Company performance ahead of guidance, reflecting strong execution across the business; certification momentum and growing strategic partnerships take center stage in 2026

SOUTH BURLINGTON, Vt. – Mar 9, 2026– BETA Technologies, Inc. (NYSE: BETA) (“BETA” or the “Company”), an electric aerospace company leading in the development and commercialization of electric aircraft, charging infrastructure, and aerospace-grade electric propulsion, today announced its financial and operating results for the fourth quarter and full year ended December 31, 2025.

Kyle Clark, President and Chief Executive Officer, commented:

“2025 was a defining year for BETA. We entered the public markets backed by world class investors and strong support from our strategic partners. We demonstrated our capabilities in the air to customers, partners and regulators, reaching a total of over 100,000 nautical miles flown. We sustained that momentum through certification milestones across our family of aircraft, continued expansion of our charging network domestically and internationally, and added to our commercial aircraft and component backlog. With a healthy balance sheet and clear milestones ahead in 2026, we are set to maintain our commanding lead in electric aviation.”

Business Highlights

• Record-Setting Flights and Global Demonstrations: Conducted demonstration flights with customers in Norway and New Zealand, performed in the Paris Air Show and Oshkosh, completed the first all-electric passenger flight to New York’s JFK Airport, and set multiple world records in the Pulitzer Air Race.
• Progressed H500A Electric Engine Certification Testing: Completed build and FAA conformity inspections on all H500A test units to support FAA certification testing. Program on track for FAA type certification in H1 2026.
• Expanded Charging Network: Continued domestic and international expansion, totaling 107 sites, 57 of which are active.
• High-Quality Backlog for Aircraft and Components: As of December 31, 2025, commercial aircraft backlog: 891 aircraft (~$3.5B), 289 firm orders, 602 options. Selected to supply motors to Eve Air Mobility (~$1B over 10 years).
• Deepened Strategic Partnerships: Ongoing collaborations with GE Aerospace, General Dynamics Applied Physical Services, and Eve Air Mobility.
• Advanced Autonomous Flight Capabilities: First ALIA CTOL aircraft built for autonomous flight. Over $4M project funding via U.S. Army contract.
• Positioned to Start U.S. Aircraft Deliveries: Partnering with multiple states, deploying aircraft and charging network through eVTOL enhanced Integration Pilot Program (eIPP). 

Financial Highlights

• FY25 Revenues: $35.6M
• FY25 Net Loss: ($745.9M)
• FY25 Adjusted EBITDA: ($304.1M)

Fourth Quarter and Full Year 2025 Key Financial Metrics (in $000s)

Notes:

1. Non-GAAP measures include Adjusted EBITDA. Reconciliation available in supplemental tables.
2. CapEx represents purchases of property and equipment.

Financial Overview

• Q4 2025 revenues: $11.1M vs $4.4M in Q4 2024.
• FY 2025 revenues: $35.6M vs $15.1M in FY 2024.
• Revenue growth driven by motor deliveries, enabling technologies, engineering contracts, and charging network access.
• Operating expenses Q4 and FY 2025: $141.7M and $398.4M, including R&D $89.4M and $259.9M, respectively.

2026 Financial Outlook

• Full year 2026 revenues: $39M – $43M
• Full year 2026 Adjusted EBITDA: ($305M) – ($395M)

BETA has not reconciled forward-looking Adjusted EBITDA due to uncertainties beyond BETA’s control (e.g., stock-based compensation).

About BETA Technologies, Inc.

• BETA (NYSE: BETA) designs, manufactures, and sells high-performance electric aircraft, advanced propulsion systems, components, and charging systems worldwide.
• ALIA aircraft family: CTOL (fixed-wing) and VTOL (vertical takeoff & landing).
• Over 120,000 nautical miles flown, including multiple U.S. trips.
• Network: 100+ charging sites U.S. & international.
• Ranked #1 TIME World’s Top GreenTech Companies 2025.

Source: BETA Technologies, Inc