February 5, 2026 Q4'25 Earnings Forward-looking Statements and Non-GAAP Financial Measures This presentation may contain certain forward-looking statements relating to future events and expectations, including our expectation regarding the increased adoption of onsite power; that the Bloom platform will become the standard for onsite power and our positioning for long-term, profitable growth and estimates and projections for our business outlook for the 2026 fiscal year, each of which is based on current ex ...

Financial Performance - Revenue for Q3'25 reached $519 million, a 57.1% increase compared to $330.4 million in Q3'24 [7] - Non-GAAP Gross Margin for Q3'25 was 30.4%, a 5.1 percentage point increase from 25.2% in Q3'24 [7] - Non-GAAP Operating Income for Q3'25 was $46.2 million, a $38.1 million increase from $8.1 million in Q3'24 [7] - Adjusted EBITDA for Q3'25 was $59.0 million, a $37.7 million increase from $21.3 million in Q3'24 [7] - Non-GAAP EPS for Q3'25 was $0.15, a $0.16 increase from ($0.01) in Q3'24 [7] Revenue and Margin Growth - The company's revenue has grown from $0.8 billion in 2020 to $1.5 billion in 2024 [9] - Non-GAAP Gross Margin has increased from 23% in 2020 to 29% in 2024 [9] Profitability and Cash Flow - Non-GAAP Operating Income has improved from $(7) million in 2020 to $108 million in 2024 [13] - Cash Flow from Operating Activities has increased from $(372) million in 2023 to $92 million in 2024 [13]