Beam Global 2025年度报告

FORM 10-K ☒Annual Report pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934For the fiscal year endedDecember 31, 2025or☐Transition Report pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934For the transition period from __________ to __________ Commission File Number 001-38868 Beam Global(Exact name of Registrant as specified in its charter) 26-1342810 (IRS Employer ID Number) 5660 Eastgate Dr.San Diego, California 92121(858) 321-2223(Address and telephone number of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262 (b))by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting common stock held by nonaffiliates of the registrant as of June 30,2025(the last business day of the registrant’s most recently completed second fiscal quarter) was approximately $23,280,367basedupon the closing price of $1.46 on the NASDAQ Capital Market on June 30, 2025. The number of registrant's shares of common stock, $0.001 par value, issuable and outstanding as of April 7, 2026was 21,136,983. TABLE OF CONTENTS ITEM 1BusinessITEM 1ARisk FactorsITEM 1BUnresolved Staff CommentsITEM 1CCybersecurityITEM 2PropertiesITEM 3Legal ProceedingsITEM 4Mine Safety Disclosures PART II ITEM 5Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of EquitySecuritiesITEM 6[Reserved]ITEM 7Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM 7AQuantitative and Qualitative Disclosures About Market RiskITEM 8Financial Statements and Supplementary DataITEM 9Changes in and Disagreements with Accountants on Accounting and Financial DisclosureITEM 9AControls and ProceduresITEM 9BOther InformationITEM 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections PART III ITEM 10Directors, Executive Officers and Corporate GovernanceITEM 11Executive CompensationITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersITEM 13Certain Relationships and Related Transactions, and Director IndependenceITEM 14Principal Accounting Fees and Services PART IV ITEM 15Exhibits and Financial Statement SchedulesITEM 16Form 10-K Summary PART I References in this Report to “we,” “us,” “our,” the “Company” or “Beam” means Beam Global, a Nevada corporation,and its subsidiaries. SPECIAL NOTE REGARDING FORWARD-LOOKING STAT