Beta Technologies Inc (BETA)

BETA Technologies and Multistate Collaborative Complete First Operational Flights of the U.S. DOT and FAA's eVTOL Integration Pilot ProgramJuly 10, 2026 12:35 PM
Business Wire The flights carried manufactured organs, being developed by United Therapeutics The flights are also the first in a series of use cases that will touch at least 26 states nationwide BETA Technologies, Inc. (BETA) (NYSE: BETA), an aerospace and defense company, and the Multistate Collaborative eIPP National Integration Complex today announced the completion of the first electric conventional takeoff and landing (“CTOL”) aircraft flights conducted under the U.S. Department of Transportation (“U.S. DOT”) and the Federal Aviation Administration (“FAA”)’s eVTOL Integration Pilot Program (“eIPP”), the federal government's new initiative to evaluate how Advanced Air Mobility (“AAM”) aircraft can safely operate in everyday commercial use within the National Airspace System (“NAS”). The mission—conducted in partnership with the Pennsylvania Department of Transportation, the Virginia Department of Aviation, and the Maryland Aviation Administration—demonstrates BETA's ability to transform mission-critical logistics. The inaugural campaign demonstrated routine operations across a multistate corridor connecting Virginia and Maryland. The flights covered approximately 275 nautical miles, flying between Virginia Tech/Montgomery Executive Airport (KBCB) in Blacksburg, Virginia; Charlottesville-Albemarle Airport (KCHO) in Charlottesville, Virginia; Frederick Municipal Airport (KFDK) in Frederick, Maryland; and Martin State Airport (KMTN) in Baltimore County, Maryland. This milestone comes just months after BETA was selected to participate in seven of the FAA’s eight eIPP launch programs, more than any other electric aircraft developer. BETA and United Therapeutics Corporation (Nasdaq: UTHR), a biotech company at the forefront of increasing the supply of transplantable organs through their revolutionary organ manufacturing pipeline, have a long-standing partnership to develop and operate electric CTOL and vertical takeoff and landing (“VTOL”) aircraft to deliver the manufactured organ products when they become commercially available. The partnership aims to reduce the cost, increase the reliability, and lower the carbon footprint of large-scale organ delivery operations. United Therapeutic’s subsidiary, Unither Bioelectronics, led by Mikael Cardinal, has advised and partnered with BETA on technologies including autonomy, aircraft aerostructures, and the strategic deployment of charging infrastructure. "United Therapeutics contracted BETA to build an electric aircraft capable of delivering lifesaving cargo, and today we delivered on that agreement,” said Kyle Clark, founder and chief executive officer of BETA Technologies. “Our long-term partnership with United Therapeutics has shaped BETA and our mission to build the aircraft, infrastructure, and operational ecosystem. Since it began, we have safely flown our aircraft over 160,000 nautical miles and built charging infrastructure across 123 sites in the United States and Canada. Today’s successful missions, set the stage for routine medical applications through electric flight at a much lower cost nationwide.” The eIPP was established by the U.S. DOT and the FAA to accelerate the safe integration of Advanced Air Mobility (AAM) through operational demonstrations that bring together aircraft manufacturers, operators, state and local governments, airports, and federal agencies. The program is intended to inform future certification policy, operational frameworks, and the broader commercialization of Advanced Air Mobility across the United States. “Our public-private partnerships are essential to safely unlocking the full potential of these revolutionary aircraft,” said Chris Rocheleau, deputy FAA administrator. “Each eIPP project will showcase the broad public benefits of this technology—from moving people and cargo to supporting lifesaving emergency response—and the data we gather will help shape policies for safe, scalable operations nationwide.” "Our mission to manufacture an unlimited supply of transplantable hearts, kidneys, lungs, and livers requires thousands of organ delivery flights per day,” said Martine Rothblatt, CEO of United Therapeutics. “Our FDA-approved clinical trials for the heart, kidney, and bridge-liver, and this month’s FDA approval of our lung device, shows how quickly this mission is being achieved. Today's flight demonstrates how public-private collaboration can accelerate air transport innovation and thus help enable millions of lives to be saved over the coming decades.” Anthony J. McCloskey, Bureau of Aviation Director at Pennsylvania Department of Transportation, said: "Today marks a significant step in the evolution of aviation! The use of next generation aviation technologies for critical future medical product delivery has successfully been demonstrated. PennDOT is thrilled to be leading the Multistate Collaborative eIPP National Integration Complex, which currently includes 17 other states, 4 OEMs, 3 Operators, and numerous other key stakeholders. Today's event truly exemplifies the strong partnership we've built and I am excited for the future of this technology!" "The Virginia Department of Aviation (DOAV) is honored to be a part of this monumental milestone showcasing the successful integration of AAM technologies into the Commonwealth of Virginia’s existing aviation infrastructure and the national air transportation system,” said Greg Campbell, Director of DOAV. “Through continued collaboration with our partners, such as BETA Technologies and the FAA, along with our other state and federal counterparts, we remain committed to developing the AAM infrastructure needed to support these aircraft and deliver benefits nationwide. Shannetta R. Griffin, P.E. Executive Director/CEO Maryland Aviation Administration, said, "Maryland is incredibly proud to stand alongside our federal and regional partners in Virginia and Pennsylvania to celebrate this historic milestone. What BETA Technologies and United Therapeutics have achieved today is proof that zero-emission regional air mobility is no longer a concept for tomorrow—it can operate in our airspace today. By collaborating across state lines, we are proud to support a future where clean aviation can solve real-world, time-critical challenges like lifesaving organ transport." The Pennsylvania-Virginia-Maryland campaign marks the beginning of a broader national effort that will expand across additional states and mission profiles in the months ahead. The operational campaigns will help generate operational data and establish the framework for routine Advanced Air Mobility aircraft operations supporting healthcare, cargo, defense and other critical missions throughout the United States. For photos, please click here. About BETA Technologies, Inc.
BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 160,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunity over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. Visit www.beta.team for more information about BETA and its products. View source version on businesswire.com: https://www.businesswire.com/news/home/20260710568084/en/ Media Contacts: BETA Technologies
Press: Nat Bol, press@beta.team
Investors: Devon Rothman, investors@beta.team Federal Aviation Administration
Press: Hillary Heintz, pressoffice@faa.gov United Therapeutics
Press: communications@unither.com
Investors: https://ir.unither.com/contact-ir Pennsylvania Department of Transportation
Press: Anthony McCloskey, amccloskey@pa.gov Virginia Department of Aviation
Press: Greg Campbell, greg.campbell@doav.virginia.gov Maryland Aviation Administration
Press: Sean Hammer, SHammer@bwiairport.com Original: BETA Technologies and Multistate Collaborative Complete First Operational Flights of the U.S. DOT and FAA's eVTOL Integration Pilot Program

Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7July 9, 2026 8:00 AM
ACCESS NewswireBETA's advanced flight controls system will provide maximum precision, stability, safety and efficiency for Horizon Aircraft's Cavorite X7 hybrid-electric VTOL aircraftTORONTO, ON AND SOUTH BURLINGTON, VT / ACCESS Newswire / July 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) today announced that it has selected BETA Technologies, Inc. (BETA) (NYSE:BETA), an aerospace and defense company to supply its advanced flight control computers on the Company's full-scale hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7. Through this partnership, Horizon Aircraft will integrate BETA's fly-by-wire (FBW) flight control hardware and customized software into the Cavorite X7 as the Company advances aircraft development, testing, and certification activities. BETA's FBW platform was designed specifically for modern VTOL aircraft and incorporates safety-critical software, system redundancy, and a flexible architecture intended to support reliable aircraft operations. BETA has designed its flight control computer (FCC) to support certification pathways for FAA Part 21.17(b) powered-lift, Part 23, and Part 25 applications, as well as future international regulatory frameworks including Transport Canada and EASA requirements. BETA Technologies Flight Control Computer"At BETA, our ambition has always been to build the key technologies that move the aviation industry forward," said Kyle Clark, Founder and Chief Executive Officer of BETA Technologies. "Horizon Aircraft has a strong team capable of designing and flying the X7, and they chose our flight control computers because we built them to meet the most rigorous standards in the industry. They're compact, purpose-built for powered-lift, and designed with the certification discipline that DAL-A software and hardware development demands."Advanced flight control systems are among the most safety-critical components of modern VTOL aircraft and are central to aircraft handling, performance, and certification."Flight controls are at the heart of our aircraft, so the process of selecting a flight controls partner was done methodically," said Tom Brassington, Chief Technology Officer, Horizon Aircraft. "We were attracted to BETA because of their sophisticated VTOL-specific FBW platform, a shared engineering philosophy, and the ability to support the rigorous long-term program requirements of aircraft certification." Cavorite X7 RenderingBETA's FCCs were developed in-house to provide the capability, speed and reliability demands of modern powered-lift aircraft. Leveraging the latest electronics, the compact system delivers high-performance flight control in a lightweight form factor capable of meeting the stringent environmental and lightning protection requirements for eVTOL operations in both FAA and international airspace. Because Horizon Aircraft will use the same FCC hardware as BETA's own fleet, both companies benefit from shared economies of scale that reduce component costs and strengthen manufacturing efficiency.As a merchant supplier of safety-critical components such as motors, batteries and flight controllers, BETA has the in-house capability to develop hardware and software up to Development Assurance Level A (DAL-A), the highest level of rigor recognized by the FAA and international regulators for systems whose reliability is paramount. The FBW architecture is also designed with the capability for customers to seamlessly integrate mission controls for autonomous aircraft operations in the future. Alongside its electric motors and battery systems, BETA's flight control computers represent a growing portfolio of components available to aircraft manufacturers across the advanced air mobility and aerospace sectors.For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.About BETA TechnologiesBETA (NYSE:BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the "ALIA CTOL") and electric vertical takeoff and landing aircraft (the "ALIA VTOL"), more than 150,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA's intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunities over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME's list of the World's Top GreenTech Companies of 2025.Visit www.beta.team for more information about BETA and its products.About Horizon AircraftHorizon Aircraft (NASDAQ:HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incFor further information, contact:Horizon AircraftInvestorsKathryn Burns
ir@horizonaircraft.comMediaEdwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comBETA TechnologiesMedia
Nat Bol
press@beta.teamInvestor Relations
Devon Rothman
investors@beta.teamForward-Looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7

Electric Aviation Demonstrations Launch in Hawai?i: BETA Technologies and Surf Air Mobility Partner on Landmark Demonstration Program; Hawaiian Airlines Supporting Evaluation ActivitiesJune 26, 2026 8:00 AM
Business Wire BETA Technologies are conducting market survey demonstration flights using the ALIA CTOL for approximately six to eight weeks, generating data and advancing community education on electric aviation in Hawai?i. Surf Air Mobility became the first Part 135 operator to commercialize electric passenger flights for scheduled service and On Demand charter. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”) and BETA Technologies (NYSE: BETA) ("BETA") announced the launch of an electric aircraft demonstration program in Hawai?i, with Hawaiian Airlines (NYSE: ALK), part of Alaska Air Group, providing support in key areas, such as sharing insights on Hawai?i cargo and passenger routes, participating in feasibility assessments, and supporting local stakeholder and community engagement activities. On Thursday, Hawaiian Airlines hosted the launch event for the trial at its Charles I. Elliott Maintenance and Cargo Facility at Daniel K. Inouye International Airport. This was an important next step toward the deployment of these next-generation aircraft for real-world regional air service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260626814207/en/BETA's ALIA CTOL aircraft flying in Hawai?i. BETA's ALIA CTOL electric aircraft has begun conducting demonstration flights across Hawai?i as part of an approximately six to eight-week flight campaign to evaluate the operational, economic and infrastructure requirements for future electric aircraft operations in the state. The program brings together BETA's electric aircraft technology, Surf Air Mobility's regional airline expertise as Mokulele Airlines, existing Hawai’i airport ground infrastructure, and SurfOSTM software. Hawaiian Airlines, Hawai’i's largest and longest-serving carrier, serves as a link between the islands, the continental United States, and international destinations across the Pacific. This landmark demonstration program will provide key learnings as to how electric aircraft could support future cargo and passenger operations across Hawai?i's interisland network. The demonstration program represents a commitment to understanding how new technologies can sustain strong transportation infrastructure with lower emissions and expanded energy alternatives with more stable prices than aviation fuel. BETA will conduct demonstration flights in Hawai?i and will share operational insights and learnings throughout the program. Hawai?i's short interisland route structure and established demand for regional air transportation make it an ideal environment to evaluate electric aircraft operations at commercial scale. Specifically, the program will generate data and operational learnings that help answer some of the most important questions surrounding the future deployment of electric aircraft, including: Aircraft performance across Hawai?i's routes, weather conditions, and operating environment Direct operating costs and economic factors that will help determine the commercial performance of future electric aircraft operations Maintenance requirements and servicing needs associated with operating electric aircraft in commercial service Battery performance, energy consumption, and operating costs across representative interisland missions Crew training and familiarization requirements, ground handling procedures, safety protocols, and charging infrastructure needs across the network The data generated through the program will support broader efforts to advance sustainable aviation solutions across the state. Kyle Clark, Chief Executive Officer and Founder of BETA Technologies, said: "Connecting the Hawaiian islands with low cost cargo and passenger service is a great application for electric advanced air mobility. These early demonstrations will showcase the utility and economics of the BETA ALIA aircraft firsthand to Surf Air and inform future high cadence, sustainable intraisland service.” Diana Birkett Rakow, Chief Executive Officer of Hawaiian Airlines, said: “Hawaiian Airlines has a deep and sustained responsibility not only to provide critical air service to, from and within the islands and to carry the spirit of Hawai‘i with us on the journey, we are also driven – with Alaska Airlines – to cultivate innovation and support the technologies that will enable a strong and resilient future for aviation. This program provides an opportunity to better understand how BETA’s electrified aircraft can support safe and reliable cargo and passenger air service for short-haul service while improving the environmental impact of that flying.” Deanna White, Chief Executive Officer of Surf Air Mobility, said: "The aviation industry has talked about electric flight for years. The question is no longer whether electric aircraft can fly, but rather how they can now be successfully integrated into commercial service. The data generated through this program will help define the operational, economic, and infrastructure requirements needed to advance the next generation of regional air transportation." Surf Air Mobility intends to deploy BETA aircraft throughout its Hawai?i operations for both cargo and passenger missions following FAA certification. Through its Mokulele Airlines subsidiary, the company operates Hawai?i's largest commuter airline network by airports served and departures, providing an established operational foundation for future electric aircraft deployment. As previously announced, Surf Air Mobility is preparing to establish a Maintenance, Repair, and Overhaul (MRO) facility in Hawai?i that, once certified, is expected to serve as the factory-authorized service center for BETA aircraft in the state. The facility is expected to support long-term electric aircraft operations and help build the technical infrastructure necessary to scale commercial electric aviation. About BETA Technologies BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 150,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunities over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME’s list of the World’s Top GreenTech Companies of 2025. Visit www.beta.team for more information about BETA and its products. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. Surf Air Mobility currently operates Mokulele Airlines, one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation. About Hawaiian Airlines Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what’s happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as “ALK.” Forward-Looking Statements This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of Surf Air Mobility’s management as well as assumptions made by and information currently available to Surf Air Mobility and reflect Surf Air Mobility’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that Surf Air Mobility files with the SEC, and investors are urged to review those periodic reports and Surf Air Mobility’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. Surf Air Mobility assumes no obligation to update its forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260626814207/en/ BETA Technologies Media Contacts
Media: Nat Bol, press@beta.team
Investor Relations: Devon Rothman, investors@beta.team
High-resolution images and b-roll of the BETA ALIA CTOL aircraft are available. Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com Hawaiian Airlines Media Contact
Press: newsroom@alaskaair.com Original: Electric Aviation Demonstrations Launch in Hawai?i: BETA Technologies and Surf Air Mobility Partner on Landmark Demonstration Program; Hawaiian Airlines Supporting Evaluation Activities

BETA Technologies to Participate in Upcoming Investor ConferencesJune 3, 2026 6:30 AM
Business Wire BETA Technologies, Inc. (NYSE: BETA) (“BETA” or the “Company”), an electric aerospace company, today announced its participation at the following upcoming investor conferences: On Monday, June 8, 2026, Kyle Clark, founder and chief executive officer, and Herman Cueto, chief financial officer, will participate in a fireside chat at the Jefferies Innovative Aerospace Virtual Summit at 8:40 a.m. ET. A live webcast of the presentation will be available on the Company’s Investor Relations website, linked here, and a replay will be available following the event. On Wednesday, June 10, 2026, Devon Rothman, head of investor relations and financial planning & analysis, will participate in two panels on Advanced Air Mobility at the Jones Aerospace Evolution 2026 Annual Summit in New York, NY. If you would like to request a meeting, please reach out to BETA’s Investor Relations team or your respective conference representative for more details. About BETA Technologies, Inc.
BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 140,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunity over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. Visit www.beta.team for more information about BETA and its products. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603576078/en/ Media:
press@beta.team Investors:
Devon Rothman, head of investor relations and FP&A
investors@beta.team Original: BETA Technologies to Participate in Upcoming Investor Conferences

President Trump’s Transportation Secretary Sean P. Duffy Becomes First Transportation Secretary to Fly in Next Generation Vertical Take-off and Landing AircraftJune 1, 2026 5:41 PM
Business Wire Trump Administration’s pilot program is unleashing American innovation to redefine how people and products move U.S. Transportation Secretary Sean P. Duffy on Friday became the first Transportation Secretary in American history to fly in an electric vertical take-off and landing aircraft (eVTOL). Secretary Duffy’s historic flight — which marks an important milestone in development of these next generation aircraft — took place at BETA Technologies, Inc. (NYSE: BETA) headquarters in Vermont. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601079151/en/This technology will generate new jobs, connect communities, and strengthen American leadership in aviation. eVTOLs are aircraft that have the potential to generate new jobs, connect communities, and strengthen American leadership in aviation. To ensure American innovation leads the way, Secretary Duffy and the Federal Aviation Administration (FAA) unveiled a new pilot program (eIPP) to begin testing advanced air mobility vehicles and their real-world applications out in the field. The eight selected projects span 26 states and partner with leading aircraft manufacturers, operators, and state partners. Urban air taxi services Regional passenger transportation (including short Takeoff and Landing aircraft) Cargo and logistics networks Emergency medical response operations Autonomous flight technologies Offshore and energy-sector transportation “This is the kind of innovation I love to see: technology that’s going to fundamentally improve how people and products move. BETA Technologies is one of many great American companies making sure the United States’ leads the way in this exciting technology. From emergency organ transplants to regional air travel, these next generation aircraft have so many revolutionary applications,” said U.S. Transportation Secretary Sean P. Duffy. “The future of flight is coming. The Trump Administration will continue to do our part to support the safe integration of these innovations into our airspace.” BETA Technologies is developing both an electric conventional take-off and landing aircraft (eCTOL) and an eVTOL aircraft, as well as a suite of enabling technologies that include the necessary charging infrastructure being rolled out nationwide. Additional Information: The eIPP, which was outlined in President Trump’s Unleashing Drone Dominance Executive Order, is accelerating the safe integration of next generation Advanced Air Mobility aircraft into the national airspace and ensuring the United States leads the way in aviation innovation. Together, these pilot projects will create one of the largest real-world testing environments for next generation aircraft in the world. In addition to offering the American people an exciting window into the future of aviation, data from the pilot projects will be used by the FAA to develop new regulations that safely enable this futuristic technology at scale. In December, Secretary Duffy and the FAA launched the nation’s first-ever advanced air mobility (AAM) strategy to unlock the future of flight. The Strategy and accompanying action plan outline 40 recommendations to safely and efficiently support AAM operations. About BETA Technologies, Inc. BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 135,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunity over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME’s list of the World’s Top GreenTech Companies of 2025. Visit www.beta.team for more information about BETA and its products. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601079151/en/ Media:
press@beta.team Investor Relations:
Devon Rothman, Head of Investor Relations and FP&A
investors@beta.team Original: President Trump’s Transportation Secretary Sean P. Duffy Becomes First Transportation Secretary to Fly in Next Generation Vertical Take-off and Landing Aircraft

BETA Technologies, Inc. Announces First Quarter 2026 ResultsMay 12, 2026 7:45 AM
Business Wire Leading the industry with seven eVTOL Integration Pilot Program selections, BETA expanded strategic partnerships and accelerated its path to commercial operations BETA Technologies, Inc. (NYSE: BETA) (“BETA” or the “Company”), an electric aerospace company, today announced its financial and operating results for the first quarter ended March 31, 2026. “Since the beginning of the year, BETA has made critical progress in support of our stepwise approach to electrify aviation, demonstrating our leadership position in the advanced air mobility sector as we prepare to enter eIPP operations,” said Kyle Clark, President and CEO. “We’ve created a complete system to bring electric aviation to market including training pilots, building aircraft and designing support systems. This strategy has led the best operators in the world to choose BETA as their partner and translates into tangible progress. In Q1, we led the industry with selections in seven of the eight eIPP launch programs; we added 16 sites to our nationwide charging network, and we secured additional contracts in our undersea propulsion work with General Dynamics. In parallel, for defense applications, we completed a preliminary design review on the hybrid turbogenerator with GE Aerospace that will initially support our MV250 VTOL. With more than 139,000 nautical miles flown to date all over the world, we are entering eIPP operations with hard-earned experience and momentum. We remain keenly focused on achieving type certifications and scaling production as we prepare to meet the tremendous demand, and ultimately change the way people fly.” Business Highlights Advanced Certification: Completed the first company-conforming CTOL aircraft and surpassed 85,000 hours of flight and ground testing on H500A engines, including the completion of high-risk test conditions in lightning, icing and durability. Reached Key Technical Milestones: Successfully completed the preliminary design review of BETA’s hybrid-electric turbogenerator system in partnership with GE Aerospace, advancing next-generation propulsion capabilities and enhanced VTOL blade efficiency, while reducing noise and demonstrating lower transition energy in routine testing. Led eVTOL Integration Pilot Program Selections: Selected for 7 of 8 programs by the Federal Aviation Administration and U.S. Department of Transportation, the most of any electric aircraft developer. This accelerates BETA’s path to U.S. commercial electric aviation deployment. BETA was selected in programs that extend across 26 states, a testament to its technical progress and operational readiness. Grew Nationwide Charging Network: Expanded global charging network to 123 sites, signed agreement with the Florida Department of Transportation to provide 34 chargers and thermal management systems, supporting early market adoption and foundation for eIPP success. Drove Commercial Momentum: Added more than $375 million to our backlog, including a new partnership with Surf Air Mobility. Total commercial aircraft backlog grew to $3.9 billion across 991 aircraft. Financial Highlights Q1 Revenue of $10.1 million Q1 Net loss of ($122.3) million Q1 Adjusted EBITDA of ($97.2) million   First Quarter 2026 Key Financial Metrics (in thousands)   Three Months Ended
March 31,     2026   2025 Revenues $ 10,133 $ 9,599 Cost of revenues   4,301   1,738 Gross margin   5,832   7,861 Research and development   91,739   57,864 General and administrative   47,050   28,014 Total operating expenses   138,789   85,878 Loss from operations   (132,957)   (78,017) Net loss   (122,309)   (78,278) Adjusted EBITDA (1)   (97,246)   (64,718) Capital expenditures (2)   24,176   6,681 Cash and cash equivalents   1,589,398   236,572   (1) In addition to results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release contains financial measures that are not calculated and presented in accordance with GAAP. See “Non-GAAP Financial Measures” for definitions of these non-GAAP financial measures. A reconciliation of the non-GAAP measures to their related GAAP measures can be found in the supplemental tables later in this press release. (2) Represents purchases of property and equipment. Revenues for the quarter ended March 31, 2026 were $10.1 million, compared to $9.6 million for the quarter ended March 31, 2025. Product revenues and Service revenues for the quarter ended March 31, 2026 were $0.9 million and $9.2 million, respectively. Operating expenses for the quarter ended March 31, 2026 were $138.8 million, including research and development expenses of $91.7 million. Non-cash warrant expense related to the collaborative arrangement with GE Aerospace of $5.6 million was embedded in research and development expenses in the quarter ended March 31, 2026. Investments in research and development enable our certification programs and the further advancement of our enabling technologies. Net loss and Adjusted EBITDA for the quarter ended March 31, 2026 were ($122.3) million and ($97.2) million, respectively. Capital expenditures for the quarter ended March 31, 2026 were $24.2 million, compared to $6.7 million for the quarter ended March 31, 2025. Cash and cash equivalents totaled $1,589.4 million as of March 31, 2026, compared to $236.6 million as of March 31, 2025, as a result of successful private financings and the proceeds from our IPO. Financial Outlook BETA reaffirms full year 2026 revenues to be in the range of $39 million to $43 million and updates full year 2026 Adjusted EBITDA to be in the range of ($355) million to ($445) million. BETA has not reconciled our forward-looking Adjusted EBITDA guidance because certain items that impact this non-GAAP metric are uncertain or out of BETA’s control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of BETA’s Class A common stock, BETA’s future hiring needs, and other factors, all of which are difficult to predict, subject to frequent change, or not within BETA’s control. The actual amount of these expenses during 2026 could materially affect BETA’s future GAAP financial results. Accordingly, a reconciliation of this forward-looking non-GAAP metric is not available without unreasonable effort. Webcast and Conference Call Details BETA will host a live webcast and conference call at 8:30 am ET today to discuss the quarter’s financial and operating results. A link to the live webcast and supporting materials can be accessed on the Company’s Investor Relations website and a replay webcast will be available following the call. Participants may also join the conference call by registering on our Investors Relations website. Investors should note that BETA may use our website (investors.beta.team) and BETA’s company account on Instagram and LinkedIn as a means of disclosing information and for complying with BETA’s disclosure obligations under Regulation FD. The information BETA provides through these channels may be deemed material. Investors should monitor these channels in addition to reviewing BETA’s press releases, SEC filings, and public conference calls. About BETA Technologies, Inc. BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 135,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunity over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME’s list of the World’s Top GreenTech Companies of 2025. Visit www.beta.team for more information about BETA and its products. Forward Looking Statements This press release and the accompanying earnings call contain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our future financial and operating performance, including our outlook and guidance; our regulatory outlook, progress and timing; our business strategy, plan, objectives, and goals; capital needs and the growth of our growth of our operations, manufacturing capabilities, and supporting infrastructure for aircraft development and deployment; plans and anticipated benefits with respect to our collaborations with third parties, and projected demand for our aircraft, other products, and services. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, factors described throughout the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 9, 2026, as such descriptions may be updated or amended by the factors that will be included in the future reports we file with the SEC. Moreover, we operate in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release and the accompanying earnings call. Any forward-looking statement made by us in this press release and the accompanying earnings call is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise. Non-GAAP Financial Measures In addition to traditional financial metrics, we use EBITDA and Adjusted EBITDA to help us evaluate our business. We define EBITDA as net loss adjusted for interest income, interest expense, provision for income taxes, and depreciation and amortization. We define Adjusted EBITDA as EBITDA adjusted for stock-based compensation expense, warrant expense, loss on disposal of property and equipment, and IPO costs. We believe that these non-GAAP measures provide useful information to investors because they allow for greater transparency into what measures we use in operating our business and measuring our performance and enable comparison of financial trends and results between periods where items may vary independent of business performance. These non-GAAP measures are presented for supplemental informational purposes and should not be considered as substitutes for or superior to financial information presented in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude certain expenses that are required by GAAP to be recorded in our financial statements and they are subject to inherent limitations as they reflect the exercise of judgment by our management about which expenses are excluded or included in determining these non-GAAP financial measures. Further, non-GAAP financial measures are not standardized. It may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. In addition, investors are encouraged to review our consolidated financial statements included in our filings with the SEC in their entirety and not rely solely on any single financial measure. We caution readers that our definitions of these non-GAAP financial measures may not be calculated in the same manner as similar measures used by other companies. Reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures are included in the supplemental tables attached to this press release.   BETA Technologies, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts)   Three Months Ended
March 31,     2026     2025 Revenues:       Product $ 963   $ 2,488 Service   9,170     7,111     10,133     9,599 Cost of revenues:       Product   596     533 Service   3,705     1,205     4,301     1,738 Gross margin:       Product   367     1,955 Service   5,465     5,906     5,832     7,861 Operating expenses:       Research and development   91,739     57,864 General and administrative   47,050     28,014 Total operating expenses   138,789     85,878 Loss from operations   (132,957)     (78,017) Other (income) expense:       Interest income   (14,481)     (2,697) Interest expense   3,617     2,860 Total other (income) expense   (10,864)     163 Loss before income taxes   (122,093)     (78,180) Provision for income taxes   216     98 Net loss   (122,309)     (78,278) Convertible preferred stock paid-in-kind dividend   —     12,164 Net loss attributable to common stockholders $ (122,309)   $ (90,442) Net loss per share attributable to common stockholders, basic and diluted $ (0.53)   $ (1.98)   BETA Technologies, Inc. Condensed Consolidated Balance Sheets (in thousands)   March 31,
2026   December 31,
2025 Assets       Current assets:       Cash and cash equivalents $ 1,589,398   $ 1,710,227 Accounts receivable   6,430     5,747 Prepaid expenses and other current assets   24,993     23,494 Total current assets   1,620,821     1,739,468 Property and equipment, net   370,971     348,540 Operating lease right-of-use assets   17,836     16,417 Other non-current assets   3,474     1,840 Total assets $ 2,013,102   $ 2,106,265 Liabilities and stockholders’ equity       Current liabilities:       Accounts payable $ 22,411   $ 24,503 Accrued expenses   29,000     35,109 Payroll liabilities   8,817     3,334 Deferred revenue   3,911     3,704 Operating lease liabilities   1,626     1,551 Notes payable   7,129     5,711 Other current liabilities   2,968     2,483 Total current liabilities   75,862     76,395 Deferred revenue, non-current   13,230     12,550 Operating lease liabilities, non-current   18,184     16,838 Notes payable, non-current   177,596     179,799 Other liabilities   2,975     2,847 Total liabilities   287,847     288,429 Total stockholders’ equity(1)   1,725,255     1,817,836 Total liabilities and stockholders’ equity $ 2,013,102   $ 2,106,265   (1) Includes all components of stockholders’ equity, as presented in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026.   BETA Technologies, Inc. Non-GAAP EBITDA and Adjusted EBITDA Reconciliation (in thousands)   Three Months Ended
March 31,     2026     2025 Net loss $ (122,309)   $ (78,278) Increase (decrease) as adjusted for:       Interest income   (14,481)     (2,697) Interest expense   3,617     2,860 Provision for income taxes   216     98 Depreciation and amortization expense   6,151     5,121 EBITDA $ (126,806)   $ (72,896) Stock-based compensation expense   23,416     7,307 Warrant expense   5,634     — Loss on disposal of property and equipment   331     871 IPO costs(1)   179     — Adjusted EBITDA $ (97,246)   $ (64,718)   (1) Represents accounting and advisory expenses incurred in connection with becoming and operating as a public company.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260512037169/en/ Media:
press@beta.team Investor Relations:
Devon Rothman, Head of Investor Relations and FP&A
investors@beta.team Original: BETA Technologies, Inc. Announces First Quarter 2026 Results

BETA Technologies, Inc. Announces First Quarter 2026 ResultsMay 12, 2026 4:30 AM
Business Wire Leading the industry with seven eVTOL Integrated Pilot Program selections, BETA expanded strategic partnerships and accelerated its path to commercial operations BETA Technologies, Inc. (NYSE: BETA) (“BETA” or the “Company”), an electric aerospace company, today announced its financial and operating results for the first quarter ended March 31, 2026. “Since the beginning of the year, BETA has made critical progress in support of our stepwise approach to electrify aviation, demonstrating our leadership position in the advanced air mobility sector as we prepare to enter eIPP operations,” said Kyle Clark, President and CEO. “We’ve created a complete system to bring electric aviation to market including training pilots, building aircraft and designing support systems. This strategy has led the best operators in the world to choose BETA as their partner and translates into tangible progress. In Q1, we led the industry with selections in seven of the eight eIPP launch programs; we added 16 sites to our nationwide charging network, and we secured additional contracts in our undersea propulsion work with General Dynamics. In parallel, for defense applications, we completed a preliminary design review on the hybrid turbogenerator with GE Aerospace that will initially support our MV250 VTOL. With more than 139,000 nautical miles flown to date all over the world, we are entering eIPP operations with hard-earned experience and momentum. We remain keenly focused on achieving type certifications and scaling production as we prepare to meet the tremendous demand, and ultimately change the way people fly.” Business Highlights Advanced Certification: Completed the first company-conforming CTOL aircraft and surpassed 85,000 hours of flight and ground testing on H500A engines, including the completion of high-risk test conditions in lightning, icing and durability. Reached Key Technical Milestones: Successfully completed the preliminary design review of BETA’s hybrid-electric turbogenerator system in partnership with GE Aerospace, advancing next-generation propulsion capabilities and enhanced VTOL blade efficiency, while reducing noise and demonstrating lower transition energy in routine testing. Led eVTOL Integration Pilot Program Selections: Selected for 7 of 8 programs by the Federal Aviation Administration and U.S. Department of Transportation, the most of any electric aircraft developer. This accelerates BETA’s path to U.S. commercial electric aviation deployment. BETA was selected in programs that extend across 26 states, a testament to its technical progress and operational readiness. Grew Nationwide Charging Network: Expanded global charging network to 123 sites, signed agreement with the Florida Department of Transportation to provide 34 chargers and thermal management systems, supporting early market adoption and foundation for eIPP success. Drove Commercial Momentum: Added more than $375 million to our backlog, including a new partnership with Surf Air Mobility. Total commercial aircraft backlog grew to $3.9 billion across 991 aircraft. Financial Highlights Q1 Revenue of $10.1 million Q1 Net loss of ($122.3) million Q1 Adjusted EBITDA of ($97.2) million   First Quarter 2026 Key Financial Metrics (in thousands)   Three Months Ended
March 31,     2026   2025 Revenues $ 10,133 $ 9,599 Cost of revenues   4,301   1,738 Gross margin   5,832   7,861 Research and development   91,739   57,864 General and administrative   47,050   28,014 Total operating expenses   138,789   85,878 Loss from operations   (132,957)   (78,017) Net loss   (122,309)   (78,278) Adjusted EBITDA (1)   (97,246)   (64,718) Capital expenditures (2)   24,176   6,681 Cash and cash equivalents   1,589,398   236,572   (1) In addition to results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release contains financial measures that are not calculated and presented in accordance with GAAP. See “Non-GAAP Financial Measures” for definitions of these non-GAAP financial measures. A reconciliation of the non-GAAP measures to their related GAAP measures can be found in the supplemental tables later in this press release. (2) Represents purchases of property and equipment. Revenues for the quarter ended March 31, 2026 were $10.1 million, compared to $9.6 million for the quarter ended March 31, 2025. Product revenues and Service revenues for the quarter ended March 31, 2026 were $0.9 million and $9.2 million, respectively. Operating expenses for the quarter ended March 31, 2026 were $138.8 million, including research and development expenses of $91.7 million. Non-cash warrant expense related to the collaborative arrangement with GE Aerospace of $5.6 million was embedded in research and development expenses in the quarter ended March 31, 2026. Investments in research and development enable our certification programs and the further advancement of our enabling technologies. Net loss and Adjusted EBITDA for the quarter ended March 31, 2026 were ($122.3) million and ($97.2) million, respectively. Capital expenditures for the quarter ended March 31, 2026 were $24.2 million, compared to $6.7 million for the quarter ended March 31, 2025. Cash and cash equivalents totaled $1,589.4 million as of March 31, 2026, compared to $236.6 million as of March 31, 2025, as a result of successful private financings and the proceeds from our IPO. Financial Outlook BETA reaffirms full year 2026 revenues to be in the range of $39 million to $43 million and updates full year 2026 Adjusted EBITDA to be in the range of ($355) million to ($445) million. BETA has not reconciled our forward-looking Adjusted EBITDA guidance because certain items that impact this non-GAAP metric are uncertain or out of BETA’s control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of BETA’s Class A common stock, BETA’s future hiring needs, and other factors, all of which are difficult to predict, subject to frequent change, or not within BETA’s control. The actual amount of these expenses during 2026 could materially affect BETA’s future GAAP financial results. Accordingly, a reconciliation of this forward-looking non-GAAP metric is not available without unreasonable effort. Webcast and Conference Call Details BETA will host a live webcast and conference call at 8:30 am ET today to discuss the quarter’s financial and operating results. A link to the live webcast and supporting materials can be accessed on the Company’s Investor Relations website and a replay webcast will be available following the call. Participants may also join the conference call by registering on our Investors Relations website. Investors should note that BETA may use our website (investors.beta.team) and BETA’s company account on Instagram and LinkedIn as a means of disclosing information and for complying with BETA’s disclosure obligations under Regulation FD. The information BETA provides through these channels may be deemed material. Investors should monitor these channels in addition to reviewing BETA’s press releases, SEC filings, and public conference calls. About BETA Technologies, Inc. BETA (NYSE: BETA) is an aerospace and defense company designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems to top operators worldwide. BETA has built and flown its family of ALIA aircraft, consisting of both conventional fixed-wing electric aircraft (the “ALIA CTOL”) and electric vertical takeoff and landing aircraft (the “ALIA VTOL”), more than 135,000 nautical miles, including multiple trips across the United States. BETA is deploying a network of charging infrastructure to enable the growing industry with more than 100 sites across the United States and internationally. BETA’s intentional approach to developing the enabling technologies necessary to electrify aviation unlocks lucrative aftermarket revenue opportunity over the life of each aircraft. These highly scalable enabling technologies allow BETA to serve a customer base across cargo and logistics, defense, passenger and medical end markets and unlock cost-effective and safe missions. BETA was named the #1 company on TIME’s list of the World’s Top GreenTech Companies of 2025. Visit www.beta.team for more information about BETA and its products. Forward Looking Statements This press release and the accompanying earnings call contain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our future financial and operating performance, including our outlook and guidance; our regulatory outlook, progress and timing; our business strategy, plan, objectives, and goals; capital needs and the growth of our growth of our operations, manufacturing capabilities, and supporting infrastructure for aircraft development and deployment; plans and anticipated benefits with respect to our collaborations with third parties, and projected demand for our aircraft, other products, and services. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, factors described throughout the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 9, 2026, as such descriptions may be updated or amended by the factors that will be included in the future reports we file with the SEC. Moreover, we operate in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release and the accompanying earnings call. Any forward-looking statement made by us in this press release and the accompanying earnings call is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise. Non-GAAP Financial Measures In addition to traditional financial metrics, we use EBITDA and Adjusted EBITDA to help us evaluate our business. We define EBITDA as net loss adjusted for interest income, interest expense, provision for income taxes, and depreciation and amortization. We define Adjusted EBITDA as EBITDA adjusted for stock-based compensation expense, warrant expense, loss on disposal of property and equipment, and IPO costs. We believe that these non-GAAP measures provide useful information to investors because they allow for greater transparency into what measures we use in operating our business and measuring our performance and enable comparison of financial trends and results between periods where items may vary independent of business performance. These non-GAAP measures are presented for supplemental informational purposes and should not be considered as substitutes for or superior to financial information presented in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude certain expenses that are required by GAAP to be recorded in our financial statements and they are subject to inherent limitations as they reflect the exercise of judgment by our management about which expenses are excluded or included in determining these non-GAAP financial measures. Further, non-GAAP financial measures are not standardized. It may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. In addition, investors are encouraged to review our consolidated financial statements included in our filings with the SEC in their entirety and not rely solely on any single financial measure. We caution readers that our definitions of these non-GAAP financial measures may not be calculated in the same manner as similar measures used by other companies. Reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures are included in the supplemental tables attached to this press release.   BETA Technologies, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts)   Three Months Ended
March 31,     2026     2025 Revenues:       Product $ 963   $ 2,488 Service   9,170     7,111     10,133     9,599 Cost of revenues:       Product   596     533 Service   3,705     1,205     4,301     1,738 Gross margin:       Product   367     1,955 Service   5,465     5,906     5,832     7,861 Operating expenses:       Research and development   91,739     57,864 General and administrative   47,050     28,014 Total operating expenses   138,789     85,878 Loss from operations   (132,957)     (78,017) Other (income) expense:       Interest income   (14,481)     (2,697) Interest expense   3,617     2,860 Total other (income) expense   (10,864)     163 Loss before income taxes   (122,093)     (78,180) Provision for income taxes   216     98 Net loss   (122,309)     (78,278) Convertible preferred stock paid-in-kind dividend   —     12,164 Net loss attributable to common stockholders $ (122,309)   $ (90,442) Net loss per share attributable to common stockholders, basic and diluted $ (0.53)   $ (1.98)   BETA Technologies, Inc. Condensed Consolidated Balance Sheets (in thousands)   March 31,
2026   December 31,
2025 Assets       Current assets:       Cash and cash equivalents $ 1,589,398   $ 1,710,227 Accounts receivable   6,430     5,747 Prepaid expenses and other current assets   24,993     23,494 Total current assets   1,620,821     1,739,468 Property and equipment, net   370,971     348,540 Operating lease right-of-use assets   17,836     16,417 Other non-current assets   3,474     1,840 Total assets $ 2,013,102   $ 2,106,265 Liabilities and stockholders’ equity       Current liabilities:       Accounts payable $ 22,411   $ 24,503 Accrued expenses   29,000     35,109 Payroll liabilities   8,817     3,334 Deferred revenue   3,911     3,704 Operating lease liabilities   1,626     1,551 Notes payable   7,129     5,711 Other current liabilities   2,968     2,483 Total current liabilities   75,862     76,395 Deferred revenue, non-current   13,230     12,550 Operating lease liabilities, non-current   18,184     16,838 Notes payable, non-current   177,596     179,799 Other liabilities   2,975     2,847 Total liabilities   287,847     288,429 Total stockholders’ equity(1)   1,725,255     1,817,836 Total liabilities and stockholders’ equity $ 2,013,102   $ 2,106,265   (1) Includes all components of stockholders’ equity, as presented in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026.   BETA Technologies, Inc. Non-GAAP EBITDA and Adjusted EBITDA Reconciliation (in thousands)   Three Months Ended
March 31,     2026     2025 Net loss $ (122,309)   $ (78,278) Increase (decrease) as adjusted for:       Interest income   (14,481)     (2,697) Interest expense   3,617     2,860 Provision for income taxes   216     98 Depreciation and amortization expense   6,151     5,121 EBITDA $ (126,806)   $ (72,896) Stock-based compensation expense   23,416     7,307 Warrant expense   5,634     — Loss on disposal of property and equipment   331     871 IPO costs(1)   179     — Adjusted EBITDA $ (97,246)   $ (64,718)   (1) Represents accounting and advisory expenses incurred in connection with becoming and operating as a public company.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260512037169/en/ Media:
press@beta.team Investor Relations:
Devon Rothman, Head of Investor Relations and FP&A
investors@beta.team Original: BETA Technologies, Inc. Announces First Quarter 2026 Results

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