BETA Technologies, Inc. (NYSE:BETA) reported fourth-quarter revenue of $11.1 million on Monday, representing a 151% increase from $4.4 million in the same period a year earlier. However, the electric aerospace company posted a larger-than-expected loss, with adjusted earnings per share of -$2.02 for the quarter ended December 31, 2025.
The company’s shares dropped 2.91% in pre-market trading following the earnings release.
Looking ahead, BETA forecast fiscal 2026 revenue in the range of $39 million to $43 million. The midpoint of $41 million is about 21% higher than the analyst consensus estimate of $34 million.
Despite the strong revenue outlook, the company expects adjusted EBITDA for the full year to fall between -$305 million and -$395 million. For the full year 2025, revenue totaled $35.6 million, a 136% increase compared with $15.1 million in 2024.
“2025 was a defining year for BETA,” said Kyle Clark, President and Chief Executive Officer. “We entered the public markets backed by world class investors and strong support from our strategic partners. We demonstrated our capabilities in the air to customers, partners and regulators, reaching a total of over 100,000 nautical miles flown.”
BETA reported a net loss of $150.0 million for the fourth quarter, compared with a loss of $76.4 million during the same period the previous year. For the full year, net loss widened to $745.9 million, up from $275.6 million in 2024. Adjusted EBITDA for the quarter came in at -$103.5 million, versus -$68.2 million a year earlier.
The company also said it completed conformity inspections for all H500A electric engine test units, keeping the program on track for FAA type certification in the first half of 2026.
BETA expanded its electric aircraft charging network to 107 locations, with 57 of those currently operational. As of December 31, 2025, the company reported a commercial aircraft backlog of 891 units valued at approximately $3.5 billion.
Cash and cash equivalents stood at $1.7 billion at the end of 2025, a significant increase from $301.4 million recorded a year earlier.