NYSE : BETA
BETA Technologies, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 20.05 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.69B
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Financial statements
BETA Technologies, Inc. (BETA) reported revenue of 44.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 44.84M | 35.62M | 15.09M | 15.36M |
| Cost of Revenue | 17.91M | 9.90M | 4.52M | 2.02M |
| Gross Profit | 26.93M | 25.71M | 10.57M | 13.33M |
| Selling, General & Admin | 175.24M | 138.49M | 75.88M | 61.63M |
| Research & Development | 358.10M | 259.89M | 206.91M | 138.27M |
| Operating Expenses | 533.34M | 398.38M | 282.79M | 199.90M |
| Operating Income | -506.41M | -372.67M | -272.22M | -186.57M |
| Interest Expense | -14.50M | -12.97M | -11.43M | -352.00K |
| Interest & Investment Income | 43.20M | 20.15M | 8.52M | 12.39M |
| Other Non Operating Income (Expenses) | -379.62M | -379.62M | ||
| Pretax Income | -857.32M | -745.11M | -275.13M | -174.53M |
| Income Tax Expense | 912.00K | 756.00K | 514.00K | 1.03M |
| Net Income | -858.24M | -745.87M | -275.64M | -175.56M |
| Preferred Dividends & Other Adjustments | 192.81M | 217.35M | 30.70M | 26.37M |
| Net Income to Common | -1.05B | -963.22M | -306.35M | -201.93M |
| Shares Outstanding (Basic) | 167.51M | 74.97M | 45.24M | 44.90M |
| Shares Outstanding (Diluted) | 167.51M | 74.97M | 45.24M | 44.90M |
| EPS (Basic) | -6.27 | -12.85 | -6.77 | -4.50 |
| EPS (Diluted) | -6.27 | -12.85 | -6.77 | -4.50 |
| Free Cash Flow | -421.53M | -313.25M | -296.17M | -311.25M |
| Free Cash Flow Per Share | -2.52 | -4.18 | -6.55 | -6.93 |
| Gross Margin | 60.06% | 72.20% | 70.06% | 86.81% |
| Operating Margin | -1,129.31% | -1,046.35% | -1,803.74% | -1,214.89% |
| Profit Margin | -2,343.89% | -2,704.46% | -2,029.86% | -1,314.91% |
| Free Cash Flow Margin | -940.03% | -879.51% | -1,962.43% | -2,026.80% |
| EBITDA | -482.43M | -350.64M | -255.76M | -177.95M |
| D&A For EBITDA | 23.98M | 22.03M | 16.46M | 8.62M |
| EBIT | -506.41M | -372.67M | -272.22M | -186.57M |
| Revenue as Reported | 44.84M | 35.62M | 15.09M | 15.36M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.48B | 1.71B | 301.40M | 253.54M |
| Cash & Short-Term Investments | 1.48B | 1.71B | 301.40M | 253.54M |
| Accounts Receivable | 3.61M | 5.75M | 2.15M | 4.33M |
| Other Receivables | 9.90M | 1.39M | ||
| Receivables | 3.61M | 5.75M | 12.05M | 5.71M |
| Inventory | 9.42M | |||
| Prepaid Expenses | 15.97M | 18.94M | 12.89M | 7.26M |
| Restricted Cash | 4.58M | 4.56M | 149.00K | 143.00K |
| Other Current Assets | 852.00K | 3.96M | ||
| Total Current Assets | 1.50B | 1.74B | 327.34M | 280.03M |
| Property, Plant & Equipment | 423.43M | 364.96M | 336.00M | 295.60M |
| Long-Term Deferred Tax Assets | 183.00K | |||
| Other Long-Term Assets | 6.40M | 1.84M | 2.85M | 3.61M |
| Total Assets | 1.93B | 2.11B | 666.37M | 579.25M |
| Accounts Payable | 22.81M | 24.50M | 16.23M | 8.04M |
| Accrued Expenses | 59.95M | 35.11M | 24.52M | 24.22M |
| Current Portion of Long-Term Debt | 8.55M | 5.71M | 2.83M | |
| Current Portion of Leases | 1.86M | 1.55M | 1.74M | 1.58M |
| Current Unearned Revenue | 7.01M | 3.70M | 6.40M | 1.15M |
| Other Current Liabilities | 3.73M | 5.82M | 4.83M | 1.18M |
| Total Current Liabilities | 103.91M | 76.39M | 56.55M | 36.17M |
| Long-Term Debt | 142.53M | 147.17M | 149.23M | 134.63M |
| Long-Term Leases | 53.76M | 49.46M | 16.68M | 19.08M |
| Long-Term Unearned Revenue | 14.88M | 12.55M | 6.36M | 2.04M |
| Long-Term Deferred Tax Liabilities | 55.00K | 45.00K | ||
| Other Long-Term Liabilities | 3.20M | 2.79M | 1.60M | 1.85M |
| Total Liabilities | 318.27M | 288.43M | 230.43M | 193.81M |
| Common Stock | 24.00K | 23.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 3.80B | 3.73B | ||
| Retained Earnings | -2.18B | -1.91B | -969.28M | -676.69M |
| Treasury Stock | -5.89M | -5.36M | ||
| Comprehensive Income & Other | -199.00K | -10.00K | -207.00K | -13.00K |
| Total Common Equity | 1.62B | 1.82B | -975.37M | -682.06M |
| Shareholders' Equity | 1.62B | 1.82B | 435.94M | 385.44M |
| Total Liabilities & Equity | 1.93B | 2.11B | 666.37M | 579.25M |
| Total Debt | 206.70M | 203.90M | 170.49M | 155.28M |
| Net Cash (Debt) | 1.27B | 1.51B | 130.91M | 98.26M |
| Net Cash Per Share | 7.60 | 20.09 | 2.89 | 2.19 |
| Filing Date Shares Outstanding | 233.94M | 229.75M | 45.54M | 44.90M |
| Total Common Shares Outstanding | 233.85M | 229.23M | 45.54M | 44.90M |
| Working Capital | 1.40B | 1.66B | 270.79M | 243.86M |
| Book Value Per Share | 6.91 | 7.93 | -21.42 | -15.19 |
| Tangible Book Value | 1.62B | 1.82B | -975.37M | -682.06M |
| Tangible Book Value Per Share | 6.91 | 7.93 | -21.42 | -15.19 |
| Land | 593.00K | |||
| Buildings | 215.94M | 209.56M | 194.10M | 166.71M |
| Machinery | 138.19M | 139.06M | 107.38M | 60.26M |
| Construction In Progress | 68.51M | 20.58M | 22.91M | 35.06M |
| Leasehold Improvements | 38.96M | 33.67M | 27.72M | 30.65M |
| Order Backlog | 3.47B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -858.24M | -745.87M | -275.64M | -175.56M |
| Depreciation & Amortization | 23.98M | 22.03M | 16.46M | 8.62M |
| Loss (Gain) From Sale of Assets | 7.61M | 3.41M | 365.00K | 1.66M |
| Stock-Based Compensation | 61.24M | 34.76M | 12.11M | 8.96M |
| Other Operating Activities | 410.73M | 388.46M | 2.47M | 397.00K |
| Change in Accounts Receivable | -3.60M | -3.60M | 34.00K | -968.00K |
| Change in Accounts Payable | 30.21M | 30.21M | 6.16M | 5.72M |
| Change in Unearned Revenue | 3.49M | 3.49M | 8.55M | -82.00K |
| Change in Other Net Operating Assets | 1.07M | -696.00K | 6.84M | -6.75M |
| Operating Cash Flow | -323.50M | -267.80M | -222.66M | -158.01M |
| Capital Expenditures | -98.03M | -45.45M | -73.51M | -153.24M |
| Sale of Property, Plant & Equipment | 441.00K | 1.37M | 4.70M | 907.00K |
| Investing Cash Flow | -97.59M | -44.08M | -68.81M | -152.33M |
| Long-Term Debt Issued | 32.66M | 15.50M | 135.75M | |
| Long-Term Debt Repaid | -3.82M | -964.00K | -977.00K | |
| Net Debt Issued (Repaid) | 26.20M | 28.84M | 14.54M | 134.77M |
| Issuance of Common Stock | 1.12B | 1.11B | 1.65M | 722.00K |
| Repurchase of Common Stock | -530.00K | |||
| Other Financing Activities | -17.47M | -18.58M | -315.00K | -1.17M |
| Financing Cash Flow | 1.73B | 1.73B | 339.33M | 134.33M |
| Foreign Exchange Rate Adjustments | -108.00K | 28.00K | 25.00K | -141.00K |
| Net Cash Flow | 1.31B | 1.41B | 47.89M | -176.16M |
| Free Cash Flow | -421.53M | -313.25M | -296.17M | -311.25M |
| Free Cash Flow Margin | -940.03% | -879.51% | -1,962.43% | -2,026.80% |
| Free Cash Flow Per Share | -2.52 | -4.18 | -6.55 | -6.93 |
| Levered Free Cash Flow | -305.99M | -206.80M | -204.29M | |
| Unlevered Free Cash Flow | -296.93M | -198.70M | -197.15M | |
| Cash Interest Paid | 12.21M | 10.87M | 9.19M | 112.00K |
| Cash Income Tax Paid | 168.00K | 168.00K | 30.00K | 196.00K |
| Change in Working Capital | 31.18M | 29.41M | 21.58M | -2.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 4.94B | 6.46B | ||
| Enterprise Value | 3.67B | 8.36B | ||
| Last Close Price | 20.05 | 28.21 | ||
| PS Ratio | 104.60 | 181.41 | ||
| PB Ratio | 2.90 | 3.55 | ||
| P/TBV Ratio | 2.90 | 3.55 | ||
| EV/Sales Ratio | 76.22 | 234.66 | ||
| Debt / Equity Ratio | 0.13 | 0.11 | 0.39 | 0.40 |
| Net Debt / Equity Ratio | -0.79 | -0.83 | -0.30 | -0.26 |
| Net Debt / EBITDA Ratio | 2.64 | 4.30 | 0.51 | 0.55 |
| Net Debt / FCF Ratio | 3.02 | 4.81 | 0.44 | 0.32 |
| Asset Turnover | 0.04 | 0.03 | 0.02 | |
| Quick Ratio | 14.27 | 22.46 | 5.54 | 7.17 |
| Current Ratio | 14.47 | 22.77 | 5.79 | 7.74 |
| Return on Equity (ROE) | -89.94% | -66.19% | -67.12% | |
| Return on Assets (ROA) | -25.62% | -16.80% | -27.32% | |
| Return on Capital Employed (ROCE) | -27.70% | -18.40% | -44.60% | -34.40% |
| Earnings Yield | -29.72% | -11.54% | ||
| FCF Yield | -8.99% | -4.85% | ||
| Buyback Yield / Dilution | -267.84% | -65.73% | -0.75% |