Beta Bionics

BBNX

Medical - Equipment & Services · Healthcare

Price

$17.29

+0.39 (+2.31%)

Market Cap

$770.5M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+711.0% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.0M (2022) → 40.5M (2025)

Beta 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 with

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+56.6% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+47.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$35M/ year

↑ Rising (+33% vs prior year)

34.7% of revenue

1.9x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

51.3%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 years

$239M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$239M cash & investments at current burn rate

Strong grower

Beta Bionics is growing revenue at 57% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

59.5%

Premium pricing power — 59.5% gross margin

Operating Margin

-87.9%

Losing money on operations — -87.9%

ROCE

-8.9%

Weak — -8.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+57.9%

Fast-growing sales (57.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-55.4%

Burning cash (-55.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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