Beam Global Reports Second Quarter 2026 Operating Results
Rhea-AI Summary
Beam Global (Nasdaq: BEEM) reported Q2 2026 revenue of $8.6 million, up 21% year-over-year and 174% versus Q1 2026, with a stated 31‑percentage‑point gross margin improvement over the prior quarter. Reported gross margin was 17.8% (Non‑GAAP 26.2%), versus 20.3% (Non‑GAAP 29.6%) in Q2 2025.
Operating expenses fell to $4.5 million from $5.9 million, and net loss narrowed to $3.1 million or $(0.14) per share from $4.3 million or $(0.28) per share. Non‑GAAP net loss before tax was $2.0 million compared with $1.8 million a year earlier. Backlog stood at $5.4 million and sales outside the U.S. were 47% of revenue. The company highlighted over $0.5 million in recent drone and robotics battery orders, patents in smart batteries and integrated wind/solar, relocation of manufacturing to Yuma with about $2.7 million expected rent savings, no debt and a $100 million unused credit line.
Positive
- Q2 2026 revenue $8.6M, up 21% YoY and 174% QoQ
- Gross margin 17.8% in Q2 2026, a 31‑point improvement over Q1 2026
- Operating expenses $4.5M, down from $5.9M in Q2 2025
- Net loss $3.1M vs. $4.3M a year earlier; loss per share $(0.14) vs. $(0.28)
- International sales 47% of Q2 revenue; backlog $5.4M; no debt and $100M unused credit line
Negative
- Gross margin 17.8% vs. 20.3% in Q2 2025; Non‑GAAP margin 26.2% vs. 29.6%
- First‑half 2026 revenue $11.7M vs. $13.4M in first‑half 2025
- Non‑GAAP net loss before tax $2.0M vs. $1.8M in Q2 2025
- Allowance for credit losses up $1.6M in first half 2026 tied to one customer
- Shares outstanding 22.27M vs. 19.12M at year‑end 2025, indicating dilution
Market Reaction – BEEM
Following this news, BEEM has gained 23.12%, reflecting a significant positive market reaction. Argus tracked a peak move of +33.3% during the session. Our momentum scanner has triggered 58 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $1.49. Trading volume is exceptionally heavy at 21.1x the average, suggesting very strong buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 15 | Q1 operating results | Negative | -17.3% | Revenue declined, margins turned negative, and net losses remained substantial despite higher backlog. |
| Apr 09 | Full-year operating results | Negative | -7.1% | Full-year revenue declined while operating expenses and net loss increased after goodwill impairment. |
| Nov 14 | Q3 operating results | Negative | +0.6% | Revenue and margins weakened despite international expansion, product deployments, and a debt-free balance sheet. |
| Aug 14 | Q2 operating results | Positive | -2.5% | Revenue, gross margin, international sales, and strategic expansion improved year over year. |
| May 15 | Q1 operating results | Negative | -13.7% | Large goodwill impairment drove a substantial net loss despite positive gross margin and commercial growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
BEEM's tag-matched earnings events showed negative reactions on three of five occasions, including the two most recent earnings reports.
Key Terms
non-gaap financial measures financial
depreciation and amortization financial
allowance for credit losses financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative products for energy storage and security, sustainable transportation, and smart city infrastructure, today announced its second quarter operating results for the period ended June 30, 2026.
Q2 2026 and Recent Company Highlights:
Financial:
- Q2 2026 revenue
$8.6M , an increase of174% over Q1 2026 and21% year-over-year. 17.8% gross margin in Q2 2026;26.2% excluding non-cash depreciation and amortization.- FH Operating Expenses reduced by over
$400 k $5.4 million backlog as of June 30, 2026- No Debt,
$100 million unused line of credit.
Operational:
- Received more than
$0.5 million in drone and autonomous robotics battery orders within a single week, expanding Beam's presence in advanced battery applications. - Continued expanding advanced battery technology across high-growth applications, including drones, military systems, AI-driven robotics and industrial applications, and wildfire detection technologies.
- AI/data-center battery opportunity advanced, battery design for AI infrastructure accepted for presentation from 1,800 submissions at IECON 2026 in Qatar.
- Received European patent for Smart Battery Solutions and U.S. patent for integrated wind and solar power generation system, strengthening Beam's intellectual property portfolio.
- Continued leveraging Federal GSA and Sourcewell procurement channels, including a fourth EV ARC™ order from Dallas (10 systems), 10 EV ARC™ systems and an ARC Mobility™ trailer for Stanislaus County and 6 additional EV ARC™ systems for the City of Long Beach.
- Expanded EV ARC™ deployments in Massachusetts through a new CommunityEV carshare pilot, demonstrating applications for off-grid charging in community mobility programs.
- Expanded recurring-revenue EV ARC™ deployments across Europe, including a sponsorship-funded rental in Serbia and additional deployments in Barcelona, Madrid, and Montenegro.
- Smart City solutions are deployed in more than 30 cities across five nations.
- Relocated manufacturing operations to Yuma, Arizona - approximately
$2.7 million in rent savings over the lease term. - Product portfolio featured at Make it in the Emirates 2026 in Abu Dhabi, UAE
“Beam Global's intellectual property and product portfolio is demonstrably a platform for our expansion into the most vibrant and relevant industries of today.” said Desmond Wheatley, CEO of Beam Global. “We are providing energy generation and battery storage solutions for drones, AI data centers, robotics, autonomous vehicles, mobility, and smart cities solutions. Our product portfolio expansion has enabled us to generate revenues from a host of new products based upon our underlying patented technologies, creating opportunities that simply did not exist for us a couple of years ago. Our international expansion has massively increased our market presence and pool of prospective customers. Our European operations are now generating approximately half of our revenues and have contributed significantly to the
Q2 2026 Financial Summary
Revenues
Revenues for the second quarter of 2026 were
Gross Profit
The Company reported gross profit of
The Company believes its margins will improve as sales volumes return, reducing the impact of fixed overhead allocations on each unit sale, and as ongoing cost reduction initiatives continue to take effect.
Operating Expenses
Operating expenses were
Net Loss
The Company reported a net loss of
Management believes the improvement in both GAAP and Non-GAAP results, together with a
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements prepared in accordance with GAAP, Beam Global presents certain non-GAAP financial measures, in this press release. These measures exclude non-cash items including provisions for credit losses, stock-based compensation, depreciation and amortization, warrant amortization, and impairment of goodwill. We use Non-GAAP measures in conjunction with GAAP measures as part of our overall assessment of our performance to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance. We believe Non-GAAP measures are also helpful to investors, analysts and other interested parties because they can assist in providing a more consistent and comparable overview of our operations across our historical financial periods. Non-GAAP Net Loss has limitations as an analytical tool. Therefore, you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Because of these limitations, you should consider Non-GAAP Net Loss alongside other financial performance measures, including Net Loss attributable to other GAAP measures. In evaluating Non-GAAP Net Loss you should be aware that in the future we may incur expenses that are the same as, or similar to, some of the adjustments reflected in this press release. Our presentation of Non-GAAP Net Loss should not be construed to imply that our future results will be unaffected by the types of items excluded from the calculations of Non-GAAP Net Loss. Non-GAAP Net Loss is not presented in accordance with GAAP and the use of these terms varies from others in our industry. A reconciliation of this non-GAAP measure has been provided in the financial statement tables included within this press release, and investors are encouraged to review this reconciliation.
Conference Call August 19, 2026 at 4:30 p.m. ET
Beam Global will host a conference call on Wednesday, August 19 2026 at 4:30 p.m. ET to review results and provide a corporate update, followed by a Q&A session.
Registration: https://dpregister.com/sreg/10211335/104afe0e629
Toll-Free Dial-In Number: 1-844-739-3880
International Dial-In Number: 1-412-317-5716
A webcast archive will be available on our website (www.BeamForAll.com) following the call.
About Beam Global
Beam Global is a sustainable technology innovator which develops and manufactures infrastructure products and technologies. We operate at the nexus of innovative and reliable energy, transportation and smart cities 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 innovative 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
| Beam Global | ||||
| Condensed Consolidated Balance Sheets | ||||
| (In thousands, except share and per share data) | ||||
| June 30, | December 31, | |||
| 2026 | 2025 | |||
| (Unaudited) | ||||
| Assets | ||||
| Current assets | ||||
| Cash | ||||
| Accounts receivable, net of allowance for credit losses of | 6,741 | 8,236 | ||
| Prepaid expenses and other current assets | 1,654 | 2,070 | ||
| Inventory, net | 8,259 | 9,766 | ||
| Total current assets | 17,679 | 21,041 | ||
| Property and equipment, net | 11,956 | 13,093 | ||
| Operating lease right of use assets | 1,745 | 1,358 | ||
| Intangible assets, net | 6,644 | 7,127 | ||
| Deposits | 135 | 113 | ||
| Total assets | ||||
| Liabilities and Stockholders' Equity | ||||
| Current liabilities | ||||
| Accounts payable | ||||
| Accrued expenses | 3,471 | 2,885 | ||
| Sales tax payable | 932 | 843 | ||
| Deferred revenue, current | 1,273 | 1,800 | ||
| Note payable, current | 70 | 68 | ||
| Contingent consideration, current | - | 104 | ||
| Operating lease liabilities, current | 415 | 484 | ||
| Total current liabilities | 12,149 | 12,109 | ||
| Deferred revenue, noncurrent | 586 | 690 | ||
| Note payable, noncurrent | 95 | 131 | ||
| Other liabilities, noncurrent | 2,565 | 2,939 | ||
| Deferred tax liabilities, noncurrent | 1,169 | 1,203 | ||
| Operating lease liabilities, noncurrent | 1,339 | 815 | ||
| Total liabilities | 17,903 | 17,887 | ||
| Stockholders' equity | ||||
| Preferred stock, | $ - | $ - | ||
| Common stock, | 22 | 19 | ||
| Additional paid-in-capital | 162,348 | 156,446 | ||
| Accumulated deficit | (141,581) | (131,646) | ||
| Accumulated Other Comprehensive Income (AOCI) | (533) | 26 | ||
| Total stockholders' equity | 20,256 | 24,845 | ||
| Total liabilities and stockholders' equity | ||||
| Beam Global | ||||||||
| Condensed Consolidated Statements of Operations and Comprehensive Loss | ||||||||
| (Unaudited, In thousands except per share data) | ||||||||
| Three Months Ended | Six Months Ended | |||||||
| June 30, | June 30, | |||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| Revenues | ||||||||
| Cost of revenues | 7,035 | 5,641 | 10,577 | 11,464 | ||||
| Gross profit | 1,527 | 1,434 | 1,113 | 1,935 | ||||
| Gross margin % | ||||||||
| Operating expenses | 4,523 | 5,901 | 10,819 | 11,166 | ||||
| Impairment of goodwill | - | - | - | 10,780 | ||||
| Loss from operations | (2,996) | (4,467) | (9,706) | (20,011) | ||||
| Other income (expense) | ||||||||
| Interest income | 1 | 14 | 6 | 37 | ||||
| Other (expense) income | (82) | 182 | (228) | 186 | ||||
| Interest expense | (3) | (7) | (7) | (13) | ||||
| Total Other income (expense) | (84) | 189 | (229) | 210 | ||||
| Net Loss | ||||||||
| Net foreign currency translation (expense) benefit | (250) | 633 | (559) | 1,094 | ||||
| Total Comprehensive Loss | ||||||||
| Net Loss per share - basic/diluted | ||||||||
| Weighted average shares outstanding - basic/diluted | 21,893 | 15,499 | 21,187 | 15,272 | ||||
| Beam Global | ||||||||
| Reconciliation of Net Loss before Tax to Non-GAAP Net Loss before Tax | ||||||||
| (Unaudited, In thousands) | ||||||||
| Three Months Ended | Six Months Ended | |||||||
| June 30, | June 30, | |||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| GAAP Total Revenue | ||||||||
| GAAP Total COGS | 7,035 | 5,641 | 10,577 | 11,464 | ||||
| Adjusted to exclude the following: | ||||||||
| Depreciation and Amortization | 716 | 657 | 1,424 | 1,457 | ||||
| Non-GAAP Total COGS | ||||||||
| Non-GAAP Gross Profit | ||||||||
| Non-GAAP Gross Margin % | ||||||||
| GAAP Total Operating Expenses | ||||||||
| Adjusted to exclude the following: | ||||||||
| Depreciation and Amortization | ||||||||
| Non-cash Compensation | 139 | 1,581 | 576 | 2,026 | ||||
| Allowance for Credit Losses | 16 | 13 | 1,840 | 252 | ||||
| Warrant Amortization | 80 | 80 | 161 | 161 | ||||
| Impairment of Goodwill | - | - | - | 10,780 | ||||
| Non-GAAP Total Adjustments | ||||||||
| Non-GAAP Total Operating Expenses | ||||||||
| GAAP Other Expenses | ||||||||
| GAAP Net Loss before Tax | ||||||||
| Non-GAAP Total Adjustments | 1,067 | 2,481 | 4,236 | 14,982 | ||||
| Non-GAAP Net Loss before Tax | ||||||||
