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
DateValue
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