BETA financial statements
The full income statement, balance sheet, and cash-flow statement for Beta Technologies Inc. (BETA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 35.6M+136.0% | 15.1M-1.7% | 15.4M | |
| 25.7M+143.2% | 10.6M-20.7% | 13.3M | ||
| Cost of revenue | 9.90M+119.1% | 4.52M+123.2% | 2.02M | |
| 398M+40.9% | 283M+41.5% | 200M | ||
| Research & development | 260M+25.6% | 207M+49.6% | 138M | |
| Selling, general & administrative | 138M+82.5% | 75.9M+23.1% | 61.6M | |
| General & administrative | 138M+82.5% | 75.9M+23.1% | 61.6M | |
| Operating income | -373M-36.9% | -272M-45.9% | -187M | |
| Interest expense | 13.0M+13.5% | 11.4M+3146.3% | 352K | |
| Interest & investment income | 20.1M+136.6% | 8.52M-31.3% | 12.4M | |
| Other non-operating income | -372M-12694.4% | -2.91M-124.2% | 12.0M | |
| Pre-tax income | -745M-170.8% | -275M-57.6% | -175M | |
| Income tax | 756K+47.1% | 514K-50.1% | 1.03M | |
| -746M-170.6% | -276M-57.0% | -176M | ||
| Net income to common | -963M-214.4% | -306M-51.7% | -202M | |
| -$12.85-89.8% | -$6.77-50.4% | -$4.50 | ||
| EPS (basic) | -$12.85-89.8% | -$6.77-50.4% | -$4.50 | |
| Weighted-avg shares (basic) | 75.0M+65.7% | 45.2M+0.7% | 44.9M | |
| Weighted-avg shares (diluted) | 75.0M+65.7% | 45.2M+0.7% | 44.9M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 1.74B+431.4% | 327M | — | ||
| Cash & equivalents | 1.71B+467.4% | 301M+18.9% | 254M | |
| Accounts receivable | 5.75M+167.1% | 2.15M | — | |
| Prepaid expenses | 23.5M-1.2% | 23.8M | — | |
| Other current assets | — | 2.83M | — | |
| 2.11B+216.1% | 666M | — | ||
| Property, plant & equipment | 349M+9.1% | 320M | — | |
| Operating lease right-of-use | 16.4M+0.0% | 16.4M | — | |
| Other non-current assets | 1.84M-39.4% | 3.03M | — | |
| 76.4M+35.1% | 56.6M | — | ||
| Accounts payable | 24.5M+51.0% | 16.2M | — | |
| Accrued liabilities | 35.1M+43.2% | 24.5M | — | |
| Deferred revenue | 3.70M-42.1% | 6.40M | — | |
| Short-term & current debt | 5.71M+101.4% | 2.83M | — | |
| Current lease liability | 1.55M-10.9% | 1.74M | — | |
| Other current liabilities | 2.48M-48.6% | 4.83M | — | |
| 288M+25.2% | 230M | — | ||
| Long-term debt | 180M+20.5% | 149M | — | |
| Deferred revenue (non-current) | 12.6M+97.3% | 6.36M | — | |
| Non-current lease liability | 16.8M+0.9% | 16.7M | — | |
| Operating lease liability (total) | 18.4M | — | — | |
| Other non-current liabilities | 2.85M+77.8% | 1.60M | — | |
| 1.82B+317.0% | 436M+13.1% | 385M | ||
| Preferred stock | 0.00 | — | — | |
| Additional paid-in capital | 3.73B | 0.00 | — | |
| Retained earnings | -1.91B-97.4% | -969M | — | |
| Treasury stock | 0.00-100.0% | 5.89M | — | |
| Accumulated other comprehensive income | -10.0K+95.2% | -207K | — | |
| Total liabilities & equity | 2.11B+216.1% | 666M | — | |
| Common shares issued | — | 37.0M | — | |
| Common shares outstanding | — | 37.0M | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| -268M-20.3% | -223M-40.9% | -158M | ||
| Depreciation & amortization | 22.0M+33.8% | 16.5M+91.0% | 8.62M | |
| Share-based compensation | 34.8M+187.2% | 12.1M+35.1% | 8.96M | |
| Deferred income taxes | 238K+200.8% | -236K-137.3% | 633K | |
| Change in receivables | 3.60M+10673.5% | -34.0K-103.5% | 968K | |
| -44.1M+35.9% | -68.8M+54.8% | -152M | ||
| Capital expenditure | 45.4M-38.2% | 73.5M-52.0% | 153M | |
| Free cash flow | -313M-5.8% | -296M+4.8% | -311M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 1.37M-70.8% | 4.70M+418.5% | 907K | |
| 1.73B+408.4% | 339M+152.6% | 134M | ||
| Long-term debt issued | 0.00-100.0% | 15.5M-88.6% | 136M | |
| Long-term debt repaid | 3.76M+311.5% | 913K-6.2% | 973K | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 530K | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 28.0K+12.0% | 25.0K+117.7% | -141K | |
| Net change in cash | 1.41B+2851.1% | 47.9M+127.2% | -176M | |
| Interest paid | 10.9M+18.4% | 9.19M+8100.9% | 112K | |
| Income taxes paid | 168K+460.0% | 30.0K-84.7% | 196K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 2.11B | — | — | |
| P/S | 59.4× | — | — | |
| P/B | 1.2× | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: BETA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BETA filings on SEC EDGAR → Not investment advice.