BETA
BETA Technologies, Inc.

BETA Technologies, Inc.BETA

Industrials · Aerospace & Defense
27.12USD
+12.77%
Nov 08, 2026
BETA overview ready
Vertically Integrated Electric Aircraft OEM and Charging Network Provider
BETA is a vertically integrated electric-aircraft OEM and infrastructure provider: it is developing the ALIA conventional-takeoff and vertical-takeoff aircraft, electric propulsion systems and an airport charging network, while pursuing certification and early operating deployments across cargo, medical, defense and passenger-adjacent missions.
Theme not measured
EVTOL / Air Mobility has no leadership state this session.
Advancing price action
Longer-term context reads new trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Fundamentals not measured
Primary risk
Regulatory and certification delays.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 16

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.3BusinessPerformance4.0BusinessQuality—Valuation2.4ThemeMomentum—Decelerating — Revenue is still growing (+98% YoY), but growth has slowed, down from +146%. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
eVTOL / Air Mobility — eVTOL / Air Mobility is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Aerospace & Defense, reads Lagging (+0.8pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads new trend, with a near-term setup of daily advance.
EntryReset + recovery

The recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.0B
Avg Volume (60D)
2.8M
60 sessions
Revenue Growth YoY
+136.0%
FY2025 vs FY2024
Gross Margin
+62.5%
Trailing twelve months
Free Cash Flow Yield
-46.1%
Distance from 200DMA
+43.1%
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+98% YoY), but growth has slowed, down from +146%. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+98%
$17.7M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +151%
  2. +5.6%
  3. +146%
  4. +98%
Earnings growthLoss narrowing
-$119M
Net income -$119M. Per-share figures are not comparable across a large share-count change.
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Gross marginStable
72.1%
+2.8 pp YoY
Earnings improved more than operations did
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
BETA Technologies, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates. The business behind it shows an operating margin of -1033% and negative free cash flow.

What changed

  • BETA rose 12.8% in one session
    BETA closed +12.8% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
BETA is a vertically integrated electric-aircraft OEM and infrastructure provider: it is developing the ALIA conventional-takeoff and vertical-takeoff aircraft, electric propulsion systems and an airport charging network, while pursuing certification and early operating deployments across cargo, medical, defense and passenger-adjacent missions.
Opportunity
Moderate opportunity
FAA certification progress, operational pilot programs, fleet commitments and airport-energy buildout are moving electric fixed-wing and vertical-lift aircraft from development toward early commercial, medical, logistics and defense operations.
Key risk
Regulatory and certification delays.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Aerospace & Defense
What they do

BETA Technologies designs, manufactures, and sells electric aircraft and related propulsion and charging systems, operating as a vertically integrated electric aerospace company.

How it earns

Primarily transactional, generating revenue through sales of electric aircraft, propulsion components, and charging infrastructure.

Products & services
ALIA electric fixed-wing aircraft
Electric vertical takeoff and landing (eVTOL) aircraft
Electric propulsion systems
Charging infrastructure
Customers & end markets
Cargo and logistics
Defense
Passenger
Medical
Market position

Niche player focused on vertically integrated electric aircraft and infrastructure development within advanced air mobility.

Demand drivers
Medium cyclicality

Demand tied to aerospace and defense spending cycles and adoption rates of new electric aviation technologies.