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Bloom Energy Cash Flow Statement

Operating, investing, and financing cash movements

Bloom Energy generated $298.2M in operating cash flow over the trailing twelve months. After $68.7M in capital expenditures, free cash flow was $229.6M. Free cash flow increased 2.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$298.2MNet Cash From Investing (TTM)-$124.8MNet Cash From Financing (TTM)$1.5BCapital Expenditures (TTM)$68.7MNet Change In Cash (TTM)$1.7B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$70.8B
P/E Ratio8290.48
ROE1.14%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$11.1M$14.3M$7.2M$12.3M$23M$26.2M
Payments to Acquire Equity Method Investments$0$0——$11.9M$19.8M
Proceeds from disposals of property, plant and equipment$34K$43K$33K$0$55K$91K
Net cash from investing activities-$11.1M-$14.2M-$7.2M-$36.9M-$34.8M-$45.9M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$35.3M$52.6M$226K$23.4M$34.7M$37M
Change in accounts receivable-$257.5M-$2.3M$132.2M——-$11.8M
Change in deferred revenue$111.1M-$70.8M-$108M-$19.3M—$89.5M
Change in inventories—$65.6M$77M$36.6M—$88.6M
Change in other assets-$3.4M-$2.3M$1.4M-$902K$12.8M$26M
Net cash from operating activities$484.2M-$110.7M-$213.1M$19.7M$418.1M$73.6M
Net income—-$23.4M-$42.2M-$23M$0$73.7M
Non-cash interest expense$1.9M$1.9M$1.9M$1.8M$2.7M$3.4M
Depreciation$13.9M$12M$12.6M$12.8M$13.2M$13.3M
Distributions of earnings from equity method investees—$0———$138K
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax-$3.7M$2.2M$2.6M—$198K-$2.8M
Gain (Loss) on Failed Sale and Leaseback Transactions$12.4M$767K$60K——$9.4M
Equity in earnings (losses) of equity method investees$0$0$0-$19.6M-$20.8M-$17M
Financing lease liabilities$1.2M$451K$531K$206K$1.4M$89K
Increase (Decrease) in Contract with Customer, Asset$24.1M-$1.5M-$13.8M$129.1M—$64.7M
Increase (Decrease) in Deferred Charges$18.3M$4.5M-$34.6M-$4.3M—-$7.1M
Operating lease liabilities-$9.3M-$8.3M-$8.4M-$8.5M-$8.2M-$8.5M
Current liabilities$8.1M-$34.9M$12.3M$50.3M$52.6M-$1.4M
Other long-term liabilities-$723K-$38K$0-$121K-$107K-$86K
Increase (Decrease) in Prepaid Expense and Other Assets-$1.5M$5.1M-$11.2M$4.7M$5.1M$54.2M
Accrued warranty—-$6.3M——$5.3M$18.4M
Debt conversion inducement expense$0$16.6M$16.6M$16.6M$16.6M—
Non-cash lease expense$8.8M$8.1M$8.4M$8.1M$8M$8M
Other Noncash Income (Expense)-$64K$26K$0$5K$26K$281K
Allowance for credit losses$0$85K$85K$85K$85K—
Share-based consideration payable to customer’s customer (Note 3)$0$0———-$3.1M
Stock-based compensation expense$27.4M$30.1M$29.3M$37.3M$42.8M$48.2M
Unrealized Gain (Loss) on Derivatives and Commodity Contracts-$378K-$103K$112K-$411K-$135K$754K

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments Of Debt Issuance Costs—$0$3.3M$0$59.4M$806K
Other, net$0$150K———$0
Repayments Of Financing Obligations$70.4M$2.7M$2.8M$2.9M$2.9M$8M
Net cash from financing activities—$5.1M-$7.1M$39.4M$1.5B$7.1M
Proceeds from issuance of common stock$1.3M$7.7M$30K$42.4M$9.1M$15.8M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$473.1M-$124.9M-$220.4M$7.4M$395.1M$47.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$2.2M$155K$2.1M—$396K$2M
Net increase (decrease) in cash$401.8M-$119.6M-$225.3M$21M$1.9B$36.7M
Accrued payables for capital expenditures—$1.9M$2.4M—$1.5M$4.4M
Derecognition of financing obligations$80.3M$0——$0$20.2M
Operating Lease Payments$9.3M$8.3M$8.3M$8.4M$8.5M$8.5M
Recognition of finance lease right-of-use asset during the year-to-date period$1.2M$451K$505K$206K$1.8M$201K
Recognition of operating lease right-of-use asset during the year-to-date period—$142K$3.6M$167K$531K$5.8M
Unfunded investment commitment (Note 11)—$0———$1.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$141K$384K$391K$347K$584K$618K
Interest paid$21.1M$5.5M$21.2M$3.9M$19M$4.1M
Operating cash flows from finance leases$72K$81K$88K$87K$100K$116K