BETA Technologies, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,589,398 | $1,710,227 |
| Accounts receivable(1) | 6,430 | 5,747 |
| Prepaid expenses and other current assets(1) | 24,993 | 23,494 |
| Total current assets | 1,620,821 | 1,739,468 |
| Property and equipment, net | 370,971 | 348,540 |
| Operating lease right-of-use assets | 17,836 | 16,417 |
| Other non-current assets | 3,474 | 1,840 |
| Total assets | $2,013,102 | $2,106,265 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $22,411 | $24,503 |
| Accrued expenses | 29,000 | 35,109 |
| Payroll liabilities | 8,817 | 3,334 |
| Deferred revenue(2) | 3,911 | 3,704 |
| Operating lease liabilities | 1,626 | 1,551 |
| Notes payable | 7,129 | 5,711 |
| Other current liabilities | 2,968 | 2,483 |
| Total current liabilities | 75,862 | 76,395 |
| Deferred revenue, non-current(2) | 13,230 | 12,550 |
| Operating lease liabilities, non-current | 18,184 | 16,838 |
| Notes payable, non-current(3) | 177,596 | 179,799 |
| Other liabilities | 2,975 | 2,847 |
| Total liabilities | 287,847 | 288,429 |
| Commitments and contingencies (see Note 6) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par valueAuthorized - 50,000,000 sharesIssued and outstanding - 0 shares as of March 31, 2026 and December 31, 2025 | - | - |
| Class A Common stock, $0.0001 par valueAuthorized - 1,250,000,000 sharesIssued and outstanding - 221,299,939 and 220,726,547 shares as of March 31, 2026 and December 31, 2025 | 22 | 22 |
| Class B Common stock, $0.0001 par valueAuthorized - 10,000,000 sharesIssued and outstanding - 8,501,484 shares as of March 31, 2026 and December 31, 2025 | 1 | 1 |
| Additional paid-in capital | 3,761,078 | 3,731,273 |
| Accumulated deficit | (2,035,759) | (1,913,450) |
| Accumulated other comprehensive loss | (87) | (10) |
| Total stockholders’ equity | 1,725,255 | 1,817,836 |
| Total liabilities and stockholders’ equity | $2,013,102 | $2,106,265 |
(1)Includes related party amounts of $4,593 and $2,202 (accounts receivable) and $0 and $2,802 (prepaid expenses and other current assets) as of March 31, 2026, and December 31, 2025, respectively (see Note 11).
(2)Includes related party amounts of $1,162 and $1,011 (deferred revenue) and $8,970 and $8,290 (deferred revenue, non-current) as of March 31, 2026, and December 31, 2025, respectively (see Note 11).
(3)Includes related party amounts of $32,751 and $32,626 as of March 31, 2026, and December 31, 2025, respectively (see Note 11).
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