, 2025 is $530.3M, comprising $526.1M in cash and cash equivalents (CCE) plus $4.2M in short-term investments — reported as Ballard Power Systems Inc. cash and short-term investments on the balance sheet (10-K filing). Also referred to as Ballard Power Systems Inc. cash reserves or cash position.

Ballard Power Systems Inc. annual cash on hand history shows decreased -12.5% in 2025: decreased -12.5% in 2025. Ballard Power Systems Inc. cash reserves in 2025 reflect the company's capital allocation strategy.

Ballard Power Systems Inc. carries total debt of $22.1M against cash of $530.3M, resulting in a net cash position of +$508.2M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

BLDP.TO cash on hand · 5 questions

As of December 31, 2025, Ballard Power Systems Inc. (BLDP.TO) has $530,287,197 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $526,092,844 in cash and cash equivalents (CCE) plus $4,194,353 in short-term investments. Latest quarter (March 31, 2026): $521,230,269. Data sourced from the annual 10-K filing via FMP.

BLDP.TO cash on handBLDP.TO cash reservesBLDP.TO cash 2025how much cash does BLDP.TO have

▸ Source: FMP /balance-sheet-statement · US GAAP · Ballard Power Systems Inc. · Ballard Power Systems Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025