BETA Technologies, Inc.
BETA · Aircraft · 44.9M shares · EDGAR filings ↗
Grade
D47Well-capitalized but pre-commercialization electric-aircraft maker with deep operating losses and no proven business model yet.
Strengths
- Exceptional liquidity: $1.7B cash (90.9th pct), ~22-quarter runway, current/quick ratio ~22.8 (90.9th pct), low leverage (D/E 0.10)
- High gross margin (72%, 80.9th pct) and a vertically integrated technology platform with real defense/cargo orders (UPS, United Therapeutics)
Risks
- Deeply unprofitable: net margin -20.9% (6.6th pct), operating margin -10.5% (9.4th pct), negative FCF (-$313M)
- Binary certification/commercialization risk; eVTOL/eCTOL market unproven and capital-intensive
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -2094.2%)
- Cash burnNegative free cash flow (-313.2M)
- Strong balance sheetStrong balance sheet — $1.7B cash & investments, ~22 quarters of runway
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
72.2%
Operating margin
-1046.3%
Net margin
-2094.2%
Return on equity
-41.0%
Return on assets
-35.4%
ROIC
-14.7%
Revenue growth (QoQ)
-9.0%
Debt / equity
0.1×
Current ratio
22.8×
Free cash flow
-$313M
EBITDA
-$351M
Tangible book value
$1.8B
Cash & investments
$1.7B
Cash runway
22q
Stock comp / revenue
97.6%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-15 | 2026-06-11 | 0001628280-26-043215 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001628280-26-033914 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001628280-26-033824 ↗ |
| 10-K | 2026-03-09 | 2025-12-31 | 0001628280-26-015838 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001628280-26-015788 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0001628280-26-009452 ↗ |
| 8-K/A | 2026-02-19 | 2026-02-18 | 0001628280-26-009466 ↗ |
| 10-Q | 2025-12-04 | 2025-09-30 | 0001628280-25-055234 ↗ |
| 8-K | 2025-12-04 | 2025-12-04 | 0001628280-25-055206 ↗ |
| 8-K | 2025-11-06 | 2025-11-03 | 0001193125-25-269718 ↗ |