Beta Technologies (BETA) financial statements
Beta Technologies reported revenue of $36M in fiscal 2025, up 52.3% a year over 2 years.
Net income was -$746M and the operating margin -1046.3%, against -1214.9% in 2023.
Free cash flow was -$313M.
The diluted share count rose 67% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Beta Technologies's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $15M | $15M | $36M |
| Cost of revenue | $2M | $5M | $10M |
| Gross profit | $13M | $11M | $26M |
| Research and development | $138M | $207M | $260M |
| Selling, general and admin | $62M | $76M | $138M |
| Operating income | -$187M | -$272M | -$373M |
| Interest expense | $352,000 | $11M | $13M |
| Pre-tax income | -$175M | -$275M | -$745M |
| Income tax | $1M | $514,000 | $756,000 |
| Net income | -$176M | -$276M | -$746M |
| EPS (diluted) | -$4.50 | -$6.77 | -$12.85 |
| Diluted shares | 45M | 45M | 75M |
| Gross margin | 86.8% | 70.1% | 72.2% |
| Operating margin | -1214.9% | -1803.7% | -1046.3% |
| Net margin | -1143.2% | -1826.4% | -2094.2% |
Balance sheet
Fiscal years, from Beta Technologies's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $254M | $301M | $1.7B |
| Receivables | — | $2M | $6M |
| Total current assets | — | $327M | $1.7B |
| Property, plant and equipment | — | $320M | $349M |
| Total assets | — | $666M | $2.1B |
| Total current liabilities | — | $57M | $76M |
| Long-term debt | — | $149M | $180M |
| Total liabilities | — | $230M | $288M |
| Shareholders' equity | $385M | $436M | $1.8B |
| Net debt | -$254M | -$149M | -$1.5B |
Cash flow
Fiscal years, from Beta Technologies's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$158M | -$223M | -$268M |
| Capital spending | $153M | $74M | $45M |
| Free cash flow | -$311M | -$296M | -$313M |
| Stock-based compensation | $9M | $12M | $35M |
| Share buybacks (net) | $0 | -$530,000 | $0 |
| Net borrowing | $135M | $15M | -$4M |
| Free cash flow margin | -2026.8% | -1962.4% | -879.5% |
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Open BETA in InvestinglyQuestions
What was Beta Technologies's revenue in 2025?
$36M in fiscal 2025, from its 10-K filing.
How much free cash flow does Beta Technologies generate?
-$313M in fiscal 2025 (operating cash flow minus capital spending).
From Beta Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.