Bloom Energy (BE) Research & Development (2017 - 2026)
Bloom Energy's (BE) quarterly Research & Development came in at $58.9 million in Q2 2026, up 44.41% YoY from $40.8 million in Q2 2025, and up 3.56% on a QoQ basis from $56.8 million in Q1 2026.
Bloom Energy (BE) Research & Development (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has 10 years of Research & Development data on file, last reported at $58.9 million in Q2 2026.
- Quarterly Research & Development rose 44.41% year-over-year to $58.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $220.3 million (up 40.2% YoY) and the FY2025 annual result came in at $186.0 million, up 25.14% from the prior year.
- Research & Development improved to $58.9 million in Q2 2026, from $56.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $58.9 million in Q2 2026 to a low of $33.6 million in Q4 2023.
- A 5-year average of $42.0 million and a median of $40.0 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development soared 62.09% — and 2024, when it fell 22.34%.
- Tracing BE's Research & Development over 5 years: 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 grew by 5.34% to $58.9 million in 2026.
- The last three Research & Development figures came in at $58.9 million (Q2 2026), $56.8 million (Q1 2026), and $55.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 58.87 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 24.50 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 65.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 4.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | - |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 7.67 Mn |
| 10 | Atkore | 3.16 Bn | 2.82 Bn | 176.27 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 58.87 Mn |
| 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 |