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 Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Product | $963 | $2,488 |
| Service(1) | 9,170 | 7,111 |
| 10,133 | 9,599 | |
| Cost of revenues: | ||
| Product | 596 | 533 |
| Service | 3,705 | 1,205 |
| 4,301 | 1,738 | |
| Gross margin: | ||
| Product | 367 | 1,955 |
| Service | 5,465 | 5,906 |
| 5,832 | 7,861 | |
| Operating expenses: | ||
| Research and development(2) | 91,739 | 57,864 |
| General and administrative(2) | 47,050 | 28,014 |
| Total operating expenses | 138,789 | 85,878 |
| Loss from operations | (132,957) | (78,017) |
| Other (income) expense: | ||
| Interest income | (14,481) | (2,697) |
| Interest expense(3) | 3,617 | 2,860 |
| Total other (income) expense | (10,864) | 163 |
| Loss before income taxes | (122,093) | (78,180) |
| Provision for income taxes | 216 | 98 |
| Net loss | (122,309) | (78,278) |
| Convertible preferred stock paid-in-kind dividend | - | 12,164 |
| Net loss attributable to common stockholders | $(122,309) | $(90,442) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.53) | $(1.98) |
| Comprehensive loss: | ||
| Net loss | $(122,309) | $(78,278) |
| Foreign currency translation adjustments | (77) | (2) |
| Comprehensive loss | $(122,386) | $(78,280) |
(1)Includes related party amounts of $7,999 and $2,182 for the three months ended March 31, 2026 and 2025, respectively (see Note 11).
(2)Includes related party amounts of $5,634 and $0 attributable to warrant expense (research and development) and $87 and $(103) (general and administrative) for the three months ended March 31, 2026 and 2025, respectively (see Note 11).
(3)Includes related party amounts of $701 and $0 for the three months ended March 31, 2026 and 2025, respectively (see Note 11).
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