The raised revenue guidance and FAA market survey authorization are key catalysts. Monitor the Q4 2026 earnings for progress on eIPP commercial operations and type certification timelines, which will determine the pace of backlog conversion.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 3 $23.64entry
- T+1 · yesterday +7.06%α +5.41% · $25.31
- T+2 · todayOpen
- T+5 · in 4d Pending
- T+20 · in 26d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
BETA Technologies reported Q3 2026 revenue of $17.7M (98% YoY growth, above the $10.8M consensus) and a GAAP net loss of $(119.1)M. The company raised full-year 2026 revenue guidance to $52M-$57M (from $39M-$43M) and achieved a historic FAA market survey authorization for its A250 eVTOL aircraft, while the net loss and Adjusted EBITDA loss widened year-over-year.
Key Financial Metrics
Key Facts
- Record quarterly revenue of $17.7M, up 98% from $8.9M in Q3 2025
- Revenue exceeded the $10.8M consensus estimate
- Full-year 2026 revenue guidance raised to $52M-$57M from $39M-$43M
- A250 became first eVTOL to receive FAA Special Airworthiness Certificate for market surveys
- Commercial aircraft backlog grew to just over $4.0B (1,040 aircraft)
- GAAP net loss of $(119.1)M vs $(437.2)M in Q3 2025 (prior year included $355.6M loss on preferred stock issuance)
- Adjusted EBITDA loss of $(97.4)M vs $(67.6)M in Q3 2025
- Cash and cash equivalents $1.34B as of September 30, 2026
Financial Impact
Revenue beat consensus by 64% ($17.7M vs $10.8M estimate); full-year revenue guidance raised by $13.5M at midpoint
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Product | $5.2M | +77.7% |
| Service | $12.5M | +108.1% |
Risk Factors
- Adjusted EBITDA loss continues to widen ($97.4M vs $67.6M YoY), indicating heavy cash burn
- Cash decreased by $367M from $1.71B at year-end 2025 to $1.34B
- Company remains pre-profitability with no timeline to positive net income
- Relies on continued capital markets access to fund operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-069120 |
| Document: bta-20261103.htm | 0001628280-26-069120 |
| Document: 0001628280-26-069120-index-headers.html | 0001628280-26-069120 |
| Document: 0001628280-26-069120-index.html | 0001628280-26-069120 |
| Document: 0001628280-26-069120.txt | 0001628280-26-069120 |
| 8-K Data (Synthetic) | 0001628280-26-069120 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 5, 2026 today | 144 | $24.00 | awaiting T+5 | awaiting T+5 | $25.31 (−5.46%) |
Nov 4, 2026 1d ago | 144 | $25.31 | awaiting T+5 | awaiting T+5 | $25.31 (+0.00%) |
Nov 3, 2026 2d ago | 144 | $25.31 | awaiting T+5 | awaiting T+5 | $25.31 (−0.00%) |
Nov 3, 2026 2d ago | 8-K | $23.64 | awaiting T+5 | awaiting T+5 | $25.31 (+7.06%) |
Nov 2, 2026 3d ago | 144 | $23.64 | awaiting T+5 | awaiting T+5 | $25.31 (−7.06%) |
Oct 30, 2026 6d ago | 144 | $20.38 | awaiting T+5 | awaiting T+5 | $25.31 (−24.19%) |
Oct 29, 2026 7d ago | 144 | $20.05 | awaiting T+5 | awaiting T+5 | $25.31 (+26.23%) |
Oct 28, 2026 8d ago | 144 | $20.57 $24.05 | ▲ +16.92% | ▲ +21.64% | $25.31 (+23.04%) |
Oct 27, 2026 9d ago | 144 | $19.98 $25.31 | ▲ +26.68% | ▲ +27.39% | $25.31 (+26.68%) |
Oct 26, 2026 10d ago | 144 | $20.75 $23.64 | ▼ −13.93% | ▼ −15.92% | $25.31 (−21.98%) |
US Market Status
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