BETABETA Technologies, Inc.
Aircraft
- Revenue
- $36M
- 136% YoY
- Operating margin
- -1046.3%
- 42% YoY
- EBITDA
- −$351M
- 37% YoY
- Market cap
- $753M
- Employees
- 1,008
- $35K revenue each
- Net debt / EBITDA
- —
- −$1.3B net debt
- AI in 10-K
- 3.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCYes98% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$35K · 6th pctBottom quartile of its SIC industry
- Quiet on AINo3.1 per 10K words · 70th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$753M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$81M netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $15M | $15M | $36M | 136% |
| Operating income | −$187M | −$272M | −$373M | 37% |
| Net income | −$176M | −$276M | −$746M | 171% |
| Operating cash flow | −$158M | −$223M | −$268M | 20% |
| Capex | $153M | $74M | $45M | 38% |
| Stock-based comp | $9M | $12M | $35M | 187% |
| Buybacks | $0 | $530K | $0 | 100% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Nov 10, 2025 | GENERAL ELECTRIC CO | SCHEDULE 13D | 9.2% | Passive |
Insider trading
- Open-market buys, 12 mo
- $100M · 10
- Open-market sells, 12 mo
- $19M · 65
- Net
- $81M
Pay vs performance
No pay-versus-performance disclosure yet.