Bloom Energy Corp (BE) Form 10-Q — Oct 22, 2026
Bloom Energy's Q3 2026 revenue surged to $1.2358 billion, up roughly 138% from $519.0 million a year earlier, driven by product revenue that more than doubled to $1.0736 billion. The company swung from a $23.1 million net loss to $250.3 million of net income, with diluted EPS of $0.78 versus $(0.10) last year. The balance sheet strengthened materially: cash stands at $2.49 billion, nine-month operating cash flow turned positive at $272.9 million, and equity nearly tripled to $1.96 billion. Customer deposits grew $583.1 million on new agreements, and Green Notes conversions and the Oracle warrant settlement drove share count to ~295.7 million shares.
Key figures
- Eps
- Basic $0.85 / Diluted $0.78 (Q3 2026) vs $(0.10) prior year
- Revenue
- 1235837000
- Guidance
- No quantitative guidance stated; management expects cash plus operating cash flow to be sufficient for at least 12 months
- Net Income
- 250271000
- Total Debt
- 2525721000
- Revenue Yoy
- +138.1% (Q3 2026 vs Q3 2025); nine-month revenue $3,052.3M vs $1,246.3M
- Total Assets
- 6571583000
- Cash Position
- 2486702000
- Shares Outstanding
- 295656689
- Gross profit q3
- 417104000
- Operating income q3
- 225449000
- Purchase commitments
- $5.8 billion (terms >12 months)
- Green notes converted
- $152.0 million principal, 7,796,169 shares issued
- Related party revenue q3
- 321644000
- Customer concentration q3
- Two customers ~43% and ~26% of Q3 revenue
- Oracle warrant settlement
- $323.9 million aggregate fair value; 1,905,433 shares plus 248,798 inducement shares issued
- Customer deposits increase
- $583.1 million for nine months
- Operating cash flow nine months
- 272895000
- Unsatisfied performance obligations
- $661.2 million plus $56.2 million deferred service contracts
AI analysis
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