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Bloom Energy Corporation

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Bloom Energy Corporation • NYSE
$109.24 ▲ 8.01% (+8.10)
Market Cap $25.30 B
52w High $147.86
52w Low $15.15
Dividend Yield 0%
P/E 1365.5
Volume 7.98M
Outstanding Shares 231.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $519.048M ▲ $143.829M ▲ $-23.093M ▲ -4.449% ▲ $-0.098 ▲ $4.566M ▲
Q2-2025 $401.242M ▲ $110.626M ▲ $-42.619M ▼ -10.622% ▼ $-0.18 ▼ $-14.139M ▼
Q1-2025 $326.021M ▼ $107.777M ▼ $-23.814M ▼ -7.304% ▼ $-0.1 ▼ $3.414M ▼
Q4-2024 $572.393M ▲ $114.611M ▲ $104.795M ▲ 18.308% ▲ $0.46 ▲ $135.373M ▲
Q3-2024 $330.399M $88.385M $-14.711M -4.452% $-0.065 $15.48M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $595.055M ▲ $2.638B ▲ $1.961B ▲ $653.07M ▲
Q2-2025 $574.764M ▼ $2.53B ▼ $1.911B ▼ $594.581M ▲
Q1-2025 $794.751M ▼ $2.608B ▼ $2.007B ▼ $578.271M ▲
Q4-2024 $802.851M ▲ $2.657B ▲ $2.072B ▼ $562.471M ▲
Q3-2024 $495.677M $2.605B $2.15B $430.944M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-22.96M ▲ $19.669M ▲ $-36.871M ▼ $39.415M ▲ $20.968M ▲ $7.368M ▲
Q2-2025 $-42.192M ▼ $-213.111M ▼ $-7.212M ▲ $-7.059M ▼ $-225.311M ▼ $-220.356M ▼
Q1-2025 $-23.414M ▼ $-110.682M ▼ $-14.216M ▼ $5.13M ▲ $-119.613M ▼ $-124.941M ▼
Q4-2024 $105.157M ▲ $484.228M ▲ $-11.072M ▲ $-69.18M ▼ $401.82M ▲ $473.122M ▲
Q3-2024 $-14.632M $-69.469M $-14.278M $-5.6M $-88.653M $-83.761M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electricity
Electricity
 $20.00M ▲$30.00M ▲$10.00M ▼$10.00M ▲
Installation
Installation
 $80.00M ▲$30.00M ▼$40.00M ▲$70.00M ▲
Product
Product
 $700.00M ▲$210.00M ▼$300.00M ▲$380.00M ▲
Service
Service
 $110.00M ▲$50.00M ▼$50.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Bloom has grown its sales steadily over the past five years, which shows rising customer adoption and a clearer value proposition. Profitability is moving in the right direction: gross profits have improved noticeably, and the business just crossed into a small operating profit after years of operating losses. However, the company is still losing money at the bottom line, even if those losses have narrowed significantly. Overall, the income statement tells a story of a company transitioning from an early-stage, loss-making profile toward potential scale and earnings, but not fully there yet.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with a larger asset base and a much stronger cash position than a few years ago. Equity has moved from being slightly negative at one point to meaningfully positive, suggesting that past balance sheet pressure has eased. At the same time, debt has also increased and now sits at a relatively high level versus equity, which introduces leverage risk and raises the importance of maintaining access to capital markets and improving cash generation. In short, the financial foundation looks stronger than before but still carries notable debt-related risk.

Cash Flow

Cash Flow Bloom’s cash flows have improved from a pattern of consistent outflows toward a more balanced picture. After several years of negative operating cash flow, the company recently generated positive cash from its core operations and even modestly positive free cash flow. Capital spending has been relatively disciplined, not excessively heavy compared with the size of the business, which helps. The key question is whether this recent improvement in cash generation is sustainable through economic cycles and policy changes, or whether it could slip back into cash burn if growth investments or market conditions shift.

Competitive Edge

Competitive Edge Bloom operates in a fast-growing but highly competitive clean energy space. Its solid oxide fuel cell technology stands out for high efficiency, fuel flexibility, and very high reliability, which are attractive for mission-critical customers like data centers and hospitals. Long-term contracts and relationships with large corporate clients and partners add some stability and create switching costs. On the other hand, the company competes against other fuel cell, battery, and renewable solutions, many of which are also subsidized or policy-supported. Success will depend on Bloom’s ability to keep cutting costs, scaling manufacturing, and proving long-term performance and economics better than rival technologies.

Innovation and R&D

Innovation and R&D Innovation is a core strength. Bloom’s solid oxide platform underpins both its power generation servers and its high-efficiency hydrogen electrolyzers, giving it multiple ways to participate in decarbonization trends. Its large patent portfolio, work in hydrogen, microgrids, marine applications, and carbon capture all point to a company that is pushing the technological frontier rather than just following it. The flip side is execution risk: many of these opportunities, especially green hydrogen and carbon capture, are still emerging markets that depend heavily on policy support, customer adoption, and project financing. Continued R&D is essential, but it must translate into durable cost advantages and commercial scale, not just technical milestones.

Summary

Bloom Energy looks like a maturing clean-tech company: revenues and gross profits are rising, operating results have just tipped into the black, and cash generation has improved, yet it still posts net losses and carries meaningful debt. The business is anchored by differentiated fuel cell and electrolyzer technology with strong potential in data centers, hydrogen, microgrids, marine, and carbon capture, supported by an extensive patent base and blue-chip customers. The main risks lie in its leverage, the need to sustain positive cash flow, and heavy dependence on successful commercialization in policy-sensitive markets. Overall, the story is one of promising technology and expanding markets, balanced by execution, financing, and competitive pressures that remain very important to watch.

NEWS

October 31, 2025 · 2:48 AM UTC

Bloom Energy Corporation Prices Upsized $2.2 Billion Convertible Senior Notes Offering

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October 30, 2025 · 6:30 AM UTC

Bloom Energy Corporation Announces Proposed Convertible Senior Notes Offering

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October 28, 2025 · 4:05 PM UTC

Bloom Energy Reports Third Quarter 2025 Financial Results

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October 13, 2025 · 7:30 AM UTC

Brookfield and Bloom Energy Announce $5 Billion Strategic AI Infrastructure Partnership

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October 9, 2025 · 4:45 PM UTC

Bloom Energy to Announce Third Quarter 2025 Financial Results on October 28, 2025

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