Bloom Energy Corp (BE) financial statements: income statement, balance sheet and cash flow
Bloom Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Bloom Energy Corp reported revenue of $2.0B (+37.3% year on year) and net income of ($88.4M) (-202.6% year on year).
Income statement
Bloom Energy Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$2.0B
$1.5B
$1.3B
$1.2B
Total cost of revenue
$1.4B
$1.1B
$1.1B
$1.1B
Gross profit
$587.4M
$404.6M
$197.8M
$148.3M
Research and development
$186.0M
$148.6M
$155.9M
$150.6M
Sales and marketing
$130.2M
$68.0M
$90.0M
$90.9M
General and administrative
$198.4M
$165.1M
$160.9M
$167.7M
Total operating expenses
$514.6M
$381.7M
$406.7M
$409.3M
Income (loss) from operations
$72.8M
$22.9M
($208.9M)
($261.0M)
Interest income
$34.1M
$25.3M
$19.9M
$3.9M
Interest expense
($53.9M)
($62.6M)
($108.3M)
($53.5M)
Equity in loss of unconsolidated affiliates
($40.4M)
—
—
—
Other income (expense), net
$2.2M
$15.9M
($2.8M)
$5.0M
Loss on extinguishment of debt
($32.3M)
($27.2M)
($4.3M)
($9.0M)
Debt conversion inducement expense
($66.2M)
—
—
—
Loss on revaluation of embedded derivatives
($537.0K)
($694.0K)
—
—
Loss before income taxes
($84.4M)
($26.4M)
($306.0M)
($314.0M)
Income tax provision
$2.7M
$846.0K
$1.9M
$1.1M
Net loss
($87.1M)
($27.2M)
($307.9M)
($315.1M)
Less: Net income (loss) attributable to noncontrolling interest
$1.3M
$2.0M
—
—
Net loss attributable to common stockholders
($88.4M)
($29.2M)
($302.1M)
($301.7M)
Net loss per share available to common stockholders, basic (in dollars per share)
-$0.37
-$0.13
-$1.42
-$1.62
Net loss per share available to common stockholders, diluted (in dollars per share)
-$0.37
-$0.13
-$1.42
-$1.62
Weighted average shares used to compute net loss per share available to common stockholders, basic (in shares)
$240402000.00
$227365000.00
$212681000.00
$185907000.00
Weighted average shares used to compute net loss per share available to common stockholders, diluted (in shares)
$240402000.00
$227365000.00
$212681000.00
$185907000.00
Bloom Energy Corp income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Total revenue
$1.2B
$1.1B
$751.1M
$519.0M
Total cost of revenue
$818.7M
$709.8M
$525.5M
$367.4M
Gross profit
$417.1M
$355.6M
$225.5M
$151.7M
Research and development
$64.1M
$58.9M
$56.8M
$48.7M
Sales and marketing
$52.4M
$43.0M
$38.4M
$42.0M
General and administrative
$75.1M
$71.4M
$58.1M
$53.1M
Total operating expenses
$191.7M
$173.3M
$153.4M
$143.8M
Income (loss) from operations
$225.4M
$182.2M
$72.2M
$7.8M
Interest income
$22.1M
$20.9M
$20.6M
$5.3M
Interest expense
($7.5M)
($8.9M)
($8.6M)
($14.4M)
Equity in loss of unconsolidated affiliates
($2.9M)
$4.3M
($17.0M)
($19.6M)
Other income (expense), net
$12.6M
$2.3M
$6.2M
($1.4M)
Loss on extinguishment of debt
$0
$0
—
$0
Gain (loss) on revaluation of embedded derivatives
$10.0K
($539.0K)
$754.0K
($411.0K)
Income (loss) before income taxes
$249.8M
$200.3M
$74.1M
($22.6M)
Income tax provision
$817.0K
$1.5M
$445.0K
$336.0K
Net income (loss)
$249.0M
$198.9M
$73.7M
($23.0M)
Less: Net (loss) income attributable to noncontrolling interest
($1.3M)
$2.6M
$3.0M
$133.0K
Net income (loss) attributable to common stockholders
$250.3M
$196.3M
$70.7M
($23.1M)
Basic (in dollars per share)
$0.85
$0.68
$0.25
-$100.00
Diluted (in dollars per share)
$0.78
$0.62
$0.23
-$100.00
Basic (in shares)
294.8M
287.3M
281.7M
234.9M
Diluted (in shares)
324.3M
323.3M
319.7M
234.9M
Balance sheet
Bloom Energy Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$2.5B
$802.9M
$664.6M
$348.5M
Restricted cash
$2.0M
$110.6M
$46.8M
$51.5M
Accounts receivable, less allowance for credit losses
$371.8M
$335.8M
$340.7M
$251.0M
Contract assets, current
$178.9M
$145.2M
$41.4M
$46.7M
Inventories
$643.3M
$544.7M
$502.5M
$268.4M
Deferred cost of revenue
$30.7M
$58.8M
$46.0M
$46.2M
Prepaid expenses and other current assets
$49.8M
$46.2M
$51.1M
$43.6M
Total current assets
$3.7B
$2.0B
$1.7B
$1.1B
Property, plant and equipment, net
$398.5M
$403.5M
$493.4M
$600.4M
Investments in unconsolidated affiliates
$10.0M
—
—
—
Operating lease right-of-use assets
$108.5M
$122.5M
$139.7M
$127.0M
Restricted cash
$25.5M
$37.5M
$33.8M
$118.4M
Contract assets
$62.3M
—
—
—
Deferred cost of revenue
$4.1M
$3.6M
$3.5M
$4.7M
Other long-term assets
$57.2M
$46.1M
$50.2M
$40.2M
Total assets
$4.4B
$2.7B
$2.4B
$1.9B
Accounts payable
$203.1M
$92.7M
$132.1M
$161.8M
Accrued warranty
$20.0M
$16.6M
$19.3M
$17.3M
Accrued expenses and other current liabilities
$222.3M
$138.4M
$130.9M
$144.2M
Deferred revenue and customer deposits
$101.0M
$243.3M
$128.9M
$159.0M
Operating lease liabilities, current
$22.0M
$19.6M
$20.2M
$16.2M
Financing obligations
$51.3M
$11.7M
$39.0M
$17.4M
Recourse debt
$0
$114.4M
$0
$12.7M
Non-recourse debt
$4.2M
—
$0
$13.3M
Total current liabilities
$623.8M
$636.8M
$470.4M
$541.9M
Deferred revenue and customer deposits
$42.8M
$43.1M
$19.1M
$56.4M
Operating lease liabilities, noncurrent
$106.9M
$124.5M
$141.9M
$132.4M
Financing obligations
$192.5M
$244.1M
$405.8M
$442.1M
Recourse debt
$2.6B
$1.0B
$842.0M
$273.1M
Non-recourse debt
$0
$4.1M
$4.6M
$112.5M
Deferred profit in transactions with unconsolidated affiliates
$13.9M
—
—
—
Other long-term liabilities
$10.0M
$9.2M
$9.0M
$9.5M
Total liabilities
$3.6B
$2.1B
$1.9B
$1.6B
Common stock: 0.0001 par value; Class A shares—600,000,000 shares authorized, and 280,045,459 shares and 229,142,474 shares issued and outstanding, and Class B shares—470,092,742 shares authorized, and no shares issued and outstanding at December 31, 2025 and 2024, respectively.
28.0K
23.0K
21.0K
20.0K
Additional paid-in capital
$4.8B
$4.5B
$4.4B
$3.9B
Accumulated other comprehensive loss
($369.0K)
($2.6M)
($1.7M)
($1.3M)
Accumulated deficit
($4.0B)
($3.9B)
($3.9B)
($3.6B)
Total stockholders’ equity attributable to common stockholders
$768.6M
$562.5M
$502.1M
$340.8M
Noncontrolling interest
$24.3M
$22.7M
$18.6M
$38.0M
Total stockholders’ equity
$793.0M
$585.2M
$520.7M
$378.8M
Total liabilities and stockholders’ equity
$4.4B
$2.7B
$2.4B
$1.9B
Bloom Energy Corp balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Cash and cash equivalents
$2.5B
$2.7B
$2.5B
$595.1M
Restricted cash
$852.0K
$1.1M
$1.3M
$8.5M
Accounts receivable, less allowance for credit losses of $2,998 and $460 as of September 30, 2026 and December 31, 2025, respectively
$634.7M
$458.1M
$359.4M
$411.7M
Contract assets
$792.8M
$365.5M
$242.6M
$258.9M
Inventories
$927.7M
$758.2M
$732.5M
$705.0M
Deferred cost of revenue, current
$95.7M
$67.3M
$23.4M
$24.1M
Customer consideration asset
$91.0M
$91.0M
—
—
Prepaid expenses and other current assets
$178.2M
$182.1M
$104.0M
$44.7M
Total current assets
$5.2B
$4.6B
$4.0B
$2.0B
Property, plant and equipment, net
$539.7M
$443.4M
$401.1M
$400.4M
Investments in unconsolidated affiliates
$28.2M
$28.1M
$23.3M
$5.9M
Operating lease right-of-use assets
$99.9M
$106.5M
$109.4M
$112.7M
Restricted cash
$20.6M
$20.6M
$25.6M
$23.5M
Contract assets
$65.8M
$62.8M
$63.3M
—
Deferred cost of revenue
$21.9M
$7.7M
$4.3M
$3.4M
Customer consideration asset
$215.5M
$215.5M
—
—
Other long-term assets
$372.1M
$153.7M
$83.3M
$44.4M
Total assets
$6.6B
$5.6B
$4.7B
$2.6B
Accounts payable
$493.0M
$309.9M
$241.6M
$167.4M
Accrued warranty
$70.3M
$77.8M
$38.4M
$14.7M
Accrued expenses and other current liabilities
$479.8M
$315.9M
$223.7M
$168.4M
Deferred revenue and customer deposits
$279.0M
$327.1M
$194.1M
$56.1M
Operating lease liabilities
$24.0M
$23.1M
$21.9M
$21.4M
Financing obligations
$42.8M
$62.0M
$63.2M
$36.6M
Non-recourse debt
$3.0M
$2.6M
$4.0M
$1.4M
Total current liabilities
$1.4B
$1.1B
$786.8M
$466.0M
Deferred revenue and customer deposits
$475.4M
$117.9M
$39.3M
$32.3M
Operating lease liabilities
$96.5M
$102.7M
$107.2M
$112.2M
Financing obligations
$142.2M
$144.4M
$152.8M
$209.8M
Recourse debt
$2.5B
$4.7M
$2.6B
$0
Deferred profit in transactions with unconsolidated affiliates
$20.1M
$19.6M
$22.8M
—
Other long-term liabilities
$9.0M
$9.2M
$9.2M
$9.7M
Total liabilities
$4.6B
$4.0B
$3.7B
$2.0B
Common stock: 0.0001 par value; 600,000,000 shares authorized, and 295,537,217 shares and 280,045,459 shares issued and outstanding, at September 30, 2026 and December 31, 2025, respectively14
30.0K
29.0K
28.0K
24.0K
Additional paid-in capital
$5.4B
$5.3B
$4.8B
$4.6B
Accumulated other comprehensive loss
($457.0K)
$347.0K
$3.0M
($1.2M)
Accumulated deficit
($3.5B)
($3.7B)
($3.9B)
($4.0B)
Total stockholders’ equity attributable to common stockholders
$1.9B
$1.6B
$921.5M
$653.1M
Noncontrolling interest
$30.2M
$28.7M
$26.5M
$24.4M
Total stockholders’ equity
$2.0B
$1.6B
$948.0M
$677.5M
Total liabilities and stockholders’ equity
$6.6B
$5.6B
$4.7B
$2.6B
Cash flow statement
Bloom Energy Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($87.1M)
($27.2M)
($307.9M)
($315.1M)
Depreciation and amortization
$50.6M
$53.0M
$62.6M
$61.6M
Non-cash lease expense
$32.5M
$35.9M
$33.6M
$20.2M
Equity in loss of unconsolidated affiliates, net of distributions
$40.4M
—
—
—
Loss on disposal of property, plant and equipment
$436.0K
$161.0K
$411.0K
—
Revaluation of derivative contracts
$537.0K
$694.0K
$1.6M
($9.6M)
Impairment of assets
$12.7M
$0
$130.1M
$113.5M
Derecognition of loan commitment asset related to SK ecoplant Second Tranche Closing (Note 17)
$0
$0
$52.8M
—
Stock-based compensation expense
$139.4M
$82.4M
$84.5M
$112.3M
Amortization of debt issuance costs
$8.2M
$6.8M
$4.8M
$3.0M
Loss on extinguishment of debt
$32.3M
$27.2M
$4.3M
$9.0M
Debt conversion inducement expense (Note 8)
$66.2M
—
—
—
Net (gain) loss on failed sale-and-leaseback transactions
($827.0K)
($17.4M)
—
—
Share-based consideration payable to customer’s customer (Note 3)
$15.9M
—
—
—
Allowance for credit losses
$340.0K
—
—
—
Inventory reserve and other assets impairment
$21.9M
—
—
—
Unrealized foreign currency exchange (gain) loss
($2.3M)
$3.8M
$618.0K
($3.3M)
Other
($57.0K)
$69.0K
$450.0K
$3.5M
Accounts receivable
($35.5M)
$7.1M
($89.9M)
($162.9M)
Contract assets
($96.0M)
($103.8M)
$5.4M
($21.5M)
Inventories
($119.2M)
($44.5M)
($231.7M)
($124.9M)
Deferred cost of revenue
$27.2M
($13.1M)
$1.7M
($24.3M)
Prepaid expenses and other assets
($3.6M)
$3.8M
($5.8M)
($17.6M)
Other long-term assets
($11.1M)
$4.1M
($3.4M)
($2.6M)
Operating lease right-of-use assets and operating lease liabilities
($33.4M)
($36.7M)
($32.8M)
$3.0M
Financing lease liabilities
$2.6M
$1.6M
$1.0M
$896.0K
Accounts payable
$110.9M
($36.6M)
($29.1M)
$86.5M
Accrued warranty
$3.5M
($2.8M)
$2.0M
$5.6M
Accrued expenses and other current liabilities
$80.3M
$8.7M
($13.8M)
$43.2M
Deferred revenue and customer deposits
($142.6M)
$139.9M
($42.6M)
$35.2M
Deferred profit with equity method investees and other long-term liabilities
($251.0K)
($1.1M)
($1.4M)
($10.0M)
Net cash provided by (used in) operating activities
$113.9M
$92.0M
($372.5M)
($191.7M)
Purchase of property, plant and equipment
($56.8M)
($58.9M)
($83.7M)
($116.8M)
Proceeds from sale of property, plant and equipment
$131.0K
$70.0K
$14.0K
—
Investments in unconsolidated affiliates
($36.5M)
—
—
—
Net cash used in investing activities
($93.1M)
($58.8M)
($83.7M)
($116.8M)
Proceeds from issuance of debt
$2.5B
$402.5M
$637.1M
$0
Payment of debt issuance costs
($62.7M)
($12.8M)
($19.7M)
$0
Repayment of debt
($975.9M)
($141.0M)
($191.4M)
($19.9M)
Purchase of capped call options related to convertible notes
$0
$0
($54.5M)
—
Proceeds from financing obligations
$0
$1.8M
$5.0M
$3.3M
Repayment of financing obligations
($11.3M)
($90.2M)
($18.4M)
($35.5M)
Distributions and payments to noncontrolling interest
$0
$0
($2.3M)
($6.9M)
Proceeds from issuance of common stock
$59.1M
$12.4M
$16.9M
$15.3M
Buyout of noncontrolling interest
$0
$0
($6.9M)
($12.0M)
Bloom Energy Corp cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net income (loss)
$521.5M
$272.5M
$73.7M
($88.6M)
Depreciation and amortization
$40.8M
$27.0M
$13.3M
$37.4M
Non-cash lease expense
$25.9M
$16.0M
$8.0M
$24.5M
Equity in loss of unconsolidated affiliates
$15.6M
$12.7M
$17.0M
$19.6M
Stock-based compensation expense
$157.6M
$100.4M
$48.2M
$96.6M
Amortization of debt issuance costs
$10.0M
$6.8M
$3.4M
$5.5M
Loss on extinguishment of debt
$0
$0
—
$32.3M
Net gain on failed sale-and-leaseback transactions
($22.9M)
($13.5M)
($9.4M)
($827.0K)
Share-based consideration payable to customer’s customer (Note 3)
$1.4M
$1.9M
($3.1M)
—
Allowance for credit losses
$3.1M
$3.1M
—
$340.0K
Inventory reserve and asset impairments
$3.1M
—
—
$21.8M
Unrealized foreign currency exchange loss (gain)
$1.4M
$2.5M
$2.8M
($2.1M)
Other
$879.0K
$87.0K
($281.0K)
($31.0K)
Accounts receivable
($264.8M)
($89.6M)
$11.8M
($75.7M)
Contract assets
($618.0M)
($187.7M)
($64.7M)
($113.7M)
Inventories
($285.5M)
($115.1M)
($88.6M)
($179.2M)
Deferred cost of revenue
($82.7M)
($40.0M)
$7.1M
$34.4M
Prepaid expenses and other current assets
($128.4M)
($132.3M)
($54.2M)
$1.5M
Other long-term assets
($274.7M)
($96.6M)
($26.0M)
$1.7M
Operating lease right-of-use assets and operating lease liabilities
($25.7M)
($17.1M)
($8.5M)
($25.2M)
Financing lease liabilities
$469.0K
$255.0K
$89.0K
$1.2M
Accounts payable
$285.1M
$100.4M
$37.0M
$76.2M
Accrued warranty
$50.3M
$57.8M
$18.4M
($1.9M)
Accrued expenses and other current liabilities
$248.1M
$89.4M
($1.4M)
$27.7M
Deferred revenue and customer deposits
$610.6M
$301.2M
$89.5M
($198.1M)
Deferred profit with equity method investees and other long-term liabilities
($221.0K)
($171.0K)
($86.0K)
($144.0K)
Net cash provided by (used in) operating activities
$272.9M
$300.0M
$73.6M
($304.1M)
Purchase of property, plant and equipment
($231.3M)
($77.8M)
($26.2M)
($33.8M)
Proceeds from sale of property, plant and equipment
$187.0K
$127.0K
$91.0K
$76.0K
Investments in unconsolidated affiliates
($26.6M)
($22.8M)
($19.8M)
($24.6M)
Net cash used in investing activities
($257.7M)
($100.5M)
($45.9M)
($58.3M)
Payment of debt issuance costs
($787.0K)
($787.0K)
($806.0K)
($3.3M)
Repayment of debt
($1.3M)
($1.3M)
—
$0
Repayment of financing obligations
($17.2M)
($11.8M)
($8.0M)
($8.4M)
Proceeds from issuance of common stock
$33.9M
$23.2M
$15.8M
$50.0M
Dividend paid
($925.0K)
($925.0K)
—
($947.0K)
Other
($38.0K)
($5.0K)
$0
$150.0K
Net cash provided by financing activities
$13.6M
$8.3M
$7.1M
$37.5M
Effect of exchange rate changes on cash, cash equivalent, and restricted cash
($2.3M)
($905.0K)
$2.0M
$981.0K
Net increase (decrease) in cash, cash equivalents, and restricted cash