Bloom Energy annual debt-to-equity ratio
2020
2022
2023
2024
2025
Bloom Energy Debt-to-Equity Ratio Growth & History (BE)
Bloom Energy's debt-to-equity ratio was 3.59 for fiscal 2025.
View full Bloom Energy company overviewBloom Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.59 | 1.11 | +45.02% |
| 2024 | 2024-12-31 | 2.47 | 0.46 | +22.71% |
| 2023 | 2023-12-31 | 2.02 | 0.36 | +21.93% |
| 2022 | 2022-12-31 | 1.65 | — | — |
| 2020 | 2020-12-31 | 5.59 | — | — |
Bloom Energy quarterly debt-to-equity ratio
Q4.20
Q1.21
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.74 | −0.41 | −18.92% |
| Q1 2026 | 2026-03-31 | 2.97 | 0.57 | +23.86% |
| Q4 2025 | 2025-12-31 | 3.59 | 1.11 | +45.02% |
| Q3 2025 | 2025-09-30 | 1.95 | −1.30 | −40.06% |
| Q2 2025 | 2025-06-30 | 2.15 | −0.89 | −29.16% |
| Q1 2025 | 2025-03-31 | 2.40 | 0.23 | +10.59% |
| Q4 2024 | 2024-12-31 | 2.47 | 0.46 | +22.71% |
| Q3 2024 | 2024-09-30 | 3.25 | 1.20 | +58.76% |
| Q2 2024 | 2024-06-30 | 3.04 | −0.59 | −16.25% |
| Q1 2024 | 2024-03-31 | 2.17 | 0.78 | +55.74% |
| Q4 2023 | 2023-12-31 | 2.02 | 0.36 | +21.93% |
| Q3 2023 | 2023-09-30 | 2.05 | −1.55 | −43.09% |
| Q2 2023 | 2023-06-30 | 3.63 | — | — |
| Q1 2023 | 2023-03-31 | 1.39 | — | — |
| Q4 2022 | 2022-12-31 | 1.65 | — | — |
| Q3 2022 | 2022-09-30 | 3.59 | — | — |
| Q1 2021 | 2021-03-31 | 95.57 | — | — |
| Q4 2020 | 2020-12-31 | 5.59 | — | — |
Bloom Energy debt-to-equity ratio trends
Over the last five fiscal years, Bloom Energy's debt-to-equity ratio decreased from 5.59 to 3.59, a change of −2.01. The latest reported quarter, Q2 2026, shows 1.74.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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