BLOOM ENERGY CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,622 | 77.3 |
| Stockholders' equity | 769 | 22.7 |
| Total capitalization | 3,391 | 100.0 |
284,443,868 shares outstanding at 24 April 2026 (cover page of the 10-Q filed 29 April 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2,618 |
| Long-term debt, noncurrent | 2,614 |
| Current maturities | 4 |
| Short-term borrowings / commercial paper | 4 |
CAPITAL STOCK 12/31/25
| Outstanding at 4/24/26 | 284,443,868 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3620, Electrical Industrial Apparatus. Large accelerated filer. Principal executive office: 4353 North First Street, San Jose, CA 95134. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 2,002 | 1,441 | 1,269 |
| Cost of revenues | 1,437 | 1,069 | 1,136 |
| Gross profit | 587 | 405 | 198 |
| Research and development | 186 | 149 | 156 |
| Depreciation and amortization | 51 | 53 | 63 |
| Operating income | 73 | 23 | (209) |
| Interest expense | 54 | 63 | 108 |
| Income before income taxes | (84) | (26) | (306) |
| Income taxes | 3 | 1 | 2 |
| Net income | (87) | (27) | (302) |
| Earned per share, diluted ($) | (0.37) | (0.13) | (1.42) |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 2,454 | 803 |
| Receivables, net | 372 | 336 |
| Inventories | 643 | 545 |
| Total current assets | 3,731 | 2,044 |
| Property, plant and equipment, net | 399 | 403 |
| Total assets | 4,397 | 2,657 |
| Total current liabilities | 624 | 637 |
| Long-term debt | 2,614 | 1,014 |
| Total liabilities | 3,604 | 2,072 |
| Stockholders' equity | 769 | 562 |
| Total liabilities and equity | 4,397 | 2,657 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 2,024 | 73 | (87) | -4.3 | (0.37) | – | 114 | 57 | 57 | 4,397 | 3,604 | 2,622 | 769 | -11.3 | 3.41 |
| 12/31/24 | 1,474 | 23 | (27) | -1.8 | (0.13) | – | 92 | 59 | 33 | 2,657 | 2,072 | 1,243 | 562 | -4.8 | 2.21 |
| 12/31/23 | 1,333 | (209) | (302) | -22.7 | (1.42) | – | (373) | 84 | (456) | 2,414 | 1,893 | 847 | 502 | -60.2 | 1.69 |
| 12/31/22 | 1,199 | (261) | (302) | -25.2 | (1.62) | – | (192) | 117 | (309) | 1,947 | 1,568 | 412 | 341 | -88.5 | 1.21 |
| 12/31/21 | 972 | (115) | (164) | -16.9 | (0.95) | – | (61) | 50 | (110) | 1,726 | 1,519 | 527 | (44) | 371.0 | -11.88 |
| 12/31/20 | 794 | (81) | (158) | -19.8 | (1.14) | – | (99) | 38 | (137) | 1,454 | 1,313 | 391 | 79 | -199.9 | 4.96 |
| 12/31/19 | 785 | (233) | (304) | -38.8 | (2.67) | – | 164 | 51 | 113 | 1,323 | 1,490 | 637 | (260) | 117.3 | -2.45 |
| 12/31/18 | 633 | (165) | (274) | -43.2 | (5.14) | – | (92) | 45 | (137) | 1,522 | 1,482 | 741 | (143) | 191.8 | -5.20 |
| 12/31/17 | 366 | (155) | (276) | -75.6 | (26.97) | – | (92) | 61 | (153) | 1,221 | 1,722 | 941 | (2,180) | 12.7 | -0.43 |
| 12/31/16 | 209 | (241) | (280) | -134.1 | (27.84) | – | (283) | 9 | (292) | – | – | – | – | – | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Bloom Energy Corp
CIK 1664703 · EIN 77-0565408
PRINCIPAL OFFICE:
4353 North First Street, San Jose, CA 95134
Tel.: 408-543-1500
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3620 · Electrical Industrial Apparatus
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 9 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/9/26) · 10-K FY2023 (filed 2/15/24) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 3/31/20) · 10-K FY2018 (filed 3/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.