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Beta Bionics, Inc. (BBNX) 10-Year Financial Performance & Capital Metrics

BBNX • • Industrial / General
HealthcareMedical EquipmentDiabetes Management & MonitoringAutomated Insulin Delivery Systems
AboutBeta Bionics, Inc., a commercial-stage medical device company, engages in the design, development, and commercialization of solutions to enhance the health and quality of life of insulin-requiring people with diabetes. It offers iLet Bionic Pancreas, an insulin delivery device for the treatment of type 1 diabetes in adults and children six years of age and older. The company is also developing Patch Pump, an insulin pump that is designed to adhere directly to the skin and administer insulin without the need for tubing; Bihormonal iLet, which combines automated delivery of insulin and glucagon; and iLet to treat people with insulin-dependent type-2 diabetes. It has collaboration and license agreement with Xeris Pharmaceuticals, Inc. (Xeris) to develop and commercialize a pump-compatible glucagon formulation; and development and commercialization agreement with Abbott Diabetes Care Inc. to develop and commercialize an automated insulin delivery system. The company was incorporated in 2015 and is based in Irvine, California.Show more
  • Revenue $65M +442.9%
  • EBITDA -$44M -27.4%
  • Net Income -$55M -24.2%
  • EPS (Diluted) -8.60 -3.5%
  • Gross Margin 55.11% +4.8%
  • EBITDA Margin -67.72% +76.5%
  • Operating Margin -69.48% +76.8%
  • Net Margin -84.08% +77.1%
  • ROE -81.35% +34.0%
  • ROIC -76.18% +63.6%
  • Debt/Equity 0.10 +32.5%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 20.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-114.53%
5Y Avg-114.53%
3Y Avg-114.53%
Latest-39.71%

Peer Comparison

Automated Insulin Delivery Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BBNXBeta Bionics, Inc.783.2M17.79-2.07442.93%-87.89%-26.41%0.10

Profit & Loss

Dec 2022Dec 2023Dec 2024
Sales/Revenue+179K11.99M65.12M
Revenue Growth %-66.01%4.43%
Cost of Goods Sold+05.69M29.24M
COGS % of Revenue-0.47%0.45%
Gross Profit+179K6.31M35.89M
Gross Margin %1%0.53%0.55%
Gross Profit Growth %-34.24%4.69%
Operating Expenses+66.02M42.16M81.14M
OpEx % of Revenue368.84%3.51%1.25%
Selling, General & Admin33.49M24.21M54.95M
SG&A % of Revenue187.12%2.02%0.84%
Research & Development31.43M17.94M26.18M
R&D % of Revenue175.58%1.5%0.4%
Other Operating Expenses1.1M00
Operating Income+-65.84M-35.85M-45.25M
Operating Margin %-367.84%-2.99%-0.69%
Operating Income Growth %-0.46%-0.26%
EBITDA+-64.5M-34.62M-44.1M
EBITDA Margin %-360.33%-2.89%-0.68%
EBITDA Growth %-0.46%-0.27%
D&A (Non-Cash Add-back)1.34M1.23M1.15M
EBIT-64.74M-35.85M-45.25M
Net Interest Income+182K1.78M3.91M
Interest Income196K1.78M3.91M
Interest Expense14K00
Other Income/Expense1.09M-8.25M-9.51M
Pretax Income+-64.75M-44.1M-54.76M
Pretax Margin %-361.74%-3.68%-0.84%
Income Tax+000
Effective Tax Rate %1%1%1%
Net Income+-64.75M-44.1M-54.76M
Net Margin %-361.74%-3.68%-0.84%
Net Income Growth %-0.32%-0.24%
Net Income (Continuing)-64.75M-44.1M-54.76M
Discontinued Operations000
Minority Interest000
EPS (Diluted)+-12.96-8.31-8.60
EPS Growth %-0.36%-0.03%
EPS (Basic)-12.96-8.31-8.60
Diluted Shares Outstanding5M5.3M6.37M
Basic Shares Outstanding5M5.3M6.37M
Dividend Payout Ratio---

Balance Sheet

Dec 2022Dec 2023Dec 2024
Total Current Assets+28.47M103.62M132.92M
Cash & Short-Term Investments27.68M96.75M103.58M
Cash Only27.68M26.57M30.43M
Short-Term Investments070.18M73.14M
Accounts Receivable04.45M12M
Days Sales Outstanding-135.3567.23
Inventory01.25M13.32M
Days Inventory Outstanding-79.91166.29
Other Current Assets250K275K1.05M
Total Non-Current Assets+7.06M6.42M16.72M
Property, Plant & Equipment6.87M6.2M11.42M
Fixed Asset Turnover0.03x1.94x5.70x
Goodwill000
Intangible Assets000
Long-Term Investments000
Other Non-Current Assets193K221K5.3M
Total Assets+35.53M110.04M149.65M
Asset Turnover0.01x0.11x0.44x
Asset Growth %-2.1%0.36%
Total Current Liabilities+8.87M10.61M21.15M
Accounts Payable430K1.17M2.85M
Days Payables Outstanding-74.8435.61
Short-Term Debt000
Deferred Revenue (Current)00939K
Other Current Liabilities1.32M1.14M10.94M
Current Ratio3.21x9.77x6.29x
Quick Ratio3.21x9.65x5.66x
Cash Conversion Cycle-140.42197.92
Total Non-Current Liabilities+13.65M40.83M52.48M
Long-Term Debt000
Capital Lease Obligations3.16M3M5.73M
Deferred Tax Liabilities000
Other Non-Current Liabilities10.5M37.83M44.9M
Total Liabilities22.53M51.43M73.63M
Total Debt+4.13M4.22M7.25M
Net Debt-23.54M-22.34M-23.18M
Debt / Equity0.32x0.07x0.10x
Debt / EBITDA---
Net Debt / EBITDA---
Interest Coverage-4703.14x--
Total Equity+13M58.61M76.01M
Equity Growth %-3.51%0.3%
Book Value per Share2.6011.0511.94
Total Shareholders' Equity13M58.61M76.01M
Common Stock1K1K1K
Retained Earnings-185.56M-229.66M-296.74M
Treasury Stock000
Accumulated OCI0137K65K
Minority Interest000

Cash Flow

Dec 2022Dec 2023Dec 2024
Cash from Operations+-60.21M-32.45M-48.27M
Operating CF Margin %-336.36%-2.7%-0.74%
Operating CF Growth %-0.46%-0.49%
Net Income-64.75M-44.1M-54.76M
Depreciation & Amortization2.09M2.09M2.28M
Stock-Based Compensation6.1M5.66M6.38M
Deferred Taxes000
Other Non-Cash Items-854K10.27M9.96M
Working Capital Changes-2.79M-6.36M-12.15M
Change in Receivables0-4.49M-7.62M
Change in Inventory0-1.19M-11.44M
Change in Payables-77K01.51M
Cash from Investing+-769K-69.69M-3.48M
Capital Expenditures-772K-402K-3.4M
CapEx % of Revenue4.31%0.03%0.05%
Acquisitions---
Investments---
Other Investing3K-69.29M50K
Cash from Financing+56.78M101.03M55.62M
Debt Issued (Net)---
Equity Issued (Net)---
Dividends Paid000
Share Repurchases---
Other Financing389K101.03M0
Net Change in Cash---
Free Cash Flow+-60.98M-32.85M-51.67M
FCF Margin %-340.67%-2.74%-0.79%
FCF Growth %-0.46%-0.57%
FCF per Share-12.20-6.19-8.12
FCF Conversion (FCF/Net Income)0.93x0.74x0.88x
Interest Paid000
Taxes Paid000

Key Ratios

Metric202220232024
Return on Equity (ROE)-498.08%-123.17%-81.35%
Return on Invested Capital (ROIC)--209.05%-76.18%
Gross Margin100%52.59%55.11%
Net Margin-36173.74%-367.64%-84.08%
Debt / Equity0.32x0.07x0.10x
Interest Coverage-4703.14x--
FCF Conversion0.93x0.74x0.88x
Revenue Growth-6601.12%442.93%

Frequently Asked Questions

Growth & Financials

Beta Bionics, Inc. (BBNX) reported $88.6M in revenue for fiscal year 2024. This represents a 49380% increase from $0.2M in 2022.

Beta Bionics, Inc. (BBNX) grew revenue by 442.9% over the past year. This is strong growth.

Beta Bionics, Inc. (BBNX) reported a net loss of $77.8M for fiscal year 2024.

Dividend & Returns

Beta Bionics, Inc. (BBNX) has a return on equity (ROE) of -81.3%. Negative ROE indicates the company is unprofitable.

Beta Bionics, Inc. (BBNX) had negative free cash flow of $60.5M in fiscal year 2024, likely due to heavy capital investments.

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