Revenue volatility remains extreme, evidenced by a 50.5% year-over-year decline in 2026Q1 alongside a negative gross margin of -13.3%.
Beam Global (BEEM) annual income statement — 19-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Sales/Revenue | 26.53M | 28.24M | 49.34M | 67.35M | 22M | 9M | 6.21M | 5.11M | 6.16M | 1.41M | 2.78M | 2.64M | 1.03M | 281.01K | 721.84K | 2.3M | 347.45K | 0 | 2.42M | 0 |
| Revenue Growth % | -20.49% | -42.77% | -26.75% | 206.22% | 144.33% | 44.95% | 21.5% | -17.05% | 336.42% | -49.23% | 5.26% | 155.67% | 267.75% | -61.07% | -68.66% | 562.88% | - | -100% | - | - |
| Cost of Goods Sold | 23.83M | 24.71M | 42.04M | 66.15M | 23.66M | 9.97M | 6.92M | 5.27M | 6.35M | 1.88M | 2.93M | 2.72M | 1.13M | 525.55K | 553.23K | 1.74M | 222.93K | 0 | 2.9M | 0 |
| COGS % of Revenue | - | 87.53% | 85.21% | 98.21% | 107.58% | 110.79% | 111.45% | 103.01% | 103.12% | 133.48% | 105.2% | 102.96% | 109.69% | 187.02% | 76.64% | 75.67% | 64.16% | - | 119.73% | - |
| Gross Profit | 2.7M | 3.52M | 7.3M | 1.2M | -1.67M | -971K | -710.97K | -153.77K | -192.1K | -472.75K | -144.72K | -78.23K | -100.12K | -244.54K | 168.61K | 560.35K | 124.52K | 0 | -477.07K | 0 |
| Gross Margin % | 10.17% | 12.47% | 14.79% | 1.79% | -7.58% | -10.79% | -11.45% | -3.01% | -3.12% | -33.48% | -5.2% | -2.96% | -9.69% | -87.02% | 23.36% | 24.33% | 35.84% | - | -19.73% | - |
| Gross Profit Growth % | - | -51.74% | 505.98% | 172.23% | -71.68% | -36.57% | -362.35% | 19.95% | 59.37% | -226.66% | -84.99% | 21.86% | 59.06% | -245.03% | -69.91% | 350.01% | - | 100% | - | - |
| Operating Expenses | 19.93M | 20.27M | 18.95M | 17.46M | 18.05M | 5.63M | 4.5M | 3.12M | 2.34M | 2.23M | 2.64M | 1.65M | 2.4M | 557.97K | 2.37M | 3.57M | 1.71M | 14.67K | 9.08M | 13.56K |
| OpEx % of Revenue | - | 71.8% | 38.42% | 25.93% | 82.06% | 62.52% | 72.41% | 61% | 37.93% | 157.76% | 95.05% | 62.36% | 231.92% | 198.55% | 328.16% | 155.07% | 492.38% | - | 375.31% | - |
| Selling, General & Admin | 0 | 0 | 21.57M | 14.71M | 16.85M | 5.27M | 4.24M | 2.71M | 2.33M | 430.08K | 2.64M | 1.65M | 2.4M | 557.97K | 832.23K | 1.68M | 234.26K | 14.67K | 27.98K | 13.56K |
| SG&A % of Revenue | - | - | 43.72% | 21.83% | 76.6% | 58.51% | 68.19% | 52.92% | 37.87% | 30.46% | 95.05% | 62.36% | 231.92% | 198.55% | 115.29% | 72.73% | 67.42% | - | 1.16% | - |
| Research & Development | 0 | 0 | 1.8M | 2.3M | 1.2M | 360.59K | 261.61K | 412.59K | 3.58K | 1.77K | 3.46K | 888 | 57.27K | 18.55K | 10.15K | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 3.65% | 3.41% | 5.46% | 4.01% | 4.21% | 8.07% | 0.06% | 0.13% | 0.12% | 0.03% | 5.54% | 6.6% | 1.41% | - | - | - | - | - |
| Other Operating Expenses | 4M | 20.27M | -4.42M | 460K | 0 | 0 | 0 | 0 | 3.73K | 1.76K | 0 | 0 | 2.4M | 2.19M | 1.54M | 1.9M | 1.48M | 0 | 0 | 0 |
| Operating Income | -17.23M | -16.75M | -11.66M | -16.26M | -19.72M | -6.6M | -5.21M | -3.27M | -2.53M | -2.7M | -2.79M | -1.73M | -2.5M | -2.43M | -2.2M | -3.01M | -1.59M | -14.67K | -9.55M | -13.56K |
| Operating Margin % | -64.95% | -59.33% | -23.63% | -24.14% | -89.64% | -73.31% | -83.85% | -64% | -41.05% | -191.24% | -100.26% | -65.32% | -241.6% | -866.39% | -304.8% | -130.74% | -456.54% | - | -395.04% | - |
| Operating Income Growth % | - | -43.71% | 28.31% | 17.52% | -198.77% | -26.72% | -59.18% | -29.33% | 6.33% | 3.16% | -61.55% | 30.87% | -2.55% | -10.66% | 26.93% | -89.83% | -10710.65% | 99.85% | -70364.27% | - |
| EBITDA | -12.13M | -12.22M | -7.16M | -14.4M | -18.6M | -6.47M | -5.19M | -3.23M | -2.47M | -2.63M | -2.69M | -1.59M | -2.46M | -2.39M | -2.14M | -2.95M | -1.52M | -14.67K | -9.47M | -13.56K |
| EBITDA Margin % | -45.71% | -43.28% | -14.51% | -21.38% | -84.55% | -71.92% | -83.52% | -63.21% | -40.03% | -186.33% | -96.57% | -60.06% | -237.6% | -850.6% | -296.43% | -127.92% | -438.48% | - | -391.56% | - |
| EBITDA Growth % | 38.83% | -70.76% | 50.3% | 22.57% | -187.26% | -24.82% | -60.52% | -30.99% | 6.25% | 2.05% | -69.25% | 35.37% | -2.72% | -11.71% | 27.37% | -93.38% | -10283.03% | 99.84% | -69743.14% | - |
| D&A (Non-Cash Add-back) | 5.1M | 4.53M | 4.5M | 1.86M | 1.12M | 125K | 21.04K | 40.5K | 62.84K | 69.38K | 102.44K | 139.03K | 41.39K | 44.36K | 60.43K | 65.03K | 62.74K | 0 | 84.21K | 0 |
| EBIT | -17.44M | -27.38M | -11.34M | -16.04M | -19.68M | -6.59M | -5.2M | -3.21M | -2.51M | -2.57M | -2.36M | -1.45M | -2.11M | -2.14M | -1.51M | -1.78M | -1.3M | -3.65M | -27.98K | -13.56K |
| Net Interest Income | 5K | 30K | 171K | 249K | 36K | 4K | -447 | -659.25K | -1.09M | -474.6K | -275.78K | -384.24K | -1.04M | -647.85K | -972.03K | -754.13K | -1.06M | -610.54K | 0 | 0 |
| Interest Income | 25K | 56K | 205K | 261K | 37K | 5K | 11.45K | 57.08K | 3.73K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 20K | 26K | 34K | 12K | 1K | 1K | 11.89K | 716.34K | 1.09M | 474.6K | 275.78K | 384.24K | 1.04M | 647.85K | 972.03K | 754.13K | 1.06M | 610.54K | 32.38K | 0 |
| Other Income/Expense | -315K | -10.66M | 281K | 213K | 36K | 4K | -447 | -659.25K | -1.07M | -340.23K | 156.48K | -111.92K | -647.88K | -357.64K | -279.79K | 476.87K | -773.27K | -576.85K | 9.53M | 0 |
| Pretax Income | -17.54M | -27.41M | -11.38M | -16.05M | -19.68M | -6.59M | -5.21M | -3.93M | -3.6M | -3.04M | -2.63M | -1.84M | -3.14M | -2.79M | -2.48M | -2.53M | -2.36M | 0 | -9.59M | 0 |
| Pretax Margin % | -66.13% | -97.07% | -23.06% | -23.83% | -89.47% | -73.26% | -83.86% | -76.9% | -58.4% | -215.34% | -94.63% | -69.56% | -304.3% | -993.66% | -343.57% | -110.04% | -679.1% | - | -396.38% | - |
| Income Tax | -406K | -406K | -94K | 12K | 2K | 1K | 4.94K | 3.1K | 19.99K | 800 | 1.6K | 1.6K | 1.6K | 1.6K | 1.75K | 13.16K | 1.33K | 14.67K | 9.42K | 13.56K |
| Effective Tax Rate % | 2.31% | 1.48% | 0.83% | -0.07% | -0.01% | -0.02% | -0.09% | -0.08% | -0.56% | -0.03% | -0.06% | -0.09% | -0.05% | -0.06% | -0.07% | -0.52% | -0.06% | - | -0.1% | - |
| Net Income | -17.14M | -27M | -11.28M | -16.06M | -19.68M | -6.6M | -5.21M | -3.93M | -3.6M | -3.04M | -2.63M | -1.84M | -3.15M | -2.79M | -2.48M | -2.55M | -2.36M | -14.67K | -9.6M | -13.56K |
| Net Margin % | -64.6% | -95.63% | -22.87% | -23.84% | -89.48% | -73.27% | -83.94% | -76.96% | -58.4% | -215.39% | -94.69% | -69.62% | -304.45% | -994.22% | -343.81% | -110.61% | -679.49% | - | -396.77% | - |
| Net Income Growth % | 25.91% | -139.35% | 29.75% | 18.4% | -198.39% | -26.53% | -32.51% | -9.31% | -18.33% | -15.49% | -43.16% | 41.53% | -12.61% | -12.58% | 2.58% | -7.91% | -15989.76% | 99.85% | -70672.55% | - |
| Net Income (Continuing) | -17.14M | -27M | -11.28M | -16.06M | -19.68M | -6.6M | -5.21M | -3.93M | -3.6M | -3.04M | -2.63M | -1.84M | -3.15M | -2.79M | -2.48M | -2.55M | -2.36M | -14.67K | -27.98K | -13.56K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.78 | -1.61 | -0.77 | -1.30 | -1.99 | -0.74 | -0.84 | -0.88 | -1.24 | -1.19 | -1.17 | -0.91 | -1.85 | -2.01 | -2.24 | -2.68 | -3.03 | -0.03 | -16.81 | -0.06 |
| EPS Growth % | 43.57% | -109.09% | 40.77% | 34.67% | -168.92% | 11.9% | 4.55% | 29.03% | -4.2% | -1.71% | -28.57% | 50.81% | 7.96% | 10.27% | 16.42% | 11.55% | -10569.01% | 99.83% | -28247.39% | - |
| EPS (Basic) | - | -1.61 | -0.77 | -1.30 | -1.99 | -0.74 | -0.84 | -0.88 | -1.24 | -1.19 | -1.17 | -0.91 | -1.85 | -2.01 | -2.24 | -2.68 | -3.03 | -0.03 | -16.81 | -0.06 |
| Diluted Shares Outstanding | 21.89M | 16.81M | 14.62M | 12.35M | 9.91M | 8.88M | 6.17M | 4.47M | 2.89M | 2.55M | 2.25M | 2.01M | 1.7M | 1.39M | 1.11M | 948.8K | 778.48K | 516.9K | 570.77K | 228.8K |
| Basic Shares Outstanding | 21.89M | 16.81M | 14.62M | 12.35M | 9.91M | 8.88M | 6.17M | 4.47M | 2.89M | 2.55M | 2.25M | 2.01M | 1.7M | 1.39M | 1.11M | 948.8K | 778.48K | 516.9K | 570.77K | 228.8K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying BEEM stock.
For fiscal year 2025, Beam Global (BEEM) reported total revenue of $28.2M.
Beam Global (BEEM) reported a net loss of $27.0M for the fiscal year ending 2025.
Beam Global (BEEM) reported an operating income of $-16.8M, resulting in an operating profit margin of -59.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Beam Global (BEEM) generated $3.5M in gross profit for the year, representing a gross profit margin of 12.5%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Liquidity and Revenue Volatility
Metrics are mathematically derived from official filings.
Revenue Contraction Signals Structural Headwinds
As reported in recent financial filings, Beam Global experienced a severe 50.5% year-over-year revenue decline in 2026Q1, highlighting the extreme volatility inherent in its project-based, government-dependent sales model which has struggled to maintain consistent momentum following the peak revenue levels observed in late 2023.
The sharp drop in top-line performance suggests that the company's reliance on lumpy, non-recurring government contracts leaves it highly susceptible to procurement delays. Investors should monitor whether this trend reflects a permanent shift in demand or merely the timing of specific, large-scale infrastructure deployments.
Gross Margin Volatility Impedes Scalability
Based on the provided income statement data, gross margins have fluctuated wildly, reaching a negative 13.3% in 2026Q1, which indicates that the company is currently unable to consistently cover its variable manufacturing costs, let alone achieve the economies of scale required for sustainable profitability.
The inability to maintain positive gross margins suggests that the company lacks significant pricing power and remains vulnerable to fluctuations in commodity input costs. This margin instability appears to be a primary barrier to achieving a viable business model in the competitive EV infrastructure space.
Operating Leverage Remains Deeply Negative
According to the latest quarterly results, the company's operating margin of -59.33% underscores a fundamental failure to achieve operating leverage, as fixed overhead costs continue to significantly outpace the gross profit generated by its current, diminished volume of hardware sales and product deployments.
The persistent gap between revenue and operating expenses suggests that the current cost structure is misaligned with the company's actual market scale. Without a substantial increase in unit volume or a pivot to higher-margin services, the company appears likely to continue burning capital at an unsustainable rate.
Earnings Quality Diluted by Expenses
Analysis of the income statement reveals that net income is consistently pressured by significant stock-based compensation and high operating expenses, with 2026Q1 net losses reaching $6.9 million, a figure that highlights the ongoing challenge of achieving bottom-line stability in a capital-intensive manufacturing environment.
The recurring nature of these losses, combined with the reliance on equity-based compensation, suggests that shareholders face ongoing dilution risks. Investors should scrutinize the sustainability of these losses, as they appear to be structural rather than transitory in nature.
Liquidity Constraints Threaten Operational Continuity
With cash and equivalents falling below $1 million as indicated in recent disclosures, the company faces a critical liquidity risk that may necessitate immediate, dilutive financing to maintain operations, especially given the ongoing negative cash flow and the lack of a clear path to profitability.
The combination of a shrinking revenue base and a precarious cash position warrants extreme caution, as the company's ability to fund its R&D and manufacturing requirements is increasingly in doubt. This financial profile suggests that the company may be forced to prioritize survival over long-term strategic growth.