A company still losing money with growing sales, with elevated risk.
Going well
Sales up 138% in the latest quarter vs a year ago
Sales up 37% last year
Watch out for
Losing money
Share count growing 8.9% a year
High debt: 3.41x equity
Money moves
Insiders sold $2.3M in the last 30 days, all through pre-planned sales
Institutions cut 1.9% from their holdings in the quarter ending June 2026 (772 bought, 462 sold)
Held by Ray Dalio (Bridgewater), Leopold Aschenbrenner (Situational Awareness)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$203.86+5.6% that day
Company value
$60.3B
Share price times all shares
Price vs profit (P/E)
124.3x
You pay about $124 for each $1 of yearly profit
Price vs sales
15.7x
Company value is 15.7 times a year of sales
Cash vs value
4%
Cash as a share of company value
Debt vs value
4%
Debt as a share of company value
From BE's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26
$1.2B+138% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $3.8B, up 111% from the 12 months before. Over 5 years, sales grew about 21% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BE. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$9.9B
Profit in 5 years$993M
Price these guesses point to$83.45-59% vs $203.86 todayAbout -16% a year, before dividends
What today's price needs: with a 10% margin and a 40x P/E, sales would have to grow about 45% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
Forum talk counts mentions of BE in popular online stock forums, a slice of the internet rather than all of it. Company lookups show interest in the company itself, which can come from news that isn't about the stock. Attention isn't quality.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/7Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-13.1%
MissDebt under half of equityNot relying on borrowed money.3.41x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-4.3%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$57.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+29.3% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.29.0%
Revenue
$2.0B
+37.3% vs prior year
5-year growth
+20.6%/yr
revenue, per year
Total debt
$2.6B
3.41x equity
Current ratio
5.98x
short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 22After close4:09 pm ET
Revenue
$1.2B
+138.1% YoY
EPS
$0.78
vs -$0.10
Op. margin
18.2%
+16.7 pts
Gross margin
33.8%
+4.6 pts
Free cash flow
-$180.6M
Share count
+38.0%
vs a year ago
Insider rating
Last 90 days
44Mixed
Pre-planned sales of $2.3M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
45/ 100
This week
2
Normal week
2.5
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.9%
Institutions cut 1.9% from their holdings. 772 bought, 462 sold. 2 quarters of net selling in a row.
Shares held by institutions231.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.3x · $2.5B debt
Shares outstandingLatest reported
296M
Why moderate risk
Losing money
Share count growing 9.8% a year
Debt above equity: 1.28x
Earnings reports
Last 12
Next reportAround Feb 4, 2027 (est.)Estimated from the same quarter last year
Results filedOct 22
Results filedJul 28
Results filedApr 28
Results filedFeb 5
Results filedOct 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days