Beta Technologies, Inc. income statement

In fiscal 2025, Beta Technologies, Inc. reported revenue of $35.6m, up 136.0% on the year before, operating income of −$373m (a -1046.3% margin) and net income of −$746m, or −$12.85 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

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Beta Technologies, Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	15	15	36	54
Cost of revenue	2	5	10	20
Gross profit	13	11	26	33
Research and development	138	207	260	394
General and administrative	62	76	138	193
Operating income	−187	−272	−373	−554
Interest expense	0	11	13	15
Income before tax	−175	−275	−745	−539
Income tax	1	1	1	1
Net income	−176	−276	−746	−540
Diluted EPS	−$4.50	−$6.77	−$12.85	—
Diluted shares (average)	45m	45m	75m	—
EBITDA	−178	−256	−351	−529

US$ millions unless shown otherwise. Fiscal quarters.

Beta Technologies, Inc.: income statement, quarterly
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	4	10	6	9	11	10	15	18
Cost of revenue	1	2	1	3	4	4	7	5
Gross profit	3	8	5	6	7	6	8	13
Research and development	61	58	58	56	89	92	122	91
General and administrative	18	28	26	30	52	47	44	50
Operating income	−76	−78	−79	−81	−135	−133	−158	−128
Interest expense	3	3	3	3	4	4	4	4
Income before tax	−76	−78	−80	−437	−150	−122	−148	−119
Income tax	0	0	0	0	0	0	0	0
Net income	−76	−78	−80	−437	−150	−122	−149	−119
Diluted EPS	−$1.92	−$1.98	−$2.02	−$9.83	$1.01	−$0.53	−$0.64	−$0.51
EBITDA	−71	−73	−74	−75	−129	−127	−152	−121

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Beta Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Beta Technologies, Inc.