Flagship explainer

How BLOOM ENERGY CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.0B · 100%Cost of revenue$18M · 1%Gross profit$587M · 29%Operating income$72.8M · 4%Income before tax−$84.4M · −4%Income tax$2.7M · 0%Net income−$87.1M · −4%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.0B100%
Cost of revenue$18M1%
$587M29%
$72.8M4%
Income before tax−$84.4M−4%
Income tax$2.7M0%
−$87.1M−4%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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