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| 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 |