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Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. It offers Bloom Energy Server, an energy server platform to convert fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through a non-combustion electrochemical process. The company also provides Bloom Electrolyzer for producing hydrogen. It sells its products through direct and indirect sales channels to utilities, data centers, retail, healthcare, education, telecom, manufacturing, and other industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.0B | $20M | $-88M | $57M | -11.5% | 37.3% | 202.6% |
| 2024 | $1.5B | $89M | $-29M | $33M | -5.2% | 10.5% | -90.3% |
| 2023 | $1.3B | $-135M | $-302M | $-456M | -60.2% | 11.2% | 0.2% |
| 2022 | $1.2B | $-199M | $-301M | $-309M | -88.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 2,023.99 |
| Operating Revenue | 2,023.99 |
| Cost Of Revenue | 1,436.59 |
| Gross Profit | 587.40 |
| Operating Expense | 514.60 |
| Research And Development | 185.99 |
| Selling General And Administration | 328.60 |
| Total Expenses | 1,951.19 |
| Operating Income | 72.80 |
| Total Operating Income As Reported | 72.80 |
| EBITDA | 20.05 |
| Normalized EBITDA | 119.17 |
| EBIT | -30.52 |
| Interest Income | 34.07 |
| Interest Expense | 53.89 |
| Net Interest Income | -19.82 |
| Other Non Operating Income Expenses | 2.15 |
| Other Income Expense | -137.39 |
| Interest Income Non Operating | 34.07 |
| Interest Expense Non Operating | 53.89 |
| Net Non Operating Interest Income Expense | -19.82 |
| Pretax Income | -84.40 |
| Tax Provision | 2.74 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -20.81 |
| Net Income Continuous Operations | -87.14 |
| Net Income From Continuing And Discontinued Operation | -88.43 |
| Net Income From Continuing Operation Net Minority Interest | -88.43 |
| Net Income | -88.43 |
| Net Income Common Stockholders | -88.43 |
| Net Income Including Noncontrolling Interests | -87.14 |
| Normalized Income | -10.13 |
| Diluted NI Availto Com Stockholders | -88.43 |
| Basic Average Shares | 240.40 |
| Diluted Average Shares | 240.40 |
| Reconciled Depreciation | 50.57 |
| Reconciled Cost Of Revenue | 1,436.59 |
| Total Unusual Items | -99.12 |
| Total Unusual Items Excluding Goodwill | -99.12 |
| Minority Interests | -1.29 |
| Special Income Charges | -98.58 |
| Other Special Charges | 98.58 |
| Gain On Sale Of Security | -0.54 |
| General And Administrative Expense | 198.38 |
| Other Gand A | 198.38 |
| Selling And Marketing Expense | 130.23 |
| Otherunder Preferred Stock Dividend | - |
| Earnings From Equity Interest | -40.42 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bloom Energy Corporationthis co. | BE | $82.9B | -937.18 | 107.82 | -11.5% | 4160.41 |
| Sterling Infrastructure, Inc. | STRL | $30.5B | 105.10 | 27.51 | 26.2% | 60.26 |
| Planet Labs PBC | PL | $15.5B | -62.84 | 82.33 | -131.0% | -79.96 |
| IES Holdings, Inc. | IESC | $14.8B | 48.32 | 16.73 | 34.6% | 33.35 |
| Dycom Industries, Inc. | DY | $14.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 52.18 |
| 7.89 |
| 15.1% |
| 24.09 |
| Legence Corp. | LGN | $14.6B | -244.26 | 20.78 | -8.5% | 96.52 |
| Advanced Energy Industries, Inc. | AEIS | $12.8B | 86.52 | 9.42 | 10.9% | 52.10 |
| Kratos Defense & Security Solutions, Inc. | KTOS | $11.9B | 540.40 | 5.96 | 1.1% | 111.51 |
| SPX Technologies, Inc. | SPXC | $11.8B | 48.45 | 5.28 | 10.9% | 24.67 |
| Peer Median | - | 50.32 | 13.07 | 10.9% | 42.73 | |