BETA TECHNOLOGIES INC (BETA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BETA SEC filings page.
BETA TECHNOLOGIES INC (BETA) reported $44.8M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Development-stage expansion is being funded externally while revenue grows far more slowly than BETA’s operating cost base.
Revenue more than doubled from FY2024 to FY2025 while gross margin recovered from70.1% to72.2% , indicating that growth did not require sacrificing unit-level gross economics. Yet operating loss reached$372.7M while R&D plus SG&A totaled$398.4M , showing the cost base still outruns gross profit.
Operating cash flow was
Financing cash flow supplied
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BETA TECHNOLOGIES INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
BETA TECHNOLOGIES INC held $1.7B in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $267.8M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and BETA TECHNOLOGIES INC scores 72/100 among other emerging companies.
Not available for BETA TECHNOLOGIES INC, and counted as zero in the overall score.
BETA TECHNOLOGIES INC spent $259.9M on research and development in fiscal year 2025, which was 63.7% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and BETA TECHNOLOGIES INC scores 86/100 among other emerging companies.
BETA TECHNOLOGIES INC reported revenue of $35.6M in fiscal year 2025, against $15.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and BETA TECHNOLOGIES INC scores 80/100 among other emerging companies.
BETA TECHNOLOGIES INC's operations used $267.8M of cash in fiscal year 2025, against $222.7M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and BETA TECHNOLOGIES INC scores 23/100 among other emerging companies.
BETA TECHNOLOGIES INC's cash, cash equivalents and investments came to $1.7B at the end of fiscal year 2025, against $288.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and BETA TECHNOLOGIES INC scores 91/100 among other emerging companies.
BETA TECHNOLOGIES INC scores 9.60, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.0B) relative to total liabilities ($288.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BETA TECHNOLOGIES INC passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
BETA TECHNOLOGIES INC reported a net loss of $745.9M while operations used $267.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
BETA TECHNOLOGIES INC reported an operating loss of $372.7M against $13.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
BETA TECHNOLOGIES INC generated $14.7M in revenue in Q2 2026. This represents an increase of 145.7% from the same quarter a year earlier. Against the prior quarter it is up 44.7%.
BETA TECHNOLOGIES INC's EBITDA was -$151.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 105.3% from the same quarter a year earlier. Against the prior quarter it is down 19.7%.
BETA TECHNOLOGIES INC reported -$148.8M in net income in Q2 2026. This represents a decrease of 85.0% from the same quarter a year earlier. Against the prior quarter it is down 21.6%.
BETA TECHNOLOGIES INC earned -$0.64 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 20.8%.
Cash & Balance Sheet
BETA TECHNOLOGIES INC recorded an outflow of $116.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 86.2% from the same quarter a year earlier. Against the prior quarter it is up 3.0%.
BETA TECHNOLOGIES INC held $1.5B in cash against $175.4M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BETA TECHNOLOGIES INC's gross margin was 54.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 25.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.
BETA TECHNOLOGIES INC's ROE was -9.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 18.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
BETA TECHNOLOGIES INC invested $122.4M in research and development in Q2 2026. This represents an increase of 110.8% from the same quarter a year earlier. Against the prior quarter it is up 33.4%.
BETA TECHNOLOGIES INC invested $41.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 582.4% from the same quarter a year earlier. Against the prior quarter it is up 70.1%.
Not reported for Q2 2026.
BETA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.7M+145.7% | $10.1M+5.6% | $11.1M | $8.9M+190.9% | $6.0M | $9.6M | N/A | $3.1M |
| Cost of Revenue | $6.6M+457.7% | $4.3M+147.5% | $4.2M | $2.7M+130.5% | $1.2M | $1.7M | N/A | $1.2M |
| Gross Profit | $8.0M+67.9% | $5.8M-25.8% | $6.9M | $6.2M+229.1% | $4.8M | $7.9M | N/A | $1.9M |
| R&D Expenses | $122.4M+110.8% | $91.7M+58.5% | $87.6M | $56.4M+4.3% | $58.0M | $57.9M | N/A | $54.0M |
| SG&A Expenses | $43.8M+68.0% | $47.0M+68.0% | $54.0M | $30.4M+45.8% | $26.1M | $28.0M | N/A | $20.8M |
| Operating Income | -$158.1M-99.3% | -$133.0M-70.4% | -$134.8M | -$80.6M-10.4% | -$79.3M | -$78.0M | N/A | -$73.0M |
| EBITDA | -$151.8M-105.3% | -$126.8M-74.0% | -$129.0M | -$74.8M-8.2% | -$73.9M | -$72.9M | N/A | -$69.1M |
| Interest Expense | $3.7M+26.7% | $3.6M+26.5% | $3.8M | $3.5M+19.1% | $2.9M | $2.9M | N/A | $2.9M |
| Income Tax | $267K+16.6% | $216K+120.4% | $176K | $253K+32.5% | $229K | $98K | N/A | $191K |
| Net Income | -$148.8M-85.0% | -$122.3M-56.2% | -$150.0M | -$437.2M-482.5% | -$80.4M | -$78.3M | N/A | -$75.1M |
| EPS (Basic) | -$0.64+68.3% | -$0.53+73.2% | $1.01+152.6% | -$9.83-443.1% | -$2.02 | -$1.98 | -$1.92 | -$1.81 |
| EPS (Diluted) | -$0.64 | -$0.53 | $1.01+152.6% | -$9.83-443.1% | -$2.02 | -$1.98 | -$1.92 | -$1.81 |
| Diluted Shares (Avg) | 232M | 230M | N/A | 46M+1.5% | 46M | 46M | N/A | 45M |
BETA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B | $2.0B | $2.1B+216.1% | $1.1B | N/A | N/A | $666.4M | N/A |
| Current Assets | $1.5B | $1.6B | $1.7B+431.4% | $712.5M | N/A | N/A | $327.3M | N/A |
| Cash & Equivalents | $1.5B+747.7% | $1.6B+571.8% | $1.7B+467.4% | $687.6M+1216.1% | $174.5M | $236.6M | $301.4M | $52.2M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $3.6M | $6.4M | $5.7M+167.1% | $7.7M | N/A | N/A | $2.2M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $318.3M | $287.8M | $288.4M+25.2% | $279.4M | N/A | N/A | $230.4M | N/A |
| Current Liabilities | $103.9M | $75.9M | $76.4M+35.1% | $68.3M | N/A | N/A | $56.6M | N/A |
| Non-Current Liabilities | $214.4M | $212.0M | $212.0M+21.9% | $211.1M | N/A | N/A | $173.9M | N/A |
| Long-Term Debt | $175.4M | $177.6M | $179.8M+20.5% | $179.1M | N/A | N/A | $149.2M | N/A |
| Total Equity | $1.6B+450.9% | $1.7B+370.8% | $1.8B+317.0% | $789.9M+302.9% | $293.2M | $366.4M | $435.9M | $196.1M |
| Retained Earnings | -$2.2B | -$2.0B | -$1.9B-97.4% | -$1.6B | N/A | N/A | -$969.3M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
BETA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$74.9M-33.1% | -$95.4M-63.7% | -$84.4M-47.1% | -$68.8M | -$56.3M | -$58.3M | -$57.4M | N/A |
| Depreciation & Amortization | $6.3M+17.1% | $6.2M+20.1% | $5.7M+10.9% | $5.8M+49.0% | $5.4M | $5.1M | $5.2M | $3.9M |
| Stock-Based Compensation | $14.7M+240.7% | $23.4M+220.5% | N/A | $5.2M+14.0% | $4.3M | $7.3M | N/A | $4.6M |
| Capital Expenditures | $41.1M+582.4% | $24.2M+261.9% | $19.8M-9.4% | $13.0M | $6.0M | $6.7M | $21.8M | N/A |
| Free Cash Flow | -$116.0M-86.2% | -$119.5M-84.1% | -$104.2M-31.5% | -$81.8M | -$62.3M | -$64.9M | -$79.2M | N/A |
| Investing Cash Flow | -$41.1M-644.0% | -$24.2M-286.8% | -$19.7M-12.6% | -$12.6M | -$5.5M | -$6.3M | -$17.5M | N/A |
| Financing Cash Flow | $6.1M+132.1% | -$1.2M-302.6% | $1.1B+247.7% | $596.0M | $2.6M | -$310K | $324.0M | N/A |
| Share Buybacks | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BETA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.7%-25.3pp | 57.6%-24.3pp | 62.0% | 69.3%+8.0pp | 80.0% | 81.9% | N/A | 61.2% |
| Operating Margin | -1078.7% | -1312.1% | -1210.4% | -903.5% | -1329.5% | -812.8% | N/A | -2380.9% |
| Net Margin | -1014.8% | -1207.0% | -1347.0% | -4902.6% | -1347.9% | -815.5% | N/A | -2448.3% |
| Return on Equity | -9.2%+18.2pp | -7.1%+14.3pp | -8.2% | -55.4%-17.1pp | -27.4% | -21.4% | N/A | -38.3% |
| Return on Assets | -7.7% | -6.1% | -7.1% | -40.9% | N/A | N/A | N/A | N/A |
| Current Ratio | 14.47 | 21.37 | 22.77+17.0x | 10.43 | N/A | N/A | 5.79 | N/A |
| Debt-to-Equity | 0.11 | 0.10 | 0.10-0.2x | 0.23 | N/A | N/A | 0.34 | N/A |
| Asset Turnover | 0.01 | 0.01 | 0.01 | 0.01 | N/A | N/A | N/A | N/A |
| FCF Margin | -791.3% | -1179.7% | -935.9% | -917.3% | -1044.3% | -676.6% | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where BETA TECHNOLOGIES INC Ranks
Frequently Asked Questions
What is BETA TECHNOLOGIES INC's annual revenue?
BETA TECHNOLOGIES INC (BETA) reported $35.6M in total revenue for fiscal year 2025. This represents a 136.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BETA TECHNOLOGIES INC's revenue growing?
BETA TECHNOLOGIES INC (BETA) revenue grew by 136.0% year-over-year, from $15.1M to $35.6M in fiscal year 2025.
Is BETA TECHNOLOGIES INC profitable?
No, BETA TECHNOLOGIES INC (BETA) reported a net income of -$745.9M in fiscal year 2025.
What is BETA TECHNOLOGIES INC's EBITDA?
BETA TECHNOLOGIES INC (BETA) had EBITDA of -$350.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BETA TECHNOLOGIES INC have?
As of fiscal year 2025, BETA TECHNOLOGIES INC (BETA) had $1.7B in cash and equivalents against $179.8M in long-term debt.
What is BETA TECHNOLOGIES INC's gross margin?
BETA TECHNOLOGIES INC (BETA) had a gross margin of 72.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is BETA TECHNOLOGIES INC's return on equity (ROE)?
BETA TECHNOLOGIES INC (BETA) has a return on equity of -41.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BETA TECHNOLOGIES INC's free cash flow?
BETA TECHNOLOGIES INC (BETA) recorded an outflow of $313.2M in free cash flow during fiscal year 2025. This represents a -5.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BETA TECHNOLOGIES INC's operating cash flow?
BETA TECHNOLOGIES INC (BETA) recorded an outflow of $267.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are BETA TECHNOLOGIES INC's total assets?
BETA TECHNOLOGIES INC (BETA) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are BETA TECHNOLOGIES INC's capital expenditures?
BETA TECHNOLOGIES INC (BETA) invested $45.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does BETA TECHNOLOGIES INC spend on research and development?
BETA TECHNOLOGIES INC (BETA) invested $259.9M in research and development during fiscal year 2025.
What is BETA TECHNOLOGIES INC's current ratio?
BETA TECHNOLOGIES INC (BETA) had a current ratio of 22.77 as of fiscal year 2025, which is generally considered healthy.
What is BETA TECHNOLOGIES INC's debt-to-equity ratio?
BETA TECHNOLOGIES INC (BETA) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BETA TECHNOLOGIES INC's return on assets (ROA)?
BETA TECHNOLOGIES INC (BETA) had a return on assets of -35.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BETA TECHNOLOGIES INC's P/E ratio?
BETA TECHNOLOGIES INC (BETA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $5.0B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BETA TECHNOLOGIES INC's price-to-sales ratio?
BETA TECHNOLOGIES INC (BETA) trades at 113x sales, its market capitalization divided by revenue of $44.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.0B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does BETA TECHNOLOGIES INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, BETA TECHNOLOGIES INC (BETA) held $1.7B in cash, cash equivalents and investments, and reported an operating cash outflow of $267.8M over that year. Dividing the one by the other, the reported balance equals about 77 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is BETA TECHNOLOGIES INC's Altman Z-Score?
BETA TECHNOLOGIES INC (BETA) has an Altman Z-Score of 9.60, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BETA TECHNOLOGIES INC's Piotroski F-Score?
BETA TECHNOLOGIES INC (BETA) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BETA TECHNOLOGIES INC's earnings high quality?
BETA TECHNOLOGIES INC (BETA) reported a net loss of $745.9M while operations used $267.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can BETA TECHNOLOGIES INC cover its interest payments?
BETA TECHNOLOGIES INC (BETA) reported an operating loss of $372.7M against $13.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BETA TECHNOLOGIES INC?
BETA TECHNOLOGIES INC (BETA) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.