Bimergen Energy Corp (BESS) Form 10-Q — Aug 14, 2026
Bimergen Energy (NYSE American: BESS) posted its first-ever revenue in its fiscal Q2 2026 10-Q, reporting $7.9 million of revenue and net income of $1.6 million ($0.22 per share) for the three months ended June 30, 2026, versus zero revenue and an $0.8 million loss a year earlier. The revenue came mainly from $6.7 million of BESS development fees tied to the May 2026 contribution of three project companies to a joint venture affiliated with Cerberus Capital Management's Frontier Power platform, plus a $943,500 forfeited Bridgelink solar deposit and $250,000 from Eos Energy Storage.
Key figures
- Eps
- 0.22
- Revenue
- 7903159
- Net Income
- 1628379
- Total Assets
- 38355191
- Cash Position
- 9377141
- Gross Proceeds
- 13600000
- Shares Outstanding
- 7097573
- Q2 gross profit
- 4813036
- Working capital
- $9.6 million vs. negative $4.5 million at December 31, 2025
- Intangible assets
- 22882709
- Q2 cost of revenue
- 3090123
- Stockholders equity
- 33081516
- February 2026 offering
- 3,100,000 shares plus pre-funded warrants at $4.00 per share and warrant combined; warrants exercisable at $5.00; ~$1.35 million underwriting costs
- Cerberus jv consideration
- ~$5.7 million development fees plus ~$3.2 million accountable expenses plus 7.5% Class B Units provisionally valued at $500,000
- Gridspan deferred revenue
- 3564000
- Related party loans repaid
- 825700
- Six month stock compensation
- 3792000
- Contingent eip development fees
- approximately $126 million if all projects obtain financing
- Six month financing cash provided
- 11428413
- Bridgelink deposit recognized as revenue
- 943500
Price after filing
Close on the filing date to close N calendar days later (from $3.65). Historical, not a forecast.
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