Beam Global

Listed Company

BEEMCIK 0001398805NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$28.24M

Net Income

$-27.00M

Total Assets

$42.73M

Equity

$24.84M

Shares Out

21.14M

Op. Cash Flow

$-10.50M

Business

Beam Global develops, designs, engineers, manufactures, and sells renewably energized infrastructure products for electric vehicle charging, Smart Cities, energy security and disaster preparedness, and high‑energy‑density battery solutions. Its main products include EV ARC™, SolarTree®, BeamSpot™, BeamBike™, BeamPatrol™, BeamWell™, bespoke battery systems, power electronics, and mass‑produced street lighting and steel structures with electronic integration. The company operates across business segments focused on EV charging infrastructure, energy storage, Smart Cities infrastructure, energy security/disaster preparedness, transportation products, and power electronics/telecommunications. It sells through direct, government contract, distributor and reseller channels across North America, Europe, the Middle East, Africa and other international markets.

Summary from filing dated 2025-04-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	28	49	67	22	9
Cost of revenues	25	42	66	24	10
Gross profit	4	7	1	−2	−972,000
Operating expenses	20	19	—	—	—
Impairment of goodwill	11	0	—	—	—
Loss from operations	−28	−12	−16	−20	−7
Interest income	56,000	205,000	—	—	—
Other income	93,000	110,000	−36,000	0	—
Interest expense	−26,000	−34,000	−12,000	—	—
Total other income	123,000	281,000	213,000	36,000	4,000
Loss before income tax expense	−27	−11	−16	−20	−7
Income tax benefit	−406,000	−94,000	12,000	2,000	1,000
Net Loss	−27	−11	−16	−20	−7
Net foreign currency translation adjustments	1	−2	—	—	—
Total Comprehensive Loss	−26	−13	−15	−20	—
Net Loss per share - basic/diluted (in dollars per share)	−1.61	−0.77	−1.3	−1.99	−0.74
Weighted average shares outstanding - basic/diluted (in shares)	16,814	14,621	12	10	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-01-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash	1	5	—	—	—
Accounts receivable, net of allowance for credit losses of $939 and $259	8	8	—	16	4
Prepaid expenses and other current assets	2	2	—	2	2
Inventory	10	12	—	12	12
Total current assets	21	27	—	41	20
Property and equipment, net	13	14	—	17	2
Operating lease right of use assets	1	2	1	1	2
Goodwill	0	11	—	10	5
Intangible assets, net	7	8	—	9	10
Deposits	113,000	119,000	—	—	—
Total assets	43	61	—	78	38
Accounts payable	6	9	—	10	3
Accrued expenses	3	2	—	3	2
Sales tax payable	843,000	195,000	—	209,000	33,000
Deferred revenue, current	2	847,000	—	828,000	1
Note payable, current	68,000	63,000	—	40,000	0
Contingent consideration, current	104,000	93,000	—	—	—
Operating lease liabilities, current	484,000	696,000	—	615,000	628,000
Total current liabilities	12	13	—	17	13
Deferred revenue, noncurrent	690,000	800,000	—	402,000	266,000
Note payable, noncurrent	131,000	199,000	—	160,000	0
Contingent consideration, noncurrent	0	216,000	—	—	—
Other liabilities, noncurrent	3	3	—	4	0
Deferred tax liabilities, noncurrent	1	1	—	—	—
Operating lease liabilities, noncurrent	815,000	971,000	—	455,000	1
Total liabilities	18	20	—	28	15
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, $0.001 par value, 10,000,000 authorized, none outstanding as of December 31, 2025 and December 31, 2024.	0	0	—	0	0
Common stock, $0.001 par value, 350,000,000 shares authorized,19,124,163 and 14,835,630 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively.	19,000	15,000	—	14,000	10,000
Additional paid-in-capital	156	147	—	142	100
Accumulated deficit	−132	−105	—	−93	−77
Accumulated Other Comprehensive Income (AOCI)	26,000	−1	—	624,000	0
Total stockholders' equity	25	41	—	50	23
Total liabilities and stockholders' equity	43	61	—	78	38

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	4	4	2	—	—
Provision on credit losses	680,000	−189,000	—	—	—
Change in fair value of contingent consideration liabilities	−112,000	−4	—	—	—
Stock-based compensation	3	4	3	2	—
Disposal of property and equipment	18,000	130,000	0	—	—
Amortization of operating lease right of use asset	1	817,000	612,000	0	32,000
Abandoned patent costs	0	65,000	—	—	—
Accounts receivable	−526,000	8	−9	−602,000	−2
Prepaid expenses and other current assets	−79,000	−142,000	918,000	−846,000	141,000
Inventory	3	−201,000	3	−8	−486,000
Deposits	9,000	−57,000	—	—	0
Accounts payable	−3	−889,000	5	1	816,000
Accrued expenses	−253,000	−242,000	1	919,000	335,000
Operating lease liability	−752,000	−1	−628,000	0	—
Sales tax payable	641,000	−13,000	175,000	−24,000	−35,000
Deferred revenue	790,000	445,000	−1	—	—
Deferred tax liabilities	−579,000	0	−326,000	—	—
Other long term liabilities	−1	−587,000	—	—	—
Net cash used in operating activities	−11	−2	−13	−18	−6
Acquisitions, net of cash acquired	0	−513,000	−5	0	—
Purchase of property and equipment	−418,000	−828,000	−937,000	−872,000	−498,000
Payment of Deferred Consideration	0	−3	—	—	—
Funding of patent costs	−64,000	0	−120,000	−129,000	−84,000
Net cash used in investing activities	−482,000	−4	−6	−2	−582,000
Taxes paid related to net share settlement of equity awards	−329,000	−164,000	0	−499,000	−630,000
Proceeds from warrant exercises	0	800,000	185,000	501,000	3
Borrowings of note payable	0	61,000	0	—	0
Net cash provided by financing activities	7	1	28	−342,000	2
Net (decrease) increase in cash	−4	−6	9	−20	—
Effect of exchange rate changes	−106,000	−777,000	—	—	—
Cash paid for interest	26,000	34,000	12,000	0	85
Cash paid for taxes	10,000	−94,000	12,000	1,000	1,000
Right-of-use assets obtained in exchange for lease liabilities	442,000	2	—	—	—
Settlement of earnout related to acquisition	93,000	0	—	—	—
Fair value of common stock issued as consideration for business combination	0	387,000	—	—	—
Purchase of property and equipment by incurring current liabilities	0	828,000	—	—	—

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