BETA Technologies 2025 Q3 Earnings Record Revenue, 482.5% Net Loss Widening

BETA Technologies reported Q3 2025 results that exceeded revenue estimates but fell short on earnings. The company’s revenue surged 190.9% year-over-year to $8.92 million, driven by robust product and service segments, while its net loss expanded by 482.5% to $437.21 million. Guidance for FY2025 revenue of $29–$33 million aligns with expectations, though the substantial loss highlights ongoing operational challenges.

Revenue

Driven by a 190.9% year-over-year increase to $8.92 million, BETA’s Q3 revenue reflected strong performance across its product and service lines. Product revenue contributed $2.92 million, while service revenue totaled $6 million, underscoring the company’s growing diversification into high-margin offerings. The results highlight BETA’s ability to scale despite its current financial constraints.

Earnings/Net Income

BETA’s losses deepened dramatically, with a net loss of $437.21 million (or $9.83 per share) in Q3 2025, a 482.5% increase from the $75.06 million loss in the prior-year period. The EPS miss of $4.46 and record net loss underscore the company’s heavy R&D and operational expenditures, which totaled $86.8 million. The significant deterioration in both metrics underscores the company’s ongoing financial challenges.

Post-Earnings Price Action Review

Following the earnings release, BETA’s stock price edged up 0.37% during the latest trading day and surged 10.85% over the past week, reflecting investor optimism amid the company’s strategic progress in electric aviation. However, the stock remains within its 52-week range of $22.4 to $39.5, indicating cautious market sentiment. The positive price action contrasts with the widening losses, suggesting investors are prioritizing long-term potential over near-term profitability.

CEO Commentary

CEO Kyle Clark emphasized BETA’s advancements in electric aviation, including a $3.5B aircraft backlog and partnerships like Embraer Eve. He highlighted operational milestones, such as 100,000+ nautical miles flown and progress on the H500A engine’s FAA certification. Clark reiterated confidence in the EIPP’s 2026 commercialization timeline and stressed the company’s commitment to vertical integration and regulatory alignment.

Guidance

BETA reaffirmed FY2025 revenue guidance of $29–$33 million and adjusted EBITDA of -$295M to -$325M. The company aims to deliver its first electric engine certification by early 2026 and has allocated $1.1B in IPO proceeds to accelerate industrialization and infrastructure development.

Additional News

1. Eve Air Mobility Partnership: BETA secured a $1B, 10-year contract to supply electric pusher motors for Eve’s eVTOL aircraft, marking a pivotal step in commercializing its propulsion technology.

2. GAAP EPS Miss: Q3 GAAP EPS of -$9.83 missed estimates by $4.46, driven by $56.4M in R&D expenses and $13M in capital expenditures.

3. SEC 10-Q Filing: The Q3 10-Q report detailed a $3.5B civil aircraft backlog and $687.6M in cash reserves, underscoring BETA’s liquidity despite its net loss.