--- title: "Bimergen Energy | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286610291.md" datetime: "2026-05-15T20:26:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286610291.md) - [en](https://longbridge.com/en/news/286610291.md) - [zh-HK](https://longbridge.com/zh-HK/news/286610291.md) --- # Bimergen Energy | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.71. EBIT: As of FY2026 Q1, the actual value is USD -3.778 M. #### Segment Revenue Bimergen Energy Corporation generated no revenue from its primary business for the three months ended March 31, 2026, and March 31, 2025. #### Operational Metrics - **Gross Profit**: The company reported a gross profit of $0 for both the three months ended March 31, 2026, and March 31, 2025. - **Total Operating Expenses**: Total operating expenses increased to $3,764,629 for the three months ended March 31, 2026, from $857,037 for the three months ended March 31, 2025, marking a 339% increase. - **Salaries and Payroll Expenses**: Increased to $188,000 in Q1 2026 from $178,000 in Q1 2025. - **Legal Fees**: Significantly increased to $158,775 in Q1 2026 from $3,266 in Q1 2025. - **Stock-based compensation**: Increased to $2,564,000 in Q1 2026 from $313,000 in Q1 2025. - **Investors Relations**: Decreased to $93,390 in Q1 2026 from $120,151 in Q1 2025. - **Audit Costs**: Increased to $109,890 in Q1 2026 from $38,000 in Q1 2025. - **Contract Services**: Increased to $165,194 in Q1 2026 from $149,505 in Q1 2025. - **Rent**: Increased to $11,477 in Q1 2026 from $0 in Q1 2025. - **Other Taxes**: Increased to $192,921 in Q1 2026 from $0 in Q1 2025. - **Other operating expenses**: Increased to $280,982 in Q1 2026 from $55,115 in Q1 2025. - **Loss from Operations**: Increased to - $3,764,629 for the three months ended March 31, 2026, from - $857,037 for the three months ended March 31, 2025, a 339% increase. - **Total Other Income (Expense)**: Was $13,024 for the three months ended March 31, 2026, compared to - $607 for the same period in 2025, an increase of 2,247%. - **Net Loss**: Increased to - $3,751,605 for the three months ended March 31, 2026, from - $857,644 for the three months ended March 31, 2025, a 337% increase. #### Cash Flow - **Net Cash Used in Operating Activities**: Was - $2,921,390 for the three months ended March 31, 2026, compared to - $142,452 for the three months ended March 31, 2025. - **Net Cash Provided by Financing Activities**: Was $11,428,413 for the three months ended March 31, 2026, primarily due to $12.3 million net cash proceeds from the February 2026 offering, partially offset by - $0.8 million repayment of related-party short-term loans. This compares to $82,850 provided in the prior year period. - **Cash and Cash Equivalents at End of Period**: Increased to $8,908,226 at March 31, 2026, from $401,203 at December 31, 2025. #### Unique Metrics - **Working Capital**: As of March 31, 2026, Bimergen Energy Corporation had working capital of $6.3 million, an improvement from - $4.5 million as of December 31, 2025. - **Intangible Assets**: Remained at $23,900,520 at March 31, 2026, and December 31, 2025, including development project intangible assets from the Emergen Energy LLC acquisition. - **Deferred Revenue**: Remained at $4,757,500 at March 31, 2026, and December 31, 2025, including a $3.6 million payment from Gridspan and a $943,500 deposit from a Project Sale Agreement with Bridgelink. - **Unrecognized Stock-based Compensation Related to Stock Options**: Approximately $4.9 million is expected to be recognized over the next 2.0 years. #### Future Outlook and Strategy Bimergen Energy Corporation aims to become a grid-balancing operator by developing and operating a diversified portfolio of Battery Energy Storage System (BESS) and solar energy projects, leveraging long-term contracted tolling agreements for stable revenue and pursuing project-level financing for its Redbird and Wildfire projects. The company has a contractual capital commitment of up to $5.0 million in the RelyEZ joint venture. While current financing activities support short-term growth, the ability to fund operations and development projects is contingent on securing additional debt or equity financing, subject to economic conditions. ### Related Stocks - [BESS.US](https://longbridge.com/en/quote/BESS.US.md) ## Related News & Research - [Is the 2026 Soybean Rally Over?](https://longbridge.com/en/news/290237132.md) - [Nucor Announces Guidance For The Second Quarter Of 2026 Earnings](https://longbridge.com/en/news/290102744.md) - [Ålandsbanken updates timetable for 2026 semi-annual dividend](https://longbridge.com/en/news/290147573.md) - [T3 Defense postpones special stockholder meeting to June 24, 2026](https://longbridge.com/en/news/290249255.md) - [Heartflow shareholders approve PwC as auditor for fiscal 2026](https://longbridge.com/en/news/290241442.md)