BETA Technologies (BETA) investor relations material

Company overview and business model

• Designs, manufactures, and sells high-performance electric aircraft, propulsion systems, charging infrastructure, and components, with a vertically integrated approach covering batteries, motors, flight controls, and a nationwide charging network.

• Focuses on cargo/logistics, defense, medical, and passenger markets, with initial go-to-market strategy prioritizing cargo and logistics, followed by military and medical, then passenger operations.

• Business model targets recurring, high-margin revenue from aftermarket sales (batteries, maintenance, charging, and parts) over the aircraft lifecycle, with battery replacements expected every 12–24 months.

• Proprietary enabling technologies and digital platform (BETA Operate) provide real-time fleet management, predictive maintenance, and regulatory compliance.

• Holds 447 patents as of August 31, 2025, covering core technologies, with a strong focus on ongoing innovation and IP protection.

Financial performance and metrics

• Revenue for 2024 was $15.1 million, with $1.9 million from product sales and $13.2 million from services; six months ended June 30, 2025 revenue was $15.6 million.

• Net loss for 2024 was $275.6 million, and for the six months ended June 30, 2025, net loss was $158.7 million; company has incurred significant losses since inception and expects continued losses until commercialization.

• Cash and cash equivalents as of June 30, 2025 were $174.5 million; post-IPO, cash is expected to increase to $874.8 million.

• Operating expenses are dominated by R&D ($206.9 million in 2024) and G&A ($75.9 million in 2024), reflecting heavy investment in product development and scaling.

• Backlog as of August 31, 2025: 331 CTOL units (131 firm orders, 200 options), 560 VTOL units (158 firm orders, 402 options); no certified aircraft delivered yet.

Use of proceeds and capital allocation

• IPO expected to raise approximately $700.3 million (at $30/share midpoint), to be used for general corporate purposes, including working capital, operations, and growth initiatives.

• No plans to pay dividends; all earnings to be reinvested in operations, manufacturing, and network expansion.

• Significant capital expenditures planned for manufacturing, certification, and infrastructure buildout.