Beam Global Financials

BEEM

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Beam Global (BEEM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BEEM FY2025 2026-05-15

Beam Global’s FY2025 collapse in operating efficiency reflects fixed costs outrunning sales volume more than a pure product-margin failure.

FY2025 revenue fell to $28.2M while gross margin stayed positive at 12.5%; that combination shows unit economics were weak but not the main reason losses deepened. Lower volume stopped absorbing the operating cost base, and cash ended at $969K even after $7.5M of financing inflow, so the reported loss also translated into a real funding need.

The current ratio of 1.7x looks adequate, but inventory plus receivables were $18.0M against only $969K of cash. That means liquidity depends on converting working capital rather than drawing from a cash buffer, which is a much tighter position than the ratio alone suggests.

Capex was just $418K versus $10.5M of operating cash burn, so this is not a case where expansion spending explains the cash drain. Free cash outflow widened from $3.0M in FY2024 to $10.9M in FY2025, making the prior year’s improvement look temporary rather than structural.

Financial Health Signals

Financial Health Score 23/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Beam Global's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-4.78

Beam Global scores -4.78, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.4M) relative to total liabilities ($17.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/8

Beam Global passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, Beam Global generates $0.39 in operating cash flow (-$10.5M OCF vs -$27.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-1058.9x

Beam Global earns $-1058.9 in operating income for every $1 of interest expense (-$27.5M vs $26K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$28.2M

YoY-42.8%

5Y CAGR+35.4%

10Y CAGR+26.7%

Beam Global generated $28.2M in revenue in fiscal year 2025. This represents a decrease of 42.8% from the prior year.

EBITDA

-$24.0M

YoY-201.1%

Beam Global's EBITDA was -$24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 201.1% from the prior year.

Net Income

-$27.0M

YoY-139.3%

Beam Global reported -$27.0M in net income in fiscal year 2025. This represents a decrease of 139.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$10.9M

YoY-260.8%

Beam Global generated -$10.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 260.8% from the prior year.

Cash & Debt

$969K

YoY-78.8%

5Y CAGR-48.5%

Beam Global held $969K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

19M

YoY+28.9%

Beam Global had 19M shares outstanding in fiscal year 2025. This represents an increase of 28.9% from the prior year.

Margins & Returns

Gross Margin

12.5%

YoY-2.3pp

5Y CAGR+23.9pp

10Y CAGR+15.4pp

Beam Global's gross margin was 12.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin

-97.5%

YoY-73.9pp

5Y CAGR-13.7pp

10Y CAGR-32.2pp

Beam Global's operating margin was -97.5% in fiscal year 2025, reflecting core business profitability. This is down 73.9 percentage points from the prior year.

Net Margin

-95.6%

YoY-72.8pp

5Y CAGR-11.7pp

10Y CAGR-26.0pp

Beam Global's net profit margin was -95.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 72.8 percentage points from the prior year.

Return on Equity

-108.7%

YoY-81.4pp

5Y CAGR-90.8pp

Beam Global's ROE was -108.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 81.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$600K

YoY-66.7%

5Y CAGR+18.1%

10Y CAGR+91.9%

Beam Global invested $600K in research and development in fiscal year 2025. This represents a decrease of 66.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$418K

YoY-49.5%

5Y CAGR+9.5%

10Y CAGR+6.3%

Beam Global invested $418K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 49.5% from the prior year.

BEEM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$28.2M-42.8%	$49.3M-26.8%	$67.4M+206.2%	$22.0M+144.3%	$9.0M+45.0%	$6.2M
Cost of Revenue	$24.7M-41.2%	$42.0M-36.4%	$66.1M+179.6%	$23.7M+137.2%	$10.0M+44.1%	$6.9M
Gross Profit	$3.5M-51.7%	$7.3M+506.0%	$1.2M+172.2%	-$1.7M-71.5%	-$972K-36.7%	-$711K
R&D Expenses	$600K-66.7%	$1.8M-21.7%	$2.3M+91.7%	$1.2M	N/A	$262K
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$27.5M-136.2%	-$11.7M+28.3%	-$16.3M+17.5%	-$19.7M-198.8%	-$6.6M-26.7%	-$5.2M
Interest Expense	$26K-23.5%	$34K+183.3%	$12K+1100.0%	$1K0.0%	$1K	N/A
Income Tax	-$406K-331.9%	-$94K-883.3%	$12K+500.0%	$2K+100.0%	$1K-79.8%	$5K
Net Income	-$27.0M-139.3%	-$11.3M+29.8%	-$16.1M+18.4%	-$19.7M-198.4%	-$6.6M-26.5%	-$5.2M
EPS (Diluted)	N/A	$-0.77+40.8%	$-1.30+34.7%	$-1.99-168.9%	$-0.74	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.1M-65.4%	$9.0M+56.3%	$5.8M-18.2%	$7.1M+11.9%	$6.3M-25.4%	$8.5M-26.1%	$11.5M-22.5%	$14.8M
Cost of Revenue	$3.5M-52.3%	$7.4M+27.8%	$5.8M+3.1%	$5.6M-3.1%	$5.8M-6.8%	$6.3M-39.0%	$10.3M-17.7%	$12.5M
Gross Profit	-$415K-125.7%	$1.6M+5864.3%	-$28K-102.0%	$1.4M+186.2%	$501K-77.5%	$2.2M+81.2%	$1.2M-47.8%	$2.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$6.7M-153.3%	-$2.6M+45.6%	-$4.9M-9.1%	-$4.5M+71.3%	-$15.5M-204.8%	-$5.1M-497.8%	$1.3M+126.8%	-$4.8M
Interest Expense	$4K-33.3%	$6K-14.3%	$7K0.0%	$7K+16.7%	$6K0.0%	$6K-40.0%	$10K-28.6%	$14K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$6.9M-194.0%	-$2.3M+52.1%	-$4.9M-13.8%	-$4.3M+72.4%	-$15.5M-235.6%	-$4.6M-456.7%	$1.3M+126.4%	-$4.9M
EPS (Diluted)	N/A	N/A	$-0.280.0%	$-0.28+73.1%	$-1.04	N/A	$0.09+126.5%	$-0.34

BEEM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$42.7M-30.5%	$61.5M-20.8%	$77.6M+105.8%	$37.7M+23.1%	$30.7M-6.8%	$32.9M
Current Assets	$21.0M-22.4%	$27.1M-33.4%	$40.7M+104.3%	$19.9M-27.7%	$27.6M-7.8%	$29.9M
Cash & Equivalents	$969K-78.8%	$4.6M-56.0%	$10.4M+518.3%	$1.7M-92.3%	$21.9M-17.8%	$26.7M
Inventory	$9.8M-20.5%	$12.3M+2.9%	$11.9M-2.6%	$12.2M+660.1%	$1.6M+47.4%	$1.1M
Accounts Receivable	$8.2M+2.6%	$8.0M-49.7%	$15.9M+260.0%	$4.4M+15.7%	$3.8M+114.2%	$1.8M
Goodwill	$0-100.0%	$10.6M+3.0%	$10.3M+123.3%	$4.6M	$0	N/A
Total Liabilities	$17.9M-11.3%	$20.2M-28.2%	$28.1M+93.5%	$14.5M+210.3%	$4.7M+24.8%	$3.8M
Current Liabilities	$12.1M-9.1%	$13.3M-21.1%	$16.9M+28.1%	$13.2M+345.8%	$3.0M+66.9%	$1.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.8M-39.8%	$41.3M-16.7%	$49.5M+113.5%	$23.2M-10.7%	$26.0M-10.9%	$29.2M
Retained Earnings	-$131.6M-25.8%	-$104.6M-12.1%	-$93.4M-20.8%	-$77.3M-34.2%	-$57.6M-12.9%	-$51.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$40.0M-6.5%	$42.7M-4.2%	$44.6M-4.6%	$46.7M0.0%	$46.8M-23.9%	$61.5M-8.6%	$67.3M-6.5%	$71.9M
Current Assets	$19.2M-8.9%	$21.0M-4.1%	$21.9M-2.3%	$22.4M-5.1%	$23.6M-12.8%	$27.1M-12.8%	$31.1M-14.2%	$36.3M
Cash & Equivalents	$2.0M+103.6%	$969K-71.1%	$3.3M-1.9%	$3.4M+36.3%	$2.5M-45.2%	$4.6M-6.2%	$4.9M-44.3%	$8.7M
Inventory	$10.4M+6.7%	$9.8M-12.3%	$11.1M-1.3%	$11.3M-4.8%	$11.8M-3.6%	$12.3M-3.4%	$12.7M-1.0%	$12.8M
Accounts Receivable	$4.7M-42.9%	$8.2M+39.8%	$5.9M-3.1%	$6.1M-14.9%	$7.1M-11.0%	$8.0M-29.2%	$11.3M-10.5%	$12.7M
Goodwill	$0	$0	$0	$0	$0-100.0%	$10.6M-4.1%	$11.0M+9.0%	$10.1M
Total Liabilities	$18.4M+3.0%	$17.9M-1.1%	$18.1M-8.9%	$19.9M-1.2%	$20.1M-0.4%	$20.2M-3.2%	$20.8M-26.9%	$28.5M
Current Liabilities	$13.0M+7.4%	$12.1M+9.3%	$11.1M-12.6%	$12.7M-1.6%	$12.9M-3.3%	$13.3M+0.5%	$13.3M-34.5%	$20.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$21.5M-13.3%	$24.8M-6.3%	$26.5M-1.4%	$26.9M+0.8%	$26.7M-35.4%	$41.3M-11.1%	$46.4M+7.0%	$43.4M
Retained Earnings	-$138.5M-5.2%	-$131.6M-1.8%	-$129.3M-3.9%	-$124.4M-3.6%	-$120.2M-14.8%	-$104.6M-4.6%	-$100.0M+1.3%	-$101.3M

BEEM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$10.5M-378.0%	-$2.2M+83.5%	-$13.3M+26.5%	-$18.1M-182.7%	-$6.4M-54.9%	-$4.1M
Capital Expenditures	$418K-49.5%	$828K-11.6%	$937K+7.5%	$872K+75.1%	$498K+87.4%	$266K
Free Cash Flow	-$10.9M-260.8%	-$3.0M+78.8%	-$14.2M+25.0%	-$19.0M-174.9%	-$6.9M-56.8%	-$4.4M
Investing Cash Flow	-$482K+88.1%	-$4.1M+29.0%	-$5.7M-215.0%	-$1.8M-211.3%	-$582K-62.2%	-$359K
Financing Cash Flow	$7.5M+520.7%	$1.2M-95.7%	$27.7M+8204.4%	-$342K-115.3%	$2.2M-91.8%	$27.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.3M+39.8%	-$3.8M+18.6%	-$4.6M-1357.2%	-$318K+81.9%	-$1.8M-304.9%	$859K+129.1%	-$3.0M-200.9%	$2.9M
Capital Expenditures	$47K-19.0%	$58K+112.9%	-$451K-159.6%	$757K+1301.9%	$54K-86.4%	$397K+107.9%	$191K+40.4%	$136K
Free Cash Flow	-$2.3M+39.5%	-$3.8M+24.7%	-$5.1M-373.0%	-$1.1M+40.7%	-$1.8M-492.6%	$462K+114.7%	-$3.1M-212.6%	$2.8M
Investing Cash Flow	-$47K+40.5%	-$79K-118.2%	$435K+156.6%	-$768K-997.1%	-$70K+82.3%	-$396K+43.8%	-$705K-418.4%	-$136K
Financing Cash Flow	$3.4M+286.8%	$882K-80.1%	$4.4M+103.2%	$2.2M+14613.3%	-$15K0.0%	-$15K+91.6%	-$178K-115.9%	$1.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BEEM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	12.5%-2.3pp	14.8%+13.0pp	1.8%+9.4pp	-7.6%+3.2pp	-10.8%+0.7pp	-11.5%
Operating Margin	-97.5%-73.9pp	-23.6%+0.5pp	-24.1%+65.5pp	-89.6%-16.3pp	-73.3%+10.5pp	-83.9%
Net Margin	-95.6%-72.8pp	-22.9%+1.0pp	-23.8%+65.6pp	-89.5%-16.2pp	-73.3%+10.7pp	-83.9%
Return on Equity	-108.7%-81.4pp	-27.3%+5.1pp	-32.4%+52.4pp	-84.8%-59.4pp	-25.4%-7.5pp	-17.9%
Return on Assets	-63.2%-44.8pp	-18.4%+2.3pp	-20.7%+31.5pp	-52.2%-30.7pp	-21.5%-5.7pp	-15.8%
Current Ratio	1.74-0.3	2.04-0.4	2.41+0.9	1.51-7.8	9.33-7.6	16.89
Debt-to-Equity	0.72+0.2	0.49-0.1	0.57-0.1	0.63+0.4	0.18+0.1	0.13
FCF Margin	-38.6%-32.5pp	-6.1%+15.0pp	-21.1%+65.2pp	-86.3%-9.6pp	-76.7%-5.8pp	-70.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	-13.3%-31.1pp	17.8%+18.3pp	-0.5%-20.8pp	20.3%+12.3pp	7.9%-18.4pp	26.3%+15.6pp	10.7%-5.2pp	15.9%
Operating Margin	-214.6%-185.3pp	-29.3%+54.9pp	-84.2%-21.0pp	-63.1%+182.7pp	-245.8%-185.7pp	-60.1%-71.3pp	11.2%+43.5pp	-32.4%
Net Margin	-219.2%-193.4pp	-25.8%+58.4pp	-84.1%-23.7pp	-60.5%+185.0pp	-245.5%-190.9pp	-54.5%-65.8pp	11.3%+44.5pp	-33.2%
Return on Equity	-31.8%-22.5pp	-9.4%+9.0pp	-18.4%-2.5pp	-15.9%+42.3pp	-58.2%-47.0pp	-11.2%-14.0pp	2.8%+14.1pp	-11.3%
Return on Assets	-17.2%-11.7pp	-5.5%+5.5pp	-10.9%-1.8pp	-9.2%+24.1pp	-33.2%-25.7pp	-7.5%-9.5pp	1.9%+8.8pp	-6.8%
Current Ratio	1.47-0.3	1.74-0.2	1.98+0.2	1.77-0.1	1.84-0.2	2.04-0.3	2.35+0.6	1.79
Debt-to-Equity	0.86+0.1	0.72+0.0	0.68-0.1	0.74-0.0	0.75+0.3	0.49+0.0	0.45-0.2	0.66
FCF Margin	-74.0%-31.7pp	-42.3%+45.5pp	-87.8%-72.7pp	-15.2%+13.5pp	-28.7%-34.1pp	5.5%+32.9pp	-27.4%-46.3pp	18.9%

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Frequently Asked Questions

What is Beam Global's annual revenue?

Beam Global (BEEM) reported $28.2M in total revenue for fiscal year 2025. This represents a -42.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Beam Global's revenue growing?

Beam Global (BEEM) revenue declined by 42.8% year-over-year, from $49.3M to $28.2M in fiscal year 2025.

Is Beam Global profitable?

No, Beam Global (BEEM) reported a net income of -$27.0M in fiscal year 2025, with a net profit margin of -95.6%.

What is Beam Global's EBITDA?

Beam Global (BEEM) had EBITDA of -$24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Beam Global's gross margin?

Beam Global (BEEM) had a gross margin of 12.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Beam Global's operating margin?

Beam Global (BEEM) had an operating margin of -97.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Beam Global's net profit margin?

Beam Global (BEEM) had a net profit margin of -95.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Beam Global's return on equity (ROE)?

Beam Global (BEEM) has a return on equity of -108.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Beam Global's free cash flow?

Beam Global (BEEM) generated -$10.9M in free cash flow during fiscal year 2025. This represents a -260.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Beam Global's operating cash flow?

Beam Global (BEEM) generated -$10.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Beam Global's total assets?

Beam Global (BEEM) had $42.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Beam Global's capital expenditures?

Beam Global (BEEM) invested $418K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Beam Global spend on research and development?

Beam Global (BEEM) invested $600K in research and development during fiscal year 2025.

How many shares does Beam Global have outstanding?

Beam Global (BEEM) had 19M shares outstanding as of fiscal year 2025.

What is Beam Global's current ratio?

Beam Global (BEEM) had a current ratio of 1.74 as of fiscal year 2025, which is generally considered healthy.

What is Beam Global's debt-to-equity ratio?

Beam Global (BEEM) had a debt-to-equity ratio of 0.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Beam Global's return on assets (ROA)?

Beam Global (BEEM) had a return on assets of -63.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Beam Global's cash runway?

Based on fiscal year 2025 data, Beam Global (BEEM) had $969K in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Beam Global's Altman Z-Score?

Beam Global (BEEM) has an Altman Z-Score of -4.78, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Beam Global's Piotroski F-Score?

Beam Global (BEEM) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Beam Global's earnings high quality?

Beam Global (BEEM) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Beam Global cover its interest payments?

Beam Global (BEEM) has an interest coverage ratio of -1058.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Beam Global?

Beam Global (BEEM) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.