BETA Technologies posted Q4 2025 results that told two different stories. Revenue beat expectations by a wide margin, but losses came in heavier than Wall Street had penciled in.
Beta Technologies $BETA Q4 Earnings
Earnings Miss
Adj. EPS: $(2.02)
YoY: ↓ 5.21% (from $(1.92))Revenue Beat
Sales: $11.133M
YoY: ↑ 150.91% (from $4.437M)Guidance drop: FY2026 sales $39M-$43M vs $33.964M est—way above consensus, signaling real…
— CHItrader (@CHItraders) March 9, 2026
Q4 revenue came in at $11.13M, a 150.7% jump from the $4.44M reported in Q4 2024. That beat analyst estimates by $3.27M. For the full year, revenue reached $35.6M, up from $15.1M in 2024.
The earnings per share number was harder to swallow. GAAP EPS landed at -$2.02, missing estimates by $1.50. The full-year net loss totaled $745.9M, more than double the $275.6M loss recorded in 2024.
Operating expenses for the full year were $398.4M. R&D alone consumed $259.9M as the company pushes through FAA certification testing for its H500A electric engine.
CEO Kyle Clark called 2025 a “defining year,” pointing to the company’s IPO, over 120,000 nautical miles flown, and progress across its aircraft certification programs.
BETA’s commercial aircraft backlog sat at 891 aircraft as of December 31, 2025, with a total value of approximately $3.5B. Of those, 289 are firm orders and 602 are options.
The company was also selected to supply motors to Eve Air Mobility in a 10-year deal worth up to $1B. Partnerships with GE Aerospace and General Dynamics Applied Physical Services continued to develop.
Its charging network grew to 107 total sites, with 57 currently active. The company also completed the first all-electric passenger flight into New York’s JFK Airport during the year.
BETA received over $4M in U.S. Army funding to advance autonomous flight capabilities, and completed its first ALIA CTOL aircraft built specifically for that purpose.
On the financial side, BETA ended the year with $1.71B in cash, up sharply from $301.4M at the end of 2024. That runway was built through IPO proceeds and private financings completed during the year.
For 2026, the company guided full-year revenue of $39M–$43M, above the $33.96M consensus. Adjusted EBITDA is expected to land between -$305M and -$395M.
The H500A electric engine program remains on track for FAA type certification in the first half of 2026.
Capital expenditures for 2025 came in at $45.4M, down from $73.5M in the prior year.
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