Bloom Energy Corporation (BE) Financial Statements

Bloom Energy Corporation

BE · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$2.00B	$1.44B	$1.27B	$1.14B	$906.86M	$731.22M	$724.79M	$575.12M
Cost of Revenue	$1.44B	$1.07B	$1.14B	$1.05B	$774.60M	$628.45M	$687.59M	$526.90M
Gross Profit	$587.40M	$404.65M	$197.79M	$148.29M	$197.58M	$165.79M	$97.59M	$105.75M
Research & Development	$185.99M	$148.63M	$155.87M	$150.61M	$103.40M	$83.58M	$104.17M	$89.14M
Selling, General & Administrative	$198.38M	$165.10M	$160.88M	$167.74M	$122.19M	$107.08M	$152.65M	$118.82M
Operating Expenses	$514.60M	$381.74M	$406.70M	$409.28M	$312.08M	$246.58M	$330.39M	$270.76M
Operating Income	$72.80M	$22.91M	-$208.91M	-$260.99M	-$114.50M	-$80.78M	-$232.80M	-$165.01M
Interest Expense	$38.10M	$62.60M	$108.30M	$53.50M	$69.00M	$78.80M	$94.20M	$105.90M
Other Income / (Expense)	$2.15M	$15.90M	-$2.79M	$5.00M	-$8.14M	-$8.32M	$706.00K	-$999.00K
Income Before Taxes	-$84.40M	-$26.36M	-$306.04M	-$313.99M	-$192.32M	-$178.83M	-$322.83M	-$289.74M
Provision for Income Taxes	$2.74M	$846.00K	$1.89M	$1.10M	$1.05M	$256.00K	$633.00K	$1.54M
Net Income	-$87.14M	-$27.20M	-$302.12M	-$301.71M	-$164.44M	-$157.55M	-$304.41M	-$273.54M
Basic EPS	-$0.37	-$0.13	-$1.42	-$1.62	-$0.95	-$1.14	-$2.67	—
Diluted EPS	-$0.37	-$0.13	-$1.42	-$1.62	-$0.95	-$1.14	-$2.67	—
Basic Shares Outstanding	240.40M	227.37M	212.68M	185.91M	173.44M	138.72M	115.12M	53.27M
Diluted Shares Outstanding	240.40M	227.37M	212.68M	185.91M	173.44M	138.72M	115.12M	53.27M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$1.93	$1.23	$2.18	7	↑5 ↓0
Dec 2027	$4.22	$2.87	$4.88	7	↑5 ↓0
Dec 2028	$7.00	$5.99	$8.01	2	↑2 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: BE
Type: Stock
Sector: Energy
Industry: Industrial Machinery/Components
Country: North America
Exchange: NYSE

Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company's solid oxide fuel cell systems provide ultra-resilient, highly scalable onsite electricity for Fortune 500 customers around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors as well as mission-critical organizations in local communities, such as hospitals, college campuses and retailers. Headquartered in Silicon Valley, Bloom Energy employs more than 2,000 people worldwide and manufactures its systems in the United States.

Key Issues

Bullish view

AI data centers are being built faster than utilities can expand generation, creating a need for Bloom’s on-site fuel cells. The company has also secured massive AI-infrastructure partnerships with global firms.

Bearish view

The evidence does not establish the duration, value, or profitability of those partnerships. Bloom remained unprofitable in FY2025, so rising demand may not translate into durable earnings.

Analyst Consensus

See all

Hold

18 analysts

$236

Current

—

Low

$286

Average

—

High

Average target implies +21.29% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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