Beam Global Annual Report - How They Did This Year

I’ve put together this guide to help you understand how Beam Global performed this past year. We’ll break down the important details so you can decide if this company belongs on your watchlist.

1. What does this company do?

Beam Global builds "off-grid" infrastructure. Instead of digging up roads to connect to the power grid, they sell products that generate and store their own electricity using solar and wind.

Their flagship product, the EV ARC™, is a transportable solar-powered charging station. It requires no construction or utility grid connection. They are now evolving into a "Smart City" company, selling everything from smart streetlights to disaster-relief systems. These include the ARC Mobility™ and the Beam Allos™ series, which can turn contaminated water into clean water using renewable energy.

2. Financial performance

Beam is in a "growth phase," spending heavily to scale up rather than focusing on immediate profit.

They reported $69.1 million in revenue for 2025, up from $54.7 million in 2024—a 26% growth rate. They reported a $27.0 million loss, compared to an $11.3 million loss in 2024, driven by higher operating costs and research investments.

Because they aren't yet profitable, they raise cash by selling more stock. This keeps the lights on, but it results in more shares issued, which dilutes existing ownership. Their average shares outstanding grew to about 13.8 million in 2025.

3. Major wins and new products

Beam is successfully moving beyond just charging cars:

• Diversifying Customers: Government contracts dropped from 62% of revenue in 2024 to 29% in 2025, showing a successful shift toward private companies and fleet operators.
• Backlog Growth: Their backlog—orders signed but not yet delivered—grew to $6.0 million, providing a cushion for future revenue.
• Global Expansion: By using their manufacturing facility in Serbia and working with third-party distributors, they’ve expanded into Europe and the Middle East to manage labor costs and logistics more effectively.

4. Why they think they’re different

Beam’s big pitch is that they are the "easy button." Traditional EV charging requires construction and permits that can take two years. Beam’s products are "plug-and-play," delivered and operational in under an hour without disturbing the pavement. They also function during blackouts, making them a unique solution for emergency response.

5. Key risks for investors

• Cash Burn: With an accumulated loss of $131.6 million, the company relies on raising capital to fund operations. Any difficulty in raising funds could force them to cut research or face a cash shortage.
• Customer Concentration: A large portion of revenue comes from a few big clients; losing a major account could cause a significant dip in income.
• Integration Challenges: Acquisitions like Beam Europe are complex and expensive, requiring significant management focus.
• Market Dependency: Their success is tied to the speed of EV adoption. If the transition to electric vehicles slows, the demand for their "emergency" charging solutions may decrease.

6. Future outlook

Beam is betting that the world’s transition to electricity will outpace the grid’s ability to supply it. They are focused on owning their manufacturing to lower costs and improve margins. Their goal is to transition from a hardware provider to an energy-as-a-service company, aiming to reach positive cash flow as they scale.

Investor Takeaway: Beam Global offers a unique, high-growth solution to grid limitations, but it comes with the risks typical of an early-stage company: consistent cash burn and reliance on external funding. If you are considering an investment, watch their ability to convert their $6.0 million backlog into revenue and their progress toward narrowing that $27.0 million annual loss.