Quarterly ResultApr 9, 2026, 04:42 PM
Beam Global Reports Strong 2025 with Backlog Surging to $9M, Commercial Revenue Growing to 72%, and Major International Expansion
AI Summary
Beam Global announced its operating results for the year ended December 31, 2025, highlighting significant financial and operational growth. The company reported a substantial increase in backlog to $9.0 million by March 31, 2026, and a strategic shift in revenue composition, with commercial revenue growing to 72% in 2025 from 38% in 2024. This diversification, driven by new product launches and international expansion, positions Beam Global for continued growth amidst evolving market dynamics. The company also strengthened its financial position with no debt and a $100 million unused line of credit, supporting future initiatives.
Key Highlights
- Backlog increased to $9.0 million by March 31, 2026, up from $6.0 million at December 31, 2025, with 50% of the latter derived from international sources.
- Commercial revenue grew significantly to 72% of total revenue in 2025, a substantial increase from 38% in 2024, reflecting a strategic shift away from U.S. government sales.
- Gross Margin for Q4 2025 reached 18%, with the full year 2025 gross margin at 13%, or 23% excluding non-cash items.
- Formed Beam Middle East, a 50/50 joint venture with Platinum Group UAE, headquartered in Masdar City, Abu Dhabi, to expand sales across the Middle East and Africa.
- Launched a patented autonomous wireless charging system for autonomous vehicles and expanded the battery business through partnerships with a Fortune 500 automotive manufacturer and an innovative drone manufacturer.
- Secured key contracts including a renewal of the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) contract through October 31, 2030, and a Sourcewell purchasing contract for North American government and educational institutions.