Bloom Energy Corp (BE)
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.
- Symbol
- BE
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Market cap
- $77.53B
- 52 week range
- 61.37 - 351.28
Valuation
- Share price
- $275.19 (close of 2026-09-23)
- Price to book
- 81.78x
- Price to free cash flow
- 337.72x
- Enterprise value
- $77.98B
- Book value per share
- $3.37
Price performance
| Period | Change |
|---|
| 1 day | -0.48% |
| 5 days | +1.91% |
| 1 month | +36.60% |
| 3 months | -14.53% |
| 6 months | +94.71% |
| Year to date | +216.71% |
| 1 year | +255.63% |
| 3 years | +1927.93% |
| 5 years | +1301.17% |
| All time | +1000.76% |
Profitability and growth
- Return on equity
- -10.99%
- Return on invested capital
- 5.26%
- Return on assets
- -1.98%
- Return on capital employed
- 1.93%
- Gross margin
- 29.35%
- Net margin
- -4.35%
- EBITDA margin
- 6.16%
- Revenue growth
- 38.87%
- Net income growth
- -220.33%
- Free cash flow growth
- 72.54%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 0.30%
- Current ratio
- 5.03x
- Net debt to EBITDA
- 4.06x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.00B
- Cost of revenue
- $1.44B
- Gross profit
- $587.40M
- EBITDA
- $123.37M
- Net income
- $-87.14M
- Earnings per share
- $-0.37
- Research and development
- $185.99M
- Shares outstanding
- 240.40M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.00B | $587.40M | $-87.14M | $-0.37 |
| 2024-12-31 | $1.44B | $404.65M | $-27.20M | $-0.13 |
| 2023-12-31 | $1.27B | $197.79M | $-302.12M | $-1.42 |
| 2022-12-31 | $1.14B | $148.29M | $-301.71M | $-1.62 |
| 2021-12-31 | $906.86M | $197.58M | $-164.44M | $-0.95 |
| 2020-12-31 | $731.22M | $165.79M | $-157.55M | $-1.14 |
| 2019-12-31 | $724.79M | $97.59M | $-304.41M | $-2.67 |
| 2018-12-31 | $575.12M | $105.75M | $-273.54M | $-5.14 |
| 2017-12-31 | $365.62M | $-16.31M | $-276.36M | $-26.97 |
| 2016-12-31 | $208.54M | $-103.49M | $-279.66M | $-27.84 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 29.35% | -4.35% | -10.99% | 5.26% |
| 2024-12-31 | 28.07% | -1.89% | -4.65% | 1.68% |
| 2023-12-31 | 15.59% | -23.81% | -58.02% | -15.94% |
| 2022-12-31 | 13.06% | -26.57% | -79.64% | -24.83% |
| 2021-12-31 | 21.79% | -18.13% | 9000.82% | -45.59% |
| 2020-12-31 | 22.67% | -21.55% | -111.72% | -24.11% |
| 2019-12-31 | 13.46% | -42.00% | 180.87% | -87.62% |
| 2018-12-31 | 18.39% | -47.56% | 191.81% | -60.31% |
| 2017-12-31 | -4.46% | -75.59% | 12.68% | - |
| 2016-12-31 | -49.63% | -134.10% | 0.00% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $2.45B | $2.61B |
| 2024-12-31 | $802.85M | $1.01B |
| 2023-12-31 | $664.59M | $846.63M |
| 2022-12-31 | $348.50M | $385.56M |
| 2021-12-31 | $396.04M | $500.90M |
| 2020-12-31 | $246.95M | $270.05M |
| 2020-01-01 | $202.82M | $299.23M |
| 2019-12-31 | $202.82M | $299.23M |
| 2019-01-01 | $325.08M | $711.43M |
| 2018-12-31 | $325.08M | $711.43M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $57.19M | - |
| 2024-12-31 | $33.15M | - |
| 2023-12-31 | $-456.27M | - |
| 2022-12-31 | $-308.55M | - |
| 2021-12-31 | $-110.49M | - |
| 2020-12-31 | $-136.71M | - |
| 2019-12-31 | $112.72M | - |
| 2018-12-31 | $-137.15M | $180.30M |
| 2017-12-31 | $-153.42M | $30.50M |
| 2016-12-31 | $-291.81M | $28.20M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $0.57
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | $0.23 |
| 2026-04-28 | - | - |
| 2026-02-05 | - | - |
| 2025-10-28 | - | - |
| 2025-07-31 | - | - |
| 2025-05-07 | - | - |
| 2025-04-30 | - | - |
| 2025-02-27 | - | - |
Filings and sources
- Company website
- bloomenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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