BETA Technologies, Inc.

BETA Technologies maintains a highly liquid balance sheet, holding $1.59 billion in cash and equivalents against total liabilities of $287.8 million, resulting in a current ratio of 21.37 and a debt-to-equity ratio of 0.11. The company carries $177.6 million in long-term debt and $7.1 million in short-term debt. Despite strong liquidity, the firm generated negative operating cash flow of $95.4 million and free cash flow of $119.5 million in Q1 2026, driven by significant capital expenditures of $24.2 million and ongoing operational losses. The market capitalization stands at $3.66 billion, implying a price-to-book ratio of 2.12 and an enterprise value-to-revenue multiple of 63.4, reflecting high growth expectations rather than current earnings power.

Profitability remains deeply negative, with a net loss of $122.3 million and an operating loss of $133.0 million in Q1 2026, yielding a return on equity of -43.2% and a return on assets of -37.1%. Gross profit was $5.8 million on $10.1 million in revenue, indicating a gross margin of approximately 57.6%, but this is insufficient to cover substantial operating expenses. The company’s EV/EBITDA is negative at -6.44, consistent with its pre-profitability stage. Compared to mature aerospace peers, BETA’s returns are severely depressed, but this is typical for early-stage electric aviation developers investing heavily in R&D and certification.

Beta Technologies, Inc. (BETA) experienced a significant modification in its shareholder registry, marked by a major severity signal regarding investor activity. The most material change involves a specific investor (ID 587) who drastically altered their position in the company's stock. This activity was detected in late June 2026, highlighting a notable shift in ownership structure for the electric vertical takeoff and landing (eVTOL) developer. The data indicates a substantial increase in shareholding by this investor, with the position growing from 4 shares to 657 shares as of March 31, 2026. This adjustment represents a significant relative change in the investor's stake, although the absolute value remains small, with the holding valued at approximately $0.01 million. The weight of this position in the investor's portfolio is minimal, standing at roughly 0.0000056%, suggesting the move may be part of a broader, diversified strategy rather than a concentrated bet on BETA. Despite this notable holder change, the broader analyst and institutional landscape for Beta Technologies remains sparse. The company currently has no coverage from financial analysts and is not included in any major indices. Furthermore, the officer count is listed as zero in the available data, and the company maintains a top holder count of 20, indicating a relatively concentrated or limited shareholder base compared to larger public entities. This first analysis for the ticker provides no prior basis for computing deltas in other metrics, meaning the observed holder change is the primary signal of activity. The significance of this event lies in its isolation; without analyst ratings or index membership to provide context, the movement by investor ID 587 stands out as a key data point for tracking early interest or internal adjustments within the company's shareholder structure. Investors should monitor whether this change reflects a broader trend in institutional accumulation or remains an isolated incident.

Revenue $10.1M; Operating income -$133.0M.

• ▍Revenue $10.1M
• ▍Operating income -$133.0M
• ▍Net margin -1207.0%

Revenue $24.5M; Operating income -$237.9M.

• ▍Revenue $24.5M
• ▍Operating income -$237.9M
• ▍Net margin -2434.0%

Revenue $35.6M; Operating income -$372.7M.

• ▍Revenue $35.6M
• ▍Operating income -$372.7M
• ▍Net margin -2094.2%

Revenue $15.1M; Operating income -$272.2M.

• ▍Revenue $15.1M
• ▍Operating income -$272.2M
• ▍Net margin -1826.4%

Revenue $15.4M; Operating income -$186.6M.

• ▍Revenue $15.4M
• ▍Operating income -$186.6M
• ▍Net margin -1143.2%