BETA Technologies, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
BETA$28.09-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(390,181) | $(595,909) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 19,369 | 16,314 |
| Asset disposal and other related costs | 12,153 | 2,473 |
| Loss on issuance of convertible preferred stock | - | 355,551 |
| Stock-based compensation | 49,145 | 16,819 |
| Acquired in-process research and development | 10,797 | - |
| Warrant expense | 17,091 | 308 |
| Non-cash consideration | (5,000) | - |
| Non-cash interest expense | 2,071 | 1,508 |
| Other | 703 | 185 |
| Net changes in operating assets and liabilities | 12,474 | 19,365 |
| Net cash used in operating activities | (271,378) | (183,386) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (94,070) | (25,663) |
| Purchases of aircraft components | (9,702) | - |
| Proceeds from sale of property and equipment | - | 1,296 |
| Net cash used in investing activities | (103,772) | (24,367) |
| Cash flows from financing activities | ||
| Proceeds from convertible Series C preferred stock | - | 150,406 |
| Payment of convertible Series C preferred stock issuance costs | (150) | (6,788) |
| Proceeds from convertible Series C-1 preferred stock | - | 422,375 |
| Proceeds from sale-leaseback transaction | - | 32,658 |
| Payment of other initial public offering issuance costs | (447) | (217) |
| Repayment of borrowings | (4,300) | (2,103) |
| Exercise of stock options | 13,047 | 2,095 |
| Principal payments on finance lease obligations | (51) | (46) |
| Net cash provided by financing activities | 8,099 | 598,380 |
| Effect of currency translation on cash, cash equivalents, and restricted cash | (119) | (20) |
| Decrease in cash, cash equivalents, and restricted cash | (367,170) | 390,607 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,715,265 | 302,025 |
| Cash, cash equivalents, and restricted cash at end of period | $1,348,095 | $692,632 |
| Supplemental cash flow information | ||
| Cash paid for interest | 9,032 | 7,946 |
| Cash paid for operating leases | 3,192 | 2,703 |
| Non-cash investing and financing activities | ||
| Right-of-use assets recognized for new and modified leases | 14,484 | 1,249 |
| Property and equipment included in accounts payable and accrued expenses | 23,352 | 4,147 |
| Aircraft components included in accounts payable and accrued expenses | 14,013 | - |
| Stock issuance costs included in accounts payable and accrued liabilities | - | 1,773 |
| Deferred offering costs included in accounts payable and accrued expenses | - | 6,181 |
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the condensed consolidated balance sheets to the total of the amounts in the condensed consolidated statements of cash flows:
| September 30,2026 | September 30,2025 | |
|---|---|---|
| Cash and cash equivalents | $1,343,055 | $687,627 |
| Restricted cash included in: | ||
| Prepaid expenses and other current assets | 5,008 | 4,561 |
| Other assets | 32 | 444 |
| Total cash, cash equivalents, and restricted cash | $1,348,095 | $692,632 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.