BETA Technologies Reports Strong Third Quarter 2025 Growth as the Newly Public Company Accelerates Electric Aviation Development
BETA Technologies, Inc. (NYSE: BETA), a rapidly expanding innovator in electric aviation, announced its financial and operational results for the third quarter ended September 30, 2025. The update marks one of the company’s first major disclosures since its successful listing on the New York Stock Exchange, reflecting a period of strong momentum across product development, customer engagements, and strategic partnerships.
Kyle Clark, President and Chief Executive Officer of BETA Technologies, emphasized the company’s unwavering focus on its long-term mission despite the milestone of going public. “It’s been an incredibly exciting time at BETA following our recent listing on the New York Stock Exchange,” Clark stated. “As a newly public company, we remain firmly grounded in what makes BETA unique—our simple, stepwise approach, our vertical integration, and our focus on designing and manufacturing the complete electric aviation ecosystem to meet the needs of customers around the world. We are redefining aerospace and capturing the significant, untapped opportunity in sustainable, reliable, and efficient electric aviation.”
Across the third quarter, BETA recorded substantial progress on its aircraft programs, supply-chain readiness, technology certification milestones, and expanding customer pipeline. The results underscore the company’s continued rise as a major player in the growing electric aviation market, including both conventional takeoff and landing (CTOL) aircraft and its next-generation vertical takeoff and landing (VTOL) solutions.
Advancing Commercial Momentum Through Demonstration Deliveries
One of the quarter’s most notable achievements was BETA’s delivery of its ALIA CTOL electric aircraft to two major international partners for planned demonstration flights. The company completed delivery of a fully functional aircraft to the Bristow Group in Norway, where tests will be conducted within the nation’s international zero- and low-emission aviation arena. This initiative positions BETA at the forefront of electric aviation deployment in Europe’s most sustainability-focused aviation testing environment.
Simultaneously, BETA shipped another ALIA CTOL to New Zealand for Air New Zealand’s evaluation and demonstration programs. This activity reinforces BETA’s strategy of working closely with established aviation operators to validate operational use cases for cargo, logistics, medical transport, and regional passenger missions.
These customer engagements also create important data streams that support certification technical dossier, simulation refinements, and broader commercial rollout strategy.
Breakthrough Certification Milestone for Electric Propulsion Technology
A major technical milestone was reached in partnership with Hartzell when successfully certified the first-ever electric aircraft pusher propeller under FAA Part 35 Type Certification. This achievement is significant not only for the company but also for the emerging electric aviation industry at large.
The certification supports BETA’s broader effort to secure Type Certification for its H500A electric engine under FAA Part 33 requirements. Because many performance and safety criteria overlap across the two certification categories, the pusher propeller approval represents meaningful progress within BETA’s propulsion certification roadmap.
Such advancements confirm the company’s capability to develop, test, validate, and certify aerospace-grade electric propulsion technologies—a critical competitive differentiator in the rapidly accelerating advanced air mobility (AAM) sector.
First Production ALIA VTOL Enters Piloted Flight Testing
On the VTOL side, BETA completed assembly of its first production ALIA VTOL aircraft and received a Special Airworthiness Certificate from the Federal Aviation Administration. This approval allowed BETA to commence piloted flight testing—a major step forward in its transition from prototype development to production systems.
The entry into piloted testing indicates growing confidence from regulators and internal engineering teams, and it advances BETA toward its long-term goal of commercializing a versatile VTOL solution tailored for both civil and defense applications.
Strategic Partnership With GE Aerospace Strengthens Hybrid Strategy
BETA continued to expand its ecosystem with a transformational partnership with GE Aerospace. As part of the collaboration, GE invested $300 million in equity to support joint development of a hybrid electric turbogenerator. This system is designed to unlock extended range for future hybrid VTOL aircraft, next-generation BETA platforms, and potentially other advanced air mobility applications.
The partnership positions BETA not just as an electric aviation company, but as a vertically integrated powertrain developer capable of serving multiple aircraft categories and supporting industry-wide electrification initiatives.
Propulsion Technology Extends Into Classified Defense Applications
BETA also announced a partnership with General Dynamics to design and manufacture propulsion systems for classified undersea platforms. While the details remain undisclosed, the collaboration reflects the broader applicability of BETA’s technology stack beyond aviation. It demonstrates the credibility of BETA’s propulsion engineering capabilities and creates an additional, strategically important revenue stream.
Orderbook Growth Highlights Civil Demand
As of September 30, 2025, BETA reported a backlog of 891 civil aircraft valued at approximately $3.5 billion.
- 289 aircraft represent firm purchase commitments
- 602 aircraft are under option agreements
This strong orderbook underscores the expanding relevance of electric aviation use cases, ranging from airport operations and cargo logistics to medical services and regional passenger transport.
Third Quarter 2025 Financial Performance
In the third quarter, BETA generated $8.9 million in total revenue, a substantial increase from the prior year.
Key financial highlights:
- Product revenue reached $2.9 million, driven by early motor deliveries that were originally expected in Q4.
- Service revenue totaled $6 million, primarily from U.S. defense contracts, highlighting BETA’s growing dual-use business model.
- Operating expenses were $86.8 million, reflecting investment in R&D, infrastructure build-out, and staffing needed for certification and commercialization.
- Net loss attributable to common stockholders was $451.8 million, influenced heavily by non-cash accounting impacts from convertible preferred stock issued during the quarter.
- Adjusted EBITDA was –$67.6 million, representing disciplined cost management despite expanded operations.
- Capital expenditures totaled $13 million, supporting manufacturing scale-up, testing infrastructure, and facility expansion.
These results align with expectations for a rapidly scaling aerospace manufacturer preparing for multi-platform production.
Strengthened Cash Position Following Listing
BETA ended the quarter with $687.6 million in cash and cash equivalents, substantially higher than the prior year and reflective of its improved liquidity position. Importantly, this balance does not include the $1.1 billion in net proceeds from the company’s IPO, which will be reported in year-end results.
With this strong financial foundation, BETA plans to continue investing in:
- aircraft manufacturing capacity,
- vertiport and charging infrastructure,
- hybrid powertrain development,
- workforce expansion, and
- certification initiatives.
For the full year, BETA expects:
- Revenue between $29 million and $33 million, reflecting strong product and service momentum.
- Adjusted EBITDA between –$295 million and –$325 million, consistent with its planned investment cycle for certification and commercial readiness.
The company stated that it is unable to provide a detailed GAAP reconciliation for its Adjusted EBITDA forecast due to the unpredictable nature of stock-based compensation and other variable non-cash expenses.
It hosted a live webcast and investor conference call to discuss the quarterly results. Supporting materials, including slides and financial disclosures, are available on the company’s Investor Relations website, with a full replay accessible for stakeholders.
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