What is BETA TECHNOLOGIES INC's earnings per share (EPS)?

BETA TECHNOLOGIES INC (BETA) reported diluted earnings per share of $-12.85 for fiscal year 2025. This represents a -89.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BETA TECHNOLOGIES INC Financials

BETA

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BETA TECHNOLOGIES INC (BETA) financial statements, including the 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).

Rhea AI BETA FY2025 2026-05-12

External capital, not customer revenue, is funding a research-heavy buildout while limited sales still earn positive gross profit.

Between FY2024 and FY2025, cash rose from $301M to $1.71B. That stronger liquidity was financing-driven: cash from financing of $1.73B easily outweighed free cash burn of -$313M, so the balance sheet improved even though the business itself was still consuming cash.

The company still behaves like a development-stage operation: FY2025 revenue was only $35.6M, while R&D alone reached $259.9M. A gross margin of 72.2% suggests the small amount sold was not inherently low-margin; the real issue is that capability-building costs are far ahead of current commercial scale.

The balance sheet is unusually fortified for a loss-making business, with cash of $1.71B against total liabilities of just $288.4M. Debt-to-equity also fell from 0.3x to 0.1x, which means financial leverage eased as new capital enlarged equity even while operating losses stayed heavy.

Financial Health Signals

Financial Health Score 61/100

Scored as: Emerging companies peer group

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.

Cash Runway

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Safe

7.14

BETA TECHNOLOGIES INC scores 7.14, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.9B) 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.

Piotroski F-Score Partial

5/8

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.

Earnings Quality Low Quality

0.36x

For every $1 of reported earnings, BETA TECHNOLOGIES INC generates $0.36 in operating cash flow (-$267.8M OCF vs -$745.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-28.7x

BETA TECHNOLOGIES INC earns $-28.7 in operating income for every $1 of interest expense (-$372.7M vs $13.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$35.6M

YoY+136.0%

BETA TECHNOLOGIES INC generated $35.6M in revenue in fiscal year 2025. This represents an increase of 136.0% from the prior year.

EBITDA

-$350.6M

YoY-37.1%

BETA TECHNOLOGIES INC's EBITDA was -$350.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.1% from the prior year.

Net Income

-$745.9M

YoY-170.6%

BETA TECHNOLOGIES INC reported -$745.9M in net income in fiscal year 2025. This represents a decrease of 170.6% from the prior year.

EPS (Diluted)

$-12.85

YoY-89.8%

BETA TECHNOLOGIES INC earned $-12.85 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 89.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$313.2M

YoY-5.8%

BETA TECHNOLOGIES INC generated -$313.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 5.8% from the prior year.

Cash & Debt

$1.7B

YoY+467.4%

BETA TECHNOLOGIES INC held $1.7B in cash against $179.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

72.2%

YoY+2.1pp

BETA TECHNOLOGIES INC's gross margin was 72.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.1 percentage points from the prior year.

Operating Margin

-1046.3%

YoY+757.4pp

BETA TECHNOLOGIES INC's operating margin was -1046.3% in fiscal year 2025, reflecting core business profitability. This is up 757.4 percentage points from the prior year.

Net Margin

-2094.2%

YoY-267.8pp

BETA TECHNOLOGIES INC's net profit margin was -2094.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 267.8 percentage points from the prior year.

Return on Equity

-41.0%

YoY+22.2pp

BETA TECHNOLOGIES INC's ROE was -41.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 22.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$259.9M

YoY+25.6%

BETA TECHNOLOGIES INC invested $259.9M in research and development in fiscal year 2025. This represents an increase of 25.6% from the prior year.

Share Buybacks

YoY-100.0%

BETA TECHNOLOGIES INC spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$45.4M

YoY-38.2%

BETA TECHNOLOGIES INC invested $45.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 38.2% from the prior year.

BETA Income Statement

Metric	FY25	FY24	FY23
Revenue	$35.6M+136.0%	$15.1M-1.7%	$15.4M
Cost of Revenue	$9.9M+119.1%	$4.5M+123.2%	$2.0M
Gross Profit	$25.7M+143.2%	$10.6M-20.7%	$13.3M
R&D Expenses	$259.9M+25.6%	$206.9M+49.6%	$138.3M
SG&A Expenses	$138.5M+82.5%	$75.9M+23.1%	$61.6M
Operating Income	-$372.7M-36.9%	-$272.2M-45.9%	-$186.6M
Interest Expense	$13.0M+13.5%	$11.4M+3146.3%	$352K
Income Tax	$756K+47.1%	$514K-50.1%	$1.0M
Net Income	-$745.9M-170.6%	-$275.6M-57.0%	-$175.6M
EPS (Diluted)	$-12.85-89.8%	$-6.77-50.4%	$-4.50

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Revenue	$10.1M	N/A	$8.9M-7.1%	$9.6M	N/A	$3.1M
Cost of Revenue	$4.3M	N/A	$2.7M+57.7%	$1.7M	N/A	$1.2M
Gross Profit	$5.8M	N/A	$6.2M-21.4%	$7.9M	N/A	$1.9M
R&D Expenses	$91.7M	N/A	$56.4M-2.6%	$57.9M	N/A	$54.0M
SG&A Expenses	$47.0M	N/A	$30.4M+8.4%	$28.0M	N/A	$20.8M
Operating Income	-$133.0M	N/A	-$80.6M-3.3%	-$78.0M	N/A	-$73.0M
Interest Expense	$3.6M	N/A	$3.5M+21.1%	$2.9M	N/A	$2.9M
Income Tax	$216K	N/A	$253K+158.2%	$98K	N/A	$191K
Net Income	-$122.3M	N/A	-$437.2M-458.5%	-$78.3M	N/A	-$75.1M
EPS (Diluted)	$-0.53	N/A	$-9.83-396.5%	$-1.98	N/A	$-1.81

BETA Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$2.1B+216.1%	$666.4M	N/A
Current Assets	$1.7B+431.4%	$327.3M	N/A
Cash & Equivalents	$1.7B+467.4%	$301.4M+18.9%	$253.5M
Inventory	N/A	N/A	N/A
Accounts Receivable	$5.7M+167.1%	$2.2M	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$288.4M+25.2%	$230.4M	N/A
Current Liabilities	$76.4M+35.1%	$56.6M	N/A
Long-Term Debt	$179.8M+20.5%	$149.2M	N/A
Total Equity	$1.8B+317.0%	$435.9M+13.1%	$385.4M
Retained Earnings	-$1.9B-97.4%	-$969.3M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.0B-4.4%	$2.1B+97.0%	$1.1B	N/A	$666.4M	N/A
Current Assets	$1.6B-6.8%	$1.7B+144.1%	$712.5M	N/A	$327.3M	N/A
Cash & Equivalents	$1.6B-7.1%	$1.7B+148.7%	$687.6M+190.7%	$236.6M-21.5%	$301.4M+476.9%	$52.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$6.4M+11.9%	$5.7M-25.2%	$7.7M	N/A	$2.2M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$287.8M-0.2%	$288.4M+3.2%	$279.4M	N/A	$230.4M	N/A
Current Liabilities	$75.9M-0.7%	$76.4M+11.8%	$68.3M	N/A	$56.6M	N/A
Long-Term Debt	$177.6M-1.2%	$179.8M+0.4%	$179.1M	N/A	$149.2M	N/A
Total Equity	$1.7B-5.1%	$1.8B+130.1%	$789.9M+115.6%	$366.4M-15.9%	$435.9M+122.4%	$196.1M
Retained Earnings	-$2.0B-6.4%	-$1.9B-20.7%	-$1.6B	N/A	-$969.3M	N/A

BETA Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$267.8M-20.3%	-$222.7M-40.9%	-$158.0M
Capital Expenditures	$45.4M-38.2%	$73.5M-52.0%	$153.2M
Free Cash Flow	-$313.2M-5.8%	-$296.2M+4.8%	-$311.3M
Investing Cash Flow	-$44.1M+35.9%	-$68.8M+54.8%	-$152.3M
Financing Cash Flow	$1.7B+408.4%	$339.3M+152.6%	$134.3M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$530K	$0

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$95.4M-13.0%	-$84.4M	N/A	-$58.3M-1.5%	-$57.4M	N/A
Capital Expenditures	$24.2M+22.2%	$19.8M	N/A	$6.7M-69.4%	$21.8M	N/A
Free Cash Flow	-$119.5M-14.7%	-$104.2M	N/A	-$64.9M+18.0%	-$79.2M	N/A
Investing Cash Flow	-$24.2M-22.7%	-$19.7M	N/A	-$6.3M+64.3%	-$17.5M	N/A
Financing Cash Flow	-$1.2M-100.1%	$1.1B	N/A	-$310K-100.1%	$324.0M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	N/A	N/A	$0	N/A

BETA Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	72.2%+2.1pp	70.1%-16.8pp	86.8%
Operating Margin	-1046.3%+757.4pp	-1803.7%-588.9pp	-1214.9%
Net Margin	-2094.2%-267.8pp	-1826.4%-683.2pp	-1143.2%
Return on Equity	-41.0%+22.2pp	-63.2%-17.7pp	-45.6%
Return on Assets	-35.4%+6.0pp	-41.4%	N/A
Current Ratio	22.77+17.0	5.79	N/A
Debt-to-Equity	0.10-0.2	0.34	N/A
FCF Margin	-879.5%+1082.9pp	-1962.4%+64.4pp	-2026.8%

Metric	Q1'26	Q4'25	Q3'25	Q1'25	Q4'24	Q3'24
Gross Margin	57.6%	N/A	69.3%-12.6pp	81.9%	N/A	61.2%
Operating Margin	-1312.1%	N/A	-903.5%-90.7pp	-812.8%	N/A	-2380.9%
Net Margin	-1207.0%	N/A	-4902.6%-4087.1pp	-815.5%	N/A	-2448.3%
Return on Equity	-7.1%	N/A	-55.4%-34.0pp	-21.4%	N/A	-38.3%
Return on Assets	-6.1%	N/A	-40.9%	N/A	N/A	N/A
Current Ratio	21.37-1.4	22.77+12.3	10.43	N/A	5.79	N/A
Debt-to-Equity	0.100.0	0.10-0.1	0.23	N/A	0.34	N/A
FCF Margin	-1179.7%	N/A	N/A	-676.6%	N/A	N/A

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% 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, with a net profit margin of -2094.2%.

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 operating margin?

BETA TECHNOLOGIES INC (BETA) had an operating margin of -1046.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BETA TECHNOLOGIES INC's net profit margin?

BETA TECHNOLOGIES INC (BETA) had a net profit margin of -2094.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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) generated -$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) generated -$267.8M in operating cash flow during fiscal year 2025, representing cash generated from 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 cash runway?

Based on fiscal year 2025 data, BETA TECHNOLOGIES INC (BETA) had $1.7B in cash against an annual operating cash burn of $267.8M. This gives an estimated cash runway of approximately 77 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is BETA TECHNOLOGIES INC's Altman Z-Score?

BETA TECHNOLOGIES INC (BETA) has an Altman Z-Score of 7.14, 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) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). 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) has an interest coverage ratio of -28.7x, meaning it can struggle to cover its interest obligations. 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 61 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.