Bimergen Energy Q2 FY26 net income turns to $1.63 million; revenue rises to $7.9 million
BESS•Management cites BESS development fees
Management cited revenue mainly from BESS development fees, including about $0.9 million tied to a forfeited solar development deposit.
Six-month loss widens as expenses climb
For the six months, GAAP net loss widened 26% to $2.12 million as general and administrative expense climbed 319% to $7.01 million.
Higher operating costs push operating loss
Operating results swung to an operating loss of $1.57 million from operating income a year earlier as general and administrative costs rose 297% to $3.24 million.
Quarterly results swing to profit on new revenue
Bimergen Energy posted GAAP net income of $1.63 million for the quarter ended June 30, 2026, versus a loss a year earlier.
Revenue was $7.9 million, up from no revenue, with $4.81 million in gross profit.
