10-Q quarterly report · filed Oct 28, 2025

Beta Bionics, Inc. (BBNX) Q3 2025 10-Q Quarterly Report

Short answer

Beta Bionics, Inc. (BBNX) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $27M with net income of −$14M.

Q3 2025 key financials · XBRL

Revenue
$27M
+17.3% QoQ
Net income
−$14M
+15.8% QoQ
Operating margin
-62.5%
Gross margin
55.5%
EPS (diluted)
−$0.29
+3.3% QoQ

Source: XBRL data from the Beta Bionics, Inc. (BBNX) Q3 2025 10-Q on SEC EDGAR. USD.

Beta Bionics, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • PBP channel strongest growth, representing 21% of nine-month net sales vs 9% YoY
  • Approximately 70% of adoption came from prior MDI users vs 67% YoY
  • Phase 3 collaboration payments totaled $2.5 million as of September 30, 2025

Risk Factors

  • Revenue concentration: top four DME distributors represented approximately 52% of total sales for nine months ended September 30, 2025
  • Liquidity risk: $274.0 million in cash, equivalents and investments estimated sufficient through first half of 2028
  • Loss risk: net loss $59.7 million and accumulated deficit $356.5 million as of September 30, 2025
  • Regulatory risk: additional indications, including T2D and bihormonal iLet, require future FDA authorization
  • Competitive risk: Medtronic, Tandem and Insulet possess substantially greater resources in insulin pumps

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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