NASDAQ : XAIR
Beyond Air, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 2.31 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.27M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Beyond Air, Inc. (XAIR) reported revenue of 7.69M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 7.69M | 7.68M | 3.71M | 1.16M | ||
| Cost of Revenue | 7.37M | 7.43M | 5.37M | 2.47M | 555.00K | |
| Gross Profit | 321.00K | 252.00K | -1.66M | -1.31M | -555.00K | |
| Selling, General & Admin | 19.25M | 19.05M | 26.02M | 37.54M | 34.79M | 18.91M |
| Research & Development | 9.11M | 10.24M | 16.86M | 24.16M | 16.71M | 11.30M |
| Operating Expenses | 28.36M | 29.30M | 42.87M | 61.70M | 51.50M | 30.21M |
| Operating Income | -28.04M | -29.04M | -44.54M | -63.01M | -52.06M | -30.21M |
| Interest Expense | -4.46M | -3.52M | -3.02M | -2.91M | -30.00K | -775.00K |
| Interest & Investment Income | 378.00K | 303.00K | 705.00K | 1.74M | 656.00K | 4.00K |
| Currency Exchange Gain (Loss) | -27.00K | -108.00K | -3.00K | -6.00K | -105.00K | -144.00K |
| Other Non Operating Income (Expenses) | -1.47M | -1.37M | 1.56M | 489.00K | 1.00K | |
| EBT Excluding Unusual Items | -33.62M | -33.74M | -45.29M | -63.70M | -51.54M | -31.12M |
| Gain (Loss) on Sale of Assets | -472.00K | -431.00K | -738.00K | |||
| Other Unusual Items | -318.00K | -165.00K | -2.45M | -598.00K | -7.86M | -12.94M |
| Pretax Income | -34.41M | -34.33M | -48.48M | -64.30M | -59.40M | -44.06M |
| Earnings From Continuing Operations | -34.41M | -34.33M | -48.48M | -64.30M | -59.40M | -44.06M |
| Minority Interest in Earnings | 917.00K | 1.08M | 1.85M | 4.05M | 3.58M | 882.00K |
| Net Income | -33.49M | -33.25M | -46.62M | -60.24M | -55.82M | -43.18M |
| Net Income to Common | -33.49M | -33.25M | -46.62M | -60.24M | -55.82M | -43.18M |
| Shares Outstanding (Basic) | 532.69K | 415.05K | 169.27K | 82.90K | 74.93K | 64.17K |
| Shares Outstanding (Diluted) | 532.69K | 415.05K | 169.27K | 82.90K | 74.93K | 64.17K |
| EPS (Basic) | -62.88 | -80.11 | -275.45 | -726.68 | -744.87 | -672.84 |
| EPS (Diluted) | -62.88 | -80.11 | -275.45 | -726.68 | -744.87 | -672.84 |
| Free Cash Flow | -19.60M | -19.17M | -44.10M | -61.76M | -36.89M | -24.51M |
| Free Cash Flow Per Share | -36.79 | -46.19 | -260.54 | -744.98 | -492.25 | -382.01 |
| Gross Margin | 4.18% | 3.28% | -44.89% | -112.77% | ||
| Operating Margin | -364.76% | -378.23% | -1,202.08% | -5,436.32% | ||
| Profit Margin | -435.71% | -432.99% | -1,258.43% | -5,197.76% | ||
| Free Cash Flow Margin | -254.96% | -249.63% | -1,190.31% | -5,328.65% | ||
| EBITDA | -24.80M | -25.79M | -41.33M | -61.03M | -51.22M | -29.86M |
| D&A For EBITDA | 3.24M | 3.25M | 3.20M | 1.98M | 839.00K | 352.00K |
| EBIT | -28.04M | -29.04M | -44.54M | -63.01M | -52.06M | -30.21M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.51M | 6.74M | 4.67M | 11.38M | 29.16M | 80.24M |
| Short-Term Investments | 4.30M | 4.90M | 2.25M | 23.09M | 16.72M | |
| Cash & Short-Term Investments | 9.81M | 11.64M | 6.92M | 34.47M | 45.88M | 80.24M |
| Accounts Receivable | 1.14M | 1.09M | 710.00K | 319.00K | ||
| Other Receivables | 92.00K | 105.00K | 150.00K | 229.00K | 651.00K | 604.00K |
| Receivables | 1.23M | 1.19M | 860.00K | 548.00K | 651.00K | 604.00K |
| Inventory | 1.32M | 1.42M | 2.50M | 2.35M | 1.37M | 350.00K |
| Prepaid Expenses | 622.00K | 777.00K | 1.03M | 1.21M | 1.25M | 1.55M |
| Restricted Cash | 5.41M | 5.62M | 231.00K | 230.00K | 7.61M | 9.99M |
| Other Current Assets | 4.46M | 4.12M | 4.49M | 5.12M | 2.65M | 215.00K |
| Total Current Assets | 22.85M | 24.77M | 16.02M | 43.94M | 59.41M | 92.94M |
| Property, Plant & Equipment | 8.98M | 9.44M | 12.72M | 11.48M | 7.50M | 4.21M |
| Other Intangible Assets | 966.00K | 1.02M | 1.22M | 1.43M | 1.63M | 1.84M |
| Other Long-Term Assets | 94.00K | 158.00K | 103.00K | 113.00K | 211.00K | 206.00K |
| Total Assets | 32.89M | 35.38M | 30.06M | 56.96M | 68.75M | 99.20M |
| Accounts Payable | 2.46M | 2.42M | 1.95M | 1.95M | 2.02M | 1.13M |
| Accrued Expenses | 3.12M | 2.32M | 1.95M | 7.51M | 6.32M | 5.94M |
| Short-Term Debt | 775.00K | 927.00K | ||||
| Current Portion of Long-Term Debt | 231.00K | 401.00K | 609.00K | 800.00K | ||
| Current Portion of Leases | 223.00K | 321.00K | 396.00K | 418.00K | 376.00K | 281.00K |
| Current Unearned Revenue | 742.00K | 777.00K | 138.00K | |||
| Other Current Liabilities | 132.00K | 273.00K | 98.00K | 755.00K | 10.30M | 2.44M |
| Total Current Liabilities | 6.91M | 6.51M | 5.00M | 11.57M | 19.78M | 10.71M |
| Long-Term Debt | 22.17M | 21.64M | 9.20M | 14.72M | 120.00K | 200.00K |
| Long-Term Leases | 977.00K | 1.02M | 1.49M | 1.90M | 2.32M | 2.08M |
| Other Long-Term Liabilities | 1.00K | 2.00K | 38.00K | 1.59M | 4.50M | 8.00M |
| Total Liabilities | 30.05M | 29.18M | 15.72M | 29.77M | 26.72M | 20.99M |
| Common Stock | 1.00K | 5.00K | 3.00K | 3.00K | ||
| Additional Paid-In Capital | 329.42M | 325.59M | 299.99M | 264.78M | 217.34M | 196.27M |
| Retained Earnings | -327.51M | -319.57M | -286.32M | -239.70M | -179.46M | -123.64M |
| Treasury Stock | -25.00K | -25.00K | -25.00K | -25.00K | -25.00K | -25.00K |
| Comprehensive Income & Other | 113.00K | 134.00K | -60.00K | -15.00K | 53.00K | 96.00K |
| Total Common Equity | 2.00M | 6.13M | 13.58M | 25.05M | 37.91M | 72.70M |
| Minority Interest | 842.00K | 84.00K | 758.00K | 2.14M | 4.11M | 5.50M |
| Shareholders' Equity | 2.84M | 6.21M | 14.34M | 27.19M | 42.03M | 78.21M |
| Total Liabilities & Equity | 32.89M | 35.38M | 30.06M | 56.96M | 68.75M | 99.20M |
| Total Debt | 23.60M | 23.38M | 11.69M | 17.84M | 3.59M | 3.49M |
| Net Cash (Debt) | -13.79M | -11.74M | -4.77M | 16.63M | 42.29M | 76.75M |
| Net Cash Per Share | -25.88 | -28.29 | -28.19 | 200.62 | 564.36 | 1,196.10 |
| Filing Date Shares Outstanding | 957.63K | 720.53K | 231.99K | 114.75K | 79.19K | 74.72K |
| Total Common Shares Outstanding | 743.42K | 589.63K | 206.43K | 114.75K | 76.85K | 74.72K |
| Working Capital | 15.94M | 18.26M | 11.02M | 32.37M | 39.63M | 82.23M |
| Book Value Per Share | 2.69 | 10.39 | 65.80 | 218.28 | 493.39 | 973.08 |
| Tangible Book Value | 1.03M | 5.11M | 12.36M | 23.62M | 36.28M | 70.87M |
| Tangible Book Value Per Share | 1.39 | 8.66 | 59.88 | 205.84 | 472.15 | 948.50 |
| Machinery | 15.77M | 15.39M | 15.99M | 11.78M | 5.68M | 2.36M |
| Leasehold Improvements | 378.00K | 521.00K | 521.00K | 612.00K | 581.00K | 404.00K |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -33.49M | -33.25M | -46.62M | -60.24M | -55.82M | -43.18M |
| Depreciation & Amortization | 3.64M | 3.65M | 3.57M | 2.35M | 1.17M | 588.00K |
| Other Amortization | 928.00K | 551.00K | 1.03M | 1.15M | 528.00K | |
| Loss (Gain) From Sale of Assets | 472.00K | 431.00K | 334.00K | 15.00K | 235.00K | |
| Asset Writedown & Restructuring Costs | 505.00K | |||||
| Loss (Gain) From Sale of Investments | 11.00K | 60.00K | 123.00K | -12.00K | ||
| Stock-Based Compensation | 4.74M | 5.28M | 9.15M | 21.34M | 19.56M | 7.83M |
| Provision & Write-off of Bad Debts | 182.00K | 91.00K | ||||
| Other Operating Activities | 3.24M | 2.75M | -85.00K | -4.71M | -3.54M | -738.00K |
| Change in Accounts Receivable | -519.00K | -468.00K | -390.00K | -319.00K | ||
| Change in Inventory | 1.12M | 1.11M | -466.00K | -998.00K | -781.00K | |
| Change in Accounts Payable | 654.00K | 267.00K | 399.00K | -467.00K | 838.00K | -327.00K |
| Change in Other Net Operating Assets | 463.00K | 1.44M | -5.70M | -14.25M | 5.34M | 12.16M |
| Operating Cash Flow | -18.56M | -18.14M | -38.22M | -56.01M | -33.01M | -23.13M |
| Capital Expenditures | -1.03M | -1.02M | -5.88M | -5.75M | -3.88M | -1.38M |
| Investment in Securities | -2.83M | -2.65M | 20.78M | -6.49M | -16.71M | |
| Other Investing Activities | 72.00K | 10.00K | 1.00K | -70.00K | ||
| Investing Cash Flow | -3.79M | -3.67M | 14.90M | -12.23M | -20.59M | -1.45M |
| Short-Term Debt Issued | 1.03M | |||||
| Long-Term Debt Issued | 14.00M | 11.32M | 15.82M | |||
| Total Debt Issued | 12.00M | 14.00M | 11.32M | 15.82M | 1.03M | |
| Short-Term Debt Repaid | -658.00K | |||||
| Long-Term Debt Repaid | -208.00K | -18.05M | -835.00K | -1.01M | ||
| Total Debt Repaid | -3.00K | -208.00K | -18.05M | -835.00K | -1.01M | -658.00K |
| Net Debt Issued (Repaid) | 12.00M | 13.79M | -6.73M | 14.98M | -1.01M | 371.00K |
| Issuance of Common Stock | 16.99M | 16.20M | 23.37M | 28.18M | 3.71M | 79.04M |
| Other Financing Activities | -906.00K | -906.00K | 35.00K | |||
| Financing Cash Flow | 28.08M | 29.09M | 16.65M | 43.17M | 2.70M | 79.45M |
| Foreign Exchange Rate Adjustments | 46.00K | 194.00K | -45.00K | -77.00K | -43.00K | 96.00K |
| Miscellaneous Cash Flow Adjustments | -1.00K | |||||
| Net Cash Flow | 5.78M | 7.47M | -6.71M | -25.16M | -50.94M | 54.96M |
| Free Cash Flow | -19.60M | -19.17M | -44.10M | -61.76M | -36.89M | -24.51M |
| Free Cash Flow Margin | -254.96% | -249.63% | -1,190.31% | -5,328.65% | ||
| Free Cash Flow Per Share | -36.79 | -46.19 | -260.54 | -744.98 | -492.25 | -382.01 |
| Levered Free Cash Flow | -14.07M | -14.12M | -27.85M | -26.33M | -7.40M | -15.54M |
| Unlevered Free Cash Flow | -12.21M | -12.48M | -26.99M | -25.66M | -7.38M | -15.58M |
| Cash Interest Paid | 443.00K | 423.00K | 1.20M | 1.76M | 36.00K | 340.00K |
| Change in Working Capital | 1.72M | 2.35M | -6.15M | -16.04M | 5.39M | 11.83M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.21M | 7.27M | 24.06M | 79.86M | 203.12M | 199.27M |
| Enterprise Value | 15.99M | 19.37M | 24.56M | 68.19M | 157.32M | 124.18M |
| Last Close Price | 2.24 | 13.80 | 109.00 | 696.00 | 2,700.00 | 2,672.00 |
| PS Ratio | 0.29 | 0.95 | 6.49 | 68.91 | ||
| PB Ratio | 0.83 | 1.17 | 1.68 | 2.94 | 4.83 | 2.55 |
| P/TBV Ratio | 2.14 | 1.42 | 1.95 | 3.38 | 5.60 | 2.81 |
| EV/Sales Ratio | 2.08 | 2.52 | 6.63 | 58.83 | ||
| Debt / Equity Ratio | 8.31 | 3.77 | 0.81 | 0.66 | 0.09 | 0.04 |
| Net Debt / Equity Ratio | 4.86 | 1.89 | 0.33 | -0.61 | -1.01 | -0.98 |
| Net Debt / EBITDA Ratio | -0.56 | -0.46 | -0.12 | 0.27 | 0.83 | 2.57 |
| Net Debt / FCF Ratio | -0.70 | -0.61 | -0.11 | 0.27 | 1.15 | 3.13 |
| Asset Turnover | 0.25 | 0.23 | 0.09 | 0.02 | ||
| Inventory Turnover | 3.85 | 3.79 | 2.21 | 1.32 | 0.64 | |
| Quick Ratio | 1.60 | 1.97 | 1.55 | 3.03 | 2.35 | 7.55 |
| Current Ratio | 3.31 | 3.80 | 3.20 | 3.80 | 3.00 | 8.68 |
| Return on Equity (ROE) | -519.51% | -334.13% | -233.48% | -185.79% | -98.81% | -81.08% |
| Return on Assets (ROA) | -57.45% | -55.47% | -63.97% | -62.65% | -38.75% | -27.03% |
| Return on Capital Employed (ROCE) | -107.90% | -100.60% | -177.70% | -138.80% | -106.30% | -34.10% |
| Earnings Yield | -2,806.92% | -457.51% | -193.82% | -75.43% | -27.48% | -21.67% |
| FCF Yield | -888.81% | -263.77% | -183.33% | -77.33% | -18.16% | -12.30% |
| Buyback Yield / Dilution | -162.07% | -145.20% | -104.18% | -10.63% | -16.77% | -42.56% |