Bloom Energy (BE) Financials

$16.36 +0.04 (+0.25%)

As of 03:59 PM Eastern

Annual Income Statements for Bloom Energy

This table shows Bloom Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-280	-263	-274	-307	-315	-329	-603	-604	-58
Consolidated Net Income / (Loss)	-336	-281	-291	-323	-179	-193	-315	-308	-27
Net Income / (Loss) Continuing Operations	-336	-281	-291	-323	-179	-193	-315	-308	-27
Total Pre-Tax Income	-336	-281	-290	-323	-179	-192	-314	-306	-26
Total Operating Income	-241	-157	-165	-233	-81	-115	-261	-209	23
Total Gross Profit	-103	-18	106	98	166	198	148	198	405
Total Revenue	209	376	633	785	794	972	1,199	1,333	1,474
Operating Revenue	209	376	633	785	794	972	1,199	1,333	1,474
Total Cost of Revenue	312	394	527	688	628	775	1,051	1,136	1,069
Operating Cost of Revenue	312	394	527	688	628	775	1,051	1,136	1,069
Total Operating Expenses	137	139	271	330	247	312	409	407	382
Selling, General & Admin Expense	62	56	119	153	107	122	168	161	165
Marketing Expense	29	32	63	74	56	86	91	90	68
Research & Development Expense	47	51	89	104	84	103	151	156	149
Total Other Income / (Expense), net	-95	-123	-125	-90	-98	-78	-53	-97	-49
Interest Expense	81	109	106	94	92	69	62	113	90
Interest & Investment Income	0.39	0.76	4.32	5.66	1.48	0.26	3.89	20	25
Other Income / (Expense), net	-14	-15	-23	-1.45	-7.85	-9.06	5.56	-4.43	15
Income Tax Expense	0.73	0.64	1.54	0.63	0.26	1.05	1.10	1.89	0.85
Net Income / (Loss) Attributable to Noncontrolling Interest	-57	-19	-18	-19	136	136	288	296	31
Basic Earnings per Share	($27.84)	($25.62)	($5.14)	($2.67)	($1.14)	($0.95)	($1.62)	($1.42)	($0.13)
Weighted Average Basic Shares Outstanding	10.05M	10.25M	53.27M	115.12M	138.72M	173.44M	185.91M	212.68M	227.37M
Diluted Earnings per Share	($27.84)	($25.62)	($5.14)	($2.67)	($1.14)	($0.95)	($1.62)	($1.42)	($0.13)
Weighted Average Diluted Shares Outstanding	10.05M	10.25M	53.27M	115.12M	138.72M	173.44M	185.91M	212.68M	227.37M
Weighted Average Basic & Diluted Shares Outstanding	10.05M	10.25M	53.27M	115.12M	138.72M	177.12M	206.10M	224.97M	230.40M

This table shows Bloom Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-114	-94	-72	-66	-169	-298	-58	-62	-15	76	-24
Consolidated Net Income / (Loss)	-60	-51	-75	-69	-168	4.12	-57	-61	-15	105	-23
Net Income / (Loss) Continuing Operations	-60	-51	-75	-69	-168	4.12	-57	-61	-15	105	-23
Total Pre-Tax Income	-60	-51	-75	-69	-167	4.93	-57	-60	-15	106	-23
Total Operating Income	-53	-41	-64	-54	-104	13	-49	-23	-9.65	105	-19
Total Gross Profit	51	71	54	56	-5.21	92	38	69	79	219	89
Total Revenue	292	463	275	301	400	357	235	336	330	572	326
Operating Revenue	292	463	275	301	400	357	235	336	330	572	326
Total Cost of Revenue	241	391	221	245	405	265	197	267	252	353	237
Operating Cost of Revenue	241	391	221	245	405	265	197	267	252	353	237
Total Operating Expenses	104	112	118	111	98	79	87	92	88	115	108
Selling, General & Admin Expense	44	48	45	42	43	30	38	36	37	53	45
Marketing Expense	23	26	27	27	20	16	14	18	15	22	22
Research & Development Expense	36	38	46	41	35	34	35	37	36	39	41
Total Other Income / (Expense), net	-7.46	-10	-11	-14	-64	-8.01	-8.03	-37	-4.87	0.83	-3.91
Interest Expense	13	17	12	17	69	15	15	43	17	16	14
Interest & Investment Income	1.11	2.52	2.00	4.36	7.42	6.11	7.53	6.43	6.46	4.93	8.55
Other Income / (Expense), net	4.53	4.69	-1.23	-1.96	-1.69	0.44	-1.01	-1.07	5.44	12	1.95
Income Tax Expense	0.34	0.21	0.26	0.18	0.65	0.81	-0.50	0.86	0.11	0.38	0.43
Net Income / (Loss) Attributable to Noncontrolling Interest	54	44	-3.35	-3.00	0.92	302	0.98	0.60	0.08	30	0.40
Basic Earnings per Share	($0.31)	($0.20)	($0.35)	($0.32)	($0.80)	$0.05	($0.25)	($0.27)	($0.06)	$0.45	($0.10)
Weighted Average Basic Shares Outstanding	186.49M	185.91M	206.72M	208.69M	210.93M	212.68M	225.59M	227.17M	227.96M	227.37M	230.21M
Diluted Earnings per Share	($0.31)	($0.20)	($0.35)	($0.32)	($0.80)	$0.05	($0.25)	($0.27)	($0.06)	$0.45	($0.10)
Weighted Average Diluted Shares Outstanding	186.49M	185.91M	206.72M	208.69M	210.93M	212.68M	225.59M	227.17M	227.96M	227.37M	230.21M
Weighted Average Basic & Diluted Shares Outstanding	195.18M	206.10M	208.54M	209.42M	224.05M	224.97M	227.02M	227.64M	228.58M	230.40M	232.23M

This table details how cash moves in and out of Bloom Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	20	-28	100	97	39	198	-97	227	208
Net Cash From Operating Activities	-283	-67	-92	164	-99	-61	-192	-373	92
Net Cash From Continuing Operating Activities	-283	-67	-92	164	-99	-61	-192	-373	92
Net Income / (Loss) Continuing Operations	-336	-281	-291	-323	-179	-193	-315	-308	-27
Consolidated Net Income / (Loss)	-336	-281	-291	-323	-179	-193	-315	-308	-27
Depreciation Expense	43	46	54	79	52	53	62	63	53
Amortization Expense	32	46	25	22	6.46	3.80	3.03	4.77	6.80
Non-Cash Adjustments To Reconcile Net Income	39	36	191	283	92	65	233	283	-8.80
Changes in Operating Assets and Liabilities, net	-60	85	-71	103	-70	11	-174	-415	68
Net Cash From Investing Activities	-8.98	-32	-125	53	-38	-47	-117	-84	-59
Net Cash From Continuing Investing Activities	-8.98	-32	-125	53	-38	-47	-117	-84	-59
Purchase of Property, Plant & Equipment	-8.98	-5.14	-45	-51	-38	-50	-117	-84	-59
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	0.00	0.01	0.07
Net Cash From Financing Activities	283	62	317	-120	176	306	211	683	175
Net Cash From Continuing Financing Activities	312	71	317	-120	176	306	211	683	175
Repayment of Debt	-33	-28	-26	-136	-203	-148	-163	-230	-154
Repurchase of Common Equity	0.00	-1.09	-5.52	-56	0.00	0.00	-14	-0.43	0.00
Payment of Dividends	-46	-24	-15	-13	-7.62	-5.84	-6.85	-2.27	-1.47
Issuance of Debt	173	100	293	0.00	330	136	0.00	637	403
Issuance of Preferred Equity	3.00	0.00	-	0.00	0.00	218	0.00	311	0.00
Issuance of Common Equity	211	23	1.52	13	30	90	403	24	16
Other Financing Activities, net	3.34	0.00	70	72	26	17	-8.74	-56	-88
Cash Interest Paid	21	22	60	70	72	69	49	50	56
Cash Income Taxes Paid	0.64	0.62	1.75	0.86	0.37	0.58	1.44	1.46	1.42

This table details how cash moves in and out of Bloom Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	255	-151	-35	439	-285	107	-162	55	-89	404	-120
Net Cash From Operating Activities	-70	-23	-315	-46	-133	122	-147	-175	-69	484	-111
Net Cash From Continuing Operating Activities	-70	-23	-315	-46	-133	121	-147	-175	-69	484	-111
Net Income / (Loss) Continuing Operations	-60	-51	-75	-69	-168	4.12	-57	-61	-15	105	-23
Consolidated Net Income / (Loss)	-60	-51	-75	-69	-168	4.12	-57	-61	-15	105	-23
Depreciation Expense	15	15	18	18	15	12	13	13	13	14	12
Amortization Expense	0.70	0.68	0.67	1.12	1.51	1.47	1.47	1.60	1.86	1.86	1.86
Non-Cash Adjustments To Reconcile Net Income	31	84	19	52	100	111	17	-6.83	-17	-2.08	22
Changes in Operating Assets and Liabilities, net	-57	-73	-278	-48	-81	-7.54	-121	-122	-53	365	-123
Net Cash From Investing Activities	-36	-36	-27	-20	-21	-16	-21	-12	-14	-11	-14
Net Cash From Continuing Investing Activities	-36	-36	-27	-20	-21	-16	-21	-12	-14	-11	-14
Purchase of Property, Plant & Equipment	-36	-36	-27	-20	-21	-16	-21	-12	-14	-11	-14
Sale of Property, Plant & Equipment	-	-	0.00	0.03	-0.02	0.01	0.01	0.02	0.01	0.03	0.04
Net Cash From Financing Activities	362	-94	306	505	-130	1.19	7.15	243	-5.60	-69	5.13
Net Cash From Continuing Financing Activities	362	-94	306	505	-130	1.19	7.15	243	-5.60	-69	5.13
Repayment of Debt	-19	-84	-14	-83	-127	-4.76	-4.96	-158	-10	20	-2.52
Issuance of Common Equity	397	0.13	8.53	7.71	6.75	0.94	11	0.16	4.14	1.25	7.65
Other Financing Activities, net	-1.32	-8.74	1.16	-53	-6.86	2.29	1.33	-	0.46	-90	0.00
Effect of Exchange Rate Changes	-0.90	2.08	-0.12	-0.20	-0.66	0.70	-0.91	-0.26	0.69	-	0.16
Cash Interest Paid	14	9.32	13	8.94	10	17	9.71	17	7.81	21	5.46
Cash Income Taxes Paid	0.31	0.14	0.21	0.74	0.38	0.12	0.33	0.50	0.45	0.14	0.38

This table presents Bloom Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,221	1,390	1,323	1,454	1,726	1,947	2,414	2,657
Total Current Assets	420	673	473	619	806	1,056	1,693	2,044
Cash & Equivalents	104	221	203	247	396	348	665	803
Restricted Cash	44	29	31	52	93	52	47	111
Accounts Receivable	30	85	38	96	88	251	341	336
Inventories, net	90	132	110	142	143	268	503	545
Prepaid Expenses	27	34	28	31	31	44	51	46
Other Current Assets	92	62	58	45	50	93	87	204
Plant, Property, & Equipment, net	498	481	607	0.00	0.00	600	493	403
Total Noncurrent Assets	303	236	243	836	919	290	227	210
Other Noncurrent Operating Assets	231	169	192	791	880	290	227	210
Total Liabilities & Shareholders' Equity	1,221	1,390	1,323	1,454	1,726	1,947	2,414	2,657
Total Liabilities	1,722	1,299	1,490	1,313	1,519	1,568	1,893	2,072
Total Current Liabilities	271	280	574	436	342	542	470	637
Short-Term Debt	19	28	334	121	26	26	0.00	114
Accounts Payable	49	67	56	58	73	162	132	93
Accrued Expenses	17	19	10	10	12	17	19	17
Current Deferred Revenue	118	94	89	114	90	159	129	243
Other Current Liabilities	69	72	85	133	142	178	190	170
Total Noncurrent Liabilities	1,450	928	916	877	1,176	1,026	1,423	1,435
Long-Term Debt	921	711	299	270	501	386	847	1,014
Noncurrent Deferred Revenue	310	242	126	87	90	56	19	43
Other Noncurrent Operating Liabilities	219	-26	492	519	585	584	557	378
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-2,025	125	-168	141	-1.83	379	521	585
Total Preferred & Common Equity	-2,180	0.00	-260	79	-44	341	502	562
Total Common Equity	-2,180	0.00	-260	79	-44	341	502	562
Common Stock	151	-	2,687	3,183	3,219	3,907	4,370	4,463
Retained Earnings	-2,331	-	-2,946	-3,104	-3,263	-3,564	-3,867	-3,898
Accumulated Other Comprehensive Income / (Loss)	-0.16	-	0.02	-0.01	-0.35	-1.25	-1.69	-2.59
Noncontrolling Interest	155	125	91	62	42	38	19	23

This table presents Bloom Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,902	2,192	2,720	2,376	2,286	2,548	2,605	2,608
Total Current Assets	964	1,245	1,776	1,682	1,580	1,830	1,903	2,009
Cash & Equivalents	492	320	767	557	516	582	496	795
Restricted Cash	42	47	46	43	51	25	23	6.20
Accounts Receivable	71	330	351	334	348	524	591	334
Inventories, net	255	398	468	476	526	520	584	613
Prepaid Expenses	46	56	50	66	48	40	48	51
Other Current Assets	58	93	94	206	90	139	162	210
Plant, Property, & Equipment, net	647	603	606	491	496	494	485	406
Total Noncurrent Assets	291	344	337	203	210	224	217	193
Other Noncurrent Operating Assets	291	344	337	203	210	224	217	193
Total Liabilities & Shareholders' Equity	1,902	2,192	2,720	2,376	2,286	2,548	2,605	2,608
Total Liabilities	1,491	1,758	2,374	1,871	1,797	2,101	2,150	2,007
Total Current Liabilities	393	772	829	462	355	393	567	584
Short-Term Debt	29	24	11	0.00	-	-	114	115
Accounts Payable	120	130	195	154	94	104	124	145
Accrued Expenses	13	9.46	15	17	9.20	12	15	10
Current Deferred Revenue	99	149	138	119	95	112	142	168
Other Current Liabilities	131	459	471	172	157	165	171	146
Total Noncurrent Liabilities	1,098	987	1,545	1,409	1,442	1,708	1,583	1,422
Long-Term Debt	455	378	947	842	848	1,125	1,013	1,016
Noncurrent Deferred Revenue	69	29	26	14	40	29	35	47
Other Noncurrent Operating Liabilities	575	580	572	553	554	554	535	359
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	202	434	346	505	489	447	455	601
Total Preferred & Common Equity	173	399	308	487	466	423	431	578
Total Common Equity	173	399	308	487	466	423	431	578
Common Stock	3,692	4,037	4,012	4,360	4,394	4,413	4,435	4,503
Retained Earnings	-3,517	-3,636	-3,702	-3,871	-3,926	-3,988	-4,002	-3,922
Accumulated Other Comprehensive Income / (Loss)	-1.53	-1.35	-2.05	-2.38	-2.14	-2.30	-1.82	-2.27
Noncontrolling Interest	29	35	38	19	23	23	24	23

This table displays calculated financial ratios and metrics derived from Bloom Energy's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	80.30%	68.26%	24.11%	1.16%	22.40%	23.34%	11.20%	10.53%
EBITDA Growth	0.00%	55.32%	-35.34%	-22.72%	77.61%	-121.73%	-187.73%	23.50%	167.12%
EBIT Growth	0.00%	32.19%	-8.90%	-24.51%	62.16%	-39.40%	-106.72%	16.48%	117.87%
NOPAT Growth	0.00%	34.73%	-4.91%	-41.09%	65.30%	-41.74%	-127.94%	19.96%	110.97%
Net Income Growth	0.00%	16.37%	-3.56%	-11.05%	44.64%	-7.97%	-62.95%	2.27%	91.17%
EPS Growth	0.00%	7.97%	79.94%	48.05%	57.30%	16.67%	-70.53%	12.35%	90.85%
Operating Cash Flow Growth	0.00%	76.25%	-36.88%	278.11%	-160.33%	38.58%	-215.95%	-94.31%	124.70%
Free Cash Flow Firm Growth	0.00%	0.00%	-10.41%	140.58%	-134.57%	-59.44%	-254.67%	-25.57%	68.76%
Invested Capital Growth	0.00%	0.00%	112.70%	-58.83%	0.62%	5.28%	59.22%	68.01%	22.05%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	16.18%	4.73%	10.59%	11.13%	-7.34%	17.12%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	24.59%	56.23%	-38.16%	-6.16%	24.34%	1,466.30%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	17.87%	29.92%	-11.38%	-5.29%	18.76%	158.58%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	18.10%	34.92%	-8.52%	-11.57%	20.39%	133.27%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	16.78%	18.04%	-9.59%	-0.73%	15.13%	78.79%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-1,060.87%	29.19%	-10.47%	-0.62%	14.97%	75.47%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-484.73%	159.19%	-71.21%	52.13%	-58.22%	28.03%	134.02%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-28.75%	38.64%	-58.80%	27.86%	64.79%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-18.05%	-3.20%	-22.75%	8.40%	-12.22%	-24.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	-49.63%	-4.80%	16.72%	12.43%	20.87%	20.32%	12.37%	14.83%	27.46%
EBITDA Margin	-86.30%	-21.39%	-17.20%	-17.01%	-3.77%	-6.82%	-15.91%	-10.95%	6.65%
Operating Margin	-115.56%	-41.83%	-26.08%	-29.65%	-10.17%	-11.78%	-21.77%	-15.67%	1.55%
EBIT Margin	-122.18%	-45.95%	-29.74%	-29.84%	-11.16%	-12.71%	-21.30%	-16.00%	2.59%
Profit (Net Income) Margin	-161.27%	-74.81%	-46.04%	-41.20%	-22.55%	-19.89%	-26.28%	-23.09%	-1.85%
Tax Burden Percent	100.22%	100.23%	100.53%	100.20%	100.14%	100.54%	100.35%	100.62%	103.21%
Interest Burden Percent	131.71%	162.43%	154.00%	137.81%	201.75%	155.65%	122.93%	143.45%	-69.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-83.32%	-27.95%	-41.07%	-24.36%	-33.53%	-57.49%	-27.95%	2.20%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-128.07%	-58.66%	-82.28%	-74.29%	-208.20%	-590.03%	-248.28%	-22.47%
Return on Net Nonoperating Assets (RNNOA)	0.00%	195.68%	210.99%	-4,417.15%	1,377.80%	-77.47%	-50.08%	-40.52%	-7.12%
Return on Equity (ROE)	0.00%	112.36%	183.04%	-4,458.22%	1,353.44%	-111.00%	-107.57%	-68.47%	-4.92%
Cash Return on Invested Capital (CROIC)	0.00%	-283.32%	-100.03%	42.27%	-24.98%	-38.68%	-103.18%	-78.71%	-17.66%
Operating Return on Assets (OROA)	0.00%	-14.15%	-14.41%	-17.27%	-6.38%	-7.77%	-13.91%	-9.79%	1.50%
Return on Assets (ROA)	0.00%	-23.04%	-22.31%	-23.85%	-12.90%	-12.16%	-17.16%	-14.12%	-1.07%
Return on Common Equity (ROCE)	0.00%	489.28%	1,253.75%	79,755.13%	9,245.05%	-10.99%	-54.43%	-64.16%	-4.74%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.90%	0.00%	124.60%	-227.20%	436.24%	-92.46%	-61.33%	-4.84%
Net Operating Profit after Tax (NOPAT)	-169	-110	-116	-163	-57	-80	-183	-146	16
NOPAT Margin	-80.89%	-29.28%	-18.26%	-20.75%	-7.12%	-8.24%	-15.24%	-10.97%	1.09%
Net Nonoperating Expense Percent (NNEP)	0.00%	44.75%	30.71%	41.20%	49.94%	174.67%	532.54%	220.33%	24.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-23.11%	-10.70%	0.94%
Cost of Revenue to Revenue	149.63%	104.80%	83.28%	87.57%	79.13%	79.68%	87.63%	85.17%	72.54%
SG&A Expenses to Revenue	29.51%	14.81%	18.78%	19.44%	13.48%	12.57%	13.99%	12.06%	11.20%
R&D to Revenue	22.46%	13.60%	14.09%	13.27%	10.52%	10.64%	12.56%	11.69%	10.08%
Operating Expenses to Revenue	65.93%	37.03%	42.80%	42.08%	31.05%	32.10%	34.13%	30.50%	25.90%
Earnings before Interest and Taxes (EBIT)	-255	-173	-188	-234	-89	-124	-255	-213	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-180	-80	-109	-134	-30	-66	-191	-146	98
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	60.43	0.00	10.95	6.60	9.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	60.43	0.00	10.95	6.60	9.03
Price to Revenue (P/Rev)	1.29	0.72	1.73	1.12	6.00	3.96	3.11	2.49	3.44
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	10.27	2.94	5.93	21.12	16.88	9.69	5.29	6.64
Enterprise Value to Revenue (EV/Rev)	0.00	7.22	2.61	1.75	6.19	4.26	3.15	2.60	3.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	54.25
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	139.42
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	331.42
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	8.38	0.00	0.00	0.00	0.00	57.77
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	8.18	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-1.88	4.05	-3.77	2.76	2.54	1.09	1.63	1.93
Long-Term Debt to Equity	0.00	-1.84	3.90	-1.78	1.91	2.42	1.02	1.63	1.73
Financial Leverage	0.00	-1.53	-3.60	53.69	-18.55	0.37	0.08	0.16	0.32
Leverage Ratio	0.00	-2.44	-8.20	186.91	-104.93	9.13	6.27	4.85	4.59
Compound Leverage Factor	0.00	-3.96	-12.63	257.58	-211.71	14.21	7.71	6.95	-3.17
Debt to Total Capital	0.00%	213.96%	80.21%	136.09%	73.44%	71.79%	52.07%	61.92%	65.86%
Short-Term Debt to Total Capital	0.00%	4.27%	3.00%	71.75%	22.70%	3.52%	3.29%	0.00%	6.67%
Long-Term Debt to Total Capital	0.00%	209.69%	77.21%	64.34%	50.73%	68.27%	48.78%	61.92%	59.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	382.27%	19.79%	19.72%	11.76%	34.26%	4.81%	1.36%	1.33%
Common Equity to Total Capital	0.00%	-496.23%	0.00%	-55.82%	14.81%	-6.04%	43.11%	36.72%	32.82%
Debt to EBITDA	0.00	-11.69	-6.79	-4.74	-13.07	-7.94	-2.16	-5.80	11.52
Net Debt to EBITDA	0.00	-9.51	-3.49	-2.99	-3.06	-0.58	-0.06	-0.93	2.20
Long-Term Debt to EBITDA	0.00	-11.46	-6.54	-2.24	-9.03	-7.55	-2.02	-5.80	10.35
Debt to NOPAT	0.00	-8.54	-6.40	-3.88	-6.91	-6.57	-2.25	-5.79	70.39
Net Debt to NOPAT	0.00	-6.95	-3.29	-2.45	-1.62	-0.48	-0.06	-0.92	13.43
Long-Term Debt to NOPAT	0.00	-8.37	-6.16	-1.84	-4.78	-6.25	-2.11	-5.79	63.26
Altman Z-Score	0.00	-2.59	0.85	-2.85	-0.32	-0.48	-0.64	-0.32	0.65
Noncontrolling Interest Sharing Ratio	0.00%	-335.45%	-584.96%	1,888.95%	-583.08%	90.10%	49.40%	6.30%	3.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.55	2.40	0.82	1.42	2.35	1.95	3.60	3.21
Quick Ratio	0.00	0.61	1.49	0.43	0.80	1.43	1.11	2.14	1.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-374	-413	168	-58	-92	-328	-412	-129
Operating Cash Flow to CapEx	-3,149.86%	-1,306.93%	-203.40%	320.78%	-260.59%	-121.82%	-164.11%	-444.95%	156.51%
Free Cash Flow to Firm to Interest Expense	0.00	-3.45	-3.90	1.78	-0.63	-1.34	-5.25	-3.66	-1.43
Operating Cash Flow to Interest Expense	-3.48	-0.62	-0.87	1.74	-1.08	-0.88	-3.07	-3.31	1.02
Operating Cash Flow Less CapEx to Interest Expense	-3.59	-0.67	-1.29	1.20	-1.49	-1.60	-4.94	-4.05	0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.31	0.48	0.58	0.57	0.61	0.65	0.61	0.58
Accounts Receivable Turnover	0.00	12.40	10.98	12.80	11.85	10.57	7.08	4.51	4.36
Inventory Turnover	0.00	4.37	4.73	5.68	4.99	5.43	5.10	2.95	2.04
Fixed Asset Turnover	0.00	0.76	1.29	1.44	0.00	0.00	0.00	2.44	3.29
Accounts Payable Turnover	0.00	8.11	9.13	11.23	11.03	11.80	8.95	7.73	9.51
Days Sales Outstanding (DSO)	0.00	29.43	33.23	28.52	30.79	34.54	51.56	80.99	83.78
Days Inventory Outstanding (DIO)	0.00	83.61	77.15	64.25	73.08	67.25	71.51	123.88	178.74
Days Payable Outstanding (DPO)	0.00	45.00	40.00	32.51	33.08	30.94	40.77	47.22	38.37
Cash Conversion Cycle (CCC)	0.00	68.04	70.39	60.27	70.80	70.85	82.31	157.65	224.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	264	562	231	233	245	390	656	801
Invested Capital Turnover	0.00	2.85	1.53	1.98	3.42	4.07	3.77	2.55	2.02
Increase / (Decrease) in Invested Capital	0.00	264	298	-331	1.44	12	145	266	145
Enterprise Value (EV)	0.00	2,714	1,654	1,373	4,917	4,137	3,781	3,470	5,315
Market Capitalization	270	270	1,092	882	4,763	3,848	3,732	3,316	5,077
Book Value per Share	$0.00	($212.72)	$0.00	($2.20)	$0.47	($0.25)	$1.75	$2.24	$2.46
Tangible Book Value per Share	$0.00	($212.72)	$0.00	($2.20)	$0.47	($0.25)	$1.75	$2.24	$2.46
Total Capital	0.00	439	921	465	532	734	790	1,367	1,714
Total Debt	0.00	940	739	633	391	527	412	847	1,129
Total Long-Term Debt	0.00	921	711	299	270	501	386	847	1,014
Net Debt	0.00	765	380	399	91	38	12	135	215
Capital Expenditures (CapEx)	8.98	5.14	45	51	38	50	117	84	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-7.59	61	-1.18	3.66	1.20	140	511	608
Debt-free Net Working Capital (DFNWC)	0.00	167	421	232	303	490	540	1,223	1,522
Net Working Capital (NWC)	0.00	149	393	-101	182	464	514	1,223	1,407
Net Nonoperating Expense (NNE)	168	171	176	161	123	113	132	162	43
Net Nonoperating Obligations (NNO)	0.00	765	380	399	91	38	12	135	215
Total Depreciation and Amortization (D&A)	75	92	79	101	59	57	65	67	60
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-2.02%	9.68%	-0.15%	0.46%	0.12%	11.68%	38.35%	41.27%
Debt-free Net Working Capital to Revenue	0.00%	44.53%	66.48%	29.60%	38.16%	50.38%	45.04%	91.70%	103.25%
Net Working Capital to Revenue	0.00%	39.55%	62.11%	-12.90%	22.94%	47.72%	42.87%	91.70%	95.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.14)	($0.95)	($1.62)	($1.42)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	171.83M	173.44M	185.91M	212.68M	227.37M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.14)	($0.95)	($1.62)	($1.42)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	171.83M	173.44M	185.91M	212.68M	227.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.14)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	138.72M	177.12M	206.10M	224.97M	230.40M
Normalized Net Operating Profit after Tax (NOPAT)	-169	-110	-116	-163	-57	-80	-183	-146	16
Normalized NOPAT Margin	-80.89%	-29.28%	-18.26%	-20.75%	-7.12%	-8.24%	-15.24%	-10.97%	1.09%
Pre Tax Income Margin	-160.92%	-74.64%	-45.80%	-41.12%	-22.52%	-19.78%	-26.18%	-22.95%	-1.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.14	-1.59	-1.78	-2.49	-0.97	-1.79	-4.09	-1.89	0.42
NOPAT to Interest Expense	-2.08	-1.01	-1.09	-1.73	-0.62	-1.16	-2.93	-1.30	0.18
EBIT Less CapEx to Interest Expense	-3.25	-1.64	-2.20	-3.03	-1.38	-2.51	-5.96	-2.64	-0.23
NOPAT Less CapEx to Interest Expense	-2.19	-1.06	-1.52	-2.27	-1.03	-1.88	-4.80	-2.04	-0.48
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-13.63%	-8.41%	-5.24%	-3.88%	-4.26%	-3.02%	-2.18%	-0.74%	-5.40%
Augmented Payout Ratio	-13.63%	-8.80%	-7.13%	-21.33%	-4.26%	-3.02%	-6.55%	-0.88%	-5.40%

This table displays calculated financial ratios and metrics derived from Bloom Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.04%	35.07%	36.88%	23.79%	36.95%	-22.84%	-14.50%	11.52%	-17.46%	60.37%	38.56%
EBITDA Growth	-15.15%	-127.26%	12.89%	56.19%	-180.05%	237.40%	21.81%	75.67%	112.19%	386.88%	90.90%
EBIT Growth	-14.78%	-55.66%	4.77%	45.40%	-119.28%	137.28%	22.92%	57.10%	96.00%	771.38%	65.77%
NOPAT Growth	-19.83%	-200.39%	3.01%	46.70%	-97.19%	138.06%	23.03%	57.53%	90.69%	865.20%	61.10%
Net Income Growth	-6.58%	-4.69%	9.46%	43.00%	-178.31%	108.11%	24.53%	11.40%	91.29%	2,454.21%	58.59%
EPS Growth	-3.33%	-5.26%	20.45%	52.24%	-158.06%	125.00%	28.57%	15.63%	92.50%	800.00%	60.00%
Operating Cash Flow Growth	3.74%	-149.22%	-240.44%	-665.69%	-90.41%	623.56%	53.21%	-277.53%	47.83%	297.45%	24.84%
Free Cash Flow Firm Growth	26.03%	-698.00%	-561.89%	-293.81%	-477.79%	-46.72%	-74.19%	-86.79%	29.56%	84.17%	47.87%
Invested Capital Growth	13.46%	59.22%	46.20%	84.00%	107.47%	68.01%	64.29%	96.47%	42.43%	22.05%	20.99%
Revenue Q/Q Growth	20.16%	58.27%	-40.51%	9.41%	32.94%	-10.83%	-34.07%	42.70%	-1.60%	73.24%	-43.04%
EBITDA Q/Q Growth	63.03%	37.96%	-133.05%	18.05%	-136.33%	130.44%	-232.62%	74.50%	218.44%	1,115.41%	-102.48%
EBIT Q/Q Growth	53.48%	25.35%	-80.90%	13.09%	-86.84%	112.69%	-473.99%	51.63%	82.58%	2,864.82%	-114.69%
NOPAT Q/Q Growth	48.53%	22.86%	-56.97%	14.49%	-90.44%	114.89%	-417.44%	52.82%	58.27%	1,644.27%	-112.80%
Net Income Q/Q Growth	50.16%	15.91%	-47.53%	7.82%	-143.38%	102.45%	-1,473.40%	-8.21%	76.09%	818.68%	-122.27%
EPS Q/Q Growth	53.73%	35.48%	-75.00%	8.57%	-150.00%	106.25%	-600.00%	-8.00%	77.78%	850.00%	-122.22%
Operating Cash Flow Q/Q Growth	-1,052.02%	66.73%	-1,252.43%	85.23%	-186.48%	191.49%	-220.88%	-19.17%	60.42%	797.04%	-122.86%
Free Cash Flow Firm Q/Q Growth	-19.41%	-118.22%	-10.96%	-36.20%	-75.20%	44.59%	-31.74%	-46.05%	33.93%	87.55%	-333.83%
Invested Capital Q/Q Growth	34.90%	8.40%	20.01%	4.84%	52.11%	-12.22%	17.36%	25.37%	10.27%	-24.78%	16.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.43%	15.43%	19.72%	18.72%	-1.30%	25.89%	16.18%	20.41%	23.83%	38.32%	27.21%
EBITDA Margin	-10.91%	-4.28%	-16.75%	-12.55%	-22.30%	7.61%	-15.32%	-2.74%	3.29%	23.12%	-1.01%
Operating Margin	-17.99%	-8.77%	-23.14%	-18.09%	-25.91%	3.62%	-20.83%	-6.89%	-2.92%	18.29%	-5.85%
EBIT Margin	-16.45%	-7.76%	-23.59%	-18.74%	-26.33%	3.75%	-21.26%	-7.21%	-1.28%	20.36%	-5.25%
Profit (Net Income) Margin	-20.66%	-10.98%	-27.22%	-22.94%	-41.99%	1.15%	-24.03%	-18.22%	-4.43%	18.37%	-7.18%
Tax Burden Percent	100.56%	100.41%	100.35%	100.26%	100.39%	83.54%	99.12%	101.42%	100.75%	99.64%	101.88%
Interest Burden Percent	124.94%	140.95%	115.02%	122.10%	158.86%	36.84%	114.02%	249.28%	344.47%	90.54%	134.21%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	16.46%	0.00%	0.00%	0.00%	0.36%	0.00%
Return on Invested Capital (ROIC)	-40.12%	-23.17%	-52.28%	-44.46%	-47.14%	7.72%	-30.47%	-8.80%	-2.84%	36.89%	-7.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-57.83%	-113.21%	-82.42%	-62.22%	-147.03%	-1.40%	-44.57%	-22.36%	-4.69%	37.36%	-10.83%
Return on Net Nonoperating Assets (RNNOA)	-37.43%	-9.61%	-28.24%	-52.88%	-30.68%	-0.23%	-15.22%	-18.71%	-4.16%	11.84%	-6.06%
Return on Equity (ROE)	-77.55%	-32.77%	-80.52%	-97.33%	-77.83%	7.49%	-45.69%	-27.51%	-7.00%	48.73%	-13.59%
Cash Return on Invested Capital (CROIC)	-60.95%	-103.18%	-83.49%	-98.17%	-103.08%	-78.71%	-70.62%	-80.74%	-40.33%	-17.66%	-14.22%
Operating Return on Assets (OROA)	-10.65%	-5.07%	-15.63%	-11.60%	-17.72%	2.29%	-12.28%	-3.63%	-0.64%	11.84%	-3.36%
Return on Assets (ROA)	-13.38%	-7.17%	-18.04%	-14.20%	-28.25%	0.71%	-13.88%	-9.19%	-2.24%	10.68%	-4.59%
Return on Common Equity (ROCE)	-23.75%	-16.58%	-42.28%	-31.06%	-56.03%	7.02%	-42.84%	-25.36%	-6.69%	46.91%	-13.02%
Return on Equity Simple (ROE_SIMPLE)	-180.93%	0.00%	-76.95%	-82.91%	-74.56%	0.00%	-62.12%	-66.55%	-29.76%	0.00%	1.02%
Net Operating Profit after Tax (NOPAT)	-37	-28	-45	-38	-73	11	-34	-16	-6.76	104	-13
NOPAT Margin	-12.60%	-6.14%	-16.20%	-12.66%	-18.14%	3.03%	-14.58%	-4.82%	-2.04%	18.23%	-4.09%
Net Nonoperating Expense Percent (NNEP)	17.71%	90.04%	30.14%	17.77%	99.88%	9.12%	14.10%	13.56%	1.85%	-0.47%	3.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.59%	-	-	-	0.79%	-	-	-	6.09%	-0.77%
Cost of Revenue to Revenue	82.57%	84.57%	80.28%	81.29%	101.30%	74.11%	83.82%	79.59%	76.17%	61.68%	72.79%
SG&A Expenses to Revenue	15.09%	10.33%	16.41%	14.11%	10.83%	8.37%	16.15%	10.84%	11.32%	9.31%	13.77%
R&D to Revenue	12.37%	8.28%	16.60%	13.78%	8.78%	9.40%	15.08%	11.13%	10.99%	6.89%	12.46%
Operating Expenses to Revenue	35.42%	24.20%	42.86%	36.80%	24.61%	22.26%	37.01%	27.30%	26.75%	20.02%	33.06%
Earnings before Interest and Taxes (EBIT)	-48	-36	-65	-56	-105	13	-50	-24	-4.22	117	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-32	-20	-46	-38	-89	27	-36	-9.19	11	132	-3.28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	20.71	10.95	10.29	11.08	5.71	6.60	5.40	6.57	5.58	9.03	7.83
Price to Tangible Book Value (P/TBV)	20.71	10.95	10.29	11.08	5.71	6.60	5.40	6.57	5.58	9.03	7.83
Price to Revenue (P/Rev)	3.32	3.11	3.23	2.56	1.93	2.49	1.95	2.09	1.91	3.44	2.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	10.46	9.69	8.91	7.31	4.07	5.29	3.67	3.44	2.85	6.64	5.24
Enterprise Value to Revenue (EV/Rev)	3.49	3.15	3.28	2.70	2.11	2.60	2.18	2.50	2.41	3.61	3.12
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	54.25	37.35
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	139.42	68.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	331.42	120.09
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	57.77	37.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.18	1.09	0.93	2.77	1.67	1.63	1.73	2.52	2.48	1.93	1.88
Long-Term Debt to Equity	1.11	1.02	0.87	2.74	1.67	1.63	1.73	2.52	2.23	1.73	1.69
Financial Leverage	0.65	0.08	0.34	0.85	0.21	0.16	0.34	0.84	0.89	0.32	0.56
Leverage Ratio	8.11	6.27	6.54	10.49	4.67	4.85	4.85	6.64	5.19	4.59	4.49
Compound Leverage Factor	10.13	8.83	7.52	12.81	7.42	1.79	5.53	16.56	17.87	4.15	6.02
Debt to Total Capital	54.05%	52.07%	48.12%	73.45%	62.50%	61.92%	63.42%	71.59%	71.25%	65.86%	65.28%
Short-Term Debt to Total Capital	3.21%	3.29%	2.92%	0.83%	0.00%	0.00%	0.00%	0.00%	7.21%	6.67%	6.62%
Long-Term Debt to Total Capital	50.84%	48.78%	45.20%	72.62%	62.50%	61.92%	63.42%	71.59%	64.03%	59.18%	58.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	26.61%	4.81%	4.13%	2.95%	1.38%	1.36%	1.72%	1.48%	1.52%	1.33%	1.34%
Common Equity to Total Capital	19.33%	43.11%	47.75%	23.60%	36.12%	36.72%	34.86%	26.93%	27.23%	32.82%	33.38%
Debt to EBITDA	-2.69	-2.16	-2.19	-7.07	-4.36	-5.80	-6.24	-10.49	-157.24	11.52	8.65
Net Debt to EBITDA	0.28	-0.06	-0.19	-1.07	-1.25	-0.93	-2.06	-4.83	-84.97	2.20	2.52
Long-Term Debt to EBITDA	-2.53	-2.02	-2.05	-6.99	-4.36	-5.80	-6.24	-10.49	-141.32	10.35	7.77
Debt to NOPAT	-2.95	-2.25	-2.22	-6.48	-4.58	-5.79	-6.24	-9.87	-23.39	70.39	27.81
Net Debt to NOPAT	0.31	-0.06	-0.19	-0.98	-1.32	-0.92	-2.06	-4.55	-12.64	13.43	8.11
Long-Term Debt to NOPAT	-2.78	-2.11	-2.08	-6.40	-4.58	-5.79	-6.24	-9.87	-21.02	63.26	24.99
Altman Z-Score	-0.30	-0.26	-0.18	-0.20	-0.31	-0.01	-0.43	-0.23	-0.39	0.75	0.48
Noncontrolling Interest Sharing Ratio	69.37%	49.40%	47.50%	68.09%	28.01%	6.30%	6.24%	7.79%	4.44%	3.74%	4.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.46	1.95	1.61	2.14	3.64	3.60	4.45	4.65	3.36	3.21	3.44
Quick Ratio	1.43	1.11	0.84	1.35	1.93	2.14	2.44	2.81	1.92	1.79	1.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-80	-174	-193	-262	-460	-255	-336	-490	-324	-40	-175
Operating Cash Flow to CapEx	-193.31%	-64.79%	-1,184.28%	-237.76%	-623.54%	750.06%	-687.26%	-1,461.97%	-486.55%	4,373.45%	-778.57%
Free Cash Flow to Firm to Interest Expense	-6.07	-10.08	-16.40	-15.59	-6.62	-17.49	-23.07	-11.51	-19.32	-2.53	-12.14
Operating Cash Flow to Interest Expense	-5.34	-1.35	-26.79	-2.76	-1.92	8.37	-10.12	-4.12	-4.14	30.36	-7.68
Operating Cash Flow Less CapEx to Interest Expense	-8.10	-3.44	-29.06	-3.92	-2.22	7.25	-11.60	-4.41	-5.00	29.66	-8.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.65	0.66	0.62	0.67	0.61	0.58	0.50	0.51	0.58	0.64
Accounts Receivable Turnover	16.20	7.08	5.78	6.21	7.09	4.51	3.81	3.04	2.72	4.36	4.59
Inventory Turnover	4.27	5.10	3.78	3.25	3.46	2.95	2.41	2.30	1.85	2.04	1.95
Fixed Asset Turnover	1.71	0.00	0.00	2.16	2.53	2.44	2.35	2.41	2.58	3.29	3.47
Accounts Payable Turnover	8.40	8.95	10.03	6.69	9.21	7.73	9.92	7.60	7.05	9.51	9.27
Days Sales Outstanding (DSO)	22.54	51.56	63.15	58.82	51.45	80.99	95.68	120.23	134.19	83.78	79.60
Days Inventory Outstanding (DIO)	85.53	71.51	96.47	112.17	105.62	123.88	151.66	159.01	197.29	178.74	187.36
Days Payable Outstanding (DPO)	43.47	40.77	36.39	54.59	39.65	47.22	36.81	48.05	51.75	38.37	39.36
Cash Conversion Cycle (CCC)	64.59	82.31	123.23	116.39	117.41	157.65	210.52	231.19	279.74	224.15	227.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	360	390	469	491	747	656	770	965	1,064	801	931
Invested Capital Turnover	3.19	3.77	3.23	3.51	2.60	2.55	2.09	1.82	1.39	2.02	1.84
Increase / (Decrease) in Invested Capital	43	145	148	224	387	266	301	474	317	145	162
Enterprise Value (EV)	3,768	3,781	4,177	3,593	3,037	3,470	2,822	3,321	3,037	5,315	4,883
Market Capitalization	3,581	3,732	4,107	3,410	2,777	3,316	2,518	2,779	2,404	5,077	4,530
Book Value per Share	$0.97	$1.75	$1.94	$1.48	$2.32	$2.24	$2.07	$1.86	$1.89	$2.46	$2.51
Tangible Book Value per Share	$0.97	$1.75	$1.94	$1.48	$2.32	$2.24	$2.07	$1.86	$1.89	$2.46	$2.51
Total Capital	894	790	836	1,304	1,347	1,367	1,337	1,572	1,582	1,714	1,732
Total Debt	483	412	402	958	842	847	848	1,125	1,127	1,129	1,131
Total Long-Term Debt	455	386	378	947	842	847	848	1,125	1,013	1,014	1,016
Net Debt	-51	12	35	145	242	135	281	519	609	215	330
Capital Expenditures (CapEx)	36	36	27	20	21	16	21	12	14	11	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	140	130	146	621	511	658	830	932	608	738
Debt-free Net Working Capital (DFNWC)	600	540	498	959	1,221	1,223	1,225	1,437	1,450	1,522	1,539
Net Working Capital (NWC)	572	514	473	948	1,221	1,223	1,225	1,437	1,336	1,407	1,424
Net Nonoperating Expense (NNE)	24	22	30	31	95	6.69	22	45	7.88	-0.83	10
Net Nonoperating Obligations (NNO)	-51	12	35	145	242	135	281	519	609	215	330
Total Depreciation and Amortization (D&A)	16	16	19	19	16	14	14	15	15	16	14
Debt-free, Cash-free Net Working Capital to Revenue	6.13%	11.68%	10.22%	10.95%	43.13%	38.35%	50.83%	62.46%	74.05%	41.27%	47.18%
Debt-free Net Working Capital to Revenue	55.64%	45.04%	39.09%	72.02%	84.83%	91.70%	94.69%	108.15%	115.24%	103.25%	98.37%
Net Working Capital to Revenue	52.98%	42.87%	37.17%	71.21%	84.83%	91.70%	94.69%	108.15%	106.17%	95.49%	91.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.20)	($0.35)	($0.32)	($0.80)	$0.05	($0.25)	($0.27)	($0.06)	$0.45	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	186.49M	185.91M	206.72M	208.69M	210.93M	212.68M	225.59M	227.17M	227.96M	227.37M	230.21M
Adjusted Diluted Earnings per Share	($0.31)	($0.20)	($0.35)	($0.32)	($0.80)	$0.05	($0.25)	($0.27)	($0.06)	$0.45	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	186.49M	185.91M	206.72M	208.69M	210.93M	212.68M	225.59M	227.17M	227.96M	227.37M	230.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	195.18M	206.10M	208.54M	209.42M	224.05M	224.97M	227.02M	227.64M	228.58M	230.40M	232.23M
Normalized Net Operating Profit after Tax (NOPAT)	-37	-28	-45	-38	-73	11	-34	-16	-6.76	104	-13
Normalized NOPAT Margin	-12.60%	-6.14%	-16.20%	-12.66%	-18.14%	3.03%	-14.58%	-4.82%	-2.04%	18.23%	-4.09%
Pre Tax Income Margin	-20.55%	-10.93%	-27.13%	-22.88%	-41.83%	1.38%	-24.24%	-17.97%	-4.40%	18.44%	-7.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.67	-2.08	-5.53	-3.35	-1.52	0.92	-3.44	-0.57	-0.25	7.31	-1.19
NOPAT to Interest Expense	-2.81	-1.65	-3.80	-2.27	-1.05	0.74	-2.36	-0.38	-0.40	6.54	-0.93
EBIT Less CapEx to Interest Expense	-6.43	-4.17	-7.79	-4.51	-1.83	-0.20	-4.91	-0.85	-1.10	6.61	-2.17
NOPAT Less CapEx to Interest Expense	-5.57	-3.74	-6.06	-3.43	-1.35	-0.37	-3.83	-0.66	-1.25	5.85	-1.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.09%	-2.18%	0.00%	-0.96%	-0.87%	-0.74%	0.00%	-1.33%	-1.14%	-5.40%	0.00%
Augmented Payout Ratio	-6.37%	-6.55%	0.00%	-0.96%	-0.87%	-0.88%	0.00%	-1.33%	-1.14%	-5.40%	0.00%

Frequently Asked Questions About Bloom Energy's Financials

When does Bloom Energy's financial year end?

According to the most recent income statement we have on file, Bloom Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bloom Energy's net income changed over the last 8 years?

Bloom Energy's net income appears to be on a downward trend, with a most recent value of -$27.20 million in 2024, falling from -$336.32 million in 2016. The previous period was -$307.94 million in 2023. View Bloom Energy's forecast to see where analysts expect Bloom Energy to go next.

What is Bloom Energy's operating income?

Bloom Energy's total operating income in 2024 was $22.91 million, based on the following breakdown:

Total Gross Profit: $404.65 million
Total Operating Expenses: $381.74 million

How has Bloom Energy revenue changed over the last 8 years?

Over the last 8 years, Bloom Energy's total revenue changed from $208.54 million in 2016 to $1.47 billion in 2024, a change of 606.7%.

How much debt does Bloom Energy have?

Bloom Energy's total liabilities were at $2.07 billion at the end of 2024, a 9.5% increase from 2023, and a 20.4% increase since 2017.

How much cash does Bloom Energy have?

In the past 7 years, Bloom Energy's cash and equivalents has ranged from $103.83 million in 2017 to $802.85 million in 2024, and is currently $802.85 million as of their latest financial filing in 2024.

How has Bloom Energy's book value per share changed over the last 8 years?

Over the last 8 years, Bloom Energy's book value per share changed from 0.00 in 2016 to 2.46 in 2024, a change of 246.1%.

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This page (NYSE:BE) was last updated on 5/6/2025 by MarketBeat.com Staff

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Bloom Energy (BE) Financials

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Bloom Energy (BE) Financials

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