- Adjusted EBITDA reached $41.2 million versus $10.2 million in Q2 2024.
- Bloom Energy reported record second quarter revenue of $401 million, up 19.5% year-over-year.
- Earnings per share (EPS) was positive $0.10 compared to a loss of $0.06 a year ago.
- Gross margin improved to 28.2%, a 650 basis point increase from 21.8% in Q2 2024, driven by product mix and level loaded manufacturing.
- Operating income was $28.6 million compared to a $3.2 million loss in Q2 last year.
- The company refinanced $113 million of convertible notes due in 2025 to increase financial optionality.
- The service business has been profitable for six consecutive quarters with double-digit percentage margins for the first time.
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Dafinchi