Bimergen Energy Reports Q2 Earnings With $7.9 Million Revenues

Bimergen Energy (NYSE American: BESS) reported Q2 2026 revenues of $7.9 million, net income of $1.6 million or $0.22 per share, and $3.9 million in adjusted EBITDA for the quarter ended June 30, 2026.

Rhea-AI Summary

Bimergen Energy (NYSE American: BESS) reported Q2 2026 revenues of $7.9 million, net income of $1.6 million or $0.22 per share, and $3.9 million in adjusted EBITDA for the quarter ended June 30, 2026.

According to Bimergen Energy, the company has received $11 million in cash to date related to these Q2 revenues and expects an additional $2.6 million to be recorded in Q3 2026 from a third project that closed on July 15, 2026. The company is also entitled to an additional $2.5 million payment upon its joint venture reaching the notice to proceed milestone. Bimergen received a 7.5% equity stake in three battery energy storage projects, recording a provisional $500,000 value in Q2, which it considers conservative relative to expected fair market value as the projects advance toward operation.

Positive

• Q2 2026 revenue $7.9 million with net income $1.6 million
• Adjusted EBITDA of $3.9 million in Q2 2026
• $11 million cash received to date tied to Q2 2026 revenues
• $2.6 million additional revenue expected to be recorded in Q3 2026
• $2.5 million additional payment contingent on NTP milestone for JV projects
• 7.5% equity stake in three battery energy storage projects, $500,000 provisionally recorded

Negative

• None.

News Explained

The retained 7.5% equity stakes are tied to projects that, once operational, are expected to generate revenue and gross profit by buying power during lower-priced periods and selling it back to the grid during higher-priced periods.

Argus Aug 17 session 3 alerts

+5.75% close to close 0.2x rel. volume Open Argus

Details

Market move: BESS +5.75% in the Aug 17 session. Q2 2026 earnings report

+4.7% Peak Tracked

$28.91M Market Cap

On Aug 17, the day this news came out, BESS closed 5.75% above the previous close. Argus tracked a peak move of +4.7% during that session. Our momentum scanner recorded 3 alerts for this stock that day.

Data tracked by StockTitan Argus for the Aug 17 session.

Key Figures

Revenue: $7.9 million Net income: $1.6 million Earnings per share: $0.22 per share +5 more

Revenue

$7.9 million

Q2 2026

Net income

$1.6 million

Q2 2026

Earnings per share

$0.22 per share

Q2 2026

Adjusted EBITDA

$3.9 million

Q2 2026

Cash received

$11 million

Received to date related to Q2 2026 recorded revenues

Q3 revenue

$2.6 million

Additional amount to be recorded in Q3 2026

Milestone payment

$2.5 million

Payment upon joint venture achieving the NTP milestone

Retained equity stake

7.5%

Equity stake in three projects

Historical Context

5 past events · Latest: Jul 28

5 events

1. Jul 28

   Revenue transaction

   24h Move

   +7.9%

   Project transaction generated cash consideration and retained equity interest.

2. Jun 05

   Investor presentation

   24h Move

   +15.4%

   Company scheduled a presentation outlining a potential revenue growth strategy.

3. May 21

   Project portfolio sale

   24h Move

   +12.1%

   Battery storage portfolio sale retained a 7.5% economic interest.

4. May 12

   Investor presentation

   24h Move

   -0.4%

   Management scheduled a presentation covering a battery storage asset plan.

5. May 06

   Supplier selection

   24h Move

   +3.8%

   SMA was selected as inverter supplier for an ERCOT storage portfolio.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, joint venture, notice to proceed, battery energy storage

4 terms

adjusted ebitda financial

"adjusted EBITDA of $3.9 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

joint venture financial

"upon the joint venture achieving the notice to proceed"

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

notice to proceed technical

"achieving the notice to proceed (NTP) milestone"

A notice to proceed is a formal, written authorization in a contract that tells a contractor to start work and often triggers the project clock, budgets, and key obligations. For investors it matters because it signals that planned spending, revenue recognition, milestone payments and schedule risks are beginning—similar to a green light at a construction site that converts plans into real cash flows and measurable progress.

battery energy storage technical

"battery energy storage projects are expected to generate revenue"

A system that stores electrical energy in rechargeable batteries so power can be used later, like a large-scale rechargeable power bank for homes, businesses, or the electricity grid. It matters to investors because it helps smooth out supply and demand, lets operators sell power when prices are higher, backs up critical services during outages, and supports more renewable generation — all of which can create new revenue streams and reduce operational risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Bimergen achieves $3.9 million Adjusted EBITDA for Q2 2026 ended June 30, 2026

NEWPORT BEACH, CA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE American: BESS) (“Bimergen”), a U.S. energy infrastructure developer and operator, announces that it has reported $7.9 million in revenues for the second calendar quarter of 2026 with net income reported of $1.6 million or $0.22 per share and adjusted EBITDA of $3.9 million.

Bimergen has received $11 million in cash to date related to these recorded revenues for Q2 2026, with an additional $2.6 million to be recorded in Q3 2026 related to the third project, which closed on July 15, 2026. The Company will also receive an additional $2.5 million payment upon the joint venture achieving the notice to proceed (NTP) milestone toward advancing the projects to operation.

Additional consideration from the transactions announced during the quarter includes a 7.5% equity stake in the three projects, which the Company expects to provide meaningful long-term value as the projects advance toward operation. The Company has only recorded $500,000 as a provisional amount in Q2 but expects the conservative appraised fair market value of this 7.5% equity stake to be significantly higher.

Once operational, the battery energy storage projects are expected to generate revenue and gross profit primarily by purchasing power during lower-priced periods and selling power back to the grid during higher-priced periods.

“This last quarter marks an important milestone for Bimergen as we continue to execute our strategy," said Bob Brilon, Co-CEO of Bimergen Energy. “We have received $11 million in cash for our efforts to date, have a $2.5 million in accounts receivable, and while retaining ownership.

Building through strategic partnerships and financial institutions is a core part of our strategy,” said Cole W. Johnson, Co-CEO of Bimergen Energy. “We are focused on advancing high-quality battery energy storage projects through these relationships while preserving meaningful long-term upside for our shareholders.

About Bimergen Energy Corporation

Bimergen Energy Corporation (NYSE American: BESS) is a U.S.-based renewable energy developer, asset owner and operator focused on utility-scale battery energy storage system (BESS) projects. The operating revenue generation comes from buying energy at lower off-peak prices and selling them back to the same grid at higher peak prices. Bimergen develops and operates infrastructure designed to enhance grid stability and support the integration of renewable generation across key U.S. markets, maintaining a diversified pipeline and partnering with institutional capital providers to advance projects through construction and long-term operation. Learn more at www.Bimergen.com.

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Bimergen Energy Corporation’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Bimergen Energy Corporation undertakes no duty to update such information except as required under applicable law.

Contact:
RedChip Companies Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
BESS@redchip.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Bimergen Energy (BESS) Q2 2026 revenues and earnings?

Bimergen Energy reported Q2 2026 revenues of $7.9 million and net income of $1.6 million, or $0.22 per share. According to Bimergen Energy, adjusted EBITDA for the quarter ended June 30, 2026, was $3.9 million, reflecting profitable operations.

How much adjusted EBITDA did Bimergen Energy (BESS) generate in Q2 2026?

Bimergen Energy generated $3.9 million in adjusted EBITDA for Q2 2026. According to Bimergen Energy, this figure accompanies revenues of $7.9 million and net income of $1.6 million, indicating positive operating performance in the quarter ended June 30, 2026.

What cash has Bimergen Energy (BESS) received related to its Q2 2026 revenues?

Bimergen Energy has received $11 million in cash to date related to its recorded Q2 2026 revenues. According to Bimergen Energy, it also references $2.5 million in accounts receivable and expects further revenue recognition linked to recently closed projects.

What additional revenue is Bimergen Energy (BESS) expecting after Q2 2026?

Bimergen Energy expects an additional $2.6 million in revenue to be recorded in Q3 2026. According to Bimergen Energy, this relates to a third project that closed on July 15, 2026, supplementing the $7.9 million already recognized in Q2 2026.

What is the $2.5 million milestone payment mentioned by Bimergen Energy (BESS)?

Bimergen Energy is entitled to an additional $2.5 million payment when its joint venture achieves the notice to proceed milestone. According to Bimergen Energy, this payment is tied to advancing the battery energy storage projects toward operational status within the joint venture structure.

What does Bimergen Energy’s 7.5% equity stake in three projects mean for BESS shareholders?

Bimergen Energy holds a 7.5% equity stake in three battery energy storage projects as part of transaction consideration. According to Bimergen Energy, it recorded a provisional $500,000 value in Q2 but believes the conservative appraised fair market value is significantly higher over time.

How does Bimergen Energy (BESS) expect its battery energy storage projects to generate revenue?

Bimergen Energy expects the projects to earn revenue by buying power during low-price periods and selling during high-price periods. According to Bimergen Energy, this price arbitrage model is expected to drive revenue and gross profit once the battery energy storage projects become operational.