Beam Global — Form 8-K
Filed August 19, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Beam Global reported Q2 2026 revenue of $8.6 million, up 174% sequentially from Q1's $3.1 million (and 21% year-over-year from Q2 2025's $7.1 million). Gross margin was 17.8% GAAP (26.2% excluding non-cash items). The company posted a net loss of $3.1 million ($0.14 per share) versus $4.3 million loss ($0.28 per share) in Q2 2025. European operations now represent ~48% of revenues. Key operational highlights: $5.4 million backlog as of June 30, 2026; $0.5M in new drone/robotics battery orders; relocation to Yuma, Arizona expected to save $2.7 million over lease term; no debt and $100 million unused credit line. Company maintains 22.3 million shares outstanding (up from 19.1 million at year-end 2025).
Why this rating
Dramatic 174% sequential revenue growth is material for a $23.3M market cap company; represents meaningful trajectory shift. Strong backlog, geographic diversification, cost discipline, and zero debt are positive. However, GAAP margins compressed YoY and company remains unprofitable at GAAP level; cash position modest at $1M relative to $3.1M quarterly burn.
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