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Bloom Energy BE Non-recourse debt

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Other financials

Income statement

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Revenue$1.1B+166%
Gross profit$355.6M+232%
Operating income$182.2M+5,302%
Net income$198.9M+571%
EPS (diluted)$0.62+444%

Balance sheet

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Cash & equivalents$2.7B+344%
Total debt$2.6B+105%
Total equity$1.6B+171%
Total assets$5.6B+122%

Cash flow

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Operating cash flow$226.4M+206%
CapEx$51.6M+613%
Free cash flow$174.8M+179%

Valuation

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Market cap$64.6B+633%
Enterprise value$64.52B+581%
P/E258.8×
P/S20.8×+15.3×

Profitability

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Gross margin31.2%+0.9pp
Operating margin11.2%+6.8pp
Net margin8%
FCF margin20.1%+17.4pp

Returns & leverage

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Return on equity22.6%
Debt / equity1.6×-0.5×
Current ratio4.1×-0.9×

Where this comes from

Reported directly by Bloom Energy in its filing.

Tagged under the XBRL concept be:LongTermPortionOfNonRecourseDebtExcludingRelatedPartyCurrentMaturities.

The source filing: Bloom Energy’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 5:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050247
Line itemJune 30, 2026December 31, 2025
Operating lease liabilities123,09422,000
Financing obligations62,03451,308
Recourse debt4,686
Non-recourse debt12,5834,153
Total current liabilities1,123,187623,832
Deferred revenue and customer deposits117,90142,840
Operating lease liabilities1102,730106,935
Financing obligations144,446192,460

ITEM 1—FINANCIAL STATEMENTS

FAQ

What is Bloom Energy's non-recourse debt?
Bloom Energy (BE) reported non-recourse debt of $2.58M in Q2 2026.
How has Bloom Energy's non-recourse debt changed year-over-year?
Bloom Energy's non-recourse debt increased by 74.8% year-over-year, from $1.48M to $2.58M.
What is the long-term trend for Bloom Energy's non-recourse debt?
Over 3 years (2021 to 2025), Bloom Energy's non-recourse debt has grown at a -38.1% compound annual growth rate (CAGR), from $17.48M to $4.15M.
What does non-recourse debt mean?
This represents the portion of non-recourse debt due within one year, where the lender's claim is limited to specific project assets. Because the company is not personally liable for the full amount beyond the collateral, it carries different risk implications than recourse debt. It is common in project finance structures where specific assets generate the cash flow for repayment.

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