Bloom Energy (BE): financials, SEC filings and peers

Bloom Energy (BE) is an electrical components & equipment company in the Industrials sector of the S&P 500, headquartered in San Jose, California.

It was founded in 2001 and joined the S&P 500 on September 21, 2026.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Electrical Industrial Apparatus”.

Bloom Energy at a glance

Revenue (12 months): $3.8B
Revenue growth: +110.6%
Operating margin: 14.8%
Net income (12 months): $523M
Free cash flow (12 months): $437M
Cash: $2.5B
Debt: $2.5B
Diluted EPS (12 months): $1.64

Twelve months to September 30, 2026, from the 10-Q filed October 22, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Bloom Energy reported revenue of $3.8 billion, up a strong 110.6% from $1.8 billion a year earlier.

Its operating margin was 14.8%, up 9.9 percentage points from a year earlier: for every $100 of sales, about $15 was left as operating profit.

Net income was $523 million (13.7% of revenue), 3052.0% higher than a year earlier.

Operating cash flow was $691 million and capital spending $254 million, leaving free cash flow of $437 million (11.4% of revenue).

At the end of the period it held $2.5 billion in cash and $2.5 billion in debt, a net cash position of $7 million.

The diluted share count rose 38.0% in a year, which dilutes existing shareholders.

Five-year trend

Revenue went from $794 million in fiscal 2020 to $2.0 billion in fiscal 2025, about 20.6% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from -10.2% to 3.6% over the same years.
Free cash flow was negative in 4 of the last 6 fiscal years.
Bloom Energy reported a net loss in 6 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$972M	$1.2B	$1.3B	$1.5B	$2.0B
Revenue growth	22.4%	23.3%	11.2%	10.5%	37.3%
Operating margin	-11.8%	-21.8%	-15.7%	1.6%	3.6%
Net income	−$164M	−$302M	−$302M	−$27M	−$87M
Free cash flow	−$110M	−$309M	−$456M	$33M	$57M
Diluted EPS	$-0.95	$-1.62	$-1.42	$-0.13	$-0.37

Fiscal years as reported in Bloom Energy’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed October 22, 2026 — quarterly report
8-K filed October 22, 2026 — Earnings results; Regulation FD disclosure
10-Q/A filed July 29, 2026
10-Q filed July 28, 2026 — quarterly report
8-K filed July 28, 2026 — Earnings results; Regulation FD disclosure
8-K filed July 9, 2026 — Regulation FD disclosure
8-K/A filed June 22, 2026 — Executive or director change
8-K filed June 17, 2026 — Executive or director change

All Bloom Energy filings on SEC EDGAR

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Questions about Bloom Energy

Is Bloom Energy's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $3.8 billion, up 110.6% from a year earlier, according to its SEC filings.

Is Bloom Energy profitable?

Yes. It earned $523 million in net income over the twelve months to September 30, 2026, a net margin of 13.7%.

Does Bloom Energy have more cash or more debt?

At September 30, 2026 it had $2.5 billion in cash and $2.5 billion in debt, so more cash than debt.

When did Bloom Energy last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 22, 2026.

Which companies are similar to Bloom Energy?

In the S&P 500, Bloom Energy is grouped in Electrical Components & Equipment within the Industrials sector. Ametek (AME), Emerson Electric (EMR), Eaton Corporation (ETN), Rockwell Automation (ROK), Vertiv (VRT) are in the same group.

Understand the numbers

Source: Bloom Energy’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.