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BETA Technologies, Inc. Class A
(NYSE:BETA)
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Rating:48Neutral
Price Target:
$23.50
▲(16.57% Upside)
Action:Reiterated
Date:09/18/26
The score is held down primarily by very weak financial performance—large net losses and deeply negative operating/free cash flow—despite rapid revenue growth and a relatively low-leverage balance sheet. The latest earnings call adds support via raised revenue guidance, a sizable backlog, and strong liquidity, but also underscores continued heavy losses, CapEx, and certification/production ramp risks. Technicals are neutral, and valuation remains challenging due to negative earnings and no dividend yield provided.
Positive Factors
Rapid revenue growth
The sharp year-over-year revenue increase and quarterly guidance outperformance indicate growing commercial traction across BETA’s initiatives. Continued delivery against expanding programs can improve operating leverage and establish a broader revenue base as the company moves toward production.
Negative Factors
Severe losses and weak margins
The combination of widening net losses, very low gross margin and deeply negative operating profitability shows that BETA remains far from a self-sustaining earnings model. Until scale improves economics, substantial investment will continue to weigh on shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth
The sharp year-over-year revenue increase and quarterly guidance outperformance indicate growing commercial traction across BETA’s initiatives. Continued delivery against expanding programs can improve operating leverage and establish a broader revenue base as the company moves toward production.
Read all positive factors
BETA Technologies, Inc. Class A (BETA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.25B
Dividend YieldN/A
Average Volume (3M)3.29M
Price to Earnings (P/E)―
Beta (1Y)3.17
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees1,008
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-4.57
Shares Outstanding225,439,580
10 Day Avg. Volume5,498,538
30 Day Avg. Volume3,289,801
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)3.56
Price to Sales (P/S)181.56
P/FCF Ratio-20.64
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$33.00Price Target Upside63.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-2.24
Revenue Forecast (FY)$46.86M
BETA Technologies, Inc. Class A Business Overview & Revenue Model
Company Description
BETA Technologies, Inc. is a U.S.-based company that specializes in the design, engineering, and production of innovative electric aircraft platforms and integrated propulsion systems for the aviation sector. Its comprehensive product portfolio en...
BETA Technologies, Inc. Class A Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Dec 03, 2026
Earnings Call Sentiment Positive
The call highlights robust operational progress—major eIPP awards, backlog growth, charging network expansion, strategic partnerships (GE, General Dynamics), continued flight-testing and a strong cash balance—balanced against meaningful near-term challenges: FAA certification timing uncertainty for the electric engine, substantial negative adjusted EBITDA and high operating spend, a low current production rate, and dependency on final OTAs and permitting. Management framed the investments (including ~$50M eIPP pull-forward) as strategic and tied to long-term commercialization. Overall, operational and strategic milestones are substantial and the company retains strong liquidity, but material near-term costs and schedule uncertainty temper near-term financial outlook.Positive Updates
Major eIPP Selection and Commercial Acceleration
BETA was selected for 7 of 8 eVTOL Integration Pilot Program (eIPP) awards—more than any other OEM—spanning 26 states; company expects this to pull forward commercialization by more than a year and drive near-term infrastructure and operations revenue streams (charging, training/maintenance, aircraft).
Negative Updates
Certification Schedule Uncertainty for H500A Electric Engine
Endurance/containment and a "continued rotation" compliance interpretation with the FAA will extend past the original H1 timeline; management could not provide a new firm certification date and noted ongoing negotiations and additional testing are required.
Read all updates
Q1-2026 Updates
Positive
Negative
Major eIPP Selection and Commercial Acceleration
BETA was selected for 7 of 8 eVTOL Integration Pilot Program (eIPP) awards—more than any other OEM—spanning 26 states; company expects this to pull forward commercialization by more than a year and drive near-term infrastructure and operations revenue streams (charging, training/maintenance, aircraft).
Read all positive updates
Company Guidance
BETA reiterated full‑year 2026 revenue guidance of $39M–$43M (back‑half weighted) while reporting Q1 revenue of $10.1M (up 6% YoY, above the prior $7M–$10M Q1 guide) and Q1 adjusted EBITDA of -$97.2M; the company ended Q1 with $1.59B cash & short‑term investments, Q1 operating expenses of $138.8M (R&D $91.7M, G&A $47.1M) and CapEx of $24.2M. Management updated full‑year adjusted EBITDA guidance to -$355M to -$445M (prior guide was -$305M to -$395M and excluded eIPP spend), reflecting roughly $50M of incremental eIPP investment at the midpoint, and narrowed full‑year CapEx to $150M–$200M (from $175M–$225M). For Q2 they expect revenue of $8M–$11M and adjusted EBITDA of -$100M to -$120M (inclusive of eIPP), and noted a commercial backlog of $3.9B (991 aircraft) toward a $4B year‑end target plus operational metrics like 139,000 nautical miles flown through May 10 toward a 250,000 nm full‑year goal.BETA Technologies, Inc. Class A Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 44.84M | 35.62M | 15.09M | 15.36M |
| Gross Profit | 20.78M | 25.71M | -5.89M | 4.71M |
| EBITDA | -832.14M | -710.11M | -247.24M | -165.56M |
| Net Income | -858.24M | -745.87M | -275.64M | -175.56M |
Balance Sheet | ||||
| Total Assets | 1.93B | 2.13B | 666.37M | 579.25M |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 1.71B | 301.55M | 253.69M |
| Total Debt | 206.70M | 203.90M | 170.55M | 155.28M |
| Total Liabilities | 318.27M | 309.85M | 230.43M | 193.81M |
| Stockholders Equity | 1.62B | 1.82B | 435.94M | 385.44M |
Cash Flow | ||||
| Free Cash Flow | -421.53M | -313.25M | -296.17M | -311.25M |
| Operating Cash Flow | -323.50M | -267.80M | -222.66M | -158.01M |
| Investing Cash Flow | -97.59M | -44.08M | -68.81M | -152.33M |
| Financing Cash Flow | 1.73B | 1.73B | 339.33M | 134.33M |
BETA Technologies, Inc. Class A Technical Analysis
Positive
20.16
Price Trends
21.81
Positive
19.46
Positive
20.05
Positive
Market Momentum
0.35
Negative
50.34
Neutral
51.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BETA, the sentiment is Positive. The current price of 20.16 is below the 20-day moving average (MA) of 21.70, below the 50-day MA of 21.81, and above the 200-day MA of 20.05, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 50.34 is Neutral, neither overbought nor oversold. The STOCH value of 51.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BETA.
BETA Technologies, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $3.90B | -4.60 | -40.86% | ― | ― | 15.37% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | $7.28B | -24.44 | -6.64% | ― | 84.44% | -541.91% | |
48 Neutral | $5.25B | -4.84 | -57.71% | ― | ― | ― | |
46 Neutral | $106.72M | 3.76 | -171.87% | ― | ― | ― | |
46 Neutral | $676.06M | -3.11 | -221.18% | ― | ― | 1.65% | |
45 Neutral | $329.71M | -2.87 | -36.65% | ― | -3.42% | -3.03% |
* General Sector Average
BETA
BETA Technologies, Inc. Class A
22.10
-13.90
-38.61%
AVAV
AeroVironment
142.22
-203.86
-58.91%
EH
Ehang Holdings
4.22
-14.63
-77.61%
EVTL
Vertical Aerospace
0.60
-4.79
-88.89%
EVEX
Eve Holding
1.93
-1.95
-50.26%
ACHR
Archer Aviation
4.97
-4.84
-49.34%
BETA Technologies, Inc. Class A Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Security Agreement Termination Reshapes BETA Technologies Governance
Positive
Jul 22, 2026
On July 14, 2026, BETA Technologies, Inc. received notice from the Defense Counterintelligence and Security Agency that its Security Control Agreement with QIA Industrials Holding, LLC and the U.S. Department of Defense, originally dated June 15, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.