What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Bloom Energy (BE) spend its free cash flow?

For TTM through Q1 2026, Bloom Energy generated $302M of operating cash flow and $233M of free cash flow — a free cash flow margin of 77.3% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Bloom Energy (BE) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Bloom Energy's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Bloom Energy (BE) Cash Flow Waterfall

Operating CF

$302M

Capex

-$68.6M

Free Cash Flow

$233M

FCF Margin

+77.3%

Cash flow waterfall for Bloom Energy (BE) — TTM through Q1 2026

Free cash flow: $233M

Cash flow breakdown for Bloom Energy (BE) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$302M	$302M
Capital Expenditure	-$68.6M	$233M
Free Cash Flow	$233M	$233M
Other Investing	-$56.3M	$177M
Net Debt Change	$1.44B	$1.62B
Other Financing & FX	$68.8M	$1.69B
Net Cash Increase	$1.69B	$1.69B

Operating Cash Flow$302M
Capital Expenditure-$68.6M
Free Cash Flow$233M
Other Investing-$56.3M
Net Debt Change$1.44B
Other Financing & FX$68.8M
Net Cash Increase$1.69B

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Bloom Energy (BE) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

BE Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation