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

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

Bloom Energy (BE) Operating Expenses (2017 - 2026) Analysis & Trends

Bloom Energy's Operating Expenses history runs 10 years deep, the most recent figure standing at $153.4 million for Q1 2026.

  • Quarterly Operating Expenses rose 42.29% year-over-year to $153.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $560.2 million (up 39.2% YoY) and the FY2025 annual result came in at $514.6 million, up 34.8% from the prior year.
  • Operating Expenses was $153.4 million for Q1 2026 at Bloom Energy, 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.
  • A 5-year average of $109.7 million and a median of $107.8 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses fell 29.02% — and 2025, when it surged 62.73%.
  • Bloom Energy's 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 rose by 0.65% to $153.4 million in 2026.
  • Business Quant data shows BE's Operating Expenses at $153.4 million in Q1 2026, $152.4 million in Q4 2025, and $143.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Hayward Holdings 3.13 Bn 2.90 Bn 118.70 Mn 69.85 Mn

Historic Data

Download Data
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