Bloom Energy Corporation reported its financial results for the first quarter ended March 31, 2025, on April 30, 2025. The company achieved record Q1 revenue of $326.0 million, representing a 38.6% increase compared to the first quarter of 2024.
The company's non-GAAP gross margin improved to 28.7%, an increase of 11.2 percentage points year-over-year, and it reported a non-GAAP operating profit of $13.2 million, a significant improvement from a loss in the prior year. Non-GAAP EPS was $0.03.
Bloom Energy reaffirmed its full-year 2025 guidance for revenue, non-GAAP gross margin, and non-GAAP operating income. However, the company also announced that CFO Dan Berenbaum would depart effective May 1, 2025, with Maciej Kurzymski, Chief Accounting Officer, stepping in as Acting Principal Financial Officer.
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