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
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 |
| 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 |