BETA Technologies, Inc. logo BETA - BETA Technologies, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 8
HOLD 0
SELL 0
STRONG
SELL 0
| PRICE TARGET: $30.20 DETAILS
HIGH: $34.00
LOW: $24.00
MEDIAN: $31.00
CONSENSUS: $30.20
UPSIDE: 68.25%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 35.6 15.1 15.4
Cost of Revenue 9.9 21.0 10.6
Gross Profit 25.7 (5.9) 4.7
Operating Expenses
R&D Expenses 259.9 206.9 138.3
SG&A Expenses 138.5 59.4 53.0
Other Expenses 0 0 0
Operating Expenses 398.4 266.3 191.3
Operating Income
Operating Income (372.7) (272.2) (186.6)
Interest Expense 13.0 11.4 0.4
Interest Income 20.1 8.5 12.4
Profitability
EBITDA (710.1) (247.2) (165.6)
EBIT (732.1) (263.7) (174.2)
Income Before Tax (745.1) (275.1) (174.5)
Income Tax Expense 0.8 0.5 1.0
Net Income (745.9) (275.6) (175.6)
Per Share Data
EPS (Basic) -4.20 -1.37 -0.90
EPS (Diluted) -4.20 -1.37 -0.90
Shares Outstanding 229.2 223.8 223.8
Metric 2025 2024 2023
Current Assets
Cash & Cash Equivalents 1,714.8 301.5 253.7
Short-Term Investments 0 0 0
Net Receivables 5.7 12.2 5.7
Inventory 0 3.7 9.4
Other Current Assets 18.9 3.6 4.0
Total Current Assets 1,739.5 327.3 280.0
Non-Current Assets
Property, Plant & Equipment 365.0 336.0 295.6
Goodwill 0 0 0
Intangible Assets 0 0 0
Long-Term Investments 0.5 0 0
Other Non-Current Assets 1.4 3.0 3.6
Total Non-Current Assets 388.2 339.0 299.2
Total Assets 2,127.7 666.4 579.2
Current Liabilities
Account Payables 24.5 16.2 8.0
Short-Term Debt 7.3 4.6 1.6
Deferred Revenue 3.7 6.4 1.1
Other Current Liabilities 40.9 27.2 21.5
Total Current Liabilities 76.4 56.6 36.2
Non-Current Liabilities
Long-Term Debt 179.8 149.2 134.6
Deferred Tax Liabilities 21.5 0 0
Other Non-Current Liabilities 2.8 1.6 1.9
Total Non-Current Liabilities 233.5 173.9 157.6
Total Liabilities 309.8 230.4 193.8
Stockholders' Equity
Common Stock 0.0 0.0 0.0
Retained Earnings (1,913.5) (969.3) (676.7)
Accumulated Other Comprehensive Income (0.0) (0.2) (0.0)
Total Stockholders' Equity 1,817.8 435.9 385.4
Total Liabilities & Equity 2,127.7 666.4 579.2
Debt Metrics
Total Debt 203.9 170.5 155.3
Net Debt (1,510.9) (131.0) (98.4)
Metric 2025 2024 2023
Operating Activities
Net Income (745.9) (275.6) (175.6)
Depreciation & Amortization 22.0 16.5 8.6
Stock-Based Compensation 0 0 0
Change in Working Capital 29.4 21.3 (2.1)
Other Non-Cash Items 426.6 15.2 11.1
Operating Cash Flow (267.8) (222.7) (158.0)
Investing Activities
Capital Expenditure (45.4) (73.5) (153.2)
Acquisitions 1.4 4.7 0.9
Purchases of Investments 0 0 0
Sales/Maturities of Investments 0 0 0
Other Investing Activities 0 0 0
Investing Cash Flow (44.1) (68.8) (152.3)
Financing Activities
Net Debt Issuance (3.8) 14.4 133.6
Stock Repurchased 0 (0.5) 0
Dividends Paid 0 0 0
Other Financing Activities 32.7 (0.1) (0.0)
Financing Cash Flow 1,725.1 339.3 134.3
Cash Position
Net Change in Cash 1,413.2 47.9 253.7
Cash at Beginning 301.5 253.7 0
Cash at End 1,714.8 301.5 253.7
Free Cash Flow (313.2) (296.2) (311.3)
Key Metrics 2025 2024 2023
Income Statement
Revenue 35.6 15.1 15.4
Gross Profit 25.7 (5.9) 4.7
Operating Income (372.7) (272.2) (186.6)
Net Income (745.9) (275.6) (175.6)
EPS (Diluted) -4.20 -1.37 -0.90
Balance Sheet
Cash & Equivalents 1,714.8 301.5 253.7
Total Assets 2,127.7 666.4 579.2
Total Debt 203.9 170.5 155.3
Stockholders' Equity 1,817.8 435.9 385.4
Cash Flow
Operating Cash Flow (267.8) (222.7) (158.0)
Capital Expenditure (45.4) (73.5) (153.2)
Free Cash Flow (313.2) (296.2) (311.3)