NYSE : BE
Bloom Energy Corporation — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 203.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 60.07B
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Financial statements
Bloom Energy Corporation (BE) reported revenue of 3.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.83B | 2.02B | 1.47B | 1.33B | 1.20B | 972.18M |
| Cost of Revenue | 2.61B | 1.42B | 1.07B | 1.01B | 942.04M | 774.60M |
| Gross Profit | 1.22B | 600.07M | 404.65M | 321.49M | 257.09M | 197.58M |
| Selling, General & Admin | 434.95M | 328.61M | 233.11M | 250.84M | 258.67M | 208.69M |
| Research & Development | 232.76M | 182.99M | 148.63M | 155.87M | 150.61M | 103.40M |
| Operating Expenses | 667.71M | 511.60M | 381.74M | 406.70M | 409.28M | 312.08M |
| Operating Income | 548.97M | 88.47M | 22.91M | -85.21M | -152.19M | -114.50M |
| Interest Expense | -35.68M | -53.89M | -62.64M | -108.30M | -53.49M | -69.03M |
| Interest & Investment Income | 77.21M | 34.07M | 25.34M | 19.89M | 3.89M | 262.00K |
| Earnings From Equity Investments | -36.38M | -40.42M | ||||
| Currency Exchange Gain (Loss) | -2.00M | |||||
| Other Non Operating Income (Expenses) | 22.31M | 1.61M | 15.21M | -4.43M | 5.56M | -11.02M |
| EBT Excluding Unusual Items | 574.44M | 29.85M | 825.00K | -178.06M | -196.23M | -194.29M |
| Gain (Loss) on Sale of Investments | 1.97M | |||||
| Asset Writedown | -18.77M | -15.67M | -123.70M | -108.80M | ||
| Other Unusual Items | -29.04M | -98.58M | -27.18M | -4.29M | -8.96M | |
| Pretax Income | 526.63M | -84.40M | -26.36M | -306.04M | -313.99M | -192.32M |
| Income Tax Expense | 3.68M | 2.74M | 846.00K | 1.89M | 1.10M | 1.05M |
| Earnings From Continuing Operations | 522.95M | -87.14M | -27.20M | -307.94M | -315.09M | -193.37M |
| Minority Interest in Earnings | -4.64M | -1.29M | -2.02M | 5.82M | 13.68M | 28.92M |
| Net Income | 518.31M | -88.43M | -29.23M | -302.12M | -301.41M | -164.44M |
| Net Income to Common | 518.31M | -88.43M | -29.23M | -302.12M | -301.41M | -164.44M |
| Shares Outstanding (Basic) | 281.95M | 240.40M | 227.37M | 212.68M | 185.91M | 173.44M |
| Shares Outstanding (Diluted) | 308.45M | 240.40M | 227.37M | 212.68M | 185.91M | 173.44M |
| EPS (Basic) | 1.84 | -0.37 | -0.13 | -1.42 | -1.62 | -0.95 |
| EPS (Diluted) | 1.72 | -0.37 | -0.13 | -1.42 | -1.62 | -0.95 |
| Free Cash Flow | 436.70M | 57.19M | 33.15M | -456.27M | -308.55M | -110.49M |
| Free Cash Flow Per Share | 1.42 | 0.24 | 0.15 | -2.15 | -1.66 | -0.64 |
| Gross Margin | 31.77% | 29.65% | 27.46% | 24.11% | 21.44% | 20.32% |
| Operating Margin | 14.33% | 4.37% | 1.55% | -6.39% | -12.69% | -11.78% |
| Profit Margin | 13.53% | -4.37% | -1.98% | -22.66% | -25.14% | -16.91% |
| Free Cash Flow Margin | 11.40% | 2.83% | 2.25% | -34.22% | -25.73% | -11.37% |
| EBITDA | 602.99M | 139.04M | 75.96M | -33.50M | -102.68M | -84.55M |
| EBITDA Margin | 15.74% | 6.87% | 5.15% | -2.51% | -8.56% | -8.70% |
| D&A For EBITDA | 54.01M | 50.57M | 53.05M | 51.71M | 49.51M | 29.95M |
| EBIT | 548.97M | 88.47M | 22.91M | -85.21M | -152.19M | -114.50M |
| EBIT Margin | 14.33% | 4.37% | 1.55% | -6.39% | -12.69% | -11.78% |
| Revenue as Reported | 3.83B | 2.02B | 1.47B | 1.33B | 1.20B | 972.18M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.49B | 2.45B | 802.85M | 664.59M | 348.50M | 396.04M |
| Cash & Short-Term Investments | 2.49B | 2.45B | 802.85M | 664.59M | 348.50M | 396.04M |
| Accounts Receivable | 1.43B | 550.72M | 481.00M | 382.11M | 297.72M | 118.77M |
| Other Receivables | 37.95M | 13.04M | 9.56M | 11.47M | 10.79M | 6.98M |
| Receivables | 1.47B | 563.77M | 490.56M | 393.57M | 308.51M | 125.75M |
| Inventory | 955.67M | 643.31M | 544.66M | 502.51M | 268.39M | 143.37M |
| Prepaid Expenses | 32.51M | 31.78M | 33.96M | 31.99M | 29.66M | 22.14M |
| Restricted Cash | 852.00K | 1.97M | 110.62M | 46.82M | 51.52M | 92.54M |
| Other Current Assets | 266.50M | 35.63M | 61.48M | 53.68M | 49.38M | 26.58M |
| Total Current Assets | 5.21B | 3.73B | 2.04B | 1.69B | 1.06B | 806.42M |
| Property, Plant & Equipment | 639.67M | 507.05M | 525.96M | 633.08M | 727.37M | 710.77M |
| Long-Term Investments | 28.24M | 10.04M | 1.82M | |||
| Long-Term Accounts Receivable | 67.36M | 64.45M | 3.16M | 7.33M | 8.08M | 47.44M |
| Long-Term Deferred Tax Assets | 1.93M | 1.78M | 1.89M | 1.39M | 1.15M | 955.00K |
| Long-Term Deferred Charges | 56.85M | 34.73M | 25.78M | 21.90M | 13.06M | 8.86M |
| Other Long-Term Assets | 569.77M | 48.10M | 56.44M | 56.81M | 141.01M | 149.32M |
| Total Assets | 6.57B | 4.40B | 2.66B | 2.41B | 1.95B | 1.73B |
| Accounts Payable | 493.03M | 203.13M | 92.70M | 132.08M | 161.77M | 72.97M |
| Accrued Expenses | 128.12M | 127.65M | 87.39M | 82.47M | 71.15M | 59.34M |
| Short-Term Debt | 6.08M | |||||
| Current Portion of Long-Term Debt | 37.19M | 45.27M | 126.09M | 26.02M | 25.83M | |
| Current Portion of Leases | 33.95M | 33.57M | 20.62M | 60.29M | 34.61M | 28.68M |
| Current Income Taxes Payable | 2.96M | 2.12M | 784.00K | 3.37M | 1.14M | 479.00K |
| Current Unearned Revenue | 278.99M | 100.97M | 243.31M | 128.92M | 168.54M | 89.97M |
| Other Current Liabilities | 417.58M | 111.13M | 65.86M | 63.29M | 72.63M | 65.21M |
| Total Current Liabilities | 1.39B | 623.83M | 636.76M | 470.42M | 541.95M | 342.48M |
| Long-Term Debt | 2.59B | 2.77B | 1.26B | 1.25B | 827.62M | 962.80M |
| Long-Term Leases | 126.90M | 143.84M | 126.97M | 143.78M | 134.33M | 108.34M |
| Long-Term Unearned Revenue | 475.39M | 42.84M | 43.10M | 19.14M | 56.39M | 90.31M |
| Other Long-Term Liabilities | 25.80M | 20.11M | 6.76M | 7.21M | 7.52M | 14.62M |
| Total Liabilities | 4.61B | 3.60B | 2.07B | 1.89B | 1.57B | 1.52B |
| Common Stock | 30.00K | 28.00K | 23.00K | 21.00K | 20.00K | 18.00K |
| Additional Paid-In Capital | 5.40B | 4.76B | 4.46B | 4.37B | 3.91B | 3.22B |
| Retained Earnings | -3.47B | -3.99B | -3.90B | -3.87B | -3.56B | -3.26B |
| Comprehensive Income & Other | -457.00K | -369.00K | -2.59M | -1.69M | -1.25M | -350.00K |
| Total Common Equity | 1.93B | 768.64M | 562.47M | 502.08M | 340.78M | -44.33M |
| Minority Interest | 30.23M | 24.32M | 22.75M | 18.59M | 38.04M | 42.80M |
| Shareholders' Equity | 1.96B | 792.96M | 585.22M | 520.67M | 378.82M | 207.02M |
| Total Liabilities & Equity | 6.57B | 4.40B | 2.66B | 2.41B | 1.95B | 1.73B |
| Total Debt | 2.79B | 3.00B | 1.53B | 1.46B | 1.03B | 1.13B |
| Net Cash (Debt) | -299.89M | -541.69M | -729.37M | -791.93M | -680.17M | -729.62M |
| Net Cash Per Share | -0.97 | -2.25 | -3.21 | -3.72 | -3.66 | -4.21 |
| Filing Date Shares Outstanding | 295.66M | 280.55M | 230.40M | 224.97M | 206.10M | 177.12M |
| Total Common Shares Outstanding | 295.54M | 280.05M | 229.14M | 224.72M | 205.66M | 176.46M |
| Working Capital | 3.82B | 3.11B | 1.41B | 1.22B | 514.02M | 463.94M |
| Book Value Per Share | 6.54 | 2.74 | 2.45 | 2.23 | 1.66 | -0.25 |
| Tangible Book Value | 1.93B | 768.64M | 562.47M | 502.08M | 340.78M | -44.33M |
| Tangible Book Value Per Share | 6.54 | 2.74 | 2.45 | 2.23 | 1.66 | -0.25 |
| Buildings | 54.00M | 53.16M | 53.22M | 49.48M | 49.24M | 48.93M |
| Machinery | 450.76M | 415.21M | 410.49M | 525.76M | 718.66M | 815.28M |
| Construction In Progress | 208.18M | 83.07M | 86.73M | 104.65M | 72.17M | 43.54M |
| Leasehold Improvements | 130.71M | 129.66M | 122.41M | 94.65M | 104.53M | 52.94M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 518.31M | -88.43M | -29.23M | -302.12M | -301.41M | -164.44M |
| Depreciation & Amortization | 54.01M | 50.57M | 53.05M | 62.61M | 61.61M | 53.45M |
| Other Amortization | 12.69M | 8.25M | 6.80M | 4.77M | 3.03M | 3.80M |
| Loss (Gain) From Sale of Assets | -22.49M | -391.00K | -17.23M | 814.00K | ||
| Asset Writedown & Restructuring Costs | 15.84M | 34.55M | 130.09M | 113.51M | ||
| Loss (Gain) From Sale of Investments | -1.97M | |||||
| Loss (Gain) on Equity Investments | 36.38M | 40.42M | ||||
| Stock-Based Compensation | 217.80M | 155.35M | 82.42M | 84.48M | 112.26M | 73.27M |
| Provision & Write-off of Bad Debts | 3.08M | 340.00K | ||||
| Other Operating Activities | 106.88M | 130.59M | 69.62M | 87.18M | 6.11M | -5.87M |
| Change in Accounts Receivable | -824.97M | -131.55M | -96.66M | -84.53M | -184.39M | -13.27M |
| Change in Inventory | -225.51M | -119.21M | -44.53M | -231.69M | -124.88M | -885.00K |
| Change in Accounts Payable | 319.82M | 110.91M | -36.63M | -29.08M | 86.50M | 13.02M |
| Change in Unearned Revenue | 665.98M | -142.60M | 139.87M | -42.63M | 35.16M | -22.68M |
| Change in Other Net Operating Assets | -186.86M | 65.17M | -35.49M | -52.43M | 771.00K | 4.89M |
| Operating Cash Flow | 690.97M | 113.95M | 92.00M | -372.53M | -191.72M | -60.68M |
| Capital Expenditures | -254.26M | -56.76M | -58.85M | -83.74M | -116.82M | -49.81M |
| Sale of Property, Plant & Equipment | 242.00K | 131.00K | 70.00K | 14.00K | ||
| Cash Acquisitions | 3.11M | |||||
| Investment in Securities | -38.50M | -36.49M | ||||
| Investing Cash Flow | -292.52M | -93.12M | -58.78M | -83.72M | -116.82M | -46.70M |
| Long-Term Debt Issued | 2.50B | 404.30M | 642.12M | 3.26M | 152.84M | |
| Long-Term Debt Repaid | -987.21M | -231.19M | -209.84M | -162.68M | -137.02M | |
| Net Debt Issued (Repaid) | 1.50B | 1.51B | 173.11M | 432.29M | -159.42M | 15.82M |
| Issuance of Common Stock | 43.03M | 59.12M | 12.37M | 16.95M | 400.68M | 89.79M |
| Common Dividends Paid | -925.00K | -947.00K | -1.47M | |||
| Other Financing Activities | -60.19M | -62.56M | -8.80M | -76.84M | -29.89M | -17.10M |
| Financing Cash Flow | 1.48B | 1.51B | 175.21M | 683.35M | 211.36M | 306.38M |
| Foreign Exchange Rate Adjustments | -1.88M | 1.38M | -2.63M | -281.00K | 434.00K | -594.00K |
| Net Cash Flow | 1.88B | 1.53B | 205.79M | 226.81M | -96.75M | 198.40M |
| Free Cash Flow | 436.70M | 57.19M | 33.15M | -456.27M | -308.55M | -110.49M |
| Free Cash Flow Margin | 11.40% | 2.83% | 2.25% | -34.22% | -25.73% | -11.37% |
| Free Cash Flow Per Share | 1.42 | 0.24 | 0.15 | -2.15 | -1.66 | -0.64 |
| Levered Free Cash Flow | -1.71M | 188.46M | -73.63M | -436.41M | -176.58M | -60.72M |
| Unlevered Free Cash Flow | 7.91M | 213.89M | -41.28M | -373.50M | -146.18M | -17.58M |
| Cash Interest Paid | 33.59M | 49.53M | 55.70M | 49.93M | 48.98M | 68.74M |
| Cash Income Tax Paid | 6.27M | 1.71M | 1.42M | 1.46M | 1.44M | 576.00K |
| Change in Working Capital | -251.53M | -217.28M | -73.44M | -440.36M | -186.84M | -18.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.66B | 20.55B | 5.08B | 3.32B | 3.92B | 3.85B |
| Enterprise Value | 60.96B | 21.50B | 6.30B | 4.22B | 4.75B | 4.85B |
| Last Close Price | 203.17 | 86.89 | 22.21 | 14.80 | 19.12 | 21.93 |
| Forward PE | 42.05 | 101.00 | 51.84 | 52.39 | 295.98 | 172.94 |
| PS Ratio | 15.68 | 10.15 | 3.44 | 2.49 | 3.27 | 3.96 |
| PB Ratio | 31.06 | 25.92 | 8.68 | 6.37 | 10.36 | 18.59 |
| P/TBV Ratio | 31.08 | 26.74 | 9.03 | 6.60 | 11.51 | |
| P/FCF Ratio | 137.55 | 359.34 | 153.16 | |||
| P/OCF Ratio | 86.93 | 180.35 | 55.18 | |||
| PEG Ratio | 0.45 | 1.81 | 36.20 | 36.20 | 11.84 | 1.50 |
| EV/Sales Ratio | 15.76 | 10.62 | 4.28 | 3.17 | 3.96 | 4.99 |
| EV/EBITDA Ratio | 100.12 | 154.60 | 82.97 | |||
| EV/EBIT Ratio | 109.97 | 242.97 | 275.08 | |||
| EV/FCF Ratio | 138.24 | 375.87 | 190.12 | |||
| Debt / Equity Ratio | 1.42 | 3.78 | 2.62 | 2.80 | 2.71 | 5.44 |
| Debt / EBITDA Ratio | 4.38 | 17.27 | 13.70 | 6,969.00 | ||
| Debt / FCF Ratio | 6.38 | 52.38 | 46.23 | |||
| Net Debt / Equity Ratio | 0.15 | 0.68 | 1.25 | 1.52 | 1.80 | 3.52 |
| Net Debt / EBITDA Ratio | 0.50 | 3.90 | 9.60 | -23.64 | -6.62 | -8.63 |
| Net Debt / FCF Ratio | 0.69 | 9.47 | 22.00 | -1.74 | -2.20 | -6.60 |
| Asset Turnover | 0.83 | 0.57 | 0.58 | 0.61 | 0.65 | 0.61 |
| Inventory Turnover | 3.15 | 2.40 | 2.04 | 2.62 | 4.58 | 5.43 |
| Quick Ratio | 2.84 | 4.84 | 2.03 | 2.25 | 1.21 | 1.52 |
| Current Ratio | 3.74 | 5.98 | 3.21 | 3.60 | 1.95 | 2.35 |
| Return on Equity (ROE) | 39.61% | -12.65% | -4.92% | -68.47% | -107.57% | -111.00% |
| Return on Assets (ROA) | 7.45% | 1.57% | 0.56% | -2.44% | -5.18% | -4.50% |
| Return on Capital Employed (ROCE) | 10.60% | 2.30% | 1.10% | -4.40% | -10.80% | -8.30% |
| Earnings Yield | 0.84% | -0.43% | -0.58% | -9.11% | -7.68% | -4.27% |
| FCF Yield | 0.73% | 0.28% | 0.65% | -13.76% | -7.87% | -2.87% |
| Buyback Yield / Dilution | -33.17% | -5.73% | -6.90% | -14.40% | -7.19% | -25.03% |