Bloom Energy (BE) Operating Expenses (2017 - 2026)
Bloom Energy (BE) reported Operating Expenses of $153.4 million for Q1 2026, up 42.29% on a YoY basis from $107.8 million in Q1 2025, and up 0.65% quarter-over-quarter from $152.4 million in Q4 2025.
Bloom Energy (BE) Operating Expenses (2017 - 2026) Analysis & Trends
Bloom Energy has reported Operating Expenses for 10 years, with the latest figure 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.
- The five-year high for Operating Expenses was $153.4 million in Q1 2026, with the low at $79.5 million in Q4 2023.
- Historically, Operating Expenses has averaged $109.7 million across 5 years, with a median of $107.8 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 29.02% — and 2025, when it surged 62.73%.
- Bloom Energy's Operating Expenses stood at $111.9 million in 2022, then fell by 29.02% to $79.5 million in 2023, then jumped by 44.25% to $114.6 million in 2024, then jumped by 32.94% to $152.4 million in 2025, then grew 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 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 120.33 Bn | 117.83 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 77.90 Bn | 75.44 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.29 Bn | 27.10 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.02 Bn | 25.52 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.90 Bn | 13.90 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 11.03 Bn | 10.48 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.11 Bn | 9.58 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.28 Bn | 9.01 Bn | 520.40 Mn | 387.40 Mn |
| 10 | EnerSys | 8.66 Bn | 8.22 Bn | 290.87 Mn | 19.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |