Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Bloom Energy (BE) delivered strong FY2025 revenue growth of 37.3% to $2.02B, with operating income surging 217.8% to $72.8M, though the company still reported a negative EPS of -$0.37 amid a significant balance sheet expansion driven by a large financing round.
Revenue
$2.02B
+37.33% YoY
EPS (Diluted)
-$0.37
-184.62% YoY
Gross Margin
29.0%
+1.6 pts YoY
Operating Income
$72.8M
+217.79% YoY
Source: SEC XBRL
Bloom Energy (BE) reported FY2025 revenue of $2.02B, up 37.3% year over year. Operating margin was 3.6%, up 2.0 points from 1.6% a year earlier. Operating cash flow was $113.95M, up 23.9% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.78 | 0.42 | Beat +86.6% |
| Mar 2026 | 0.44 | 0.13 | Beat +228.6% |
| Dec 2025This filing | 0.45 | 0.32 | Beat +40.7% |
| Sep 2025 | 0.15 | 0.10 | Beat +55.1% |
Reported EPS of $0.45 versus the $0.32 analyst consensus — a +40.7% beat for Dec 2025.
Compiled by AI from this SEC filing
Revenue grew 37.3% year-over-year to approximately $2.02B in FY2025 (from $1.47B in FY2024), indicating strong demand for Bloom Energy's fuel cell solutions and accelerating commercial momentum across its customer base.
Source: 10-K Income Statement
Gross profit rose 45.2% to $587.4M, with gross margin improving approximately 160 basis points to 29.0% from 27.5%, suggesting improving manufacturing efficiency and favorable product mix.
Source: 10-K Income Statement
Operating income surged 217.8% to $72.8M, with operating margin expanding from 1.6% to 3.6%, reflecting significant operating leverage as revenue scaled faster than operating expenses including R&D ($186.0M, +25.1%).
Source: 10-K Income Statement
Cash and equivalents more than tripled to $2.45B (from $803M), driven by $1.51B in financing cash flows, providing a strong liquidity buffer to fund future growth and capital commitments.
Source: 10-K Balance Sheet & Cash Flow Statement
Long-term debt more than doubled to $2.62B from $1.13B, reflecting significant capital raises to fund expansion; the debt-to-equity ratio stands at 4.69x, which warrants monitoring as the company scales.
Source: 10-K Balance Sheet
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Long-term debt surged 131.9% to $2.62B in FY2025, resulting in a debt-to-equity ratio of 4.69x. While the company holds $2.45B in cash, the elevated leverage increases financial risk and interest expense burden, which may weigh on future profitability.
Source: 10-K Balance Sheet
Despite strong revenue growth and operating income improvement, BE reported a negative EPS of -$0.37 (worse than -$0.13 in FY2024), indicating that below-the-line costs such as interest expense are consuming operating gains. Sustained net losses could pressure equity value over time.
Source: 10-K Income Statement
Investing cash outflows increased 58.4% to -$93.1M, and the company relies heavily on external financing (financing cash flows of $1.51B) to fund operations and growth. Any disruption to capital markets access could constrain expansion plans.
Source: 10-K Cash Flow Statement
R&D expenses grew 25.1% to $186.0M in FY2025, reflecting ongoing investment in technology development. While necessary for long-term competitiveness, this level of spending limits near-term profitability improvement.
Source: 10-K Income Statement
The 37.3% revenue jump suggests lumpy, project-based revenue recognition typical of large energy infrastructure deployments. Delays in customer installations or project completions could cause significant revenue variability quarter-to-quarter.
Source: 10-K Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.02 $B | 1.47 $B | +37.33% |
Cost of Revenue $B | 1.44 $B | 1.07 $B | +34.36% |
Gross Profit $M | 587.40 $M | 404.65 $M | +45.16% |
Operating Income $M | 72.80 $M | 22.91 $M | +217.79% |
EPS (Basic) $ | -0.37 $ | -0.13 $ | -184.62% |
EPS (Diluted) $ | -0.37 $ | -0.13 $ | -184.62% |
R&D Expense $M | 185.99 $M | 148.63 $M | +25.14% |
Answers draw on this SEC filing and the data on this page
Bloom Energy delivered a sharp turnaround in Q2 FY2026 with total revenue more than doubling to $1,065.4M and net income attributable to common stockholders of $196.3M (vs. a $42.6M loss a year ago), driven by strong product revenue growth and a return to operating profitability.
Bloom Energy (BE) delivered a dramatic Q1 2026 turnaround, with revenue surging 130.4% YoY to $751.1M and operating income swinging from a $19.1M loss to a $72.2M profit, driven by strong product demand and significant margin expansion.