BE · 10-Q · 2026Q1 · Full report

Performance guarantees and service exposure

Bloom Energy Corp · 2026-04-29 · Importance 79 · Surprise 66

O&M agreements carry performance guarantees capped at approximately $583.3 million in aggregate, of which the company’s remaining potential payment exposure was approximately $470.9 million as of March 31, 2026. For the quarter Bloom made $8.4 million of performance guarantee payments (down from $11.6 million prior year), reflecting ongoing fleet underperformance and managed-service obligations. The capped exposure and recent payments are material to service margins and cash flows and are tied to the company’s growing installed base. Management highlights that future service revenue from such agreements is subject to these underperformance payment obligations.