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BETA Technologies
BETA Technologies (BETA) investor relations material
BETA Technologies Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary9 Mar, 2026
Executive summary
Achieved major certification milestones, including FAA certification for key components and first all-electric passenger flight to JFK, while expanding global visibility through record-setting flights and air show demonstrations.
Secured strategic partnerships and investments with GE Aerospace, General Dynamics, and Embraer EVE, and listed on NYSE, raising $1.2B in IPO.
Expanded commercial and defense opportunities, including a $1B motor order from Embraer EVE and new contracts with General Dynamics and Army DEVCOM.
Aircraft backlog reached 891 units ($3.5B), with projections to exceed $4B by year-end 2026.
Benefited from strong regulatory support, including the AAM National Strategy and bipartisan legislation.
Financial highlights
Full-year 2025 revenue reached $35.6M, more than doubling 2024’s $15.1M, driven by strong component and service sales.
Operating expenses for 2025 were $398.4M, up from $282.8M in 2024, with R&D spend at $259.9M.
Adjusted EBITDA for 2025 was negative $304.1M, compared to negative $243.3M in 2024.
Net loss for 2025 was $745.9M, compared to $275.6M in 2024.
Ended 2025 with $1.7B in cash, reflecting IPO and private financings.
Outlook and guidance
2026 revenue expected between $39M and $43M, driven by ramping strategic partnerships and deliveries.
Adjusted EBITDA for 2026 projected between negative $305M and negative $395M.
CapEx for 2026 guided at $175M–$225M, reflecting accelerated vertical integration.
Aircraft backlog projected to exceed $4B by end of 2026, with nautical miles flown expected to double to 250,000.
Certification of H500A electric engine expected in first half of 2026, with plans to begin U.S. aircraft deliveries.
Impact of eIPP on 2026 aircraft delivery timing
Margin profile of the Eve motor supply contract
Revenue model for the 50 inactive charging sites
eIPP impact on Part 135 and production overlap
Vertical integration and 2026 CapEx pull-in
Merchant supply role in enabling tech backlog
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Next BETA Technologies earnings date
Q1 202625 May, 2026
BETA Technologies
Next BETA Technologies earnings date
Q1 202625 May, 2026
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