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BETA Technologies

BETA on NYSE. BETA Technologies Technologies Technologies sells aircraft, propulsion systems, charging systems and components to customers. Market value $5.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't pin down how many shares it has, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Industrials stocks that passed both tests

This is not advice. Check the numbers below.

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Cash yield
past 12 months to June 2026
-26.9%low

For every $100 of what the whole company costs, it produced $-26.90 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$20.90 a share, 56% above its 1-year low

Over the past year the price has ranged from $13.43 to $39.50.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.3
-0.4
202512 monthsto Jun '26
Revenue
$36m
Operating margin
-1046.3%
Debt to equity
0.10
Shares outstanding
0.07bn

Health checks

  • Free cash flow positive0 of 1 years
  • Accounting checksSkipped: company is not yet profitable
  • Debt0.10× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

Dates

Next results (estimated)
n/a
Last annual report (10-K)
9 March 2026
Next quarterly (estimated, 10-Q)
11 November 2026

Who owns it

None of the long-term investors we follow own it. 189 funds in all.

Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

8 investors own more than 5%.

  • FMR LLC
    Passive investor
    at least 15.0%
    (filed with 1 related holder)
    Since 28 November 2025
  • 9.2%
    Since 3 November 2025
    What they said

    The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. GE Aerospace initially acquired the Class A Shares for investment purposes. GE Aerospace intends to continue to review its investment in the Issuer on…

    Read the filing
  • John E. Abele
    Passive investor
    7.9%
    Since 3 November 2025
  • Kyle Clark
    Passive investor
    7.4%
    Since 3 November 2025
  • TPG GP A, LLC
    Passive investor
    at least 7.4%
    (filed with 2 related holders)
    Since 31 December 2025
  • Charles A. Davis
    Passive investor
    7.3%−0.8 pts
    Since 15 June 2026
  • Austin Meyer
    Passive investor
    5.4%−0.1 pts
    Since 30 June 2026
  • Amazon.com, Inc.
    Passive investor
    5.3%
    Since 31 December 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 8 insiders bought $100m of shares on the open market. 6 sold $15m, $13m of it under preset trading plans.

  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    6 October 2026
    Shares
    10,000
    Price
    $20.90
    Value
    $208,979
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    5 October 2026
    Shares
    10,000
    Price
    $21.30
    Value
    $212,959
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    2 October 2026
    Shares
    10,000
    Price
    $21.77
    Value
    $217,738
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    1 October 2026
    Shares
    10,000
    Price
    $22.00
    Value
    $220,027
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    30 September 2026
    Shares
    10,000
    Price
    $22.63
    Value
    $226,304
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    29 September 2026
    Shares
    10,000
    Price
    $22.62
    Value
    $226,205
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    26 September 2026
    Shares
    10,000
    Price
    $23.32
    Value
    $233,197
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    25 September 2026
    Shares
    10,000
    Price
    $24.15
    Value
    $241,498
  • Clark Kyle
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    24 September 2026
    Shares
    10,000
    Price
    $23.04
    Value
    $230,444
  • Stone Michael Robert
    Director
    Bought
    Date
    2 September 2026
    Shares
    13,125
    Price
    $19.19
    Value
    $251,810

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 9 Mar 2026, plus the 10-Q filed 12 Aug 2026 and 4 later 8-Ks.

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 27% last year. Losing that customer would hurt.

    “For the year ended December 31, 2025, the U.S. government and United Therapeutics constituted 27% and 16% of total revenues, respectively.”

    From the 10-K filed 9 March 2026, Item 1A. Risk Factors. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.