Beam

Beam Global (Nasdaq: BEEM) is a San Diego-based clean technology company that manufactures and deploys off-grid solar EV charging infrastructure, energy storage systems, and smart city products.

Updated 6 Jun 2026 Reviewed by 7wData

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Beam Global designs and sells off-grid solar-powered EV charging stations, battery storage systems, and smart city infrastructure products for government, commercial, and residential customers.

Beam Global (Nasdaq: BEEM) is a San Diego-based clean technology company that manufactures and deploys off-grid solar EV charging infrastructure, energy storage systems, and smart city products. The company reported Q1 2026 revenue of $3.1 million, down 51% from $6.3 million a year earlier, with a gross loss of $0.4 million (negative 13.3% margin) versus a $0.5 million gross profit in Q1 2025. Net loss narrowed to $6.9 million from $15.5 million, which included a $10.8 million goodwill impairment in the prior year.

Backlog grew 50% to $9.0 million as of March 31, 2026, led by smart city and energy storage products. International revenue rose to 51% of total, and non-government commercial revenue increased 48% year-over-year to 78% of total. The company ended the quarter with $2.0 million cash, $6.2 million working capital, and an undrawn $100 million supply-chain credit facility.

It raised $3.4 million through its at-the-market equity program in Q1. CEO Desmond Wheatley stated that Q2 2026 revenue through May 15 had already exceeded total Q1 revenue. Beam Global operates facilities in Broadview, Illinois; Belgrade and Kraljevo, Serbia; and Abu Dhabi, UAE.

The company disclosed material weaknesses in internal control over financial reporting and reserved an additional $1.8 million for credit losses tied to a single customer. Beam Global is distinct from the AI compute platform Beam.cloud; the two entities are unrelated.

Who buys this

Municipal and county governments deploying EV charging for public fleets and transit
Federal government agencies through GSA and Sourcewell procurement channels
Commercial real estate developers and property managers adding EV charging infrastructure
European smart city infrastructure buyers (municipalities in Romania, Croatia, Montenegro, Serbia, Italy)
Drone operators and defense contractors requiring portable battery systems

Publicly disclosed clients

City of Long Beach, California
Stanislaus County, California
SEGRO (European industrial property developer)
Platinum Group UAE (joint venture partner for Middle East expansion)

Strengths and what to watch

Strengths

Proprietary off-grid EV ARC charging systems require no grid connection, enabling rapid deployment in locations without existing charging infrastructure.
Diversifying revenue away from U.S. federal government: non-government commercial revenue reached 78% of total in Q1 2026, up from 48% a year earlier.
No debt and an undrawn $100 million supply-chain credit facility provide financial flexibility despite operating losses.

Watch for

Revenue halved in Q1 2026 and gross margins turned negative, driven by order timing and reduced U.S. federal EV spending; fixed-cost under-absorption remains a risk at lower volumes.
The company reserved $1.8 million for credit losses on a single customer, raising the allowance to $2.8 million, indicating potential collection risk.
Material weaknesses in internal control over financial reporting were disclosed, and the company continues to report net losses, raising questions about long-term cash sustainability.

Recent moves

Key Information

Industry: GPU Cloud / Infra
Founded: 2021
Headquarters: San Diego

Frequently Asked Questions

What does Beam Global do?

Beam Global designs and sells off-grid solar-powered EV charging stations, battery storage systems, and smart city infrastructure products. The company serves government, commercial, and residential customers with its proprietary EV ARC systems that require no grid connection.

How did Beam Global perform financially in Q1 2026?

Beam Global reported Q1 2026 revenue of $3.1 million, down 51% from $6.3 million a year earlier. The company had a gross loss of $0.4 million and a net loss of $6.9 million, though backlog grew 50% to $9.0 million.

What are Beam Global's EV ARC charging systems?

Beam Global's EV ARC systems are off-grid solar-powered EV charging stations that require no grid connection. This enables rapid deployment in locations without existing charging infrastructure, making them suitable for government fleets, commercial properties, and smart city projects.

Who are Beam Global's main customers?

Beam Global's customers include municipal and county governments, federal agencies, commercial real estate developers, and European smart city buyers. Notable clients include the City of Long Beach, Stanislaus County, SEGRO, and Platinum Group UAE.

What are the key risks for Beam Global?

Key risks include a 51% revenue decline in Q1 2026, negative gross margins, a $1.8 million credit loss reserve for a single customer, material weaknesses in internal controls, and ongoing net losses that raise questions about long-term cash sustainability.

How is Beam Global diversifying its revenue?

Beam Global is diversifying away from U.S. federal government contracts. In Q1 2026, non-government commercial revenue reached 78% of total, up from 48% a year earlier, and international revenue rose to 51% of total sales.

Sources

finance.yahoo.com — Q1 2026 revenue of $3.1 million, backlog of $9.0 million, international revenue 51%, non-government commercial revenue 78%, cash position, credit facility, and CEO commentary.
www.stocktitan.net — Detailed financial results: revenue decline, gross loss, net loss, operating cash flow, allowance for credit losses, material weaknesses in internal controls.
beamforall.com — Corporate overview, facilities locations, stock ticker, investor data, and press release links.
beamforall.com — Deployment of six EV ARC systems for City of Long Beach in June 2026.
beamforall.com — Deployment of ten EV ARC systems for Stanislaus County in April 2026.