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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Open Lending Corp (LPRO). Click either name above to swap in a different company.

Open Lending Corp is the larger business by last-quarter revenue ($19.3M vs $17.7M, roughly 1.1× Ballard Power Systems Inc.).

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.

Open Library is an online project intended to create "one web page for every book ever published". Created by Aaron Swartz, Brewster Kahle, Alexis Rossi, Anand Chitipothu, and Rebecca Hargrave Malamud, Open Library is a project of the Internet Archive, a nonprofit organization. It has been funded in part by grants from the California State Library and the Kahle/Austin Foundation. Open Library provides online digital copies in multiple formats, created from images of many public domain, out-of...

BLDP vs LPRO — Head-to-Head

Bigger by revenue
LPRO
LPRO
1.1× larger
LPRO
$19.3M
$17.7M
BLDP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
LPRO
LPRO
Revenue
$17.7M
$19.3M
Net Profit
$176.5M
Gross Margin
76.0%
Operating Margin
3.9%
Net Margin
994.4%
Revenue YoY
134.0%
Net Profit YoY
EPS (diluted)
$-0.00

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.

Revenue
BLDP
BLDP
LPRO
LPRO
Q4 25
$19.3M
Q3 25
$17.7M
$24.2M
Q2 25
$25.3M
Q1 25
$24.4M
Q4 24
$-56.9M
Q3 24
$-12.3M
$23.5M
Q2 24
$26.7M
Q1 24
$30.7M
Net Profit
BLDP
BLDP
LPRO
LPRO
Q4 25
Q3 25
$176.5M
$-7.6M
Q2 25
$1.0M
Q1 25
$617.0K
Q4 24
Q3 24
$1.4M
Q2 24
$2.9M
Q1 24
$5.1M
Gross Margin
BLDP
BLDP
LPRO
LPRO
Q4 25
76.0%
Q3 25
78.0%
Q2 25
78.2%
Q1 25
75.1%
Q4 24
111.0%
Q3 24
156.5%
73.9%
Q2 24
78.6%
Q1 24
81.3%
Operating Margin
BLDP
BLDP
LPRO
LPRO
Q4 25
3.9%
Q3 25
-31.9%
Q2 25
4.6%
Q1 25
3.1%
Q4 24
138.0%
Q3 24
7.9%
Q2 24
14.9%
Q1 24
23.8%
Net Margin
BLDP
BLDP
LPRO
LPRO
Q4 25
Q3 25
994.4%
-31.3%
Q2 25
4.1%
Q1 25
2.5%
Q4 24
Q3 24
6.1%
Q2 24
10.9%
Q1 24
16.5%
EPS (diluted)
BLDP
BLDP
LPRO
LPRO
Q4 25
$-0.00
Q3 25
$-0.06
Q2 25
$0.01
Q1 25
$0.01
Q4 24
$-1.20
Q3 24
$0.01
Q2 24
$0.02
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLDP
BLDP
LPRO
LPRO
Cash + ST InvestmentsLiquidity on hand
$176.6M
Total DebtLower is stronger
$84.8M
Stockholders' EquityBook value
$75.0M
Total Assets
$236.7M
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
LPRO
LPRO
Q4 25
$176.6M
Q3 25
$222.1M
Q2 25
$230.7M
Q1 25
$236.2M
Q4 24
$243.2M
Q3 24
$250.2M
Q2 24
$248.0M
Q1 24
$247.0M
Total Debt
BLDP
BLDP
LPRO
LPRO
Q4 25
$84.8M
Q3 25
$134.4M
Q2 25
$136.1M
Q1 25
$137.9M
Q4 24
$139.7M
Q3 24
$141.5M
Q2 24
$143.3M
Q1 24
$143.2M
Stockholders' Equity
BLDP
BLDP
LPRO
LPRO
Q4 25
$75.0M
Q3 25
$72.8M
Q2 25
$78.9M
Q1 25
$79.8M
Q4 24
$78.1M
Q3 24
$220.5M
Q2 24
$216.8M
Q1 24
$211.5M
Total Assets
BLDP
BLDP
LPRO
LPRO
Q4 25
$236.7M
Q3 25
$287.7M
Q2 25
$296.7M
Q1 25
$304.2M
Q4 24
$296.4M
Q3 24
$395.7M
Q2 24
$382.8M
Q1 24
$380.6M
Debt / Equity
BLDP
BLDP
LPRO
LPRO
Q4 25
1.13×
Q3 25
1.84×
Q2 25
1.72×
Q1 25
1.73×
Q4 24
1.79×
Q3 24
0.64×
Q2 24
0.66×
Q1 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLDP
BLDP
LPRO
LPRO
Operating Cash FlowLast quarter
$5.7M
$-3.2M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-16.8%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
LPRO
LPRO
Q4 25
$-3.2M
Q3 25
$5.7M
$-5.7M
Q2 25
$848.0K
Q1 25
$-3.8M
Q4 24
$17.6M
Q3 24
$-6.6M
$11.4M
Q2 24
$-1.4M
Q1 24
$11.0M
Free Cash Flow
BLDP
BLDP
LPRO
LPRO
Q4 25
$-3.3M
Q3 25
Q2 25
$837.0K
Q1 25
$-3.9M
Q4 24
$17.4M
Q3 24
$11.3M
Q2 24
$-1.5M
Q1 24
FCF Margin
BLDP
BLDP
LPRO
LPRO
Q4 25
-16.8%
Q3 25
Q2 25
3.3%
Q1 25
-15.9%
Q4 24
-30.6%
Q3 24
48.0%
Q2 24
-5.5%
Q1 24
Capex Intensity
BLDP
BLDP
LPRO
LPRO
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.2%
Q4 24
-0.3%
Q3 24
0.5%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
BLDP
BLDP
LPRO
LPRO
Q4 25
Q3 25
0.03×
Q2 25
0.82×
Q1 25
-6.22×
Q4 24
Q3 24
7.92×
Q2 24
-0.48×
Q1 24
2.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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