Bloom Energy (BE) Capital Expenditures (2017 - 2026)
Bloom Energy's Capital Expenditures was $153.49 million in Q3 2026, compared with $12.3 million a year earlier and up 197.2% from the prior quarter.
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Analysis
Bloom Energy (BE) Capital Expenditures (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Bloom Energy's Capital Expenditures was $254.26 million through Sep 30, 2026, up 466.2% year-over-year; for FY2025, it was $56.76 million, down 3.6% from FY2024.
- Capital Expenditures has now declined for three consecutive years, though with a five-year compound annual growth rate of 8.4% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $58.85 million in FY2024 (-29.7%), $83.74 million in FY2023 (-28.3%), $116.82 million in FY2022 (+134.5%) and $49.81 million in FY2021 (+31.4%).
- The Q3 2026 figure marks the highest quarterly Capital Expenditures in data going back to Q3 2017.
- Compared with a year earlier, Capital Expenditures was higher in three of the last seven quarters, with growth averaging 97.8%.
- The best year-over-year quarter for Capital Expenditures over five years was Q2 2026 (growth of 612.8%); the worst was Q4 2023 (a decline of 54.7%).
- Per Business Quant data, BE's Capital Expenditures in the three quarters before Q3 2026 was $51.64 million (Q2 2026), $26.18 million (Q1 2026) and $22.95 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 647.00 Mn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 153.49 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 154.81 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 23.13 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 52.26 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 39.25 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 93.20 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 12.42 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 11.90 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 11.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 153.49 Mn |
| Jun 30, 2026 | 51.64 Mn |
| Mar 31, 2026 | 26.18 Mn |
| Dec 31, 2025 | 22.95 Mn |
| Sep 30, 2025 | 12.30 Mn |
| Jun 30, 2025 | 7.25 Mn |
| Mar 31, 2025 | 14.26 Mn |
| Dec 31, 2024 | 11.11 Mn |
| Sep 30, 2024 | 14.29 Mn |
| Jun 30, 2024 | 12.02 Mn |
| Mar 31, 2024 | 21.44 Mn |
| Dec 31, 2023 | 16.25 Mn |
| Sep 30, 2023 | 21.34 Mn |
| Jun 30, 2023 | 19.58 Mn |
| Mar 31, 2023 | 26.57 Mn |
| Dec 31, 2022 | 35.92 Mn |
| Sep 30, 2022 | 36.18 Mn |
| Jun 30, 2022 | 26.22 Mn |
| Mar 31, 2022 | 18.51 Mn |
| Dec 31, 2021 | 5.19 Mn |
API Access
Bloom Energy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "BE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();