Bloom Energy

Non-GAAP net profit (non-GAAP net earnings) and non-GAAP diluted earnings per share consist of net income (loss) or diluted net income (loss) per share excluding charges relating to net income attributable to noncontrolling interest, charges relating to stock-based compensation expense, equity in earnings (loss) of unconsolidated affiliates, effects of assets buyout and repowering, restructuring charges, loss (gain) on derivative liabilities, loss on extinguishment of debt, and other charges.

SEC original ↗Bloom Energy — Earnings release (8-K exhibit)EX-99Jul 28, 2026

Adjusted EBITDA is defined as net income (loss) before interest income (expense), income tax provision, depreciation and amortization expense, net income attributable to noncontrolling interest, loss on extinguishment of debt, equity in earnings (loss) of unconsolidated affiliates, charges relating to stock-based compensation expense, restructuring charges, and other charges.

SEC original ↗Bloom Energy — Earnings release (8-K exhibit)EX-99Jul 28, 2026

Loss on extinguishment of debt for the three months ended June 30, 2025, was $32.3 million, which was recognized as a result of the debt exchange between the 2.5% Green Convertible Senior Notes due August 2025 and the 3% Green Convertible Senior Notes due June 2029, that settled on May 13, 2025.

SEC original ↗Bloom Energy — Earnings release (8-K exhibit)EX-99Jul 28, 2026

15 Effects of Assets Buyout and Repowering represents net gain on failed sale-and-leaseback transactions due to termination of multiple Managed Services sites, consisting of loss on impairment of related fixed assets offset against gain on extinguishment of debt as a result of derecognition of respective financing obligations adjusted by cash paid for assets buyback.

SEC original ↗Bloom Energy — Earnings release (8-K exhibit)EX-99Jul 28, 2026

As of September 30, 2026, we had $ 2,473.5 million and $ 3.0 million of total outstanding recourse and non-recourse debt, respectively, $ 3.0 million and $ 2,473.5 million of which was classified as short-term debt and long-term debt, respectively.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

As of December 31, 2025, we had $ 2,613.7 million and $ 4.2 million of total outstanding recourse and non-recourse debt, respectively, $ 4.2 million and $ 2,613.7 million of which was classified as short-term debt and long-term debt, respectively.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

Equity Method Accounting for Investments in Unconsolidated Affiliates The distribution rights and priorities set forth in the LLC agreements governing the unconsolidated affiliates differ from Bloom s underlying percentage ownership interests in those entities.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

GAAP book values and distribute the resulting proceeds to creditors and members in accordance with the liquidation priorities set forth in the governing LLC agreement.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

GAAP net income or loss, taxable income or loss, book and tax depreciation, Section 704(b) capital account balances, capital contributions and distributions, transferable investment tax credits, and target returns and liquidation priorities specified in the governing LLC agreements.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

With respect to Bloom Energy s expectations regarding its 2026 outlook, Bloom Energy is not able to provide a quantitative reconciliation of non-GAAP gross margin, non-GAAP operating income, and non-GAAP EPS measures to the corresponding GAAP measures without unreasonable efforts due to the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense.

SEC original ↗Bloom Energy — Earnings release (8-K exhibit)EX-99Jul 28, 2026

With respect to Bloom s expectations regarding its 2026 Guidance, Bloom Energy is not able to provide a quantitative reconcil iation of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP EPS measures to the corresponding GAAP measures without unreasonable efforts due to the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense.

SEC original ↗Bloom Energy — Presentation / slide deck (8-K exhibit)EX-99Jul 28, 2026

With respect to Bloom s expectations regarding its 2026 Guidance, Bloom Energy is not able to provide a quantitative reconciliation of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP EPS measures to the corresponding GAAP measures without unreasonable efforts due to the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense.

SEC original ↗Bloom Energy — Presentation / slide deck (8-K exhibit)EX-99Jul 28, 2026

With respect to Bloom s expectations regarding its 2026 Guidance, Bloom Energy is not able to provide a quantitative reconciliation of non-GAAP gross margin, non-GAAP Operating Expenses, non-GAAP operating income, and non-GAAP EPS measures to the corresponding GAAP measures without unreasonable efforts due to the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense.

SEC original ↗Bloom Energy — Presentation / slide deck (8-K exhibit)EX-99Jul 28, 2026

Recovery of Previously Paid Tariffs We account for potential recoveries of previously paid import tariffs by applying the loss recovery model by analogy to ASC 410-30, Asset Retirement and Environmental Obligations Environmental Obligations ( ASC 410 30 ).

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026

Consistent with ASC 410-30, which references the probability threshold in ASC 450-20, Loss Contingencies , we recognize a receivable for tariff refunds when recovery is deemed probable and the amount can be reasonably estimated.

SEC original ↗Bloom Energy — 10-Q Quarterly report10-QOct 22, 2026