Beam Global Announces Preliminary Third Quarter 2026 Revenue Growth of 8% Year Over Year, Advancing Strong Core Business and Strategic Expansion into Drone Technology
The pending ScoutDI acquisition carries approximately $24 million in cash and common-stock consideration.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Beam Global (BEEM) announced preliminary third-quarter 2026 revenue of approximately $6.2 million, an 8% increase from the same quarter in 2025. Revenue for the quarter ended September 30, 2026 compares with $5.8 million a year earlier. The figures are unaudited estimates and remain subject to change during quarter-end closing and financial-statement review.
On October 7, 2026, Beam signed a definitive agreement to acquire ScoutDI, a Norwegian drone systems and AI-enhanced inspection software developer, for approximately $24 million in cash and Beam common stock. Closing is expected in November 2026, subject to customary closing conditions. Beam intends to manufacture ScoutDI systems at its U.S. and European facilities after the acquisition and develop a vertically integrated drone business serving commercial, government and defense markets.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major pointDefinitive ScoutDI acquisition agreement signed October 7, 2026 supports Beam’s planned expansion into drone technology.
- Moderate pointPreliminary third-quarter 2026 revenue rose 8% to approximately $6.2 million from $5.8 million in 2025.
- Minor point. Forward-looking: it has not happened yet and may not happen.Post-acquisition manufacturing is planned at Beam’s U.S. and European facilities.
- Minor point. Forward-looking: it has not happened yet and may not happen.Beam intends to develop a vertically integrated drone business serving commercial, government and defense markets.
Negative
- Major point. Forward-looking: it has not happened yet and may not happen.Approximately $24 million in cash and common stock consideration entails cash outlay and shareholder dilution. 1× market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.ScoutDI acquisition remains pending, with closing expected in November 2026.
- Minor pointPreliminary, unaudited revenue estimates remain subject to change during quarter-end closing and financial-statement review.
Key Figures
- Preliminary revenue
- $6.2 million
- Q3 2026; up 8% year over year from $5.8 million in Q3 2025
- Year-over-year revenue growth
- 8%
- Preliminary Q3 2026 revenue
- Acquisition consideration
- Approximately $24 million
- ScoutDI; cash and Beam Global common stock
- Expected acquisition closing
- November 2026
- ScoutDI transaction, subject to customary closing conditions
- Form 10-Q filing deadline
- On or before November 16, 2026
- Company-stated timing for complete, unaudited Q2 2026 financial results
Previous Earnings Reports
-
Reported Q3 2025 revenue down 50% year over year; current preliminary Q3 revenue was up 8%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
definitive agreement financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, today announced preliminary, unaudited revenue of approximately
These figures are preliminary and unaudited. They are estimates based on information available as of the date of this release and remain subject to change in connection with the completion of the Company's quarter-end closing procedures and the review of its financial statements.
“Our third quarter results demonstrate the strength of our core business and the progress we continue to make across our markets,” said Desmond Wheatley, CEO of Beam Global. “The acquisition of ScoutDI represents a significant opportunity to build on our existing capabilities, bringing together our established customer base, engineering expertise, manufacturing capabilities and global footprint with ScoutDI’s advanced drone technology. This positions Beam Global to develop a vertically integrated drone business serving commercial, government and defense markets.”
On October 7, 2026, Beam Global announced that it had signed a definitive agreement to acquire ScoutDI, a Norwegian developer of drone systems and AI-enhanced software for industrial inspection in confined and hard-to-reach spaces, for approximately
The Company expects to file its complete, unaudited financial results for the second quarter of 2026 in its Quarterly Report on Form 10-Q on or before November 16, 2026, in accordance with applicable SEC filing deadlines.
About Beam Global
Beam Global is a sustainable technology innovator that develops and manufactures infrastructure products and technologies. The Company operates at the nexus of innovative and reliable energy, transportation and smart city solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced technology solutions that power transportation, provide secure sources of electricity, enable smart city services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA, with facilities in Yuma, AZ; Broadview, IL; Belgrade and Kraljevo, Serbia; and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X.
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com
Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was Beam Global’s preliminary third-quarter 2026 revenue?
Beam Global reported approximately $6.2 million in preliminary, unaudited revenue for the quarter ended September 30, 2026. That represents an 8% increase compared with $5.8 million for the third quarter of 2025. The estimates remain subject to change during closing procedures and financial-statement review.
How much will Beam Global pay for ScoutDI, and when is closing expected?
The ScoutDI acquisition involves approximately $24 million in cash and Beam Global common stock, with closing expected in November 2026. Beam signed the definitive agreement on October 7, 2026. Completion remains subject to customary closing conditions.
When does Beam Global expect to file its second-quarter 2026 Form 10-Q?
Beam Global expects to file its complete, unaudited second-quarter 2026 financial results in a Quarterly Report on Form 10-Q on or before November 16, 2026.