# Ballard Power Systems Inc.: overview BLDP · Nasdaq · CIK 1453015 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/bldp.md) · [Financials](/companies/bldp/financials.md) · [Filings](/companies/bldp/filings.md) · [Insiders](/companies/bldp/insiders.md) Revenue is not reported in this company’s XBRL financial statements. ## Last eight quarters Not reported. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [105](/filings/0001453015-23-000011.md) | [81.9](/filings/0001453015-24-000002.md) | [102](/filings/0001453015-25-000003.md) | [69.7](/filings/0001628280-26-017045.md) | [99.4](/filings/0001628280-26-017045.md) | | Gross margin | % | [13.4%](/filings/0001453015-23-000011.md) | [(16.3%)](/filings/0001453015-24-000002.md) | [(21.3%)](/filings/0001453015-25-000003.md) | [(31.5%)](/filings/0001628280-26-017045.md) | [5.5%](/filings/0001628280-26-017045.md) | | Operating margin | % | [(84.3%)](/filings/0001453015-23-000011.md) | [(177.5%)](/filings/0001453015-24-000002.md) | [(159.1%)](/filings/0001453015-25-000003.md) | [(262.9%)](/filings/0001628280-26-017045.md) | [(104.1%)](/filings/0001628280-26-017045.md) | | Net margin | % | [(109.3%)](/filings/0001453015-23-000011.md) | [(211.9%)](/filings/0001453015-24-000002.md) | [(173.6%)](/filings/0001453015-25-000003.md) | [(465.0%)](/filings/0001628280-26-017045.md) | [(91.5%)](/filings/0001628280-26-017045.md) | | Diluted EPS | $ per share | [(0.39)](/filings/0001453015-23-000011.md) | [(0.58)](/filings/0001453015-24-000002.md) | [(0.59)](/filings/0001453015-25-000003.md) | [(1.08)](/filings/0001628280-26-017045.md) | [(0.30)](/filings/0001628280-26-017045.md) | | Free cash flow | $m | [(93.6)](/filings/0001453015-23-000011.md) | [(166)](/filings/0001453015-24-000002.md) | [(146)](/filings/0001453015-25-000003.md) | [(134)](/filings/0001628280-26-017045.md) | [(66.0)](/filings/0001628280-26-017045.md) | - Revenue. XBRL Revenue: ifrs-full:RevenueFromContractsWithCustomers. - Gross margin (gross profit / revenue). XBRL Gross profit: ifrs-full:GrossProfit; Revenue: ifrs-full:RevenueFromContractsWithCustomers. - Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:RevenueFromContractsWithCustomers. - Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLoss; Revenue: ifrs-full:RevenueFromContractsWithCustomers. - Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bldp/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $48.2m | 12,391,499 | | Added +305,120 | | [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $42.1m | 10,830,028 | | Reduced −1,513,124 | | [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $38.1m | 9,804,394 | | Added +1,521,542 | | [Legal & General Group Plc](/funds/764068.md) | 2026-06-30 | $28.1m | 7,221,949 | | Added +827,698 | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $16.9m | 4,344,197 | | Added +3,781,303 | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $16.7m | 4,288,578 | | Reduced −677,752 | | [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $12.2m | 3,145,643 | | Added +363,059 | | [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $11.4m | 2,936,009 | | Reduced −2,910,771 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $11.4m | 2,930,645 | | Added +2,112,603 | | [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $10.7m | 2,758,179 | | Reduced −130,854 | ## Recent filings [All 864 filings](/companies/bldp/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-28 | 07:46 ET | [6-K](/filings/0001279569-26-001008.md) | Report of a foreign private issuer, period 2026-10-28 | 0001279569-26-001008 | | 2026-10-22 | 08:38 ET | [6-K](/filings/0001279569-26-000997.md) | Report of a foreign private issuer, period 2026-10-22 | 0001279569-26-000997 | | 2026-10-21 | 08:48 ET | [6-K](/filings/0001279569-26-000991.md) | Report of a foreign private issuer, period 2026-10-21 | 0001279569-26-000991 | | 2026-10-20 | 11:45 ET | [6-K](/filings/0001279569-26-000984.md) | Report of a foreign private issuer, period 2026-10-16 | 0001279569-26-000984 | | 2026-10-07 | 06:44 ET | [6-K](/filings/0001279569-26-000957.md) | Report of a foreign private issuer, period 2026-10-06 | 0001279569-26-000957 | | 2026-10-02 | 21:56 ET | [6-K](/filings/0001279569-26-000942.md) | Report of a foreign private issuer, period 2026-10-01 | 0001279569-26-000942 | | 2026-08-28 | 09:59 ET | [6-K](/filings/0001279569-26-000834.md) | Report of a foreign private issuer, period 2026-08-28 | 0001279569-26-000834 | | 2026-07-31 | 08:32 ET | [6-K](/filings/0001628280-26-051245.md) | Report of a foreign private issuer, period 2026-06-30 | 0001628280-26-051245 | | 2026-07-31 | 08:02 ET | [6-K](/filings/0001279569-26-000723.md) | Report of a foreign private issuer, period 2026-07-31 | 0001279569-26-000723 | | 2026-07-07 | 12:41 ET | [6-K](/filings/0001206774-26-000351.md) | Report of a foreign private issuer, period 2026-06-30 | 0001206774-26-000351 | ## Latest annual report [Form 40-F for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-017045.md), filed Mar 12, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1453015 - Tickers: BLDP - Exchange: Nasdaq - SIC code: 3620 Electrical Industrial Apparatus - State of incorporation: not reported - Filer category: not reported Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 28, 2026, 07:47 ET. No prices; not investment advice.