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Stocks · Health care · Surgical & Medical Instruments & Apparatus

Beyond Air, Inc.

XAIR Clue Score61
United States Fiscal year ends March CIK 0001641631
$2.25 -2.60% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.25 −79.56% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Sep 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Operating income−11.1Net income−18.0EPS, diluted−3.01Fiscal year 2018Operating income9.9Net income−10.7Fiscal year 2019Revenue7.7Operating income−3.1Net income−6.6EPS, diluted−0.77Fiscal year 2020Revenue1.4 −82.0%Operating income−18.1Net income−19.9Fiscal year 2021Revenue0.9 −37.2%Operating income−22.2Net income−22.9Fiscal year 2022Operating income−40.7Net income−43.2Fiscal year 2023Operating income−52.1Net income−55.8EPS, diluted−1.86Fiscal year 2024Revenue1.2Operating income−63.0Net income−60.2EPS, diluted−1.82Fiscal year 2025Revenue3.7 +219.7%Operating income−44.5Net income−46.6EPS, diluted−13.77Fiscal year 2026Revenue7.7 +107.3%Operating income−29.0Net income−33.2EPS, diluted−4.01
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue n/a n/a 7.7 1.4 0.9 n/a n/a 1.2 3.7 7.7
Growth −82.0% −37.2% +219.7% +107.3%
Operating income −11.1 9.9 −3.1 −18.1 −22.2 −40.7 −52.1 −63.0 −44.5 −29.0
Net income −18.0 −10.7 −6.6 −19.9 −22.9 −43.2 −55.8 −60.2 −46.6 −33.2
Growth
EPS, diluted −3.01 n/a −0.77 n/a n/a n/a −1.86 −1.82 −13.77 −4.01

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Fiscal year 2018Fiscal year 2019Operating margin−39.6%Net margin−84.9%Free cash flow margin16.6%Fiscal year 2020Operating margin−1,305.1%Net margin−1,434.6%Free cash flow margin−1,100.2%Fiscal year 2021Operating margin−2,544.6%Net margin−2,620.3%Free cash flow margin−2,351.5%Fiscal year 2022Fiscal year 2023Fiscal year 2024Gross margin−112.8%Operating margin−5,436.2%Net margin−5,197.8%Free cash flow margin−5,328.6%Fiscal year 2025Gross margin−44.9%Operating margin−1,202.1%Net margin−1,258.4%Free cash flow margin−1,190.3%Fiscal year 2026Gross margin3.3%Operating margin−378.2%Net margin−433.0%Free cash flow margin−249.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin n/a n/a n/a n/a n/a n/a n/a −112.8% −44.9% 3.3%
Operating margin n/a n/a −39.6% −1,305.1% −2,544.6% n/a n/a −5,436.2% −1,202.1% −378.2%
Net margin n/a n/a −84.9% −1,434.6% −2,620.3% n/a n/a −5,197.8% −1,258.4% −433.0%
Free cash flow margin n/a n/a 16.6% −1,100.2% −2,351.5% n/a n/a −5,328.6% −1,190.3% −249.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−7.1Capital expenditure−0.2Free cash flow−7.4Buybacks−0.0Fiscal year 2018Operating cash flow−8.7Capital expenditure−0.2Free cash flow−8.9Fiscal year 2019Operating cash flow1.3Capital expenditure−0.1Free cash flow1.3Fiscal year 2020Operating cash flow−15.3Capital expenditure−0.0Free cash flow−15.3 −1,290.6%Fiscal year 2021Operating cash flow−19.6Capital expenditure−0.9Free cash flow−20.5Fiscal year 2022Operating cash flow−23.1Capital expenditure−1.4Free cash flow−24.5Fiscal year 2023Operating cash flow−33.0Capital expenditure−3.9Free cash flow−36.9Fiscal year 2024Operating cash flow−56.0Capital expenditure−5.7Free cash flow−61.8Fiscal year 2025Operating cash flow−38.2Capital expenditure−5.9Free cash flow−44.1Fiscal year 2026Operating cash flow−18.1Capital expenditure−1.0Free cash flow−19.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −7.1 −8.7 1.3 −15.3 −19.6 −23.1 −33.0 −56.0 −38.2 −18.1
Capital expenditure −0.2 −0.2 −0.1 −0.0 −0.9 −1.4 −3.9 −5.7 −5.9 −1.0
Free cash flow −7.4 −8.9 1.3 −15.3 −20.5 −24.5 −36.9 −61.8 −44.1 −19.2
Growth −1,290.6%
Buybacks −0.0 n/a n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1.2Shareholders’ equity−8.4Fiscal year 2018Cash0.7Shareholders’ equity1.5Fiscal year 2019Cash1.3Shareholders’ equity4.0Fiscal year 2020Cash19.8Shareholders’ equity18.1Fiscal year 2021Cash34.6Total debt5.0Net cash (debt)29.6Shareholders’ equity30.5Debt to equity0.16Fiscal year 2022Cash80.2Total debt0.2Net cash (debt)80.0Shareholders’ equity72.7Debt to equity0.00Fiscal year 2023Cash29.2Total debt0.2Net cash (debt)29.0Shareholders’ equity37.9Debt to equity0.01Fiscal year 2024Cash11.4Total debt17.5Net cash (debt)−6.1Shareholders’ equity25.0Debt to equity0.70Fiscal year 2025Cash4.7Shareholders’ equity13.6Fiscal year 2026Cash6.7Shareholders’ equity6.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1.2 0.7 1.3 19.8 34.6 80.2 29.2 11.4 4.7 6.7
Total debt n/a n/a n/a n/a 5.0 0.2 0.2 17.5 n/a n/a
Net cash (debt) n/a n/a n/a n/a 29.6 80.0 29.0 −6.1 n/a n/a
Shareholders’ equity −8.4 1.5 4.0 18.1 30.5 72.7 37.9 25.0 13.6 6.1
Debt to equity n/a n/a n/a n/a 0.16 0.00 0.01 0.70 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023† 31 Mar 2023 FY2024 31 Mar 2024 FY2025† 31 Mar 2025 FY2026† 31 Mar 2026
Revenue and profit
n/a n/a n/a 7.7 1.4 0.9 n/a n/a 1.2 3.7 7.7
Growth −82.0% −37.2% +219.7% +107.3%
n/a n/a n/a n/a n/a n/a n/a 0.6 2.5 5.4 7.4
n/a n/a n/a n/a n/a n/a n/a −0.6 −1.3 −1.7 0.3
Growth
0.7 4.4 4.6 3.9 10.6 12.6 11.8 16.8 24.4 16.9 10.2
1.0 6.6 5.3 6.9 8.9 10.5 18.4 34.7 37.3 26.0 19.1
−2.3 −11.1 9.9 −3.1 −18.1 −22.2 −40.7 −52.1 −63.0 −44.5 −29.0
Growth −130.8%
−3.7 −18.0 n/a −6.6 −20.1 −22.9 −44.1 −59.4 −64.3 −48.5 −34.3
0.0 n/a n/a n/a −0.2 n/a n/a n/a n/a n/a n/a
−3.7 −18.0 −10.7 −6.6 −19.9 −22.9 −43.2 −55.8 −60.2 −46.6 −33.2
Growth
Per share
−2.69 −3.01 n/a −0.77 n/a −1.27 −1.68 −1.86 −1.82 −13.77 −4.01
−2.69 −3.01 n/a −0.77 n/a n/a n/a −1.86 −1.82 −13.77 −4.01
Growth
1.4 6.0 n/a 8.5 n/a 18,005 25.7 30.0 33.2 3.4 8.3
1.4 6.0 n/a 8.5 n/a n/a n/a 30.0 33.2 3.4 8.3
Growth +314.4% +10.6% −89.8% +145.2%

† The diluted share count jumps at 2017 and 2023 and 2025 and 2026, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 0.1% a year over five years.
  • Operating margin is down 338.6 points on five years ago, at -378.2%.
  • A net loss in 11 of 11 years on file.