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Financials · XAIR

Beyond Air Inc. (XAIR) financials

For the twelve months ended Jun 30, 2026, Beyond Air Inc. reported $7.69M of revenue and -$33.81M of net income.

Revenue, TTM
$7.69M
Revenue growth, YoY
+60.7%
Net income, TTM
-$33.81M
Net margin
-439.8%
Free cash flow, TTM
-$19.60M
Cash
$5.51M
P/S
0.50
Market cap
$3.8M
Annual revenue$7.68M
FY2019FY2026
Annual net income-$33.25M
FY2016FY2026
Annual free cash flow-$19.17M
FY2016FY2026

XAIR revenue and earnings growth

XAIR revenueQ1 2027$1.77M

Quarter YoY
+0.5%
QoQ
-7.3%
FY YoY
+107.3%
5Y CAGR
+54.5%

XAIR revenue was $1.77M in fiscal Q1 2027 (ended Jun 30, 2026), up 0.5% from a year earlier and down 7.3% from the prior quarter. For the full fiscal 2026 it was $7.68M, up 107.3% from fiscal 2025. Compound annual growth was +54.5% over 5 years.

XAIR net incomeQ1 2027-$7.93M

XAIR net income was -$7.93M in fiscal Q1 2027 (ended Jun 30, 2026), compared with -$7.69M a year earlier. For the full fiscal 2026 it was -$33.25M, compared with -$46.63M in fiscal 2025.

XAIR EPSQ1 2027-$11.00

XAIR diluted EPS was -$11.00 in fiscal Q1 2027 (ended Jun 30, 2026). For the full fiscal 2026 it was -$80.20.

XAIR free cash flowQ1 2027-$5.15M

XAIR free cash flow was -$5.15M in fiscal Q1 2027 (ended Jun 30, 2026), compared with -$4.72M a year earlier. For the full fiscal 2026 it was -$19.17M, compared with -$44.10M in fiscal 2025.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2016
Dec 31, 2016
Revenue$7.68M$3.71M$1.16M--$873.0K$1.39M$7.72M--
Cost of revenue$7.43M$5.37M$2.47M$555.0K------
Gross profit$252.0K-$1.66M-$1.31M-$555.0K------
Research and development$10.24M$16.86M$24.36M$16.81M$11.80M$12.62M$10.65M$3.93M$4.64M-$673.0K
Selling, general and admin$19.05M$26.02M$37.34M$34.69M$18.41M$10.47M$8.88M$6.85M$5.31M-$1.04M
Operating income-$29.04M-$44.54M-$63.01M-$52.06M-$40.71M-$22.21M-$18.14M-$3.06M$9.94M$2.33M
Interest expense$3.52M$3.02M$2.91M$30.0K$775.0K$642.0K$30.5K$1.5K-$895
Pre-tax income-$34.33M-$48.48M-$64.30M-$59.40M-$44.06M-$22.88M-$20.10M-$6.59M-$3.69M
Income tax-------$154.3K--$27.0K
Net income-$33.25M-$46.63M-$60.24M-$55.82M-$43.18M-$22.88M-$19.94M-$6.56M-$10.72M-$3.72M
EPS, basic-$80.20-$275.40-$728.00-$744.00-$672.00-$508.00-$712.00-$308.00-$672.00-$1076.00
EPS, diluted-$80.20-$275.40-$728.00-$744.00--$508.00-$712.00-$308.00-$672.00-$1076.00
Diluted shares415,045.8169,266.3582,900.4574,934.098-45,013.06528,765.5321,246.31315,978.0453,620.908

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2016
Dec 31, 2016
Cash and equivalents$6.74M$4.67M$11.38M$29.16M$80.24M$34.63M$19.83M$1.34M$732.5K$7.2K
Short-term investments$4.90M$2.25M$23.09M$16.72M---$6.54M$8.30M-
Receivables$1.09M$710.0K$319.0K$420.0K$322.0K$425.0K----
Inventory$1.41M$2.42M$2.13M$1.13M$350.0K-----
Current assets$24.77M$16.02M$43.94M$59.41M$92.94M$37.22M$26.68M$8.69M$9.10M$85.0K
Total assets$35.38M$30.06M$56.96M$68.75M$99.20M$40.52M$27.43M$9.43M$9.36M$236.0K
Current liabilities$6.51M$5.00M$11.57M$19.78M$10.71M$3.80M$4.87M$5.40M$2.13M$2.04M
Short-term debt---------$39.0K
Long-term debt---------$2.90M
Total debt--$17.50M$200.0K$200.0K$4.47M---$2.93M
Total liabilities$29.18M$15.72M$29.77M$26.72M$20.99M$10.06M$9.34M$5.40M$5.68M$4.93M
Shareholders' equity$6.13M$14.34M$27.19M$42.03M$78.21M$30.46M$18.09M$4.02M$1.54M-$4.70M

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2016
Dec 31, 2016
Operating cash flow-$18.14M-$38.22M-$56.01M-$33.01M-$23.13M-$19.64M-$15.25M$1.34M-$8.69M-$692.0K
Capital expenditures$1.02M$5.88M$5.75M$3.88M$1.38M$890.0K$43.6K$56.5K$219.6K-$2.0K
Free cash flow-$19.17M-$44.10M-$61.76M-$36.89M-$24.51M-$20.53M-$15.29M$1.28M-$8.91M-$694.0K
Investing cash flow-$3.67M$14.90M-$12.23M-$20.59M-$1.45M-$890.0K$4.42M-$1.79M-$8.52M$14.0K
Financing cash flow$29.09M$16.65M$43.17M$2.70M$79.45M$30.33M$34.93M$1.07M$10.81M$556.0K
Stock-based compensation$5.28M$9.15M$21.34M$19.56M$7.83M$4.89M$3.58M$2.40M$574.4K$365.0K
Depreciation and amortization$3.10M$3.00M$1.80M$600.0K$314.0K$173.0K$77.2K$64.8K--

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2016
Dec 31, 2016
Revenue growth, YoY107.3%219.7%----37.2%-82.0%---
Gross margin3.3%-44.9%-112.8%-------
Operating margin-378.2%-1202.1%-5436.2%---2544.6%-1305.1%-39.6%--
Net margin-433.0%-1258.4%-5197.8%---2620.3%-1434.6%-84.9%--
Free cash flow margin-249.6%-1190.3%-5328.6%---2351.5%-1100.2%16.6%--
Return on equity-542.8%-325.1%-221.6%-132.8%-55.2%-75.1%-110.2%-162.9%-693.9%-
Return on assets-94.0%-155.1%-105.8%-81.2%-43.5%-56.4%-72.7%-69.6%-114.5%-1576.3%
Current ratio3.803.203.803.008.689.805.481.614.270.04
Debt to equity--0.640.000.000.15----

Source: XBRL data Beyond Air Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported Aug 12, 2025; 1-for-20, first reported Aug 13, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

XAIR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
XAIR$7.69M+60.7%-$33.81M-439.8%$3.8M
INGN$379.32M+13.7%-$35.46M-9.3%$162.4M

XAIR FAQ

8 questions
  • What is XAIR revenue?
    Beyond Air Inc. (XAIR) reported $7.69M of revenue for the twelve months ended Jun 30, 2026. That is up 60.7% from the year before. Revenue for fiscal 2026 was $7.68M.
  • Is XAIR profitable?
    No. Beyond Air Inc. reported a net loss of $33.81M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does XAIR have?
    Beyond Air Inc. reported $5.51M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is XAIR revenue growing?
    Beyond Air Inc.'s revenue changed +107.3% in fiscal 2026, to $7.68M. Its compound annual growth rate was +54.5% over 5 years.
  • What is XAIR gross margin?
    Beyond Air Inc.'s gross profit was $321.0K on $7.69M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 4.2%.
  • What is XAIR free cash flow?
    Beyond Air Inc. generated -$19.60M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$18.56M less capital expenditures.
  • When did XAIR last report financial results?
    The latest statements here come from Beyond Air Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this XAIR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Beyond Air Inc. files with the SEC. It is provided for information only and is not investment advice.