A company still losing money with growing sales. Institutions are adding.
Going well
Sales up 146% in the latest quarter vs a year ago
Sales up 136% last year
Little debt
Watch out for
Losing money, losses are large next to sales
Money moves
Insiders sold $3.6M in the last 30 days, all through pre-planned sales
Institutions added 6.1% to their holdings in the quarter ending June 2026 (136 bought, 47 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$19.82+0.1% that day
Company value
$4.6B
Share price times all shares
Price vs sales
102.5x
No profit over the last year, so this compares value with sales instead
Cash vs value
32%
A big cushion: cash is a large part of what the company is worth
Debt vs value
4%
Debt as a share of company value
From BETA's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 8 quarters, from SEC filings
Sales, Jun '26
$14.7M+146% vs a year earlier
Sep '24Tap a barJun '26
Last 12 months: $44.8M, up 94% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BETA. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$166M
Profit in 5 years$17M
Price these guesses point to$1.08-95% vs $19.82 todayAbout -44% a year, before dividends
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-66.2%
PassDebt under half of equityNot relying on borrowed money.0.10x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$313.2M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.72.2%
Revenue
$35.6M
+136.0% vs prior year
Total debt
$185.5M
0.10x equity
Current ratio
22.77x
short-term assets / bills due
Free cash flow
-$313.2M
-879.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 12
Revenue
$14.7M
+145.7% YoY
EPS
-$0.64
vs -$2.02
Op. margin
-1078.7%
+250.8 pts
Gross margin
54.7%
-25.4 pts
Free cash flow
-$116.0M
Share count
+406.1%
vs a year ago
Insider rating
Last 90 days
44Mixed
Pre-planned sales of $4.3M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
58/ 100
This week
5
Normal week
3.6
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.1%
Institutions added 6.1% to their holdings. 136 bought, 47 sold.
Shares held by institutions114.5M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
66 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $184.0M debt
Shares outstandingLatest reported
232M
Why moderate risk
Losing money, losses are large next to sales
Earnings reports
Last 4
Next reportAround Dec 3 (est.)Estimated from the same quarter last year
Results filedAug 12
Results filedMay 12
Results filedMar 9
Results filedDec 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days