Bloom Energy
BE NYSE· Electrical Components & Equipment
Last close · Oct 26, 2026
$203.92
KIRA · Stoqly’s AI analyst, in plain words
- Bloom Energy had $2.0B of revenue in fiscal 2025, up 37.3% on the year before. Over five years, revenue changed +20.6% a year on average.
- Its operating margin was 3.6%, up 2.1 pts: of every 100 in sales, about 4 is left after running the business.
- Bloom Energy lost $87.1M in fiscal 2025.
- Free cash flow was $57.2M in fiscal 2025, 2.8% of revenue.
- Bloom Energy returned $1.0M to shareholders in fiscal 2025, 2% of free cash flow. The diluted share count rose 5.7%.
- Bloom Energy owes $173M more than it holds in cash, about 1.4 years of operating profit.
Market cap
$66.1B
P/E
124.3x
Revenue
$2.0B
Net income
−$87.1M
Free cash flow
$57.2M
Operating margin
3.6%
Bloom Energy in 30 seconds · fiscal 2025
Are sales growing?
+37.3%
Yes. Sales grew 37.3% last year.
Does it make a profit?
−4.3%
No. It lost money last year.
Does profit turn into cash?
2.8%
Partly. 2.8% of sales ends up as free cash.
Is debt under control?
1.4x
Keep an eye on it. Repaying its debt would take 1.4 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
124.3x
One share costs 124.3 times its yearly profit per share. Typical for its sector: 26.0x.
What Bloom Energy does
Bloom Energy makes fuel cell systems that produce electricity on the customer's own site. Its main product, the Bloom Energy Server, uses a solid-oxide fuel cell to turn fuels such as natural gas, biogas and hydrogen into electricity without burning them. It also sells the Bloom Electrolyzer, which makes hydrogen. It is based in Silicon Valley, makes its systems in the United States and employs more than 2,000 people. Its customers are large companies, including those running data centers, semiconductor factories, artificial intelligence infrastructure and utilities. Its Energy Server systems are in use at about 1,100 sites in 9 countries. Most of its revenue comes from selling Energy Server systems, with additional recurring revenue from long-term operations and maintenance agreements. Bloom says demand for power is rising because of data centers and artificial intelligence, and that grid limits and permitting delays are slowing new power connections.
Biggest risks, in its own words
- Markets for onsite power and hydrogen are new and may not gain wide acceptance.
- Long sales and installation cycles, and high upfront costs that depend on outside financing for some customers.
- Growing concentration of customers in AI data centers.
- Dependence on fuel prices and on fuel supply and utility connection rules.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 9, 2026
- Legal name
- BLOOM ENERGY CORPORATION
- CIK
- 0001664703
Bloom Energy · BE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $972M | $1.2B | $1.3B | $1.5B | $2.0B |
| Revenue growth | 22.4% | 23.3% | 11.2% | 10.5% | 37.3% |
| Gross margin | 20.3% | 12.4% | 14.8% | 27.5% | 29.0% |
| Operating margin | −11.8% | −21.8% | −15.7% | 1.6% | 3.6% |
| Net income | −$164M | −$302M | −$302M | −$27.2M | −$87.1M |
| Net margin | −16.9% | −25.2% | −22.7% | −1.9% | −4.3% |
| Diluted EPS | −$0.95 | −$1.62 | −$1.42 | −$0.13 | −$0.37 |
| Cash | |||||
| Cash from operations | −$60.7M | −$192M | −$373M | $92.0M | $114M |
| Capital expenditure | $49.8M | $117M | $83.7M | $58.9M | $56.8M |
| Free cash flow | −$110M | −$309M | −$456M | $33.2M | $57.2M |
| FCF margin | −11.4% | −25.7% | −34.2% | 2.3% | 2.8% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $1.5M | $0.9M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 25.0% | 7.2% | 14.4% | 6.9% | 5.7% |
| Debt and strength | |||||
| Cash and short-term investments | $396M | $349M | $665M | $803M | $2.5B |
| Debt incl. finance leases | $530M | $415M | $850M | $1.2B | $2.6B |
| Shareholders' equity | −$44.3M | $341M | $502M | $563M | $769M |
| Net debt / EBITDA | — | — | — | 5.8x | 1.4x |
| Current ratio | 2.4x | 2.0x | 3.6x | 3.2x | 6.0x |
| Interest coverage | −1.7x | −4.9x | −1.9x | 0.4x | 1.4x |
| Returns and quality | |||||
| Return on capital | −43.4% | −71.5% | −28.7% | 2.1% | 5.8% |
| Return on equity | — | −203.6% | −71.7% | −5.1% | −13.1% |
| Piotroski F-score | 4 | 3 | 3 | 4 | 5 |
| Altman Z'' | −4.9 | −4.9 | −2.2 | −1.0 | 2.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$165M
11 insiders
Of sales under plans
59%
$98.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Bloom Energy · BE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Bloom Energy BE | $66.1B | 37.3% | 3.6% | 2.8% | 5.8% | 124.3x | 5 |
| Nextpower NXT | $11.9B | 20.3% | 19.6% | 14.4% | 54.5% | 19.8x | 3 |
| Woodward WWD | $18.6B | 7.3% | — | 9.5% | 16.8% | 34.0x | 8 |
| Sensata Technologies ST | $6.0B | −5.8% | 6.4% | 13.2% | 2.2% | 67.8x | 6 |
| EnerSys ENS | $6.4B | 3.7% | 11.4% | 12.5% | 13.7% | 18.1x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $203.92 a share, the company is worth $66.1B: 124.3 times its earnings of the last four quarters.
Bloom Energy grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 4 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001664703). Data updated October 22, 2026. For information only — not investment advice. Check the original filings before relying on any figure.