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
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