SB Energy IPO: revenue, losses and offering terms from its S-1
SB Energy filed its S-1 on 1 Sep 2026 to list on Nasdaq as SBE, and has amended it 2 times. It has not set a price range yet. Revenue was $213 million in 2025, down 8% from 2024, with a net loss of $738 million.
Headlines
- Revenue, 2025
- $213M
- Down 8% on the year before
- Net loss, 2025
- $738M
- Revenue, First half of 2026
- $139M
- Up 66% on a year earlier
- Price range
- Not set yet
SB Energy IPO terms
From the newest registration statement. Terms left blank there are not set yet.
- Exchange
- The Nasdaq Global Select Market
- Ticker
- SBE
- Price range
- Not set yet
- Shares offered
- Not set yet
- Expected to raise
- Not set yet
- Registered
- $100M, the amount the filing fee is paid on
- Underwriters
- J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley, with 17 more banks
- First filed
- 1 Sep 2026
SB Energy revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $232M | - | $106M |
| 2025 | $213M | -$642M | -$738M |
| First half of 2025 | $83M | - | - |
| First half of 2026 | $139M | -$552M | -$3.2B |
SB Energy share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class N: 0 votes
- Employees
- 223
- Headquarters
- Redwood City, California
SB Energy's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from SB Energy's newest prospectus (S-1/A filed 21 Sep 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.