BENYSEElectrical Industrial ApparatusUS GAAP · USD

Bloom Energy Corp

Bloom Energy Corp designs and manufactures onsite power generation systems built around high-temperature solid-oxide fuel cells and related hydrogen equipment. The company serves customers that need distributed electricity generation, especially for data centers, commercial and industrial sites, and other large-load facilities, primarily from the United States with a global commercial footprint.

Kysy yhtiöstä
Liikevaihto2 024milj. USD
+37,3 %v/v
Liikevoitto (EBIT)72,8milj. USD
+217,8 %v/v
EBIT-marginaali3,6%
+2,0 %-yks.v/v
Nettotulos−87,1milj. USD
−220,3 %v/v
Vapaa kassavirta57,2milj. USD
+72,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 5002 0002 500milj. USD2020: 794 milj. USD2020: EBIT −81 milj. USD20202021: 972 milj. USD2021: EBIT −115 milj. USD20212022: 1 199 milj. USD2022: EBIT −261 milj. USD20222023: 1 333 milj. USD2023: EBIT −209 milj. USD20232024: 1 474 milj. USD2024: EBIT 23 milj. USD20242025: 2 024 milj. USD2025: EBIT 73 milj. USD20252 02473
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Bloom Energy Corp

Liiketoiminta

Osuus liikevaihdosta
Fuel cell power systems75 %

Solid-oxide fuel cell platforms that generate onsite electricity from natural gas, biogas, or hydrogen.

Hydrogen electrolyzers5 %

Systems that produce hydrogen using electricity for industrial and energy-transition applications.

Services and maintenance10 %

Ongoing support, servicing, and operational assistance for installed systems.

Installation and deployment services10 %

Engineering, installation, and commissioning work tied to customer projects.

Tuotteet

Raportoitu · osuus liikevaihdosta
76,5%11,4%10,2%FY2025100 %
  • Products76,5 %
  • Services11,4 %
  • Installation10,2 %
  • Electricity1,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Bloom’s customers are typically large power users that need reliable onsite generation and shorter time-to-power than grid interconnection can provide. Its disclosed demand mix includes AI data center and hyperscale customers, commercial and industrial users, and industrial electrification applications, with some projects supported by financing partners.

AI data centers and hyperscalers

Buy fuel cell systems to secure rapid, reliable onsite power for compute-intensive facilities.

Commercial and industrial customers

Buy onsite power systems to support mission-critical loads and reduce dependence on grid constraints.

Industrial electrification users

Buy Bloom systems or electrolyzers for cleaner onsite energy and process needs.

Project finance partners

Provide capital structures that help customers deploy large projects.

Strategia

Bloom is focusing on large-load onsite power demand, especially AI data centers, where customers value speed, reliability, and scalable electrical infrastructure. The company is also expanding manufacturing capacity, broadening its product set into hydrogen electrolyzers, and building partnerships that support project financing and large deployments.

AI data center market expansionLyhyt aikaväli

AI workloads are increasing demand for fast, reliable onsite electricity.

Capacity expansionKeskipitkä aikaväli

Higher factory output is needed to meet larger project volumes and backlog.

Platform broadeningKeskipitkä aikaväli

Electrolyzers and additional solutions widen the addressable market beyond fuel cells.

Financing ecosystem developmentLyhyt aikaväli

Large projects often require capital support to close and deploy.

Maantiede

Bloom is headquartered in the United States and sells into a global market for onsite power generation. The company’s disclosures emphasize growth in the U.S. AI/data center market and mention expansion into new international markets, but no country-by-country revenue breakdown was provided in the excerpts.

Riskit

Bloom’s business is exposed to customer concentration, project execution, and the pace of AI/data center capital spending because large deployments drive a meaningful share of growth. The company also faces technology, supply-chain, and reputation risks common to industrial hardware businesses, plus short-seller allegations that could affect relationships with customers, suppliers, and financing parties.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Execution risk on installations and project milestones1Customer and project concentration2Technology adoption risk3Supply chain and manufacturing scaling risk4Short-seller and reputation risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Execution risk on installations and project milestonesVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue and recognition depend on shipment, installation, and milestone achievement.

    Kohdistuu: Full-scope installations and large sites

  2. Customer and project concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large deployments and hyperscale projects can materially affect revenue timing and backlog conversion.

    Kohdistuu: AI infrastructure and large-load customers

  3. Technology adoption riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Demand depends on customers choosing fuel cells or electrolyzers over alternative power solutions.

    Kohdistuu: Onsite power and hydrogen markets

  4. Supply chain and manufacturing scaling riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Capacity expansion and delivery growth require reliable sourcing and production throughput.

    Kohdistuu: Fuel cell manufacturing and suppliers

  5. Short-seller and reputation riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Public allegations can pressure the share price and disrupt customer, supplier, and financing relationships.

    Kohdistuu: Capital markets and commercial counterparties

Kysy Clarifolta: Bloom Energy Corp

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Different contract elements can be recognized at different points in time, affecting quarterly comparability.

Vaikutus: Product, service, installation, and electricity revenue timing

Project milestone accounting

Installation and deployment milestones can shift revenue and gross margin between periods.

Vaikutus: Quarterly revenue volatility

Warranty and loss provisions

Hardware deployments may require estimates for future support and remediation costs.

Vaikutus: Cost of revenue and margins

Impairment of project assets

Large project assets and investments may need write-downs if economics change.

Vaikutus: Operating results and balance sheet values

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

FuelCell Energy, Inc

FCEL · Electrical Industrial Apparatus

Plug Power, Inc

PLUG · Electrical Industrial Apparatus

Stem, Inc

STEM · Services-Computer Integrated Systems Design

Blusky Ai Inc.

BSAI · Gold and Silver Ores

Ballard Power Systems Inc.

BLDP · Electrical Industrial Apparatus

Liberty Energy Inc.

LBRT · Oil & Gas Field Services, NEC

Päivitetty: 28.9.2026

Bloom Energy Corp (BE) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo