Bloom Energy (BE) Operating Expenses (2017 - 2026)
Bloom Energy's Operating Expenses came in at $173.34 million for Q2 2026, up 56.7% from $110.63 million a year earlier and up 13.0% from the prior quarter.
Powered by 
Analysis
Bloom Energy (BE) Operating Expenses (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Bloom Energy reported Operating Expenses of $622.88 million, up 47.8% year-over-year; for FY2025, it was $514.6 million, up 34.8% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 15.9% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $381.74 million in FY2024 (-6.1%), $406.7 million in FY2023 (-0.6%), $409.28 million in FY2022 (+31.1%) and $312.08 million in FY2021 (+26.6%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2017.
- Year-over-year, Operating Expenses has increased for seven consecutive quarters, with growth averaging 34.1% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2025 (growth of 62.7%), and the weakest in Q4 2023 (a decline of 29.0%).
- Business Quant data shows BE's Operating Expenses at $153.35 million (Q1 2026), $152.37 million (Q4 2025) and $143.83 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 173.34 Mn |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 154.62 Mn |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 811.92 Mn |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 311.38 Mn |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 144.95 Mn |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 151.24 Mn |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 123.50 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 115.20 Mn |
| 10 | Nuscale Power | 3.18 Bn | 3.14 Bn | -152,000.00 | 45.30 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 |
API Access
Bloom Energy Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();