Bloom Energy (BE) Operating Expenses (2017 - 2026)
Bloom Energy's (BE) quarterly Operating Expenses came in at $173.3 million in Q2 2026, up 56.69% on a YoY basis from $110.6 million in Q2 2025, and up 13.03% quarter-over-quarter from $153.4 million in Q1 2026.
Analysis
Bloom Energy (BE) Operating Expenses (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has reported Operating Expenses for 10 consecutive years, with $173.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 56.69% year-over-year to $173.3 million; the trailing twelve-month figure through Jun 2026 stood at $622.9 million (up 47.81% YoY), and the FY2025 full-year result was $514.6 million, up 34.8% from the prior year.
- Operating Expenses improved to $173.3 million in Q2 2026 per BE's latest filing, from $153.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $173.3 million in Q2 2026 and bottomed at $79.5 million in Q4 2023.
- Historically, Operating Expenses has averaged $113.3 million across 5 years, with a median of $109.2 million in 2025.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses dropped 29.02% in 2023, then soared 62.73% in 2025.
- Over 5 years, Operating Expenses stood at $111.9 million in 2022, then decreased by 29.02% to $79.5 million in 2023, then soared by 44.25% to $114.6 million in 2024, then soared by 32.94% to $152.4 million in 2025, then grew by 13.76% to $173.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $173.3 million, $153.4 million, and $152.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 173.34 Mn |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | 22.16 Mn |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | 20.92 Mn |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | 1.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 173.34 Mn |
| Mar 31, 2026 | 153.35 Mn |
| Dec 31, 2025 | 152.37 Mn |
| Sep 30, 2025 | 143.83 Mn |
| Jun 30, 2025 | 110.63 Mn |
| Mar 31, 2025 | 107.78 Mn |
| Dec 31, 2024 | 114.61 Mn |
| Sep 30, 2024 | 88.39 Mn |
| Jun 30, 2024 | 91.65 Mn |
| Mar 31, 2024 | 87.09 Mn |
| Dec 31, 2023 | 79.45 Mn |
| Sep 30, 2023 | 98.49 Mn |
| Jun 30, 2023 | 110.81 Mn |
| Mar 31, 2023 | 117.95 Mn |
| Dec 31, 2022 | 111.95 Mn |
| Sep 30, 2022 | 103.54 Mn |
| Jun 30, 2022 | 100.20 Mn |
| Mar 31, 2022 | 93.60 Mn |
| Dec 31, 2021 | 82.21 Mn |
| Sep 30, 2021 | 80.77 Mn |