Bloom Energy BE
Bloom Energy fiscal 2025 annual report
Fiscal 2025 (ended Dec 31, 2025) · Filed Feb 9, 2026Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
How much did Bloom Energy sell in fiscal 2025?
As stated in annual reports · fiscal 2021–2025
Fiscal 2025 revenue
$2B+37.3% vs prior year
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2021 | $972.2M | −$164.4M |
| 2022 | $1.2B | −$301.7M |
| 2023 | $1.3B | −$302.1M |
| 2024 | $1.5B | Not stated |
| 2025 | $2B | Not stated |
Fiscal 2025 (ended Dec 31, 2025) · Filed Feb 9, 2026Whalegun
- Revenue
- $2B
- +37.3% vs prior year
- Operating income
- $72.8M
- 3.6% of revenue
- Net income
- No record
- Diluted EPS
- −$0.37
- Operating cash flow
- $113.9M
- Free cash flow
- $57.2M
Key points the company states
Bloom Energy sells onsite fuel cell power systems, mainly to data centers and industry
- Bloom Energy BE makes the Energy Server, a solid-oxide fuel cell system that turns natural gas, biogas or hydrogen into electricity.
- Revenue comes primarily from Energy Server product sales, with recurring revenue from long-term operations and maintenance agreements.
- It organizes its markets into Data Centers, Commercial and Industrial (C&I), and Utilities.
Bloom Energy's 2025 revenue rose 37.3% to $2,024.0 million
- Total revenue rose 37.3% to $2,024.0 million.
- Product revenue rose 41.1% to $1,531.3 million, which the company attributes to stronger demand driven by time-to-power needs.
- Installation revenue rose 66.8%, service revenue 6.9% and electricity revenue 14.2%.