Key Highlights

  • Shares rose 9.08% to USD 22.23 in pre-market trading on November 3, 2026.
  • Third quarter 2026 Revenue climbed 98% to USD 17.7 million from USD 8.9 million a year earlier.
  • Full year 2026 revenue guidance was lifted to a range of USD 52 million to USD 57 million.
  • The company reported cash and cash equivalents of USD 1,343.1 million as of September 30, 2026.
  • Commercial aircraft Backlog topped USD 4.0 billion, covering 1,040 aircraft in firm and option orders.

What pushed Beta Technologies shares up in pre-market trading (up USD 1.85, 9.08%)?

Beta Technologies (NYSE:BETA) rose 9.08% to USD 22.23 in pre-market trading on November 3, 2026. Measured against the Monday November 2 close, that implies a prior close near USD 20.38 (calculated).

The gain came as the company released third quarter 2026 results that same morning, ahead of an Earnings Call at 8:30 a.m. Eastern time. The company called the quarter its strongest since inception and said the revenue growth was entirely organic.

What did third quarter results reveal?

According to a company press release dated November 3, 2026, revenue was USD 17.7 million, up from USD 8.9 million a year earlier. Product revenue was USD 5.2 million and service revenue was USD 12.5 million.

Costs outpaced sales growth. Research and Development expense was USD 90.5 million and general and administrative expense was USD 50.0 million, leaving a loss from operations of USD 127.8 million. Net loss was USD 119.1 million, or USD 0.51 per share, and adjusted EBITDA was a loss of USD 97.4 million.

What does Beta Technologies do, and what else did it disclose?

Beta designs and builds electric aircraft, electric propulsion systems, components and charging systems for cargo, defense, passenger and medical customers. It is based in South Burlington, Vermont, and is led by founder and chief executive Kyle Clark.

The company said its A250 became the first electric vertical takeoff aircraft to receive an FAA Special Airworthiness Certificate for market surveys, allowing demonstration flights with prospective customers aboard. Its fleet passed 250,000 nautical miles, its charging network reached 168 sites, and the R&D line included a USD 5.8 million non-cash Warrant expense tied to its collaboration with GE Aerospace (NYSE:GE).

What should readers know about the Balance Sheet and risks?

Cash stood at USD 1,343.1 million at September 30, 2026, down from USD 1,710.2 million at December 31, 2025, a decline of about USD 367 million (calculated) over nine months.

The company kept its 2026 adjusted EBITDA outlook at a loss of USD 400 million to USD 445 million. The prior year quarter net loss of USD 437.2 million included a USD 355.6 million charge on convertible preferred stock, so comparisons with last year are distorted.

What could investors track next?

The earnings call on November 3, 2026 and its replay may add detail on certification timing, production ramp and the pace of cash use.

Other markers include progress in the remaining eVTOL Integration Pilot Program missions, backlog conversion into deliveries, and whether revenue lands inside the raised range for the fourth quarter.