BEEM Beam Global

Overview and Growth

Beam Global generated $28.24M of revenue in fiscal 2025, with net loss of $27.00M and an operating cash outflow of $10.48M. At $28.24M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $49.34M in fiscal 2024, revenue decreased 42.8%, a top-line contraction that reduced operating scale. Total assets stood at $42.73M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.66x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $3.52M as gross profit before recognizing operating expenses and other items. Gross margin was 12.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $27.53M, reflecting costs that exceeded gross profit. An operating margin of -97.5% reflected costs exceeding revenue-level gross profit by 97.5% of sales. After all below-operating-line items, the company recorded a net loss of $27.00M for the fiscal year. Measured against revenue, the bottom-line deficit represented 95.6% after all recognized items. The company reported negative EBITDA of $24.01M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company reported a pretax loss of $27.41M, before the effect of income taxes. Pretax margin was -97.1%, reflecting a pre-tax loss equal to 97.1% of revenue. The reported tax benefit was $406.00K, favorably bridging the pretax and after-tax results. The loss-to-equity relationship was 108.7%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 63.2%. The net loss widened to $27.00M from $11.28M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $42.73M, supported by $17.89M of liabilities and $24.84M of shareholder equity. Current assets were $21.04M against $12.11M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.74x, leaving a positive buffer for near-term obligations. The company held $969.00K in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 8.0%, excluding receivables and other current assets. Equity equaled 58.1% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 41.9%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 2.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $61.46M in fiscal 2024, the current asset base moved 30.5% and finished lower. Against $41.29M of equity in fiscal 2024, the current book-equity balance moved 39.8% and ended lower. Cash and equivalents were 78.8% lower than fiscal 2024 cash of $4.57M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $10.48M of cash, resulting in an operating cash outflow for the year. Capital spending of $418.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $10.90M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 38.6%. Relative to total assets, the post-investment cash deficit measured 25.5%. Compared with a $2.19M operating cash outflow in fiscal 2024, the current outflow increased to $10.48M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.