Beam Global Reports Full Year 2025 Operating Results

Beam Global announced its operating results for the year ended December 31, 2025. The company experienced a significant shift in sales, with revenue from non-U.S. government customers increasing by approximately 50% year-over-year. Total revenue for the year was $28.2 million, a decrease from $49.3 million in 2024, primarily due to the cessation of U.S. federal government EV charging infrastructure orders. Gross profit for 2025 was $3.5 million (13% margin), down from $7.3 million (15% margin) in 2024. However, excluding non-cash items, the non-GAAP gross margin improved to 23% in 2025 from 21.2% in 2024. Operating expenses for 2025 were $31.1 million, including a $10.8 million goodwill impairment. Excluding non-cash items, operating expenses decreased by 17% year-over-year. The company reported a net loss of $27.0 million for 2025, compared to a net loss of $11.3 million in 2024. Despite the challenges, Beam Global highlighted operational achievements including international expansion, the launch of new products like an autonomous wireless charging system, and strengthened intellectual property. The company ended the year with a backlog of $6.0 million, which increased to $9.0 million by March 31, 2026.