📊 BE Key Takeaways
Investment Thesis
Bloom Energy demonstrates solid operational efficiency with 29% gross margins and positive free cash flow generation of $57.2M, indicating underlying business viability. However, the company is unprofitable at the net level (-4.3% net margin) with deteriorating earnings (-220.3% YoY), high leverage (3.41x debt/equity), and concerning interest coverage (1.9x), suggesting execution challenges and financial stress despite revenue growth.
BE Strengths
- Strong gross margin of 29% indicates pricing power and operational efficiency in core manufacturing
- Positive free cash flow generation of $57.2M with 2.8% FCF margin demonstrates cash generation capability
- Excellent liquidity position with 5.98x current ratio and $2.5B cash, providing runway for operations and debt service
- Modest revenue growth of 1.1% YoY shows business stability in competitive sector
BE Risks
- Significant net loss of -$87.1M with deteriorating profitability (-220.3% YoY) signals inability to convert operational efficiency to bottom-line earnings
- High leverage at 3.41x debt/equity with $2.6B long-term debt combined with weak interest coverage (1.9x) creates refinancing and cash flow vulnerability
- Low operating margin of 3.6% and negative net margin of -4.3% indicate structural profitability challenges beyond temporary headwinds
- Negative ROE (-11.3%) and ROA (-2.0%) show the company is destroying shareholder value and not generating adequate returns on assets
Key Metrics to Watch
- Net income trend and path to profitability - critical to validate turnaround narrative
- Operating margin expansion - must show operational leverage as revenue grows
- Debt/equity ratio and interest coverage - monitor deleveraging progress to reduce financial risk
- Free cash flow sustainability - ensure positive FCF persists as capital requirements evolve
BE Financial Metrics
💡 AI Analyst Insight
The relatively thin 2.8% FCF margin may limit capital allocation flexibility. Strong liquidity with a 5.98x current ratio provides a solid financial cushion.
BE Profitability Ratios
BE vs Industrial Sector
How Bloom Energy Corp compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BE Balance Sheet & Liquidity
BE 5-Year Financial Trend
5-Year Trend Summary: Bloom Energy Corp's revenue has grown significantly by 121% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.42 indicates the company is currently unprofitable.
BE Growth Metrics (YoY)
BE Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $321.8M | -$14.6M | $-60.00 |
| Q2 2025 | $326.5M | -$42.2M | $-0.18 |
| Q1 2025 | $226.1M | -$23.4M | $-0.10 |
| Q3 2024 | $321.8M | -$14.6M | $-0.06 |
| Q2 2024 | $285.3M | -$61.2M | $-0.27 |
| Q1 2024 | $226.1M | -$56.5M | $-0.25 |
| Q3 2023 | $276.1M | -$60.4M | $-0.31 |
| Q2 2023 | $227.6M | -$69.1M | $-0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BE Capital Allocation
BE SEC Filings
Access official SEC EDGAR filings for Bloom Energy Corp (CIK: 0001664703)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BE
What is the AI rating for BE?
Bloom Energy Corp (BE) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BE's key strengths?
Strong gross margin of 29% indicates pricing power and operational efficiency in core manufacturing. Positive free cash flow generation of $57.2M with 2.8% FCF margin demonstrates cash generation capability.
What are the risks of investing in BE?
Significant net loss of -$87.1M with deteriorating profitability (-220.3% YoY) signals inability to convert operational efficiency to bottom-line earnings. High leverage at 3.41x debt/equity with $2.6B long-term debt combined with weak interest coverage (1.9x) creates refinancing and cash flow vulnerability.
What is BE's revenue and growth?
Bloom Energy Corp reported revenue of $2.0B.
Does BE pay dividends?
Bloom Energy Corp pays dividends, with $0.9M distributed to shareholders in the trailing twelve months.
Where can I find BE SEC filings?
Official SEC filings for Bloom Energy Corp (CIK: 0001664703) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BE's EPS?
Bloom Energy Corp has a diluted EPS of $-0.37.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.