Bloom Energy
ConvictionModerate
Hardware sales of Energy Servers (bulk of revenue) plus recurring service/maintenance contracts, electricity (managed-services/PPA) revenue, and installation; large-scale project financing increasingly carried by partners (e.g. Brookfield) rather than Bloom's own balance sheet.
Revenuefact
$751M Q1 FY26 / ~$2.4B TTMRev growthfact/guidance
+130% YoYin Q1 FY26; FY26 guide $3.4–3.8B = ~80% YoYGross marginfact
30.0% GAAP / 31.5% non-GAAPQ1 FY26 ; FY26 guide ~34% non-GAAPOp marginfact
9.6% GAAP / 17.3% non-GAAPQ1 FY26Capex intensity
~3.5%Q1 FY26 capex $26.2M / rev $751M; factMarket cap
~$93BJune 24, 2026; factPrice · 1-year trend
real · weekly$254+786% 1yUSD
52-week range
$24 – $346
52w lowas of 2026-07-08 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityModerate
AI datacenter power & cooling
Full context
position · avoidModerate
AI datacenter power & cooling
Full context
Primary source
Reported financials — SEC EDGAR
Audited GAAP figures pulled from SEC filings · latest filing 2026-02-09. The audited primary-source spine — not investment advice.
Revenue — annual (GAAP)
FY’21
$907M
FY’22
$1.1B+25%
FY’23
$1.3B+12%
FY’24
$1.4B+14%
FY’25
$2.0B+39%
Margins & balance sheet — FY’25
Gross margin29.3%
Operating margin3.6%
Net debt$111M
The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Bloom Energy
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence