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BETA Technologies (BETA) investor relations material
BETA Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Dec, 2025
Executive summary
Completed a successful IPO on NYSE, raising $1.1B in net proceeds, and formed a $300M strategic partnership with GE Aerospace for hybrid-electric propulsion.
Achieved major certification milestones, including FAA Part 35 Type Certification for Hartzell propeller and advanced VTOL flight testing.
Aircraft and charging products are generating positive contribution margin, with a $3.5B deposit-backed aircraft backlog and $1B in enabling technologies/component backlog.
Expanded international presence with charger installations in the UAE, electrification of Abu Dhabi airports, and ALIA CTOL aircraft deliveries to Norway and New Zealand.
Three distinct aircraft programs in development for CTOL, VTOL, and military applications, leveraging vertical integration and strong regulatory relationships.
Financial highlights
Q3 2025 revenue was $8.9M, up from $3.1M in Q3 2024; year-to-date revenue reached $24.5M, up from $10.7M year-over-year.
Gross margin for Q3 2025 was $6.2M, or 69% of revenue, up from $1.9M year-over-year.
Q3 operating expenses totaled $86.8M, with $56.4M in R&D and $30.4M in SG&A; R&D represented 65% of total operating expenses.
Adjusted EBITDA for Q3 2025 was $(67.6)M; year-to-date adjusted EBITDA was $(200.7)M.
Net loss for Q3 2025 was $451.8M ($9.83/share), impacted by a $355.6M non-cash loss on preferred stock issuance; year-to-date net loss was $595.9M.
Ended Q3 with $687.6M in cash, not including $1.1B in IPO proceeds.
Q3 capital expenditures were $13M; major industrialization investments already completed, including a 188,000 sq ft facility.
Outlook and guidance
Full-year 2025 revenue expected between $29M and $33M; adjusted EBITDA expected between $(295)M and $(325)M.
Guidance for 2026 production rate to be provided at year-end.
Expects continued losses and negative cash flows until sustainable commercial operations commence; near-term cash requirements include R&D, certification, manufacturing, and infrastructure investments.
Positioned for long-term profitability through full product lifecycle monetization, including aftermarket and service revenues.
Aftermarket revenue contribution to total backlog
MV-250: How does it exceed current VTOL performance?
How do real-world flight learnings inform design?
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Next BETA Technologies earnings date
Q4 202519 Mar, 2026
Next BETA Technologies earnings date
Q4 202519 Mar, 2026
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