BETA (BETA Technologies) Operating Income: $-427.61 Mil (TTM As of Mar. 2026)


BETA BETA Technologies Inc BETA
12 GF Score
Price $19.00
! 1 Warning Sign
View Full Analysis

What is BETA Technologies Operating Income?

BETA Technologies BETA +4.91% 12 Operating Income is $-427.61 Mil as of Mar. 2026. GuruFocus rates BETA with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.

BETA Technologies's Operating Income for the three months ended in Mar. 2026 was $-132.96 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-427.61 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BETA Technologies's Operating Income for the three months ended in Mar. 2026 was $-132.96 Mil. BETA Technologies's Revenue for the three months ended in Mar. 2026 was $10.13 Mil. Therefore, BETA Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was -1,312.12%.

BETA Technologies's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BETA Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was -132.91%. BETA Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -125.74%.

BETA Technologies  (NYSE:BETA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BETA Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-531.828 * ( 1 - 0% )/( (383.58 + 416.732)/ 2 )
=-531.828/400.156
=-132.91 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2106.265 - 59.612 - ( 1710.227 - max(0, 76.395 - 1739.468+1710.227))
=383.58

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2013.102 - 51.411 - ( 1589.398 - max(0, 75.862 - 1620.821+1589.398))
=416.732

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

BETA Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-473.904/( ( (364.957 + max(-39.892, 0)) + (388.807 + max(-35.684, 0)) )/ 2 )
=-473.904/( ( 364.957 + 388.807 )/ 2 )
=-473.904/376.882
=-125.74 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.747 + 0 + 23.494) - (59.612 + 3.704 + 5.817)
=-39.892

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.43 + 0 + 24.993) - (51.411 + 3.911 + 11.785)
=-35.684

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

BETA Technologies's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-132.957/10.133
=-1,312.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

BETA Technologies Operating Income Related Terms

BETA Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for BETA Technologies's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BETA Technologies Operating Income Chart

BETA Technologies Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
-186.57 -272.22 -372.67

BETA Technologies Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial -78.02 -79.32 -80.57 -134.76 -132.96
BETA
12GF Score
BETA Technologies Inc BETA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BETA Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-427.61 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-427.61 Mil mean?
BETA Technologies (BETA) has a Operating Income of $-427.61 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BETA Technologies and its competitors.
Is BETA Technologies' Operating Income too high?
BETA Technologies' current Operating Income is $-427.61 Mil. Overall, BETA Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does BETA Technologies' Operating Income compare to ACHR and ATRO?
BETA Technologies' Operating Income of $-427.61 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BETA Technologies and its competitors. BETA Technologies's current Operating Income is $-427.61 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BETA Technologies stock overvalued right now?
BETA Technologies (BETA) has a current Operating Income of $-427.61 Mil. The current Operating Income is $-427.61 Mil. BETA Technologies' overall GF Score™ is 12/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For BETA Technologies (BETA), the current Operating Income is $-427.61 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BETA Technologies Business Description

Address 1150 Airport Drive, South Burlington, VT, USA, 05403
BETA Technologies Inc is an aerospace company. The group has developed an electric aircraft platform and propulsion systems that are positioned to transform the aviation industry forward into a new phase of growth. It designs, manufactures, and sells high-performance electric aircraft, modern electric propulsion systems, charging systems, and components. The group also invested in the underlying infrastructure of this breakthrough technology, which is critical to bringing electric aviation to life. The group has developed a differentiated presence in North America and is well-positioned to expand globally. Its products and services are Aircraft, Charge, Motor, Battery, Flight Controls, and Training. It has one operating segment: Development and Manufacturing of Electric Aircraft.
12GF Score

Get the complete analysis for BETA

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.00
Price