Bloom Energy Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Product | $1,085,153 | $975,245 | $880,664 |
| Installation | 122,318 | 92,796 | 92,120 |
| Service | 213,542 | 183,065 | 150,954 |
| Electricity | 52,843 | 82,364 | 75,387 |
| Total revenue1 | 1,473,856 | 1,333,470 | 1,199,125 |
| Cost of revenue: | |||
| Product | 685,847 | 630,105 | 616,178 |
| Installation | 129,446 | 105,735 | 104,111 |
| Service | 214,961 | 220,927 | 168,491 |
| Electricity | 38,954 | 178,909 | 162,057 |
| Total cost of revenue2 | 1,069,208 | 1,135,676 | 1,050,837 |
| Gross profit | 404,648 | 197,794 | 148,288 |
| Operating expenses: | |||
| Research and development | 148,629 | 155,865 | 150,606 |
| Sales and marketing | 68,005 | 89,961 | 90,934 |
| General and administrative3 | 165,105 | 160,875 | 167,740 |
| Total operating expenses | 381,739 | 406,701 | 409,280 |
| Income (loss) from operations | 22,909 | (208,907) | (260,992) |
| Interest income | 25,342 | 19,885 | 3,887 |
| Interest expense4 | (62,636) | (108,299) | (53,493) |
| Other income (expense), net | 15,904 | (2,793) | 4,998 |
| Loss on extinguishment of debt | (27,182) | (4,288) | (8,955) |
| (Loss) gain on revaluation of embedded derivatives | (694) | (1,641) | 566 |
| Loss before income taxes | (26,357) | (306,043) | (313,989) |
| Income tax provision | 846 | 1,894 | 1,097 |
| Net loss | (27,203) | (307,937) | (315,086) |
| Less: Net income (loss) attributable to noncontrolling interest | 2,024 | (5,821) | (13,378) |
| Net loss attributable to common stockholders | (29,227) | (302,116) | (301,708) |
| Less: Net loss attributable to redeemable noncontrolling interest | — | — | (300) |
| Net loss before portion attributable to redeemable noncontrolling interest and noncontrolling interest | $(29,227) | $(302,116) | $(301,408) |
| Net loss per share available to common stockholders, basic and diluted | $(0.13) | $(1.42) | $(1.62) |
| Weighted average shares used to compute net loss per share available to common stockholders, basic and diluted | 227,365 | 212,681 | 185,907 |
1 Including related party revenue of $338.6 million, $487.2 million and $36.3 million for the years ended December 31, 2024, 2023 and 2022, respectively.
2 Including related party cost of revenue of $0.2 million and $0.1 million for the years ended December 31, 2024, and 2023, respectively. There wasno related party cost of revenue for the year ended December 31, 2022.
3 Including related party general and administrative expenses of $0.7 million and $0.8 million for the years ended December 31, 2024, and 2023, respectively. There wereno related party general and administrative expenses for the year ended December 31, 2022.
4 Including related party interest expense of $0.2 million and $0.1 million for the years ended December 31, 2024, and 2023, respectively. There wasno related party interest expense for the year ended December 31, 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.