Filing Flows › Bloom Energy (BE) › Q1 2025
Bloom Energy (BE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Bloom Energy (BE) reported revenue of $326M for the first quarter 2025 (Q1 2025), +39% from a year earlier and -43% from the quarter before. Operating margin was -5.8%, net loss $23.4M (7.2% of revenue).
Bloom Energy, Q1 2025: revenue $326M (+39% year over year), operating margin -5.8%, net loss $23.4M, operating cash flow −$111M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $326M | -43% | +39% |
| Operating profit | −$19.1M | — | — |
| Net earnings | −$23.4M | — | — |
| Operating cash flow | −$111M | — | — |
What changed
Revenue was $326.0M in Q1 2025, up 39% year over year and down 43% from the previous quarter. Product was the largest line at 65% of revenue. Product added $58.5M year over year (up 38%), 64% of the total change. Service declined 5%.
Gross margin was 27.2%, up 11.0 points from a year earlier. Operating costs exceeded revenue by $19.1M, an operating margin of -5.8%. Operating expenses grew 24% against revenue growth of 39%. The fastest-growing cost line was Sales & marketing (+64%). The quarter ended with a net loss of $23.4M, after a profit of $105.2M the previous quarter.
Operating cash flow was −$110.7M. Non-cash charges added back $12.0M of depreciation. Working capital and other items used $99.3M. Capital expenditures of $14.3M exceeded it, leaving free cash flow of −$124.9M.
Questions
What was Bloom Energy's revenue in the first quarter 2025?
Bloom Energy (BE) reported revenue of $326M for the first quarter 2025 (Q1 2025), +39% from a year earlier and -43% from the quarter before.
Was Bloom Energy profitable in the first quarter 2025?
Operating loss was $19.1M (-5.8% of revenue) and net loss $23.4M.
Source: Bloom Energy 10-Q on SEC EDGAR.