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% on a YoY basis from $40.8 million in Q2 2025, and up 3.56% quarter-over-quarter from $56.8 million in Q1 2026.
Analysis
Bloom Energy (BE) Research & Development (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has reported Research & Development for 10 consecutive years, with $58.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 44.41% year-over-year to $58.9 million; the trailing twelve-month figure through Jun 2026 stood at $220.3 million (up 40.2% YoY), and the FY2025 full-year result was $186.0 million, up 25.14% from the prior year.
- Research & Development advanced to $58.9 million in Q2 2026 per BE's latest filing, from $56.8 million in the prior quarter.
- Across five years, Research & Development topped out at $58.9 million in Q2 2026 and bottomed at $33.6 million in Q4 2023.
- Historically, Research & Development has averaged $42.0 million across 5 years, with a median of $40.0 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 62.09% in 2022, then retreated 22.34% in 2024.
- Over 5 years, Research & Development stood at $38.3 million in 2022, then retreated by 12.43% to $33.6 million in 2023, then rose by 17.61% to $39.5 million in 2024, then surged by 41.62% to $55.9 million in 2025, then rose by 5.34% to $58.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $58.9 million, $56.8 million, and $55.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 58.87 Mn |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | 8.51 Mn |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | 10.37 Mn |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | 942,644.00 |
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 |