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Side-by-side financial comparison of Bloom Energy Corp (BE) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $751.1M, roughly 1.5× Bloom Energy Corp). Bloom Energy Corp runs the higher net margin — 9.4% vs 2.2%, a 7.2% gap on every dollar of revenue. On growth, Bloom Energy Corp posted the faster year-over-year revenue change (130.4% vs 3.0%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
BE vs VSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $1.2B |
| Net Profit | $70.7M | $25.0M |
| Gross Margin | 30.0% | — |
| Operating Margin | 17.3% | 2.3% |
| Net Margin | 9.4% | 2.2% |
| Revenue YoY | 130.4% | 3.0% |
| Net Profit YoY | — | 115.8% |
| EPS (diluted) | $0.44 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $513.3M | $1.1B | ||
| Q2 25 | $396.3M | $1.2B | ||
| Q1 25 | $319.3M | $1.1B | ||
| Q4 24 | $567.0M | $1.1B | ||
| Q3 24 | $321.8M | $1.1B | ||
| Q2 24 | $326.5M | $1.1B |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $25.0M | ||
| Q3 25 | $-23.0M | $-61.4M | ||
| Q2 25 | $-42.2M | $-56.4M | ||
| Q1 25 | $-23.4M | $-246.1M | ||
| Q4 24 | $105.2M | $-158.4M | ||
| Q3 24 | $-14.6M | $-137.6M | ||
| Q2 24 | $-61.2M | $-32.9M |
| 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% | 2.3% | ||
| Q3 25 | 1.5% | 3.1% | ||
| Q2 25 | -0.9% | 4.0% | ||
| Q1 25 | -6.0% | -13.4% | ||
| Q4 24 | 18.5% | 1.9% | ||
| Q3 24 | -3.0% | -2.2% | ||
| Q2 24 | -7.1% | 5.3% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | 2.2% | ||
| Q3 25 | -4.5% | -5.4% | ||
| Q2 25 | -10.6% | -4.8% | ||
| Q1 25 | -7.3% | -21.5% | ||
| Q4 24 | 18.5% | -14.1% | ||
| Q3 24 | -4.5% | -12.3% | ||
| Q2 24 | -18.7% | -2.9% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $0.18 | ||
| Q3 25 | $-100.00 | $-0.45 | ||
| Q2 25 | $-0.18 | $-0.43 | ||
| Q1 25 | $-0.10 | $-1.92 | ||
| Q4 24 | $0.45 | $-1.23 | ||
| Q3 24 | $-0.06 | $-1.07 | ||
| Q2 24 | $-0.27 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $948.0K | $4.6B |
| Total Assets | $4.7B | $14.9B |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $595.1M | $1.2B | ||
| Q2 25 | $574.8M | $1.2B | ||
| Q1 25 | $794.8M | $1.6B | ||
| Q4 24 | $802.9M | $1.6B | ||
| Q3 24 | $495.7M | $3.5B | ||
| Q2 24 | $581.7M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $6.2B | ||
| Q3 25 | $1.1B | $6.5B | ||
| Q2 25 | $1.1B | $6.5B | ||
| Q1 25 | $1.1B | $6.5B | ||
| Q4 24 | $1.1B | $6.5B | ||
| Q3 24 | $1.1B | $6.4B | ||
| Q2 24 | $1.1B | $7.1B |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $4.6B | ||
| Q3 25 | $653.1M | $4.5B | ||
| Q2 25 | $594.6M | $4.6B | ||
| Q1 25 | $578.3M | $4.6B | ||
| Q4 24 | $562.5M | $4.8B | ||
| Q3 24 | $430.9M | $4.9B | ||
| Q2 24 | $423.3M | $5.0B |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $14.9B | ||
| Q3 25 | $2.6B | $14.8B | ||
| Q2 25 | $2.5B | $14.9B | ||
| Q1 25 | $2.6B | $15.4B | ||
| Q4 24 | $2.7B | $15.6B | ||
| Q3 24 | $2.6B | $17.8B | ||
| Q2 24 | $2.5B | $16.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 1.37× | ||
| Q3 25 | 1.73× | 1.44× | ||
| Q2 25 | 1.91× | 1.43× | ||
| Q1 25 | 1.96× | 1.43× | ||
| Q4 24 | 2.01× | 1.37× | ||
| Q3 24 | 2.62× | 1.30× | ||
| Q2 24 | 2.66× | 1.42× |
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 | — | $726.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $726.9M | ||
| Q3 25 | $19.7M | $282.2M | ||
| Q2 25 | $-213.1M | $258.5M | ||
| Q1 25 | $-110.7M | $298.4M | ||
| Q4 24 | $484.2M | $219.5M | ||
| Q3 24 | $-69.5M | $239.2M | ||
| Q2 24 | $-175.5M | $151.1M |
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $-220.4M | — | ||
| Q1 25 | $-124.9M | — | ||
| Q4 24 | $473.1M | — | ||
| Q3 24 | $-83.8M | — | ||
| Q2 24 | $-187.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -55.6% | — | ||
| Q1 25 | -39.1% | — | ||
| Q4 24 | 83.4% | — | ||
| Q3 24 | -26.0% | — | ||
| Q2 24 | -57.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | 29.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
