BETA Technologies, Inc.
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Range $31 – $33
Price Chart
About the company
BETA Technologies, Inc. is a U. S.
- CEO
- Kyle Clark
- IPO
- 2025
- Employees
- 1,008
- HQ
- South Burlington, VT, US
AI snapshot
Six angles, distilled from the data.
The stock is still in a post-IPO downtrend, trading below its 200-day average of 19.47 and well under the 52-week high of 39.50. The setup is closer to a damaged base than a clean recovery, though the 52-week low at 13.43 shows downside has already been tested.
Wall Street remains constructive, with a Buy consensus and an average target of 32.67, far above the current trading range. Recent revisions have been more cautious than bullish, with multiple firms trimming targets from the high-30s and low-40s into the low-30s while keeping positive ratings intact.
The earnings profile is uneven, with a 1-for-5 beat rate and sharp misses still part of the record. Next-year EPS is expected to improve from -5.21 TTM to -2.25, so shareholders should watch whether losses narrow faster than expected and whether revenue growth can keep supporting the ramp.
Insider activity leans negative, with 15 open-market sales and no buys. The selling is concentrated in one executive, Clark Kyle, and the repeated P-code sales point to discretionary distribution rather than routine award or tax-related noise.
Gross margin is solid at 60.1%, but profitability remains weak with a -10.8% operating margin and negative ROE of -89.9%. Revenue grew 145.7% year over year, yet operating cash flow was -267.8 million and free cash flow was -222.4 million, so growth is still consuming cash.
BETA stands out for its electric aircraft and charging network exposure, but it is still early in commercialization versus more established aerospace peers. The market is valuing it on future scale, not current earnings, with a negative P/E and a target set far above the share price.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $4.46B
- P/E
- -4.10
- Fwd P/E
- 71.57
- PEG
- 0.04
- P/S
- 94.16
- P/B
- 2.69
- EV/EBITDA
- -3.54
- Div Yield
- 0.00%
- Gross Margin
- 46.34%
- Op Margin
- -1129.31%
- Net Margin
- -1913.91%
- ROE
- -57.71%
- ROIC
- -27.52%
Latest fiscal year · YoY change
- Revenue
- $35.62M+136.0%
- Gross Profit
- $25.71M+536.5%
- Op Income
- $-372,668,000
- Net Income
- $-745,868,000-170.6%
- EPS
- $-4.20-206.6%
- OCF Growth
- -20.3%
- FCF Growth
- -5.8%
- 52W High
- $39.50
- 52W Low
- $13.43
- 50D MA
- $21.41
- 200D MA
- $19.22
- Beta
- 1.82
- RSI (14)
- 49
- Avg Volume
- 2.52M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
BETA reported a quarter of strong revenue outperformance, a bigger backlog, and major certification and commercialization milestones that pushed full-year guidance higher.· August 12, 2026
- Revenue beat guidance on EPFD program revenue and Florida charger deliveries.
- Backlog rose to 1,001 aircraft and $3.9 billion, with a $4 billion year-end target now described as essentially reached.
- Certification progressed on both the H500A motor and CX300 aircraft, with the CX300 requirements definition phase closed and H500A policy issues with the FAA resolved.
- eIPP operations launched, with United Therapeutics becoming the first operator under the program and more sites expected to come online over the next 4-6 weeks.
- BETA highlighted defense momentum with the MV250 unveiling, autonomous flight work, and growing demand for its components and charging infrastructure.
Second-quarter revenue was $14.7 million, above the company’s guidance range of $8 million to $11 million and up 146% year over year. Operating expenses were $166 million, including $122 million of R&D and $44 million of G&A. Adjusted EBITDA was negative $110 million, at the midpoint of guidance of negative $100 million to negative $120 million. The company ended the quarter with approximately $1.5 billion in cash and cash equivalents. Full-year revenue guidance was raised to $42 million to $50 million from prior expectations, and full-year adjusted EBITDA is now expected to be negative $400 million to negative $445 million. Full-year capital expenditures remain expected at approximately $150 million to $200 million. For Q3, management guided to revenue of $8 million to $12 million and adjusted EBITDA of negative $115 million to negative $125 million.
Kyle Clark framed the quarter as proof that BETA’s stepwise strategy is working across commercial aviation, charging, certification, defense and component sales. He emphasized that the company is using common technologies across programs so progress on one platform accelerates the others, citing meaningful FAA progress on the H500A and CX300, the MV250 launch, the GE hybrid demo, and the first eIPP operations. His tone was confident and operationally focused, with repeated emphasis on simplicity, execution, and building infrastructure and certification groundwork before scaling production.
Herman Cueto said the quarter showed years of investment in technology, infrastructure, regulatory readiness and vertical integration beginning to generate revenue. He highlighted revenue of $14.7 million, adjusted EBITDA of negative $110 million, and cash and cash equivalents of about $1.5 billion, while noting that spending remains focused on R&D and production readiness. He also pointed to EXIM Bank financing of up to $1 billion in net financing as a way to extend runway and support capex-heavy manufacturing investments, and he said the company remains disciplined on capital allocation while accelerating vertical integration.
Analysts pressed management on whether H500A and CX300 certification could land closer together; Kyle said the planned year split was intentional but not required, and that the two programs can be certified concurrently without the motor issue delaying the aircraft. Questions on MV250 use cases and speed-to-deployment were answered with a focus on contested logistics, CASEVAC/MEDEVAC, launch effects, autonomous operations, and a low logistics tail, with Kyle saying military interest was very strong after Farnborough. On ACES and charging growth, management said the consortium should grow beyond Archer and BETA because BETA has the only certified CCS charger suitable for electric aviation, and they expect more eIPP flying over the next 4-6 weeks as Louisiana and Texas come online.
The bull case from this call is that BETA is showing traction across several revenue and adoption channels at once: aircraft backlog, charging infrastructure, defense demand, and component sales. Management sounded increasingly confident that certification bottlenecks are being cleared, while eIPP operations and the ACES charger consortium suggest the market is beginning to use BETA’s network in real operations.
The main risk is that BETA is still spending heavily and reporting negative adjusted EBITDA, with full-year guidance now implying a larger loss than before even as revenue guidance rises. Certification is progressing, but management still described several remaining testing steps and said progress only counts once the FAA accepts the work, which leaves execution and timing risk. The company also remains dependent on continued capex, FAA/regulatory coordination, and successful scaling of new programs like MV250 and eIPP into repeatable volume.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 52.8%
- Shares Outstanding
- 225.44M
- Float Shares
- 118.99M
of shares held by institutions
198 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Fmr LLC | 33.34M | ▲ 150.75K |
| General Electric Co | 20.31M | 0 |
| Tpg Gp A, LLC | 16.40M | 0 |
| Amazon Com Inc | 11.75M | 0 |
| Blackrock, Inc. | 2.93M | ▲ 153.44K |
| Vanguard Group Inc | 2.73M | ▲ 2.73M |
| State Street Corp | 2.58M | ▲ 475.44K |
| T. Rowe Price Investment Management, Inc. | 2.27M | ▲ 100.57K |
| Vanguard Portfolio Management LLC | 1.90M | ▲ 547.58K |
| Hite Hedge Asset Management LLC | 1.89M | ▼ 6.28K |
| Vanguard Capital Management LLC | 1.82M | ▲ 422.74K |
| Empire Life Investments Inc. | 1.34M | ▲ 1.34M |
Held by 256 ETFs
Biggest fund positions in BETA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 20, 26 | Clark Kyle | sell | 10,000 |
| Oct 21, 26 | Clark Kyle | sell | 10,000 |
| Oct 22, 26 | Clark Kyle | sell | 10,000 |
| Oct 15, 26 | Clark Kyle | sell | 10,000 |
| Oct 16, 26 | Clark Kyle | sell | 10,000 |
| Oct 19, 26 | Clark Kyle | sell | 10,000 |
| Oct 12, 26 | Clark Kyle | sell | 10,000 |
| Oct 13, 26 | Clark Kyle | sell | 10,000 |
| Oct 14, 26 | Clark Kyle | sell | 10,000 |
| Oct 7, 26 | Clark Kyle | sell | 10,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our BETA coverage
Recent articles, reports, and earnings notes.

BETA Technologies, Inc. (BETA) slips on deep earnings miss
BETA Technologies, Inc. (BETA) slips after a quarterly EPS miss, but the deeper story is the tension between rising backlog and persistent losses. This analysis goes beyond the headline, weighing guidance, certification progress, and commercial traction against a still-heavy cost structure.

BETA Technologies, Inc. (BETA) falls on earnings misses
BETA Technologies, Inc. (BETA) falls 10.3% after reporting earnings misses, as investors react to weaker-than-expected results and reassess the stock's near-term outlook.
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Not Joby, Not Archer: Surprise Candidate Gets First-Ever eVTOL FAA Authorization
fool.com · Oct 22
BETA Becomes First Company to Secure Landmark FAA Authorization to Conduct Flight Operations with Prospective Customers in Electric VTOL Aircraft
businesswire.com · Oct 21
BETA Technologies to Announce Third Quarter 2026 Results on November 3, 2026
businesswire.com · Oct 20
BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Stock
defenseworld.net · Oct 20
BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Stock
defenseworld.net · Oct 20
BETA Completes Utah eIPP Operations to Support the Future of Radiopharmaceutical Delivery and Treatment
businesswire.com · Oct 7
BETA Technologies (NYSE:BETA) Stock Price Down 6% – Should You Sell?
defenseworld.net · Oct 7
BETA Technologies (NYSE:BETA) Stock Keeps Overweight Rating at Cantor Fitzgerald
defenseworld.net · Oct 5
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 18, 2026 · Live quote · Not investment advice