Ballard Power Systems, Inc.
BLDP
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Fundamentals
| Market cap | $681.12M | Enterprise value | $99.46M | Trailing P/E | — | Forward P/E | -16.17 |
| PEG | 3.52 | Price / book | 1.05 | Beta | 1.85 | Dividend yield | 0.00% |
| Revenue growth | 15.4% | Earnings growth | — | Gross margin | 16.4% | Operating margin | -62.0% |
| Profit margin | -72.8% | ROE | -12.9% | ROA | -4.5% | Debt / equity | 0.04 |
| Current ratio | 11.19 | Free cash flow | -$22.50M | Analyst recommendation | hold | Mean target | $3.65 |
| 52w high | $6.57 | 52w low | $1.92 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $20.6M | $19.4M | $33.6M | $32.5M | $17.8M | — |
| Op margin | -61.5% | -67.3% | -35.1% | -37.8% | -150.5% | — |
| Net income | -$20.3M | -$11.4M | -$17.5M | -$28.1M | -$24.3M | — |
| Gross margin | 19.8% | 14.2% | 16.7% | 15.3% | -8.4% | — |
| Gross profit | $4.1M | $2.8M | $5.6M | $5.0M | -$1.5M | — |
| Operating income | -$12.7M | -$13.1M | -$11.8M | -$12.3M | -$26.9M | — |
- Revenue +6% vs prior quarter ($21M vs $19M).
- Gross margin 19.8% (was 14.2% prior quarter).
- Operating margin expanded to -61.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $99.4M | $69.7M | $102M | $81.9M | — |
| Op margin | -80.3% | -220.1% | -155.5% | -173.5% | — |
| Net income | -$90.9M | -$324M | -$178M | -$173M | — |
| Gross margin | 5.5% | -31.5% | -21.3% | -16.3% | — |
| Gross profit | $5.5M | -$22.0M | -$21.8M | -$13.3M | — |
| Operating income | -$79.8M | -$153M | -$159M | -$142M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Ballard Wins 4.8-Megawatt Fuel Cell Order for Romania Hydrogen Trains
2026-10-07 · Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania
2026-10-07 · Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania
2026-10-06 · 3 Hydrogen Stocks Worth Watching This October
2026-10-02 · Ballard Power Systems Launches Fleet360 Service Program
2026-10-02 · Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 2026
2026-10-02 · Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 2026
2026-09-22 · BE vs. BLDP: Which Clean Energy Stock Has Stronger Growth Potential?
2026-08-28 · Ballard Power Systems Closes $373.5 Million Purchase of GeoPura
2026-08-28 · Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider
2026-08-28 · Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider
Price (daily)
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