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
DateValue
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