BETA Technologies, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Product | $5,184 | $2,917 | $9,427 | $7,993 |
| Service(1) | 12,488 | 6,001 | 33,036 | 16,490 |
| 17,672 | 8,918 | 42,463 | 24,483 | |
| Cost of revenues: | ||||
| Product | 2,516 | 1,660 | 4,773 | 2,255 |
| Service | 2,417 | 1,081 | 11,098 | 3,415 |
| 4,933 | 2,741 | 15,871 | 5,670 | |
| Gross margin: | ||||
| Product | 2,668 | 1,257 | 4,654 | 5,738 |
| Service | 10,071 | 4,920 | 21,938 | 13,075 |
| 12,739 | 6,177 | 26,592 | 18,813 | |
| Operating expenses: | ||||
| Research and development(2) | 90,536 | 56,371 | 304,640 | 170,484 |
| General and administrative(2) | 50,007 | 30,380 | 140,831 | 86,241 |
| Total operating expenses | 140,543 | 86,751 | 445,471 | 256,725 |
| Loss from operations | (127,804) | (80,574) | (418,879) | (237,912) |
| Other (income) expense: | ||||
| Interest income | (12,515) | (2,628) | (40,289) | (7,348) |
| Interest expense(3) | 3,678 | 3,464 | 10,956 | 9,214 |
| Loss on issuance of convertible preferred stock | - | 355,551 | - | 355,551 |
| Total other (income) expense | (8,837) | 356,387 | (29,333) | 357,417 |
| Loss before income taxes | (118,967) | (436,961) | (389,546) | (595,329) |
| Provision for income taxes | 152 | 253 | 635 | 580 |
| Net loss | (119,119) | (437,214) | (390,181) | (595,909) |
| Convertible preferred stock paid-in-kind dividend | - | 14,596 | - | 39,136 |
| Net loss attributable to common stockholders | $(119,119) | $(451,810) | $(390,181) | $(635,045) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.51) | $(9.83) | $(1.68) | $(13.86) |
| Comprehensive loss: | ||||
| Net loss | $(119,119) | $(437,214) | $(390,181) | $(595,909) |
| Foreign currency translation adjustments | (17) | (110) | (206) | 114 |
| Comprehensive loss | $(119,136) | $(437,324) | $(390,387) | $(595,795) |
(1)Includes related party amounts of $5,587 and $1,454 for the three months ended September 30, 2026 and 2025, respectively. Includes related party amounts of $21,456 and $5,064 for the nine months ended September 30, 2026 and 2025, respectively (see Note 12).
(2)Includes related party amounts of $5,760 and $308 attributable to warrant expense (research and development) and $75 and $0 (general and administrative) for the three months ended September 30, 2026 and 2025, respectively. Includes related party amounts of $17,091 and $308 attributable to warrant expense (research and development) and $298 and $(140) (general and administrative) for the nine months ended September 30, 2026 and 2025, respectively (see Note 12).
(3)Includes related party amounts of $833 and $701 for the three months ended September 30, 2026 and 2025, respectively. Includes related party amounts of $2,488 and $701 for the nine months ended September 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.