BETABETA Technologies, Inc.

$19.80
Latest close: back above its 200-day averageOct 23, 2026what changed →

Is the business good?

Mixed

5 of 9 health tests passed. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 neutral, 3 without data
Fundamental health (F-score)5 / 9SEC EDGAR · Dec 31, 2025

Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is BETA?

BETA Technologies, Inc. spent more than it took in: an operating loss of $506M on $45M of revenue, 12 months to Q2 2026.

$506M

Operating loss · on $45M of revenue · 12 months to Q2 2026

Share count, year on year
+406%

Share count, year on year · shareholders own a smaller slice than a year ago

Gross margin
60%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2023−1215%
FY2024−1804%
FY2025−1046%
Details›
Gross margin12 months to Q2 2026
60%
Operating margin12 months to Q2 2026
−1129%
Net margin12 months to Q2 2026
−1914%
Free cash flow margin
−940%
R&D as % of revenue
803%
Revenue, trailing twelve months
$45M
Free cash flow, trailing twelve months
−$422M
Net income, trailing twelve months
−$858M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Customers and suppliers

Who buys from BETA and who it buys from, as the companies report it.

18%of revenue comes from customer A, the largest of 4 disclosed customers
Customerswho buys
Supplierswho it buys from

None disclosed.

A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; BETA’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.