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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $15.4M | $15.1M | $35.6M |
| Gross profit | — | $13.3M | $10.6M | $25.7M |
| Net income | — | -$175.6M | -$275.6M | -$745.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3721
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BA | BOEING CO | $148.87B | 75.9x | 34.5% |
| AVAV | AeroVironment Inc | $6.24B | — | 140.9% |
| JOBY | Joby Aviation, Inc. | $4.71B | — | 39,183.1% |
| ACHR | Archer Aviation Inc. | $3.01B | — | — |
| EVEX | Eve Holding, Inc. | $571.5M | — | — |
| AIRO | AIRO Group Holdings, Inc. | $149.9M | — | 4.6% |
| HOVR | New Horizon Aircraft Ltd. | $85.5M | — | — |
| UAVS | AgEagle Aerial Systems Inc. | $38.1M | — | -4.3% |