Beam Global FY2025 revenue down 43% to $28.2M; Q4 revenue up 7% YoY, commercial mix shifts

Beam Global

FY2025 revenue $28.2M vs $49.3M in 2024; Q4 2025 revenue $9.0M, up 7% YoY and 56% QoQ.
GAAP net loss before tax $27.4M; non-GAAP loss $9.5M vs $8.6M in prior year.
Non-GAAP gross margin improved to 23% from 21%; operating expenses (ex-non-cash) down 17% YoY.
Backlog $9.0M at March 31, 2026; no debt, $100M unused credit line.
Commercial revenue grew to 72% of total from 38% in 2024, offsetting federal EV order halt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Beam Global reported the year ended December 31, 2025 results: revenue $28.2 million.

Period: the year ended December 31, 2025
Revenue: $28.2 million
Result: reported results

Exact text from the filing

Summary Revenues Fourth quarter 2025 revenue was $9.0 million, an increase of 7% year-over-year and 56% over the prior quarter. For the year ended December 31, 2025, revenue was $28.2 million compared to $49.3 million in 2024. The decline was primarily driven by the cessation of U.S. federal government EV charging infrastructure orders as a result of the reversal of

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Source: SEC EDGAR

accession 0001437749-26-011917

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