BETA Technologies, Inc.

Listed Company

BETACIK 0001784570NYSENon-AcceleratedEmerging GrowthAircraftDelawareFY ends Dec 31

Period

FY 2025

Revenue

$35.62M

Net Income

$-745.87M

Total Assets

$2.11B

Equity

$1.82B

Shares Out

37.58M

Op. Cash Flow

$-267.80M

Business

BETA Technologies, Inc. is a publicly listed company in Aircraft, incorporated in Delaware. Common stock trades on NYSE under the ticker BETA.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenues	36	15	15
Cost of revenues	10	5	2
Gross margin	26	11	13
Research and development	260	207	138
General and administrative	138	76	62
Total operating expenses	398	283	200
Loss from operations	−373	−272	−187
Interest expense	13	11	352,000
Interest income	−20	−9	−12
Loss on issuance of convertible preferred stock	380	0	0
Total other expense (income)	372	3	−12
Loss before income taxes	−745	−275	−175
Income tax expense	756,000	514,000	1
Net loss	−746	−276	−176
Preferred Stock PIK dividend	217	31	26
Net loss attributable to common stockholders, basic	−963	−306	−202
Net loss attributable to common stockholders, diluted	−963	−306	−202
Net loss per share attributable to common stockholders, basic (in dollars per share)	−12.85	−6.77	−4.5
Net loss per share attributable to common stockholders, diluted (in dollars per share)	−12.85	−6.77	−4.5
Foreign currency translation adjustments	197,000	−194,000	37,000
Comprehensive loss	−746	−276	−176

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	1,710	301	254	—
Accounts receivable	6	2	—	—
Prepaid expenses and other current assets	23	24	—	—
Total current assets	1,739	327	—	—
Property and equipment, net	349	320	—	—
Operating lease right-of-use assets	16	16	—	—
Other non-current assets	2	3	—	—
Total assets	2,106	666	—	—
Accounts payable	25	16	—	—
Accrued expenses	35	25	—	—
Deferred revenue	4	6	—	—
Operating lease liabilities	2	2	—	—
Notes payable	6	3	—	—
Other current liabilities	6	5	—	—
Total current liabilities	76	57	—	—
Deferred revenue, non-current	13	6	—	—
Operating lease liabilities, non-current	17	17	—	—
Notes payable, non-current	180	149	—	—
Other liabilities	3	2	—	—
Total liabilities	288	230	—	—
Commitments and contingencies (see Note 7)	—	—	—	—
Treasury stock	0	−6	—	—
Additional paid-in capital	3,731	0	—	—
Accumulated deficit	−1,913	−969	—	—
Accumulated other comprehensive loss	−10,000	−207,000	—	—
Total stockholders equity and convertible preferred stock	1,818	436	385	551
Total liabilities, stockholders equity and convertible preferred stock	2,106	666	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation and amortization	22	16	9
Loss on disposal of property and equipment	3	365,000	2
Stock-based compensation	35	12	9
Warrant expense	6	0	0
Non-cash interest expense	2	2	239,000
Other	565,000	308,000	158,000
Accounts receivable	−4	34,000	−968,000
Prepaid expenses and other current assets	−662,000	6	−8
Other assets and liabilities	−10,000	10,000	1
Accounts payable, accrued expenses and current liabilities	30	6	6
Operating lease liabilities	−24,000	429,000	−257,000
Deferred revenue	3	9	−82,000
Net cash used in operating activities	−268	−223	−158
Purchases of property and equipment	−45	−74	−153
Proceeds from sale of property and equipment	1	5	907,000
Net cash used in investing activities	−44	−69	−152
Proceeds from sale-leaseback transaction	33	0	0
Proceeds from initial public offering, net of underwriters discounts and commissions	1,103	0	0
Payment of other initial public offering issuance costs	−10	0	0
Proceeds from issuance of promissory note	0	16	136
Payment of debt issuance costs	0	−191,000	−1
Repayment of borrowings	−4	−913,000	−973,000
Exercise of stock options	5	2	722,000
Principal payments on finance lease obligations	−62,000	−51,000	−4,000
Repurchase of common stock	0	−530,000	0
Net cash provided by financing activities	1,725	339	134
Effect of currency translation on cash, cash equivalents and restricted cash	28,000	25,000	−141,000
Increase (decrease) in cash, cash equivalents and restricted cash	1,413	48	−176
Cash paid for interest	11	9	112,000
Cash paid for taxes	168,000	30,000	196,000
Right-of-use assets recognized for new leases	2	817,000	736,000
Right-of-use assets modified for amendments	6,000	−930,000	342,000
Property and equipment recorded in accounts payable	8	8	13
Stock issuance costs recorded in accounts payable and accrued liabilities	591,000	11	0
Assets received in lieu of cash	0	1	0
Asset transferred to held for sale	0	888,000	425,000

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