Growth Metrics

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 🔒
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
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