XAIR · XBRL financial data
Beyond Air financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (XAIR's year ends in late March)
| In millions of dollars | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | †Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 1 | — | — | 1 | 4 | 8 |
| Cost of revenue | — | — | 1 | 2 | 5 | 7 |
| Gross profit | — | — | (1) | (1) | (2) | 0 |
| Research and development | 13 | 12 | 17 | 24 | 17 | 10 |
| Selling, general and administrative | — | — | — | 37 | 26 | 19 |
| General and administrative | 10 | 18 | 35 | 37 | — | — |
| Total operating expenses | — | 41 | 52 | 62 | 43 | 29 |
| Operating income (loss) | (22) | (41) | (52) | (63) | (45) | (29) |
| Interest expense | 1 | 1 | 0 | 3 | 3 | 4 |
| Other income (expense) | — | — | — | (0) | 0 | (0) |
| Net income (loss) | (23) | (43) | (56) | (60) | (47) | (33) |
| Earnings per share, basic USD per share | (1.27) | (1.68) | (1.86) | (1.82) | (0.69) | (4.01) |
| Earnings per share, diluted USD per share | — | — | (1.86) | (1.82) | (0.69) | (4.01) |
| Weighted average shares, basic millions of shares | 18,005 | 25,668 | 30 | 33 | 68 | 8 |
| Weighted average shares, diluted millions of shares | — | — | 30 | 33 | 68 | 8 |
- † Share count changed about 2x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (XAIR's year ends in late March)
| In millions of dollars | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | †Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 35 | 80 | 29 | 11 | 5 | 7 |
| Marketable securities | — | — | 17 | 23 | 2 | 5 |
| Marketable securities, non-current | — | — | 0 | 0 | — | — |
| Accounts receivable | — | — | — | 0 | 1 | 1 |
| Inventory | — | 0 | 1 | 2 | 2 | 1 |
| Prepaid and other current assets | 2 | 2 | 2 | 7 | 6 | 5 |
| Total current assets | 37 | 93 | 59 | 44 | 16 | 25 |
| Property and equipment, net | 1 | 2 | 5 | 9 | 11 | 8 |
| Right-of-use asset | 2 | 2 | 2 | 2 | 2 | 1 |
| Total assets | 41 | 99 | 69 | 57 | 30 | 35 |
| Accounts payable | 1 | 1 | 2 | 2 | 2 | 2 |
| Accrued liabilities | 2 | 8 | 17 | — | — | — |
| Total current liabilities | 4 | 11 | 20 | 12 | 5 | 7 |
| Lease liability, non-current | 2 | 2 | 2 | 2 | 1 | 1 |
| Total liabilities | 10 | 21 | 27 | 30 | 16 | 29 |
| Accumulated deficit | (80) | (124) | (179) | (240) | (286) | (320) |
| Total stockholders' equity | 30 | 73 | 38 | 25 | 14 | 6 |
| Total liabilities and equity | 41 | 99 | 69 | 57 | 30 | 35 |
| Common shares outstanding (cover page) millions of shares | 22 | 30 | 32 | 46 | 93 | 14 |
- † Share count changed about 2x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (XAIR's year ends in late March)
| In millions of dollars | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | †Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|---|---|---|---|
| Net income (loss) | (23) | (43) | (56) | (60) | (47) | (33) |
| Stock-based compensation | 5 | 8 | 20 | 21 | 9 | 5 |
| Depreciation and amortization | 0 | 0 | — | — | — | — |
| Net cash from operating activities | (20) | (23) | (33) | (56) | (38) | (18) |
| Purchases of property and equipment | 1 | 1 | 4 | 6 | 6 | 1 |
| Net cash from investing activities | (1) | (1) | (21) | (12) | 15 | (4) |
| Proceeds from issuing common stock | — | 25 | — | — | 19 | 5 |
| Proceeds from issuing equity | 50 | — | — | — | — | — |
| Net cash from financing activities | 30 | 79 | 3 | 43 | 17 | 29 |
| Net change in cash | 10 | 55 | (51) | (25) | (7) | 7 |
- † Share count changed about 2x in the period ending 2025-03-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3841 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3841 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Beyond Air | 5.5 | 1.8 | (4.9) | 957,631 | 2.0 quarters | 10-QJun 30, 2026 |
| RetinalGenix Technologies | 0 | not reported | (0.1)* | 18.8M | 0.2 quarters | 10-QJun 30, 2026 |
| Harvard Apparatus Regenerative Technology | 0.4 | 0.4 | (0.6)* | 17.6M | 0.6 quarters | 10-QJun 30, 2026 |
| Nexalin Technology | 1 | 0 | (1.8)* | 22.0M | 0.6 quarters | 10-QJun 30, 2026 |
| Iridex | 4.7 | 13 | 0.2* | 17.6M | — | 10-QJul 4, 2026 |
| Biotricity | 0.5 | 4.3 | 0.5 | 19.9M | — | 10-QJun 30, 2026 |
| Encision | 0.1 | 1.5 | (0.1)* | 16.9M | 0.6 quarters | 10-QSep 30, 2025 |
| VASO | 38 | not reported | 17* | 176.0M | — | 10-QJun 30, 2026 |
| Envoy Medical | 20 | 0.1 | (5.5)* | 77.2M | 3.6 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.