Friday 6 November 2026
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Beam Global
BEEM Technology Solar
Beam Global’s revenue for fiscal 2025 (year ended December 2025) was $28.2 million, down 42.8% from fiscal 2024.
- Revenue
- +21.0%
- EPS
- +50.0%
- Free cash flow
- −141.3%
- Total debt
- −42.4%
Quarter to June 2026, against a year earlier
0.69
0.02
−2.82%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3 | 1 | 6 | 5 | 6 | 9 | 22 | 67 | 49 | 28 | 27 | +29.4% | 23 | 36 | 39 | +11.6% | |
| Gross margin, % | (5.20) | (33.48) | (3.12) | (3.01) | (11.45) | (10.80) | (7.58) | 1.79 | 14.79 | 12.47 | 10.17 | +17.7 pt | ||||||
| EBT | (3) | (3) | (4) | (4) | (5) | (7) | (20) | (16) | (11) | (27) | (18) | +29.7% | ||||||
| EBT margin, % | (94.63) | (215.34) | (58.40) | (76.90) | (83.86) | (73.26) | (89.47) | (23.83) | (23.06) | (97.07) | (66.13) | (2.4) pt | ||||||
| Net income | (3) | (3) | (4) | (4) | (5) | (7) | (20) | (16) | (11) | (27) | (17) | +29.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 1.24 | 0.55 | 2.13 | 1.14 | 1.01 | 1.01 | 2.22 | 5.46 | 3.37 | 1.68 | 1.21 | +3.5% | |||||
| Earnings | (1.16) | (1.19) | (1.24) | (0.88) | (0.84) | (0.74) | (1.99) | (1.30) | (0.77) | (1.61) | (0.87) | +3.7% | ||||||
| Cash flow | (0.80) | (1.35) | (0.25) | (1.08) | (0.67) | (0.72) | (1.83) | (1.08) | (0.15) | (0.62) | (0.60) | (2.7%) | ||||||
| Capex | (0.07) | (0.01) | (0.01) | (0.02) | (0.06) | (0.07) | (0.10) | (0.09) | (0.06) | (0.03) | 0.01 | (9.2%) | ||||||
| Free cash flow | (0.87) | (1.36) | (0.26) | (1.10) | (0.73) | (0.79) | (1.93) | (1.16) | (0.21) | (0.65) | (0.59) | (3.1%) | ||||||
| Book value | (0.62) | (0.14) | (0.86) | 1.30 | 4.72 | 2.92 | 2.34 | 4.01 | 2.82 | 1.48 | 0.93 | n/m | ||||||
| Shares, m | 2 | 3 | 3 | 4 | 6 | 9 | 10 | 12 | 15 | 17 | 19 | +25.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 5.86 | 13.99 | 4.57 | 4.07 | 73.30 | 18.35 | 7.42 | 1.41 | 0.94 | 0.89 | 0.58 | 13.1 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 3.57 | 15.62 | 6.36 | 7.03 | 1.91 | 1.12 | 1.02 | 0.76 | 3.7 | ||||||
| EV/Sales | 6.53 | 15.53 | 4.92 | 3.36 | 69.31 | 16.09 | 7.39 | 1.26 | 0.85 | 0.86 | 0.54 | 12.6 | ||||||
| EV/FCF | (9.89) | (6.33) | (39.59) | (3.48) | (95.72) | (20.72) | (8.51) | (5.89) | (13.36) | (2.22) | (1.11) | (20.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (2) | (3) | (1) | (5) | (4) | (6) | (18) | (13) | (2) | (10) | (13) | +21.6% | |||||
| Capex | 0 | 0 | 0 | 0 | 0 | (1) | (1) | (1) | (1) | 0 | 0 | +13.6% | ||||||
| Free cash flow | (2) | (3) | (1) | (5) | (4) | (7) | (19) | (14) | (3) | (11) | (13) | +21.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (2) | (1) | (3) | 5 | 28 | 25 | 7 | 24 | 14 | 9 | 6 | n/m | |||||
| Net debt | 2 | 2 | 2 | (4) | (25) | (20) | (1) | (10) | (4) | (1) | (1) | n/m | ||||||
| Shareholders’ equity | (1) | 0 | (2) | 6 | 29 | 26 | 23 | 50 | 41 | 25 | 20 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (255.98) | (114.77) | (106.95) | (73.02) | (25.94) | (20.75) | (57.56) | (27.84) | (16.22) | (51.83) | (40.37) | +204.2 pt | |||||
| ROIC | (370.80) | (92.59) | 0.00 | (93.01) | (74.65) | (73.18) | (54.53) | (25.85) | (19.74) | (71.68) | (55.72) | +299.1 pt | ||||||
| ROE | 303.68 | 350.71 | 254.33 | (235.32) | (29.81) | (23.93) | (80.03) | (44.15) | (24.84) | (81.66) | (72.69) | (385.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | 17 | 28 | 35 | 36 | 94 | 161 | 323 | 276 | 220 | — | +37.7% | |||||
| Revenue/emp, $m | 0.00 | 0.08 | 0.22 | 0.15 | 0.17 | 0.10 | 0.14 | 0.21 | 0.18 | 0.13 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Beam Global vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PN PN Smart Energy Limited | $35.1M | — | — | — | — | — | — | — | Compare |
| SPRU Spruce Power Holding Corporation | $24.5M | — (loss-making) | — (loss-making) | −8.75% (below 0%: shrinking) | n/m | −43.41% (below 0%: shrinking) | 67.84% | 32.21% | Compare |
| FTCI FTC Solar, Inc. | $23.4M | — (loss-making) | — (loss-making) | +26.06% (above 0%: growing) | n/m | +136.87% (above 0%: growing) | 5.79% | (26.03%) | Compare |
| SMXT Solarmax Technology, Inc. | $18.0M | — (loss-making) | — | +48.82% (above 0%: growing) | n/m | −539.19% (below 0%: shrinking) | 23.56% | (43.53%) | Compare |
| BEEM Beam Global | $16.2M | — (loss-making) | — (loss-making) | +21.02% (above 0%: growing) | n/m | −141.34% (below 0%: shrinking) | 17.83% | (34.99%) | |
| ASTI Ascent Solar Technologies Inc. | $14.5M | — (loss-making) | — (loss-making) | +460.00% (above 0%: growing) | n/m | +1.36% (above 0%: growing) | (68.91%) | (2,043.59%) | Compare |
| ZEO Zeo Energy Corp. | $14.2M | — (loss-making) | — | −10.68% (below 0%: shrinking) | n/m | +75.65% (above 0%: growing) | 47.15% | (18.49%) | Compare |
| SUNE SUNation Energy Inc. | $13.0M | — (loss-making) | — (loss-making) | −37.52% (below 0%: shrinking) | n/m | −692.81% (below 0%: shrinking) | 26.09% | (39.00%) | Compare |
| MAXNQ Maxeon Solar Technologies, Ltd. | $12.9M | — (loss-making) | — (loss-making) | −78.66% (below 0%: shrinking) | n/m | −4.20% (below 0%: shrinking) | (97.63%) | (228.07%) | Compare |
| Median of peers | $16.2M | — | — | −8.75% | — | −4.20% | 23.56% | (39.00%) |
Pay and ownership Proxy statement filed 8 September 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2024 | 1.06m | (657.16k) | 4.00 |
| 2023 | 800.00k | 2.87m | 10.00 |
Ownership
Directors and executive officers, together
5.57%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement