BETA Technologies (BETA) investor relations material

Executive summary

• Achieved 146% year-over-year revenue growth in Q2 2026, reaching $14.7M, driven by commercial and defense milestones, including the launch of the MV250 hybrid-electric VTOL and eIPP operations.

• Expanded commercial backlog with new orders, including a term sheet with Loganair for CX300 aircraft, and grew partnerships with GE Aerospace, Archer, Macquarie, and Loganair.

• Demonstrated operational readiness with over 190,000 nautical miles flown and 138 charging sites established, with plans for up to 250 sites under the ACES initiative.

• Advanced defense and commercial programs in parallel, leveraging a common technology platform and achieving major technological and regulatory milestones.

• Focused on developing electric aircraft, propulsion systems, and charging infrastructure, with continued investment in R&D, facilities, and tooling.

Financial highlights

• Q2 2026 revenue reached $14.7M, up from $6.0M in Q2 2025, with a 95% increase in service revenue and a 29% increase in product revenue.

• Gross margin improved to $8.0M in Q2 2026, up 68% year-over-year; service gross margin up 179% to $6.4M.

• Adjusted EBITDA for Q2 2026 was $(109.8)M, within the guided range, compared to $(68.4)M in Q2 2025.

• Net loss for Q2 2026 was $(148.8)M, compared to $(80.4)M in Q2 2025.

• Cash and cash equivalents stood at $1.48B as of June 30, 2026, up from $174.5M a year earlier due to private financings and IPO proceeds.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $42–$50M, reflecting strong execution and visibility.

• Full-year adjusted EBITDA expected between $(400)M and $(445)M.

• Capital expenditures projected at $150–$200M for the year, with continued investments in machinery, equipment, and charging network expansion.

• Expects continued losses and negative operating cash flows until sustainable commercial operations commence.

• Q3 revenue expected at $8–$12M; adjusted EBITDA at $(115)M to $(125)M.