Bloom Energy (BE) Cost of Revenue (2017 - 2026)
Bloom Energy posted quarterly Cost of Revenue of $525.5 million for Q1 2026, up 2260.25% year-on-year from $22.3 million in Q1 2025, and down 61.02% on a QoQ basis from $1.3 billion in Q4 2025.
Bloom Energy (BE) has 10 years of Cost of Revenue data on file, last reported at $525.5 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 2260.25% year-over-year to $525.5 million; the trailing twelve-month figure through Mar 2026 stood at $1.9 billion (up 495.02% YoY), and the FY2025 full-year result was $1.4 billion, up 2012.48% from the prior year.
- Cost of Revenue for Q1 2026 stood at $525.5 million, down from $1.3 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.3 billion in Q4 2025 and bottomed at $13.6 million in Q1 2024.
- The 5-year median for Cost of Revenue is $241.3 million (2022), against an average of $251.3 million.
- The widest annual swing landed in 2024, when Cost of Revenue slumped 96.38%; it then surged 6073.95% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $391.2 million in 2022, then sank by 32.38% to $264.5 million in 2023, then tumbled by 91.74% to $21.8 million in 2024, then soared by 6073.95% to $1.3 billion in 2025, then tumbled by 61.02% to $525.5 million in 2026.
- The last three Cost of Revenue figures came in at $525.5 million (Q1 2026), $1.3 billion (Q4 2025), and $42.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 1.65 Bn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 525.51 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 796.40 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 1.01 Bn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 310.10 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 208.68 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 535.30 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 398.41 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 185.12 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 136.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 525.51 Mn |
| Mar 31, 2026 | 525.51 Mn |
| Dec 31, 2025 | 1.35 Bn |
| Dec 31, 2025 | 1.35 Bn |
| Sep 30, 2025 | 42.00 Mn |
| Sep 30, 2025 | 42.00 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Mar 31, 2025 | 22.27 Mn |
| Mar 31, 2025 | 22.27 Mn |
| Dec 31, 2024 | 21.84 Mn |
| Dec 31, 2024 | 21.84 Mn |
| Sep 30, 2024 | 14.67 Mn |
| Sep 30, 2024 | 14.67 Mn |
| Jun 30, 2024 | 267.25 Mn |
| Jun 30, 2024 | 267.25 Mn |
| Mar 31, 2024 | 13.60 Mn |
| Mar 31, 2024 | 13.60 Mn |
| Dec 31, 2023 | 264.53 Mn |
| Dec 31, 2023 | 264.53 Mn |
| Sep 30, 2023 | 405.48 Mn |
| Sep 30, 2023 | 405.48 Mn |
| Jun 30, 2023 | 244.75 Mn |
| Jun 30, 2023 | 244.75 Mn |
| Mar 31, 2023 | 27.11 Mn |
| Mar 31, 2023 | 27.11 Mn |
| Dec 31, 2022 | 391.20 Mn |
| Dec 31, 2022 | 391.20 Mn |
| Sep 30, 2022 | 241.33 Mn |
| Sep 30, 2022 | 241.33 Mn |
| Jun 30, 2022 | 245.21 Mn |
| Jun 30, 2022 | 245.21 Mn |
| Mar 31, 2022 | 173.10 Mn |
| Mar 31, 2022 | 173.10 Mn |
| Dec 31, 2021 | -414.33 Mn |
| Dec 31, 2021 | -414.33 Mn |
| Sep 30, 2021 | 170.35 Mn |
| Sep 30, 2021 | 170.35 Mn |
| Jun 30, 2021 | 191.13 Mn |
| Jun 30, 2021 | 191.13 Mn |
| Mar 31, 2021 | 19.95 Mn |
| Mar 31, 2021 | 19.95 Mn |
| Dec 31, 2020 | 18.84 Mn |
| Dec 31, 2020 | 18.84 Mn |
| Sep 30, 2020 | 11.70 Mn |
| Sep 30, 2020 | 11.70 Mn |
| Jun 30, 2020 | 11.43 Mn |
| Jun 30, 2020 | 11.43 Mn |
| Mar 31, 2020 | 13.95 Mn |
| Mar 31, 2020 | 13.95 Mn |
| Dec 31, 2019 | 188.60 Mn |
| Dec 31, 2019 | 188.60 Mn |
| Sep 30, 2019 | 181.58 Mn |
| Sep 30, 2019 | 181.58 Mn |
| Jun 30, 2019 | 18.19 Mn |
| Jun 30, 2019 | 18.19 Mn |
| Mar 31, 2019 | 20.37 Mn |
| Mar 31, 2019 | 20.37 Mn |
| Dec 31, 2018 | 150.22 Mn |
| Dec 31, 2018 | 150.22 Mn |
| Sep 30, 2018 | 21.40 Mn |
| Sep 30, 2018 | 21.40 Mn |
| Jun 30, 2018 | 8.17 Mn |
| Jun 30, 2018 | 8.17 Mn |
| Mar 31, 2018 | 124.15 Mn |
| Mar 31, 2018 | 124.15 Mn |
| Dec 31, 2017 | 111.20 Mn |
| Dec 31, 2017 | 111.20 Mn |
| Sep 30, 2017 | 6.56 Mn |
| Sep 30, 2017 | 6.56 Mn |
| Jun 30, 2017 | 8.66 Mn |
| Jun 30, 2017 | 8.66 Mn |
| Mar 31, 2017 | 81.40 Mn |
| Mar 31, 2017 | 81.40 Mn |