Beam Global Revenue Disclosure
| 13. | REVENUES |
For each of the identified periods, revenues can be categorized into the following:
| Twelve Months Ended | ||||||||
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Product sales | $ | 24,351 | $ | 46,057 | ||||
| Maintenance fees | 304 | 129 | ||||||
| Professional services | 2,912 | 1,127 | ||||||
| Shipping and handling | 728 | 2,266 | ||||||
| Discounts and allowances | (59 | ) | (243 | ) | ||||
| Total revenues | $ | 28,236 | $ | 49,336 | ||||
During the year ended December 31, 2025 and 2024, 29% and 62% of revenues were derived from federal, state and local governments, respectively. In addition, 40% of revenues in the year ended December 31, 2025 were international sales compared to 25% in the prior year.
At December 31, 2025 and 2024, deferred revenue was $2.5 million and $1.6 million, respectively. These amounts consisted mainly of customer deposits in the amount of $1.5 million and $0.6 million for December 31, 2025 and 2024, respectively and prepaid multi-year maintenance plans for previously sold products which account for $1.0 million and $1.1 million for December 31, 2025 and 2024, respectively, and pertain to services to be provided through 2035. Revenue recognized during the year ended December 31, 2025 and 2024 which pertained to revenue deferred in prior years was $0.1 million and $1.0 million respectively.
The balance of contract assets is driven by the difference in timing of when revenue is recognized from performance obligations satisfied in the current reporting period and when amounts are invoiced to the customer. The balance of contract liabilities is driven by the difference in timing between when cash is received pursuant to a contract and when the Company’s performance obligations under the contract are satisfied.
The following table provides the activity for the contract liabilities recognized:
| For the Year Ended | ||||||||
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Beginning Balance | $ | 1,647 | $ | 1,230 | ||||
| Additions | 1,038 | 662 | ||||||
| Recognized in revenue | (195 | ) | (245 | ) | ||||
| Ending Balance | $ | 2,490 | $ | 1,647 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 9, 2026 | Showing above |
| 2024 | Apr 11, 2025 | |
| 2023 | Apr 16, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 30, 2021 | |
| 2019 | Mar 30, 2020 | |
| 2018 | Mar 20, 2019 | |
| 2017 | Apr 2, 2018 | |
| 2016 | Mar 31, 2017 | |
| 2015 | Mar 30, 2016 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.