BETA Technologies Reports Q4 Earnings, Outlines 2026 Outlook

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BETA Technologies (NYSE:BETA) used its fourth-quarter and full-year 2025 earnings call to highlight key milestones across certification, commercialization, and defense partnerships, while also outlining a 2026 outlook that includes higher planned capital spending and continued operating losses as the company funds development and production ramp efforts.

Why it matters

BETA Technologies is a leading developer of electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure, positioning the company at the forefront of the emerging Advanced Air Mobility industry. The company's progress on certification, commercial deployments, and defense initiatives signals its continued momentum, even as it navigates the capital-intensive nature of aircraft development.

The details

On the certification front, BETA detailed achievements such as a Part 35 type certification for its propeller, closure of the G1 certification basis on the A250 VTOL aircraft, and progress on its Part 33 motor certification. The company also provided an update on its H500A electric engine certification work, including the completion of a 1,000-hour durability test and ongoing endurance testing. For its CTOL program, BETA said it has substantially completed the requirements definition phase and is advancing certification test planning. The VTOL program is benefiting from CTOL work due to aircraft commonality, with the A250 engineering flight-test program continuing. Commercially, BETA highlighted a series of demonstrations and deployments in 2025, including flying across Europe, opening the Paris Air Show, and completing what it described as the first all-electric passenger flight in and out of JFK Airport. The company also reported significant growth in its aircraft and enabling technologies backlog, which it expects to top $4 billion by the end of 2026. On the defense front, BETA referenced a January 2026 executive order prioritizing the warfighter and said it has been approached by three prime defense contractors, with opportunities for 'significantly higher revenue' in subsequent phases of existing programs.

• BETA Technologies reported its fourth-quarter and full-year 2025 earnings on March 9, 2026.
• The company outlined its 2026 outlook, including revenue guidance of $39 million to $43 million and Adjusted EBITDA of negative $305 million to negative $395 million.
• For the first quarter of 2026, BETA expects revenue of $7 million to $10 million and Adjusted EBITDA of negative $95 million to negative $110 million.

What they’re saying

What’s next

BETA Technologies is awaiting selection announcements for the FAA- and DOT-led eVTOL Integration Pilot Program (eIPP), which the company said could allow early commercial operations and potentially advance its business timeline 'by more than a year' if selected.