Companies: 10,795·Total market cap: $144.5T

Ballard Power Systems Inc.

Ballard Power Systems Inc.

BLDP.TOTSXIndustrials● Active

$6.85

$-1.60(-18.93%)

Market Cap$2.1B

P/E Ratio—

52W High$9.08

52W Low$1.86

Avg Volume1.3M

Open$8.20

Beta1.90

Net Income Financials Revenue

Ballard Power Systems Inc. (BLDP.TO) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

BLDP.TO · net income · updated Jun 8, 2026

Core profitability metrics

BLDP.TO · net income · margin · TTM · CAGR

Net income was −$92.5M for FY2025 (fiscal year ending 2025-12-31), up 71.5% year-over-year. Net profit margin was -91.5%.

FY2025 Net Income−$92.5M▲ +71.5% YoY

Trailing 12M (TTM)−$81.4Mtrailing 4 quarters sum

Net Profit Margin-91.5%−$92.5M ÷ $101.1M

YoY Change+71.5%—

5-Year CAGRN/AN/A — contains loss years

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %

▸ FMP /income-statement · Annual · BLDP.TO net income history · BLDP.TO profit margin

Annual net income data

BLDP.TO · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025Loss−$92.5M▲ +71.5%-91.5%$101.1M

FY2024Loss−$324.2M▼ 82.5%-465.0%$69.7M

FY2023Loss−$177.7M▼ 2.4%-173.6%$102.4M

FY2022Loss−$173.5M▼ 51.7%-207.0%$83.8M

FY2021Loss−$114.4M▼ 131.2%-109.5%$104.5M

Net income vs peers (Industrials)

BLDP.TO vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

#1

Ballard Power Systems Inc.YOU

BLDP.TO

−$92.5M+71.5%-91.5%

Loss

Caterpillar Inc.

$8.87B-17.8%13.1%

$8.70B+32.8%19.0%

Union Pacific Corporation

$7.14B+5.8%29.1%

RTX Corporation

$6.73B+41.0%7.6%

The Boeing Company

$2.23B+118.9%2.5%

Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Ballard Power Systems Inc. (BLDP.TO) reported net income of −$92.5M for FY2025 (fiscal year ending 2025-12-31), up 71.5% year-over-year. The net profit margin was -91.5% — meaning the company kept $-0.91 of every dollar of revenue as profit.

Ballard Power Systems Inc. has not yet achieved annual profitability based on available data (15 fiscal years). The company has reported net losses across all available periods.

Ballard Power Systems Inc.'s net profit margin was -91.5% for FY2025, based on the latest annual results.

Investors sometimes search for "Ballard Power Systems Inc. net worth" — the company's market capitalization is a separate figure from BLDP.TO net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

BLDP.TO net income · 4 questions

Ballard Power Systems Inc. is not currently profitable on an annual basis. The company reported a net loss of $92.5M for FY2025.

is BLDP.TO profitabledoes BLDP.TO make a profitBLDP.TO profitabilityBLDP.TO profitable company

▸ Source: FMP /income-statement · GAAP · Ballard Power Systems Inc. · Ballard Power Systems Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026