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Stock research / United States / BBNX · Surgical & Medical Instruments & Apparatus · Nasdaq

Beta Bionics, Inc. (BBNX)

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Beta Bionics, Inc. (BBNX) reported revenue of $36 million for Q3 FY2026, the quarter ended 30 September 2026, up 30.3% on the same quarter a year earlier. Net income was -$24 million, and diluted earnings per share $-0.52. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2026.

Revenue$36 millionup 30.3%
Net income-$24 million
Diluted EPS$-0.52
QuarterQ3 FY2026ended 30 September 2026

Beta Bionics (BBNX) in brief

Beta Bionics (BBNX) reported revenue of $100 million for fiscal 2025, the year ended 31 December 2025, up 53.9% on the year before.
Read moreNet loss was $73 million and the diluted loss per share $1.81. Revenue was $65 million in fiscal 2024 and $12 million in fiscal 2023. Net income in the same years was a loss of $55 million and a loss of $44 million. Over the twelve months to 30 September 2026, Beta Bionics reported revenue of $127 million and net loss of $83 million. Beta Bionics had 54 million shares outstanding at the latest filed count. At 30 September 2026 it carried $0 million of debt and $82 million of cash. At the close of 29 October 2026 the market cap of Beta Bionics was $956 million.

Ratios

From the filings

ROE-20.7%
ROCE-23.1%
Operating margin-72.7%
Net margin-65.3%
FCF margin-51.8%
Interest covern/a
Debt to equity0.00
Cash conversionn/a
Share count, last 12 months23.6%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTM-$1.84

At the close of 29 October 2026

Price$17.58
Market cap$956 million
Stock P/En/a
Price to book2.38
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales7.51
52-week high$31.99
52-week low$8.86
Price, 1 year-34.4%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Beta Bionics, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
BBNXgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BBNX

Dividendsno dividend in its filings for fiscal 2023 onward
Filings19 in twelve months: 10 current reports (8-K), about 5 results of operations; 4 other events; 2 regulation FD disclosure; 1 shareholder vote
Planned insider sales36 Form 144 notices in twelve months, $4.6 million; latest 1 October 2026
Options tapeput/call 0.03 by open interest at the 29 October 2026 close; the straddle prices a 35.0% move to 20 November 2026
13F holders133 funds reported a position for the quarter to 30 June 2026; largest Eventide Asset Management, LLC
Insider trading53 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.9 million shares short, 7.38 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 11 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue12.915.016.720.417.623.227.332.127.632.035.5
Cost of revenue5.77.07.88.88.710.712.113.211.213.115.2
Gross profit7.28.18.911.79.012.515.118.916.418.920.3
Gross margin56%54%53%57%51%54%55%59%59%59%57%
R&D5.56.35.19.27.68.98.210.110.410.212.0
Operating income-9.5-11.8-11.0-13.0-18.6-19.9-17.0-16.1-24.3-25.6-26.6
Operating margin-73%-78%-66%-64%-106%-86%-63%-50%-88%-80%-75%
Net income-12.4-14.5-9.7-18.1-28.7-16.9-14.2-13.5-21.9-23.4-24.4
Net margin-96%-96%-58%-89%-162%-73%-52%-42%-79%-73%-69%
Diluted EPS-$2.07-$2.37-$1.46n/a-$0.93-$0.39-$0.33-$0.30-$0.49-$0.53-$0.52
Operating cash flow-12.1-12.2-9.6-14.3-20.0-13.6-8.7-8.6-23.8-14.6-12.3
Capital expenditure0.40.51.90.60.31.81.31.91.41.02.3
Free cash flow-12.6-12.7-11.5-14.8-20.3-15.4-10.0-10.5-25.2-15.7-14.6
Shares outstanding43m43m44m043m43m44m44m45m45m54m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 3 fiscal years and the trailing twelve months

FY2023FY2024FY2025TTM
Revenue12.065.1100127
Cost of revenue5.729.244.752.7
Gross profit6.335.955.574.6
Gross margin52.6%55.1%55.4%58.6%
Research and development17.926.234.842.7
Operating income-35.9-45.3-71.7-92.6
Operating margin-298.9%-69.5%-71.5%-72.7%
Income taxn/a0.00.0n/a
Net income-44.1-54.8-73.2-83.1
Net margin-367.6%-84.1%-73.0%-65.3%
Diluted EPS-$8.31-$8.60-$1.81-$1.84
Filing10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2023FY2024FY2025TTM
Operating cash flow-32.4-48.3-50.9-59.4
Capital expenditure0.43.45.36.6
Free cash flow-32.8-51.7-56.2-66.0
Free cash flow margin-273.8%-79.3%-56.1%-51.8%
Cash from investing-69.7-3.5-163-64.7
Cash from financing10155.6215167
Depreciation1.21.21.62.7
Share-based compensation5.76.416.423.4
Diluted shares, weighted5m6m41m47m
Shares outstanding at period endn/a044m54m
Filing10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-203-245288401
Redeemable equity262321n/an/a
Debt0.00.00.00.0
Operating lease liabilities3.05.75.44.6
Other liabilities48.467.935.837.7
Total liabilities and equity110150329444
Owned
Fixed assets2.54.88.611.8
Investments70.273.1233292
Cash and equivalents26.630.431.681.6
Receivables4.412.017.120.7
Inventory1.213.321.723.0
Other assets5.116.016.714.7
Total assets110150329444
Filing10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/a43.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/an/a-25.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Beta Bionics' revenue in fiscal 2025?

Beta Bionics (BBNX) reported revenue of $100 million for fiscal 2025, the year ended 31 December 2025, up 53.9% on the year before.

How much did Beta Bionics earn in fiscal 2025?

Net loss was $73 million for fiscal 2025, and the diluted loss per share $1.81.

What is Beta Bionics' market cap?

The market cap of Beta Bionics was $956 million at the close of 29 October 2026.

How much debt does Beta Bionics have?

At 30 September 2026 Beta Bionics carried $0 million of debt and $82 million of cash.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Stryker Corp. SYK$119.5 billion32.3015.5%21.4%8.5%0.621.1%
3M Co. MMM$91.6 billion26.4385.7%18.8%1.7%3.631.7%
Boston Scientific Corp. BSX$61.9 billion17.2814.7%19.8%13.5%0.51n/a
Becton Dickinson & Co. BDX$54.0 billion59.743.9%9.6%-2.6%0.692.1%
Resmed Inc. RMD$36.4 billion24.2223.1%33.4%9.9%0.101.0%
Dexcom Inc. DXCM$29.8 billion31.3539.1%24.0%13.0%0.47n/a
West Pharmaceutical Services Inc. WST$29.1 billion46.7121.5%23.0%12.6%0.070.2%
Medline Inc. MDLN$27.5 billionn/an/an/an/a1.09n/a
Glaukos Corp. GKOS$14.3 billionn/a-23.7%-25.5%46.9%0.00n/a
Solventum Corp. SOLV$14.2 billion10.2229.9%25.0%-0.9%1.06n/a
Penumbra Inc. PEN$12.7 billion81.089.9%12.1%17.0%0.00n/a
Baxter International Inc. BAX$12.1 billionn/a-11.1%-1.9%5.3%1.522.2%
All 74 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$155.5 billion54.2618.5%28.4%20.5%0.00n/a
Medtronic plc MDT$124.3 billion23.9210.4%18.1%9.8%0.562.9%
Stryker Corp. SYK$119.5 billion32.3015.5%21.4%8.5%0.621.1%
3M Co. MMM$91.6 billion26.4385.7%18.8%1.7%3.631.7%
Boston Scientific Corp. BSX$61.9 billion17.2814.7%19.8%13.5%0.51n/a
Edwards Lifesciences Corp. EW$54.5 billion54.289.5%22.3%14.6%0.06n/a
Becton Dickinson & Co. BDX$54.0 billion59.743.9%9.6%-2.6%0.692.1%
Resmed Inc. RMD$36.4 billion24.2223.1%33.4%9.9%0.101.0%
GE HealthCare Technologies Inc. GEHC$34.6 billion16.1318.5%13.3%6.9%0.860.2%
Dexcom Inc. DXCM$29.8 billion31.3539.1%24.0%13.0%0.47n/a
West Pharmaceutical Services Inc. WST$29.1 billion46.7121.5%23.0%12.6%0.070.2%
Medline Inc. MDLN$27.5 billionn/an/an/an/a1.09n/a
Koninklijke Philips N.V. PHG *$26.1 billion26.058.2%8.0%-1.0%0.741.4%
Steris plc STE$22.6 billion28.4011.2%18.9%8.4%0.261.1%
Zimmer Biomet Holdings, Inc. ZBH$18.6 billion23.726.4%14.2%8.6%0.591.0%
Glaukos Corp. GKOS$14.3 billionn/a-23.7%-25.5%46.9%0.00n/a
Solventum Corp. SOLV$14.2 billion10.2229.9%25.0%-0.9%1.06n/a
Smith & Nephew plc SNN *$13.3 billion21.2311.8%12.9%6.1%0.592.5%
Penumbra Inc. PEN$12.7 billion81.089.9%12.1%17.0%0.00n/a
Baxter International Inc. BAX$12.1 billionn/a-11.1%-1.9%5.3%1.522.2%
Cooper Companies, Inc. COO$11.5 billion20.606.8%12.8%4.7%0.31n/a
Globus Medical Inc. GMED$11.1 billion21.2111.2%20.3%19.7%0.00n/a
Align Technology Inc. ALGN$11.0 billion26.759.8%13.2%4.4%0.00n/a
Insulet Corp. PODD$10.6 billion28.5026.4%16.9%29.4%0.67n/a
Bausch & Lomb Corp. BLCO$7.3 billionn/a-1.7%7.1%8.9%0.79n/a
MSA Safety Inc. MSA$6.9 billion22.2822.4%21.2%6.5%0.431.2%
Teleflex Inc. TFX$6.0 billionn/a-35.5%2.0%30.7%0.971.0%
Merit Medical Systems Inc. MMSI$5.6 billion35.049.2%13.5%9.1%0.42n/a
Haemonetics Corp. HAE$5.5 billion58.7611.5%11.9%0.4%1.42n/a
MiniMed Group, Inc. MMED$5.4 billionn/an/an/an/a0.00n/a
Heartflow, Inc. HTFL$5.3 billionn/a-42.3%-37.8%n/a0.00n/a
LivaNova plc LIVN$4.5 billion24.0514.2%12.7%12.4%0.22n/a
Integer Holdings Corp. ITGR$4.3 billion42.456.0%8.2%-0.3%0.71n/a
ICU Medical Inc. ICUI$4.2 billion142.991.4%3.3%-9.0%0.57n/a
iRhythm Holdings, Inc. IRTC$4.2 billionn/a-7.5%-3.0%25.6%3.50n/a
Envista Holdings Corp. NVST$4.0 billion42.453.1%9.6%11.9%0.47n/a
Pulse Biosciences, Inc. PLSE$3.9 billionn/a-80.5%-7,007.8%n/a0.00n/a
AtriCure, Inc. ATRC$3.2 billion297.522.0%2.3%13.9%0.12n/a
Axogen, Inc. AXGN$3.0 billionn/a-6.4%-5.2%24.3%0.00n/a
Warby Parker Inc. WRBY$2.7 billion351.142.0%0.2%11.0%0.00n/a
TransMedics Group, Inc. TMDX$2.3 billion17.2629.3%12.2%25.8%0.990.0%
UFP Technologies Inc. UFPT$2.3 billion31.5615.6%15.3%7.3%0.25n/a
Inspire Medical Systems, Inc. INSP$2.1 billion15.3916.4%6.0%4.3%0.00n/a
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-180.0%-7.6%38.6%12.11n/a
Lemaitre Vascular Inc. LMAT$2.0 billion29.9515.6%29.5%11.8%0.401.1%
Dentsply Sirona Inc. XRAY$1.9 billionn/a-40.4%-8.5%-0.8%1.656.7%
Kestra Medical Technologies, Ltd. KMTS$1.8 billionn/a-67.4%-134.5%60.7%0.33n/a
Alphatec Holdings, Inc. ATEC$1.8 billionn/an/a-3.6%15.3%n/an/a
NovoCure Ltd. NVCR$1.5 billionn/a-34.7%-17.2%12.9%0.56n/a
Tandem Diabetes Care Inc. TNDM$1.4 billionn/a-48.6%-4.4%4.0%4.62n/a
Conmed Corp. CNMD$1.4 billion18.886.9%9.9%1.6%0.771.3%
Cadre Holdings, Inc. CDRE$1.3 billion36.6010.4%10.1%19.7%1.081.3%
SkinHealth Systems Inc. SKIN$1.3 billionn/a-51.2%-1.5%-6.5%6.21n/a
Enovis Corp. ENOV$1.3 billionn/a-74.6%-45.1%4.9%0.87n/a
National Vision Holdings, Inc. EYE$1.3 billion27.265.6%4.1%7.8%0.26n/a
Staar Surgical Co. STAA$1.3 billion360.501.1%4.0%51.3%0.00n/a
Procept BioRobotics Corp. PRCT$1.2 billionn/a-32.3%-33.9%22.7%0.15n/a
Artivion, Inc. AORT$1.1 billionn/a-0.7%4.4%16.4%0.82n/a
Iradimed Corp. IRMD$1.1 billion47.9422.7%31.9%11.2%0.00n/a
Ceribell, Inc. CBLL$1.1 billionn/a-51.4%-68.6%31.7%0.16n/a
Si-Bone, Inc. SIBN$1.0 billionn/a-8.0%-8.3%15.3%0.200.0%
Integra LifeSciences Holdings Corp. IART$997 million75.351.2%4.4%0.8%1.71n/a
Beta Bionics, Inc. BBNX$956 millionn/a-20.7%-72.7%43.7%0.00n/a
Orthopediatrics Corp. KIDS$822 millionn/a-10.0%-9.4%16.1%0.31n/a
Anteris Technologies Global Corp. AVR$624 millionn/a-41.2%-4,738.4%-9.6%0.00n/a
Mimedx Group, Inc. MDXG$579 millionn/a-9.1%-8.3%-22.8%0.00n/a
Tactile Systems Technology Inc. TCMD$552 million22.5211.1%10.0%17.2%0.00n/a
Angiodynamics Inc. ANGO$524 millionn/a-20.1%-11.2%8.2%0.00n/a
Sight Sciences, Inc. SGHT$523 millionn/a-56.3%-33.4%9.3%0.77n/a
Avita Medical, Inc. RCEL$516 millionn/an/a-46.6%1.0%n/an/a
Delcath Systems, Inc. DCTH$507 million1,462.500.4%-1.9%35.8%0.00n/a
SS Innovations International, Inc. SSII$492 millionn/a-23.3%-15.8%89.7%0.00n/a
Cerus Corp. CERS$491 millionn/an/an/an/a0.93n/a
NeuroPace Inc. NPCE$446 millionn/a-160.9%-15.3%11.6%4.970.0%
46 companies share its SEC industry code (Surgical & Medical Instruments & Apparatus); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 September 202627 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202621 April 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K/A31 December 202428 March 2025EDGAR
10-K31 December 202425 March 2025EDGAR