Revenue Growth and Diversification
Beam Global reported a 12% increase in revenues for 2025 compared to 2024, with significant diversification in revenue sources. Commercial customers now account for 60% of revenues, up from 24% in 2024, and international customers comprise 37% of revenues, up from 15% in 2024.
Gross Margin Improvement
Gross profit for 2025 was $1.4 million, reflecting a gross margin of 20%, an improvement of four percentage points compared to 2024. Excluding non-cash expenses, the gross margin would be 30%, a 12 percentage point increase year-over-year.
Geographic Expansion
Beam Global expanded its global market presence with the creation of Beam Middle East and increased its European operations, contributing to revenue and gross margin improvements.
Reseller Network Expansion
Beam Global added several new reseller relationships in Europe, including Croatia, Switzerland, Germany, and Austria, contributing to increased market reach without significant increases in operating expenses.
Energy Storage Business Growth
The energy storage business gained three major new customers, including a Fortune 500 automotive company, validating Beam Global's capabilities and potential for high-margin growth.