BETA Technologies Reports 136% Revenue Surge to $35.6M and $3.5B Backlog
BETA Technologies posted fiscal 2025 revenues of $35.6 million, a 136% increase from 2024, while reporting a net loss of $745.9 million and an adjusted EBITDA loss of $304.1 million. Cash reserves of $1.71 billion and a $3.5 billion commercial aircraft backlog underscore strong liquidity and demand.
1. 2025 Financial Performance
Fiscal 2025 revenues reached $35.6 million, up from $15.1 million in 2024, driven by $12.4 million in product sales and $23.2 million in service fees. The company recorded a net loss of $745.9 million with an adjusted EBITDA deficit of $304.1 million, offset by $1.71 billion in cash and equivalents.
2. Operational Milestones
In 2025 BETA flew over 100,000 nautical miles, including demonstration flights in Norway, New Zealand, and the first all-electric passenger flight to JFK. The H500A electric engine completed FAA conformity inspections on all test units, keeping the program on track for type certification in the first half of 2026, while charging network sites grew to 107, with 57 active.
3. Backlog and Partnerships
As of December 31, 2025, the company held a commercial aircraft backlog valued at $3.5 billion, comprising 289 firm orders and 602 options. Strategic partnerships expanded with GE Aerospace, General Dynamics Applied Physical Services, and a selection to supply motors to Eve Air Mobility under a potential $1 billion contract.
4. Outlook for 2026
With a healthy balance sheet and strategic state collaborations for the eVTOL Integration Pilot Program, BETA expects to begin U.S. aircraft deliveries in 2026. Upcoming milestones include FAA type certification for the H500A engine and further expansion of the global charging network.