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Stocks · Technology · Electrical Industrial Apparatus

Bloom Energy Corp

BE Clue Score44
United States Fiscal year ends December CIK 0001664703
$280.50 +2.82% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $280.50 +1,313.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Jul 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue208.5Operating income−241.0Net income−279.7Fiscal year 2017Revenue365.6 +75.3%Operating income−155.1Net income−276.4Fiscal year 2018Revenue575.1 +57.3%Operating income−165.0Net income−273.5Fiscal year 2019Revenue724.8 +26.0%Operating income−232.8Net income−304.4EPS, diluted−2.67Fiscal year 2020Revenue731.2 +0.9%Operating income−80.8Net income−157.6EPS, diluted−1.14Fiscal year 2021Revenue906.9 +24.0%Operating income−114.5Net income−164.4EPS, diluted−0.95Fiscal year 2022Revenue1,135.3 +25.2%Operating income−261.0Net income−301.7EPS, diluted−1.62Fiscal year 2023Revenue1,268.8 +11.8%Operating income−208.9Net income−302.1EPS, diluted−1.42Fiscal year 2024Revenue1,441.4 +13.6%Operating income22.9Net income−27.2EPS, diluted−0.13Fiscal year 2025Revenue2,001.6 +38.9%Operating income72.8Net income−87.1EPS, diluted−0.37
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 208.5 365.6 575.1 724.8 731.2 906.9 1,135.3 1,268.8 1,441.4 2,001.6
Growth +75.3% +57.3% +26.0% +0.9% +24.0% +25.2% +11.8% +13.6% +38.9%
Operating income −241.0 −155.1 −165.0 −232.8 −80.8 −114.5 −261.0 −208.9 22.9 72.8
Net income −279.7 −276.4 −273.5 −304.4 −157.6 −164.4 −301.7 −302.1 −27.2 −87.1
Growth
EPS, diluted n/a n/a n/a −2.67 −1.14 −0.95 −1.62 −1.42 −0.13 −0.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin−49.6%Operating margin−115.6%Net margin−134.1%Free cash flow margin−139.9%Fiscal year 2017Gross margin−4.5%Operating margin−42.4%Net margin−75.6%Free cash flow margin−42.0%Fiscal year 2018Gross margin18.4%Operating margin−28.7%Net margin−47.6%Free cash flow margin−23.8%Fiscal year 2019Gross margin13.5%Operating margin−32.1%Net margin−42.0%Free cash flow margin15.6%Fiscal year 2020Gross margin22.7%Operating margin−11.0%Net margin−21.5%Free cash flow margin−18.7%Fiscal year 2021Gross margin21.8%Operating margin−12.6%Net margin−18.1%Free cash flow margin−12.2%Fiscal year 2022Gross margin13.1%Operating margin−23.0%Net margin−26.6%Free cash flow margin−27.2%Fiscal year 2023Gross margin15.6%Operating margin−16.5%Net margin−23.8%Free cash flow margin−36.0%Fiscal year 2024Gross margin28.1%Operating margin1.6%Net margin−1.9%Free cash flow margin2.3%Fiscal year 2025Gross margin29.3%Operating margin3.6%Net margin−4.4%Free cash flow margin2.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −49.6% −4.5% 18.4% 13.5% 22.7% 21.8% 13.1% 15.6% 28.1% 29.3%
Operating margin −115.6% −42.4% −28.7% −32.1% −11.0% −12.6% −23.0% −16.5% 1.6% 3.6%
Net margin −134.1% −75.6% −47.6% −42.0% −21.5% −18.1% −26.6% −23.8% −1.9% −4.4%
Free cash flow margin −139.9% −42.0% −23.8% 15.6% −18.7% −12.2% −27.2% −36.0% 2.3% 2.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−282.8Capital expenditure−9.0Free cash flow−291.8Fiscal year 2017Operating cash flow−92.0Capital expenditure−61.5Free cash flow−153.4Fiscal year 2018Operating cash flow−91.9Capital expenditure−45.2Free cash flow−137.2Fiscal year 2019Operating cash flow163.8Capital expenditure−51.1Free cash flow112.7Fiscal year 2020Operating cash flow−98.8Capital expenditure−37.9Free cash flow−136.7 −221.3%Fiscal year 2021Operating cash flow−60.7Capital expenditure−49.8Free cash flow−110.5Fiscal year 2022Operating cash flow−191.7Capital expenditure−116.8Free cash flow−308.5Dividends paid0.0Fiscal year 2023Operating cash flow−372.5Capital expenditure−83.7Free cash flow−456.3Dividends paid0.0Fiscal year 2024Operating cash flow92.0Capital expenditure−58.9Free cash flow33.1Dividends paid−1.5Fiscal year 2025Operating cash flow113.9Capital expenditure−56.8Free cash flow57.2 +72.5%Dividends paid−0.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −282.8 −92.0 −91.9 163.8 −98.8 −60.7 −191.7 −372.5 92.0 113.9
Capital expenditure −9.0 −61.5 −45.2 −51.1 −37.9 −49.8 −116.8 −83.7 −58.9 −56.8
Free cash flow −291.8 −153.4 −137.2 112.7 −136.7 −110.5 −308.5 −456.3 33.1 57.2
Growth −221.3% +72.5%
Dividends paid n/a n/a n/a n/a n/a n/a 0.0 0.0 −1.5 −0.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash217.9Shareholders’ equity−1,725.0Fiscal year 2017Cash103.8Total debt941.3Net cash (debt)−837.5Shareholders’ equity−2,180.0Fiscal year 2018Cash220.7Total debt741.3Net cash (debt)−520.6Shareholders’ equity−142.6Fiscal year 2019Cash202.8Total debt636.8Net cash (debt)−434.0Shareholders’ equity−259.6Fiscal year 2020Cash246.9Total debt390.9Net cash (debt)−144.0Shareholders’ equity78.8Debt to equity4.96Fiscal year 2021Cash396.0Total debt526.7Net cash (debt)−130.7Shareholders’ equity−44.3Fiscal year 2022Cash348.5Total debt411.6Net cash (debt)−63.1Shareholders’ equity340.8Debt to equity1.21Fiscal year 2023Cash664.6Total debt846.6Net cash (debt)−182.0Shareholders’ equity502.1Debt to equity1.69Fiscal year 2024Cash802.9Total debt1,128.8Net cash (debt)−325.9Shareholders’ equity562.5Debt to equity2.01Fiscal year 2025Cash2,454.1Total debt2,617.9Net cash (debt)−163.8Shareholders’ equity768.6Debt to equity3.41
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 217.9 103.8 220.7 202.8 246.9 396.0 348.5 664.6 802.9 2,454.1
Total debt n/a 941.3 741.3 636.8 390.9 526.7 411.6 846.6 1,128.8 2,617.9
Net cash (debt) n/a −837.5 −520.6 −434.0 −144.0 −130.7 −63.1 −182.0 −325.9 −163.8
Shareholders’ equity −1,725.0 −2,180.0 −142.6 −259.6 78.8 −44.3 340.8 502.1 562.5 768.6
Debt to equity n/a n/a n/a n/a 4.96 n/a 1.21 1.69 2.01 3.41

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018† 31 Dec 2018 FY2019† 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
208.5 365.6 575.1 724.8 731.2 906.9 1,135.3 1,268.8 1,441.4 2,001.6
Growth +75.3% +57.3% +26.0% +0.9% +24.0% +25.2% +11.8% +13.6% +38.9%
312.0 381.9 526.9 687.6 628.5 774.6 1,050.8 1,135.7 1,069.2 1,436.6
−103.5 −16.3 105.8 97.6 165.8 197.6 148.3 197.8 404.6 587.4
Growth −7.7% +69.9% +19.2% −24.9% +33.4% +104.6% +45.2%
46.8 51.1 89.1 104.2 83.6 103.4 150.6 155.9 148.6 186.0
61.5 55.7 118.8 152.7 107.1 122.2 167.7 160.9 165.1 198.4
−241.0 −155.1 −165.0 −232.8 −80.8 −114.5 −261.0 −208.9 22.9 72.8
Growth +217.8%
−335.6 −294.4 −289.7 −322.8 −178.8 −192.3 −314.0 −306.0 −26.4 −84.4
0.7 0.6 1.5 0.6 0.3 1.0 1.1 1.9 0.8 2.7
−279.7 −276.4 −273.5 −304.4 −157.6 −164.4 −301.7 −302.1 −27.2 −87.1
Growth
Per share
n/a n/a n/a −2.67 −1.14 −0.95 −1.62 −1.42 −0.13 −0.37
n/a n/a n/a −2.67 −1.14 −0.95 −1.62 −1.42 −0.13 −0.37
Growth
10.0 10.2 53.3 115.1 138.7 173.4 185.9 212.7 227.4 240.4
10.0 10.2 53.3 115.1 138.7 173.4 185.9 212.7 227.4 240.4
Growth +2.0% +419.8% +116.1% +20.5% +25.0% +7.2% +14.4% +6.9% +5.7%

† The diluted share count jumps at 2018 and 2019, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 22.3% a year over five years.
  • Operating margin is up 14.7 points on five years ago, at 3.6%.
  • A net loss in 10 of 10 years on file.