Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ballard Power Systems Inc. (BLDP)
Price$2.17Cached quote
Net income
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.4M | $69.7M | $102.4M | $81.9M | $104.5M | $103.9M | $105.7M | $96.6M | $121.3M | $85.3M |
| Gross profit | $5.5M | −$22.0M | −$21.8M | −$13.3M | $14.0M | $21.0M | $22.3M | $29.7M | $41.6M | $24.2M |
| Gross margin | 5.50% | −31.52% | −21.33% | −16.26% | 13.41% | 20.20% | 21.13% | 30.72% | 34.30% | 28.36% |
| Research & development | $58.7M | $94.5M | $98.3M | $89.7M | $62.2M | $35.5M | $25.3M | $27.0M | $25.0M | $19.8M |
| Operating expenses | $108.9M | $161.3M | $141.1M | $132.0M | $102.1M | $60.7M | $47.8M | $50.5M | $46.5M | $42.3M |
| Operating income | −$103.5M | −$183.3M | −$162.9M | −$145.3M | −$88.1M | −$39.8M | −$25.4M | −$20.8M | −$4.9M | −$18.1M |
| Operating margin | −104.11% | −262.87% | −159.14% | −177.53% | −84.31% | −38.28% | −24.07% | −21.53% | −4.02% | −21.19% |
| EBITDA | −$99.3M | −$171.3M | −$149.4M | −$131.6M | −$78.4M | −$32.2M | −$17.9M | −$15.8M | $187,000 | −$13.5M |
| EBITDA margin | −99.96% | −245.70% | −145.92% | −160.71% | −74.97% | −31.00% | −16.96% | −16.34% | 0.15% | −15.86% |
| Net income | −$90.9M | −$324.2M | −$177.7M | −$173.5M | −$114.2M | −$51.4M | −$39.0M | −$27.3M | −$8.0M | −$21.7M |
| Net profit margin | −91.49% | −464.99% | −173.61% | −211.94% | −109.31% | −49.46% | −36.94% | −28.29% | −6.64% | −25.43% |
| Basic EPSper basic share | -$0.30 | -$1.08 | -$0.59 | -$0.58 | -$0.39 | -$0.21 | -$0.17 | -$0.15 | -$0.05 | -$0.13 |
| Diluted EPSper diluted share | -$0.30 | -$1.08 | -$0.59 | -$0.58 | -$0.39 | -$0.21 | -$0.17 | -$0.15 | -$0.05 | -$0.13 |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
MORGAN STANLEY | 12.39M |
TWO SIGMA INVESTMENTS, LP | 10.83M |
D. E. Shaw & Co., Inc. | 9.8M |
Legal & General Group Plc | 7.22M |
ACADIAN ASSET MANAGEMENT LLC | 4.5M |
RENAISSANCE TECHNOLOGIES LLC | 4.34M |
STATE STREET CORP | 4.29M |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3.15M |
UBS Group AG | 2.94M |
JANE STREET GROUP, LLC | 2.93M |
CITADEL ADVISORS LLC | 2.76M |
Invesco Ltd. | 2.66M |
DIMENSIONAL FUND ADVISORS LP | 2M |
BNP PARIBAS FINANCIAL MARKETS | 1.85M |
VAN ECK ASSOCIATES CORP | 1.74M |
Hillsdale Investment Management Inc. | 1.69M |
MILLENNIUM MANAGEMENT LLC | 1.66M |
Qube Research & Technologies Ltd | 1.62M |
SG Americas Securities, LLC | 1.42M |
CANADA LIFE ASSURANCE Co | 1.31M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data