Beta Bionics 2025 Q3 Earnings Revenue Surges 63% as Loss Narrows 77%

Beta Bionics (BBNX) delivered a strong Q3 2025 performance, surpassing revenue expectations and raising full-year guidance. The company reported $27.25 million in revenue, a 63.1% year-over-year increase, and narrowed its per-share loss to $0.33 from $1.46. CEO Sean Saint highlighted robust growth in the pharmacy channel and iLet adoption, while the company raised 2025 revenue guidance to exceed $96.5 million.

Revenue

The company’s total revenue surged 63.1% to $27.25 million in Q3 2025, driven by strong performance across its business segments. The DME channel contributed $21.02 million, with iLet sales reaching $14.18 million, reflecting the product’s growing market penetration. The PBP channel added $6.24 million in revenue, including $6.09 million from single-use products. Notably, the iLet’s performance in the PBP channel, while modest at $148,000, underscored its potential for future growth.

Earnings/Net Income

Beta Bionics narrowed its per-share loss to $0.33 in Q3 2025, a 77.4% improvement from the $1.46 loss in the prior-year period. However, the net loss widened to $14.21 million, reflecting increased operational costs despite higher revenue. The improvement in per-share loss highlights progress in cost management, though the net loss remains a concern for investors.

Post-Earnings Price Action Review

Following the earnings release, Beta Bionics’ stock price experienced mixed short-term movements. Shares rose 2.02% during the latest trading day, surged 15.73% over the past week, and gained 24.32% month-to-date. The post-earnings rally reflects investor optimism about the company’s revenue growth and guidance raise. However, the widened net loss may temper long-term enthusiasm.

CEO Commentary

Sean Saint, CEO of Beta Bionics, emphasized the company’s momentum, citing 5,334 new patient starts and pharmacy channel adoption. He reiterated confidence in the iLet’s market differentiation and outlined strategic priorities, including expanding pharmacy access, advancing the Mint patch pump (targeting a 2027 launch), and refining software for improved user experience. Saint also addressed challenges, including FDA Form 483 remediation, but assured stakeholders of regulatory alignment.

Guidance

Beta Bionics raised its full-year 2025 revenue guidance to exceed $96.5 million, up from the prior range of $88 million–$93 million. The company projects Q4 revenue of $28.5 million and expects 27%–29% of new patient starts to be pharmacy-reimbursed. Gross margin guidance was also increased to 54%–55%, driven by scale and manufacturing efficiencies.

Additional News

Recent developments include a partnership with Abbott to integrate the iLet with a dual glucose-ketone sensor, enhancing real-time diabetes management. The company also completed a glucagon PK/PD trial in Canada, supporting its bihormonal system feasibility trial in New Zealand by Q4 2025. Additionally, Beta Bionics received special 510(k) clearance for iLet user experience improvements, including streamlined cartridge changes and reduced redundant alerts.

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