Bloom Energy ( (BE) ) has released its Q1 earnings. Here is a breakdown of the information Bloom Energy presented to its investors.
Bloom Energy, a leader in distributed energy generation and hydrogen solutions, reported significant growth in its first quarter of 2025, showcasing a 38.6% increase in revenue compared to the previous year. The company, known for its solid oxide platform, continues to be a trusted partner for Fortune 100 companies aiming for lower carbon electricity and a net-zero future.
In its latest earnings report, Bloom Energy highlighted a record first-quarter revenue of $326 million, marking a substantial year-over-year growth. The company also reaffirmed its revenue and margin guidance for 2025, signaling confidence in its strategic direction and market position.
Key financial metrics revealed a notable improvement in gross margin, which rose to 27.2% from 16.2% in the same quarter last year. Additionally, the company reported a non-GAAP operating profit of $13.2 million, a significant turnaround from the previous year’s operating loss. Despite an operating loss of $19.1 million under GAAP, this reflects a marked improvement from the $49 million loss reported in the first quarter of 2024.
Bloom Energy also announced a change in its executive team, with CFO Dan Berenbaum stepping down. The company has initiated a search for a new CFO, with Maciej Kurzymski stepping in as Acting Principal Financial Officer. This transition is described as amicable, with no disagreements over financial policies.
Looking ahead, Bloom Energy remains optimistic about its growth prospects, driven by increasing demand for power solutions in AI, data centers, and industrial electrification. The company is well-positioned to capitalize on these opportunities, maintaining a positive outlook for the remainder of 2025.