BE · 10-Q · 2026Q1 · Full report
Electricity revenue decline and managed services
Bloom Energy Corp · 2026-04-29 · Importance 59 · Surprise 82
Electricity revenue decreased $17.1 million (63.3%) year-over-year for the quarter. Management attributes the decline primarily to a one‑time settlement of a customer contract after redeploying assets for a partner in Q1 2025 and to lower straight‑line electricity revenue from repowering of certain Managed Services sites. The decrease reflects changes in the mix of managed services and redeployments rather than lower demand for Energy Server products. This shift materially reduced electricity segment revenue and related gross profit for the period.
Key facts
- Electricity revenue decreased $17,057 thousand, or 63.3%, for the three months ended March 31, 2026 versus prior year
- Electricity revenue for the three months ended March 31, 2025: $26,953 thousand
- Electricity revenue for the three months ended March 31, 2026: $9,896 thousand
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -2.3% | Electricity revenue decreased $17,057 thousand, or 63.3%, for the three months ended March 31, 2026 versus prior year |