Quarterly ResultMay 12, 2026, 06:12 AM
BETA Technologies Q1 Revenue $10.1M; Net Loss ($122.3M)
AI Summary
BETA Technologies announced its first quarter 2026 financial and operating results, reporting $10.1 million in revenue and a net loss of ($122.3) million. Despite increased losses, the company highlighted significant operational progress, including leading the industry with selections in seven of eight eVTOL Integrated Pilot Programs and expanding its charging network to 123 sites. BETA also grew its commercial aircraft backlog by over $375 million, reaching a total of $3.9 billion across 991 aircraft, and reaffirmed its full-year 2026 revenue guidance.
Key Highlights
- BETA Technologies reported Q1 2026 revenue of $10.1 million, up from $9.6 million in Q1 2025.
- Net loss for Q1 2026 was ($122.3) million, compared to ($78.3) million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was ($97.2) million, versus ($64.7) million in Q1 2025.
- The company added over $375 million to its backlog, reaching a total commercial backlog of $3.9 billion across 991 aircraft.
- BETA was selected for 7 of 8 eVTOL Integrated Pilot Programs by the FAA and U.S. DOT.
- The global charging network expanded to 123 sites, including 34 new chargers in Florida.
- BETA reaffirmed full-year 2026 revenue guidance of $39 million to $43 million.
- Full-year 2026 Adjusted EBITDA guidance was updated to a range of ($355) million to ($445) million.