BETA Technologies Reports $122M Net Loss in Q1, Updates Full-Year EBITDA Loss Guidance to Up to $445M
Summary
BETA Technologies reported a Q1 2026 net loss of $122.3 million on revenue of $10.1 million, alongside an Adjusted EBITDA loss of $97.2 million. Critically, the company updated its full-year 2026 Adjusted EBITDA guidance to a loss of $355 million to $445 million, signaling a substantial expected cash burn. While the company maintains a strong cash position of $1.589 billion and reported significant operational progress, including advanced certification, regulatory momentum, and adding over $375 million to its commercial backlog for a total of $3.9 billion, the magnitude of the losses and the increased full-year loss guidance are material. Traders will be closely monitoring the company's ability to manage its cash burn while continuing to advance its capital-intensive eVTOL development and certification programs.
At the time of this announcement, BETA was trading at $18.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $13.43 to $39.50. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.