BE · Bloom Energy Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $751.05M | - | $519.05M | $401.24M | $326.02M | - | $330.40M | $335.77M | $235.30M | - |
| Cost of Revenue | $525.51M | - | $367.37M | $294.12M | $237.31M | - | $251.66M | $267.25M | $197.22M | - |
| Gross Profit | $225.54M | - | $151.68M | $107.12M | $88.71M | - | $78.73M | $68.52M | $38.08M | - |
| R&D | $56.85M | - | $48.72M | $40.77M | $40.61M | - | $36.31M | $37.36M | $35.48M | - |
| SG&A | $58.07M | - | $53.11M | $45.79M | $44.90M | - | $37.40M | $36.38M | $38.01M | - |
| Total Operating Expenses | $153.35M | - | $143.83M | $110.63M | $107.78M | - | $88.39M | $91.65M | $87.09M | - |
| D&A | $13.28M | - | - | - | $11.99M | - | - | - | $12.52M | - |
| Operating Income | $72.19M | - | $7.85M | ($3.50M) | ($19.07M) | - | ($9.65M) | ($23.13M) | ($49.02M) | - |
| Interest Expense | $4.20M | - | $10.50M | $10.50M | $10.40M | - | $16.76M | $13.95M | $14.55M | - |
| Income Tax | $445.0K | - | $336.0K | $1.02M | $431.0K | - | $109.0K | $856.0K | ($501.0K) | - |
| Net Income | ($23.81M) | - | ($22.96M) | ($42.19M) | ($23.41M) | - | ($14.63M) | ($61.19M) | ($56.54M) | - |
| EPS - Basic | $0.25 | - | ($100.00) | ($0.18) | ($0.10) | - | ($0.06) | ($0.27) | ($0.25) | - |
| EPS - Diluted | $0.23 | - | ($100.00) | ($0.18) | ($0.10) | - | ($0.06) | ($0.27) | ($0.25) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.49B | $2.45B | $595.05M | $574.76M | $794.75M | $802.85M | $495.68M | $581.68M | $515.96M | $664.59M |
| Accounts Receivable | $359.41M | $371.80M | $411.65M | $467.04M | $333.98M | $335.84M | $590.79M | $524.00M | $348.42M | $340.74M |
| Inventory | $732.53M | $643.31M | $705.00M | $689.96M | $612.50M | $544.66M | $584.48M | $520.22M | $526.35M | $502.51M |
| Accounts Payable | $241.65M | $203.13M | $167.38M | $144.78M | $145.00M | $92.70M | $124.27M | $104.20M | $94.23M | $132.08M |
| Current Assets | $3.95B | $3.73B | $2.05B | $1.93B | $2.01B | $2.04B | $1.90B | $1.83B | $1.58B | $1.69B |
| Total Assets | $4.66B | $4.40B | $2.64B | $2.53B | $2.61B | $2.66B | $2.60B | $2.55B | $2.29B | $2.41B |
| Current Liabilities | $786.80M | $623.83M | $465.95M | $387.34M | $584.42M | $636.76M | $566.92M | $393.48M | $354.67M | $470.42M |
| Long-term Debt | $2.60B | $2.61B | $1.13B | $1.13B | $1.02B | $1.01B | $1.01B | $1.13B | $847.93M | $846.63M |
| Total Liabilities | $3.72B | $3.60B | $1.96B | $1.91B | $2.01B | $2.07B | $2.15B | $2.10B | $1.80B | $1.89B |
| Stockholders' Equity | $921.47M | $768.64M | $653.07M | $594.58M | $578.27M | $562.47M | $430.94M | $423.25M | $466.12M | $502.08M |
| Retained Earnings | ($3.92B) | ($3.99B) | ($3.99B) | ($3.96B) | ($3.92B) | ($3.90B) | ($4.00B) | ($3.99B) | ($3.93B) | ($3.87B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.61M | - | - | - | ($110.68M) | - | - | - | ($147.27M) | - |
| Investing Cash Flow | ($45.94M) | - | - | - | ($14.22M) | - | - | - | ($21.43M) | - |
| Financing Cash Flow | $7.06M | - | - | - | $5.13M | - | - | - | $7.15M | - |
| CapEx | $26.18M | - | - | - | $14.26M | - | - | - | $21.43M | - |
| Free Cash Flow | $47.43M | - | - | - | ($124.94M) | - | - | - | ($168.70M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.0% | - | 29.2% | 26.7% | 27.2% | - | 23.8% | 20.4% | 16.2% | - |
| Operating margin | 9.6% | - | 1.5% | -0.9% | -5.8% | - | -2.9% | -6.9% | -20.8% | - |
| EBITDA margin | 11.4% | - | - | - | -2.2% | - | - | - | -15.5% | - |
| Net margin | -3.2% | - | -4.4% | -10.5% | -7.2% | - | -4.4% | -18.2% | -24.0% | - |
| Free cash flow margin | 6.3% | - | - | - | -38.3% | - | - | - | -71.7% | - |
| FCF / Net income | -1.99 | - | - | - | 5.34 | - | - | - | 2.98 | - |
| R&D / Revenue | 7.6% | - | 9.4% | 10.2% | 12.5% | - | 11.0% | 11.1% | 15.1% | - |
| SG&A / Revenue | 7.7% | - | 10.2% | 11.4% | 13.8% | - | 11.3% | 10.8% | 16.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.5% | - | -0.9% | -1.7% | -0.9% | - | -0.6% | -2.4% | -2.5% | - |
| Return on equity | -2.6% | - | -3.5% | -7.1% | -4.0% | - | -3.4% | -14.5% | -12.1% | - |
| Return on invested capital | 1.6% | - | 0.3% | -0.2% | -0.9% | - | -0.5% | -1.2% | -2.9% | - |
| Liquidity | ||||||||||
| Current ratio | 5.03 | 5.98 | 4.40 | 4.99 | 3.44 | 3.21 | 3.36 | 4.65 | 4.45 | 3.60 |
| Quick ratio | 4.10 | 4.95 | 2.88 | 3.21 | 2.39 | 2.35 | 2.33 | 3.33 | 2.97 | 2.53 |
| Cash ratio | 3.17 | 3.93 | 1.28 | 1.48 | 1.36 | 1.26 | 0.87 | 1.48 | 1.45 | 1.41 |
| Leverage | ||||||||||
| Debt / Equity | 2.82 | 3.40 | 1.73 | 1.90 | 1.76 | 1.80 | 2.35 | 2.66 | 1.82 | 1.69 |
| Debt / Assets | 0.56 | 0.59 | 0.43 | 0.45 | 0.39 | 0.38 | 0.39 | 0.44 | 0.37 | 0.35 |
| Debt / EBITDA | 30.40 | - | - | - | - | - | - | - | - | - |
| Interest coverage | 17.2x | - | 0.7x | -0.3x | -1.8x | - | -0.6x | -1.7x | -3.4x | - |
| Equity multiplier | 5.06 | 5.72 | 4.04 | 4.26 | 4.51 | 4.72 | 6.04 | 6.02 | 4.90 | 4.81 |
| Liabilities / Assets | 0.80 | 0.82 | 0.74 | 0.76 | 0.77 | 0.78 | 0.83 | 0.82 | 0.79 | 0.78 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.20 | 0.16 | 0.13 | - | 0.13 | 0.13 | 0.10 | - |
| Inventory turnover | 0.72 | - | 0.52 | 0.43 | 0.39 | - | 0.43 | 0.51 | 0.37 | - |
| Days sales outstanding | 175d | - | 289d | 425d | 374d | - | 653d | 570d | 540d | - |
| Days inventory outstanding | 509d | - | 700d | 856d | 942d | - | 848d | 711d | 974d | - |
| Days payable outstanding | 168d | - | 166d | 180d | 223d | - | 180d | 142d | 174d | - |
| Cash conversion cycle | 516d | - | 824d | 1101d | 1093d | - | 1320d | 1138d | 1340d | - |
| Valuation | ||||||||||
| P / E | 589.1x | - | - | - | - | - | - | - | - | - |
| P / B | 47.0x | - | 30.4x | 9.4x | 7.8x | - | 5.6x | 6.6x | 5.4x | - |
| P / S | 57.7x | - | 38.3x | 13.9x | 13.9x | - | 7.3x | 8.3x | 10.8x | - |
| EV / EBITDA | 508.1x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 130.4% | - | 57.1% | 19.5% | 38.6% | - | -17.5% | 11.5% | -14.5% | - |
| Revenue CAGR (3y) | 39.7% | - | 21.1% | 18.2% | 17.5% | - | 16.8% | 13.7% | 6.6% | - |
| Revenue CAGR (5y) | 31.1% | - | 21.0% | 16.4% | 15.8% | - | 7.2% | 7.5% | 3.2% | - |
| Gross profit growth (YoY) | 154.3% | - | 92.6% | 56.3% | 133.0% | - | - | 21.6% | -29.8% | - |
| Operating income growth (YoY) | - | - | - | 84.9% | 61.1% | - | 90.7% | 57.5% | 23.0% | - |
| Net income growth (YoY) | -1.7% | - | -56.9% | 31.0% | 58.6% | - | 91.3% | 11.4% | 24.5% | - |
| EPS growth (YoY) | - | - | -166566.7% | 33.3% | 60.0% | - | 92.5% | 15.6% | 28.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 25.9% | - | - | - | 50.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 59.3% | 36.7% | 51.5% | 40.5% | 24.1% | 12.0% | -11.4% | 37.5% | 16.7% | 47.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.02B totalProduct$1.53B · 75.7%
Service$228.29M · 11.3%
Installation$204.07M · 10.1%
Electricity$60.35M · 3.0%
Peer comparison
Same SIC group: Electrical Industrial Apparatus
Comparing Bloom Energy Corp against the 5 most active filers in the same SIC group.