Beta Technologies, Inc. Class A (BETA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Beta Technologies fourth quarter and full year 2025 Financial Results Conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. I will now hand the call over to Devin Rothman, Head of Investor Relations. Please go ahead. Thank you, Warren, and good morning, everyone. Thank you for joining us for Beta Technologies' fourth quarter and full year 2025 earnings call. Joining me today are Kyle Clark, our founder and chief executive officer, and Herman Kudo, our chief financial officer. Following their prepared remarks, we will open the call for Q&A, where Kristin Costello, our head of government and regulatory affairs, will also join us. Earlier today, we issued a press release announcing our fourth quarter and full year 2025 financial results, as well as our outlook for 2026. We also published our investor presentation, which is available on the investor relations section of our website. Before we begin, I'd like to remind everyone that today's discussion will include forward-looking statements. These statements are based on our current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Please refer to our filings with the SEC for a discussion of these risks. We will also reference certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found in our earnings materials. With that, I'll turn the call over to Kyle. Thanks, Devin, and good morning, everyone. The fourth quarter was a strong finish to a defining year for Beta. In 2025, we showed up in the air and with our customers an...