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Side-by-side financial comparison of BETA Technologies, Inc. (BETA) and Falcon's Beyond Global, Inc. (FBYD). Click either name above to swap in a different company.

BETA Technologies, Inc. is the larger business by last-quarter revenue ($8.9M vs $6.6M, roughly 1.4× Falcon's Beyond Global, Inc.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -4902.6%, a 4898.1% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs 190.9%). Falcon's Beyond Global, Inc. produced more free cash flow last quarter ($-4.3M vs $-209.0M).

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

BETA vs FBYD — Head-to-Head

Bigger by revenue
BETA
BETA
1.4× larger
BETA
$8.9M
$6.6M
FBYD
Growing faster (revenue YoY)
FBYD
FBYD
+192.6% gap
FBYD
383.5%
190.9%
BETA
Higher net margin
FBYD
FBYD
4898.1% more per $
FBYD
-4.5%
-4902.6%
BETA
More free cash flow
FBYD
FBYD
$204.7M more FCF
FBYD
$-4.3M
$-209.0M
BETA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BETA
BETA
FBYD
FBYD
Revenue
$8.9M
$6.6M
Net Profit
$-437.2M
$-296.0K
Gross Margin
69.3%
Operating Margin
-903.5%
-30.9%
Net Margin
-4902.6%
-4.5%
Revenue YoY
190.9%
383.5%
Net Profit YoY
-482.5%
97.5%
EPS (diluted)
$-9.83
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BETA
BETA
FBYD
FBYD
Q4 25
$6.6M
Q3 25
$8.9M
$4.1M
Q2 25
$2.5M
Q1 25
$1.7M
Q4 24
$1.4M
Q3 24
$3.1M
$2.1M
Q2 24
$1.8M
Q1 24
$1.5M
Net Profit
BETA
BETA
FBYD
FBYD
Q4 25
$-296.0K
Q3 25
$-437.2M
$-10.4M
Q2 25
$25.1M
Q1 25
$-8.1M
Q4 24
$-11.9M
Q3 24
$-75.1M
$39.3M
Q2 24
$8.0M
Q1 24
$114.0M
Gross Margin
BETA
BETA
FBYD
FBYD
Q4 25
Q3 25
69.3%
Q2 25
Q1 25
Q4 24
Q3 24
61.2%
Q2 24
Q1 24
Operating Margin
BETA
BETA
FBYD
FBYD
Q4 25
-30.9%
Q3 25
-903.5%
-90.9%
Q2 25
-53.0%
Q1 25
-371.1%
Q4 24
-335.6%
Q3 24
-2381.0%
-118.9%
Q2 24
-195.9%
Q1 24
-350.5%
Net Margin
BETA
BETA
FBYD
FBYD
Q4 25
-4.5%
Q3 25
-4902.6%
-256.8%
Q2 25
985.2%
Q1 25
-473.8%
Q4 24
-871.7%
Q3 24
-2448.3%
1899.5%
Q2 24
446.5%
Q1 24
7521.4%
EPS (diluted)
BETA
BETA
FBYD
FBYD
Q4 25
$-0.01
Q3 25
$-9.83
$-0.13
Q2 25
$0.30
Q1 25
$-0.13
Q4 24
$-0.25
Q3 24
$-1.81
$0.39
Q2 24
$0.00
Q1 24
$1.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BETA
BETA
FBYD
FBYD
Cash + ST InvestmentsLiquidity on hand
$687.6M
$1.9M
Total DebtLower is stronger
$15.6M
Stockholders' EquityBook value
$789.9M
$11.9M
Total Assets
$1.1B
$66.7M
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BETA
BETA
FBYD
FBYD
Q4 25
$1.9M
Q3 25
$687.6M
$4.3M
Q2 25
$26.1M
Q1 25
$1.1M
Q4 24
$825.0K
Q3 24
$52.2M
$828.0K
Q2 24
$1.7M
Q1 24
$1.1M
Total Debt
BETA
BETA
FBYD
FBYD
Q4 25
$15.6M
Q3 25
Q2 25
Q1 25
Q4 24
$41.2M
Q3 24
$10.3M
Q2 24
$15.7M
Q1 24
$15.1M
Stockholders' Equity
BETA
BETA
FBYD
FBYD
Q4 25
$11.9M
Q3 25
$789.9M
$9.2M
Q2 25
$414.0K
Q1 25
$-11.6M
Q4 24
$-9.0M
Q3 24
$196.1M
$-1.4M
Q2 24
$-44.7M
Q1 24
$-61.7M
Total Assets
BETA
BETA
FBYD
FBYD
Q4 25
$66.7M
Q3 25
$1.1B
$66.8M
Q2 25
$89.2M
Q1 25
$56.7M
Q4 24
$61.2M
Q3 24
$66.5M
Q2 24
$65.9M
Q1 24
$67.8M
Debt / Equity
BETA
BETA
FBYD
FBYD
Q4 25
1.31×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BETA
BETA
FBYD
FBYD
Operating Cash FlowLast quarter
$-183.4M
$-4.3M
Free Cash FlowOCF − Capex
$-209.0M
$-4.3M
FCF MarginFCF / Revenue
-2344.1%
-66.0%
Capex IntensityCapex / Revenue
287.8%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BETA
BETA
FBYD
FBYD
Q4 25
$-4.3M
Q3 25
$-183.4M
$-13.3M
Q2 25
$-7.9M
Q1 25
$945.0K
Q4 24
$-3.8M
Q3 24
$-2.4M
Q2 24
$-2.6M
Q1 24
$-3.8M
Free Cash Flow
BETA
BETA
FBYD
FBYD
Q4 25
$-4.3M
Q3 25
$-209.0M
$-13.4M
Q2 25
Q1 25
$853.0K
Q4 24
$-3.8M
Q3 24
$-2.4M
Q2 24
$-2.6M
Q1 24
$-3.8M
FCF Margin
BETA
BETA
FBYD
FBYD
Q4 25
-66.0%
Q3 25
-2344.1%
-329.6%
Q2 25
Q1 25
49.9%
Q4 24
-278.7%
Q3 24
-114.9%
Q2 24
-145.6%
Q1 24
-248.8%
Capex Intensity
BETA
BETA
FBYD
FBYD
Q4 25
0.3%
Q3 25
287.8%
1.0%
Q2 25
0.0%
Q1 25
5.4%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.3%
Cash Conversion
BETA
BETA
FBYD
FBYD
Q4 25
Q3 25
Q2 25
-0.31×
Q1 25
Q4 24
Q3 24
-0.06×
Q2 24
-0.33×
Q1 24
-0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BETA
BETA

Commerical Customers$6.2M70%
United States Government$2.7M30%

FBYD
FBYD

Segment breakdown not available.

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