BETA Technologies today announced its financial and operating results for the second quarter ended June 30, 2026.
Revenues for the quarter ended June 30, 2026 were USD14.7 million, compared to USD6.0 million for the quarter ended June 30, 2025. Product revenues and service revenues were USD3.3 million and USD11.4 million, respectively. Operating expenses for the quarter ended June 30, 2026 were USD166.1 million, including research and development expenses of USD122.4 million. …Net loss and Adjusted EBITDA for the quarter ended June 30, 2026 were USD148.8 million and USD109.) million, respectively. “Capital expenditures for the quarter ended June 30, 2026 were USD41.1 million, compared to USD6.0 million for the quarter ended June 30, 2025. Cash and cash equivalents totalled USD1,479.5 million as of June 30, 2026, compared to USD174.5 million as of June 30, 2025, as a result of private financings and the proceeds from the company’s IPO.
“BETA increases our full year 2026 revenues to be in the range of USD42 million to USD50 million and updates full year 2026 Adjusted EBITDA to be in the range of (USD400) million to (USD445) million.”
“This quarter showed that the investments made across the business continue to translate into real-world operations and delivered tangible results,” said Kyle Clark, founder and chief executive officer of BETA. “We became the first company to launch operations under the eVTOL Integration Pilot Program, demonstrated hybrid-electric flight at commercial altitude with GE Aerospace, unveiled the MV250 for defence applications, and continued to grow our backlog. Each of these milestones builds on the same integrated foundation: certification, operational experience, infrastructure, and vertical integration. Progress in one program strengthens the others, accelerating our ability to serve commercial and defence customers as we scale.”
The company grew BETA’s network to 138 charging sites, while announcing the deployment of up to 250 charging sites, including airports and vertiports in California, Texas, Florida, and New York under the America’s Consortium for Electric Skyways (“ACES”) with Archer Aviation and Macquarie Capital. It also reached agreement with the FAA on the H500A’s continued-rotation compliance approach, completed durability and lightning-strike teardowns with strong results and substantially completed software requirements-based testing, with formal FAA testing underway.” For the CX300, BETA closed the Requirements Definition phase, receiving FAA acceptance of the aircraft’s complete set of compliance requirements and creating meaningful carryover to the A250 program,” said the company.
“Following successful cargo flight demonstrations completed across Scotland, Loganair signed a term sheet for five CX300 aircraft, with options for five additional aircraft. The order demonstrates BETA’s strategy of proving aircraft performance through real-world operations that convert directly into commercial demand.”
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