Financials in CAD. Standardized financial statements.
A compact view of how Ballard Power Systems Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $101.14M | $69.73M | $102.37M | $83.80M | $104.50M | $103.88M | $106.33M | $96.59M | $121.29M | $85.27M |
| Revenue Growth? | +45.0% | -31.9% | +22.2% | -19.8% | +0.6% | -2.3% | +10.1% | -20.4% | +42.2% | 0.0% |
| Cost of Revenue? | $98.71M | $91.71M | $124.20M | $96.88M | $90.49M | $82.89M | $83.73M | $66.91M | $79.69M | $61.09M |
| Gross Profit? | $2.40M | -$21.98M | -$21.83M | -$13.08M | $14.01M | $20.98M | $22.59M | $29.67M | $41.60M | $24.18M |
| Gross Margin? | +2.4% | -31.5% | -21.3% | -15.6% | +13.4% | +20.2% | +21.3% | +30.7% | +34.3% | +28.4% |
| Operating Expenses? | $83.91M | $161.32M | $141.07M | $145.80M | $101.99M | $62.14M | $48.38M | $50.21M | $45.92M | $40.32M |
| Operating Income? | -$81.51M | -$183.30M | -$162.90M | -$158.90M | -$87.97M | -$41.16M | -$25.79M | -$20.54M | -$4.88M | -$18.07M |
| EBITDA? | -$77.38M | -$309.29M | -$129.42M | -$145.10M | -$103.32M | -$40.20M | -$26.32M | -$16.68M | $638,000 | -$16.08M |
| Income Before Tax | -$92.45M | -$323.41M | -$144.05M | -$177.03M | -$114.61M | -$49.34M | -$39.03M | -$26.95M | -$6.48M | -$21.31M |
| Income Tax Expense | $51,892 | $121,000 | $158,000 | -$3.54M | -$216,000 | $130,000 | $20,000 | $370,000 | $1.57M | $381,000 |
| Net Income? | -$92.49M | -$324.25M | -$177.72M | -$173.49M | -$114.40M | -$49.47M | -$39.05M | -$27.32M | -$8.05M | -$21.69M |
| EPS? | $-0.31 | $-1.08 | $-0.39 | $-0.58 | $-0.39 | $-0.20 | $-0.17 | $-0.15 | $-0.05 | $-0.13 |
| Diluted EPS? | $-0.31 | $-1.08 | $-0.48 | $-0.58 | $-0.39 | $-0.20 | $-0.17 | $-0.15 | $-0.05 | $-0.13 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality