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Dec 31, 2023
Bloom Energy Q4 2023 Earnings Report
Reported a decrease in revenue compared to the same quarter last year, but improved operating profit.
Key Takeaways
Bloom Energy reported Q4 2023 revenue of $356.9 million, a decrease of 22.8% compared to Q4 2022. The company achieved an operating profit of $12.9 million, a significant improvement from the operating loss of $40.6 million in the same quarter last year. Full year revenue reached a record $1.3 billion.
Q4 2023 revenue was $356.9 million, down 22.8% year-over-year.
Gross margin for Q4 2023 increased to 25.9% from 15.4% in Q4 2022.
Operating profit for Q4 2023 was $12.9 million, a $53.5 million improvement year-over-year.
Full year revenue reached a record $1.3 billion, an 11.2% increase over the previous year.
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 provided its outlook for the full year 2024.
Positive Outlook
- Revenue: $1.4 - $1.6B
- Non-GAAP Gross Margin: ~28%
- Non-GAAP Operating Income: $75 - $100M
Revenue & Expenses
Visualization of income flow from segment revenue to net income