Beam Global Reports 51% Revenue Drop, Gross Loss in Q1 2026; Relies on ATM for Liquidity
BEEM sits 30% above its 52-week low of $1.335.
Summary
Beam Global reported a sharp 51% revenue decline and a gross loss in Q1 2026, with an increased adjusted net loss, and continues to rely on dilutive ATM financing to maintain liquidity.
Key Events · Earnings and Guidance · BEEM
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Q1 2026 Revenue Decline
Revenues for the three months ended March 31, 2026, decreased 51% to $3.1 million, compared to $6.3 million for the same period in 2025.
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Shift to Gross Loss
The company reported a gross loss of $0.4 million (negative 13.3% margin) in Q1 2026, a significant drop from a gross profit of $0.5 million (7.9% margin) in Q1 2025.
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Adjusted Net Loss Worsens
Net loss was $6.9 million in Q1 2026. This compares to an adjusted net loss of $4.7 million in Q1 2025 (excluding a $10.8 million goodwill impairment in Q1 2025), indicating a worsening financial performance.
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Dilutive Financing for Liquidity
Beam Global raised $3.4 million in net proceeds through its At-The-Market (ATM) program during Q1 2026, with $11.9 million remaining available. This financing increased the cash balance to $2.0 million from $1.0 million at December 31, 2025.
Analysis · BEEM · Manufacturing
Beam Global's first-quarter results show a significant deterioration in financial performance with a 51% year-over-year revenue decline and a shift to a gross loss. The adjusted net loss also worsened compared to the prior year. While the company secured $3.4 million through its At-The-Market (ATM) program to bolster its cash position, this comes at the cost of shareholder dilution. The persistent material weaknesses in internal controls also remain a concern, indicating ongoing operational challenges. The increase in backlog is a positive, but it needs to translate into improved revenue and profitability to address the company's liquidity and operational issues.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 36.9% of the 961 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BEEM was trading at $1.73 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $36.6M. The 52-week trading range was $1.34 to $4.04. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.