Beam Global
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
BEEM$0.72+0.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I | FINANCIAL INFORMATION | 3 |
| Item 1. | Financial Statements (Unaudited) | 3 |
| Condensed Consolidated Balance Sheets at March 31, 2026 and December 31, 2025 | 3 | |
| Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended March, 2026 and 2025 | 4 | |
| Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025 | 5 | |
| Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 | 6 | |
| Notes To Condensed Consolidated Financial Statements | 7 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 20 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 27 |
| Item 4. | Controls and Procedures | 28 |
| PART II | OTHER INFORMATION | 29 |
| Item 1. | Legal Proceedings | 29 |
| Item 1A. | Risk Factors | 29 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 29 |
| Item 3. | Defaults Upon Senior Securities | 29 |
| Item 4. | Mine Safety Disclosures | 29 |
| Item 5. | Other Information | 29 |
| Item 6. | Exhibits | 30 |
| SIGNATURES | 31 | |
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (Unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash | $1,973 | $969 |
| Accounts receivable, net of allowance for credit losses of $2,762 and $939 | 4,701 | 8,236 |
| Prepaid expenses and other current assets | 2,072 | 2,070 |
| Inventory, net | 10,423 | 9,766 |
| Total current assets | 19,169 | 21,041 |
| Property and equipment, net | 12,312 | 13,093 |
| Operating lease right of use assets | 1,474 | 1,358 |
| Intangible assets, net | 6,884 | 7,127 |
| Deposits | 113 | 113 |
| Total assets | $39,952 | $42,732 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $6,245 | $5,925 |
| Accrued expenses | 3,037 | 2,885 |
| Sales tax payable | 786 | 843 |
| Deferred revenue, current | 2,052 | 1,800 |
| Note payable, current | 69 | 68 |
| Contingent consideration, current | 104 | 104 |
| Operating lease liabilities, current | 711 | 484 |
| Total current liabilities | 13,004 | 12,109 |
| Deferred revenue, noncurrent | 633 | 690 |
| Note payable, noncurrent | 113 | 131 |
| Other liabilities, noncurrent | 2,755 | 2,939 |
| Deferred tax liabilities, noncurrent | 1,182 | 1,203 |
| Operating lease liabilities, noncurrent | 735 | 815 |
| Total liabilities | 18,422 | 17,887 |
| Commitments and contingencies (Note 8) | ||
| Stockholders' equity | ||
| Preferred stock, $0.001 par value, 10,000,000 authorized, none outstanding as of March 31, 2026 and December 31, 2025 | - | - |
| Common stock, $0.001 par value, 350,000,000 shares authorized, 21,136,983 and 19,124,163 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 22 | 19 |
| Additional paid-in-capital | 160,292 | 156,446 |
| Accumulated deficit | (138,501) | (131,646) |
| Accumulated Other Comprehensive Income (AOCI) | (283) | 26 |
| Total stockholders' equity | 21,530 | 24,845 |
| Total liabilities and stockholders' equity | $39,952 | $42,732 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.