Bloom Energy (BE) Research & Development (2017 - 2026)
Bloom Energy (BE) reported Research & Development of $56.8 million for Q1 2026, up 39.98% on a YoY basis from $40.6 million in Q1 2025, and up 1.72% quarter-over-quarter from $55.9 million in Q4 2025.
Bloom Energy (BE) Research & Development (2017 - 2026) Analysis & Trends
Bloom Energy has reported Research & Development for 10 years, with the latest figure at $56.8 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 39.98% year-over-year to $56.8 million; the trailing twelve-month figure through Mar 2026 stood at $202.2 million (up 31.53% YoY), and the FY2025 full-year result was $186.0 million, up 25.14% from the prior year.
- Research & Development for Q1 2026 stood at $56.8 million, up from $55.9 million in the prior quarter.
- The five-year high for Research & Development was $56.8 million in Q1 2026, with the low at $33.6 million in Q4 2023.
- Historically, Research & Development has averaged $41.1 million across 5 years, with a median of $39.5 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development soared 62.09% — and 2024, when it fell 22.34%.
- Bloom Energy's Research & Development stood at $38.3 million in 2022, then declined by 12.43% to $33.6 million in 2023, then grew by 17.61% to $39.5 million in 2024, then soared by 41.62% to $55.9 million in 2025, then climbed by 1.72% to $56.8 million in 2026.
- The last three Research & Development figures came in at $56.8 million (Q1 2026), $55.9 million (Q4 2025), and $48.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 120.33 Bn | 117.83 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 77.90 Bn | 75.44 Bn | 225.54 Mn | 56.85 Mn |
| 4 | nVent Electric | 27.29 Bn | 27.10 Bn | 445.60 Mn | 22.70 Mn |
| 5 | Hubbell | 26.02 Bn | 25.52 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.90 Bn | 13.90 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Powell Industries | 11.03 Bn | 10.48 Bn | 87.94 Mn | 4.29 Mn |
| 8 | Ballard Power Systems | 10.11 Bn | 9.58 Bn | 5.64 Mn | 10.94 Mn |
| 9 | Acuity Inc. (De) | 9.28 Bn | 9.01 Bn | 520.40 Mn | - |
| 10 | EnerSys | 8.66 Bn | 8.22 Bn | 290.87 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 | 40.77 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 | 35.49 Mn |
| Dec 31, 2023 | 33.56 Mn |
| Sep 30, 2023 | 35.13 Mn |
| Jun 30, 2023 | 41.49 Mn |
| Mar 31, 2023 | 45.69 Mn |
| Dec 31, 2022 | 38.32 Mn |
| Sep 30, 2022 | 36.15 Mn |
| Jun 30, 2022 | 41.61 Mn |
| Mar 31, 2022 | 34.53 Mn |
| Dec 31, 2021 | 26.79 Mn |
| Sep 30, 2021 | 27.63 Mn |
| Jun 30, 2021 | 25.67 Mn |