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Side-by-side financial comparison of BETA Technologies, Inc. (BETA) and Five Point Holdings, LLC (FPH). Click either name above to swap in a different company.

Five Point Holdings, LLC is the larger business by last-quarter revenue ($13.6M vs $8.9M, roughly 1.5× BETA Technologies, Inc.). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -4902.6%, a 4886.2% gap on every dollar of revenue. On growth, BETA Technologies, Inc. posted the faster year-over-year revenue change (190.9% vs 3.2%).

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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

BETA vs FPH — Head-to-Head

Bigger by revenue
FPH
FPH
1.5× larger
FPH
$13.6M
$8.9M
BETA
Growing faster (revenue YoY)
BETA
BETA
+187.6% gap
BETA
190.9%
3.2%
FPH
Higher net margin
FPH
FPH
4886.2% more per $
FPH
-16.4%
-4902.6%
BETA

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BETA
BETA
FPH
FPH
Revenue
$8.9M
$13.6M
Net Profit
$-437.2M
$-2.2M
Gross Margin
69.3%
Operating Margin
-903.5%
-43.5%
Net Margin
-4902.6%
-16.4%
Revenue YoY
190.9%
3.2%
Net Profit YoY
-482.5%
-109.6%
EPS (diluted)
$-9.83

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
FPH
FPH
Q1 26
$13.6M
Q4 25
$75.9M
Q3 25
$8.9M
$13.5M
Q2 25
$7.5M
Q1 25
$13.2M
Q4 24
$159.8M
Q3 24
$3.1M
$17.0M
Q2 24
$51.2M
Net Profit
BETA
BETA
FPH
FPH
Q1 26
$-2.2M
Q4 25
$58.7M
Q3 25
$-437.2M
$21.1M
Q2 25
$3.3M
Q1 25
$23.3M
Q4 24
$121.0M
Q3 24
$-75.1M
$4.8M
Q2 24
$14.7M
Gross Margin
BETA
BETA
FPH
FPH
Q1 26
Q4 25
Q3 25
69.3%
Q2 25
Q1 25
Q4 24
Q3 24
61.2%
Q2 24
Operating Margin
BETA
BETA
FPH
FPH
Q1 26
-43.5%
Q4 25
89.0%
Q3 25
-903.5%
Q2 25
Q1 25
Q4 24
87.5%
Q3 24
-2381.0%
83.6%
Q2 24
86.1%
Net Margin
BETA
BETA
FPH
FPH
Q1 26
-16.4%
Q4 25
77.3%
Q3 25
-4902.6%
156.2%
Q2 25
44.4%
Q1 25
177.0%
Q4 24
75.7%
Q3 24
-2448.3%
28.0%
Q2 24
28.8%
EPS (diluted)
BETA
BETA
FPH
FPH
Q1 26
Q4 25
Q3 25
$-9.83
Q2 25
Q1 25
Q4 24
Q3 24
$-1.81
Q2 24

Balance Sheet & Financial Strength

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

Metric
BETA
BETA
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$687.6M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$789.9M
$2.3B
Total Assets
$1.1B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BETA
BETA
FPH
FPH
Q1 26
$332.6M
Q4 25
$425.5M
Q3 25
$687.6M
$351.1M
Q2 25
$456.6M
Q1 25
$528.3M
Q4 24
$430.9M
Q3 24
$52.2M
$224.5M
Q2 24
$217.4M
Stockholders' Equity
BETA
BETA
FPH
FPH
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$789.9M
$2.3B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$196.1M
$2.0B
Q2 24
$2.0B
Total Assets
BETA
BETA
FPH
FPH
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$1.1B
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.1B
Q3 24
$2.9B
Q2 24
$2.9B

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
FPH
FPH
Operating Cash FlowLast quarter
$-183.4M
$-44.5M
Free Cash FlowOCF − Capex
$-209.0M
FCF MarginFCF / Revenue
-2344.1%
Capex IntensityCapex / Revenue
287.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BETA
BETA
FPH
FPH
Q1 26
$-44.5M
Q4 25
$105.2M
Q3 25
$-183.4M
$40.4M
Q2 25
$-71.6M
Q1 25
$56.7M
Q4 24
$116.0M
Q3 24
$-18.0M
Q2 24
$-23.2M
Free Cash Flow
BETA
BETA
FPH
FPH
Q1 26
Q4 25
$105.0M
Q3 25
$-209.0M
Q2 25
$-71.7M
Q1 25
$56.7M
Q4 24
$115.2M
Q3 24
$-18.2M
Q2 24
$-23.6M
FCF Margin
BETA
BETA
FPH
FPH
Q1 26
Q4 25
138.4%
Q3 25
-2344.1%
Q2 25
-959.3%
Q1 25
430.9%
Q4 24
72.1%
Q3 24
-106.9%
Q2 24
-46.1%
Capex Intensity
BETA
BETA
FPH
FPH
Q1 26
0.0%
Q4 25
0.3%
Q3 25
287.8%
0.0%
Q2 25
0.8%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
0.7%
Cash Conversion
BETA
BETA
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

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%

FPH
FPH

Segment breakdown not available.

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