Beta Bionics (BBNX)

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Beta Bionics, Inc. is a commercial-stage medical device company focused on diabetes technology for people who require insulin. Its core product is the iLet Bionic Pancreas, an automated insulin delivery system designed to reduce the daily burden of diabetes management. The system uses adaptive closed-loop algorithms that adjust insulin dosing based on glucose data, with the aim of simplifying therapy compared with traditional pump settings and frequent manual calculations.

The company’s approach is built around making advanced diabetes care easier to use. Many insulin-dependent patients must manage complex variables, including carbohydrate intake, insulin sensitivity, activity levels, and changing daily routines. Beta Bionics seeks to automate more of that process through software-driven decision-making and a user interface intended to limit the number of settings a patient or caregiver must manage. The iLet platform operates within the broader connected diabetes ecosystem, where insulin pumps, continuous glucose monitors, mobile software, and data services increasingly work together to support better outcomes.

BBNX represents exposure to the growing market for automated insulin delivery and digital health-enabled medical devices. Beta Bionics operates as a single business focused on the development, manufacturing, and sale of the iLet system, meaning its commercial performance depends heavily on adoption by patients, prescribing clinicians, payers, and diabetes care providers. Like other medical device companies, it is subject to regulatory oversight, quality system requirements, reimbursement dynamics, product safety monitoring, and competition from established diabetes technology manufacturers. Investors typically watch prescription growth, insurance coverage, gross margins, product updates, and evidence that the platform can improve treatment experience for insulin-requiring people with diabetes.

14.06 USD
+0.21 (+1.51%)

Last updated

Market Cap
618.07M
P/E
P/FCF
P/S
5.61
Enterprise Value
587.86M
Sector
Health Care
Industry
Surgical and Medical Instruments and Apparatus
Address
11 HUGHES, IRVINE, CA, 92618
Market Cap
618.07M
Enterprise Value
587.86M
P/E
P/B
2.28
P/S
5.61
EV / EBITDA
-7.79
EV / Sales
5.33
EPS
-1.49
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-61.12M
ROE
-24.49%
ROA
-21.82%
Debt / Equity
0
Current Ratio
10.69
Quick Ratio
9.67
Cash
1.3
Avg Volume
772.42K
Fundamentals Snapshot Price
13.87

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 27.63M 32.12M 27.25M 23.24M 17.64M
Gross profit 16.44M 18.94M 15.12M 12.5M 8.97M
Operating income -24.27M -16.12M -17.04M -19.87M -18.64M
EBITDA -23.69M -15.59M -16.66M -19.53M -18.34M
Net income -21.9M -13.47M -14.21M -16.87M -28.66M
Basic EPS -0.49 -0.29 -0.33 -0.39 -0.93
Diluted EPS -0.49 -0.29 -0.33 -0.39 -0.93

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 304.42M 328.74M 330.05M 329.97M 338.02M
Total liabilities 33.17M 41.13M 35.29M 28.34M 24.27M
Total equity 271.25M 287.61M 294.76M 301.63M 313.75M
Cash & equivalents 30.21M 31.58M 38.49M 35.08M 42.45M
Current assets 247.89M 267.81M 270.03M 286.08M 261.92M
Current liabilities 23.19M 30.92M 25.39M 19.49M 16.49M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -23.83M -8.63M -8.73M -13.59M -19.98M
Investing cash flow 21.84M 658K 9.49M 6.17M -179.12M
Financing cash flow 623K 1.06M 2.65M 42K 211.12M
Change in cash -1.37M -6.91M 3.41M -7.38M 12.02M
Kind Filing Date Link
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edgar index 144 — Beta Bionics, Inc. View Filing
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edgar index 144 — Beta Bionics, Inc. View Filing
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edgar index 144 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
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edgar index 144 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
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edgar index 4 — Beta Bionics, Inc. View Filing
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edgar index 4/A — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
edgar index 144 — Beta Bionics, Inc. View Filing
form 4 Form 4 — Hopman Mark View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
edgar index 4 — Beta Bionics, Inc. View Filing
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