XAIRNasdaqSurgical & Medical Instruments & ApparatusFiscal year ends March 31
Beyond Air, Inc.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.13−0.03 (-1.16%)
Close on Oct 19, 2026
- Market cap
- $1.54M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2026
Gross margin
3.3%
Operating margin
-378.2%+2166.3 pts over 5 years
Net margin
-433.0%+2187.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +107.3% | – | +54.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | -94.2% | -337.4% | |
| Return on assets | – | -67.3% | -101.6% | |
| Current ratio | 7.41 | 9.80 | 3.80 | |
| Interest coverage | – | -34.6× | -8.3× | |
| Inventory turnover | – | – | 3.9× | |
| Capex to revenue | – | 101.9% | 13.3% | |
| Diluted shares | – | 0M | 0M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Beyond Air generated $168.52M from operations and spent $17.91M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$168.52M
Used
$17.91M
Capital expenditure$17.91M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-433.0%
×Asset turnover0.23×
×Equity multiplier3.32×
=Return on equity, FY2026-337.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -433.0% | 0.23× | 3.32× | -337.4% |
| FY2025 | -1258.4% | 0.09× | 2.25× | -241.4% |
| FY2024 | -5197.8% | 0.02× | 2.00× | -191.4% |
| FY2021 | -2620.3% | 0.03× | 1.40× | -94.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$33.25M
- Cash generatingOperating cash flow above zero-$18.14M
- Return on assets improvedROA up on the prior year-81.9% → -110.6%
- Earnings backed by cashOperating cash flow above net income-$18.14M vs -$33.25M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.20 → 3.80
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year-44.89% → 3.28%
- More efficientAsset turnover rose0.07 → 0.26