Beta Technologies Inc (NYSE: BETA) saw its shares plummet 5.18% during Thursday's intraday trading session following the release of its third-quarter 2025 financial results.
The electric aerospace company reported a net loss attributable to common stockholders of $451.8 million, or $9.83 per share, significantly wider than the $1.81 per share loss in the same period last year. This result missed analyst estimates by a wide margin, as the consensus had anticipated a loss of just $0.44 per share. While revenue grew to $8.9 million, beating expectations, investors focused on the ballooning losses, which included a $355.6 million hit from the issuance of convertible preferred stock. The company's adjusted EBITDA also remained deeply negative at -$67.6 million for the quarter.
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