Beta Bionics, Inc. income statement
In fiscal 2025, Beta Bionics, Inc. reported revenue of $100m, up 53.9% on the year before, operating income of −$71.7m (a -71.5% margin) and net income of −$73.2m, or −$1.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|
| Revenue | 12 | 65 | 100 | 127 |
| Cost of revenue | 6 | 29 | 45 | 53 |
| Gross profit | 6 | 36 | 56 | 75 |
| Research and development | 18 | 26 | 35 | 43 |
| Selling and marketing | 12 | 37 | 61 | 87 |
| General and administrative | 12 | 18 | 31 | 38 |
| Operating income | −36 | −45 | −72 | −93 |
| Income tax | — | 0 | 0 | — |
| Net income | −44 | −55 | −73 | −83 |
| Diluted EPS | −$8.31 | −$8.60 | −$1.81 | −$1.85 |
| Diluted shares (average) | 5m | 6m | 41m | 45m |
| EBITDA | −35 | −44 | −70 | −90 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 18 | 23 | 27 | 32 | 28 | 32 | 36 |
| Cost of revenue | 9 | 9 | 11 | 12 | 13 | 11 | 13 | 15 |
| Gross profit | 12 | 9 | 13 | 15 | 19 | 16 | 19 | 20 |
| Research and development | 9 | 8 | 9 | 8 | 10 | 10 | 10 | 12 |
| Selling and marketing | 11 | 13 | 16 | 16 | 16 | 21 | 25 | 25 |
| General and administrative | 5 | 7 | 8 | 8 | 9 | 10 | 10 | 10 |
| Operating income | −13 | −19 | −20 | −17 | −16 | −24 | −26 | −27 |
| Net income | −18 | −29 | −17 | −14 | −13 | −22 | −23 | −24 |
| Diluted EPS | −$2.74 | −$0.93 | −$0.39 | −$0.33 | −$0.29 | −$0.49 | −$0.53 | −$0.52 |
| EBITDA | −13 | −18 | −20 | −17 | −16 | −24 | −25 | −26 |
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