XAIR

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Beyond Air, Inc.

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Key Metrics

Previous Close: $5.21
52-Week Range: $5.01 – $95.60
Market Cap: $4.94M
P/E (TTM): 0.02
EPS (TTM): 313.20
Dividend Yield: —

Advanced Metrics

Price/Book: 0.50
PEG Ratio: —
Return on Equity: -519.51%
Return on Assets: -57.45%
Gross Margin: 4.18%
Operating Margin: -373.98%
Profit Margin: 0.00%
Current Ratio: 3.31
Debt/Equity: 8.31
Total Debt: $23.60M
Free Cash Flow: $-12.94M
Revenue Growth: 0.50%
Earnings Growth: —
Enterprise Value: $19.62M

XAIR Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$0.00	$1.16M	$3.71M	$7.68M
Cost of Revenue	$555.00K	$2.47M	$5.37M	$7.43M
Gross Profit	-$555.00K	-$1.31M	-$1.66M	$252.00K
Research & Development	$16.81M	$24.36M	$16.86M	$10.24M
Selling, General & Admin	$34.69M	$37.34M	$26.02M	$19.05M
Operating Expenses	$51.50M	$61.70M	$42.87M	$29.30M
Operating Income	-$52.06M	-$63.01M	-$44.54M	-$29.04M
EBITDA	-$58.20M	-$59.03M	-$41.89M	-$27.17M
Pretax Income	-$59.40M	-$64.30M	-$48.48M	-$34.33M
Income Tax	$0.00	$0.00	$0.00	$0.00
Net Income	-$55.82M	-$60.24M	-$46.63M	-$33.25M
Diluted EPS	-744.00	-728.00	-276.00	-80.20
Diluted Shares	74934	82900	169266	415045

XAIR Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$29.16M	$11.38M	$4.67M	$6.74M
Receivables	$651.00K	$548.00K	$860.00K	$1.19M
Inventory	$1.13M	$2.13M	$2.42M	$1.41M
Current Assets	$59.41M	$43.94M	$16.02M	$24.77M
Total Assets	$68.75M	$56.96M	$30.06M	$35.38M
Current Liabilities	$19.78M	$11.57M	$5.00M	$6.51M
Long-Term Debt	$120.00K	$14.72M	$9.20M	$21.64M
Total Debt	$3.59M	$17.84M	$11.69M	$23.38M
Total Liabilities	$26.72M	$29.77M	$15.72M	$29.18M
Retained Earnings	-$179.46M	-$239.70M	-$286.32M	-$319.57M
Shareholders' Equity	$37.91M	$25.05M	$13.58M	$6.13M
Working Capital	$39.63M	$32.37M	$11.02M	$18.26M
Net Debt	—	$4.14M	$5.14M	$15.30M

XAIR Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	-$33.01M	-$56.01M	-$38.22M	-$18.14M
Capital Expenditure	-$3.88M	-$5.75M	-$5.88M	-$1.02M
Free Cash Flow	-$36.89M	-$61.76M	-$44.10M	-$19.17M
Depreciation & Amortisation	$1.17M	$2.35M	$3.57M	$3.65M
Stock-Based Compensation	$19.56M	$21.34M	$9.15M	$5.28M
Investing Cash Flow	-$20.59M	-$12.23M	$14.90M	-$3.67M
Financing Cash Flow	$2.70M	$43.17M	$16.65M	$29.09M
Net Change in Cash	-$50.90M	-$25.08M	-$6.67M	$7.27M

XAIR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.15M	$1.76M	$1.82M	$2.19M	$1.91M
Cost of Revenue	$1.18M	$1.60M	$2.12M	$1.89M	$1.81M
Gross Profit	-$32.00K	$156.00K	-$298.00K	$300.00K	$94.00K
Research & Development	$3.26M	$3.09M	$2.45M	$2.43M	$2.28M
Selling, General & Admin	$3.88M	$4.69M	$4.91M	$4.47M	$4.99M
Operating Expenses	$7.14M	$7.77M	$7.36M	$6.90M	$7.26M
Operating Income	-$7.17M	-$7.62M	-$7.66M	-$6.60M	-$7.17M
EBITDA	-$6.54M	-$6.60M	-$6.70M	-$5.65M	-$8.21M
Pretax Income	-$8.06M	-$8.08M	-$8.26M	-$7.63M	-$10.37M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$8.03M	-$7.69M	-$7.94M	-$7.34M	-$10.28M
Diluted EPS	-36.00	-30.60	-25.00	-17.00	-15.40
Diluted Shares	224948	250746	317828	430843	664400

XAIR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$4.67M	$4.98M	$9.70M	$6.64M	$6.74M
Receivables	$860.00K	$1.02M	$970.00K	$1.26M	$1.19M
Inventory	$2.42M	$2.43M	$2.23M	$1.76M	$1.41M
Current Assets	$16.02M	$14.99M	$18.59M	$25.56M	$24.77M
Total Assets	$30.06M	$28.11M	$30.96M	$36.77M	$35.38M
Current Liabilities	$5.00M	$4.63M	$4.38M	$4.99M	$6.51M
Long-Term Debt	$9.20M	$11.64M	$12.17M	$21.97M	$21.64M
Total Debt	$11.69M	$13.71M	$13.88M	$23.59M	$23.38M
Total Liabilities	$15.72M	$17.71M	$17.87M	$28.49M	$29.18M
Retained Earnings	-$286.32M	-$294.01M	-$301.95M	-$309.29M	-$319.57M
Shareholders' Equity	$13.58M	$9.93M	$12.73M	$8.11M	$6.13M
Working Capital	$11.02M	$10.36M	$14.20M	$20.57M	$18.26M
Net Debt	$5.14M	$6.90M	$2.47M	$15.33M	$15.30M

XAIR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$6.96M	-$4.53M	-$4.45M	-$4.22M	-$4.95M
Capital Expenditure	-$1.50M	-$198.00K	-$246.00K	-$34.00K	-$547.00K
Free Cash Flow	-$8.46M	-$4.72M	-$4.70M	-$4.25M	-$5.49M
Depreciation & Amortisation	$939.00K	$926.00K	$916.00K	$892.00K	$915.00K
Stock-Based Compensation	$158.00K	$1.58M	$1.77M	$1.50M	$427.00K
Investing Cash Flow	$2.58M	$576.00K	$240.00K	-$4.04M	-$447.00K
Financing Cash Flow	$4.50M	$4.07M	$8.92M	$11.21M	$4.90M
Net Change in Cash	$124.00K	$116.00K	$4.71M	$2.94M	-$492.00K

Market Snapshot

About

Beyond Air, Inc. is a clinical-stage medical device and pharmaceutical company developing innovative nitric oxide (NO) delivery systems for respiratory and other diseases. The company's lead product, LungFit, delivers precisely metered doses of nitric oxide for the treatment of conditions including persistent pulmonary hypertension of the newborn and bronchiolitis. Beyond Air is focused on leveraging the therapeutic benefits of nitric oxide to address unmet medical needs.