Saturday 17 October 2026 Export BE’s income statement to Excel — free account

Bloom Energy Corporation

BE Industrials Electrical Equipment & Parts

Bloom Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 37.3% from fiscal 2024. In the quarter to June 2026, revenue grew 165.5%, EPS grew 477.8%, free cash flow grew 179.4% and total debt rose 93.9%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

221.31 14.99 −6.34%

Follow BE

Alert me

Market cap: $69.6B
P/E: 267×
Fwd P/E: 171×
Dividend yield: —
F-score: 4/9
Altman Z: 3.57
Beneish M: −2.70
Dividend safety: 31/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Share dilution Apr 29, 2026

All filings →

Insider Decisions trades per month

Total sells 165.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	9	2	—	7	5	4	6	4	1	6	4	1

Insider Ownership 3.61%

Capital & Financial Ratios $m

Market Cap 69,600.00

Revenue 3,113.15

Net Income 251.01

Free Cash Flow 624.89

Net Debt (45.49)

Current Ratio 4.09

Debt/Equity 1.60

P/E ratio 266.64

Fwd P/E 171.00

P/S ratio 20.42

P/B ratio 38.75

Past 5Y EPS Growth —

This Y EPS Growth 256.90%

Next Y EPS Growth 85.48%

Next Y revenue growth 103.56%

Next 5Y EPS Growth 121.24%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 95.12%

10-year low 10-year high

P/B against its own 10 years 70.36%

10-year low 10-year high

EV/Sales against its own 10 years 95.07%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	711	913	2,456	2,668
Receivables	341	336	372	549
Inventory	503	545	643	758
Other	41	145	179	365
	1,693	2,044	3,731	4,590

	2023	2024	2025	Q'26
Payables	132	93	203	310
ST’ Debt	—	114	4	7
Other	—	—	—	—
	470	637	624	1,123

Compound Annual Growth %

	10y	5y	3y
Sales	—	20.57%	19.06%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	41.18%	27.92%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	751	1,065	—	—	—
’25	326	401	519	778	2,024
’24	235	336	330	572	1,474
’23	275	301	400	357	1,333
’22	201	243	292	463	1,199
’21	194	228	207	342	972
’20	157	188	200	249	794

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	74	226	—	—	—
’25	(111)	(213)	20	418	114
’24	(147)	(175)	(69)	484	92
’23	(315)	(46)	(133)	122	(373)
’22	(92)	(6)	(70)	(23)	(192)
’21	(89)	54	(73)	47	(61)
’20	(28)	(12)	(40)	(19)	(99)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	48	175	—	—	—
’25	(125)	(220)	7	395	57
’24	(169)	(187)	(84)	473	33
’23	(341)	(66)	(155)	106	(456)
’22	(111)	(32)	(106)	(59)	(309)
’21	(102)	32	(83)	42	(110)
’20	(40)	(19)	(53)	(24)	(137)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.23	0.62	—	—	—
’25	(0.10)	(0.18)	(0.10)	0.00	(0.37)
’24	(0.25)	(0.27)	(0.06)	0.38	(0.13)
’23	(0.35)	(0.32)	(0.80)	0.02	(1.42)
’22	(0.44)	(0.67)	(0.31)	(0.23)	(1.62)
’21	(0.15)	(0.31)	(0.30)	(0.19)	(0.95)
’20	(0.61)	(0.34)	(0.09)	(0.16)	(1.14)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	9.42	2.44	3.00	16.82	11.47	9.51	8.41	15.15	Analyst estimates 2026–2028 Powerpack
	High	—	—	38.00	16.63	31.58	44.95	31.47	26.55	28.70	147.86
People
People	Employees	—	1,409	1,524	1,252	1,711	1,719	2,530	2,377	2,127	2,214
	Revenue/emp, $m	0.00	0.26	0.42	0.63	0.46	0.57	0.47	0.56	0.69	0.91
Income, $m
Income, $m	Revenue	209	366	633	785	794	972	1,199	1,333	1,474	2,024
	Gross margin, %	(49.63)	(4.46)	16.72	12.43	20.87	20.32	12.37	14.83	27.46	29.02
	EBT	(336)	(294)	(290)	(323)	(179)	(192)	(314)	(306)	(26)	(84)
	EBT margin, %	(160.92)	(80.52)	(45.80)	(41.12)	(22.52)	(19.78)	(26.18)	(22.95)	(1.79)	(4.17)
	Net income	(336)	(295)	(291)	(323)	(179)	(193)	(315)	(308)	(27)	(87)
	Depreciation	76	102	79	101	59	57	65	67	60	59
Per share, $
Per share, $	Revenue	20.76	35.68	11.88	6.82	5.73	5.61	6.45	6.27	6.48	8.42
	Earnings	(33.48)	(28.79)	(5.47)	(2.63)	(1.14)	(0.95)	(1.62)	(1.42)	(0.13)	(0.37)
	Cash flow	(28.15)	(8.97)	(1.73)	1.42	(0.71)	(0.35)	(1.03)	(1.75)	0.40	0.47
	Capex	(0.89)	(6.00)	(0.91)	(0.44)	(0.27)	(0.29)	(0.63)	(0.39)	(0.26)	(0.24)
	Free cash flow	(29.05)	(14.97)	(2.64)	0.98	(0.99)	(0.64)	(1.66)	(2.15)	0.15	0.24
	Book value	(25.79)	(48.85)	0.75	(1.46)	1.02	(0.01)	2.04	2.45	2.57	3.30
	Shares, m	10	10	53	115	139	173	186	213	227	240
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	0.01	0.84	1.10	5.01	3.91	2.98	2.35	3.43	10.32
	P/B	0.00	0.00	13.37	0.00	28.12	0.00	9.42	6.03	8.63	26.34
	EV/Sales	0.00	2.11	2.06	2.18	5.70	4.43	3.35	2.80	3.74	10.50
	EV/FCF	0.00	(10.66)	(9.29)	15.43	(32.64)	(38.27)	(12.95)	(8.16)	176.33	383.80
Cash, $m
Cash, $m	Operating cash flow	(283)	(92)	(92)	164	(99)	(61)	(192)	(373)	92	114
	Capex	(9)	(61)	(48)	(51)	(38)	(50)	(117)	(84)	(59)	(57)
	Free cash flow	(292)	(153)	(140)	113	(137)	(110)	(309)	(456)	33	57
Balance, $m
Balance, $m	Working capital	131	149	407	(101)	182	464	514	1,223	1,407	3,107
	Total debt	794	941	1,127	1,083	851	989	854	1,252	1,373	2,810
	Net debt	618	766	773	849	551	500	454	541	459	354
	Shareholders’ equity	(259)	(501)	40	(168)	141	(2)	379	521	585	793
Returns, %
Returns, %	ROA	(23.06)	(22.79)	(19.95)	(21.58)	(11.35)	(10.34)	(16.42)	(13.86)	(1.15)	(2.51)
	ROIC	(41.99)	(36.48)	(12.69)	(21.35)	(7.29)	(14.36)	(19.60)	(12.30)	1.37	3.97
	ROE	14.32	14.97	28.39	479.11	1,190.70	(235.14)	(159.78)	(67.18)	(5.29)	(12.83)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VRT Vertiv Holdings Co.	$82.7B	45.8×	51.6×	+24.12% (above 0%: growing)	+51.76% (above 0%: growing)	+234.04% (above 0%: growing)	37.71%	19.48%	Compare
BE Bloom Energy Corporation	$69.6B	267×	171×	+165.52% (above 0%: growing)	n/m	+179.35% (above 0%: growing)	33.38%	17.11%
HUBB Hubbell Inc	$24.6B	27.2×	26.2×	+15.33% (above 0%: growing)	−0.87% (below 0%: shrinking)	−3.58% (below 0%: shrinking)	35.81%	20.36%	Compare
NVT nVent Electric PLC	$23.6B	38.5×	43.2×	+52.77% (above 0%: growing)	+95.59% (above 0%: growing)	+579.29% (above 0%: growing)	37.93%	20.44%	Compare
AEIS Advanced Energy Industries, Inc.	$10.1B	41.2×	39.0×	+30.03% (above 0%: growing)	+107.46% (above 0%: growing)	+107.60% (above 0%: growing)	41.13%	16.57%	Compare
AYI Acuity, Inc.	$9.0B	17.3×	17.1×	+2.92% (above 0%: growing)	+55.64% (above 0%: growing)	+61.06% (above 0%: growing)	53.85%	18.24%	Compare
ENS Enersys	$6.2B	17.6×	21.1×	+4.77% (above 0%: growing)	+115.54% (above 0%: growing)	+881.05% (above 0%: growing)	33.49%	16.18%	Compare
POWL Powell Industries, Inc.	$6.2B	31.5×	52.3×	+8.90% (above 0%: growing)	+7.25% (above 0%: growing)	+121.73% (above 0%: growing)	30.57%	20.55%	Compare
ATKR Atkore Inc.	$3.2B	— (loss-making)	— (loss-making)	+8.13% (above 0%: growing)	−98.41% (below 0%: shrinking)	−1,006.00% (below 0%: shrinking)	22.18%	8.05%	Compare
Median of peers	$9.6B	31.5×	39.0×	+12.12%	+53.70%	+114.67%	36.76%	18.86%

All 52 Electrical Equipment & Parts stocks →

Bloom Energy Corporation (BE) key facts

Strength: Bloom Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 37.3% from fiscal 2024.
Bloom Energy Corporation (BE) is an Electrical Equipment & Parts company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, BE traded at $221.31, a market capitalization of $69.6 billion.
Return on equity was −12.8% and debt-to-equity 1.60.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 3.57 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.