Bloom Energy (BE)

NYSE Industrials Electrical Components & Equipment S&P 500

$173.24

+5.72 (+3.41%)

Close of Nov 06, 2026 · end-of-day data

Source: Bloom Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$208.54M	$365.62M	$575.12M	$724.79M	$731.22M	$906.86M	$1.14B	$1.27B	$1.44B	$2.00B
Cost of revenue	$312.03M	$381.93M	$526.90M	$687.59M	$628.45M	$774.60M	$1.05B	$1.14B	$1.07B	$1.44B
Gross profit	-$103.49M	-$16.31M	$105.75M	$97.59M	$165.79M	$197.58M	$148.29M	$197.79M	$404.65M	$587.40M
Research & development	$46.85M	$51.15M	$89.14M	$104.17M	$83.58M	$103.40M	$150.61M	$155.87M	$148.63M	$185.99M
Operating income	-$240.98M	-$155.07M	-$165.01M	-$232.80M	-$80.78M	-$114.50M	-$260.99M	-$208.91M	$22.91M	$72.80M
Interest expense	$81.20M	$124.30M	$105.90M	$94.20M	$78.80M	$69.00M	$53.50M	$108.30M	$62.60M	$53.89M
Pre-tax income	-$335.59M	-$294.39M	-$289.74M	-$322.83M	-$178.83M	-$192.32M	-$313.99M	-$306.04M	-$26.36M	-$84.40M
Income tax	$729.00K	$636.00K	$1.54M	$633.00K	$256.00K	$1.05M	$1.10M	$1.89M	$846.00K	$2.74M
Net income	-$279.66M	-$276.36M	-$273.54M	-$304.41M	-$157.55M	-$164.44M	-$301.71M	-$302.12M	-$27.20M	-$87.14M
EBITDA	-$197.88M	-$100.70M	-$111.12M	-$154.22M	-$28.51M	-$61.05M	-$199.38M	-$146.30M	$75.96M	$123.37M
EPS (basic)	$-27.84	$-26.97	$-5.14	$-2.67	$-1.14	$-0.95	$-1.62	$-1.42	$-0.13	$-0.37
EPS (diluted)	$-27.84	$-26.97	$-5.14	$-2.67	$-1.14	$-0.95	$-1.62	$-1.42	$-0.13	$-0.37
Diluted shares	10.05M	10.25M	53.27M	115.12M	138.72M	173.44M	185.91M	212.68M	227.37M	240.40M
Gross margin	-49.6%	-4.5%	18.4%	13.5%	22.7%	21.8%	13.1%	15.6%	28.1%	29.3%
Operating margin	-115.6%	-42.4%	-28.7%	-32.1%	-11.0%	-12.6%	-23.0%	-16.5%	1.6%	3.6%
Net margin	-134.1%	-75.6%	-47.6%	-42.0%	-21.5%	-18.1%	-26.6%	-23.8%	-1.9%	-4.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$217.91M	$103.83M	$220.73M	$202.82M	$246.95M	$396.04M	$348.50M	$664.59M	$802.85M	$2.45B
Short-term investments	—	$26.82M	$104.35M	$0	—	—	—	—	—	—
Receivables	—	$30.32M	$88.78M	$37.83M	$96.19M	$87.79M	$251.00M	$340.74M	$335.84M	$371.80M
Inventory	—	$90.26M	$135.26M	$109.61M	$142.06M	$143.37M	$268.39M	$502.51M	$544.66M	$643.31M
Total current assets	—	$419.98M	$663.93M	$472.71M	$618.60M	$806.42M	$1.06B	$1.69B	$2.04B	$3.73B
Goodwill	—	—	—	—	$0	$1.96M	—	—	—	—
Total assets	—	$1.22B	$1.52B	$1.32B	$1.45B	$1.73B	$1.95B	$2.41B	$2.66B	$4.40B
Total current liabilities	—	$271.28M	$257.30M	$573.96M	$436.38M	$342.48M	$541.95M	$470.42M	$636.76M	$623.83M
Short-term debt	—	$20.14M	$29.85M	$337.58M	$120.85M	$25.83M	$26.02M	$0	$114.39M	$4.15M
Long-term debt	—	$921.21M	$711.43M	$299.23M	$270.05M	$500.90M	$385.56M	$846.63M	$1.01B	$2.61B
Total debt	—	$941.34M	$741.28M	$636.81M	$390.90M	$526.73M	$411.58M	$846.63M	$1.13B	$2.62B
Total liabilities	—	$1.72B	$1.48B	$1.49B	$1.31B	$1.52B	$1.57B	$1.89B	$2.07B	$3.60B
Shareholders' equity	-$1.72B	-$2.18B	-$142.61M	-$259.59M	$78.82M	-$44.33M	$340.78M	$502.08M	$562.47M	$768.64M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$282.83M	-$91.97M	-$91.95M	$163.77M	-$98.80M	-$60.68M	-$191.72M	-$372.53M	$92.00M	$113.95M
Capital expenditures	$8.98M	$61.45M	$45.20M	$51.05M	$37.91M	$49.81M	$116.82M	$83.74M	$58.85M	$56.76M
Free cash flow	-$291.81M	-$153.42M	-$137.15M	$112.72M	-$136.71M	-$110.49M	-$308.55M	-$456.27M	$33.15M	$57.19M
Investing cash flow	-$8.98M	-$88.25M	-$125.38M	$53.45M	-$37.91M	-$46.70M	-$116.82M	-$83.72M	-$58.78M	-$93.12M
Financing cash flow	$283.38M	$142.91M	$317.20M	-$120.31M	$176.03M	$306.38M	$211.36M	$683.35M	$175.21M	$1.51B
Dividends paid	—	—	—	—	—	—	$0	$0	$1.47M	$947.00K
Stock-based compensation	$28.20M	$30.50M	$180.30M	—	—	—	—	—	—	—
Depreciation & amortization	$43.10M	$54.38M	$53.89M	$78.58M	$52.28M	$53.45M	$61.61M	$62.61M	$53.05M	$50.57M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$341.28M	$226.09M	$326.46M	$321.80M	$566.96M	$319.26M	$396.26M	$513.33M	$772.76M	$746.40M	$1.06B	$1.23B
Cost of revenue	$264.52M	$197.22M	$267.25M	$251.66M	$353.08M	$237.31M	$294.12M	$367.37M	$537.79M	$525.51M	$709.79M	$818.73M
Gross profit	$92.39M	$38.08M	$68.52M	$78.73M	$219.32M	$88.71M	$107.12M	$151.68M	$239.90M	$225.54M	$355.57M	$417.10M
Research & development	$33.56M	$35.48M	$37.36M	$36.31M	$39.47M	$40.61M	$40.77M	$48.72M	$55.89M	$56.85M	$58.87M	$64.15M
Operating income	$12.94M	-$49.02M	-$23.13M	-$9.65M	$104.71M	-$19.07M	-$3.50M	$7.85M	$87.53M	$72.19M	$182.24M	$225.45M
Interest expense	$14.60M	$14.55M	$15.38M	$16.76M	$15.95M	$14.41M	$14.44M	$14.39M	$10.65M	$8.60M	$8.91M	$7.53M
Pre-tax income	$4.93M	-$57.04M	-$60.33M	-$14.52M	$105.54M	-$22.98M	-$41.17M	-$22.62M	$2.38M	$74.14M	$200.33M	$249.79M
Income tax	$811.00K	-$501.00K	$856.00K	$109.00K	$382.00K	$431.00K	$1.02M	$336.00K	$952.00K	$445.00K	$1.47M	$817.00K
Net income	$4.12M	-$56.54M	-$61.19M	-$14.63M	$105.16M	-$23.81M	-$42.62M	-$23.09M	$1.43M	$70.65M	$196.29M	$250.27M
EBITDA	$25.26M	-$36.50M	-$9.72M	$3.59M	$118.59M	-$7.08M	$9.09M	$20.65M	$100.71M	$85.47M	$195.98M	$239.25M
EPS (basic)	$0.05	$-0.25	$-0.27	$-60.00	$589.87	$-0.10	$-0.18	$-0.10	$0.01	$0.25	$0.68	$0.85
EPS (diluted)	$0.05	$-0.25	$-0.27	$-60.00	$589.87	$-0.10	$-0.18	$-0.10	$0.01	$0.23	$0.62	$0.78
Diluted shares	3.88M	225.59M	227.17M	227.96M	458.00K	230.21M	232.54M	234.93M	7.82M	319.71M	323.33M	324.29M
Gross margin	27.1%	16.8%	21.0%	24.5%	38.7%	27.8%	27.0%	29.5%	31.0%	30.2%	33.5%	33.9%
Operating margin	3.8%	-21.7%	-7.1%	-3.0%	18.5%	-6.0%	-0.9%	1.5%	11.3%	9.7%	17.2%	18.3%
Net margin	1.2%	-25.0%	-18.7%	-4.5%	18.5%	-7.5%	-10.8%	-4.5%	0.2%	9.5%	18.5%	20.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$664.59M	$515.96M	$581.68M	$495.68M	$802.85M	$794.75M	$574.76M	$595.05M	$2.45B	$2.49B	$2.67B	$2.49B
Receivables	$340.74M	$348.42M	$524.00M	$590.79M	$335.84M	$333.98M	$467.04M	$411.65M	$371.80M	$359.41M	$458.13M	$634.74M
Inventory	$502.51M	$526.35M	$520.22M	$584.48M	$544.66M	$612.50M	$689.96M	$705.00M	$643.31M	$732.53M	$758.19M	$927.67M
Total current assets	$1.69B	$1.58B	$1.83B	$1.90B	$2.04B	$2.01B	$1.93B	$2.05B	$3.73B	$3.95B	$4.59B	$5.21B
Total assets	$2.41B	$2.29B	$2.55B	$2.60B	$2.66B	$2.61B	$2.53B	$2.64B	$4.40B	$4.66B	$5.63B	$6.57B
Total current liabilities	$470.42M	$354.67M	$393.48M	$566.92M	$636.76M	$584.42M	$387.34M	$465.95M	$623.83M	$786.80M	$1.12B	$1.39B
Short-term debt	$0	$0	$0	$114.14M	$114.39M	$114.63M	$3.71M	$1.42M	$4.15M	$3.96M	$7.27M	$2.95M
Long-term debt	$846.63M	$847.93M	$1.13B	$1.01B	$1.01B	$1.02B	$1.13B	$1.13B	$2.61B	$2.60B	$2.47B	$2.47B
Total debt	$846.63M	$847.93M	$1.13B	$1.13B	$1.13B	$1.13B	$1.13B	$1.13B	$2.62B	$2.60B	$2.48B	$2.48B
Total liabilities	$1.89B	$1.80B	$2.10B	$2.15B	$2.07B	$2.01B	$1.91B	$1.96B	$3.60B	$3.72B	$3.99B	$4.61B
Shareholders' equity	$502.08M	$466.12M	$423.25M	$430.94M	$562.47M	$578.27M	$594.58M	$653.07M	$768.64M	$921.47M	$1.61B	$1.93B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$121.83M	-$147.27M	-$175.50M	-$69.47M	$484.23M	-$110.68M	-$213.11M	$19.67M	$418.07M	$73.61M	$226.43M	-$27.15M
Capital expenditures	$16.25M	$21.43M	$12.02M	$14.29M	$11.11M	$14.26M	$7.25M	$12.30M	$22.95M	$26.18M	$51.64M	$153.49M
Free cash flow	$105.58M	-$168.70M	-$187.51M	-$83.76M	$473.12M	-$124.94M	-$220.36M	$7.37M	$395.12M	$47.43M	$174.79M	-$180.63M
Investing cash flow	-$16.24M	-$21.43M	-$12.00M	-$14.28M	-$11.07M	-$14.22M	-$7.21M	-$36.87M	-$34.82M	-$45.94M	-$54.55M	-$157.21M
Financing cash flow	$1.19M	$7.15M	$242.84M	-$5.60M	-$69.18M	$5.13M	-$7.06M	$39.41M	$1.47B	$7.06M	$1.23M	$5.37M
Dividends paid	$0	—	—	$0	$0	—	—	$0	$0	—	—	$0
Depreciation & amortization	$12.33M	$12.52M	$13.41M	$13.24M	$13.88M	$11.99M	$12.60M	$12.80M	$13.18M	$13.28M	$13.75M	$13.80M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.