Bloom Energy (BE) Research & Development (2017 - 2026)
Bloom Energy posted quarterly Research & Development of $56.8 million for Q1 2026, up 39.98% year-on-year from $40.6 million in Q1 2025, and up 1.72% on a QoQ basis from $55.9 million in Q4 2025.
Bloom Energy (BE) has 10 years of Research & Development data on file, last reported 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.
- Across five years, Research & Development topped out at $56.8 million in Q1 2026 and bottomed at $33.6 million in Q4 2023.
- The 5-year median for Research & Development is $39.5 million (2024), against an average of $41.1 million.
- The widest annual swing landed in 2022, when Research & Development soared 62.09%; it then fell 22.34% in 2024.
- A 5-year view of Research & Development shows it stood at $38.3 million in 2022, then fell by 12.43% to $33.6 million in 2023, then increased by 17.61% to $39.5 million in 2024, then jumped by 41.62% to $55.9 million in 2025, then grew 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 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | - |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 56.85 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 22.70 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | - |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 62.40 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 4.29 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | - |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | - |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 12.11 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 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 | 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 |
| Mar 31, 2021 | 23.30 Mn |
| Dec 31, 2020 | 21.69 Mn |
| Sep 30, 2020 | 19.23 Mn |
| Jun 30, 2020 | 19.38 Mn |
| Mar 31, 2020 | 23.28 Mn |
| Dec 31, 2019 | 22.15 Mn |
| Sep 30, 2019 | 23.39 Mn |
| Jun 30, 2019 | 29.77 Mn |
| Mar 31, 2019 | 28.86 Mn |
| Dec 31, 2018 | 32.97 Mn |
| Sep 30, 2018 | 27.02 Mn |
| Jun 30, 2018 | 14.41 Mn |
| Mar 31, 2018 | 14.73 Mn |
| Dec 31, 2017 | 15.18 Mn |
| Sep 30, 2017 | 12.37 Mn |
| Jun 30, 2017 | 12.37 Mn |
| Mar 31, 2017 | 11.22 Mn |