BETA Technologies, Inc. BETA
We are redefining the aerospace industry. We have developed an electric aircraft platform and propulsion systems that are positioned to transform the aviation industry forward into a new phase of growth. We design, manufacture and sell high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. Further, we have invested in the underlying infrastructure of this breakthrough technology, which is critical to bringing electric aviation to life. We believe we have developed a differentiated presence in North America and are well positioned to expand globally.
Our company was purpose-built to capture the significant, untapped market opportunity in sustainable, reliable and efficient electric aviation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $35.6M | $15.1M | $15.4M | — |
| Cost of revenue | $9.9M | $4.5M | $2.0M | — |
| Gross profit | $25.7M | $10.6M | $13.3M | — |
| R&D | $259.9M | $206.9M | $138.3M | — |
| SG&A | $138.5M | $75.9M | $61.6M | — |
| Total operating expenses | $398.4M | $282.8M | $199.9M | — |
| Operating income | -$372.7M | -$272.2M | -$186.6M | — |
| Interest expense | $13.0M | $11.4M | $352.0K | — |
| Pre-tax income | -$745.1M | -$275.1M | -$174.5M | — |
| Income tax | $756.0K | $514.0K | $1.0M | — |
| Net income | -$745.9M | -$275.6M | -$175.6M | — |
| EPS, basic | -12.85 | -6.77 | -4.50 | — |
| EPS, diluted | -12.85 | -6.77 | -4.50 | — |
| Shares, diluted (wtd. avg.) | $75.0M | $45.2M | $44.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.71B | $301.4M | $253.5M | $430.3M |
| Receivables | $5.7M | $2.2M | — | — |
| Total current assets | $1.74B | $327.3M | — | — |
| Property, plant and equipment | $348.5M | $319.6M | — | — |
| Total assets | $2.11B | $666.4M | — | — |
| Accounts payable | $24.5M | $16.2M | — | — |
| Short-term debt | $5.7M | $2.8M | — | — |
| Total current liabilities | $76.4M | $56.6M | — | — |
| Long-term debt | $179.8M | $149.2M | — | — |
| Total liabilities | $288.4M | $230.4M | — | — |
| Retained earnings | -$1.91B | -$969.3M | — | — |
| Total equity | $1.82B | $435.9M | $385.4M | $551.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$267.8M | -$222.7M | -$158.0M | — |
| Depreciation and amortisation | $22.0M | $16.5M | $8.6M | — |
| Stock-based compensation | $34.8M | $12.1M | $9.0M | — |
| Capital expenditure | $45.4M | $73.5M | $153.2M | — |
| Investing cash flow | -$44.1M | -$68.8M | -$152.3M | — |
| Financing cash flow | $1.73B | $339.3M | $134.3M | — |
| Buybacks | $0 | $530.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-015838.
Others in SIC 3721
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BA | BOEING CO | $167.76B | 85.6x | 34.5% |
| AVAV | AeroVironment Inc | $7.32B | — | 140.9% |
| JOBY | Joby Aviation, Inc. | $6.67B | — | 39,183.1% |
| ACHR | Archer Aviation Inc. | $4.40B | — | — |
| EVEX | Eve Holding, Inc. | $773.6M | — | — |
| AIRO | AIRO Group Holdings, Inc. | $233.5M | — | 4.6% |
| HOVR | New Horizon Aircraft Ltd. | $112.3M | — | — |
| UAVS | AgEagle Aerial Systems Inc. | $66.7M | — | -4.3% |