Ballard Power Systems Inc. (BLDP) Earnings History
Net Loss33 years of earnings data (1993–2025) · Currently unprofitable on a TTM basis
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Ballard Power Systems Inc. (BLDP) Earnings Overview
As of June 21, 2026, Ballard Power Systems Inc. (BLDP) reported trailing twelve-month net income of -$91M, reflecting +72.2% year-over-year growth. The company earned $-0.31 per diluted share over the past four quarters, with a net profit margin of -91.4%.
Looking at the long-term picture, BLDP's historical earnings data spans multiple years. The company achieved its highest annual net income of $34M in fiscal 2008.
Ballard Power Systems Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including PLUG (-$1.68B net income, -229.8% margin), FCEL (-$223M net income, -118.8% margin), HYMC (-$77M net income), BLDP has outperformed on profitability metrics. Compare BLDP vs PLUG →
BLDP Earnings vs Peers
Earnings metrics vs comparable public companies
BLDP Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$92M | +71.5% | -$82M | $-0.30 | -91.4% | -80.6% |
| 2024 | -$324M | -82.5% | -$183M | $-1.08 | -465.0% | -262.9% |
| 2023 | -$178M | -2.4% | -$163M | $-0.61 | -173.6% | -159.1% |
| 2022 | -$173M | -51.7% | -$159M | $-0.58 | -207.0% | -189.6% |
| 2021 | -$114M | -122.7% | -$88M | $-0.39 | -109.5% | -84.2% |
| 2020 | -$51M | -31.6% | -$40M | $-0.20 | -49.5% | -38.3% |
| 2019 | -$39M | -42.9% | -$25M | $-0.17 | -36.9% | -24.1% |
| 2018 | -$27M | -239.5% | -$21M | $-0.15 | -28.3% | -21.5% |
| 2017 | -$8M | +62.9% | -$5M | $-0.05 | -6.6% | -4.0% |
| 2016 | -$22M | -272.9% | -$18M | $-0.13 | -25.4% | -21.2% |
| 2015 | -$6M | +79.1% | -$25M | $-0.04 | -10.3% | -44.1% |
| 2014 | -$28M | -39.6% | -$28M | $-0.22 | -40.6% | -40.8% |
| 2013 | -$20M | +52.6% | -$19M | $-0.20 | -32.6% | -31.7% |
| 2012 | -$42M | -26.1% | -$31M | $-0.48 | -96.4% | -71.2% |
| 2011 | -$33M | +4.3% | -$34M | $-0.40 | -44.0% | -44.2% |
| 2010 | -$35M | -972.3% | -$43M | $-0.42 | -53.7% | -65.8% |
| 2009 | -$3M | -109.6% | -$52M | $-0.04 | -7.0% | -111.4% |
| 2008 | $34M | +159.5% | -$51M | $0.37 | 57.2% | -85.8% |
| 2007 | -$57M | +68.4% | -$62M | $-0.50 | -87.4% | -94.3% |
| 2006 | -$181M | -108.2% | -$61M | $-1.60 | -363.6% | -121.5% |
| 2005 | -$87M | +50.4% | -$105M | $-0.71 | -161.9% | -194.9% |
| 2004 | -$175M | -40.2% | -$136M | $-1.48 | -215.6% | -166.8% |
| 2003 | -$125M | +15.3% | -$143M | $-1.07 | -104.6% | -119.4% |
| 2002 | -$148M | -53.6% | -$194M | $-1.40 | -162.5% | -213.5% |
| 2001 | -$96M | -68.2% | -$83M | $-1.05 | -158.3% | -135.9% |
| 2000 | -$57M | -11.6% | -$82M | $-0.65 | -208.7% | -298.5% |
| 1999 | -$51M | -10344.9% | -$53M | $-0.62 | -223.8% | -233.3% |
| 1998 | $500,000 | -64.3% | -$30M | $-0.00 | 3.1% | -184.6% |
| 1997 | $1M | +131.1% | -$18M | $0.03 | 8.3% | -108.9% |
| 1996 | -$5M | +16.7% | -$14M | $-0.10 | -23.9% | -72.3% |
| 1995 | -$5M | -45.9% | -$8M | $-0.17 | -35.1% | -50.0% |
| 1994 | -$4M | -58.4% | -$4M | $-0.14 | -27.0% | -25.5% |
| 1993 | -$2M | - | -$4M | $-0.11 | -21.5% | -33.3% |
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BLDP — Frequently Asked Questions
Quick answers to the most common questions about buying BLDP stock.
What is BLDP earnings per share (EPS)?
BLDP trailing twelve-month (TTM) diluted EPS is $-0.31, reflecting +72.2% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Ballard Power Systems Inc.'s net income?
Ballard Power Systems Inc. (BLDP) trailing twelve-month net income is $-91M as of 2025. Earnings grew +72.2% year-over-year.
Is BLDP profitable?
BLDP is not currently profitable on a TTM basis, reporting a net loss of $-91M. Net margin is -91.4%. Investors should monitor for a return to profitability.
What is BLDP's earnings growth rate?
BLDP compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are BLDP's profit margins?
Ballard Power Systems Inc. net profit margin is -91.4%, operating margin is -80.6%, and gross margin is +2.4%. Below-average margins reflect competitive or cost pressures. Return on Equity is -14.7%.
Is BLDP growing earnings?
Yes, BLDP earnings are accelerating — EPS growth of +72.2% exceeds the 5-year CAGR of N/A. TTM net income reached $-91M. Earnings momentum is strengthening.
What was BLDP's best earnings year?
Ballard Power Systems Inc.'s highest annual net income on record is $34M, achieved in fiscal year 2008. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were BLDP's earnings last quarter?
BLDP's most recent reported quarter was Q4 2025. Net income was $-18M with diluted EPS of $-0.06. For a full breakdown of all quarters, see the quarterly earnings table on this page.