Bloom Energy (BE) financials
Bloom Energy revenue and earnings by year
Bloom Energy's revenue was $2.02 billion in the fiscal year to December 31, 2025, up 37.3% from the year before. Net income was -$88.4 million, -4.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 28.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.02 | 1.47 | 1.33 | 1.20 | 0.97 | 0.79 | 0.79 | 0.63 | 0.37 | 0.21 |
| Revenue growth | 37.3% | 10.5% | 11.2% | 23.3% | 22.4% | 1.2% | 24.1% | 73.0% | 75.3% | — |
| Gross profit | 0.59 | 0.40 | 0.20 | 0.15 | 0.20 | 0.17 | 0.10 | 0.11 | -0.02 | -0.10 |
| Gross margin | 29.0% | 27.5% | 14.8% | 12.4% | 20.3% | 20.9% | 12.4% | 16.7% | -4.5% | -49.6% |
| Operating income | 0.07 | 0.02 | -0.21 | -0.26 | -0.11 | -0.08 | -0.23 | -0.17 | -0.16 | -0.24 |
| Operating margin | 3.6% | 1.6% | -15.7% | -21.8% | -11.8% | -10.2% | -29.6% | -26.1% | -42.4% | -115.6% |
| Net income | -0.09 | -0.03 | -0.30 | -0.30 | -0.16 | -0.16 | -0.31 | -0.27 | -0.28 | -0.28 |
| Net margin | -4.4% | -2.0% | -22.7% | -25.1% | -16.9% | -19.8% | -39.1% | -43.2% | -75.6% | -134.1% |
| Diluted EPS | -$0.37 | -$0.13 | -$1.42 | -$1.62 | -$0.95 | -$1.17 | -$2.68 | — | -$26.97 | — |
| Free cash flow | 0.06 | 0.03 | -0.46 | -0.31 | -0.11 | -0.14 | 0.11 | -0.14 | -0.15 | -0.29 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open BE in Markets.
How Bloom Energy makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $1.07B | 86.9% |
| Installation | $84.9M | 6.9% |
| Services | $67.6M | 5.5% |
| Electricity | $9.81M | 0.8% |
See also: BE valuation and P/E history · BE returns
No forecast, no recommendation. This page describes Bloom Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.