Bloom Energy Corporation (BE) Income Statement
BE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBE revenue and net income
Where BE's revenue goes
2025Each bar shows an amount and its share of revenue. BE kept −4.4% of revenue as net income.
BE profit margins
BE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +37.3% | +19.1% | +20.6% | +27.9% |
| Gross profit | +45.2% | +58.2% | +29.5% | — |
| Operating income | +217.8% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +284.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BE quarterly EPS vs estimates
Bloom Energy beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.56).
BE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $1.47B | $1.33B | $1.20B | $972.2M | $794.2M | $785.2M | $742.0M | $376.0M | $208.5M |
| Cost of revenue | $1.44B | $1.07B | $1.14B | $1.05B | $777.2M | $632.8M | $690.4M | $532.5M | $397.3M | $309.8M |
| Gross profit | $587.4M | $404.6M | $197.8M | $148.3M | $195.0M | $161.4M | $94.8M | $100.1M | −$21.3M | −$101.3M |
| Research & development | $186.0M | $148.6M | $155.9M | $150.6M | $103.4M | $83.6M | $104.2M | $89.1M | $51.1M | $46.8M |
| Sales, general & admin | $328.6M | $233.1M | $250.8M | $258.7M | $208.7M | $163.0M | $226.2M | $181.8M | $88.1M | $90.6M |
| Total operating expenses | $514.6M | $381.7M | $406.7M | $409.3M | $312.1M | $246.6M | $330.4M | $270.9M | $139.2M | $137.5M |
| Operating income | $72.8M | $22.9M | −$208.9M | −$261.0M | −$117.1M | −$85.2M | −$235.6M | −$170.6M | −$160.5M | −$244.1M |
| Interest income | $60.8M | $25.3M | $16.3M | $3.9M | $69.7M | $1.5M | $90.7M | $123.7M | $138.8M | $94.2M |
| Interest expense | $53.9M | $62.6M | $108.3M | $53.5M | $69.0M | $78.8M | $94.2M | $105.9M | $124.3M | $81.2M |
| Income before taxes | −$84.4M | −$26.4M | −$306.0M | −$314.0M | −$192.3M | −$178.8M | −$322.8M | −$258.0M | −$280.6M | −$335.6M |
| Income taxes | $2.7M | $846,000 | $1.9M | $1.1M | $1.0M | $256,000 | $633,000 | $1.5M | $636,000 | $729,000 |
| Net income | −$88.4M | −$29.2M | −$302.1M | −$301.4M | −$164.4M | −$157.6M | −$304.4M | −$273.5M | −$262.6M | −$279.7M |
| EBITDA | $20.1M | $89.3M | −$135.1M | −$198.9M | −$69.8M | −$42.4M | −$150.0M | −$129.9M | −$117.6M | −$211.3M |
| EPS (diluted) | $0.73 | $0.19 | −$0.17 | −$0.57 | −$0.55 | −$0.69 | −$0.62 | −$0.99 | −$1.28 | −$27.66 |
| Gross margin | 29.0% | 27.5% | 14.8% | 12.4% | 20.1% | 20.3% | 12.1% | 13.5% | −5.7% | −48.6% |
| Operating margin | 3.6% | 1.6% | −15.7% | −21.8% | −12.0% | −10.7% | −30.0% | −23.0% | −42.7% | −117.1% |
| Net margin | −4.4% | −2.0% | −22.7% | −25.1% | −16.9% | −19.8% | −38.8% | −36.9% | −69.8% | −134.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $751.1M | $777.7M | $519.0M | $401.2M | $326.0M | $572.4M | $330.4M | $335.8M | $235.3M | $356.9M | $400.3M |
| Cost of revenue | $709.8M | $525.5M | $537.8M | $367.4M | $256.4M | $237.2M | $353.1M | $246.8M | $230.0M | $197.2M | $264.5M | $405.5M |
| Gross profit | $355.6M | $225.5M | $239.9M | $151.7M | $144.8M | $88.8M | $219.3M | $83.6M | $105.7M | $38.1M | $92.4M | −$5.2M |
| Research & development | $58.9M | $56.8M | $55.9M | $48.7M | $40.8M | $40.6M | $39.5M | $36.3M | $37.4M | $35.5M | $33.6M | $35.1M |
| Sales, general & admin | $114.5M | $96.5M | $96.5M | $95.1M | $69.9M | $67.2M | $75.1M | $52.1M | $54.3M | $51.6M | $45.9M | $63.4M |
| Total operating expenses | $173.3M | $153.4M | $152.4M | $143.8M | $110.6M | $107.8M | $114.6M | $88.4M | $91.7M | $87.1M | $79.5M | $98.5M |
| Operating income | $182.2M | $72.2M | $87.5M | $7.8M | $34.2M | −$19.0M | $104.7M | −$4.8M | $14.1M | −$49.0M | $12.9M | −$103.7M |
| Interest income | $20.9M | $20.6M | $18.0M | $5.3M | $6.6M | $8.6M | $4.9M | $6.5M | $6.4M | $7.5M | $6.1M | $7.4M |
| Interest expense | $8.9M | $8.6M | $10.6M | $14.4M | $14.4M | $14.4M | $16.0M | $16.8M | $15.4M | $14.5M | $14.6M | $68.0M |
| Income before taxes | $200.3M | $74.1M | $2.4M | −$22.6M | −$41.2M | −$23.0M | $105.5M | −$14.5M | −$60.3M | −$57.0M | $4.9M | −$167.4M |
| Income taxes | $1.5M | $445,000 | $952,000 | $336,000 | $1.0M | $431,000 | $382,000 | $109,000 | $856,000 | −$501,000 | $811,000 | $646,000 |
| Net income | $196.3M | $70.7M | $1.1M | −$23.1M | −$42.6M | −$23.8M | $104.8M | −$14.7M | −$61.8M | −$57.5M | $4.5M | −$169.0M |
| EBITDA | $223.0M | $96.0M | $26.2M | $4.6M | −$14.1M | $3.4M | $135.4M | $15.5M | −$31.5M | −$30.0M | $31.8M | −$84.8M |
| EPS (diluted) | $0.61 | $0.44 | $0.45 | $0.15 | $0.10 | $0.03 | $0.43 | −$0.01 | −$0.06 | −$0.17 | $0.07 | $0.15 |
| Gross margin | 33.4% | 30.0% | 30.8% | 29.2% | 36.1% | 27.2% | 38.3% | 25.3% | 31.5% | 16.2% | 25.9% | −1.3% |
| Operating margin | 17.1% | 9.6% | 11.3% | 1.5% | 8.5% | −5.8% | 18.3% | −1.4% | 4.2% | −20.8% | 3.6% | −25.9% |
| Net margin | 18.4% | 9.4% | 0.1% | −4.4% | −10.6% | −7.3% | 18.3% | −4.5% | −18.4% | −24.4% | 1.3% | −42.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BE's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BE financial results
In fiscal year 2025 (ended December 31, 2025), Bloom Energy reported revenue of $2.0 billion, up 37.3% from the year before. It had a net loss of $88.4 million, a net profit margin of −4.4%. Diluted earnings per share came to $0.73. Over five years revenue grew at an average rate of 20.6% a year.
See the BE stock overview for the latest quote and news, or the BE chart for price history and technical indicators.
BE income statement FAQ
What is Bloom Energy's annual revenue?
Bloom Energy reported total revenue of $2.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 37.3% from $1.5 billion the previous year.
Is Bloom Energy profitable?
No. Bloom Energy reported a net loss of $88.4 million in fiscal 2025, a net profit margin of −4.4%; its operating margin was 3.6%.
What is Bloom Energy's gross margin?
Bloom Energy's gross margin was 29.0% in fiscal 2025: for every $100 of revenue, Bloom Energy kept $29 after the direct cost of its products and services.
How much does Bloom Energy spend on research and development?
Bloom Energy spent $186.0 million on research and development in fiscal 2025, 9.2% of revenue.
How fast is Bloom Energy growing?
Revenue grew 20.6% a year on average over the last five fiscal years, from $794.2 million to $2.0 billion.
What are Bloom Energy's earnings per share?
Bloom Energy earned $0.73 per diluted share in fiscal 2025, compared with $0.19 a year earlier.
When will Bloom Energy report its next earnings?
Bloom Energy is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Bloom Energy's fiscal year end?
Bloom Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.