Beam Global filings document a Nasdaq-listed Nevada operating company that develops and manufactures infrastructure products for EV charging, energy security and smart city applications. The company’s Form 8-K reports cover operating results, material definitive agreements, headquarters lease matters, executive changes, stockholder meeting votes and related exhibits.
Its SEC disclosures also cover annual-report timing through Form 12b-25, public-company governance, board elections, advisory compensation votes, auditor ratification, common-stock voting results and the corporate facilities footprint supporting operations in the United States, Serbia and the United Arab Emirates.
Beam Global reported a weak first quarter of 2026 as revenue and margins declined sharply, partly offset by strong backlog growth and improved liquidity. Revenue for the three months ended March 31, 2026 was $3.1 million, down 51% from $6.3 million a year earlier, mainly due to order timing, a seasonally slow European quarter and reduced U.S. federal EV infrastructure spending.
The company posted a gross loss of $0.4 million, for a gross margin of -13.3%, compared with a 7.9% gross margin in 2025, though management notes fixed overhead on lower volume drove much of the decline and cites non-GAAP product margins above 30%. Operating expenses were $6.3 million versus $16.0 million, with the prior period including a $10.8 million goodwill impairment; excluding that, expenses rose mainly from a $1.8 million credit loss provision.
Net loss narrowed to $6.9 million or $(0.33) per share from $15.5 million or $(1.04), but non-GAAP net loss before tax increased modestly to $3.7 million from $3.0 million. Backlog increased 50% to $9.0 million, and management states Q2 2026 revenue to date already exceeds total Q1 2026 revenue. Working capital was $6.2 million at March 31, 2026, and the company highlights having no debt of significance plus an unused $100 million credit line.
Beam Global reported a weak first quarter of 2026, with revenue falling 51% to $3.1 million from $6.3 million a year earlier as order timing and reduced U.S. federal demand weighed on results. The shift in mix toward commercial and international customers lifted non-government revenue to 78% of the total and increased international revenue to 51%.
The company posted a gross loss of $0.4 million, a negative gross margin of 13.3%, versus a $0.5 million gross profit and 7.9% margin in 2025, reflecting lower volume and fixed-cost under-absorption. Net loss narrowed to $6.9 million, or $0.33 per share, from $15.5 million, or $1.04 per share, mainly because the prior period included a $10.8 million goodwill impairment.
Beam used $2.3 million of cash in operating activities and ended March 31, 2026 with $2.0 million of cash and $6.2 million of working capital. It raised $3.4 million through its at-the-market equity program and still has $11.9 million capacity, plus an undrawn $100 million supply-chain credit facility. Management reserved an additional $1.8 million for credit losses tied to a single customer and increased the allowance to $2.8 million. Backlog rose to about $9.0 million, up from $6.0 million at year-end, led by Smart Cities and energy storage products. Management believes existing resources and converting receivables will fund operations for at least twelve months but acknowledges ongoing losses and potential need for further capital. Disclosure controls were deemed ineffective due to material weaknesses in internal control.
Beam Global reports that its landlord, PNN Holdings, LP, has exercised its right to terminate the lease for the company’s San Diego headquarters at 5660 Eastgate Drive. The lease, previously extended to expire on September 30, 2026, will now end on July 26, 2026.
The company states the early termination will not result in any material penalties and it does not expect material ongoing obligations under the lease after that date. Beam Global is evaluating options for a new headquarters and does not expect this change to have a material adverse effect on its operations, noting additional facilities in Chicago, Serbia and Abu Dhabi.
Beam Global reported a sharp downturn in 2025 results as it shifts away from U.S. federal EV-charging orders toward commercial and international customers. Full-year revenue was $28.2 million, down from $49.3 million in 2024, while fourth-quarter revenue grew to $9.0 million, up 7% year over year and 56% sequentially.
Gross profit for 2025 was $3.5 million with a 12.5% GAAP margin, and non-GAAP gross margin improved to 23.0%. Operating expenses rose to $31.1 million, including a $10.8 million goodwill impairment, driving net loss to $27.0 million versus $11.3 million in 2024 and a basic/diluted loss per share of $1.61. Management highlights diversification into smart cities, energy security, and international markets, while emphasizing non-GAAP cost reductions and continued balance-sheet strength.
Beam Global is a sustainable technology company that designs and manufactures off-grid EV and AV charging, energy storage, Smart Cities infrastructure and specialized power electronics across the U.S., Europe and the Middle East. Its products include EV ARC™, BeamSpot™, BeamBike™, BeamPatrol™, BeamSkoot™ and BeamWell™, all focused on rapidly deployed, construction-free, renewably powered infrastructure.
The company is expanding geographically through acquisitions in Serbia and a joint venture in Abu Dhabi, and broadening its customer base beyond U.S. government agencies into corporate and international markets. As of June 30, 2025, non‑affiliate equity market value was about $23.3 million, and as of April 7, 2026 there were 21,136,983 common shares outstanding. Beam reported net losses of $27.0 million in 2025 and $11.3 million in 2024, with an accumulated deficit of $131.6 million, and warns it will need additional capital to fund operations and growth.
Beam Global notified the SEC on Form 12b-25 that it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and expects to use the 15-calendar day grace period under Rule 12b-25 to file the report. The company provided preliminary results: revenues ~ $28.2 million, gross margin ~ 12.5%, and working capital ~ $9.3 million. The figures are preliminary, subject to completion of the audited financial statements, and may change.
Beam Global entered into a second lease extension agreement for its headquarters at 5660 Eastgate Drive, San Diego, California. The new extension runs for seven months, from March 1, 2026 through September 30, 2026.
During this extension term, the company will pay monthly base rent of $62,400 plus $9,080 for common area maintenance and other triple-net charges, for a total monthly payment of $71,480. The landlord may terminate the lease at any time with 90 days’ prior written notice, while all other original lease terms remain in effect.
Beam Global reported that its Chief Financial Officer, Lisa A. Potok, received an award of employee stock options on 01/13/2026. The grant covers options to purchase 100,000 shares of Beam Global common stock at an exercise price of $1.77 per share.
The option vests and becomes exercisable immediately and is scheduled to expire on 01/12/2036. Following this grant, Potok beneficially owns 175,000 stock options directly.
Beam Global director reports new restricted stock award
A Beam Global director filed a report showing a grant of 71,577 shares of common stock on January 6, 2026. This is a restricted stock award, meaning the shares vest over time rather than all at once.
According to the disclosure, 25% of the shares vest on each of March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. The reference per-share price for the award was $1.75, based on the average daily closing price of Beam Global's common stock from December 1, 2025 to December 31, 2025. After this grant, the director beneficially owns 133,019 Beam Global shares directly.
Beam Global director Anthony L. Posawatz received a restricted stock award of 71,577 common shares on January 6, 2026. The award was valued using a reference price of $1.75 per share, based on the average daily closing price of Beam Global’s stock from December 1 to December 31, 2025. The shares vest in four equal installments of 25% each on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. After this grant, Posawatz directly beneficially owned 202,111 common shares of Beam Global.