Beyond Air, Inc. (XAIR) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2026, Beyond Air reported revenue of $7.7M, up 107.3% from $3.7M the year before. Net income was -$33.2M (a -433.0% net margin), or -$80.20 per diluted share. Gross margin was 3.3% and operating margin was -378.2%. Operating activities generated -$18.1M of cash, leaving -$19.1M of free cash flow. At fiscal year end, Beyond Air held $35.4M in total assets against $29.2M in total liabilities, including $6.7M of cash and equivalents.
Open the full interactive Beyond Air financials → Quarterly statements, key ratios, valuation history and price charts.
Beyond Air Key Stats
| Share Price | $2.19 |
|---|---|
| Market Cap | $1.6M |
| Revenue YoY Growth | +107.3% |
| 52-Week Range | $2.19 – $54.00 |
| Shares Outstanding | 721,328 (basic, 2027 Q1) |
Beyond Air Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $873,190 | — | $50.9M | $1.2M | $3.7M | $7.7M |
| Gross Profit | — | — | -$555,000 | -$1.3M | -$1.7M | $252,000 |
| Operating Income | -$22.2M | -$40.7M | -$52.1M | -$63.0M | -$44.5M | -$29.0M |
| Pre-Tax Income | -$22.9M | -$44.1M | -$59.4M | -$64.3M | -$48.5M | -$34.3M |
| Income Tax | — | -$883,000 | -$3.6M | -$4.1M | -$1.9M | -$1.1M |
| Net Income | -$22.9M | -$43.2M | -$55.8M | -$60.2M | -$46.6M | -$33.2M |
| Diluted EPS | -$508.00 | — | — | -$728.00 | -$276.00 | -$80.20 |
Beyond Air Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $1.8M | $2.2M | $1.9M | $1.8M |
| Net Income | -$7.9M | -$7.3M | -$10.3M | -$7.9M |
| Diluted EPS | -$25.00 | -$17.00 | -$1.24 | -$11.00 |
Beyond Air Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $34.6M | $80.2M | $29.2M | $11.4M | $4.7M | $6.7M |
| Current Assets | $37.2M | $92.9M | $59.4M | $43.9M | $16.0M | $24.8M |
| Total Assets | $40.5M | $99.2M | $68.7M | $57.0M | $30.1M | $35.4M |
| Current Liabilities | $3.8M | $10.7M | $19.8M | $11.6M | $5.0M | $6.5M |
| Total Long-Term Debt | $5.0M | $200,000 | $200,000 | $17.5M | $9.8M | $22.0M |
| Total Liabilities | $10.1M | $21.0M | $26.7M | $29.8M | $15.7M | $29.2M |
| Shareholders' Equity | $30.5M | $72.7M | $37.9M | $25.0M | $13.6M | $6.1M |
Beyond Air Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$19.6M | -$23.1M | -$33.0M | -$56.0M | -$38.2M | -$18.1M |
| Cash From Investing | -$890,407 | -$1.4M | -$20.6M | -$12.2M | $14.9M | -$3.7M |
| Cash From Financing | $30.3M | $79.5M | $2.7M | $43.2M | $16.6M | $29.1M |
| Free Cash Flow | -$20.5M | -$24.5M | -$36.9M | -$61.7M | -$44.1M | -$19.1M |
Figures from Beyond Air's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Beyond Air financials page for every line item.
Beyond Air Company Profile
| Ticker | XAIR |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Garden City, New York |
| Incorporated in | Delaware |
| Fiscal Year End | March 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001641631 |
Frequently Asked Questions
What was Beyond Air's revenue in fiscal 2026?
Beyond Air (XAIR) reported revenue of $7.7M for fiscal 2026.
What is Beyond Air's annual revenue history?
Beyond Air's annual revenue by fiscal year: 2021: $873,190; 2023: $50.9M; 2024: $1.2M; 2025: $3.7M; 2026: $7.7M.
What was Beyond Air's net income in fiscal 2026?
Beyond Air reported net income of -$33.2M for fiscal 2026.
What was Beyond Air's earnings per share (EPS) in fiscal 2026?
Beyond Air's diluted EPS was -$80.20 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Beyond Air generate in fiscal 2026?
Beyond Air generated -$19.1M of free cash flow in fiscal 2026.
What was Beyond Air's revenue last quarter?
In its most recent reported quarter (2027 Q1), Beyond Air reported revenue of $1.8M.
How much debt does Beyond Air have?
Beyond Air reported $22.0M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Beyond Air are outstanding?
Beyond Air reported a weighted average of 721,328 basic shares outstanding in 2027 Q1.
What is Beyond Air's market cap?
Based on its latest closing price, Beyond Air (XAIR) has a market capitalization of about $1.6M.
When does Beyond Air's fiscal year end?
Beyond Air's fiscal year end, as registered with the SEC, is March 31.
Where is Beyond Air headquartered?
Beyond Air lists its business address in Garden City, New York in its SEC filings.
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