Filing Flows › Bloom Energy (BE) › Q4 2025
Bloom Energy (BE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 9, 2026
Bloom Energy (BE) reported revenue of $778M for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +50% from the quarter before. Operating margin was 11.3%, net earnings $1.4M (0.2% of revenue).
Bloom Energy, Q4 2025: revenue $778M (+36% year over year), operating margin 11.3%, net earnings $1.4M, operating cash flow $418M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $778M | +50% | +36% |
| Gross profit | $240M | +58% | +9% |
| Operating profit | $87.5M | 11× | -16% |
| Net earnings | $1.4M | — | -99% |
| Operating cash flow | $418M | 21× | -14% |
| Free cash flow | $395M | 54× | -16% |
What changed
Revenue was $777.7M in Q4 2025, up 36% year over year and up 50% from the previous quarter. Product was the largest line at 82% of revenue.
Gross margin was 30.8%, down 7.5 points from a year earlier. Operating profit was $87.5M, a 11.3% margin (down 7.0 points year over year). Operating profit fell $17.2M even though revenue rose $205.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 33% against revenue growth of 36%. The fastest-growing cost line was Sales & marketing (+92%). Net earnings were $1.1M, down 99% year over year. The effective tax rate was 40.0%.
Operating cash flow was $418.1M (down 14% year over year), 29318% of net income including minority interests. Non-cash charges added back $13.2M of depreciation. Working capital and other items added $403.5M. Capital expenditures of $23.0M left free cash flow of $395.1M.
Questions
What was Bloom Energy's revenue in the fourth quarter 2025?
Bloom Energy (BE) reported revenue of $778M for the fourth quarter 2025 (Q4 2025), +36% from a year earlier and +50% from the quarter before.
Was Bloom Energy profitable in the fourth quarter 2025?
Operating profit was $87.5M (11.3% of revenue) and net earnings $1.4M.
Source: Bloom Energy 10-K on SEC EDGAR.