Beyond Air, Inc. (XAIR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Beyond Air, Inc. (XAIR) stock price & volume — 10-year historical chart
Beyond Air, Inc. (XAIR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Beyond Air, Inc. (XAIR) competitors in Respiratory and sleep therapy devices — business model, growth, and fundamentals comparison
Beyond Air, Inc. (XAIR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Beyond Air, Inc. (XAIR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 7.72M | 1.39M | 873K | 0 | 0 | 1.16M | 3.71M | 6.92M |
| Revenue Growth % | - | - | - | -82% | -37.2% | -100% | - | - | 219.67% | 129.04% |
| Cost of Goods Sold | 0 | 38K | 0 | 0 | 0 | 0 | 555K | 2.47M | 5.37M | 6.8M |
| COGS % of Revenue | - | - | - | - | - | - | - | 212.77% | 144.89% | - |
| Gross Profit | 0▲ 0% | -38K▲ 0% | 7.72M▲ 20426.3% | 1.39M▼ 82.0% | 873K▼ 37.2% | 0▼ 100.0% | -555K▲ 0% | -1.31M▼ 135.5% | -1.66M▼ 27.2% | 126K▲ 0% |
| Gross Margin % | - | - | 100% | 100% | 100% | - | - | -112.77% | -44.89% | 1.82% |
| Gross Profit Growth % | - | - | 20426.32% | -82% | -37.2% | -100% | - | -135.5% | -27.24% | - |
| Operating Expenses | 2.33M | 11.07M | 10.78M | 19.53M | 23.09M | 40.71M | 51.5M | 61.7M | 42.87M | 29.17M |
| OpEx % of Revenue | - | - | 139.6% | 1405.08% | 2644.56% | - | - | 5323.47% | 1157.19% | - |
| Selling, General & Admin | 1.66M | 6.63M | 6.85M | 8.88M | 10.47M | 18.41M | 34.69M | 37.34M | 26.02M | 17.95M |
| SG&A % of Revenue | - | - | 88.72% | 639.03% | 1199.08% | - | - | 3221.48% | 702.21% | - |
| Research & Development | 673K | 4.44M | 3.93M | 10.65M | 12.62M | 11.8M | 16.81M | 24.36M | 16.86M | 11.22M |
| R&D % of Revenue | - | - | 50.87% | 766.05% | 1445.36% | - | - | 2102.07% | 454.98% | - |
| Other Operating Expenses | 0 | 0 | -3.03K | 0 | 1K | 10.5M | 0 | -1K | 0 | 0 |
| Operating Income | -2.33M▲ 0% | -11.07M▼ 374.4% | -3.06M▲ 72.4% | -18.14M▼ 493.2% | -22.21M▼ 22.4% | -40.71M▼ 83.3% | -52.06M▼ 27.9% | -63.01M▼ 21.0% | -44.54M▲ 29.3% | -29.05M▲ 0% |
| Operating Margin % | - | - | -39.6% | -1305.08% | -2544.56% | - | - | -5436.24% | -1202.08% | -419.53% |
| Operating Income Growth % | -7866.26% | -374.37% | 72.36% | -493.16% | -22.45% | -83.26% | -27.88% | -21.03% | 29.31% | - |
| EBITDA | -2.31M | -11.03M | -2.99M | -17.98M | -22M | -40.12M | -50.89M | -60.65M | -40.97M | -25.47M |
| EBITDA Margin % | - | - | -38.76% | -1293.61% | -2520.39% | - | - | -5233.3% | -1105.7% | -367.87% |
| EBITDA Growth % | -70137.37% | -377.86% | 72.86% | -500.67% | -22.36% | -82.35% | -26.84% | -19.19% | 32.46% | 45.38% |
| D&A (Non-Cash Add-back) | 25K | 38K | 64.79K | 159.4K | 211K | 588K | 1.17M | 2.35M | 3.57M | 3.58M |
| EBIT | -1.71M | -16.95M | -6.56M | -20.07M | -22.23M | -43.28M | -59.37M | -61.38M | -45.46M | -29.23M |
| Net Interest Income | 0 | 0 | -1.51K | -30.54K | -642K | -775K | -30K | -2.91M | -3.02M | -2.85M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 286K | 1.06M | 1.51K | 30.54K | 642K | 775K | 30K | 2.91M | 3.02M | 2.85M |
| Other Income/Expense | -1.36M | -6.98M | -3.5M | -1.95M | -661K | -3.35M | -7.34M | -1.29M | -3.94M | -2.98M |
| Pretax Income | -3.69M▲ 0% | -18.04M▼ 388.6% | -6.56M▲ 63.7% | -20.1M▼ 206.4% | -22.88M▼ 13.8% | -44.06M▼ 92.6% | -59.4M▼ 34.8% | -64.3M▼ 8.2% | -48.48M▲ 24.6% | -32.03M▲ 0% |
| Pretax Margin % | - | - | -84.91% | -1445.71% | -2620.27% | - | - | -5547.45% | -1308.47% | -462.58% |
| Income Tax | 27K | 0 | -1.53K | -154.3K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.73% | 0% | 0.02% | 0.77% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -3.72M▲ 0% | -18.04M▼ 385.1% | -6.56M▲ 63.7% | -19.94M▼ 204.1% | -22.88M▼ 14.7% | -43.18M▼ 88.8% | -55.82M▼ 29.3% | -60.24M▼ 7.9% | -46.63M▲ 22.6% | -31M▲ 0% |
| Net Margin % | - | - | -84.91% | -1434.61% | -2620.27% | - | - | -5197.76% | -1258.43% | -447.73% |
| Net Income Growth % | -12405.04% | -385.05% | 63.65% | -204.07% | -14.7% | -88.75% | -29.27% | -7.93% | 22.6% | 40.72% |
| Net Income (Continuing) | -3.72M | -18.04M | -6.56M | -19.94M | -22.88M | -44.06M | -59.4M | -64.3M | -48.48M | -32.03M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 5.5M | 4.11M | 2.14M | 758K | 175K |
| EPS (Diluted) | -1.29▲ 0% | -60.20▼ 4584.8% | -15.43▲ 74.4% | -35.57▼ 130.5% | -25.41▲ 28.6% | -33.64▼ 32.4% | -37.24▼ 10.7% | -36.33▲ 2.4% | -13.77▲ 62.1% | -3.60▲ 0% |
| EPS Growth % | -12375.73% | -4584.82% | 74.36% | -130.46% | 28.56% | -32.39% | -10.7% | 2.44% | 62.1% | 74.3% |
| EPS (Basic) | -1.29 | -60.20 | -15.43 | -35.57 | -25.41 | -33.64 | -37.24 | -36.33 | -13.77 | - |
| Diluted Shares Outstanding | 2.9M | 300.1K | 424.93K | 575.31K | 900.26K | 1.28M | 1.5M | 1.66M | 3.39M | 8.62M |
| Basic Shares Outstanding | 2.9M | 300.1K | 424.93K | 575.31K | 900.26K | 1.28M | 1.5M | 1.66M | 3.39M | 8.62M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Beyond Air, Inc. (XAIR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 85K | 9.1M | 8.69M | 26.61M | 37.22M | 92.94M | 59.41M | 43.94M | 16.02M | 25.56M |
| Cash & Short-Term Investments | 7K | 9.04M | 7.88M | 19.83M | 34.63M | 80.24M | 45.88M | 34.47M | 6.92M | 17.85M |
| Cash Only | 7K | 732.54K | 1.34M | 19.83M | 34.63M | 80.24M | 29.16M | 11.38M | 4.67M | 12.83M |
| Short-Term Investments | 0 | 8.3M | 6.54M | 0 | 0 | 0 | 16.72M | 23.09M | 2.25M | 5.02M |
| Accounts Receivable | 78K | 0 | 0 | 0 | 425K | 604K | 651K | 548K | 860K | 1.26M |
| Days Sales Outstanding | - | - | - | - | 177.69 | - | - | 172.58 | 84.72 | 53.16 |
| Inventory | -26 | 0 | 638.94K | 6.53M | 1.88M | 350K | 1.13M | 2.13M | 2.42M | 1.76M |
| Days Inventory Outstanding | - | - | - | - | - | - | 742.5 | 314.82 | 164.35 | 118.66 |
| Other Current Assets | 0 | 5.69K | 388.89K | -503.31K | -930K | 10.5M | 7.95M | 507K | 434K | 4.7M |
| Total Non-Current Assets | 151K | 253.18K | 739.87K | 819.83K | 3.3M | 6.25M | 9.34M | 13.03M | 14.04M | 11.21M |
| Property, Plant & Equipment | 61K | 253.18K | 244.87K | 407.06K | 2.79M | 4.21M | 7.5M | 11.48M | 12.72M | 9.97M |
| Fixed Asset Turnover | - | - | 31.54x | 3.41x | 0.31x | - | - | 0.10x | 0.29x | 0.61x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 495K | 412.76K | 375K | 1.84M | 1.63M | 1.43M | 1.22M | 1.07M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 90K | 0 | 0 | 0 | 138K | 207K | 212K | 113K | 103K | 696K |
| Total Assets | 236K▲ 0% | 9.36M▲ 3864.0% | 9.43M▲ 0.8% | 27.43M▲ 191.0% | 40.52M▲ 47.7% | 99.2M▲ 144.8% | 68.75M▼ 30.7% | 56.96M▼ 17.1% | 30.06M▼ 47.2% | 36.77M▲ 0% |
| Asset Turnover | - | - | 0.82x | 0.05x | 0.02x | - | - | 0.02x | 0.12x | 0.22x |
| Asset Growth % | 3870.39% | 3864.01% | 0.78% | 190.99% | 47.71% | 144.78% | -30.7% | -17.15% | -47.22% | -120.65% |
| Total Current Liabilities | 2.04M | 2.13M | 5.4M | 4.87M | 3.8M | 10.71M | 19.78M | 11.57M | 5M | 4.99M |
| Accounts Payable | 528K | 842.04K | 1.16M | 2.26M | 1.32M | 1.13M | 2.02M | 1.95M | 1.95M | 2.2M |
| Days Payables Outstanding | - | 8.09K | - | - | - | - | 1.33K | 288.33 | 132.59 | 98.11 |
| Short-Term Debt | 418K | 33.12K | 263.6K | 335.36K | 557K | 927K | 775K | 800K | 609K | 386K |
| Deferred Revenue (Current) | 1.06M | 0 | 2.26M | 873.19K | 0 | 8.37M | 16.61M | 138K | 0 | 1.76M |
| Other Current Liabilities | 0 | 154.3K | 240.62K | 1.27M | 0 | -408K | -986K | 755K | 223K | 1.18M |
| Current Ratio | 0.04x | 4.27x | 1.61x | 5.46x | 9.80x | 8.68x | 3.00x | 3.80x | 3.20x | 3.20x |
| Quick Ratio | 0.04x | 4.27x | 1.49x | 4.12x | 9.30x | 8.64x | 2.95x | 3.61x | 2.72x | 2.72x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | 199.07 | 116.48 | 73.71 |
| Total Non-Current Liabilities | 2.9M | 5.68M | 0 | 4.47M | 6.26M | 10.28M | 6.94M | 18.21M | 10.72M | 23.5M |
| Long-Term Debt | 2.9M | 0 | 0 | 4.34M | 4.47M | 200K | 120K | 14.72M | 9.2M | 23.2M |
| Capital Lease Obligations | 0 | 0 | 0 | 131.58K | 1.79M | 2.08M | 2.32M | 1.9M | 1.49M | 5.44M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 5.68M | 0 | 0 | 1K | 8M | 4.5M | 1.59M | 38K | 1.22M |
| Total Liabilities | 4.93M | 7.81M | 5.4M | 9.34M | 10.06M | 20.99M | 26.72M | 29.77M | 15.72M | 28.49M |
| Total Debt | 3.31M | 33.12K | 263.6K | 4.88M | 6.93M | 3.49M | 3.59M | 17.84M | 11.69M | 24.82M |
| Net Debt | 3.31M | -699.42K | -1.08M | -14.95M | -27.7M | -76.75M | -25.57M | 6.46M | 7.02M | 11.99M |
| Debt / Equity | - | 0.02x | 0.07x | 0.27x | 0.23x | 0.04x | 0.09x | 0.66x | 0.82x | 0.82x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.97x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.47x |
| Interest Coverage | -8.16x | -10.44x | -2030.91x | -593.98x | -34.60x | -52.53x | -1735.30x | -21.64x | -14.75x | -10.24x |
| Total Equity | -4.7M▲ 0% | 1.54M▲ 132.9% | 4.02M▲ 160.6% | 18.09M▲ 349.5% | 30.46M▲ 68.4% | 78.21M▲ 156.7% | 42.03M▼ 46.3% | 27.19M▼ 35.3% | 14.34M▼ 47.2% | 8.29M▲ 0% |
| Equity Growth % | -18572.5% | 132.87% | 160.64% | 349.52% | 68.37% | 156.73% | -46.26% | -35.31% | -47.25% | -198.67% |
| Book Value per Share | -1.62 | 5.15 | 9.47 | 31.45 | 33.84 | 60.94 | 28.04 | 16.40 | 4.24 | 0.96 |
| Total Shareholders' Equity | -4.7M | 1.54M | 4.02M | 18.09M | 30.46M | 72.7M | 37.91M | 25.05M | 13.58M | 8.11M |
| Common Stock | 1K | 840 | 871 | 1.61K | 2K | 3K | 3K | 5K | 8K | 1K |
| Retained Earnings | -13.57M | -30.57M | -37.64M | -57.59M | -80.46M | -123.64M | -179.46M | -239.7M | -286.32M | -309.29M |
| Treasury Stock | 0 | -25K | -25K | -25K | -25K | -25K | -25K | -25K | -25K | -25K |
| Accumulated OCI | 0 | -2.99K | 0 | 0 | 0 | 96K | 53K | -15K | -60K | 110K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 5.5M | 4.11M | 2.14M | 758K | 175K |
Beyond Air, Inc. (XAIR) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -692K | -7.12M | 1.34M | -15.25M | -19.64M | -23.13M | -33.01M | -56.02M | -38.22M | -38.22M |
| Operating CF Margin % | - | - | 17.36% | -1097.04% | -2249.6% | - | - | -4833.05% | -1031.53% | - |
| Operating CF Growth % | -2313% | -928.76% | 118.84% | -1237.17% | -28.78% | -17.8% | -42.69% | -69.7% | 31.77% | 202.75% |
| Net Income | -3.72M | -18.04M | -6.56M | -19.94M | -22.88M | -43.18M | -59.4M | -60.24M | -48.48M | -31M |
| Depreciation & Amortization | 25K | 38K | 64.79K | 159.4K | 211K | 588K | 1.17M | 2.35M | 3.57M | 3.52M |
| Stock-Based Compensation | 365K | 4.38M | 2.4M | 3.58M | 4.89M | 0 | 19.56M | 0 | 9.15M | 5.01M |
| Deferred Taxes | 5K | 5.41M | 3.5M | 2.08M | 37K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.66M | 6.97M | -197.01K | 9.85K | -703K | 7.62M | 271K | 17.91M | 3.7M | 3.1M |
| Working Capital Changes | 980K | -464K | 2.13M | -1.13M | -1.2M | 11.84M | 5.39M | -16.04M | -6.15M | 244K |
| Change in Receivables | -67K | -31K | 0 | 0 | 0 | 103K | -98K | 101K | -390K | -512K |
| Change in Inventory | 291K | 0 | 0 | 0 | 0 | 0 | -781K | -998K | -466K | 1.04M |
| Change in Payables | 404K | 141K | 322.63K | 1.09M | -967.75K | -327K | 838K | -467K | 399K | 668K |
| Cash from Investing | 14K | -1.15M | -1.79M | 4.42M | -890K | -1.45M | -20.59M | -12.23M | 14.9M | -646K |
| Capital Expenditures | 0 | -244K | -56.48K | -43.63K | -890K | -1.38M | -3.88M | -5.75M | -5.88M | -1.98M |
| CapEx % of Revenue | - | - | 0.73% | 3.14% | 101.95% | - | - | 495.69% | 158.79% | - |
| Acquisitions | 0 | 0 | 0 | -4.47M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 14K | -301K | -1.74M | 4.47M | 0 | -70K | 1K | 0 | 10K | 0 |
| Cash from Financing | 556K | 9.46M | 1.07M | 34.93M | 30.33M | 79.45M | 2.7M | 43.17M | 16.65M | 28.69M |
| Debt Issued (Net) | 184K | -403K | 263.6K | 5.07M | 221K | 371K | -1.01M | 14.98M | -6.73M | 13.02M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3.2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -25K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 372K | 1K | 807.89K | -70.62K | 6.67M | 35K | 0 | 0 | 365K | 365K |
| Net Change in Cash | -122K▲ 0% | 1.19M▲ 1078.7% | 618.9K▼ 48.2% | 24.11M▲ 3795.3% | 9.8M▼ 59.3% | 54.96M▲ 460.7% | -50.94M▼ 192.7% | -27.68M▲ 45.7% | -6.71M▲ 75.8% | 8M▲ 0% |
| Free Cash Flow | -692K▲ 0% | -7.36M▼ 964.0% | 1.28M▲ 117.4% | -15.29M▼ 1290.6% | -20.53M▼ 34.2% | -24.51M▼ 19.4% | -36.89M▼ 50.5% | -61.76M▼ 67.4% | -44.1M▲ 28.6% | -22.13M▲ 0% |
| FCF Margin % | - | - | 16.63% | -1100.18% | -2351.55% | - | - | -5328.73% | -1190.31% | -319.63% |
| FCF Growth % | -1839.57% | -964.02% | 117.45% | -1290.56% | -34.23% | -19.41% | -50.47% | -67.43% | 28.59% | 54.18% |
| FCF per Share | -0.24 | -24.53 | 3.02 | -26.58 | -22.80 | -19.10 | -24.61 | -37.25 | -13.03 | -13.03 |
| FCF Conversion (FCF/Net Income) | 0.19x | 0.39x | -0.20x | 0.76x | 0.86x | 0.54x | 0.59x | 0.93x | 0.82x | 0.71x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 36K | 0 | 1.2M | 181K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Beyond Air, Inc. (XAIR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -1168.5% | -235.53% | -180.33% | -94.22% | -79.46% | -92.84% | -174.07% | -224.55% | -374.14% |
| Return on Invested Capital (ROIC) | - | - | -120.95% | -447.08% | -564.62% | -1448.07% | -435.86% | -188.61% | -121.44% | -121.44% |
| Gross Margin | - | - | 100% | 100% | 100% | - | - | -112.77% | -44.89% | 1.82% |
| Net Margin | - | - | -84.91% | -1434.61% | -2620.27% | - | - | -5197.76% | -1258.43% | -447.73% |
| Debt / Equity | - | 0.02x | 0.07x | 0.27x | 0.23x | 0.04x | 0.09x | 0.66x | 0.82x | 0.82x |
| Interest Coverage | -8.16x | -10.44x | -2030.91x | -593.98x | -34.60x | -52.53x | -1735.30x | -21.64x | -14.75x | -10.24x |
| FCF Conversion | 0.19x | 0.39x | -0.20x | 0.76x | 0.86x | 0.54x | 0.59x | 0.93x | 0.82x | 0.71x |
| Revenue Growth | - | - | - | -82% | -37.2% | -100% | - | - | 219.67% | 129.04% |
Beyond Air, Inc. (XAIR) stock FAQ — growth, dividends, profitability & financials explained
Beyond Air, Inc. (XAIR) reported $6.9M in revenue for fiscal year 2025.
Beyond Air, Inc. (XAIR) grew revenue by 219.7% over the past year. This is strong growth.
Beyond Air, Inc. (XAIR) reported a net loss of $31.0M for fiscal year 2025.
Beyond Air, Inc. (XAIR) has a return on equity (ROE) of -224.6%. Negative ROE indicates the company is unprofitable.
Beyond Air, Inc. (XAIR) had negative free cash flow of $22.1M in fiscal year 2025, likely due to heavy capital investments.
Beyond Air, Inc. (XAIR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates