Beam Global reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 174% to $8.6 million from $3.1 million in Q1 2026 and rose 21% year-over-year. The company posted a net loss of $3.1 million, or $(0.14) per share, compared to a $4.3 million loss in the prior year period. Gross margin stood at 17.8%, with an adjusted non-GAAP gross margin of 26.2%. Operating expenses were reduced by over $400,000, and the company reported a backlog of $5.4 million as of June 30, 2026. Beam Global operates in the sustainable technology sector, developing and manufacturing infrastructure products for energy security, transportation, and smart cities.

Beam Global entered into a lease agreement on June 17, 2026, with the Ron L. and Jacqueline S. Reynolds Family Trust for two industrial buildings in Yuma, Arizona. Spanning approximately 54,400 square feet, the premises will support office, warehouse, and manufacturing operations. The lease for 653 E. 20th Street begins July 15, 2026, for five years, while 655 E. 20th Street begins January 1, 2027, for four years and seven months. Monthly base rent scales from $7,810.25 in July 2026 to $30,596.39 by August 2030, with a rent abatement period from August to December 2026. The agreement includes an exclusive purchase option starting at $4,500,000, increasing by 3% annually. Beam Global provides solar-powered EV charging solutions.