Bloom Energy (BE) r&d spend was $186M in FY2025 (+25% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$186M
+25%
2024
$149M
-5%
2023
$156M
+3%
2022
$151M
+46%
2021
$103M
+24%
2020
$84M
-20%
2019
$104M
+17%
2018
$89M
+74%
2017
$51M
+9%
2016
$47M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$59M
Q1 2026
$57M
Q4 2025
$56M
Q3 2025
$49M
Q2 2025
$41M
Q1 2025
$41M
Q4 2024
$39M
Q3 2024
$36M
Q2 2024
$37M
Q1 2024
$35M
Q4 2023
$34M
Q3 2023
$35M
Source: BE on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.