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Mar 31
Bloom Energy Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
Bloom Energy reported record Q1 revenue of $326.0 million, a 38.6% increase year-over-year, driven by strong product and service revenue growth. The company also saw significant improvements in both GAAP and Non-GAAP gross margin and operating income, reiterating its full-year 2025 guidance.
Achieved record Q1 revenue of $326.0 million, representing 38.6% year-over-year growth.
Gross margin improved significantly to 27.2% compared to 16.2% in the prior year quarter.
Operating loss narrowed to $19.1 million from $49.0 million in the first quarter of 2024.
Reaffirmed full-year 2025 revenue and margin guidance.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comInstallation Revenue
CapyFin.comService Revenue
CapyFin.comElectricity Revenue
CapyFin.com Forward Guidance
Bloom Energy reaffirms its full-year 2025 outlook for revenue and non-GAAP margins.
Positive Outlook
- Reaffirming full-year 2025 revenue guidance of $1.65B - $1.85B.
- Reaffirming full-year 2025 Non-GAAP Gross Margin guidance of ~29%.
- Reaffirming full-year 2025 Non-GAAP Operating Income guidance of $135M - $165M.
- Expects demand to grow, driven by AI, data center needs and industrial electrification.
- Company is well-positioned to serve growing energy markets.
Challenges Ahead
- Quantitative reconciliation of non-GAAP guidance to GAAP measures is not available without unreasonable efforts.
- Future GAAP results could be significantly affected by material changes to reconciling items.
- Company's limited operating history and evolving market trends pose inherent risks.
- Significant upfront costs of Energy Servers and ability to secure financing are factors.
- Supply constraints and changes in the regulatory landscape could impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income