Bloom Energy Corp

Listed Company

BECIK 0001664703NYSELarge AcceleratedElectrical Industrial ApparatusDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.02B

Net Income

$-87.14M

Total Assets

$4.40B

Equity

$768.64M

Shares Out

284.44M

Op. Cash Flow

$113.90M

BE$211.58+769.63% · past yearDBEQ Basic

Daily closing prices

Business

Bloom Energy Corp manufactures and sells high-temperature solid-oxide fuel cell systems (Bloom Energy Server) that convert natural gas, biogas, or hydrogen into electricity for onsite distributed power generation, and develops electrolyzer technology for hydrogen production. Primary products are fuel cell energy systems for commercial, industrial, and utility applications, with revenue from both product sales and long-term operations & maintenance service agreements. The company serves three main markets: data centers (including AI infrastructure), commercial & industrial customers, and utilities, with geographic presence primarily in the U.S. and South Korea, expanding selectively in Europe and Asia.

Summary from 10-K filed 2026-02-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	2,024	1,474	1,333	1,199	972
Total cost of revenue	1,437	1,069	1,136	1,051	775
Gross profit	587	405	198	148	198
Research and development	186	149	156	151	103
Sales and marketing	130	68	90	91	86
General and administrative	198	165	161	168	122
Total operating expenses	515	382	407	409	312
Income (loss) from operations	73	23	−209	−261	−115
Interest income	34	25	20	4	262,000
Interest expense	−54	−63	−108	−53	—
Equity in loss of unconsolidated affiliates	−40	0	0	—	—
Other income (expense), net	2	16	−3	5	−8
Loss on extinguishment of debt	−32	−27	−4	−9	0
Debt conversion inducement expense	−66	0	0	—	—
Loss on revaluation of embedded derivatives	−537,000	−694,000	−2	566,000	—
Loss before income taxes	−84	−26	−306	−314	−192
Income tax provision	3	800,000	2	1	1
Net loss	−87	−27	−308	−315	−193
Less: Net income (loss) attributable to noncontrolling interest	1	2	−6	−13	—
Net loss attributable to common stockholders	−88	−29	−302	−302	−164
Net loss per share available to common stockholders, basic (in dollars per share)	−0.37	−0.13	−1.42	−1.62	−0.95
Net loss per share available to common stockholders, diluted (in dollars per share)	−0.37	−0.13	−1.42	−1.62	−0.95
Weighted average shares used to compute net loss per share available to common stockholders, basic (in shares)	240	227	213	186	173
Weighted average shares used to compute net loss per share available to common stockholders, diluted (in shares)	240	227	213	186	173

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,454	803	665	348	396
Restricted cash	2	111	47	52	93
Accounts receivable, less allowance for credit losses	372	336	341	251	88
Contract assets, current	179	145	41	47	25
Inventories	643	545	503	268	143
Deferred cost of revenue	31	59	46	46	25
Prepaid expenses and other current assets	50	46	51	44	31
Total current assets	3,731	2,044	1,693	1,056	806
Property, plant and equipment, net	399	403	493	600	604
Investments in unconsolidated affiliates	10	0	—	—	—
Operating lease right-of-use assets	109	122	140	127	107
Restricted cash	25	37	34	118	127
Contract assets	62	0	—	—	—
Deferred cost of revenue	4	4	3	5	1
Other long-term assets	57	46	50	40	41
Total assets	4,397	2,657	2,414	1,947	1,726
Accounts payable	203	93	132	162	73
Accrued warranty	20	17	19	17	12
Accrued expenses and other current liabilities	222	138	131	144	114
Deferred revenue and customer deposits	101	243	129	159	90
Operating lease liabilities, current	22	20	20	16	13
Financing obligations	51	12	39	17	15
Recourse debt	0	114	0	—	—
Non-recourse debt	4	0	—	—	—
Total current liabilities	624	637	470	542	342
Deferred revenue and customer deposits	43	43	19	56	90
Operating lease liabilities, noncurrent	107	125	142	132	106
Financing obligations	192	244	406	442	462
Recourse debt	2,614	1,010	842	—	—
Non-recourse debt	0	4	5	—	—
Deferred profit in transactions with unconsolidated affiliates	14	0	—	—	—
Other long-term liabilities	10	9	9	9	17
Total liabilities	3,604	2,072	1,893	1,568	1,519
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock: 0.0001 par value; Class A shares600,000,000 shares authorized, and 280,045,459 shares and 229,142,474 shares issued and outstanding, and Class B shares470,092,742 shares authorized, and no shares issued and outstanding at December 31, 2025 and 2024, respectively.	28,000	23,000	21,000	20,000	18,000
Additional paid-in capital	4,756	4,463	4,370	3,906	3,219
Accumulated other comprehensive loss	−369,000	−3	−2	−1	−350,000
Accumulated deficit	−3,987	−3,898	−3,867	−3,564	−3,263
Total stockholders equity attributable to common stockholders	769	562	502	341	−44
Noncontrolling interest	24	23	19	38	42
Total stockholders equity	793	585	521	379	−2
Total liabilities and stockholders equity	4,397	2,657	2,414	1,947	1,726

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	51	53	63	62	53
Non-cash lease expense	33	36	34	20	10
Loss on disposal of property, plant and equipment	436,000	161,000	411,000	0	0
Revaluation of derivative contracts	537,000	694,000	2	−10	18
Impairment of assets	13	0	130	114	0
Derecognition of loan commitment asset related to SK ecoplant Second Tranche Closing (Note 17)	0	0	53	0	0
Stock-based compensation expense	139	82	84	112	73
Amortization of debt issuance costs	8	7	5	3	4
Loss on extinguishment of debt	32	27	4	9	0
Net (gain) loss on failed sale-and-leaseback transactions	−827,000	−17	403,000	0	—
Share-based consideration payable to customers customer (Note 3)	16	0	0	—	—
Allowance for credit losses	340,000	0	0	—	—
Inventory reserve and other assets impairment	22	0	0	—	—
Unrealized foreign currency exchange (gain) loss	−2	4	618,000	−3	77,000
Other	−57,000	69,000	47,000	4	0
Accounts receivable	−36	7	−90	−163	9
Contract assets	−96	−104	5	−22	−22
Inventories	−119	−45	−232	−125	−885,000
Deferred cost of revenue	27	−13	2	−24	18
Prepaid expenses and other assets	−4	4	−6	−18	2
Other long-term assets	−11	4	−3	−3	−3
Operating lease right-of-use assets and operating lease liabilities	−33	−37	−33	3	−13
Financing lease liabilities	3	2	1	896,000	1
Accounts payable	111	−37	−29	86	13
Accrued warranty	3	−3	2	6	1
Accrued expenses and other current liabilities	80	9	−14	43	−2
Deferred revenue and customer deposits	−143	140	−43	35	−23
Deferred profit with equity method investees and other long-term liabilities	−251,000	−1	−1	−10	−4
Net cash provided by (used in) operating activities	114	92	−373	−192	−61
Purchase of property, plant and equipment	−57	−59	−84	−117	−50
Proceeds from sale of property, plant and equipment	131,000	70,000	14,000	0	0
Investments in unconsolidated affiliates	−36	0	0	—	—
Net cash used in investing activities	−93	−59	−84	−117	−47
Proceeds from issuance of debt	2,500	403	637	0	136
Payment of debt issuance costs	−63	−13	−20	0	−2
Repayment of debt	−976	−141	−191	−121	−123
Purchase of capped call options related to convertible notes	0	0	−55	0	0
Proceeds from financing obligations	0	2	5	3	17
Repayment of financing obligations	−11	−90	−18	−36	−14
Distributions and payments to noncontrolling interest	0	0	−2	−7	−6
Proceeds from issuance of common stock	59	12	17	15	90
Buyout of noncontrolling interest	0	0	−7	−12	0
Proceeds from issuance of redeemable convertible preferred stock	0	0	311	0	218
Dividend paid	−947,000	−1	0	0	—
Contributions from noncontrolling interest	0	4	7	3	0
Other	150,000	0	−35,000	−76,000	0
Net cash provided by financing activities	1,508	175	683	211	306
Effect of exchange rate changes on cash, cash equivalent, and restricted cash	1	−3	−281,000	434,000	−594,000
Net increase in cash, cash equivalents, and restricted cash	1,531	206	227	−97	198
Cash paid during the period for interest	50	56	50	49	69
Operating cash flows from operating leases	33	36	33	14	17
Operating cash flows from finance leases	356,000	259,000	1	1	878,000
Cash paid during the period for income taxes	2	1	1	1	576,000
Liabilities recorded for property, plant and equipment, net	4	2	9	11	6
Recognition of operating lease right-of-use asset during the year-to-date period	4	3	30	36	83
Recognition of finance lease right-of-use asset during the year-to-date period	3	2	1	896,000	2
Premium on convertible debt (Note 8)	28	0	0	—	—
Write-off of debt issuance costs upon induced conversion (Note 8)	19	0	0	—	—
Derecognition of financing obligations	0	102	0	0	—
Conversion of redeemable convertible preferred stock	0	0	310	209	0
Derecognition of the pre-modified forward contract fair value	0	0	76	0	0
Equity component of redeemable convertible preferred stock	0	0	16	0	0

Filings

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Frequently asked questions

What is Bloom Energy Corp's CIK number?

Bloom Energy Corp's SEC CIK number is 0001664703 (1664703). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Bloom Energy Corp's SEC filings?

All of Bloom Energy Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Bloom Energy Corp last report earnings?

Bloom Energy Corp (BE) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027913). This is Bloom Energy Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Bloom Energy Corp's most recent earnings 8-K?

Bloom Energy Corp's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001628280-26-027913. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Bloom Energy Corp's latest earnings 8-K →
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