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Companies / Health Care / Beta Bionics, Inc.
BBNX

Beta Bionics, Inc.

Health CareSurgical & Medical Instruments
Ticker BBNXIRVINE, CAFiscal year ends DecemberBook value per share $8.88Diluted shares 45.2M

Beta Bionics, Inc. (Nasdaq: BBNX) is a medical device company that develops and commercializes insulin-delivery systems for people with diabetes who require insulin. Its commercial product, the iLet Bionic Pancreas, is an automated insulin-delivery system cleared in the United States for people with Type 1 diabetes… From the company’s description.

In fiscal 2025, Beta Bionics, Inc. reported revenue of $100.25M, up 53.9% from fiscal 2024, and a net loss of $73.20M. Its operating margin was −71.5%, and operations used $50.92M in cash. Over the twelve months to Sep 30, 2026, revenue was $127.27M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$100.25MFY2025
+53.9% year over year
Last 12 mo $127.27M
-71.50%FY2025
−2 percentage points
Last 12 mo -72.75%
$-73.20MFY2025
−33.7% year over year
Last 12 mo $-83.12M
-25.45%FY2025
−47.8 percentage points
Last 12 mo -20.71%
Cash & financing
$-50.92MFY2025
−5.5% year over year
Last 12 mo $-59.37M
$-56.22MFY2025
−8.8% year over year
Last 12 mo $-65.96M
—
40.5MFY2025
+536.7% year over year
Last 12 mo 45.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Beta Bionics, Inc. does

In the company’s own words

Beta Bionics, Inc. (Nasdaq: BBNX) is a medical device company that develops and commercializes insulin-delivery systems for people with diabetes who require insulin. Its commercial product, the iLet Bionic Pancreas, is an automated insulin-delivery system cleared in the United States for people with Type 1 diabetes aged six and older. It uses continuous glucose monitor data and adaptive algorithms to determine and deliver insulin doses, with users making qualitative meal announcements rather than calculating doses or counting carbohydrates. The system includes a pump, insulin cartridges, infusion sets, software, and a touchscreen interface, and integrates with compatible Dexcom and Abbott glucose monitors. The company sells in the United States through its direct commercial organization and distributors, supporting patients and healthcare providers with training and customer service. Beta Bionics also develops a tubeless patch pump and a bihormonal iLet system intended to deliver both insulin and glucagon. As of December 31, 2025, its installed base totaled 35,011 iLet devices.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
IRVINE, CA
Fiscal year end
December
CIK
1674632
SIC
3841

Financial performance, year by year

Fiscal 2024–2025 · USD
$-104.16M$-41.04M$22.07M$85.19M$148.30M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Beta Bionics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

118
funds hold it
0 of 35
superinvestors hold it
$198.32M
held by funds, at market
24.2%
of shares held by funds

Largest fund holders · Beta Bionics, Inc.’s weight in each

Eventide Gilead Fund
ETGLX · MUTUAL FUND SERIES TRUST
1.81%of fund net assets
Eventide Healthcare & Life Sciences Fund
ETAHX · MUTUAL FUND SERIES TRUST
1.80%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
BRUCE FUND
BRUFX · Bruce Fund, Inc.
2.78%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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