BETA Sets 2026 Revenue Guidance After Record Quarter

The Tip Desk · November 10, 2026 · 3 min read

Third-quarter revenue reached a record $17.7 million, and the company set full-year 2026 revenue guidance of $52 million to $57 million.

BETA Technologies, Inc. (BETA), an aerospace and defense company, reported record third-quarter revenue of $17.7 million, up 98% from $8.9 million a year earlier, and said the result exceeded its guidance range.

The sequential climb continued from $14.7 million in the second quarter and $10.1 million in the first. Service revenue was $12.5 million and product revenue $5.2 million. Gross margin expanded to $12.7 million from $8.0 million in the second quarter.

Founder and chief executive officer Kyle Clark said the quarter was the company’s strongest of revenue since inception and that BETA was exceeding targets set at the beginning of 2026. The company said revenue was entirely organic.

The A250 became the first electric vertical takeoff and landing aircraft to receive an FAA Special Airworthiness Certificate for market surveys, enabling demonstration flights with customers onboard ahead of type certification. The authorization builds on BETA’s existing CX300 market survey authorization, the company said. The fleet surpassed 250,000 nautical miles flown, ahead of the year-end target.

BETA launched 6 of 7 selections in the FAA’s eVTOL Integration Pilot Program, after completing the industry’s first eIPP flights in the second quarter. Missions included transporting medical supplies in North Carolina, delivering emergency response equipment in Texas and moving time-sensitive cancer medicines in Utah. The charging network expanded to 168 sites from 138 at the end of the second quarter.

Commercial aircraft backlog increased to just over $4.0 billion, or 1,040 aircraft in firm and option orders supported by financial commitments, surpassing the company’s year-end target. That compared with $3.9 billion across 991 aircraft after the first quarter.

Operating expenses fell to $140.5 million from $166.1 million in the second quarter. Research and development expense fell to $90.5 million from $122.4 million. Non-cash warrant expense related to the collaborative arrangement with GE Aerospace of $5.8 million was embedded in research and development. General and administrative expense was $50.0 million. Loss from operations was $127.8 million.

Net loss was $119.1 million, or $0.51 a share, compared with a net loss of $437.2 million, or $9.83 a share, a year earlier, when the year-ago period included a $355.6 million loss on issuance of convertible preferred stock. Adjusted EBITDA was a loss of $97.4 million.

Capital expenditures were $28.8 million. Cash and cash equivalents were $1,343.1 million as of September 30, 2026, down from $1,479.5 million at June 30, 2026. Cash and cash equivalents were $687.6 million as of September 30, 2025. The company attributed the September 30, 2026 cash balance to private financings and IPO proceeds.

BETA set full-year 2026 revenue guidance of $52 million to $57 million and maintained full-year 2026 Adjusted EBITDA guidance of ($400) million to ($445) million. The company said it has not reconciled that forward-looking Adjusted EBITDA range because items such as stock-based compensation depend on future stock value and hiring needs that are difficult to predict.

Clark said BETA is carrying the quarter’s momentum into scaling production as it advances toward commercial certification.