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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Dominari Holdings Inc. (DOMH). Click either name above to swap in a different company.
Dominari Holdings Inc. is the larger business by last-quarter revenue ($30.1M vs $17.7M, roughly 1.7× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs -438.1%, a 1432.5% gap on every dollar of revenue.
Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products for markets such as heavy-duty motive, portable power, material handling as well as engineering services. Ballard has designed and shipped over 400 MW of fuel cell products to date.
BLDP vs DOMH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.7M | $30.1M |
| Net Profit | $176.5M | $-131.8M |
| Gross Margin | — | — |
| Operating Margin | — | -8.9% |
| Net Margin | 994.4% | -438.1% |
| Revenue YoY | — | 220.4% |
| Net Profit YoY | — | -12426.2% |
| EPS (diluted) | — | $-6.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $30.1M | ||
| Q3 25 | $17.7M | $50.8M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $9.4M | ||
| Q3 24 | $-12.3M | $4.0M | ||
| Q2 24 | — | $6.2M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | $-131.8M | ||
| Q3 25 | $176.5M | $125.2M | ||
| Q2 25 | — | $16.6M | ||
| Q1 25 | — | $-32.5M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-6.1M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 156.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -8.9% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -57.0% | ||
| Q1 25 | — | -394.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | -79.1% | ||
| Q2 24 | — | -44.3% | ||
| Q1 24 | — | -205.2% |
| Q4 25 | — | -438.1% | ||
| Q3 25 | 994.4% | 246.4% | ||
| Q2 25 | — | 48.7% | ||
| Q1 25 | — | -400.5% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | -104.2% | ||
| Q2 24 | — | -99.1% | ||
| Q1 24 | — | -398.0% |
| Q4 25 | — | $-6.94 | ||
| Q3 25 | — | $7.27 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $-3.02 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $-0.67 | ||
| Q2 24 | — | $-1.01 | ||
| Q1 24 | — | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $80.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $69.4M |
| Total Assets | — | $112.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $80.5M | ||
| Q3 25 | — | $176.2M | ||
| Q2 25 | — | $28.2M | ||
| Q1 25 | — | $18.9M | ||
| Q4 24 | — | $8.2M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $12.1M | ||
| Q1 24 | — | $7.1M |
| Q4 25 | — | $69.4M | ||
| Q3 25 | — | $210.2M | ||
| Q2 25 | — | $88.6M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | — | $39.9M | ||
| Q3 24 | — | $38.3M | ||
| Q2 24 | — | $42.4M | ||
| Q1 24 | — | $47.7M |
| Q4 25 | — | $112.9M | ||
| Q3 25 | — | $223.4M | ||
| Q2 25 | — | $109.3M | ||
| Q1 25 | — | $52.3M | ||
| Q4 24 | — | $47.1M | ||
| Q3 24 | — | $43.4M | ||
| Q2 24 | — | $49.1M | ||
| Q1 24 | — | $52.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.7M | $22.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.7M | ||
| Q3 25 | $5.7M | $-4.9M | ||
| Q2 25 | — | $-353.0K | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $-16.7M | ||
| Q3 24 | $-6.6M | $-4.7M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $-8.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | -0.04× | ||
| Q2 25 | — | -0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -15.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLDP
Segment breakdown not available.
DOMH
| Chief Operating Decision Maker | $30.1M | 100% |
| Commissions | $458.0K | 2% |
