Beam Global (NASDAQ: BEEM) is a clean energy technology company that designs and manufactures off-grid, solar-powered electric vehicle charging infrastructure products. Revenue comes from product sales, primarily of its EV ARC line and related charging and energy storage systems, sold on a transactional basis. Historically, a large proportion of sales went to U.S. government agencies, but by FY2025 non-government customers accounted for 75% of sales, up from over 30% in FY2024, reflecting a deliberate shift toward corporate and international buyers. The company operates manufacturing in the United States and, through its acquired Beam Europe subsidiary (formerly Amiga), one of Europe's larger streetlight manufacturers based in Serbia. Working capital was $8.9 million as of December 31, 2025, down from $13.8 million as of December 31, 2024. The company is not profitable on an operating basis and has funded operations partly through at-the-market equity issuances, raising $7.8 million in FY2025 via its ATM facility. Beam holds contracts with California, Florida, New York City, and the U.S. federal government through a GSA Multiple Award Schedule Contract.

Revenue model

Transactional product sales of off-grid solar EV charging systems and related energy storage products to government agencies, municipalities, corporations, and international buyers. No subscription or recurring revenue model is disclosed in the filing.

Products and services

EV ARC (transportable, solar-powered EV charging infrastructure); BeamSpot; BeamBike; BeamPatrol; BeamWell; BeamFlight (in development); Beam All-Cell highly differentiated battery storage products; streetlights and related infrastructure through Beam Europe (formerly Amiga). Products include integrated solar tracking (BeamTrak technology), on-board battery storage, and emergency power panels that operate independently of the utility grid.

Customers and end markets

U.S. federal government (via GSA Multiple Award Schedule and Sourcewell), state and local governments including California, Florida, and New York City, municipalities, counties, hospitals, fire departments, large private enterprises with vehicle fleets, and international corporate customers. Non-government sales grew from over 30% of revenue in FY2024 to 75% in FY2025 (per the FY2025 10-K filed 2026-04-09).

Value-chain role

Vertically integrated manufacturer and direct seller of off-grid EV charging hardware. Designs patented products, manufactures in the U.S. and Serbia, and sells directly to government and commercial end customers without requiring third-party grid infrastructure.

Geographic exposure

Primarily United States, with an expanding international presence. Beam Europe (Serbia) manufactures streetlights and related products. The company has identified Europe, the Middle East, and Africa as target international growth markets per the FY2025 10-K.

Source: SEC 10-K, filed 2026-04-09

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