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| 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 |