Bimergen Energy (BESS) Q2 2026 earnings summary

Executive summary

• Generated $7.9 million in revenue and $4.8 million gross profit for Q2 2026, primarily from BESS project development fees and a non-refundable solar development deposit forfeiture.

• Achieved net income of $1.6 million for Q2 2026, reversing a net loss of $0.8 million in Q2 2025; earnings per share stood at $0.22.

• Acquired Emergen Energy LLC in April 2024, adding 23 BESS and 13 solar projects to the development portfolio.

• Raised $13.6 million in a public offering in February 2026, strengthening liquidity and funding operations.

• Achieved $3.9 million in adjusted EBITDA for Q2 2026.

Financial highlights

• Q2 2026 revenue: $7.9 million (vs. $0 in Q2 2025); gross profit: $4.8 million.

• Operating expenses rose to $3.2 million in Q2 2026, mainly due to $0.9 million in non-cash stock compensation and higher legal, payroll, and investor relations costs.

• Net income for Q2 2026: $1.6 million; EPS: $0.22 (vs. net loss of $0.16 per share in Q2 2025).

• Adjusted EBITDA totaled $3.9 million for the quarter.

• Working capital improved to $9.6 million as of June 30, 2026 (from negative $4.5 million at year-end 2025).

Outlook and guidance

• Focus remains on advancing BESS and solar projects to commercial operation and securing project-level financing.

• Management expects continued revenue from development fees and potential project sales, but notes uncertainty in achieving project milestones and securing offtake agreements.

• Expects additional $2.6 million revenue in Q3 2026 from a project closed in July and a $2.5 million payment upon achieving a key milestone.

• Projects long-term value from a 7.5% equity stake in three battery storage projects.

• Plans to fund construction and equipment acquisition through project joint ventures and non-recourse financing.