Beyond Air, Inc. (XAIR) Income Statement
XAIR FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsXAIR revenue and net income
Where XAIR's revenue goes
FY2026Each bar shows an amount and its share of revenue. XAIR kept −433.0% of revenue as net income.
XAIR profit margins
XAIR growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +107.3% | +406.8% | +54.5% | — |
| Gross profit | — | — | −22.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XAIR quarterly EPS vs estimates
Beyond Air beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 9, 2026.
XAIR income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7M | $3.7M | $1.2M | $59,000 | $145,190 | $873,000 | $1.4M | $7.7M | $0 | $0 |
| Cost of revenue | $7.4M | $5.4M | $2.5M | $555,000 | $588,000 | $0 | $18.1M | $3.1M | $38,000 | — |
| Gross profit | $252,000 | −$1.7M | −$1.3M | −$555,000 | −$588,000 | $873,000 | $1.4M | $7.7M | −$38,000 | — |
| Research & development | $10.2M | $16.9M | $24.4M | $16.8M | $11.8M | $12.6M | $10.6M | $3.9M | $4.4M | $673,000 |
| Sales, general & admin | $19.1M | $26.0M | $37.9M | $34.7M | $18.9M | $10.5M | $8.9M | $6.9M | $6.6M | $29,286 |
| Total operating expenses | $29.3M | $42.9M | $61.7M | $51.5M | $40.7M | $23.1M | $19.5M | $10.8M | $11.1M | $29,286 |
| Operating income | −$29.0M | −$44.5M | −$63.0M | −$52.1M | −$40.7M | −$22.2M | −$18.1M | −$3.1M | −$11.1M | −$29,286 |
| Interest income | — | — | — | — | — | — | $2.0M | $3.5M | — | — |
| Interest expense | $3.5M | $3.0M | $2.9M | $30,000 | $775,000 | $642,000 | $30,543 | $1,506 | $1.1M | $462 |
| Income before taxes | −$34.3M | −$48.5M | −$64.3M | −$59.4M | −$44.1M | −$22.9M | −$20.1M | −$6.6M | −$18.0M | −$29,748 |
| Income taxes | −$1.1M | — | −$4.1M | −$3.6M | −$108,000 | $642,000 | −$154,300 | −$1,528 | −$4.9M | $27,000 |
| Net income | −$33.2M | −$46.6M | −$60.2M | −$55.8M | −$43.2M | −$22.9M | −$19.9M | −$6.6M | −$18.0M | −$29,748 |
| EBITDA | −$30.7M | −$41.9M | −$59.0M | −$58.2M | −$42.7M | −$22.0M | −$19.9M | −$6.5M | −$16.9M | −$4,286 |
| EPS (diluted) | −$4.40 | −$14.09 | −$29.56 | −$24.67 | −$19.93 | −$20.84 | −$29.96 | −$8.35 | −$35.60 | −$36.37 |
| Gross margin | 3.3% | −44.9% | −112.8% | −940.7% | −405.0% | 100.0% | 100.0% | 100.0% | — | — |
| Operating margin | −378.2% | −1,202.1% | −5,436.2% | −88,235.6% | −28,039.1% | −2,544.6% | −1,305.1% | −39.6% | — | — |
| Net margin | −433.0% | −1,258.4% | −5,197.8% | −94,603.4% | −29,738.3% | −2,620.3% | −1,434.6% | −84.9% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.9M | $2.2M | $1.8M | $1.8M | $1.2M | $1.1M | $798,000 | $683,000 | $470,000 | $391,000 | $239,000 |
| Cost of revenue | $1.5M | $1.8M | $1.9M | $2.1M | $1.6M | $1.2M | $1.3M | $1.9M | $1.0M | $983,000 | $748,000 | $432,000 |
| Gross profit | $225,000 | $94,000 | $300,000 | −$298,000 | $156,000 | −$32,000 | −$215,000 | −$1.1M | −$333,000 | −$513,000 | −$357,000 | −$193,000 |
| Research & development | $2.0M | $2.3M | $2.4M | $2.5M | $3.1M | $3.3M | $3.0M | $4.6M | $6.0M | $5.7M | $6.8M | $7.1M |
| Sales, general & admin | $4.9M | $5.0M | $4.5M | $4.9M | $4.7M | $3.9M | $7.7M | $7.2M | $7.2M | $6.4M | $9.8M | $10.2M |
| Total operating expenses | $6.8M | $7.3M | $6.9M | $7.4M | $7.8M | $7.1M | $10.7M | $11.7M | $13.2M | $12.1M | $16.6M | $17.3M |
| Operating income | −$6.6M | −$7.2M | −$6.6M | −$7.7M | −$7.6M | −$7.2M | −$11.0M | −$12.8M | −$13.6M | −$12.6M | −$17.0M | −$17.5M |
| Interest expense | $1.5M | $2.3M | $1.1M | $639,000 | $548,000 | $580,000 | $549,000 | $927,000 | $964,000 | $921,000 | $919,000 | $914,000 |
| Income before taxes | −$8.2M | −$10.4M | −$7.6M | −$8.3M | −$8.1M | −$8.1M | −$13.3M | −$14.0M | −$13.1M | −$14.6M | −$17.3M | −$17.4M |
| Income taxes | — | $1.0M | — | — | −$387,000 | — | −$301,000 | −$671,000 | −$854,000 | −$849,000 | −$1.0M | −$292,000 |
| Net income | −$7.9M | −$10.3M | −$7.3M | −$7.9M | −$7.7M | −$8.0M | −$13.0M | −$13.4M | −$12.2M | −$13.7M | −$16.2M | −$16.2M |
| EBITDA | −$5.5M | −$11.7M | −$5.7M | −$6.7M | −$6.6M | −$6.5M | −$11.9M | −$12.2M | −$11.3M | −$12.9M | −$15.7M | −$16.0M |
| EPS (diluted) | $11.00 | −$0.77 | −$0.85 | −$1.25 | −$1.53 | −$0.09 | −$3.00 | −$5.60 | −$5.40 | −$0.36 | −$10.00 | −$10.20 |
| Gross margin | 12.7% | 4.9% | 13.7% | −16.4% | 8.9% | −2.8% | −20.1% | −135.8% | −48.8% | −109.1% | −91.3% | −80.8% |
| Operating margin | −374.0% | −376.0% | −300.6% | −421.4% | −432.8% | −622.7% | −1,021.6% | −1,608.1% | −1,988.3% | −2,688.1% | −4,338.4% | −7,336.8% |
| Net margin | −448.8% | −539.2% | −334.4% | −436.7% | −437.0% | −697.4% | −1,215.7% | −1,673.9% | −1,786.4% | −2,916.4% | −4,148.3% | −6,786.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XAIR's financial statements (latest annual report filed June 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XAIR financial results
In fiscal year 2026 (ended March 31, 2026), Beyond Air reported revenue of $7.7 million, up 107.3% from the year before. It had a net loss of $33.2 million, a net profit margin of −433.0%. Diluted earnings per share came to −$4.40. Over five years revenue grew at an average rate of 54.5% a year.
See the XAIR stock overview for the latest quote and news, or the XAIR chart for price history and technical indicators.
XAIR income statement FAQ
What is Beyond Air's annual revenue?
Beyond Air reported total revenue of $7.7 million for fiscal year 2026, which ended on March 31, 2026. That was up 107.3% from $3.7 million the previous year.
Is Beyond Air profitable?
No. Beyond Air reported a net loss of $33.2 million in fiscal 2026, a net profit margin of −433.0%; its operating margin was −378.2%.
What is Beyond Air's gross margin?
Beyond Air's gross margin was 3.3% in fiscal 2026: for every $100 of revenue, Beyond Air kept $3 after the direct cost of its products and services.
How much does Beyond Air spend on research and development?
Beyond Air spent $10.2 million on research and development in fiscal 2026, 133.4% of revenue.
How fast is Beyond Air growing?
Revenue grew 54.5% a year on average over the last five fiscal years, from $0.9 million to $7.7 million.
What are Beyond Air's earnings per share?
Beyond Air earned $-4.40 per diluted share in fiscal 2026, compared with $-14.09 a year earlier.
When will Beyond Air report its next earnings?
Beyond Air is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does Beyond Air's fiscal year end?
Beyond Air's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 26, 2026.