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Dec 31, 2024
Bloom Energy Q4 2024 Earnings Report
Bloom Energy reported record Q4 revenue and strong operating income growth.
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
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 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