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Annual figures as reported in 10-K / 20-F / 40-F filings.
BETA · CIK 0001784570

BETA Technologies, Inc.

Annual figures as reported, FY2022–FY2025. Ratios and growth rates derived on-page.

BETA logo
Aircraft
Company profile
NYSE · BETAHQ South Burlington, VTIncorporated in DEFiscal year ends Dec 31 Emerging growth company
Revenue
$35.6M
▲ +136.0% vs FY2024
Net income
−$745.9M
▼ −170.6% vs FY2024
Free cash flow
−$313.2M
▼ −5.8% vs FY2024
Diluted EPS
−$12.85
▼ −89.8% vs FY2024

Revenue

Annual, as reported

010M20M30M’23’24’25$35.6M

Net income

Losses shown in terracotta

−600M−400M−200M0’23’24’25−$745.9M

Recent quarters

momentum · last 12 quarters
Revenue — Mar ’26 quarter
$10.1M
▲ +5.6% vs Mar ’25
Net income — Mar ’26 quarter
−$122.3M
▼ −56.2% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

05M10MSep ’24Mar ’25Sep ’25Mar ’26$10.1M

Quarterly net income

Losses shown in terracotta

−400M−200M0Sep ’24Mar ’25Sep ’25Mar ’26−$122.3M
QuarterRevenueRev. YoYGross marginNet incomeNet marginDiluted EPS
Mar ’26$10.1M5.6%57.6%−$122.3M−1207.0%−$0.53
Sep ’25$8.9M190.9%69.3%−$437.2M−4902.6%−$9.83
Mar ’25$9.6M—81.9%−$78.3M−815.5%−$1.98
Sep ’24$3.1M—61.2%−$75.1M−2448.3%−$1.81

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-2000%-1000%0%’23’24’25
Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

-60%-40%-20%0%’23’24’25
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−300M−200M−100M0’23’24’25−$313.2M

Operating cash flow

Net cash from operations

−200M−100M0’23’24’25−$267.8M

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

0200K400K’23’24’25
Buybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

020M40M60M’23’24’2575M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

0500M1B1.5B’22’23’24’25$1.8B

Net debt

Long-term debt less cash — negative means net cash

−1.5B−1B−500M0’24’25−$1.5B

Key ratios

derived per fiscal year
Fiscal yearGross marginOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY202572.2%−1046.3%−2094.2%−879.5%−41.0%−35.4%22.77×0.10×
FY202470.1%−1803.7%−1826.4%−1962.4%−63.2%−41.4%5.79×0.34×
FY202386.8%−1214.9%−1143.2%−2026.8%−45.5%———
FY2022————————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2025$35.6M$25.7M−$372.7M−$745.9M−$12.85−$267.8M$45.4M$2.1B$288.4M$1.8B$1.7B$185.5M
FY2024$15.1M$10.6M−$272.2M−$275.6M−$6.77−$222.7M$73.5M$666.4M$230.4M$435.9M$301.4M$149.2M
FY2023$15.4M$13.3M−$186.6M−$175.6M−$4.50−$158.0M$153.2M——$385.4M$253.5M—
FY2022—————————$551.3M$430.3M—

Latest filings

the most recent regulatory filings
144Notice of proposed insider sale2026-07-02 ↗4PRIMARY DOCUMENT2026-07-01 ↗144Notice of proposed insider sale2026-07-01 ↗144Notice of proposed insider sale2026-06-30 ↗144Notice of proposed insider sale2026-06-29 ↗4PRIMARY DOCUMENT2026-06-26 ↗144Notice of proposed insider sale2026-06-26 ↗144Notice of proposed insider sale2026-06-25 ↗144Notice of proposed insider sale2026-06-24 ↗4PRIMARY DOCUMENT2026-06-23 ↗

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