Filing Flows › Bloom Energy (BE) › How it makes money
How Bloom Energy (BE) makes money
Bloom Energy (BE) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +140% from a year earlier. Product brought in $1.1B (87%); Installation brought in $84.9M (7%); Service brought in $67.6M (5%). Of every dollar of revenue, 34¢ was left as gross profit, 18¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $1.1B | 87.2% | +15% | +179% |
| Installation | $84.9M | 6.9% | +66% | +29% |
| Service | $67.6M | 5.5% | -2% | +15% |
| Electricity | $5.0M | 0.4% | -6% | +8% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $819M | 66.5% |
| Gross profit | $417M | 33.9% |
| Operating expenses | $192M | 15.6% |
| Operating profit | $225M | 18.3% |
| Income tax | $817K | 0.1% |
| Net earnings | $250M | 20.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.2B | +138% |
| Q2 2026 | $1.1B | +166% |
| Q1 2026 | $751M | +130% |
| Q4 2025 | $778M | +36% |
| Q3 2025 | $519M | +57% |
| Q2 2025 | $401M | +20% |
| Q1 2025 | $326M | +39% |
From Bloom Energy's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Bloom Energy make money?
Bloom Energy (BE) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +140% from a year earlier. Product brought in $1.1B (87%); Installation brought in $84.9M (7%); Service brought in $67.6M (5%). Of every dollar of revenue, 34¢ was left as gross profit, 18¢ was left as operating profit, 20¢ was left as net earnings.
What is Bloom Energy's biggest business?
Product: $1.1B in the third quarter 2026, 87% of revenue, +179% from a year earlier.
What is Bloom Energy's profit margin?
Net earnings were $250M, 20.3% of revenue, in the third quarter 2026; the operating margin was 18.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.