Bloom Energy (BE) Cost of Revenue (2017 - 2026)

Bloom Energy (BE) reported Cost of Revenue of $525.5 million for Q1 2026, up 2260.25% on a YoY basis from $22.3 million in Q1 2025, and down 61.02% quarter-over-quarter from $1.3 billion in Q4 2025.

Bloom Energy (BE) Cost of Revenue (2017 - 2026) Analysis & Trends

Bloom Energy has reported Cost of Revenue for 10 years, with the latest figure 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.
  • The five-year high for Cost of Revenue was $1.3 billion in Q4 2025, with the low at $13.6 million in Q1 2024.
  • Historically, Cost of Revenue has averaged $251.3 million across 5 years, with a median of $241.3 million in 2022.
  • Annual changes were most pronounced in 2024 — Cost of Revenue plunged 96.38% — and 2025, when it surged 6073.95%.
  • Bloom Energy's Cost of Revenue stood at $391.2 million in 2022, then slumped by 32.38% to $264.5 million in 2023, then plunged by 91.74% to $21.8 million in 2024, then surged by 6073.95% to $1.3 billion in 2025, then plunged 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 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 120.33 Bn 117.83 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 77.90 Bn 75.44 Bn 225.54 Mn 525.51 Mn
4 nVent Electric 27.29 Bn 27.10 Bn 445.60 Mn 796.40 Mn
5 Hubbell 26.02 Bn 25.52 Bn 505.30 Mn 1.01 Bn
6 Advanced Energy Industries 13.90 Bn 13.90 Bn 200.90 Mn 310.10 Mn
7 Powell Industries 11.03 Bn 10.48 Bn 87.94 Mn 208.68 Mn
8 Ballard Power Systems 10.11 Bn 9.58 Bn 5.64 Mn 28.04 Mn
9 Acuity Inc. (De) 9.28 Bn 9.01 Bn 520.40 Mn 535.30 Mn
10 EnerSys 8.66 Bn 8.22 Bn 290.87 Mn 398.41 Mn

Historic Data

Download Data
DateValue
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