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BETA Technologies BETA · USD

Industrials · US listing · 🇺🇸 United States

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28.52

+5.16%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$35.6m

FY2023FY2025

Net income

−$745.9m

FY2023FY2025

Free cash flow

−$313.2m

FY2023FY2025

Shareholders' equity

$1.82bn

FY2023FY2025

Income statement

Fiscal years

FY2025FY2024FY2023
Revenue$35.6m$15.1m$15.4m
Gross profit$25.7m−$5.9m$4.7m
Research and development$259.9m$206.9m$138.3m
Operating income−$372.7m−$272.2m−$186.6m
Net income−$745.9m−$275.6m−$175.6m
Diluted earnings per share-3.25-1.23-3.90

Balance sheet

At each fiscal year end

FY2025FY2024FY2023
Total assets$2.13bn$666.4m$579.2m
Cash and short-term investments$1.71bn$301.5m$253.7m
Total liabilities$309.8m$230.4m$193.8m
Debt$185.5m$152.1m$134.6m
Shareholders' equity$1.82bn$435.9m$385.4m
Shares outstanding229m224m45m

Cash flow

Fiscal years

FY2025FY2024FY2023
Cash from operations−$267.8m−$222.7m−$158.0m
Capital spending−$45.4m−$73.5m−$153.2m
Free cash flow−$313.2m−$296.2m−$311.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$14.7m$10.1m$11.1m$8.9m$7.8m$7.8m$4.4m$3.1m
Gross profit$8.0m−$319,000$6.9m$6.2m$6.3m$6.3m−$1.9m$1.9m
Operating income−$158.1m−$133.0m−$134.8m−$80.6m−$79.2m−$79.2m−$76.0m−$73.0m
Net income−$148.8m−$122.3m−$150.0m−$437.2m−$79.3m−$79.3m−$76.4m−$75.1m
Diluted earnings per share-0.64-0.53-0.65-1.91-0.35-0.35-0.34-0.34
Cash from operations−$74.0m−$95.0m−$84.0m−$68.0m−$56.0m−$58.0m−$57.0m−$63.0m
Capital spending−$41.0m−$24.0m−$19.0m−$12.0m−$6.0m−$6.0m−$21.0m−$13.0m
Free cash flow−$115.0m−$119.0m−$103.0m−$80.0m−$62.0m−$64.0m−$78.0m−$76.0m
Total assets$1.93bn$2.01bn$2.13bn$1.07bn——$666.4m—
Cash and short-term investments$1.48bn$1.59bn$1.71bn$692.2m——$301.5m—
Debt$10.4m$186.4m$187.1m$186.3m——$4.6m—
Shareholders' equity$1.62bn$1.73bn$1.82bn$789.9m——$435.9m—

Financial ratios

Data as of 21 Oct 2026

FY2025FY2024FY2023
Gross margin72.2%-39.0%30.7%
Operating margin-2055.6%-1747.3%-1134.2%
Net margin-2094.2%-1826.4%-1143.2%
Return on equity-41.0%-63.2%-45.5%
Return on assets-35.1%-41.4%-30.3%
Free cash flow yield-6.3%-5.4%-19.0%
Revenue growth136.0%-1.7%—
Earnings growth170.6%57.0%—
Current ratio22.77x5.79x7.74x
Debt to equity0.10x0.01x0.00x
Equity ratio85.4%65.4%66.5%
Interest coverage-56.44x-23.08x-494.83x
R&D as a share of sales729.7%1371.0%900.4%
Buybacks as a share of market value-2.4%-397.4%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin39.1%———

Valuation history

At each fiscal year end

FY2025
Price to earnings-8.7
Price to sales181.6

Market value over time

28 Nov 2025 to 20 Oct 2026, in USD

$5.99bn$4.21bn

Share price return

Finished calendar years

2025
Return-16%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.