Companies: 10,795·Total market cap: $144.5T
Ballard Power Systems Inc.

Ballard Power Systems Inc.

BLDPNASDAQIndustrials● Active
$5.12
+$0.20(+3.96%)
Market Cap$1.5B
P/E Ratio—
52W High$6.57
52W Low$1.36
Net IncomeFinancialsRevenue

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

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

BLDP · net income · updated Jun 8, 2026

Core profitability metrics

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)−$81.3Mtrailing 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 IncomeNet LossNet Margin %

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

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025Loss−$92.5M▲ +71.5%-91.5%
FY2024Loss−$324.2M▼ 82.5%-465.0%
FY2023Loss−$177.7M▼ 2.4%-173.6%
FY2022Loss−$173.5M▼ 51.7%-207.0%
FY2021Loss−$114.4M▼ 122.7%-109.5%

Net income vs peers (Industrials)

#CompanyNet IncomeYoY
#1
Ballard Power Systems Inc.
Ballard Power Systems Inc.YOU
BLDP
−$92.5M+71.5%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$8.87B-17.8%#3
GE Aerospace
GE Aerospace
GE
$8.70B+32.8%#4
RTX Corporation
RTX Corporation
RTX
$6.73B+41.0%#5
The Boeing Company
The Boeing Company
BA
$2.23B+118.9%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$4.94B-724.1%
Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Ballard Power Systems Inc. (BLDP) 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 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.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

BLDP 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 profitabledoes BLDP make a profitBLDP profitabilityBLDP 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