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Dec 31, 2022
Bloom Energy Q4 2022 Earnings Report
Reported a strong Q4 2022, with revenue increase and record backlog.
Key Takeaways
Bloom Energy reported a revenue of $462.6 million for Q4 2022, a 35.1% increase compared to Q4 2021. The company's full year revenue surpassed $1 billion for the first time, and they closed the year with a record backlog of $10 billion.
Revenue increased by 35.1% to $462.6 million in Q4 2022 compared to $342.5 million in Q4 2021.
Product and Service revenue increased by 41.4% to $400.2 million in Q4 2022 compared to $283.0 million in Q4 2021.
Gross margin was 15.4% in Q4 2022, a decrease from 20.1% in Q4 2021.
Non-GAAP gross margin was 30.4% in Q4 2022, an increase from 21.2% in Q4 2021.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Forward Guidance
Bloom Energy provided its full-year 2023 outlook.
Positive Outlook
- Revenue: $1.4 - $1.5 billion
- Product & Service Revenue: $1.25 - $1.35 billion
- Non-GAAP Gross Margin: 25%
- Non-GAAP Operating Margin: Positive
Revenue & Expenses
Visualization of income flow from segment revenue to net income