Bloom Energy (BE) Research & Development (2017 - 2026)
Bloom Energy (BE) recorded Research & Development of $58.87 million in Q2 2026, up 44.4% from $40.77 million a year earlier and up 3.6% from the prior quarter.
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Analysis
Bloom Energy (BE) Research & Development (2017 - 2026) Analysis & Trends
On a TTM basis, Bloom Energy's Research & Development came in at $220.34 million as of Jun 30, 2026, up 40.2% year-over-year; for FY2025, it came in at $185.99 million, up 25.1% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 17.3% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $148.63 million in FY2024 (-4.6%), $155.87 million in FY2023 (+3.5%), $150.61 million in FY2022 (+45.7%) and $103.4 million in FY2021 (+23.7%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q1 2017.
- On a year-over-year basis, Research & Development has increased for eight consecutive quarters, with growth averaging 25.6% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 62.1% in Q2 2022, against a decline of 22.3% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $56.85 million (Q1 2026), $55.89 million (Q4 2025) and $48.72 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | 18.43 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Bloom Energy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();