BETA Technologies, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:27:28Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Free Cash Flow | -313.31M | -296.22M | -311.26M |
| EBITDA | -350.64M | -255.76M | -177.95M |
| Working Capital | 1.66B | 270.79M | — |
| Net Debt | -1.51B | -130.91M | — |
| Gross Margin | 72.20% | 70.06% | 86.81% |
| Operating Margin | -1046.35% | -1803.74% | -1214.89% |
| Net Margin | -2094.19% | -1826.43% | -1143.21% |
| Return on Equity (ROE) | -41.03% | -63.23% | -45.55% |
| Return on Assets (ROA) | -35.41% | -41.37% | — |
| Current Ratio | 22.77× | 5.79× | — |
| Debt-to-Equity | 0.11× | 0.39× | — |
| Effective Tax Rate | -0.10% | -0.19% | -0.59% |
| Cash Conversion Ratio | 0.36× | 0.81× | 0.90× |
| Accruals Ratio | -0.23× | -0.08× | — |
| SBC % of Revenue | 97.60% | 80.21% | 58.35% |
| CapEx Coverage | -5.88× | -3.03× | -1.03× |
| Free Cash Flow Per Share | $-4.18 | $-6.55 | $-6.93 |
Income Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 35.62M | 15.09M | 15.36M |
| Cost of Goods and Services Sold | 9.90M | 4.52M | 2.02M |
| Gross Profit | 25.71M | 10.57M | 13.33M |
| Research and Development Expense | 259.89M | 206.91M | 138.27M |
| Operating Expenses | 398.38M | 282.79M | 199.90M |
| Operating Income (Loss) | -372.67M | -272.22M | -186.57M |
| Income Tax Expense (Benefit) | 756.00K | 514.00K | 1.03M |
| Net Income (Loss) Attributable to Parent | -745.87M | -275.64M | -175.56M |
| Earnings Per Share, Basic | $-12.85 | $-6.77 | $-4.50 |
| Weighted Average Number of Shares Outstanding, Basic | 74.97M | 45.24M | 44.90M |
| Earnings Per Share, Diluted | $-12.85 | $-6.77 | $-4.50 |
| Weighted Average Number of Shares Outstanding, Diluted | 74.97M | 45.24M | 44.90M |
Balance Sheet
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.71B | 301.40M | 253.54M |
| Assets, Current | 1.74B | 327.34M | — |
| Assets | 2.11B | 666.37M | — |
| Long-term Debt | 185.51M | — | — |
| Liabilities, Current | 76.39M | 56.55M | — |
| Long-term Debt, Excluding Current Maturities | 179.80M | 149.23M | — |
| Liabilities | 288.43M | 230.43M | — |
| Stockholders' Equity Attributable to Parent | 1.82B | 435.94M | 385.44M |
| Common Stock, Shares, Outstanding | — | 37.04M | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -267.80M | -222.66M | -158.01M |
| Payments to Acquire Property, Plant, and Equipment | 45.45M | 73.51M | 153.24M |
| Net Cash Provided by (Used in) Investing Activities | -44.08M | -68.81M | -152.33M |
| Payments for Repurchase of Common Stock | 0 | 530.00K | 0 |
| Net Cash Provided by (Used in) Financing Activities | 1.73B | 339.33M | 134.33M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -119.55M | -104.21M | -209.09M | -64.96M | -79.24M | -216.98M |
| EBITDA | -126.81M | -129.04M | -74.78M | -72.90M | -70.87M | -69.11M |
| Working Capital | 1.54B | 1.66B | 644.19M | — | 270.79M | — |
| Net Debt | -1.38B | -1.51B | -484.32M | — | -130.91M | — |
| Gross Margin | 57.55% | 62.00% | 69.26% | 81.89% | 72.50% | 61.22% |
| Operating Margin | -1312.12% | -1210.42% | -903.50% | -812.76% | -1713.43% | -2380.95% |
| Net Margin | -1207.04% | -1346.98% | -4902.60% | -815.48% | -1722.83% | -2448.27% |
| Return on Equity (ROE) | -7.09% | -8.25% | -55.35% | -21.36% | -17.53% | -38.29% |
| Return on Assets (ROA) | -6.08% | -7.12% | -40.89% | — | -11.47% | — |
| Current Ratio | 21.37× | 22.77× | 10.43× | — | 5.79× | — |
| Debt-to-Equity | 0.12× | 0.11× | 0.26× | — | 0.39× | — |
| Effective Tax Rate | -0.18% | -0.12% | -0.06% | -0.13% | -0.35% | -0.26% |
| Cash Conversion Ratio | 0.78× | 0.56× | 0.42× | 0.74× | 0.75× | 2.20× |
| Accruals Ratio | -0.01× | -0.03× | -0.24× | — | -0.03× | — |
| SBC % of Revenue | 231.09% | 161.16% | 188.60% | 76.12% | 66.10% | 299.15% |
| CapEx Coverage | -3.94× | -4.26× | -7.13× | -8.70× | -2.63× | -3.20× |
| Free Cash Flow Per Share | $-0.52 | $-1.39 | $-4.55 | $-1.42 | $-1.75 | $-4.79 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 10.13M | 11.13M | 8.92M | 9.60M | 4.44M | 3.07M |
| Cost of Goods and Services Sold | 4.30M | 4.23M | 2.74M | 1.74M | 1.22M | 1.19M |
| Gross Profit | 5.83M | 6.90M | 6.18M | 7.86M | 3.22M | 1.88M |
| Research and Development Expense | 91.74M | 89.41M | 56.37M | 57.86M | 60.76M | 54.04M |
| Operating Expenses | 138.79M | 141.66M | 86.75M | 85.88M | 79.24M | 74.88M |
| Operating Income (Loss) | -132.96M | -134.76M | -80.57M | -78.02M | -76.03M | -73.00M |
| Income Tax Expense (Benefit) | 216.00K | 176.00K | 253.00K | 98.00K | 268.00K | 191.00K |
| Net Income (Loss) Attributable to Parent | -122.31M | -149.96M | -437.21M | -78.28M | -76.44M | -75.06M |
| Earnings Per Share, Basic | $-0.53 | $1.01 | $-9.83 | $-1.98 | $-1.92 | $-1.81 |
| Weighted Average Number of Shares Outstanding, Basic | 229.64M | 74.97M | 45.95M | 45.63M | 45.24M | 45.27M |
| Earnings Per Share, Diluted | $-0.53 | $1.01 | $-9.83 | $-1.98 | $-1.92 | $-1.81 |
| Weighted Average Number of Shares Outstanding, Diluted | 229.64M | 74.97M | 45.95M | 45.63M | 45.24M | 45.27M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.59B | 1.71B | 687.63M | 236.57M | 301.40M | 52.25M |
| Assets, Current | 1.62B | 1.74B | 712.51M | — | 327.34M | — |
| Assets | 2.01B | 2.11B | 1.07B | — | 666.37M | — |
| Long-term Debt | — | 185.51M | — | — | — | — |
| Liabilities, Current | 75.86M | 76.39M | 68.31M | — | 56.55M | — |
| Long-term Debt, Excluding Current Maturities | 177.60M | 179.80M | 179.10M | — | 149.23M | — |
| Liabilities | 287.85M | 288.43M | 279.45M | — | 230.43M | — |
| Stockholders' Equity Attributable to Parent | 1.73B | 1.82B | 789.89M | 366.44M | 435.94M | 196.06M |
| Common Stock, Shares, Outstanding | — | — | 37.58M | — | 37.04M | — |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -95.36M | -84.41M | -183.39M | -58.26M | -57.40M | -165.26M |
| Payments to Acquire Property, Plant, and Equipment | 24.18M | 19.78M | 25.66M | 6.68M | 21.83M | 51.68M |
| Net Cash Provided by (Used in) Investing Activities | -24.18M | -19.71M | -24.37M | -6.25M | -17.50M | -51.30M |
| Payments for Repurchase of Common Stock | — | 0 | 0 | — | 0 | 530.00K |
| Net Cash Provided by (Used in) Financing Activities | -1.25M | 1.13B | 598.38M | -310.00K | 324.00M | 15.33M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BETA CIK 0001784570),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.