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Side-by-side financial comparison of Bloom Energy Corp (BE) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Bloom Energy Corp is the larger business by last-quarter revenue ($751.1M vs $586.5M, roughly 1.3× StepStone Group Inc.). Bloom Energy Corp runs the higher net margin — 9.4% vs -21.0%, a 30.5% gap on every dollar of revenue. On growth, Bloom Energy Corp posted the faster year-over-year revenue change (130.4% vs 73.0%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs 28.2%).
KR Sridhar is an Indian American engineer, inventor, professor, and entrepreneur. He is the founder, chairman, and chief executive officer (CEO) of Bloom Energy. Prior, Sridhar was a professor of Aerospace and Mechanical Engineering and the Director of the Space Technologies Laboratory (STL) at the University of Arizona. He worked with and advised NASA, and is a member of the National Academy of Engineering.
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
BE vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $586.5M |
| Net Profit | $70.7M | $-123.5M |
| Gross Margin | 30.0% | — |
| Operating Margin | 17.3% | -33.2% |
| Net Margin | 9.4% | -21.0% |
| Revenue YoY | 130.4% | 73.0% |
| Net Profit YoY | — | 35.7% |
| EPS (diluted) | $0.44 | $-1.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $586.5M | ||
| Q3 25 | $513.3M | $454.2M | ||
| Q2 25 | $396.3M | $364.3M | ||
| Q1 25 | $319.3M | $377.7M | ||
| Q4 24 | $567.0M | $339.0M | ||
| Q3 24 | $321.8M | $271.7M | ||
| Q2 24 | $326.5M | $186.4M |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-123.5M | ||
| Q3 25 | $-23.0M | $-366.1M | ||
| Q2 25 | $-42.2M | $-38.4M | ||
| Q1 25 | $-23.4M | $-18.5M | ||
| Q4 24 | $105.2M | $-192.0M | ||
| Q3 24 | $-14.6M | $17.6M | ||
| Q2 24 | $-61.2M | $13.3M |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | -33.2% | ||
| Q3 25 | 1.5% | -148.8% | ||
| Q2 25 | -0.9% | -5.6% | ||
| Q1 25 | -6.0% | 2.6% | ||
| Q4 24 | 18.5% | -101.7% | ||
| Q3 24 | -3.0% | 21.3% | ||
| Q2 24 | -7.1% | 29.4% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -21.0% | ||
| Q3 25 | -4.5% | -80.6% | ||
| Q2 25 | -10.6% | -10.5% | ||
| Q1 25 | -7.3% | -4.9% | ||
| Q4 24 | 18.5% | -56.6% | ||
| Q3 24 | -4.5% | 6.5% | ||
| Q2 24 | -18.7% | 7.2% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-1.55 | ||
| Q3 25 | $-100.00 | $-4.66 | ||
| Q2 25 | $-0.18 | $-0.49 | ||
| Q1 25 | $-0.10 | $-0.37 | ||
| Q4 24 | $0.45 | $-2.61 | ||
| Q3 24 | $-0.06 | $0.26 | ||
| Q2 24 | $-0.27 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $948.0K | $-378.8M |
| Total Assets | $4.7B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $595.1M | — | ||
| Q2 25 | $574.8M | — | ||
| Q1 25 | $794.8M | — | ||
| Q4 24 | $802.9M | — | ||
| Q3 24 | $495.7M | — | ||
| Q2 24 | $581.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $270.2M | ||
| Q3 25 | $1.1B | $269.9M | ||
| Q2 25 | $1.1B | $269.6M | ||
| Q1 25 | $1.1B | $269.3M | ||
| Q4 24 | $1.1B | $168.9M | ||
| Q3 24 | $1.1B | $172.3M | ||
| Q2 24 | $1.1B | $172.1M |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $-378.8M | ||
| Q3 25 | $653.1M | $-233.5M | ||
| Q2 25 | $594.6M | $153.9M | ||
| Q1 25 | $578.3M | $179.4M | ||
| Q4 24 | $562.5M | $209.8M | ||
| Q3 24 | $430.9M | $397.5M | ||
| Q2 24 | $423.3M | $366.9M |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $5.2B | ||
| Q3 25 | $2.6B | $5.3B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $2.6B | $4.6B | ||
| Q4 24 | $2.7B | $4.3B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.5B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | 1.75× | ||
| Q1 25 | 1.96× | 1.50× | ||
| Q4 24 | 2.01× | 0.81× | ||
| Q3 24 | 2.62× | 0.43× | ||
| Q2 24 | 2.66× | 0.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $27.2M |
| Free Cash FlowOCF − Capex | — | $26.7M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $27.2M | ||
| Q3 25 | $19.7M | $16.2M | ||
| Q2 25 | $-213.1M | $46.3M | ||
| Q1 25 | $-110.7M | $-66.5M | ||
| Q4 24 | $484.2M | $27.6M | ||
| Q3 24 | $-69.5M | $53.7M | ||
| Q2 24 | $-175.5M | $50.2M |
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $26.7M | ||
| Q3 25 | $7.4M | $15.9M | ||
| Q2 25 | $-220.4M | $45.2M | ||
| Q1 25 | $-124.9M | $-69.2M | ||
| Q4 24 | $473.1M | $27.0M | ||
| Q3 24 | $-83.8M | $52.4M | ||
| Q2 24 | $-187.5M | $49.6M |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 4.6% | ||
| Q3 25 | 1.4% | 3.5% | ||
| Q2 25 | -55.6% | 12.4% | ||
| Q1 25 | -39.1% | -18.3% | ||
| Q4 24 | 83.4% | 8.0% | ||
| Q3 24 | -26.0% | 19.3% | ||
| Q2 24 | -57.4% | 26.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 2.4% | 0.1% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 4.5% | 0.7% | ||
| Q4 24 | 2.0% | 0.2% | ||
| Q3 24 | 4.4% | 0.5% | ||
| Q2 24 | 3.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | — | 3.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
