BETA Technologies, Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Product | $3,280 | $2,544 | $4,243 | $5,032 |
| Service(1) | 11,378 | 3,422 | 20,548 | 10,533 |
| 14,658 | 5,966 | 24,791 | 15,565 | |
| Cost of revenues: | ||||
| Product | 1,661 | 62 | 2,257 | 595 |
| Service | 4,976 | 1,128 | 8,681 | 2,333 |
| 6,637 | 1,190 | 10,938 | 2,928 | |
| Gross margin: | ||||
| Product | 1,619 | 2,482 | 1,986 | 4,437 |
| Service | 6,402 | 2,294 | 11,867 | 8,200 |
| 8,021 | 4,776 | 13,853 | 12,637 | |
| Operating expenses: | ||||
| Research and development(2) | 122,365 | 58,035 | 214,104 | 115,899 |
| General and administrative(2) | 43,774 | 26,061 | 90,824 | 54,075 |
| Total operating expenses | 166,139 | 84,096 | 304,928 | 169,974 |
| Loss from operations | (158,118) | (79,320) | (291,075) | (157,337) |
| Other (income) expense: | ||||
| Interest income | (13,293) | (2,023) | (27,774) | (4,720) |
| Interest expense(3) | 3,661 | 2,890 | 7,278 | 5,750 |
| Total other (income) expense | (9,632) | 867 | (20,496) | 1,030 |
| Loss before income taxes | (148,486) | (80,187) | (270,579) | (158,367) |
| Provision for income taxes | 267 | 229 | 483 | 327 |
| Net loss | (148,753) | (80,416) | (271,062) | (158,694) |
| Convertible preferred stock paid-in-kind dividend | - | 12,376 | - | 24,540 |
| Net loss attributable to common stockholders | $(148,753) | $(92,792) | $(271,062) | $(183,234) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.64) | $(2.02) | $(1.17) | $(4.01) |
| Comprehensive loss: | ||||
| Net loss | $(148,753) | $(80,416) | $(271,062) | $(158,694) |
| Foreign currency translation adjustments | (112) | 226 | (189) | 224 |
| Comprehensive loss | $(148,865) | $(80,190) | $(271,251) | $(158,470) |
(1)Includes related party amounts of $7,870 and $1,428 for the three months ended June 30, 2026 and 2025, respectively. Includes related party amounts of $15,869 and $3,610 for the six months ended June 30, 2026 and 2025, respectively (see Note 12).
(2)Includes related party amounts of $5,697 and $0 attributable to warrant expense (research and development) and $136 and $(37) (general and administrative) for the three months ended June 30, 2026 and 2025, respectively. Includes related party amounts of $11,331 and $0 attributable to warrant expense (research and development) and $223 and $(140) (general and administrative) for the six months ended June 30, 2026 and 2025, respectively (see Note 12).
(3)Includes related party amounts of $954 and $0 for the three months ended June 30, 2026 and 2025, respectively. Includes related party amounts of $1,655 and $0 for the six months ended June 30, 2026 and 2025, respectively (see Note 12).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.