tradmap

XAIR Financials Beyond Air, Inc.

11 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 54.5% per year over the past 5 years.
  • Operating margin has expanded, at -378.2% in the latest year.

Financial health

  • Total debt has grown faster than revenue (57.6% vs 54.5% per year).
  • Operating income covered interest expense -8.3× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$60M -$26M $8M $0 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
-5436% -2716% 3% 0% 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Free cash flow (CFO − capex)
-$62M -$30M $1M $0 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $40M $80M 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$56M $12M $79M $0 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2026 $8M -$33M 3.3% -378.2% -$19M $7M
2025 $4M -$47M -44.9% -1202.1% -$44M $5M
2024 $1M -$60M -112.8% -5436.2% -$62M $18M $11M
2023 -$56M -$37M $200000 $29M
2022 -$43M -$25M $200000 $80M
2021 $873000 -$23M 0.0% -2544.6% -$21M $4M $35M
2020 $1M -$20M 0.0% -1305.1% -$15M $20M
2019 $8M -$7M 0.0% -39.6% $1M $1M
2018 -$11M -$9M $732542
2017 -$18M -$7M $1M
2016 -$4M -$690000 $7000

Valuation over time

How the market has priced XAIR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 7.9 15.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is XAIR growing its revenue and profit?

Over the past 5 years, Beyond Air, Inc.'s revenue has grown 54.5% per year. These are computed facts, not advice.

How much debt does XAIR have?

As of FY2026, Beyond Air, Inc. reported — of total debt against $7M of cash; operating income covered interest expense -8.3×.

What is XAIR's profit margin?

In FY2026, gross margin was 3.3%, operating margin -378.2%, and net margin -433.0%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.