BETA Technologies, Inc.
beta.teamWhat Do They Do?
Sells electric aircraft, propulsion systems and charging equipment to commercial operators, military customers and aerospace manufacturers.
10-K for FY2025, filed Mar 9, 2026We are redefining the aerospace industry. We have developed an electric aircraft platform and propulsion systems that are positioned to…View ↗
(1)selling aircraft to military and commercial customers such as UPS, Air New Zealand and United Therapeutics;View ↗
(3)selling propulsion systems as a merchant supplier to other eVTOL manufacturers such as Embraer-backed EVE Air Mobility (“EVE”), Textron…View ↗
We currently sell our aircraft components and GSE to civil aircraft operators, A&D OEMs and ground support operators.View ↗
How Do They Make Money?
Commercial and government customers generally pay at contract milestones or when goods or services are completed or delivered. The company earns fees over time for research, development and service work; other goods and services are earned when delivered.
10-K for FY2025, filed Mar 9, 2026The Company’s revenues are derived from contracts with commercial and government customers and include the sale of products and services…View ↗
The Company’s contracts generally require payment based on contractually-stated milestones or upon completion or delivery of goods or…View ↗
The Company recognizes revenue over time for a performance obligation when (i) there is a continuous transfer of control to the customer…View ↗
The Company's point-in-time revenues are recognized when a customer obtains control of promised goods or services, which the Company has…View ↗
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10-K for FY2025, filed Mar 9, 2026
FY2025 revenue by product or service ↗
$35.6M
-
10-K for FY2025, filed Mar 9, 2026
$35.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Mar 9, 2026 |
35% |
Product, FY2025
$12.4M Sources
|
Sold outright |
|
Service
Mix
10-K for FY2025, filed Mar 9, 2026 |
65% |
Service, FY2025
$23.2M Sources
|
Mix |
Who Are Their Customers?
Customers include commercial aircraft operators, aerospace and defense manufacturers, and fixed-base operators and government entities. The company sells aircraft, components and charging equipment to these groups.
10-K for FY2025, filed Mar 9, 2026We currently sell our aircraft components and GSE to civil aircraft operators, A&D OEMs and ground support operators.View ↗
Our customers range from airlines, logistics operators, medical providers and aircraft lessors to defense contractors and aerospace…View ↗
Current customers and partners include: Fixed Base Operators including Signature Aviation and Atlantic Aviation; aircraft customers…View ↗
Do Revenues Turn Into Profits?
No. It lost $745.9M in FY2025.
10-K for FY2025, filed Mar 9, 2026
−$372.7MView ↗
10-K for FY2025, filed Mar 9, 2026
−$745.9MView ↗
10-K for FY2025, filed Mar 9, 2026
−$313.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 12, 2026
−$148.8MView ↗
- ▲ +85% (Loss)
- vs −$80.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
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Aug 12, 2026
Raises revenue outlook and updates adjusted EBITDA outlook
Raised full-year 2026 revenue guidance to $42 million to $50 million and updated adjusted EBITDA guidance to ($400) million to ($445) million.
Sources
8-K, filed Aug 12, 2026
BETA increases our full year 2026 revenues to be in the range of $42 million to $50 million and updates full year 2026 Adjusted EBITDA to…View ↗
Growing.
Revenue grew 2.3x in 2 years, from $15.4M in FY2023 to $35.6M in FY2025, about 52% a year.
10-K for FY2025, filed Mar 9, 2026
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