Growth Metrics

Bloom Energy (BE) Operating Expenses (2017 - 2026)

Bloom Energy posted quarterly Operating Expenses of $153.4 million for Q1 2026, up 42.29% year-on-year from $107.8 million in Q1 2025, and up 0.65% on a QoQ basis from $152.4 million in Q4 2025.

Bloom Energy (BE) has 10 years of Operating Expenses data on file, last reported at $153.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 42.29% year-over-year to $153.4 million; the trailing twelve-month figure through Mar 2026 stood at $560.2 million (up 39.2% YoY), and the FY2025 full-year result was $514.6 million, up 34.8% from the prior year.
  • Operating Expenses for Q1 2026 stood at $153.4 million, up from $152.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $153.4 million in Q1 2026 and bottomed at $79.5 million in Q4 2023.
  • The 5-year median for Operating Expenses is $107.8 million (2025), against an average of $109.7 million.
  • The widest annual swing landed in 2023, when Operating Expenses slipped 29.02%; it then surged 62.73% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $111.9 million in 2022, then retreated by 29.02% to $79.5 million in 2023, then surged by 44.25% to $114.6 million in 2024, then surged by 32.94% to $152.4 million in 2025, then increased by 0.65% to $153.4 million in 2026.
  • The last three Operating Expenses figures came in at $153.4 million (Q1 2026), $152.4 million (Q4 2025), and $143.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 451.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 153.35 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 249.90 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 241.50 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 132.60 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 30.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 387.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 19.72 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 87.88 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn 69.85 Mn

Historic Data

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DateValue
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
Jun 30, 2021 80.06 Mn
Mar 31, 2021 69.05 Mn
Dec 31, 2020 68.14 Mn
Sep 30, 2020 56.36 Mn
Jun 30, 2020 55.75 Mn
Mar 31, 2020 66.33 Mn
Dec 31, 2019 72.82 Mn
Sep 30, 2019 77.64 Mn
Jun 30, 2019 91.63 Mn
Mar 31, 2019 88.31 Mn
Dec 31, 2018 105.39 Mn
Sep 30, 2018 89.42 Mn
Jun 30, 2018 37.94 Mn
Mar 31, 2018 38.01 Mn
Dec 31, 2017 39.35 Mn
Sep 30, 2017 32.59 Mn
Jun 30, 2017 35.36 Mn
Mar 31, 2017 31.95 Mn