Earnings ·
BETA Technologies reports Q3 revenue of $17.7M, raises full-year guidance to $52M-$57M
BETABETA Technologies, Inc.
BETA Technologies reported third-quarter revenue of $17.7 million, a 98% increase from the prior year period, driven by organic product and service sales. The company posted a net loss of $119.1 million and an adjusted EBITDA loss of $97.4 million. Management raised full-year 2026 revenue guidance to between $52 million and $57 million while maintaining the adjusted EBITDA outlook of negative $400 million to negative $445 million. Operating highlights include achieving a historic FAA Special Airworthiness Certificate for market surveys on its A250 electric VTOL aircraft, surpassing 250,000 nautical miles flown, and increasing its commercial aircraft backlog to over $4.0 billion representing 1,040 units. BETA Technologies is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems.