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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$746M
$74M
30.2%
9.7%
$47M
$2.6B
$2.5B
Dec '25
$773M
$1M
31.0%
11.3%
$395M
$2.6B
$2.5B
Sep '25
$513M
-$23M
29.5%
1.5%
$7M
$1.1B
$595M
Jun '25
$396M
-$42M
27.0%
-0.9%
-$220M
$1.1B
$575M
Mar '25
$319M
-$23M
27.8%
-6.0%
-$125M
$1.2B
$795M
Dec '24
$567M
$105M
38.7%
18.5%
$473M
$1.2B
$803M
Sep '24
$322M
-$15M
24.5%
-3.0%
-$84M
$1.2B
$496M
Jun '24
$326M
-$61M
21.0%
-7.1%
-$188M
$1.1B
$582M
Mar '24
$226M
-$57M
16.8%
-21.7%
-$169M
$848M
$516M
Dec '23
$341M
$4M
27.1%
3.8%
$106M
$847M
$665M
Sep '23
$383M
-$168M
-1.4%
-27.0%
-$155M
$842M
$557M
Jun '23
$285M
-$69M
19.8%
-19.1%
-$66M
$958M
$767M
Mar '23
$259M
-$75M
21.0%
-24.6%
-$341M
$402M
$320M
Dec '22
$447M
-$51M
16.0%
-9.1%
-$59M
$412M
$348M
Sep '22
$276M
-$60M
18.4%
-19.0%
-$106M
$483M
$492M
Jun '22
$228M
-$121M
-0.9%
-44.9%
-$32M
$489M
$236M
Mar '22
$185M
-$83M
15.1%
-35.5%
-$111M
$523M
$286M
Dec '21
$326M
-$49M
21.1%
-4.1%
$42M
$527M
$396M
Sep '21
$191M
-$57M
19.3%
-23.0%
-$83M
$504M
$122M
Jun '21
$212M
-$58M
17.6%
-20.1%
$32M
$506M
$204M
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.
The price-to-sales ratio has risen from 5.0× (Mar '23) to 44.1× (Jun '26).
Price / sales (P/S)
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.