Beta Technologies reports strong third-quarter revenue after IPO
The all-electric battery-powered ALIA CTOL, CX300 single-engine aircraft manufactured by Beta Technologies performs at the 55th edition of the International Paris Air Show (Salon international de l’aeronautique et de l’espace – SIAE) at ParisLe Bourget Airport in Le Bourget, north of Paris, France, on June 18, 2025.
Mustafa Yalçın | Anatolia | Getty Images
Beta Technologies The stock reported its first quarterly results on Thursday since its listing on the New York Stock Exchange.
The electric plane maker, which went public last month, reported revenue of $8.9 million, more than double the $3.1 million from a year ago.
“As a new publicly traded company, we remain firmly committed to what makes BETA unique: our simple, step-by-step approach, vertical integration, and focus on designing and manufacturing the complete electric aviation ecosystem to meet the needs of customers worldwide,” CEO Kyle Clark said in a statement. he said.
Net loss widened to $452 million, a loss of $9.83 per share, from a loss of $82.1 million, a loss of $1.81 per share, in the previous period.
The company said the net loss was impacted by the issuance of convertible preferred stock.
Beta forecast full-year revenue to reach between $29 million and $33 million and adjusted EBITDA to range from a loss of $295 million to $325 million.
Amazon-backed company establishes itself as another player alongside its rivals Joby Aviation And Okçu Aviation in the small but competitive field of electric vertical takeoff and landing, or eVTOL.
Air taxi manufacturers are racing to win approval from the Federal Aviation Administration, which launched the eVTOL Integration Pilot Program (eIPP) in September.
Clark told CNBC that the program is a “tremendous testament” to the Trump administration’s efforts to accelerate the nascent industry.
Beta is applying for the program with state partners including North Carolina, Michigan and Ohio to host commercial aircraft operations next June.
“We have flown twice as many miles as anyone else in this industry,” Clark said. “Real-world flying gives us the ability to enter these eIPP opportunities with a mature-type certification product that has a lot of reliability.”
The company is currently working on military and cargo operations before focusing on passenger applications. Aircraft engine supplier this quarter GE Aviation It agreed to invest $300 million in Beta and co-develop a hybrid electric turbogenerator for both defense and civilian use.
“The eIPP program aims to increase America’s drone dominance, and that is both a military and civilian interest,” Clark said. “Partnership with military and civilian applications with dual-use aircraft like ours is a big part of this.”
The company also worked with Hartzell Propeller on landing certification during the quarter, becoming the first FAA-certified propeller designed specifically for advanced air mobility aircraft.
This achievement indicates that Beta is one step closer to obtaining Type Certificate or approval of the aircraft design for the H500A electric engine.
“To take something as big and new as the primary drive electric motor that other people have purchased, that we use in our own aircraft (we fly all over the world), and being in the final steps for Type Certification is a huge point of validation,” Clark said.
Beta announced a supply agreement with the air taxi company earlier this week Air Mobility to the Home.
Eve has agreed to purchase Beta’s electric thrusters for potentially the equivalent of $1 billion over 10 years. The deal adds to component backlog of more than $1 billion, Clark said during the earnings release.
