Bloom Energy (BE) Cost of Revenue (2017 - 2026)
Bloom Energy (BE) posted Cost of Revenue of $525.5 million for Q1 2026, down 2.28% on a QoQ basis from $537.8 million in Q4 2025, and up 121.44% year-over-year from $237.3 million in Q1 2025.
Bloom Energy (BE) Cost of Revenue (2017 - 2026) Analysis & Trends
Bloom Energy's Cost of Revenue history runs 10 years deep, the most recent figure standing at $525.5 million for Q1 2026.
- Quarterly Cost of Revenue rose 121.44% year-over-year to $525.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 55.48% YoY) and the FY2025 annual result came in at $1.4 billion, up 34.36% from the prior year.
- Cost of Revenue was $525.5 million for Q1 2026 at Bloom Energy, down from $537.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $537.8 million in Q4 2025 and bottomed at $173.1 million in Q1 2022.
- A 5-year average of $306.9 million and a median of $264.5 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue tumbled 37.93% — and 2026, when it soared 121.44%.
- Bloom Energy's Cost of Revenue stood at $391.2 million in 2022, then plunged by 32.38% to $264.5 million in 2023, then soared by 33.48% to $353.1 million in 2024, then soared by 52.32% to $537.8 million in 2025, then decreased by 2.28% to $525.5 million in 2026.
- Business Quant data shows BE's Cost of Revenue at $525.5 million in Q1 2026, $537.8 million in Q4 2025, and $367.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 413.55 Bn | 413.53 Bn | 6.04 Mn | 12.01 Mn |
| 2 | Vertiv Holdings | 109.26 Bn | 106.76 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 53.01 Bn | 50.51 Bn | 225.54 Mn | 525.51 Mn |
| 4 | Hubbell | 26.33 Bn | 25.81 Bn | 505.30 Mn | 1.01 Bn |
| 5 | nVent Electric | 24.09 Bn | 23.90 Bn | 445.60 Mn | 796.40 Mn |
| 6 | Advanced Energy Industries | 10.99 Bn | 10.29 Bn | 200.90 Mn | 310.10 Mn |
| 7 | Acuity Inc. (De) | 10.14 Bn | 9.72 Bn | 606.40 Mn | 591.60 Mn |
| 8 | Powell Industries | 8.00 Bn | 7.45 Bn | 87.94 Mn | 208.68 Mn |
| 9 | EnerSys | 7.11 Bn | 6.67 Bn | 290.87 Mn | 83.14 Mn |
| 10 | Hayward Holdings | 3.15 Bn | 2.92 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 | 537.79 Mn |
| Dec 31, 2025 | 537.79 Mn |
| Sep 30, 2025 | 367.37 Mn |
| Sep 30, 2025 | 367.37 Mn |
| Jun 30, 2025 | 294.12 Mn |
| Jun 30, 2025 | 294.12 Mn |
| Mar 31, 2025 | 237.31 Mn |
| Mar 31, 2025 | 237.31 Mn |
| Dec 31, 2024 | 353.08 Mn |
| Dec 31, 2024 | 353.08 Mn |
| Sep 30, 2024 | 251.67 Mn |
| Sep 30, 2024 | 251.67 Mn |
| Jun 30, 2024 | 267.25 Mn |
| Jun 30, 2024 | 267.25 Mn |
| Mar 31, 2024 | 197.22 Mn |
| Mar 31, 2024 | 197.22 Mn |
| Dec 31, 2023 | 264.53 Mn |
| Dec 31, 2023 | 264.53 Mn |