Bloom Energy (BE) Research & Development (2017 - 2026)
Bloom Energy (BE) posted Research & Development of $56.8 million for Q1 2026, up 1.72% on a QoQ basis from $55.9 million in Q4 2025, and up 39.98% year-over-year from $40.6 million in Q1 2025.
Bloom Energy (BE) Research & Development (2017 - 2026) Analysis & Trends
Bloom Energy's Research & Development history runs 10 years deep, the most recent figure standing at $56.8 million for Q1 2026.
- Quarterly Research & Development rose 39.98% year-over-year to $56.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $185.5 million (up 20.66% YoY) and the FY2025 annual result came in at $186.0 million, up 25.14% from the prior year.
- Research & Development was $56.8 million for Q1 2026 at Bloom Energy, up from $55.9 million in the prior quarter.
- Across five years, Research & Development topped out at $56.8 million in Q1 2026 and bottomed at $7.3 million in Q2 2022.
- A 5-year average of $34.0 million and a median of $36.3 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development surged 268.28% — and 2024, when it tumbled 70.24%.
- Bloom Energy's Research & Development stood at $38.3 million in 2022, then slumped by 58.18% to $16.0 million in 2023, then surged by 146.26% to $39.5 million in 2024, then surged by 41.62% to $55.9 million in 2025, then increased by 1.72% to $56.8 million in 2026.
- Business Quant data shows BE's Research & Development at $56.8 million in Q1 2026, $55.9 million in Q4 2025, and $48.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.48 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 56.85 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | - |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 22.70 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | - |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 4.29 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | - |
| 10 | Hayward Holdings | 3.13 Bn | 2.90 Bn | 118.70 Mn | 6.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.85 Mn |
| Dec 31, 2025 | 55.89 Mn |
| Sep 30, 2025 | 48.72 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Mar 31, 2025 | 40.61 Mn |
| Dec 31, 2024 | 39.47 Mn |
| Sep 30, 2024 | 36.32 Mn |
| Jun 30, 2024 | 37.36 Mn |
| Mar 31, 2024 | 13.60 Mn |
| Dec 31, 2023 | 16.03 Mn |
| Sep 30, 2023 | 20.00 Mn |
| Jun 30, 2023 | 26.82 Mn |
| Mar 31, 2023 | 45.69 Mn |
| Dec 31, 2022 | 38.32 Mn |
| Sep 30, 2022 | 36.15 Mn |
| Jun 30, 2022 | 7.28 Mn |
| Mar 31, 2022 | 34.53 Mn |
| Dec 31, 2021 | 26.79 Mn |
| Sep 30, 2021 | 20.12 Mn |
| Jun 30, 2021 | 22.73 Mn |