---
title: "Ballard Power (BLDP.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/BLDP.US/norm.md"
symbol: "BLDP.US"
name: "Ballard Power"
parent: "https://longbridge.com/en/quote/BLDP.US.md"
datetime: "2026-05-21T05:24:18.131Z"
locales:
  - [en](https://longbridge.com/en/quote/BLDP.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/BLDP.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/BLDP.US/norm.md)
---

# Ballard Power (BLDP.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0379 | - | -0.0934 | -0.0810 | -0.0702 |
| ROE | -7.80% | - | -18.07% | -15.06% | -12.68% |
| Revenue | 19.42M | - | 32.50M | 17.84M | 15.39M |
| Net income | -11.39M | - | -28.07M | -24.28M | -21.04M |
| Operating income | -13.07M | - | -12.33M | -27.35M | -28.83M |
| Gross margin | 14.23% | - | 15.27% | -8.38% | -23.45% |
| Net margin | -58.66% | - | -86.37% | -136.08% | -136.69% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 663.10M | 682.39M | 710.46M | 735.86M | 756.61M |
| Leverage | 1.15 | 1.16 | 1.17 | 1.16 | 1.16 |
| BVPS | 1.92 | 1.96 | 2.02 | 2.12 | 2.18 |
| Turnover | 0.1457 | 0.1362 | 0.1171 | 0.0825 | 0.0782 |
| Cash & STI | 520.86M | 531.25M | 527.85M | 552.14M | 578.80M |
| Inv & Rec | 43.80M | 43.77M | 59.87M | 68.87M | 65.12M |
| LT assets | 31.52M | 32.20M | 30.29M | 28.90M | 29.56M |
| Net debt | -499.93M | -509.11M | -505.29M | -528.42M | -555.54M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -7.81M | - | -22.86M | -20.34M | -24.40M |
| Investing CF | -1.40M | - | -1.43M | -7.05M | -2.73M |
| Financing CF | -831000.00 | - | -740000.00 | -797000.00 | -689000.00 |
| Free CF | -5.77M | - | -3.66M | -20.71M | -22.05M |
| OCF coverage | -550.07% | - | -1069.58% | -670.46% | -782.40% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -589000.00 | - | -1.40M | -2.24M | -2.43M |