BETA Technologies (BETA)


Market Price (10/15/2026): $17.73 | Market Cap: $4.1 BilSector: Industrials | Industry: Aerospace & Defense

BETA Technologies (BETA)


Market Price (10/15/2026): $17.73
Market Cap: $4.1 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 94%

Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include Advanced Air Mobility, Show more.

Weak multi-year price returns
2Y Excs Rtn is -86%, 3Y Excs Rtn is -131%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -506 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1129%

Expensive valuation multiples
P/SPrice/Sales ratio is 92x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 137%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -721%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -940%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26%

Key risks
BETA key risks include [1] potential financial distress from substantial operating losses and high cash burn, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -31%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 94%
2 Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include Advanced Air Mobility, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -86%, 3Y Excs Rtn is -131%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -506 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1129%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 92x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 137%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -721%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -940%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26%
9 Key risks
BETA key risks include [1] potential financial distress from substantial operating losses and high cash burn, Show more.

BETA in ETFs

Weight = BETA's share of each fund

VTI0.00%
ITOT0.00%
IWM0.08%
VB0.01%
ITA0.19%
SCHA0.06%
SCHM0.05%
IWO0.05%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/13/2026

BETA Technologies (BETA) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Continued strong analyst endorsement and high price targets.

Throughout fiscal Q3 2026 (which ended September 30, 2026) and into fiscal Q4 2026, multiple investment firms reiterated or initiated "Buy" or "Overweight" ratings for BETA Technologies. For instance, Needham & Company LLC restated a "buy" rating with a $34.00 price target in August, Cantor Fitzgerald reiterated an "overweight" rating with a $31.00 price target, and Barclays initiated coverage with an "overweight" rating and a $35.00 price target. The consensus average price target for BETA Technologies by mid-October 2026 was approximately $31.50 to $32.33, indicating a substantial potential upside from its trading price around $20-$21. As of October 5, 2026, 89% of nine brokers covering BETA rated it a "Buy," reflecting a generally bullish outlook.

2. Robust fiscal Q2 2026 revenue beat and upward revision of full-year guidance.

BETA Technologies announced its fiscal Q2 2026 earnings on August 12, 2026, reporting revenue of $14.66 million. This significantly surpassed analysts' consensus estimates by $5.01 million and represented a 146% year-over-year increase. Despite reporting a wider-than-expected adjusted loss per share of $0.64, the company raised its full-year 2026 revenue guidance to a range of $42 million to $50 million, up from a prior estimate. This strong revenue performance and optimistic future outlook signaled operational strength and contributed to investor confidence.

Show more
Updated on 10/13/2026

BETA Technologies (BETA) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Continued strong analyst endorsement and high price targets.

Throughout fiscal Q3 2026 (which ended September 30, 2026) and into fiscal Q4 2026, multiple investment firms reiterated or initiated "Buy" or "Overweight" ratings for BETA Technologies. For instance, Needham & Company LLC restated a "buy" rating with a $34.00 price target in August, Cantor Fitzgerald reiterated an "overweight" rating with a $31.00 price target, and Barclays initiated coverage with an "overweight" rating and a $35.00 price target. The consensus average price target for BETA Technologies by mid-October 2026 was approximately $31.50 to $32.33, indicating a substantial potential upside from its trading price around $20-$21. As of October 5, 2026, 89% of nine brokers covering BETA rated it a "Buy," reflecting a generally bullish outlook.

2. Robust fiscal Q2 2026 revenue beat and upward revision of full-year guidance.

BETA Technologies announced its fiscal Q2 2026 earnings on August 12, 2026, reporting revenue of $14.66 million. This significantly surpassed analysts' consensus estimates by $5.01 million and represented a 146% year-over-year increase. Despite reporting a wider-than-expected adjusted loss per share of $0.64, the company raised its full-year 2026 revenue guidance to a range of $42 million to $50 million, up from a prior estimate. This strong revenue performance and optimistic future outlook signaled operational strength and contributed to investor confidence.

3. Significant advancements in product development and market traction.

The company demonstrated continued progress in its aircraft development and commercialization efforts. Notably, BETA unveiled the MV250, an autonomous hybrid-electric VTOL aircraft designed for military logistics, at the Farnborough International Airshow. This new variant aims to offer greater range, higher speed, and increased payload capabilities. Additionally, BETA reported a substantial aircraft backlog of $3.9 billion and highlighted progress towards FAA certification for its CX300 aircraft. The expansion of its charging network to over 130 sites, with a target of 150 by year-end, further demonstrated tangible market penetration and infrastructure development.

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Stock Movement Drivers

Fundamental Drivers

The 5.6% change in BETA stock from 6/30/2026 to 10/14/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610142026Change
Stock Price ($)16.7517.685.6%
Change Contribution By: 
Total Revenues ($ Mil)�450.0%
P/S Multiple�91.60.0%
Shares Outstanding (Mil)186232-20.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/14/2026
ReturnCorrelation
BETA5.6% 
Market (SPY)3.1%46.1%
Sector (XLI)-9.8%43.5%

Fundamental Drivers

The 20.3% change in BETA stock from 3/31/2026 to 10/14/2026 was primarily driven by a 25.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610142026Change
Stock Price ($)14.7017.6820.3%
Change Contribution By: 
Total Revenues ($ Mil)364525.9%
P/S Multiple94.691.6-3.1%
Shares Outstanding (Mil)229232-1.4%
Cumulative Contribution20.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/14/2026
ReturnCorrelation
BETA20.3% 
Market (SPY)18.6%46.5%
Sector (XLI)3.5%37.3%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/14/2026
ReturnCorrelation
BETA  
Market (SPY)16.5%49.1%
Sector (XLI)9.3%40.2%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/14/2026
ReturnCorrelation
BETA  
Market (SPY)86.2%49.1%
Sector (XLI)71.3%40.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BETA Return-----22%-35%-49%
Peers Return-4%-29%68%12%4%-34%-12%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
BETA Win Rate----50%50% 
Peers Win Rate52%40%50%40%47%28% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BETA Max Drawdown------54% 
Peers Max Drawdown-38%-45%-33%-38%-39%-47% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: JOBY, ACHR, EVEX, TXT, HON.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/14/2026 (YTD)

How Low Can It Go

BETA has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

EventXLIS&P 500
2025 US Tariff Shock
  % Loss-15.8%-18.8%
  % Gain to Breakeven18.8%23.1%
  Time to Breakeven34 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.7%-9.5%
  % Gain to Breakeven13.2%10.5%
  Time to Breakeven45 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.1%-24.5%
  % Gain to Breakeven25.1%32.4%
  Time to Breakeven125 days427 days
2020 COVID-19 Crash
  % Loss-41.6%-33.7%
  % Gain to Breakeven71.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.1%23.8%
  Time to Breakeven120 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.1%-12.2%
  % Gain to Breakeven12.5%13.9%
  Time to Breakeven51 days62 days

Compare to JOBY, ACHR, EVEX, TXT, HON

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

BETA has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

EventXLIS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-20.1%-24.5%
  % Gain to Breakeven25.1%32.4%
  Time to Breakeven125 days427 days
2020 COVID-19 Crash
  % Loss-41.6%-33.7%
  % Gain to Breakeven71.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.1%23.8%
  Time to Breakeven120 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.5%-17.9%
  % Gain to Breakeven29.0%21.8%
  Time to Breakeven114 days123 days
2008-2009 Global Financial Crisis
  % Loss-60.5%-53.4%
  % Gain to Breakeven153.2%114.4%
  Time to Breakeven700 days1085 days

Compare to JOBY, ACHR, EVEX, TXT, HON

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BETA Technologies (BETA)

BETA Technologies is an aerospace company at the forefront of electric aviation, developing and manufacturing advanced electric aircraft platforms, propulsion systems, and critical supporting infrastructure. The company designs and sells high-performance electric aircraft, such as its ALIA CTOL model, which has a proven flight record with the U.S. Military, FAA, UPS, and United Therapeutics. BETA's vertical integration strategy focuses on core "Enabling Technologies" like batteries, motors, and flight control systems. Its aircraft offer significant cost efficiencies, with estimated operating costs 42% lower than traditional aircraft and 74% lower than helicopters, mainly due to reduced fuel and maintenance requirements. The company operates a scalable production facility in Vermont, designed to produce over 300 aircraft annually.

BETA's business model encompasses four primary revenue streams. It sells electric aircraft to military and commercial customers, initially prioritizing cargo and logistics, military, and medical operations before expanding into passenger services. A substantial portion of its lifetime revenue is expected from the recurring, high-margin sales of replacement batteries, leveraging the company's proprietary battery pack technology. BETA also acts as a merchant supplier, providing its advanced propulsion systems to other eVTOL manufacturers. Lastly, the company sells ground support equipment (GSE), predominantly charging infrastructure compatible with the CCS-1 protocol, to a diverse customer base including state governments, operators, and other electric aviation companies, while also building out a nationwide charging network.

Beyond hardware, BETA is developing "BETA Operate," a digital platform with modules for maintenance, control, network management, and data analysis. This platform provides customers with real-time data, AI-powered predictive maintenance, and operational optimization for their electric aircraft fleets, further enhancing customer value and offering additional revenue opportunities. This comprehensive approach, integrating advanced aircraft, core component sales, digital solutions, and robust charging infrastructure, positions BETA to capture significant market share in the evolving electric aviation industry.

AI Analysis | Feedback

Here are 1-3 brief analogies for BETA Technologies:

  • Tesla for electric aircraft

AI Analysis | Feedback

  • Electric Aircraft: High-performance electric aircraft, including the ALIA CTOL variant, designed for various missions such as cargo, logistics, defense, passenger, and medical operations.
  • Electric Propulsion Systems: Advanced electric propulsion systems sold as core components to other eVTOL manufacturers and entities in the aerospace and marine industries.
  • Charging Systems and Infrastructure: Ground support equipment (GSE), including charge cubes and thermal management systems, along with a nationwide charging network, designed for electric aircraft and ground vehicles.
  • Replacement Batteries: Proprietary battery packs provided as replacements for BETA aircraft operators in the aftermarket.
  • BETA Operate Digital Platform: A fully-integrated digital platform offering real-time flight monitoring, charging infrastructure management, predictive maintenance, and operational optimization for electric aircraft fleets.

AI Analysis | Feedback

BETA Technologies primarily sells to other companies and governmental entities. Its major customers include:
  • UPS (NYSE: UPS)
  • United Therapeutics Corporation (NASDAQ: UTHR)
  • Air New Zealand (NZX: AIR)
  • U.S. Military
  • Textron eAviation (part of Textron Inc., NYSE: TXT)
  • Bristow (NYSE: VTOL)

AI Analysis | Feedback

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AI Analysis | Feedback

Kyle Clark, Chief Executive Officer & Board Member

Kyle Clark is the President and Chief Executive Officer of BETA Technologies, leading all technical and strategic components of the business including design, test and certification strategy, and commercialization of the ALIA aircraft platform. He has served as CEO since the company's inception in June 2018. Mr. Clark is one of the test pilots for all of BETA's experimental aircraft and has founded companies in electrification, energy storage, and collaboration software. He co-founded iTherm Technologies and was previously the Director of Engineering at Dynapower Company (now Sensata Technologies Holding PLC), where he established and managed an engineering team that designed, manufactured, certified, and deployed power systems. Prior to his entrepreneurial career, he played professional hockey for the Washington Capitals organization. Mr. Clark holds patents in the areas of production of electrical aircraft and associated batteries or related technologies and received an A.B. in Materials Sciences and Engineering from Harvard University.

Herman V. Cueto, Chief Financial Officer

Herman V. Cueto has served as BETA Technologies' Chief Financial Officer since April 1, 2025. He brings over 30 years of global finance leadership experience across the medical technology and life sciences sectors. Prior to joining BETA, Mr. Cueto held senior executive roles including Interim CFO at Dentsply Sirona (Nasdaq: XRAY) from December 2024 to March 2025, and EVP & CFO at Azenta Life Sciences (Nasdaq: AZTA) from October 2023 to December 2024. He also held various roles during his tenure at Becton Dickinson (NYSE: BDX) from June 2004 to October 2023, including Deputy CFO starting in October 2022.

Sean Donovan, Chief Operating Officer

Sean Donovan serves as the Chief Operating Officer of BETA Technologies, a position he has held since October 2024. Mr. Donovan has been with BETA since March 2019, serving in various roles including Team Member and Battery Lead. With over 15 years of experience, his engineering career has focused on advancing innovative, high-impact technologies in aerospace, electric vehicles, and sustainable energy systems. Before joining BETA, Mr. Donovan held key engineering and leadership roles at several prominent technology companies.

David Churchill, Chief Technical Officer & Board Member

Dr. David Churchill is the Chief Technology Officer of BETA Technologies, leading the engineering team, a role he has held since June 2018. Prior to BETA, he was the VP of Engineering for the Sensing Systems business unit of LORD-Microstrain Corp since 2012, where he led research and development efforts for new product lines, including energy harvesting systems and inertial sensors for aerospace applications. He began his career performing R&D for the V-22 Osprey program at Boeing Helicopter Co. (NYSE: BA) and holds a Ph.D.

AI Analysis | Feedback

Key Risks to BETA Technologies

  1. Regulatory Certification Delays or Failure: BETA Technologies' entire business model and market entry strategy are contingent upon obtaining necessary certifications for its electric aircraft from aviation authorities. The company explicitly states a target for "aircraft certification, currently targeted for late 2026." Any significant delays in the certification process, or an inability to meet the stringent regulatory requirements, would prevent the company from commercially operating or selling its aircraft, thereby critically undermining its projected revenue streams and market penetration.
  2. Limited or Slower-Than-Expected Market Adoption and Intense Competition: BETA Technologies is operating in a nascent "significant, untapped market opportunity in sustainable, reliable and efficient electric aviation." Despite initial traction with partners like UPS and United Therapeutics, the widespread adoption of electric aircraft in their target markets (cargo and logistics, military, medical, and eventually passenger operations) is not guaranteed and may occur at a slower pace than anticipated. The company also faces the risk of intense competition from other emerging electric aviation companies or established aerospace manufacturers who may develop competing technologies, achieve faster certification, or capture market share, potentially impacting BETA's pricing power and growth prospects.
  3. Challenges in Scaling Manufacturing and Advancing Core Technologies: The company's future growth relies on its ability to scale production at its "Vermont production facility," which is "designed to support production of more than 300 aircraft annually at maturity." Scaling the manufacturing of complex electric aircraft to such volumes is a substantial operational and capital-intensive challenge. Furthermore, BETA's strategy emphasizes "ownership of the battery pack technology" and other "Enabling Technologies essential to electric aviation." Any unforeseen difficulties in advancing these core proprietary technologies, or in reliably and cost-effectively producing them at scale, could negatively impact aircraft performance, maintenance costs, and the attractive margins projected for recurring revenue streams like replacement batteries.

AI Analysis | Feedback

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AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for BETA Technologies (BETA) Over the Next 2-3 Years:

  1. Increased Sales and Deliveries of Electric Aircraft: BETA Technologies' market-entry strategy prioritizes selling its ALIA CTOL electric aircraft to operators in cargo and logistics, military, and medical sectors, with plans to expand into passenger operations. The company's Vermont production facility is designed to support significant annual aircraft production, indicating an anticipated increase in deliveries to customers like UPS, United Therapeutics, and military partners, driving primary aircraft sales.
  2. Growth in Aftermarket Battery Sales: As the installed base of BETA aircraft expands, the demand for replacement batteries is expected to generate substantial recurring revenue. The company projects that a typical electric aircraft will require multiple sets of replacement batteries over its lifetime, contributing a majority of the lifetime revenue at attractive margins.
  3. Expansion of Propulsion System Sales to Other eVTOL Manufacturers: BETA plans to leverage its proprietary propulsion systems by supplying them as a merchant to other eVTOL manufacturers, exemplified by its relationship with Textron eAviation. This strategy provides an additional revenue stream independent of its own aircraft sales.
  4. Sales of Electric Charging Infrastructure and Ground Support Equipment (GSE): Recognizing the fundamental need for electric charging, BETA has developed and deployed a range of charging infrastructure, including charge cubes and mini cubes. The company intends to sell these charging products and related GSE to state governments, operators, Fixed Base Operators, and other electric aviation companies, creating a revenue stream as the broader electric aviation ecosystem grows.
  5. Commercialization and Adoption of the BETA Operate Digital Platform: BETA is rolling out its integrated digital platform, "BETA Operate," designed to optimize customer operational capabilities. The Maintenance module launched in July 2025, and an initial commercially viable version of the Control Center module is targeted for the first half of 2026, with Network and Data modules expected prior to aircraft certification in late 2026. This platform is poised to generate recurring, high-margin revenue through services like real-time flight monitoring, predictive maintenance, and battery health optimization.

AI Analysis | Feedback

Inbound Investments

  • BETA Technologies has received customer and government investments to establish a nationwide charging infrastructure for electric aircraft.

Capital Expenditures

  • BETA Technologies has invested in an approximately 188,000 square foot production facility in Vermont, designed to support the annual production of over 300 aircraft.
  • The company holds site control and permits for expanding its production facility to over 355,000 square feet to accommodate future growth.
  • Significant capital has been allocated to the development and deployment of a nationwide electric charging infrastructure, including large charge cubes, mini cubes, and thermal management systems.
  • Ongoing investment is dedicated to the development of the "BETA Operate" digital platform, with modules for Maintenance (launched July 2025), Control Center (initial commercially viable version targeted H1 2026), Network, and Data.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BETAJOBYACHREVEXTXTHONMedian
NameBETA Tec.Joby Avi.Archer A.Eve Textron Honeywel. 
Mkt Price17.734.564.071.4373.81208.0311.14
Mkt Cap4.14.43.20.512.866.04.3
Rev LTM451167015,29936,13081
Op Inc LTM-506-883-943-2221,0265,990-364
FCF LTM-422-743-681-2117594,010-316
FCF 3Y Avg--548-513-1606965,062-160
CFO LTM-323-610-540-1951,2365,118-259
CFO 3Y Avg--476-419-1531,1075,965-153

Growth & Margins

BETAJOBYACHREVEXTXTHONMedian
NameBETA Tec.Joby Avi.Archer A.Eve Textron Honeywel. 
Rev Chg LTM94.4%118,568.4%--8.8%5.4%51.6%
Rev Chg 3Y Avg----5.2%0.1%2.7%
Rev Chg Q145.7%257,493.3%--3.0%4.3%75.0%
QoQ Delta Rev Chg LTM24.0%49.7%263.2%-0.7%1.1%24.0%
Op Inc Chg LTM-65.3%-38.4%-66.5%-18.8%23.9%-6.5%-28.6%
Op Inc Chg 3Y Avg--29.0%-29.6%-29.1%5.9%-5.5%-29.0%
Op Mgn LTM-1,129.3%-759.2%-13,666.7%-6.7%16.6%-759.2%
Op Mgn 3Y Avg--233,956.4%--6.8%18.1%6.8%
QoQ Delta Op Mgn LTM53.6%257.8%30,538.6%--0.1%-0.3%53.6%
CFO/Rev LTM-721.4%-524.5%-7,831.9%-8.1%14.2%-524.5%
CFO/Rev 3Y Avg--164,003.8%--7.7%17.3%7.7%
FCF/Rev LTM-940.0%-639.2%-9,869.6%-5.0%11.1%-639.2%
FCF/Rev 3Y Avg--182,830.8%--4.8%14.7%4.8%

Valuation

BETAJOBYACHREVEXTXTHONMedian
NameBETA Tec.Joby Avi.Archer A.Eve Textron Honeywel. 
Mkt Cap4.14.43.20.512.866.04.3
P/S91.938.0461.1-0.81.838.0
P/Op Inc-8.1-5.0-3.4-2.312.511.0-2.8
P/EBIT-4.9-5.0-3.4-2.59.95.7-2.9
P/E-4.8-5.0-4.0-2.413.78.0-3.2
P/CFO-12.7-7.3-5.9-2.610.412.9-4.2
Total Yield-20.9%-19.6%-25.1%-42.5%7.5%17.1%-20.3%
Dividend Yield0.0%0.0%0.0%0.0%0.1%4.7%0.0%
FCF Yield 3Y Avg--8.6%-21.3%-19.1%4.5%7.1%-8.6%
D/E0.10.20.00.60.30.50.2
Net D/E-0.3-0.3-0.5-0.20.20.4-0.2

Returns

BETAJOBYACHREVEXTXTHONMedian
NameBETA Tec.Joby Avi.Archer A.Eve Textron Honeywel. 
1M Rtn-14.3%-27.6%-26.1%-32.5%-8.4%3.3%-20.2%
3M Rtn-4.3%-41.2%-14.9%-39.9%-16.8%-6.4%-15.8%
6M Rtn-3.0%-50.1%-32.8%-48.4%-18.4%-10.5%-25.6%
12M Rtn-50.8%-74.8%-68.7%-70.2%-11.8%6.8%-59.7%
3Y Rtn-50.8%-26.7%-20.4%-82.1%-5.5%26.7%-23.5%
1M Excs Rtn-17.1%-28.5%-28.5%-35.5%-11.5%-0.7%-22.8%
3M Excs Rtn-3.1%-41.5%-13.0%-39.5%-22.2%-11.4%-17.6%
6M Excs Rtn-14.2%-61.1%-44.0%-59.5%-29.6%-21.7%-36.8%
12M Excs Rtn-68.1%-89.9%-85.4%-87.6%-26.9%-7.5%-76.8%
3Y Excs Rtn-131.0%-108.8%-101.3%-162.4%-86.6%-55.6%-105.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Service Revenue231315
Product Revenue1220
Total361515


Price Behavior

Price Behavior
Market Price$17.68 
Market Cap ($ Bil)4.1 
First Trading Date11/04/2025 
Distance from 52W High-52.0% 
   50 Days200 Days
DMA Price$22.14$19.57
DMA Trendupdown
Distance from DMA-20.2%-9.7%
 3M1YR
Volatility74.8%76.2%
Downside Capture222.42 
Upside Capture244.35 
Correlation (S&P 500)43.3% 
BETA Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta3.843.773.462.74-0.510.26
Up Beta1.917.225.183.070.54-0.50
Down Beta1.170.082.761.520.06-0.87
Up Capture551%383%452%476%399%37%
Bmk +ve Days6162766132424
Stock +ve Days9203366110110
Down Capture267%228%206%231%178%102%
Bmk -ve Days16263760120328
Stock -ve Days13223160116116

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BETA
BETA-51.0%76.2%-0.67-
Sector ETF (XLI)11.3%17.2%0.4540.2%
Equity (SPY)17.1%12.7%0.9649.1%
Gold (GLD)-0.6%29.4%-0.0224.6%
Commodities (DBC)49.3%20.7%1.82-13.9%
Real Estate (VNQ)5.7%13.7%0.1513.5%
Bitcoin (BTCUSD)-27.9%43.7%-0.6325.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BETA
BETA-13.3%76.2%-0.67-
Sector ETF (XLI)12.4%17.6%0.5340.2%
Equity (SPY)13.6%17.1%0.6049.1%
Gold (GLD)17.9%18.9%0.7624.6%
Commodities (DBC)10.0%19.5%0.39-13.9%
Real Estate (VNQ)1.2%18.8%-0.0513.5%
Bitcoin (BTCUSD)8.5%51.8%0.3425.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BETA
BETA-6.9%76.2%-0.67-
Sector ETF (XLI)13.0%20.0%0.5740.2%
Equity (SPY)15.4%17.9%0.7349.1%
Gold (GLD)12.0%16.4%0.6024.6%
Commodities (DBC)8.2%18.1%0.37-13.9%
Real Estate (VNQ)4.8%20.7%0.1913.5%
Bitcoin (BTCUSD)63.5%66.2%1.0325.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity14.5 Mil
Short Interest: % Change Since 915202634.6%
Average Daily Volume5.1 Mil
Days-to-Cover Short Interest2.8 days
Basic Shares Quantity232.4 Mil
Short % of Basic Shares6.2%

Earnings Returns History

Updated 9/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.3%8.8%-19.1%
5/12/2026-2.6%-20.1%-15.4%
3/9/202611.9%-13.6%-19.3%
12/4/20251.2%6.6%0.1%
SUMMARY STATS   
# Positive221
# Negative223
Median Positive6.5%7.7%0.1%
Median Negative-2.9%-16.9%-19.1%
Max Positive11.9%8.8%0.1%
Max Negative-3.3%-20.1%-19.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.3%8.8%-19.1%
5/12/2026-2.6%-20.1%-15.4%
3/9/202611.9%-13.6%-19.3%
12/4/20251.2%6.6%0.1%
SUMMARY STATS   
# Positive221
# Negative223
Median Positive6.5%7.7%0.1%
Median Negative-2.9%-16.9%-19.1%
Max Positive11.9%8.8%0.1%
Max Negative-3.3%-20.1%-19.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/12/202610-Q
12/31/202503/09/202610-K
09/30/202512/04/202510-Q
06/30/202511/04/2025424B4
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/12/202610-Q
12/31/202503/09/202610-K
09/30/202512/04/202510-Q
06/30/202511/04/2025424B4

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported42.00 Mil46.00 Mil50.00 Mil12.2% RaisedGuidance: 41.00 Mil for 2026
2026 Adjusted EBITDAReported-445.00 Mil-422.50 Mil-400.00 Mil5.6% LoweredGuidance: -400.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported39.00 Mil41.00 Mil43.00 Mil  AffirmedGuidance: 41.00 Mil for 2026
2026 Adjusted EBITDAReported-445.00 Mil-400.00 Mil-355.00 Mil14.3% LoweredGuidance: -350.00 Mil for 2026

Q4 2025 Earnings Reported 3/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported39.00 Mil41.00 Mil43.00 Mil32.3% Higher NewActual: 31.00 Mil for 2025
2026 Adjusted EBITDAReported-395.00 Mil-350.00 Mil-305.00 Mil12.9% Lower NewActual: -310.00 Mil for 2025

Insider Activity

Updated 10/14/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202617.5810,000175,78989,405,160Form
2Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202618.5310,000185,30994,432,280Form
3Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202619.9110,000199,079101,648,463Form
4Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1009202620.6610,000206,625105,708,028Form
5Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1009202620.3710,000203,720104,425,568Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202617.5810,000175,78989,405,160Form
2Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202618.5310,000185,30994,432,280Form
3Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1014202619.9110,000199,079101,648,463Form
4Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1009202620.6610,000206,625105,708,028Form
5Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1009202620.3710,000203,720104,425,568Form
6Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1009202620.1910,000201,889103,688,898Form
7Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1006202620.9010,000208,979107,539,256Form
8Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1006202621.3010,000212,959109,800,297Form
9Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1006202621.7710,000217,738112,482,057Form
10Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1001202622.0010,000220,027113,884,567Form
11Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1001202622.6310,000226,304117,359,806Form
12Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell1001202622.6210,000226,205117,534,670Form
13Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell928202623.3210,000233,197121,400,866Form
14Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell928202624.1510,000241,498125,963,811Form
15Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell928202623.0410,000230,444120,428,560Form
16Stone, Michael RobertPtolemy Capital, LLCBuy903202619.1913,125251,81034,399,487Form
17Stone, Michael RobertPtolemy Capital, LLCBuy903202619.5812,820250,98934,846,098Form
18Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell821202625.2223,205585,293132,064,443Form
19Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell821202625.2630,000757,899132,863,257Form
20Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell821202626.7430,000802,272141,444,324Form
21Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell818202626.0630,000781,689138,597,134Form
22Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell818202625.0830,000752,343134,146,293Form
23Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell818202624.6617,800439,021132,671,672Form
24Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell814202625.4230,000762,525137,176,748Form
25Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell814202623.4715,000352,000127,352,396Form
26Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell811202624.4617,005415,937133,108,244Form
27Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell811202624.2415,891385,252132,343,411Form
28Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell811202623.2515,000348,808127,311,312Form
29Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell720202617.525,00087,59296,172,612Form
30Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell715202618.4215,000276,250101,196,765Form
31Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell715202618.1315,000271,89899,874,060Form
32Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell715202617.4815,000262,19096,570,283Form
33Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell706202617.9315,000268,93899,324,846Form
34Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell706202617.4115,000261,12896,701,380Form
35Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell701202616.6015,000248,93792,435,901Form
36Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell701202616.3815,000245,75491,499,735Form
37Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell626202616.5115,000247,57692,425,870Form
38Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell626202615.7915,000236,82088,647,047Form
39Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell626202615.8315,000237,40589,103,430Form
40Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202616.0115,000240,12890,365,373Form
41Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202616.0115,000240,12890,365,373Form
42Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202615.7415,000236,06889,073,949Form
43Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202615.7415,000236,06889,073,949Form
44Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202615.7815,000236,73989,563,682Form
45Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell623202615.7815,000236,73989,563,682Form
46Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell618202616.0515,000240,80191,341,229Form
47Clark, KyleSEE REMARKSThe Godric's Hollow TrustSell618202615.8915,000238,34090,645,867Form
48Stone, Michael RobertPtolemy Capital, LLCBuy521202614.5917,135250,00025,781,245Form
49Hunter, Mark WilliamCHIEF ACCOUNTING OFFICERDirectSell511202618.123706,705260,136Form
50Dunkiel, BrianSEE REMARKSDirectSell511202618.129,684175,4902,396,419Form
51Churchill, David LawrenceCHIEF TECHNOLOGY OFFICERDirectSell511202618.1218,981343,96610,014,848Form
52Churchill, David LawrenceCHIEF TECHNOLOGY OFFICERDomestic PartnerSell511202618.123868965,274Form
53Clark, KyleSEE REMARKSDirectSell511202618.1267,2961,219,51113,571,538Form
54Clark, KyleSEE REMARKSSpouseSell511202618.124,96589,974901,477Form
55Cueto, HermanCHIEF FINANCIAL OFFICERDirectSell511202618.1218,586336,8081,639,371Form
56Donovan, SeanCHIEF OPERATING OFFICERDirectSell511202618.1219,008344,4553,192,935Form
57Davis, Charles A Ellipse Holdings LLCBuy1107202532.982,941,17797,000,017581,979,756Form
58Churchill, David LawrenceCHIEF TECHNOLOGY OFFICERDomestic PartnerBuy1107202534.001,50051,00051,000Form
59Dunkiel, BrianSEE REMARKSDirectBuy1107202534.001,50051,0001,741,344Form
60McConville, James DirectBuy1107202534.001,00034,00034,000Form
61Hunter, Mark WilliamCHIEF ACCOUNTING OFFICERDirectBuy1107202534.0058819,992339,796Form
62Cueto, HermanCHIEF FINANCIAL OFFICERDirectBuy1107202534.004,167141,678675,172Form
63Kamen, Dean DirectBuy1107202534.0050,0001,700,0001,700,000Form

Investor Activity (13F)

Updated Oct 15, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Amazon Com Inc$172.8 Mil6.6%5Hold13F
Masters Capital Management LLC$10.3 Mil1.5%44New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Masters Capital Management LLC$10.3 Mil1.5%44New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Amazon Com Inc$172.8 Mil6.6%5Hold13F
Masters Capital Management LLC$10.3 Mil1.5%44New13F
Core Cache Last Updated: 10/14/2026