InsiderClue
Stocks · Industrials · Aircraft

BETA Technologies, Inc.

BETA Clue Score61
United States Fiscal year ends December CIK 0001784570
$20.98 +2.34% Close, 9 Oct 2026
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Price $20.98 −41.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 4 Nov 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue15.4Operating income−186.6Net income−175.6EPS, diluted−4.50Fiscal year 2024Revenue15.1 −1.7%Operating income−272.2Net income−275.6EPS, diluted−6.77Fiscal year 2025Revenue35.6 +136.0%Operating income−372.7Net income−745.9EPS, diluted−12.85
FY2023FY2024FY2025
Revenue 15.4 15.1 35.6
Growth −1.7% +136.0%
Operating income −186.6 −272.2 −372.7
Net income −175.6 −275.6 −745.9
Growth
EPS, diluted −4.50 −6.77 −12.85

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin86.8%Operating margin−1,214.9%Net margin−1,143.2%Free cash flow margin−2,026.8%Fiscal year 2024Gross margin70.1%Operating margin−1,803.7%Net margin−1,826.4%Free cash flow margin−1,962.4%Fiscal year 2025Gross margin72.2%Operating margin−1,046.3%Net margin−2,094.2%Free cash flow margin−879.5%
FY2023FY2024FY2025
Gross margin 86.8% 70.1% 72.2%
Operating margin −1,214.9% −1,803.7% −1,046.3%
Net margin −1,143.2% −1,826.4% −2,094.2%
Free cash flow margin −2,026.8% −1,962.4% −879.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−158.0Capital expenditure−153.2Free cash flow−311.3Buybacks0.0Fiscal year 2024Operating cash flow−222.7Capital expenditure−73.5Free cash flow−296.2Buybacks−0.5Fiscal year 2025Operating cash flow−267.8Capital expenditure−45.4Free cash flow−313.2Buybacks0.0
FY2023FY2024FY2025
Operating cash flow −158.0 −222.7 −267.8
Capital expenditure −153.2 −73.5 −45.4
Free cash flow −311.3 −296.2 −313.2
Growth
Buybacks 0.0 −0.5 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash253.5Shareholders’ equity385.4Fiscal year 2024Cash301.4Total debt152.1Net cash (debt)149.3Shareholders’ equity435.9Debt to equity0.35Fiscal year 2025Cash1,710.2Total debt185.5Net cash (debt)1,524.7Shareholders’ equity1,817.8Debt to equity0.10
FY2023FY2024FY2025
Cash 253.5 301.4 1,710.2
Total debt n/a 152.1 185.5
Net cash (debt) n/a 149.3 1,524.7
Shareholders’ equity 385.4 435.9 1,817.8
Debt to equity n/a 0.35 0.10

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
15.4 15.1 35.6
Growth −1.7% +136.0%
2.0 4.5 9.9
13.3 10.6 25.7
Growth −20.7% +143.2%
138.3 206.9 259.9
61.6 75.9 138.5
−186.6 −272.2 −372.7
Growth
−174.5 −275.1 −745.1
1.0 0.5 0.8
−175.6 −275.6 −745.9
Growth
Per share
−4.50 −6.77 −12.85
−4.50 −6.77 −12.85
Growth
44.9 45.2 75.0
44.9 45.2 75.0
Growth +0.7% +65.7%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 3 of 3 years on file.