Dilution profile // every instrument, one screen, from SEC filings

Bloom Energy Corp (BE)

CIK 1664703 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$313M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+27% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2023-11-012026-04-24

Latest: 284.4M shares as of Apr 24, 2026 (10-Q).

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Freestanding Warrant3.5M$113.280.5yFV $324.4M

Tranches exactly as the company dimensioned them in its 10-Q filed Jul 28, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Senior Notes Due November 2030 Recourse$2.50B$2.50B$194.970%~12.8M sh
Green Convertible Senior Notes Due June 2028 Recourse$632.5M$787,000$18.853%~33.6M sh
Green Convertible Senior Notes Due June 2029 Recourse$402.5M$27.0M$20.843%~19.3M sh

If every note above converted at its tagged price: ~65.7M new shares on 284.4M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Jul 28, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding284.4MApr 24, 2026
+ Freestanding Warrant (if exercised)3.5MOct 28, 2025
+ Convertible Senior Notes Due November 2030 Recourse (if fully converted)12.8MNov 4, 2025
+ Green Convertible Senior Notes Due June 2028 Recourse (if fully converted)33.6MMay 16, 2023
+ Green Convertible Senior Notes Due June 2029 Recourse (if fully converted)19.3MMay 29, 2024
Fully diluted estimate353.7M+24.3% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $313.1Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRSep 13, 2024$313.1M registeredfiling →

Last 12 months: 3 executed · 0 registered.

UPDATEApr 27, 2026Resale prospectus — existing holders registering to sell424B7
EXECUTEDApr 13, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 4, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDOct 30, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 13, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
WITHDRAWNSep 13, 2024Registration withdrawnRW
REGISTEREDSep 13, 2024Automatic shelf registration — effective immediately (large filers)S-3ASR
REGISTEREDSep 12, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDMay 29, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATESep 29, 2023Resale prospectus — existing holders registering to sell424B7
EXECUTEDMay 16, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMar 23, 2023Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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