Record First Quarter Revenue
Bloom Energy reported a record first quarter revenue of $326 million, up 39% year-over-year, marking the best first quarter in the company's 24-year history.
Positive Financial Performance
The company achieved its first-ever positive Q1 non-GAAP EPS, with an EPS of $0.03 per share versus a loss of $0.17 per share a year ago. EBITDA was $25.2 million, compared to a negative $18.2 million in Q1 2024.
Strong Service Segment
Bloom Energy's service segment was profitable for the fifth consecutive quarter, indicating improved performance and profitability in this area.
Expansion in International Markets
International expansion continues to progress well, with strong performance in Korea and growth in other regions like Taiwan and parts of Europe.