Bloom Energy
What matters nowUpdated 3 h ago
- Bloom Energy will report third-quarter 2026 financial results after the market close on October 22, 2026, with the call at 2:00 p.m. Pacific, a date it set on October 12 1. On September 16 it also published a 800 VDC power analysis estimating a 27% cut in non-compute capital spending for a 1 GW AI data center, a figure the company calls its own estimate, with NVIDIA's 800 VDC rack designs starting in 2027 2.
- BE traded at 258.24 on the pooled 24/7 venue price, down 0.61% from the previous close of 259.83. Recent sessions were volatile, with a 7.67% drop on October 12, a 6.33% drop on October 8 and an 11.11% gain on September 29.
- Revenue reached $2.02 billion in 2025, up 37%, and quarterly revenue passed $1 billion for the first time in the second quarter of 2026, when Energy Server product revenue rose 215% to $935.4 million. Management raised 2026 revenue guidance to $3.9 billion to $4.2 billion on July 28.
- On trailing figures to March 31, 2026, revenue was $2.45 billion, up 56.5% year on year, with a 29.6% gross margin and a 6.7% operating margin. The market capitalisation was $73.5 billion, or 30.0 times trailing sales.
- Insiders sold 243,315 shares worth $65.8 million over the last 180 days in 24 sales and made no purchases; 18 of those sales were under trading plans. The latest was Chief Commercial Officer Aman Joshi's sale of 8,437 shares on October 1 under a Rule 10b5-1 plan 3.
- Next, the September CPI report is due on October 14, and Polymarket odds for the October 2026 Fed meeting give an 81.5% chance of no rate change. Bloom expects to double Fremont output from 1 GW to 2 GW a year, with completion targeted for the end of 2026.
Bloom Energy newsroom · Oct 12
Bloom Energy newsroom · Sep 16
SEC EDGAR (Form 4) · Oct 1
Bloom Energy makes the Energy Server, a solid oxide fuel cell that turns natural gas or biogas into electricity on the customer's site, without combustion. Its customers are data centers, utilities and large industrial users that need power faster than the grid can supply it. Revenue came to $2.02 billion in 2025, up 37% from $1.47 billion in 2024, and quarterly revenue passed $1 billion for the first time in the second quarter of 2026. Management raised 2026 revenue guidance to $3.9 billion to $4.2 billion on July 28, 2026.
How it makes money
Bloom sells Energy Server systems outright, books installation revenue for building them on site, and earns recurring service revenue under maintenance contracts. It also sells electricity from systems it owns under long-term power purchase agreements. Product sales to AI data center developers are lumpy and depend on manufacturing capacity, so quarterly revenue moves more than service revenue. Financing partners such as Brookfield can fund deployments, which lets Bloom ship more systems without carrying all the capital itself.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-03-31 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Energy Server
Product revenue reached $935.4 million in the second quarter of 2026, up 215% from a year earlier.
Installation services
Installation revenue rose 67% in 2025 to $204.1 million as deployments grew.
Service contracts
Service revenue was $69.0 million in the second quarter of 2026, up from $54.4 million a year earlier.
Electricity sales
Electricity revenue was $60.4 million in 2025, up 14% from the prior year.
Latest newsAll news →
Bloom Energy sets third-quarter 2026 results for October 22
Bloom said it will report third-quarter 2026 financial results after the market close on October 22, 2026.
Chief Commercial Officer Aman Joshi sells 8,437 shares under a trading plan
Aman Joshi, Bloom's Chief Commercial Officer, sold 8,437 shares on October 1, 2026 at a weighted average of $277.17.
Bloom Energy becomes jersey patch partner of the Philadelphia 76ers
Bloom Energy and the Philadelphia 76ers announced a multi-year strategic partnership on September 28, 2026, making Bloom the team's Official Jersey Patch Partner.
Bloom publishes 800V DC power analysis claiming $3.6 billion capex saving per gigawatt
Bloom released a report arguing its fuel cells can supply 800-volt DC power to AI racks directly, avoiding AC conversion gear.
Two Bloom officers sell shares to cover taxes on restricted stock settlement
Chief Operations Officer Satish Chitoori sold 2,870 shares at a weighted average of $270.06 on September 16, 2026, and Chief Accounting Officer Maciej Kurzymski sold 2,295 shares at $268.42 the same day.
Newsweek lists Bloom Energy among the world's most trustworthy companies for 2026
Bloom Energy was named to Newsweek's World's Most Trustworthy Companies 2026 list in the energy and utilities category.
Products & businesses
Energy Server
Product revenue reached $935.4 million in the second quarter of 2026, up 215% from a year earlier.
Installation services
Installation revenue rose 67% in 2025 to $204.1 million as deployments grew.
Service contracts
Service revenue was $69.0 million in the second quarter of 2026, up from $54.4 million a year earlier.
Electricity sales
Electricity revenue was $60.4 million in 2025, up 14% from the prior year.
Hyperscale and AI data center deals
Management says all major US hyperscalers and more than a dozen neoclouds, AI labs and colocation operators have approved Bloom's power solutions.
Brookfield AI factories partnership
The financing framework with Brookfield grew from $5 billion to $25 billion in June 2026.
Fremont manufacturing expansion
Bloom is doubling Fremont output from 1 GW to 2 GW a year, with completion targeted for the end of 2026.
Next: Fremont capacity reaches 2 GW a year · 2026-12-31
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Product Energy Server systems sold to customers. Bloom reports one operating segment, so this and the other lines are revenue types, not separate reporting segments. | $1.53B | 75.7% | |
| Installation Work to install Energy Server systems at customer sites. | $204.1M | 10.1% | |
| Service Maintenance and service contracts on the installed Energy Server base. | $228.3M | 11.3% | |
| Electricity Electricity sold from Energy Server systems that Bloom owns and operates under power purchase agreements. | $60.4M | 3.0% |
Fiscal 2025 · from the annual report
Valuation & fundamentals
TTM through 2026-03-31 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q1 FY2026 2026-03-31 | Q4 FY2025 2025-12-31 | Q3 FY2025 2025-09-30 | Q2 FY2025 2025-06-30 | Q1 FY2025 2025-03-31 | Q4 FY2024 2024-12-31 | Q3 FY2024 2024-09-30 | Q2 FY2024 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $751.1M +130% | $777.7Md +36% | $519.0M +57% | $401.2M +20% | $326.0M +39% | $572.4Md +60% | $330.4M -17% | $335.8M +12% |
| Gross profit | $724.2M | $225.5M +154% | $239.9Md +9% | $151.7M +93% | $107.1M +56% | $88.7M +133% | $219.3Md +137% | $78.7M | $68.5M +22% |
| Operating income | $164.1M | $72.2M | $87.5Md -16% | $7.8M | −$3.5M | −$19.1M | $104.7Md +709% | −$9.7M | −$23.1M |
| Net income | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | $279.68 | $0.23 | $379.63d -36% | $-100.00 | $-0.18 | $-0.10 | $589.87d +1179640% | $-60.00 | $-0.27 |
| Operating cash flow | $298.2M | $73.6M | $418.1Md -14% | $19.7Md | −$213.1Md | −$110.7M | $484.2Md +297% | −$69.5Md | −$175.5Md |
| Capital expenditure | $68.7M | $26.2M +84% | $23.0Md +107% | $12.3Md -14% | $7.2Md -40% | $14.3M -33% | $11.1Md -32% | $14.3Md -33% | $12.0Md -39% |
| Cash & equivalents | $2.49B | $2.49B | $2.45B | $595.1M | $574.8M | $794.8M | $802.9M | $495.7M | $581.7M |
| Total debt | $2.61B | $2.61Bd | $2.62Bd | $1.13Bd | $1.14Bd | $1.25Bd | $1.24Bd | $1.24Bd | $1.13B |
| Shares outstanding | 284.4M | 284.4M | 280.5M | 236.5M | 234.0M | 232.2M | 230.4M | 228.6M | 227.6M |
| Metric | FY2025 2025-12-31 | FY2024 2024-12-31 | FY2023 2023-12-31 | FY2022 2022-12-31 |
|---|---|---|---|---|
| Revenue | $2.02B +37% | $1.47B +11% | $1.33B +11% | $1.20B |
| Cost of revenue | $1.44B +34% | $1.07B -6% | $1.14B +8% | $1.05B |
| Gross profit | $587.4M +45% | $404.6M +105% | $197.8M +33% | $148.3M |
| Research & development | $186.0M +25% | $148.6M -5% | $155.9M +3% | $150.6M |
| Operating income | $72.8M +218% | $22.9M | −$208.9M | −$261.0M |
| EBIT | $72.8M +218% | $22.9M | −$208.9M | −$261.0M |
| Depreciation & amortization | $50.6M -5% | $53.0M -15% | $62.6M +2% | $61.6M |
| Interest expense | $53.9M -14% | $62.6M -42% | $108.3M +102% | $53.5M |
| Income tax | $2.7M +223% | $846.0K -55% | $1.9M +73% | $1.1M |
| Net income | — | — | −$302.1M | −$301.7M |
| EPS (diluted) | $-0.37 | $-0.13 | $-1.42 | $-1.62 |
| Diluted shares (weighted) | 240.4M | 227.4M | 212.7M | 185.9M |
| Operating cash flow | $113.9M +24% | $92.0M | −$372.5M | −$191.7M |
| Capital expenditure | $56.8M -4% | $58.9M -30% | $83.7M -28% | $116.8M |
| Dividends paid | $947.0K -35% | $1.5M | $0 | $0 |
| Cash & equivalents | $2.45B | $802.9M | $664.6M | $348.5M |
| Long-term debt (incl. current portion) | $2.62B | $1.13B | $846.6M | $411.6M |
| Total debt | $2.62Bd | $1.24Bd | $846.6M | $411.6M |
| Total assets | $4.40B | $2.66B | $2.41B | $1.95B |
| Total liabilities | $3.60B | $2.07B | $1.89B | $1.57B |
| Shareholders' equity | $768.6M | $562.5M | $502.1M | $340.8M |
| Shares outstanding | 280.5M | 230.4M | 225.0M | — |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Bloom Energy sets third-quarter 2026 results for October 22
Bloom said it will report third-quarter 2026 financial results after the market close on October 22, 2026.
Chief Commercial Officer Aman Joshi sells 8,437 shares under a trading plan
Aman Joshi, Bloom's Chief Commercial Officer, sold 8,437 shares on October 1, 2026 at a weighted average of $277.17.
Bloom Energy becomes jersey patch partner of the Philadelphia 76ers
Bloom Energy and the Philadelphia 76ers announced a multi-year strategic partnership on September 28, 2026, making Bloom the team's Official Jersey Patch Partner.
Bloom publishes 800V DC power analysis claiming $3.6 billion capex saving per gigawatt
Bloom released a report arguing its fuel cells can supply 800-volt DC power to AI racks directly, avoiding AC conversion gear.
Two Bloom officers sell shares to cover taxes on restricted stock settlement
Chief Operations Officer Satish Chitoori sold 2,870 shares at a weighted average of $270.06 on September 16, 2026, and Chief Accounting Officer Maciej Kurzymski sold 2,295 shares at $268.42 the same day.
Newsweek lists Bloom Energy among the world's most trustworthy companies for 2026
Bloom Energy was named to Newsweek's World's Most Trustworthy Companies 2026 list in the energy and utilities category.
S&P Dow Jones Indices adds Sandisk to the S&P 100, effective September 21
S&P Dow Jones Indices announced on September 4, 2026 that Sandisk will join the S&P 100, replacing Colgate-Palmolive before the open on September 21.
Oracle and Bloom Energy fund $400,000 for food bank route in New Mexico
Oracle and Bloom Energy committed $400,000 to the Roadrunner Food Bank of New Mexico to add a weekly mobile food route in Santa Teresa and Sunland Park.
Bloom launches Power Connect to cut onsite power installation time by over 40%
Bloom introduced Power Connect, a deployment system that moves much of the electrical integration work into the factory so equipment arrives largely wired, connected and tested.
Commercial chief and legal chief sell shares to cover RSU tax withholding
Aman Joshi sold 4,677 shares and Shawn Marie Soderberg sold 2,895 shares on August 14, 2026, both at prices near $240.
Bloom expands MiTAC relationship with islanded fuel cell microgrid in Fremont
Bloom will deploy fuel cell systems as an islanded microgrid at MiTAC's AI server manufacturing campus in Fremont, California.
Bloom Energy Q2 2026 revenue tops $1 billion and full-year revenue guidance rises to $3.9-4.2 billion
Bloom reported second-quarter 2026 total revenue of $1,065.4 million, up 165.5% from a year earlier, and its first quarter above $1 billion.
JPMorgan raises Bloom Energy price target to $346 from $267
JPMorgan analyst Mark Strouse raised his Bloom Energy price target to $346 from $267 on July 21, 2026.
Hunterbrook short report alleges Bloom relies on Chinese scandium
Hunterbrook Media published a report on July 8, 2026 saying Bloom's fuel cell supply chain depends on scandium that traces back to China, despite management's statements to the contrary.
Brookfield expands Bloom AI power financing framework from $5 billion to $25 billion
On June 30, 2026 Bloom and Brookfield Asset Management expanded their AI infrastructure partnership to a $25 billion financing framework, up from the $5 billion announced in October 2025, a fivefold increase.
Bloom moves from Russell 2000 into Russell 1000 in June reconstitution
FTSE Russell's June 2026 reconstitution took effect after the close on June 26, and Bloom moved from the Russell 2000 into the Russell 1000 because its market value had grown well beyond the large-cap breakpoint.
Board grants CEO Sridhar a performance award of 271,076 shares at target
On June 15, 2026 Bloom's board approved a performance-based restricted stock unit grant to CEO KR Sridhar covering 271,076 shares at target, under the 2018 Equity Incentive Plan.
Bloom's mid-2026 Data Center Power Report: 61% of developers plan to bring their own power
Bloom published its mid-2026 Data Center Power Report on June 15, 2026, based on a survey of 156 decision-makers taken in April 2026, about 79% of them US-based.
CEO Sridhar and director Immelt adopt Rule 10b5-1 trading plans
Bloom's second-quarter 10-Q discloses two Rule 10b5-1 trading arrangements.
Nebius to deploy 328 MW of Bloom fuel cells at its first AI project
Nebius and Bloom announced on May 20, 2026 a partnership to deploy Bloom fuel cells for Nebius's AI infrastructure build-out.
Oracle cashless exercise of Bloom warrant issues 1.9 million shares
On May 1, 2026 Oracle completed a cashless exercise of its Bloom warrant, and Bloom issued 1,905,433 common shares.
Bloom Energy Q1 2026 revenue rises 130% to $751.1 million; 2026 guidance raised to $3.4B to $3.8B
Bloom reported first-quarter 2026 revenue of $751.1 million, up 130.4%, with product revenue of $653.3 million, up 208.4%, and service revenue of $61.9 million.
Bloom registers resale of up to 3.53 million shares held by Oracle
Bloom filed a prospectus supplement dated April 27, 2026 covering resales by Oracle of up to 3,531,073 Class A shares issuable on exercise of its warrant.
Oracle expands Bloom deal to up to 2.8 GW, with 1.2 GW already contracted
Bloom and Oracle announced an expanded master services agreement under which Oracle intends to buy up to 2.8 gigawatts of Bloom fuel cell systems for its US data centers.
Bloom Energy names Simon Edwards chief financial officer, effective April 13
Bloom announced on March 26, 2026 that Simon Edwards will become Chief Financial Officer effective April 13, 2026.
Bloom Energy reports record 2025 results and guides 2026 revenue to $3.1B to $3.3B
Bloom reported fourth-quarter 2025 revenue of $777.7 million, up 35.9% from a year earlier, with product and service revenue of $700.2 million.
Bloom's 2026 Data Center Power Report sees one-third of data centers running fully on-site power by 2030
Bloom Energy published its 2026 Data Center Power Report on January 20, 2026, based on a survey of 152 data center decision-makers taken in November 2025.
AEP unit commits about $2.65 billion to Bloom fuel cells for a Wyoming site
American Electric Power disclosed in an 8-K dated January 8, 2026 that an unregulated subsidiary signed an unconditional purchase agreement on January 4 for a substantial portion of its option on Bloom's solid oxide fuel cells, for about $2.65 billion.
Bloom Energy reports fiscal Q3 2025 results: revenue $519.0M, up 57% from a year earlier
Bloom Energy filed a Form 8-K with the SEC on Oct 28, 2025, 4:06 PM ET, reporting an event dated Oct 28, 2025.
SEC filings
| Oct 2, 26 | 4 | Form 4: Joshi Aman (Chief Commercial Officer) — open-market sale 8,437 sh | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: IMMELT JEFFREY R (Director) — award 81 sh | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: WARNER CYNTHIA J (Director) — award 83 sh | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 18, 26 | 4 | Form 4: Joshi Aman (Chief Commercial Officer) — open-market sale 3,601 sh | sec.gov ↗ |
| Sep 18, 26 | 4 | Form 4: Kurzymski Maciej (Chief Accounting Officer) — open-market sale 2,295 sh | sec.gov ↗ |
| Sep 18, 26 | 4 | Form 4: SODERBERG SHAWN MARIE (See Remarks) — open-market sale 2,870 sh | sec.gov ↗ |
| Sep 18, 26 | 4 | Form 4: Chitoori Satish (Chief Operations Officer) — open-market sale 2,870 sh | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 3, 26 | 4 | Form 4: Sridhar KR (Chairman & CEO, Director) — gift 300,000 sh, option exercise 9,688 sh | sec.gov ↗ |
| Aug 31, 26 | 4 | Form 4: Edwards Simon Stephen (Chief Financial Officer) — award 15,000 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Joshi Aman (Chief Commercial Officer) — open-market sale 4,677 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: IMMELT JEFFREY R (Director) — open-market sale 30,000 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: Chitoori Satish (Chief Operations Officer) — open-market sale 2,053 sh | sec.gov ↗ |
| Aug 18, 26 | 4 | Form 4: SODERBERG SHAWN MARIE (See Remarks) — open-market sale 2,895 sh | sec.gov ↗ |
| Aug 17, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 14, 26 | 4 | Form 4: CHAMBERS JOHN T (Director) — open-market sale 15,000 sh | sec.gov ↗ |
| Aug 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 14, 26 | SCHEDULE 13G/A | SCHEDULE 13G/A: Passive ownership report (5%+) (amended) | sec.gov ↗ |
| Aug 13, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-01 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 8.4K | $277.17 | $2.3M |
| 2026-09-16 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2.9K | $270.06 | $775.1K |
| 2026-09-16 | Kurzymski Maciej Chief Accounting Officer | Sale | 2.3K | $268.42 | $616.0K |
| 2026-09-16 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2.9K | $270.07 | $775.1K |
| 2026-09-16 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 3.6K | $269.94 | $972.1K |
| 2026-08-17 | IMMELT JEFFREY R Director | Sale 10b5-1 plan | 30.0K | $238.91 | $7.2M |
| 2026-08-14 | SODERBERG SHAWN MARIE See Remarks | Sale | 2.9K | $233.60 | $676.3K |
| 2026-08-14 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2.1K | $241.64 | $496.1K |
| 2026-08-14 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 4.7K | $241.75 | $1.1M |
| 2026-08-13 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 15.0K | $250.00 | $3.8M |
| 2026-08-03 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 15.0K | $205.58 | $3.1M |
| 2026-07-01 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 8.3K | $300.37 | $2.5M |
| 2026-06-16 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2.8K | $289.11 | $820.2K |
| 2026-06-16 | SODERBERG SHAWN MARIE See Remarks | Sale | 2.8K | $288.63 | $820.3K |
| 2026-06-16 | Kurzymski Maciej Chief Accounting Officer | Sale | 2.3K | $288.62 | $652.0K |
| 2026-06-16 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 3.6K | $289.14 | $1.0M |
| 2026-05-28 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 55.0K | $297.69 | $16.4M |
| 2026-05-18 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2.7K | $259.42 | $712.4K |
| 2026-05-14 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 4.8K | $288.20 | $1.4M |
| 2026-05-14 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2.9K | $288.10 | $829.4K |
| 2026-05-14 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2.1K | $288.24 | $608.5K |
| 2026-05-13 | Kurzymski Maciej Chief Accounting Officer | Sale | 6.2K | $293.36 | $1.8M |
| 2026-05-07 | BUSH MARY K Director | Sale | 25.0K | $266.96 | $6.7M |
| 2026-04-29 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 35.0K | $279.00 | $9.8M |
| 2026-04-15 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 25.0K | $225.13 | $5.6M |