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Beyond Air, Inc.

XAIR

$3.03 ▼ -0.12 (-3.81%) at close

12 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Beyond Air, Inc. faces fundamental challenges. The fundamentals warrant careful consideration of downside risks.

Market Cap $25.2M

Dividend Yield —

Revenue Growth 107.3% ↘

Op. Margin -378.2%

ROIC -374.5% ↘

FCF / Share $-2.31 ↗

Trailing P/E —

Price / Book 5.8x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.68M

↑ +107.3% —

Net Income Profit after all expenses

$-33.25M

↑ +28.7% —

Operating Margin Operating profit as % of sales

-378.2%

↓ -855.2% 0th

FCF / Share Free cash flow per share

$-2.31

↑ +82.3% —

Long-Term Debt Long-term obligations

$17.50M

↑ +8650.0% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Financial Health ↓

Cash Quality →

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Revenue Growth YoY (%)	107.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1241%)	219.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2646%)	—	—	—	-37.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-565%)	-82.0% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1125%)	—	—	—	—	—
EPS Growth YoY (%)	70.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-656.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.2% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-10.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-32.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—
Net Income Growth YoY (%)	28.7% Excellent ↑ Excellent Improving Year-over-year change in net income	22.6% Good ↑ Good Improving Year-over-year change in net income	-7.9% Weak ↑ Weak Improving Year-over-year change in net income	-29.3% Weak ↑ Weak Improving Year-over-year change in net income	-88.8% Weak ↓ Weak Declining Year-over-year change in net income	-14.7% Weak ↑ Weak Improving Year-over-year change in net income	-204.1% Weak ↓ Weak Declining Year-over-year change in net income	63.7% Excellent Excellent Year-over-year change in net income	-385.1% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	82.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-599.5% Weak ↑ Weak Improving Year-over-year change in free cash flow	-51.3% Weak ↑ Weak Improving Year-over-year change in free cash flow	-128755.8% Weak Weak Year-over-year change in free cash flow	16.2% Good Good Year-over-year change in free cash flow	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	—	—	9.9% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	54.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.7% Excellent Excellent Compound annual revenue growth over 5 years	-31.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Operating Margin (%) (%)	-378.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2622%)	—	—	—	—	—	—	-39.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-364%)	—	—	—	—
Effective Tax Rate (%) (%)	—	—	—	—	—	—	0.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	-433.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3708%)	—	—	—	—	—	—	-84.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-808%)	—	—	—	—
FCF Margin (%) (%)	-249.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	16.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—
FCF / Net Income (x)	0.58x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.57x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.41x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.19x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Return on Invested Capital (%)	-374.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-259.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-117.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-108.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-44.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-57.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-99.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	104.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	39.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-82.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-148.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-110.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-75.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-41.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-54.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-66.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-32.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-118.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	-988.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	—	-240.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1703%)	-147.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1081%)	-59.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-496%)	-75.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-601%)	-110.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-835%)	-162.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1186%)	215.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1336%)	79.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+428%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Debt to Equity (x)	—	—	0.70x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+16%)	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—
Interest Coverage (x)	-68.66x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-37.21x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-21.64x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1735.30x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-52.53x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-34.60x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-593.98x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2030.91x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-743.89x Weak Weak Operating income divided by interest expense Optimal: > 5x	-1.72x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-6.74M	$-4.67M	$6.12M	$-29.16M	$-80.04M	$-34.63M	$-19.83M	$-1.34M	$-1.20M	$-7.00K	$-5.53K	$-900.00
Debt / EBITDA (x)	—	—	-0.29x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Revenue per Share (USD)	$0.93	$1.09	$0.03	—	—	$0.00	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-4.01	$-13.77	$-1.82	$-1.86	$-1.68	$-1.27	—	—	$-3.01	—	—	—
Free Cash Flow per Share (USD)	$-2.31	$-13.03	$-1.86	$-1.23	$-0.00	$-0.00	—	—	$-1.23	—	—	—
Book Value per Share (USD)	$0.52	$3.29	$0.55	$1.23	$2.43	$1.40	$1.13	$0.46	$-1.00	$-2.13	$-0.05	—
Tangible Book Value per Share (USD)	$0.52	$3.29	$0.55	$1.23	$2.43	$1.40	$1.13	$0.46	$-1.00	$-2.13	$-0.05	—
Basic Weighted Avg Shares (shares)	8.30M	3.39M	33.16M	29.97M	25.67B	18.01B	—	—	6.00M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Working Capital (USD)	$18.26M	$11.02M	$32.37M	$39.63M	$82.23M	$33.42M	$21.81M	$3.29M	$6.97M	$-1.95M	$4.81K	—
LT Debt (USD)	—	—	$17.50M	—	$200.00K	—	—	—	—	—	—	—
Total Equity (USD)	$6.13M	$13.58M	$25.05M	$37.91M	$72.70M	$30.46M	$18.09M	$4.02M	$-8.38M	$-4.70M	$-5.30K	—

📋 What is driving earnings? 4 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Apr 28, 2015 10-K ↗
Sales/Revenue/Turnover (USD)	$7.68M	$3.71M	$1.16M	—	—	$873.00K	$1.39M	$7.72M	—	—	—	—
Depreciation Expense (USD)	$3.05M	$3.00M	$1.77M	$634.00K	$314.00K	$173.00K	$77.17K	$64.79K	$38.14K	$25.00K	—	—
Net Income, GAAP (USD)	$-33.25M	$-46.62M	$-60.24M	$-55.82M	$-43.18M	$-22.88M	$-19.94M	$-6.56M	$-18.04M	$-3.72M	—	—
Operating Cash Flow (USD)	$-18.14M	$-38.22M	$-56.01M	$-33.01M	$-23.13M	$-19.64M	$-15.25M	$1.34M	$-7.12M	$-692.00K	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced yesterday 12 years · 44 quarters

Beyond Air, Inc.

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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