Beam Global BEEM
Beam is a sustainable technology innovation company headquartered in San Diego, California with offices in the U.S. in San Diego, California and Broadview, Illinois; in Europe in Belgrade and Kraljevo, Serbia; and in Abu Dhabi, United Arab Emirates ("UAE"). We develop, design, engineer, manufacture, and sell high-quality, rapidly-deployed and autonomous infrastructure products for electric vehicle ("EV") and autonomous vehicle ("AV") charging, energy security and disaster preparedness and highly energy-dense battery solutions in safe, compact, unique and bespoke form-factors which we believe are ideal for the rapidly growing mobile and stationary equipment product market which often requires electrical energy without being connected to the electrical grid. Additionally, we manufacture structures with integrated intelligence and electronics such as streetlighting, cell towers and energy infrastructure products for Smart Cities (the interconnected physical and digital elements within a city that utilize technology to enhance efficiency, sustainability, and quality of life for residents). We further design, engineer and manufacture specialized power electronics including inverters, charge controllers, power supplies and LED lighting.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.2M | $49.3M | $67.4M | $22.0M | $9.0M | $6.2M | $5.1M | $6.2M | $1.4M | $2.8M |
| Cost of revenue | $24.7M | $42.0M | $66.1M | $23.7M | $10.0M | $6.9M | $5.3M | $6.4M | $1.9M | $2.9M |
| Gross profit | $3.5M | $7.3M | $1.2M | -$1.7M | -$972.0K | -$711.0K | -$153.8K | -$192.1K | -$472.8K | -$144.7K |
| R&D | $600.0K | $1.8M | $2.3M | $1.2M | $400.0M | $261.6K | $412.6K | $164.1K | $1.8K | $3.5K |
| Total operating expenses | — | $19.0M | $17.5M | $18.0M | $5.6M | $4.5M | $3.1M | — | — | — |
| Operating income | -$27.5M | -$11.7M | -$16.3M | -$19.7M | -$6.6M | -$5.2M | -$3.3M | -$2.5M | -$2.7M | -$2.8M |
| Interest expense | $26.0K | $34.0K | $12.0K | $1.0K | $1.0K | — | $716.3K | $1.1M | $474.6K | $275.8K |
| Pre-tax income | -$27.4M | -$11.4M | -$16.0M | -$19.7M | -$6.6M | -$5.2M | -$3.9M | -$3.6M | -$3.0M | -$2.6M |
| Income tax | $406.0K | $94.0K | $12.0K | $2.0K | $1.0K | $4.9K | $3.1K | $0 | — | — |
| Net income | -$27.0M | -$11.3M | -$16.1M | -$19.7M | -$6.6M | -$5.2M | -$3.9M | -$3.6M | -$3.0M | -$2.6M |
| EPS, basic | -1.61 | -0.77 | -1.30 | -1.99 | -0.74 | -0.84 | — | — | — | — |
| EPS, diluted | — | -0.77 | -1.30 | -1.99 | -0.74 | -0.84 | -0.88 | -1.24 | -0.02 | -0.02 |
| Shares, diluted (wtd. avg.) | $16.8K | $14.6K | $12.3M | $9.9M | $8.9M | $6.2M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $969.0K | $4.6M | $10.4M | $1.7M | $21.9M | $26.7M | $3.8M | — | — | — |
| Receivables | $8.2M | $8.0M | $15.9M | $4.4M | $3.8M | $1.8M | $764.5K | $1.3M | $5.9K | $1.2M |
| Inventory | $9.8M | $12.3M | $11.9M | $12.2M | $1.6M | $1.1M | $1.8M | $1.1M | $2.3M | $271.8K |
| Total current assets | $21.0M | $27.1M | $40.7M | $19.9M | $27.6M | $29.9M | $6.6M | $2.9M | $2.8M | $1.5M |
| Property, plant and equipment | $13.1M | $13.7M | $16.5M | $1.5M | $650.0K | $235.0K | $103.0K | $133.2K | $226.1K | $293.0K |
| Goodwill | $0 | $10.6M | $10.3M | $4.6M | $0 | — | — | — | — | — |
| Other intangibles | $7.1M | $8.0M | $9.1M | $9.9M | $359.0K | $293.8K | $205.2K | $131.6K | $75.3K | $73.4K |
| Total assets | $42.7M | $61.5M | $77.6M | $37.7M | $30.7M | $32.9M | $7.3M | $3.5M | $3.2M | $2.1M |
| Accounts payable | $5.9M | $9.0M | $9.7M | $2.9M | $1.6M | $727.9K | $485.0K | $1.4M | $486.7K | $873.0K |
| Short-term debt | — | — | — | — | — | — | $0 | $286.5K | $20.6K | — |
| Total current liabilities | $12.1M | $13.3M | $16.9M | $13.2M | $3.0M | $1.8M | $1.5M | $5.7M | $3.6M | $3.4M |
| Total liabilities | $17.9M | $20.2M | $28.1M | $14.5M | $4.7M | $3.8M | $1.5M | $6.0M | $3.6M | $3.4M |
| Retained earnings | -$131.6M | -$104.6M | -$93.4M | -$77.3M | -$57.6M | -$51.0M | -$45.8M | -$41.9M | -$38.3M | -$35.2M |
| Total equity | $24.8M | $41.3M | $49.5M | $23.2M | $26.0M | $29.2M | $5.8M | -$2.5M | -$349.3K | -$1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.5M | -$2.2M | -$13.3M | -$18.1M | -$6.4M | -$4.1M | -$4.8M | -$712.5K | -$3.4M | -$1.8M |
| Depreciation and amortisation | $3.5M | $3.7M | $1.9M | $400.0K | $100.0K | $36.5K | $37.3K | $60.1K | $69.4K | $102.4K |
| Stock-based compensation | $3.0M | $3.6M | $2.7M | $2.0M | — | — | $404.8K | $349.1K | $220.1K | $442.9K |
| Capital expenditure | $418.0K | $828.0K | $937.0K | $872.0K | $498.0K | $265.8K | $32.8K | $23.5K | $23.9K | $115.9K |
| Investing cash flow | -$482.0K | -$4.1M | -$5.7M | -$1.8M | -$582.0K | -$358.9K | -$109.6K | -$32.3K | -$26.4K | -$153.2K |
| Financing cash flow | $7.5M | $1.2M | $27.7M | -$342.0K | $2.2M | $27.4M | $8.5M | $585.3K | $3.9M | $1.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011890.
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