Ballard Power Systems (BLDP)
Supplies PEM fuel-cell products for heavy-duty mobility and stationary power.
$2.21
vs last close−0.01 (−0.45%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 46 | 14 | 16 | 15 | 25 | 15 | 18 | 33 | 34 | 19 | 20 |
| Cost of revenue | 30 | 56 | 20 | 21 | 23 | 28 | 19 | 19 | 28 | 28 | 17 | 16 |
| Gross profit | −3 | −10 | −5 | −5 | −8 | −3 | −4 | −1 | 5 | 6 | 3 | 4 |
| 35 | 30 | 37 | 36 | 55 | 33 | 25 | 32 | 35 | 17 | 16 | 16 | |
| Research & development | 24 | 20 | 25 | 26 | 24 | 20 | 18 | 18 | 12 | 11 | 9 | 10 |
| 11 | 7 | 10 | 11 | 7 | 9 | 7 | 7 | 6 | 6 | 6 | 6 | |
| Selling & marketing | 4 | 4 | 3 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
| General & administrative | 7 | 4 | 7 | 6 | 4 | 6 | 5 | 5 | 4 | 5 | 5 | 5 |
| Other expenses | 0 | 2 | 2 | 0 | 24 | 4 | 0 | 6 | 18 | 0 | 0 | 0 |
| Operating income | −38 | −40 | −42 | −41 | −63 | −36 | −29 | −33 | −30 | −12 | −13 | −12 |
| 3 | 22 | 1 | 10 | −142 | −10 | 8 | 9 | 2 | −6 | 2 | −7 | |
| Interest income | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −3 | −23 | 0 | 0 | 141 | 10 | −9 | −9 | −2 | 5 | −2 | 0 |
| Income before tax | −35 | −18 | −41 | −31 | −205 | −46 | −21 | −24 | −28 | −18 | −11 | −20 |
| Income tax expense | 0 | 0 | 0 | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | −35 | −18 | −41 | −31 | −205 | −46 | −21 | −24 | −28 | −18 | −11 | −20 |
| Discontinued operations | −28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other adjustments | 0 | −34 | 0 | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −62 | −51 | −41 | −31 | −205 | −46 | −21 | −24 | −28 | −18 | −11 | −20 |
| EPS, basic | −$0.21 | −$0.18 | −$0.14 | −$0.11 | −$0.68 | −$0.15 | −$0.07 | −$0.08 | −$0.09 | −$0.06 | −$0.04 | −$0.07 |
| EPS, diluted | −$0.21 | −$0.18 | −$0.14 | −$0.11 | −$0.68 | −$0.15 | −$0.07 | −$0.08 | −$0.09 | −$0.06 | −$0.04 | −$0.07 |
| Weighted average shares, basic | 299 | 299 | 299 | 299 | 299 | 299 | 300 | 300 | 301 | 292 | 301 | 301 |
| Weighted average shares, diluted | 299 | 299 | 299 | 299 | 299 | 299 | 300 | 300 | 301 | 292 | 301 | 301 |
| EBITDA | −31 | −14 | −39 | −38 | −201 | −45 | −20 | −23 | −27 | −16 | −10 | −11 |
| Depreciation & amortization | 3 | 4 | 3 | 3 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBIT | −34 | −18 | −42 | −41 | −204 | −46 | −21 | −24 | −28 | −17 | −11 | −12 |
