Bloom Energy Q4 2024 Earnings Report
Key Takeaways
Bloom Energy achieved record revenue of $572.39 million in Q4 2024, a 60.42% YoY increase, driven by strong demand for products and services. Net income surged to $104.80 million, and the company generated $484.23 million in operating cash flow. The company improved its gross margin to 38.3% and maintained strong financial momentum heading into 2025.
Record Q4 revenue of $572.39 million, up 60.42% YoY.
Net income surged to $104.80 million, up from $4.51 million in Q4 2023.
Generated $484.23 million in operating cash flow, significantly strengthening liquidity.
Positioned for future growth with increasing AI-driven energy demand.
Bloom Energy Revenue
Bloom Energy EPS
Bloom Energy Revenue by Segment
Forward Guidance
Bloom Energy expects continued revenue growth in 2025, with a projected midpoint increase of 19% YoY, supported by AI-driven energy demand and operational efficiency.
Positive Outlook
- Projected FY 2025 revenue between $1.65B - $1.85B, a 19% YoY growth midpoint.
- Expected non-GAAP operating income of $135M - $165M, indicating improved profitability.
- Ongoing expansion into AI-powered data center energy solutions.
- Strong cash position of $802.85M with no significant liquidity concerns.
- Continued efficiency improvements leading to higher gross margins.
Challenges Ahead
- High recourse debt of $1.01B may impact financial flexibility.
- Declining electricity revenue due to market conditions.
- Potential economic downturn could slow customer investments.
- Increased competition in the clean energy sector.
- Dependence on large-scale projects for revenue growth introduces execution risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income