Bloom Energy Corporation · NYSE:BE
Bloom Energy — Q1 2025 Earnings Presentation
15 slides from Bloom Energy's earnings presentation, Apr 30, 2025
Slide 1: Q1'25 Earnings
Q1’25 Earnings April 30, 2025
Slide 2: Forward-looking statements and non-GAAP financial measures
Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our futur
Slide 3: Bloom's Mission
Bloom's Mission To Make Clean, Reliable Energy Affordable for Everyone in the World.” 3
Slide 4: Financial Performance
Financial Performance $ in millions Q1’25 Q1’24 YoY Revenue $326.0 $235.3 38.6% Non-GAAP Gross Margin1 28.7% 17.5% 11.2pts Non-GAAP Operating Income1 $13.2 ($30.7) $43.9 Adjusted EBITDA1 $25.2 ($18.2) $43.4 Non-GAAP EPS1 $0.03 ($0.17) $0.20 Note: Dollars in millions, except per share figures and per
Slide 5: Reaffirming 2025 Guidance
Reaffirming 2025 Guidance Metric 2025 Outlook Total Revenue $1.65B - $1.85B Non-GAAP Gross Margin1 ~29% Non-GAAP Operating Income1 $135M - $165M 1. With respect to Bloom’s expectations regarding its 2025 Outlook. Bloom is not able to provide a quantitative reconciliation of non-GAAP gross margin and
Slide 6: Growing Revenue and Expanding Margins
Growing Revenue and Expanding Margins Revenue ($ in billions) Non-GAAP Gross Margin1 $1.65 - $1.85 $1.5 ◆ 29% 29% $1.3 $1.2 26% $1.0 $0.8 23% 23% 22% 2020 21 22 23 24 2025E 2020 21 22 23 24 2025E Reiterating 2025 guidance after Q1 2025 results 1. Please reference appendix for GAAP to Non-GAAP reconc
Slide 7: Driving Profitability and Generating Cash
Driving Profitability and Generating Cash Non-GAAP Operating Income1 Cash Flow from Operating Activities $135 - $165 $108 ◆ Similar to ‘24 $92 $19 $(7) $(38) $(33) $(61) $(99) $(192) $(372) 2020 21 22 23 24 2025E 2020 21 22 23 24 2025E Expanding profit margins; CFOA similar to 2024 levels 1. Please
Slide 8: Appendix
Appendix Q1 2025 Bloomenersy
Slide 9: GAAP to Non-GAAP reconciliation: Gross profit and margin
GAAP to Non-GAAP reconciliation: Gross profit and margin $ in millions Q1’25 Q1’24 GAAP revenue $326.0 $235.3 GAAP cost of sales 237.3 197.2 GAAP gross profit $88.7 $38.1 Non-GAAP adjustments: Stock-based compensation expense 4.8 3.8 Restructuring (0.2) (0.7) Other 0.2 - Non-GAAP gross profit $93.5
Slide 10: GAAP to Non-GAAP reconciliation: Operating income (loss) and margin
GAAP to Non-GAAP reconciliation: Operating income (loss) and margin $ in millions Q1’25 Q1’24 GAAP operating loss ($19.1) ($49.0) Non-GAAP adjustments: Stock-based compensation expense 32.2 18.9 Restructuring (0.2) ($0.6) Other 0.2 - Non-GAAP operating income (loss) $13.2 ($30.7) GAAP operating marg
Slide 11: GAAP to Non-GAAP reconciliation: Net income (loss) and EPS
GAAP to Non-GAAP reconciliation: Net income (loss) and EPS Diluted Diluted $ in millions, except per share Q1’25 earnings per Q1’24 earnings per share share GAAP net loss to common stockholders ($23.8) ($0.10) ($57.5) ($0.25) Non-GAAP adjustments: Add back: Net income for attributable to noncontroll
Slide 12: GAAP to Non-GAAP reconciliation: Adjusted EBITDA
GAAP to Non-GAAP reconciliation: Adjusted EBITDA $ in millions Q1’25 Q1’24 GAAP net loss to common stockholders ($23.8) ($57.5) Non-GAAP adjustments:1 Add back: Net income attributable to noncontrolling interest 0.4 1.0 Loss (gain) on derivative liabilities 0.1 (0.2) Effect of assets buyout and repo
Slide 13: GAAP to Non-GAAP reconciliation: Diluted earnings (loss) per share
GAAP to Non-GAAP reconciliation: Diluted earnings (loss) per share $ and count in millions, except per share Q1’25 Q1’24 Numerator: GAAP net loss to common stockholders ($23.8) ($57.5) Non-GAAP net income (loss) to common stockholders $6.4 ($38.4) Denominator: Weighted-average shares used to compute
Slide 14: GAAP to Non-GAAP reconciliation: Gross profit (loss) and margin
GAAP to Non-GAAP reconciliation: Gross profit (loss) and margin $ in Q1’25 Q1’24 millions Non- Non- GAAP GAAP Non- GAAP Non-GAAP Non- GAAP Non-GAAP gross Revenue gross GAAP gross gross Revenue GAAP gross gross profit profit Adj 1 profit margin Adj 1 profit margin (loss) (loss) (loss) Product $211.9
Slide 15: What Powers You
What Bloomenergy | Powers You