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BE Financials Bloom Energy Corp

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 22.3% per year over the past 5 years.
  • Operating margin has expanded, at 3.6% in the latest year.

Financial health

  • Total debt ($2.6B) exceeds cash ($2.5B); net debt is $168M.
  • Total debt has grown faster than revenue (46.3% vs 22.3% per year).
  • Operating income covered interest expense 1.4× in the latest year.
  • Total debt is 36× EBITDA.

Shareholder returns

  • Dividends have been paid for 2 consecutive years, consuming 1.7% of free cash flow.
Revenue & net income
-$336M $833M $2B $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-51% -11% 29% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$456M -$172M $113M $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $1B $3B 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$373M $568M $2B $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.0B -$87M 29.3% 3.6% $57M $2.6B $2.5B
2024 $1.4B -$27M 28.1% 1.6% $33M $1.2B $803M
2023 $1.3B -$308M 15.6% -16.5% -$456M $847M $665M
2022 $1.1B -$315M 13.1% -23.0% -$309M $412M $348M
2021 $907M -$193M 21.8% -12.6% -$110M $527M $396M
2020 $731M -$179M 22.7% -11.0% -$137M $391M $247M
2019 $725M -$323M 13.5% -32.1% $113M $637M $203M
2018 $575M -$291M 18.4% -28.7% -$137M $741M $221M
2017 -$295M -$153M $941M $104M
2016 -$336M -$292M

Valuation over time

How the market has priced BE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 22.1 44.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is BE growing its revenue and profit?

Over the past 5 years, Bloom Energy Corp's revenue has grown 22.3% per year. These are computed facts, not advice.

How much debt does BE have?

As of FY2025, Bloom Energy Corp reported $2.6B of total debt against $2.5B of cash; operating income covered interest expense 1.4×.

What is BE's profit margin?

In FY2025, gross margin was 29.3%, operating margin 3.6%, and net margin -4.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.