BETA Technologies Q3 revenue jumps 98% to $17.7m
Pontos principais
- BETA Technologies reported third-quarter revenue of $17.7 million, up 98% year over year and above company guidance.
- The company recorded a GAAP net loss of $119.1 million and an adjusted EBITDA loss of $97.4 million.
- BETA's commercial aircraft backlog exceeded $4 billion, while its A250 received FAA authorization for customer demonstration flights ahead of type certification.
BETA Technologies (NYSE:BETA) reported third-quarter 2026 revenue of $17.7 million, up 98% year over year, exceeding company guidance as electric aircraft operations and commercial activities expanded.
Revenue increased from approximately $8.9 million a year earlier and from $14.7 million in the second quarter, while the company reported a GAAP net loss of $119.1 million.
Adjusted EBITDA remained negative at $97.4 million, while BETA reported more than 250,000 nautical miles flown, expanded its charging network to 168 sites and increased its aircraft backlog to over $4 billion.
The company received FAA authorization to conduct A250 demonstration flights with prospective customers aboard before full type certification, supporting its commercial development plans, although its post-announcement share-price movement was not independently verified.
BETA's commercial aircraft backlog represents 1,040 aircraft across firm and option orders supported by financial commitments, while the company launched operations under six of seven selections in the FAA's eVTOL Integration Pilot Program.
The company develops electric aircraft, propulsion systems and charging infrastructure for passenger transport, cargo, medical logistics and defense applications, with recent demonstration operations covering medical supplies in North Carolina, emergency equipment in Texas and cancer medicines in Utah.
