Beam Global (NASDAQ: BEEM) delays 10-Q but guides to higher Q2 2026 revenue

Rhea-AI Filing Summary

Beam Global filed a notice that its Form 10-Q for the quarter ended June 30, 2026 will be late, citing time and resources devoted to relocating its corporate headquarters in San Diego and establishing a new manufacturing and warehouse facility in Yuma, Arizona. The company expects to file within the five-calendar-day grace period allowed under Rule 12b-25.

Based on preliminary, unaudited figures for the quarter, Beam Global expects revenue of about $8.6 million, up from approximately $7.1 million a year earlier, and gross margin of about 17.8%, down from roughly 20.3%. The company anticipates a net loss of about $3.1 million, improving from a loss of about $4.3 million, and working capital of about $5.5 million as of June 30, 2026. Management notes that these figures are subject to ongoing review and may change in the final Form 10-Q.

Positive

• Revenue grew about 21% year over year to approximately $8.6 million for the quarter ended June 30, 2026, indicating higher sales activity despite operational disruption from facility relocations.
• Net loss narrowed to about $3.1 million from approximately $4.3 million in the prior-year quarter, suggesting improved bottom-line performance even with lower gross margin.

Negative

• Form 10-Q filing is delayed due to headquarters and manufacturing relocation activities, requiring use of the Rule 12b-25 five-day grace period.
• Gross margin is expected to decline to approximately 17.8% from about 20.3% in the prior-year quarter, indicating reduced profitability per dollar of revenue.

Key Figures

Q2 2026 Revenue: $8.6 million Q2 2025 Revenue: $7.1 million Year-over-year Revenue Change: 21% +5 more

8 metrics

Q2 2026 Revenue $8.6 million Approximate revenue for the three months ended June 30, 2026

Q2 2025 Revenue $7.1 million Approximate revenue for the three months ended June 30, 2025

Year-over-year Revenue Change 21% Approximate increase in revenue Q2 2026 vs. Q2 2025

Q2 2026 Gross Margin 17.8% Approximate gross margin for the three months ended June 30, 2026

Q2 2025 Gross Margin 20.3% Approximate gross margin for the three months ended June 30, 2025

Q2 2026 Net Loss $3.1 million Approximate net loss for the three months ended June 30, 2026

Q2 2025 Net Loss $4.3 million Approximate net loss for the three months ended June 30, 2025

Working Capital $5.5 million Approximate working capital as of June 30, 2026

Key Terms

Rule 12b-25, gross margin, working capital, forward-looking statements

4 terms

Rule 12b-25 regulatory

"The Company expects to file the Form 10-Q within the fifth-calendar day grace period, as provided by Rule 12b-25"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

gross margin financial

"gross margin of approximately 17.8%, a decrease from approximately 20.3%"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

working capital financial

"and (iv) working capital of approximately $5.5 million as of June 30, 2026"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

forward-looking statements regulatory

"This Notification of Late Filing on Form 12b-25 contains forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

Why is Beam Global (BEEM) delaying its Q2 2026 Form 10-Q filing?

Beam Global is delaying its Q2 2026 Form 10-Q because relocating its San Diego headquarters and opening a new Yuma, Arizona facility required significant staff time. This slowed the compilation and review of financial information needed to complete the report on time.

When does Beam Global (BEEM) expect to file the delayed Q2 2026 Form 10-Q?

Beam Global expects to file the delayed Q2 2026 Form 10-Q within the five-calendar-day grace period allowed by Rule 12b-25. The company is using this extension to finish reviewing and finalizing the quarterly financial information.

What preliminary Q2 2026 revenue is Beam Global (BEEM) guiding to?

Beam Global expects Q2 2026 revenue of about $8.6 million, up from approximately $7.1 million a year earlier. This represents roughly a 21% year-over-year increase, based on the company’s preliminary, unaudited financial information.

How is Beam Global’s (BEEM) profitability expected to change in Q2 2026?

Beam Global anticipates a gross margin of about 17.8%, down from roughly 20.3%, but a net loss of about $3.1 million versus $4.3 million last year. This indicates lower margin but a smaller overall loss, based on preliminary figures.

What is Beam Global’s (BEEM) expected working capital as of June 30, 2026?

Beam Global expects to report working capital of about $5.5 million as of June 30, 2026. This preliminary figure reflects the company’s short-term liquidity position and may be adjusted when the final Form 10-Q is filed.

Are Beam Global’s (BEEM) Q2 2026 numbers final in this late-filing notice?

No. Beam Global states the Q2 2026 figures are preliminary and unaudited. Management’s review is ongoing, and the numbers may change once review procedures are complete and the Form 10-Q is officially filed.

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

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Available on EDGAR 08/14/2026 - 04:18 PM Accepted by SEC EDGAR 08/14/2026 - 04:08 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One) ☐ Form 10-K        ☐ Form 20-F       ☐ Form 11-K       ☒ Form 10-Q       ☐ Form 10-D       ☐ Form N-CEN        ☐ Form N-CSR

For Period Ended: June 30, 2026

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

For the Transition Period Ended: ________________________

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Beam Global

Full Name of Registrant:

Former Name if Applicable

6370 Nancy Ridge Drive, Suite 105

Address of Principal Executive Office (Street and Number)

San Diego, CA 92121

City, State, Zip Code

PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof could not be filed within the prescribed time period.

Beam Global (the “Company”) is unable to timely file with the Securities and Exchange Commission (the “Commission”) its Form 10-Q for the quarter ended June 30, 2026. During the quarter and the subsequent period, the Company relocated its corporate headquarters in San Diego, California and established a new manufacturing and warehouse facility in Yuma, Arizona. These relocation activities required sufficient time and attention from the Company’s personnel and, as a result, the compilation, dissemination, review and finalization of the information required to be presented in the report could not be completed within the prescribed time period without unreasonable effort or expense.

The Company expects to file the Form 10-Q within the fifth-calendar day grace period, as provided by Rule 12b-25 of the Securities Exchange Act of 1934.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification:

Lisa A. Potok		858		321-2223
(Name)		(Area Code)		(Telephone No.)

(2)	Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
	☒ Yes ☐ No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	☒ Yes ☐No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

The Company expects to report the following for the three months ended June 30, 2026, as compared to the three months ended June 30, 2025; (i) revenues of approximately $8.6 million, an increase of approximately 21% from approximately $7.1 million; (ii) gross margin of approximately 17.8%, a decrease from approximately 20.3%; (iii) a net loss of approximately $3.1 million, a decrease from a net loss of approximately $4.3 million; and (iv) working capital of approximately $5.5 million as of June 30, 2026.

The foregoing financial information is preliminary and unaudited. Management’s review is ongoing, and the information remains subject to the completion of the Company’s review, and may be adjusted as a result of such procedures. Accordingly, such information may differ from the amounts that will be reported in the Company’s quarterly report on Form 10-Q.

This Notification of Late Filing on Form 12b-25 contains forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this notice and we assume no obligation to update the information included in this notice. Such forward-looking statements include information concerning our possible or assumed future results of operations. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements.  

Beam Global

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 14, 2026	By:	/s/ Lisa A. Potok
	Name:	Lisa A. Potok
	Title:	Chief Financial Officer