Filing Flows › Bloom Energy (BE) › Q2 2025
Bloom Energy (BE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Bloom Energy (BE) reported revenue of $401M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before. Operating margin was -0.9%, net loss $42.2M (10.5% of revenue).
Bloom Energy, Q2 2025: revenue $401M (+20% year over year), operating margin -0.9%, net loss $42.2M, operating cash flow −$213M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $401M | +23% | +20% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$42.2M | — | — |
| Operating cash flow | −$213M | — | — |
What changed
Revenue was $401.2M in Q2 2025, up 20% year over year and up 23% from the previous quarter. Product was the largest line at 74% of revenue. Product added $70.3M year over year (up 31%), 107% of the total change. Installation declined 13%.
Gross margin was 26.7%, up 6.3 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -0.9%. Operating expenses grew 21% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+34%). The quarter ended with a net loss of $42.2M, wider than the previous quarter's $23.4M loss. Net interest and other expense of $37.7M was the main reason.
Operating cash flow was −$213.1M. Non-cash charges added back $12.6M of depreciation. Working capital and other items used $183.5M. Capital expenditures of $7.2M exceeded it, leaving free cash flow of −$220.4M.
Questions
What was Bloom Energy's revenue in the second quarter 2025?
Bloom Energy (BE) reported revenue of $401M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before.
Was Bloom Energy profitable in the second quarter 2025?
Operating loss was $3.5M (-0.9% of revenue) and net loss $42.2M.
Source: Bloom Energy 10-Q on SEC EDGAR.