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Beta Technologies (BETA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Beta Technologies (BETA) Q3 2026 earnings results →
Q3 2026 Revenue up 98% year over year to $17.7M · 674¢ of every $1 of revenue lost · operating margin -723.2%
Beta Technologies made $17.7M in Q3 2026 (+98% Y/Y): Service $12.5M, Product $5.2M. Operating margin -723.2%, net loss $119M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $17.7M in Q3 2026, up 98% year over year and up 21% from the previous quarter. Service was the largest line at 71% of revenue. Service added $6.5M year over year (up 108%), 74% of the total change.
Gross margin was 72.1%, up 2.8 points from Q3 2025. Operating costs exceeded revenue by $127.8M, an operating margin of -723.2%. Operating expenses grew 62% against revenue growth of 98%. The fastest-growing cost line was General & admin (+65%). The quarter ended with a net loss of $119.1M, narrower than the previous quarter's $148.8M loss.
Operating cash flow was −$101.1M. Non-cash charges added back $6.9M of depreciation and amortization and $11.1M of share-based compensation. Capital expenditures of $28.8M exceeded it, leaving free cash flow of −$129.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $17.7M | +98% | -723.2% | −$119M | −$101M |
| Q2 2026 | 10-Q | Aug 12, 2026 | $14.7M | +146% | n/m | −$149M | −$74.9M |
| Q1 2026 | 10-Q | May 12, 2026 | $10.1M | +6% | n/m | −$122M | −$95.4M |
| Q4 2025 | 10-K | Mar 9, 2026 | $11.1M | +151% | n/m | −$150M | −$84.4M |
| Q3 2025 | 10-Q | Dec 4, 2025 | $8.9M | +191% | -903.5% | −$437M | −$68.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- U.S. government — 27% of its revenue · Stated in 10-K (sentence) · source
- UTHR — 16% of its revenue · Stated in 10-K (sentence) · source
About Beta Technologies
We are redefining the aerospace industry. We have developed an electric aircraft platform and propulsion systems that are positioned to transform the aviation industry forward into a new phase of growth. We design, manufacture and sell high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. Further, we have invested in the underlying infrastructure of this breakthrough technology, which is critical to bringing electric aviation to life. We believe we have developed a differentiated presence in North America and are well positioned to expand globally.
In its own words, from its 10-K, filed Mar 9, 2026.
Beta Technologies against its Aircraft peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +98% against the peers' median +76%. Operating margin: -723.2% against the peers' median -208.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BETA Beta Technologies | Q3 2026 | $17.7M | +98% | -723.2% |
| BA Boeing | Q3 2026 | $24.2B | +4% | 1.5% |
| AVAV AeroVironment | Q1 FY27 | $480M | +6% | -2.3% |
| AVEX Aevex | Q2 2026 | $202M | +100% | 7.6% |
| JOBY Joby Aviation | Q3 2026 | $55.1M | +144% | -504.8% |
| AIRO Airo Group Holdings | Q2 2026 | $43.2M | +76% | 3.8% |
| ACHR Archer Aviation | Q2 2026 | $5.0M | — | n/m |
| UAVS AgEagle Aerial Systems | Q2 2026 | $2.7M | -36% | -208.7% |
| DUKR Duke Robotics | Q2 2026 | $149K | +4% | -622.8% |
Source: Beta Technologies 10-Q on SEC EDGAR · CIK 1784570 · Aircraft
Guidance and outlook
13F: who owns BETA and who is buying
More on BETA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results