Technology · Electronic Production Equipment

Bloom Energy Corp

NYSEBE ISINUS0937121079 SEC CIK0001664703 Listed on NYSE · USD

$201.39 -8.09 (-3.86%) Pre-market $194.99 (-6.91%) ≈ ₹18,901 a share

Open chart

Price, last 12 months+54.92% in a year

Key numbers

Market value: $59.54B
P/E (TTM): 124.9
Forward P/E: 50.3
EPS (TTM): $1.61
Dividend yield: —
Beta: 3.62
Day range: $193.44 – $203.19
52-week range: $75.70 – $351.28
Volume: 5,996,518
10-day avg volume: $19.03M
Revenue (TTM): $3.83B
EBITDA (TTM): $623.22M
Gross margin: 32.3%
Net margin: 13.7%
Return on equity: 40.1%
Debt / equity: 137.6%
Price / sales: 15.55
Shares out: 295.66M

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$356.92M$12.94M$4.12M

Dec 23

$235.30M$-49.02M$-56.54M

Mar 24

$335.77M$-23.13M$-61.19M

Jun 24

$330.40M$-9.65M$-14.63M

Sep 24

$572.39M$104.71M$105.16M

Dec 24

$326.02M$-19.07M$-23.41M

Mar 25

$401.24M$-3.50M$-42.19M

Jun 25

$519.05M$7.85M$-22.96M

Sep 25

$777.68M$87.53M$1.43M

Dec 25

$751.05M$72.19M$73.69M

Mar 26

$1.07B$182.24M$198.86M

Jun 26

$1.24B$225.45M$248.98M

Sep 26

Revenue · QoQ (vs last quarter)

—-34%+43%-1.6%+73%-43%+23%+29%+50%-3.4%+42%+16%

Revenue · YoY (vs a year ago)

————+60%+39%+20%+57%+36%+130%+166%+138%

Net income · QoQ (vs last quarter)

—-1,473%-8.2%+76%+819%-122%-80%+46%+106%+5,068%+170%+25%

Net income · YoY (vs a year ago)

————+2,454%+59%+31%-57%-99%+415%+571%+1,184%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$356.92M	$235.30M	$335.77M	$330.40M	$572.39M	$326.02M	$401.24M	$519.05M	$777.68M	$751.05M	$1.07B	$1.24B
Cost of revenue	$264.53M	$197.22M	$267.25M	$251.67M	$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
Gross margin	25.9%	16.2%	20.4%	23.8%	38.3%	27.2%	26.7%	29.2%	30.8%	30.0%	33.4%	33.8%
Research & development	$33.56M	$35.49M	$37.36M	$36.32M	$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
Operating margin	3.6%	-20.8%	-6.9%	-2.9%	18.3%	-5.8%	-0.9%	1.5%	11.3%	9.6%	17.1%	18.2%
Interest expense	$150.60M	$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	$-41.18M	$-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	$-23.41M	$-42.19M	$-22.96M	$1.43M	$73.69M	$198.86M	$248.98M
Net margin	1.2%	-24.0%	-18.2%	-4.4%	18.4%	-7.2%	-10.5%	-4.4%	0.2%	9.8%	18.7%	20.1%
EPS (diluted)	—	$-0.25	$-0.27	$-60.00	—	$-0.10	$-0.18	$-0.10	—	$0.23	$0.62	$0.78

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$632.65M$105.75M$-273.54M

FY18

$785.18M$97.59M$-304.41M

FY19

$794.25M$165.79M$-157.55M

FY20

$972.18M$197.58M$-164.45M

FY21

$1.20B$148.29M$-301.71M

FY22

$1.33B$197.79M$-302.12M

FY23

$1.47B$404.65M$-27.20M

FY24

$2.02B$587.40M$-87.14M

FY25

Revenue · YoY (vs a year ago)

—+24%+1.2%+22%+23%+11%+11%+37%

Net income · YoY (vs a year ago)

—-11%+48%-4.4%-83%-0.1%+91%-220%

RevenueGross profitNet incomeLine = trend

FY18

$-2.67

FY19

$-1.14

FY20

$-0.95

FY21

$-1.62

FY22

$-1.42

FY23

$-0.13

FY24

$-0.37

FY25

EPS (diluted) · YoY (vs a year ago)

——+57%+17%-71%+12%+91%-185%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$632.65M	$785.18M	$794.25M	$972.18M	$1.20B	$1.33B	$1.47B	$2.02B
Revenue growth	—	24.1%	1.2%	22.4%	23.3%	11.2%	10.5%	37.3%
Cost of revenue	$526.90M	$687.59M	$628.45M	$774.60M	$1.05B	$1.14B	$1.07B	$1.44B
Gross profit	$105.75M	$97.59M	$165.79M	$197.58M	$148.29M	$197.79M	$404.65M	$587.40M
Gross margin	16.7%	12.4%	20.9%	20.3%	12.4%	14.8%	27.5%	29.0%
Research & development	$89.14M	$104.17M	$83.58M	$103.40M	$150.61M	$155.87M	$148.63M	$185.99M
Operating income	$-165.01M	$-232.80M	$-80.79M	$-114.50M	$-260.99M	$-208.91M	$22.91M	$72.80M
Operating margin	-26.1%	-29.6%	-10.2%	-11.8%	-21.8%	-15.7%	1.6%	3.6%
Interest expense	$105.90M	$94.20M	$78.80M	$69.00M	$53.50M	$108.30M	$62.60M	$53.89M
Pre-tax income	$-289.74M	$-322.83M	$-178.83M	$-192.32M	$-313.99M	$-306.04M	$-26.36M	$-84.40M
Income tax	$1.54M	$633.00K	$256.00K	$1.05M	$1.10M	$1.89M	$846.00K	$2.74M
Net income	$-273.54M	$-304.41M	$-157.55M	$-164.45M	$-301.71M	$-302.12M	$-27.20M	$-87.14M
Net margin	-43.2%	-38.8%	-19.8%	-16.9%	-25.2%	-22.7%	-1.8%	-4.3%
EPS (diluted)	—	$-2.67	$-1.14	$-0.95	$-1.62	$-1.42	$-0.13	$-0.37

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$-142.61M$741.28M$325.08M

FY18

$-259.59M$636.81M$202.82M

FY19

$78.82M$390.90M$246.95M

FY20

$-44.33M$526.73M$396.04M

FY21

$340.78M$411.58M$348.50M

FY22

$502.08M$846.63M$664.59M

FY23

$562.47M$1.13B$802.85M

FY24

$768.64M$2.62B$2.45B

FY25

Shareholders' equity · YoY (vs a year ago)

—-82%+130%-156%+869%+47%+12%+37%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$220.73M	$202.82M	$246.95M	$396.04M	$348.50M	$664.59M	$802.85M	$2.45B
Short-term investments	$104.35M	$0	—	—	—	—	—	—
Current assets	$663.93M	$472.71M	$618.60M	$806.42M	$1.06B	$1.69B	$2.04B	$3.73B
Total assets	$1.52B	$1.32B	$1.45B	$1.73B	$1.95B	$2.41B	$2.66B	$4.40B
Current liabilities	$257.30M	$573.96M	$436.38M	$342.48M	$541.95M	$470.42M	$636.76M	$623.83M
Long-term debt	$711.43M	$299.23M	$270.05M	$500.90M	$385.56M	$846.63M	$1.01B	$2.61B
Short-term debt	$29.85M	$337.58M	$120.85M	$25.83M	$26.02M	$0	$114.39M	$4.15M
Total debt	$741.28M	$636.81M	$390.90M	$526.73M	$411.58M	$846.63M	$1.13B	$2.62B
Total liabilities	$1.48B	$1.49B	$1.31B	$1.52B	$1.57B	$1.89B	$2.07B	$3.60B
Shareholders' equity	$-142.61M	$-259.59M	$78.82M	$-44.33M	$340.78M	$502.08M	$562.47M	$768.64M
Current ratio	2.58	0.82	1.42	2.35	1.95	3.60	3.21	5.98
Debt / equity	—	—	4.96	—	1.21	1.69	2.01	3.41
Return on equity	—	—	-199.9%	—	-88.5%	-60.2%	-4.8%	-11.3%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$-91.95M$-137.15M

FY18

$163.77M$112.72M

FY19

$-98.80M$-136.71M

FY20

$-60.68M$-110.49M

FY21

$-191.72M$-308.55M$0

FY22

$-372.53M$-456.27M$0

FY23

$92.00M$33.15M$1.47M

FY24

$113.95M$57.19M$947.00K

FY25

Operating cash flow · YoY (vs a year ago)

—+278%-160%+39%-216%-94%+125%+24%

Free cash flow · YoY (vs a year ago)

—+182%-221%+19%-179%-48%+107%+73%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$-91.95M	$163.77M	$-98.80M	$-60.68M	$-191.72M	$-372.53M	$92.00M	$113.95M
Capital spending	$-45.21M	$-51.05M	$-37.91M	$-49.81M	$-116.82M	$-83.74M	$-58.85M	$-56.76M
Free cash flow	$-137.15M	$112.72M	$-136.71M	$-110.49M	$-308.55M	$-456.27M	$33.15M	$57.19M
FCF margin	-21.7%	14.4%	-17.2%	-11.4%	-25.7%	-34.2%	2.2%	2.8%
Cash from investing	$-125.38M	$53.45M	$-37.91M	$-46.70M	$-116.82M	$-83.73M	$-58.78M	$-93.12M
Cash from financing	$317.20M	$-120.31M	$176.03M	$306.38M	$211.36M	$683.35M	$175.21M	$1.51B
Dividends paid	—	—	—	—	$0	$0	$-1.47M	$-947.00K

About

About Bloom Energy Corp

Bloom Energy Corporation is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. It was founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel. Its SOFCs are deployed on-site where energy is consumed, reducing reliance on central power grid. Bloom also developed electrolyzers for hydrogen production, and holds more than 1000 patents globally.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Bloom Energy Corp
Ticker: BE
Exchange: NYSE
ISIN: US0937121079
SEC CIK: 0001664703
Sector: Technology
Industry: Electronic Production Equipment
SEC industry (SIC): Electrical Industrial Apparatus (3620)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 9 Feb 2026
CEO: K.R. Sridhar
Chair: K.R. Sridhar
Headquarters: Sunnyvale
Address: 4353 North First Street, San Jose, Ca 95134
Founded: 2002
Employees: 2,214
Trades in: US dollars (USD)
Website: bloomenergy.com

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Bloom Energy Corp

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

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