Overview
Bloom Energy Corp
Latest 10-K: FY2025, filed Feb 9, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $2.02B
- 37.3%YoYup from FY2024
- TotalRevenue
- Gross profit
- $0.59B
- 45.2%YoYup from FY2024
- GrossProfit
- Operating income
- $0.07B
- 217.8%YoYup from FY2024
- OperatingIncome
- Diluted EPS
- -$0.37
- n/mYoY
- EPSDiluted
- Diluted shares
- 240.4M
- 5.7%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Bloom Energy Corp reported revenue of $2.02B for fiscal 2025, up 37.3% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 3.6%.
Per share
- Diluted EPS was -$0.37.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $2.02B37.3%up Benchmark median 6.4% | $1.47B10.5%up Benchmark median 4.5% | $1.33B11.2%up Benchmark median 4.8% | $1.20B23.3%up Benchmark median 10.3% | $0.97B22.4%up Benchmark median 13.8% | 20.1% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $587.40M45.2%up Benchmark median 6.8% | $404.65M104.6%up Benchmark median 5.5% | $197.79M33.4%up Benchmark median 5.2% | $148.29M24.9%down Benchmark median 8.3% | $197.58M19.2%up Benchmark median 15.7% | 31.3% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $72.80M217.8%up Benchmark median 7.3% | $22.91Mn/m Benchmark median 7.4% | negative: -$208.91Mn/m Benchmark median 4.9% | negative: -$260.99Mn/m Benchmark median 7.5% | negative: -$114.50Mn/m Benchmark median 23.5% | n/m Benchmark median 7.2% |
| Net Income | — | — | negative: -$302.12Mn/m Benchmark median 1.9% | negative: -$301.71Mn/m Benchmark median 1.3% | negative: -$164.44Mn/m Benchmark median 33.9% | — Benchmark median 4.1% |
| EPS (Diluted) | negative: -$0.37n/m Benchmark median 6.2% | negative: -$0.13n/m Benchmark median 7.9% | negative: -$1.42n/m Benchmark median 1.9% | negative: -$1.62n/m Benchmark median 1.5% | negative: -$0.95n/m Benchmark median 34.8% | n/m Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $4.40B65.5%up Benchmark median 5.6% | $2.66B10.1%up Benchmark median 3.4% | $2.41B24.0%up Benchmark median 4.1% | $1.95B12.8%up Benchmark median 2.2% | $1.73B18.6%up Benchmark median 6.7% | 26.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $3.60B73.9%up Benchmark median 6.4% | $2.07B9.5%up Benchmark median 1.9% | $1.89B20.7%up Benchmark median 2.9% | $1.57B3.2%up Benchmark median 2.0% | $1.52B15.7%up Benchmark median 5.2% | 24.1% Benchmark median 4.4% |
| Stockholders' Equity | $792.96M35.5%up Benchmark median 6.8% | $585.22M12.4%up Benchmark median 5.4% | $520.67M37.4%up Benchmark median 7.3% | $378.82Mn/m Benchmark median 2.5% | negative: -$1.83M101.3%down Benchmark median 9.0% | n/m Benchmark median 6.1% |
| Cash & Equivalents | $2.45B205.7%up Benchmark median 5.2% | $0.80B20.8%up Benchmark median 1.9% | $0.66B90.7%up Benchmark median 6.7% | $0.35B12.0%down Benchmark median -8.6% | $0.40B60.4%up Benchmark median -2.9% | 57.8% Benchmark median 2.0% |
| Total Debt | $2.62B110.9%up Benchmark median 2.1% | $1.24B46.8%up Benchmark median 0.2% | $0.85B105.7%up Benchmark median 0.3% | $0.41B21.9%down Benchmark median 0.1% | $0.53B34.7%up Benchmark median -0.1% | 49.4% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $113.95M23.9%up Benchmark median 6.3% | $92.00Mn/m Benchmark median 4.8% | negative: -$372.53Mn/m Benchmark median 9.9% | negative: -$191.72Mn/m Benchmark median -0.7% | negative: -$60.68Mn/m Benchmark median 10.7% | n/m Benchmark median 7.0% |
| Capital Expenditures | $56.76M3.6%down Benchmark median 5.4% | $58.85M29.7%down Benchmark median 2.8% | $83.74M28.3%down Benchmark median 11.3% | $116.82M134.5%up Benchmark median 14.0% | $49.81M31.4%up Benchmark median 8.1% | 3.3% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $57.19M72.5%up Benchmark median 7.3% | $33.15Mn/m Benchmark median 6.1% | negative: -$456.27Mn/m Benchmark median 8.8% | negative: -$308.55Mn/m Benchmark median -11.3% | negative: -$110.49Mn/m Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2024 n/m
0.3%
Value investor
on free cash flow
FY2024 0.7%
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
0.6%
Wall Street
on EBITDA
FY2024 1.4%
0.3%
Value investor
on EBIT
FY2024 0.4%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 170.7×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
3.8%
Wall Street
on book equity
FY2024 11.6%
3.8%
Value investor
on tangible book
FY2024 11.6%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 26.3×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
— Not reported
Wall Street
ROE: net income ÷ equity
FY2024 — Not reported
4.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 1.3%
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
6.1%
Wall Street
EBITDA margin
FY2024 5.2%
2.8%
Value investor
Free-cash-flow margin
FY2024 2.2%
Gap −3.3 pts: Value-investor figure 3.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
5.98×
Wall Street
Current ratio
FY2024 3.21×
4.95×
Value investor
Quick ratio, inventory excluded
FY2024 2.35×
Gap −1.03×: Value-investor figure 1.03 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.05×
Wall Street
EBITDA ÷ total debt
FY2024 0.06×
0.02×
Value investor
FCF ÷ total debt
FY2024 0.03×
Gap −0.03×: Value-investor figure 0.03 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.36×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
3.2×
Wall Street
EBITDA ÷ interest
FY2024 1.2×
1.9×
Value investor
EBIT ÷ interest
FY2024 0.6×
Gap −1.3×: Value-investor figure 1.3 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on BE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BE and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/BE
Valuein. (2026, October 31). Bloom Energy Corp (BE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BE
@misc{valuein_be_2026,
author = {{Valuein}},
title = {Bloom Energy Corp (BE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/BE}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 9, 2026 · accession 0001628280-26-006516
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing
Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.