NASDAQ · BLDP
Ballard Power Systems financials
$2.10+1.94%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '16 Jun 30 | Q1 '16 Mar 31 | Q4 '15 Dec 31 | Q3 '15 Sep 30 | Q2 '15 Jun 30 | Q1 '15 Mar 31 | Q4 '14 Dec 31 | Q3 '14 Sep 30 | Q2 '14 Jun 30 | Q1 '14 Mar 31 | Q4 '13 Dec 31 | Q3 '13 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.6M | $16.3M | $20.0M | $16.0M | $11.2M | $9.3M | $15.6M | $20.6M | $18.5M | $14.0M | $17.3M | $17.0M |
| Gross profit | $5.1M | $3.3M | $3.8M | $4.0M | $1.1M | $1.0M | -$3.0M | $5.2M | $4.5M | $3.5M | $5.9M | $4.7M |
| Gross margin | 29.0% | 20.1% | 19.1% | 25.2% | 9.8% | 11.0% | −19.4% | 25.3% | 24.6% | 25.2% | 34.0% | 27.6% |
| Operating income | -$4.9M | -$9.7M | -$5.5M | -$4.5M | -$7.6M | -$7.2M | -$17.7M | -$2.3M | -$3.9M | -$4.1M | -$2.6M | -$3.8M |
| Net income | -$6.0M | -$10.4M | -$1.2M | -$4.4M | -$7.7M | $6.7M | -$18.0M | -$2.7M | -$4.8M | -$3.9M | -$2.5M | -$5.0M |
| Net margin | −34.0% | −63.8% | −6.1% | −27.3% | −68.6% | 72.2% | −115.2% | −13.2% | −26.0% | −27.7% | −14.5% | −29.2% |
| Diluted EPS | $-0.04 | $-0.06 | $-0.01 | $-0.03 | $-0.06 | $0.05 | $-0.14 | $-0.02 | $-0.03 | $-0.03 | $-0.02 | $-0.05 |
| EBITDA | -$3.9M | -$8.5M | -$5.5M | -$3.8M | -$6.7M | -$6.2M | -$16.2M | -$824.0K | -$2.5M | -$2.9M | -$1.0M | -$2.4M |
| Operating cash flow | -$3.9M | -$7.5M | -$10.6M | -$4.1M | -$5.3M | -$5.4M | -$8.2M | -$2.9M | -$2.9M | -$6.6M | -$872.0K | -$4.8M |
| Free cash flow | -$4.9M | -$7.9M | -$11.2M | -$4.5M | -$6.3M | -$5.7M | -$8.4M | -$3.0M | -$3.3M | -$6.7M | -$1.0M | -$5.1M |
| Diluted shares | 156.9M | 156.9M | 140.4M | 141.3M | 132.6M | 134.3M | 127.4M | 132.0M | 130.4M | 114.8M | 100.0M | 99.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $527.1M | $603.9M | $751.1M | $913.7M | $1.12B | $763.4M |
| Short-term investments | $4.2M | $2.1M | $2.1M | $2.0M | $3.0M | $2.0M |
| Total debt | $0.00 | $0.00 | $0.00 | $902.0K | $17.1M | $17.9M |
| Total assets | $682.4M | $777.3M | $1.08B | $1.25B | $1.44B | $975.6M |
| Total liabilities | $92.5M | $104.3M | $86.3M | $88.2M | $112.7M | $74.7M |
| Shareholders' equity | $589.9M | $673.0M | $991.2M | $1.16B | $1.33B | $900.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology