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Jun 30
Beam Q2 2025 Earnings Report
Beam Global reported a $4.3M net loss on $7.1M in revenue for Q2 2025 while improving margins and expanding internationally.
Key Takeaways
Beam Global generated $7.1 million in revenue for Q2 2025, achieving its highest gross margin to date. Despite a net loss, the company showed operational improvements, maintained a debt-free balance sheet, and expanded into Europe and the Middle East.
Revenue reached $7.1 million in Q2 2025, up 12% from Q1.
GAAP gross margin was 20%, and non-GAAP margin reached 30%.
Net loss narrowed to $4.3 million; adjusted non-GAAP net loss was $1.4 million.
Beam remains debt-free with $100 million in unused credit.
Beam
Beam
Beam Revenue by Segment
Beam Revenue by Geographic Location
Revenue by Segment
Commercial Customers Revenue
CapyFin.comState & Local Gov. Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
Beam Global anticipates continued revenue growth, better margin performance, and increased international penetration in H2 2025.
Positive Outlook
- 12% revenue growth over Q1 2025.
- Best GAAP gross margin in company history at 20%.
- Growing demand from commercial and defense customers.
- Increased efficiency in European operations through solar installations.
- New market entries in the Middle East and DACH region (Germany, Austria, Switzerland).
Challenges Ahead
- Ongoing net losses, even after margin improvements.
- Gross profit remains modest at $1.4 million.
- Q2 revenue still less than half of Q2 2024 levels.
- Impairment of goodwill reported earlier in 2025 continues to affect YTD net loss.
- Limited cash reserves ($3.4M) despite access to credit.
Revenue & Expenses
Visualization of income flow from segment revenue to net income