Income StatementBalance SheetCash FlowSegments
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Bloom Energy Business Segments

Business, geographic, and product segment breakdowns

Bloom Energy generates $2.4B in annual revenue across 4 key segments: Electricity ($28.4M), Installation ($207.7M), Product ($1.3B), and Service ($206.2M). The company-wide operating margin is 6.7%. Based on the Q1 2026 filing.

Electricity (TTM)$28.4MInstallation (TTM)$207.7MProduct (TTM)$1.3BService (TTM)$206.2M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$80.6B
P/E Ratio9439.05
ROE1.14%

Products & Services

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$253.6M$139.6M$198.7M$249.8M$404.7M$429.2M
Service$54.7M$52.9M$49.4M$51.8M$51.3M$53.7M
Installation$34.1M$33.3M$38.2M$59.9M$74.5M$35.1M
Electricity$10.6M$11.6M$7.7M$5.8M$7.3M$7.5M

Revenue from contracts that contain leases

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electricity$5.4M$6.8M$5.0M$5.7M$4.9M$4.7M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$471.7M$211.9M$296.6M$384.3M$638.5M$653.3M
Service$53.8M$53.5M$54.4M$58.6M$61.7M$61.9M
Installation$36.1M$33.7M$37.4M$65.8M$67.3M$25.9M
Electricity$10.8M$27.0M$12.8M$10.4M$10.2M$9.9M

Fair value adjustment of warrants

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Installation—$25.0K$25.0K$25.0K$25.0K—
Product—$4.0M$4.0M$4.0M$4.0M—

Unsatisfied performance obligations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product———$88.5M$394.4M$441.1M
Service———$15.9M$25.0M$51.5M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concentration risk, percentage—0.56———0.91