Beam Global Q1 Loss Narrows to $6.9M as Backlog Jumps 50%
BEEM•In Q1 ended March 31, 2026, Beam Global reported a net loss of $6.9 million (−$0.33 per share) on revenue of $3.1 million, down 51% year-over-year. Backlog climbed 50% to $9 million as Q2 revenue already exceeded Q1, and the debt-free company holds a $100 million credit line.
1. Q1 Financial Results
For the quarter ended March 31, 2026, the company recorded revenue of $3.1 million, down 51% year-over-year, leading to a net loss of $6.9 million, or $0.33 per share. Operating expenses fell by $9.7 million compared to last year, excluding a prior goodwill impairment.
2. Backlog and Liquidity
Backlog increased 50% to $9.0 million from $6.0 million at December 31, 2025, with Q2 revenue already exceeding Q1 levels. Beam Global remains debt-free and holds a $100 million credit line to support growth.
3. Operational Highlights
Beam secured its first public EV ARC order in the Middle East and deployed off-grid solar charging systems in Barcelona and Madrid. The company launched a patented autonomous wireless vehicle charging system and won multiple drone battery contracts, expanding its global infrastructure footprint.
4. Margin Dynamics and Outlook
The gross loss of $0.4 million reflected fixed overhead absorption but non-GAAP gross margin exceeded 9%, with consolidated product margins over 30%. Management expects margins to improve as order volumes rise and cost-reduction initiatives take effect.
