Bloom Energy (BE) Cost of Revenue (2017 - 2026)
Bloom Energy's (BE) quarterly Cost of Revenue came in at $709.8 million in Q2 2026, up 141.33% YoY from $294.1 million in Q2 2025, and up 35.07% on a QoQ basis from $525.5 million in Q1 2026.
Bloom Energy (BE) Cost of Revenue (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has 10 years of Cost of Revenue data on file, last reported at $709.8 million in Q2 2026.
- Quarterly Cost of Revenue rose 141.33% year-over-year to $709.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.1 billion (up 88.39% YoY) and the FY2025 annual result came in at $1.4 billion, up 34.36% from the prior year.
- Cost of Revenue improved to $709.8 million in Q2 2026, from $525.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $709.8 million in Q2 2026 to a low of $173.1 million in Q1 2022.
- A 5-year average of $329.3 million and a median of $265.9 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue plunged 37.93% — and 2026, when it surged 141.33%.
- Tracing BE's Cost of Revenue over 5 years: stood at $391.2 million in 2022, then slumped by 32.38% to $264.5 million in 2023, then jumped by 33.48% to $353.1 million in 2024, then jumped by 52.32% to $537.8 million in 2025, then surged by 31.98% to $709.8 million in 2026.
- The last three Cost of Revenue figures came in at $709.8 million (Q2 2026), $525.5 million (Q1 2026), and $537.8 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 2.04 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 709.79 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 1.10 Bn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 913.30 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 338.00 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 591.60 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 216.44 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 538.65 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 179.97 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 163.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 709.79 Mn |
| Jun 30, 2026 | 709.79 Mn |
| 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 |