Beta Technologies, Inc. key statistics and ratios

In fiscal 2025, Beta Technologies, Inc. had return on equity of -66.2%, an operating margin of -1046.3%, debt equal to 11.1% of equity and a current ratio of 22.77. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Beta Technologies, Inc.: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	86.8%	70.1%	72.2%	62.5%
Operating margin	<−999%	<−999%	<−999%	<−999%
Net margin	<−999%	<−999%	<−999%	<−999%
Free-cash-flow margin	<−999%	<−999%	−879.5%	−876.3%
Return on equity	−45.5%	−67.1%	−66.2%	−32.4%
Return on assets	—	−41.4%	−53.8%	−27.3%
Asset turnover	—	0.02	0.03	0.03
Current ratio	—	5.79	22.77	11.51
Debt to equity	0.0%	34.9%	11.1%	12.1%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m
R&D as % of revenue	900.4%	>999%	729.7%	735.2%
Capital spending as % of revenue	997.9%	487.1%	127.6%	212.4%

US$ thousands unless shown otherwise. Fiscal quarters.

Beta Technologies, Inc.: financial ratios, 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
Gross margin	72.5%	81.9%	80.1%	69.3%	62.0%	57.6%	54.7%	72.1%
Operating margin	<−999%	−812.8%	<−999%	−903.5%	<−999%	<−999%	<−999%	−723.2%
Net margin	<−999%	−815.5%	<−999%	<−999%	<−999%	<−999%	<−999%	−674.1%
Free-cash-flow margin	<−999%	−676.6%	<−999%	−917.3%	−935.9%	<−999%	−791.3%	−735.2%
Current ratio	5.79	—	—	10.43	22.77	21.37	14.47	11.51
Debt to equity	34.9%	—	—	23.4%	10.2%	10.7%	11.4%	12.1%
R&D as % of revenue	>999%	602.8%	972.8%	632.1%	803.1%	905.3%	834.8%	512.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · September 30, 2026

What it owns · $1.9bn

Short-term assets $1.4bnLonger-term assets $490m

What it owes, and who funded it · $1.9bn

Short-term liabilities $119mLonger-term liabilities $221mShareholders' equity $1.5bn

Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $119m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.4bn short-term assets against $221m of longer-dated liabilities.
More cash than debt $1.3bn of cash against $184m of debt.
Debt below 40% of shareholders' equity Debt is 12% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$356m of operating cash flow against $184m of debt.
Operating profit covers interest at least five times over Operating income of −$554m against $15m of interest.

From Beta Technologies, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: BETA vs EH AIRI vs BETA BETA vs SPIR

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

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.