BETA - BETA Technologies,... Stock Analysis | Stock Taper
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BETA Technologies, Inc.

BETA

BETA Technologies, Inc. NYSE
$18.80 -4.69% (-0.93)

Market Cap $4.15 B
52w High $39.50
52w Low $15.61
P/E -4.83
Volume 653.02K
Outstanding Shares 220.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.92M $86.75M $-437.21M -4.9K% $-1.97 $-427.7M
Q2-2025 $7.78M $84.99M $-79.35M -1.02K% $-2 $-73.41M
Q1-2025 $7.78M $84.99M $-79.35M -1.02K% $-2 $-73.41M
Q4-2024 $4.44M $74.09M $-76.44M -1.72K% $-0.39 $-68.1M

What's going well?

Revenue is growing at a double-digit pace, showing some demand for the company's products. The company still earns a high gross margin, suggesting a potentially valuable business model if costs can be controlled.

What's concerning?

Losses exploded this quarter, margins are shrinking, and the share count soared, hurting existing shareholders. Massive 'other' expenses and bloated costs mean the company is burning cash fast with no clear path to profitability.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $692.19M $1.07B $279.45M $789.89M
Q4-2024 $301.55M $666.37M $230.43M $435.94M

What's financially strong about this company?

BETA has more than enough cash to cover all its debts and bills many times over. Its assets are high quality and almost entirely tangible, with no risky goodwill. The company’s liquidity and equity position both improved sharply this quarter.

What are the financial risks or weaknesses?

Retained earnings are deeply negative, showing the company has a history of losses. Debt has increased, though it remains manageable. Deferred revenue dropped, so less cash is coming in upfront from customers.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-437.21M $-68.84M $-12.59M $596.05M $514.56M $-81.8M
Q2-2025 $-79.35M $-57.27M $-5.89M $1.17M $0 $-63.62M
Q1-2025 $-79.35M $-57.27M $-5.89M $1.17M $0 $-63.62M
Q4-2024 $-76.44M $-57.4M $-17.5M $324M $301.55M $-79.23M

What's strong about this company's cash flow?

The company successfully raised over $570 million in new funding, boosting its cash reserves to $692.6 million. This gives it a comfortable cash cushion for now.

What are the cash flow concerns?

Operations are burning more cash each quarter, and the business is highly dependent on raising new money to survive. Heavy stock issuance is diluting existing shareholders, and working capital trends are negative.

Q3 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at BETA Technologies, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

BETA combines a sizable cash position, growing asset base, and strong equity backing with a differentiated strategy in electric aviation. It is building an integrated ecosystem of aircraft, charging infrastructure, and services, supported by vertical integration and partnerships with established industrial and defense players. Its liquidity appears robust in the near term, and its diversified end‑market focus—cargo, medical, and defense rather than only urban air taxis—broadens potential revenue streams once products are certified and scaled.

! Risks

The main risks are financial and execution‑related. Losses are large and widening, cash burn is heavy, and profitability is not in sight, which implies continued reliance on external capital and potential shareholder dilution. Technologically, BETA must prove that its aircraft, batteries, and hybrid systems meet demanding safety, range, and cost requirements. Regulatory approvals could be slower or more complex than expected, and the competitive landscape is crowded with both startups and established aerospace firms aiming at similar markets.

Outlook

BETA’s outlook is that of a high‑potential, high‑uncertainty aerospace innovator. The company is strategically positioned in an emerging field with meaningful technological and infrastructure advantages, but its financials reflect an early‑stage profile with significant cash needs and no established profit engine. Over the next several years, progress on certification, infrastructure rollout, customer deployments, and cash burn will be critical indicators of whether BETA can transition from a promising technology platform to a sustainable commercial aviation business.