Beta Technologies, Inc. (BETA) Income Statement
BETA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBETA revenue and net income
Where BETA's revenue goes
2025Each bar shows an amount and its share of revenue. BETA kept −2,094.2% of revenue as net income.
BETA profit margins
BETA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +136.0% | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BETA quarterly EPS vs estimates
Beta Technologies beat the analyst EPS estimate in 1 of the last 5 quarters. Next report: December 3, 2026 (estimate $-0.54).
BETA income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $35.6M | $15.1M | $15.4M |
| Cost of revenue | $9.9M | $21.0M | $10.6M |
| Gross profit | $25.7M | −$5.9M | $4.7M |
| Research & development | $259.9M | $206.9M | $138.3M |
| Sales, general & admin | $138.5M | — | — |
| Total operating expenses | $398.4M | $266.3M | $191.3M |
| Operating income | −$372.7M | −$272.2M | −$186.6M |
| Interest income | $20.1M | — | — |
| Interest expense | $13.0M | $11.4M | $352,000 |
| Income before taxes | −$745.1M | −$275.1M | −$174.5M |
| Income taxes | $756,000 | $514,000 | $1.0M |
| Net income | −$745.9M | −$275.6M | −$175.6M |
| EBITDA | −$710.1M | −$247.2M | −$165.6M |
| EPS (diluted) | −$29.22 | −$1.23 | −$3.90 |
| Gross margin | 72.2% | −39.0% | 30.7% |
| Operating margin | −1,046.3% | −1,803.7% | −1,214.9% |
| Net margin | −2,094.2% | −1,826.4% | −1,143.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.7M | $10.1M | $11.1M | $8.9M | $7.8M | $7.8M | $4.4M | $3.1M |
| Cost of revenue | $6.6M | $10.5M | $4.2M | $2.7M | $1.5M | $1.5M | $6.4M | $1.2M |
| Gross profit | $8.0M | −$319,000 | $6.9M | $6.2M | $6.3M | $6.3M | −$1.9M | $1.9M |
| Research & development | $122.4M | $91.7M | $89.4M | $56.4M | $57.9M | $57.9M | $60.8M | $54.0M |
| Sales, general & admin | $43.8M | $47.0M | $52.2M | $30.4M | $27.0M | $27.0M | $18.5M | $20.8M |
| Total operating expenses | $166.1M | $132.6M | $141.7M | $86.8M | $85.0M | $85.0M | $74.1M | $76.1M |
| Operating income | −$158.1M | −$133.0M | −$134.8M | −$80.6M | −$78.7M | −$78.7M | −$76.0M | −$73.0M |
| Interest income | $13.3M | $14.5M | $12.8M | $2.6M | $2.0M | $2.7M | $2.8M | $1.0M |
| Interest expense | $3.7M | $3.6M | $3.8M | $3.5M | $2.9M | $2.9M | $2.9M | $2.9M |
| Income before taxes | −$148.5M | −$122.1M | −$149.8M | −$437.0M | −$79.2M | −$79.2M | −$76.2M | −$74.9M |
| Income taxes | $267,000 | $216,000 | $176,000 | $253,000 | $163,500 | $163,500 | $268,000 | — |
| Net income | −$148.8M | −$122.3M | −$150.0M | −$437.2M | −$79.3M | −$79.3M | −$76.4M | −$75.1M |
| EBITDA | −$151.8M | −$112.3M | −$140.3M | −$427.7M | −$73.9M | −$73.9M | −$68.1M | — |
| EPS (diluted) | −$0.64 | −$0.40 | −$1.71 | −$1.94 | −$25.57 | — | — | — |
| Gross margin | 54.7% | −3.1% | 62.0% | 69.3% | 81.2% | 81.2% | −43.6% | 61.2% |
| Operating margin | −1,078.7% | −1,312.1% | −1,210.4% | −903.5% | −1,010.8% | −1,010.8% | −1,713.4% | −2,381.0% |
| Net margin | −1,014.8% | −1,207.0% | −1,347.0% | −4,902.6% | −1,019.6% | −1,019.6% | −1,722.8% | −2,448.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BETA's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BETA financial results
In fiscal year 2025 (ended December 31, 2025), Beta Technologies reported revenue of $35.6 million, up 136.0% from the year before. It had a net loss of $745.9 million, a net profit margin of −2,094.2%. Diluted earnings per share came to −$29.22.
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BETA income statement FAQ
What is Beta Technologies's annual revenue?
Beta Technologies reported total revenue of $35.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 136.0% from $15.1 million the previous year.
Is Beta Technologies profitable?
No. Beta Technologies reported a net loss of $745.9 million in fiscal 2025, a net profit margin of −2,094.2%; its operating margin was −1,046.3%.
What is Beta Technologies's gross margin?
Beta Technologies's gross margin was 72.2% in fiscal 2025: for every $100 of revenue, Beta Technologies kept $72 after the direct cost of its products and services.
How much does Beta Technologies spend on research and development?
Beta Technologies spent $259.9 million on research and development in fiscal 2025, 729.7% of revenue.
What are Beta Technologies's earnings per share?
Beta Technologies earned $-29.22 per diluted share in fiscal 2025, compared with $-1.23 a year earlier.
When will Beta Technologies report its next earnings?
Beta Technologies is expected to report results for the quarter ending September 30, 2026 on December 3, 2026.
When does Beta Technologies's fiscal year end?
Beta Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.