Growth Metrics

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 🔒
DateValue
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