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
BETA$28.09-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(122,309) | $(78,278) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,151 | 5,121 |
| Loss on disposal of property and equipment | 331 | 871 |
| Stock-based compensation | 23,416 | 7,307 |
| Warrant expense | 5,634 | - |
| Non-cash interest expense | 684 | 534 |
| Other | 119 | 117 |
| Net changes in operating assets and liabilities | (9,386) | 6,066 |
| Net cash used in operating activities | (95,360) | (58,262) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (24,176) | (6,681) |
| Proceeds from sale of property and equipment | - | 431 |
| Net cash used in investing activities | (24,176) | (6,250) |
| Cash flows from financing activities | ||
| Proceeds from convertible Series C preferred stock | - | 799 |
| Payment of convertible Series C preferred stock issuance costs | (150) | (1,616) |
| Payment of other initial public offering issuance costs | (402) | - |
| Repayment of borrowings | (1,435) | (228) |
| Exercise of stock options | 755 | 750 |
| Principal payments on finance lease obligations | (16) | (15) |
| Net cash used in financing activities | (1,248) | (310) |
| Effect of currency translation on cash, cash equivalents and restricted cash | (41) | (1) |
| Decrease in cash, cash equivalents and restricted cash | (120,825) | (64,823) |
| Cash, cash equivalents and restricted cash at beginning of period | 1,715,265 | 302,025 |
| Cash, cash equivalents and restricted cash at end of period | $1,594,440 | $237,202 |
| Supplemental cash flow information | ||
| Cash paid for interest | 2,952 | 2,326 |
| Cash paid for operating leases | 997 | 887 |
| Non-cash investing and financing activities | ||
| Right-of-use assets recognized for new leases | 1,932 | 4 |
| Property and equipment recorded in accounts payable | 13,016 | 5,467 |
| Stock issuance costs recorded in accounts payable and accrued liabilities | 195 | 9,212 |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheet to the total of the amounts in the condensed consolidated statements of cash flows:
| March 31,2026 | March 31,2025 | |
|---|---|---|
| Cash and cash equivalents | $1,589,398 | $236,572 |
| Restricted cash included in: | ||
| Prepaid expenses and other current assets | 4,576 | 164 |
| Other assets | 466 | 466 |
| Total cash, cash equivalents and restricted cash | $1,594,440 | $237,202 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.