Bloom Energy (BE) Operating Expenses (2017 - 2026)
Bloom Energy's (BE) quarterly Operating Expenses came in at $173.3 million in Q2 2026, up 56.69% YoY from $110.6 million in Q2 2025, and up 13.03% on a QoQ basis from $153.4 million in Q1 2026.
Bloom Energy (BE) Operating Expenses (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has 10 years of Operating Expenses data on file, last reported at $173.3 million in Q2 2026.
- Quarterly Operating Expenses rose 56.69% year-over-year to $173.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $622.9 million (up 47.81% YoY) and the FY2025 annual result came in at $514.6 million, up 34.8% from the prior year.
- Operating Expenses grew to $173.3 million in Q2 2026, from $153.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $173.3 million in Q2 2026 to a low of $79.5 million in Q4 2023.
- A 5-year average of $113.3 million and a median of $109.2 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 29.02% — and 2025, when it surged 62.73%.
- Tracing BE's Operating Expenses over 5 years: 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 advanced by 13.76% to $173.3 million in 2026.
- The last three Operating Expenses figures came in at $173.3 million (Q2 2026), $153.4 million (Q1 2026), and $152.4 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 173.34 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 257.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 264.40 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 72.69 Mn |
| 10 | Atkore | 3.16 Bn | 2.82 Bn | 176.27 Mn | 158.67 Mn |
Historic Data
Download 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 |