Bloom Energy Corporation (BE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BE Revenue Growth
Revenue Breakdown (FY 2025)
BE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BE Revenue Analysis (2014–2025)
As of May 7, 2026, Bloom Energy Corporation (BE) generated trailing twelve-month (TTM) revenue of $2.45 billion, reflecting explosive growth of +130.4% year-over-year. The most recent quarter (Q1 2026) recorded $751.1 million in revenue, down 3.4% sequentially.
Looking at the longer-term picture, BE's 5-year compound annual growth rate (CAGR) stands at +20.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.02 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BE's business is primarily driven by Product (76%), Service (11%), and Installation (10%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including PLUG (+12.9% YoY), FCEL (+48.3% YoY), and BLDP (+42.5% YoY), BE has outperformed the peer group in terms of revenue growth. Compare BE vs PLUG →
BE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BECurrent | $2.4B | +130.4% | +20.6% | 3.6% | |
 PLUG | $710M | +12.9% | - | 38.1% | |
 FCEL | $158M | +48.3% | +17.4% | -76.6% | |
 BLDP | $101M | +42.5% | -0.5% | -80.6% | |
 GNRC | $4.2B | -0.5% | +11.1% | 6.9% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% |
BE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.02B | +37.3% | $587.4M | 29.0% | $72.8M | 3.6% |
| 2024 | $1.47B | +10.5% | $404.6M | 27.5% | $22.9M | 1.6% |
| 2023 | $1.33B | +11.2% | $197.8M | 14.8% | $-208,907,000 | -15.7% |
| 2022 | $1.20B | +23.3% | $148.3M | 12.4% | $-260,992,000 | -21.8% |
| 2021 | $972.2M | +22.4% | $195.0M | 20.1% | $-117,076,000 | -12.0% |
| 2020 | $794.2M | +1.2% | $161.4M | 20.3% | $-85,179,000 | -10.7% |
| 2019 | $785.2M | +5.8% | $94.8M | 12.1% | $-235,565,000 | -30.0% |
| 2018 | $742.0M | +97.4% | $100.1M | 13.5% | $-170,648,000 | -23.0% |
| 2017 | $376.0M | +80.3% | $-21,261,000 | -5.7% | $-160,496,000 | -42.7% |
| 2016 | $208.5M | +20.6% | $-101,299,000 | -48.6% | $-244,123,000 | -117.1% |
Full BE Stock Analysis
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Start ComparisonBE — Frequently Asked Questions
Quick answers to the most common questions about buying BE stock.
Is BE's revenue growth accelerating or slowing?
BE revenue is accelerating at +130.4% year-over-year, exceeding the 5-year CAGR of +20.6%. TTM revenue reached $2.4B. Growth momentum has increased versus prior periods.
What is BE's long-term revenue growth rate?
Bloom Energy Corporation's 5-year revenue CAGR of +20.6% reflects the sustained expansion pattern. Current YoY growth of +130.4% is above this long-term average.
How is BE's revenue distributed by segment?
BE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.