Beyond Air, Inc. (XAIR) Key Metrics
XAIR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.1M
- Enterprise value
- $16.7M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.3
- Price / book
- 1.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.21
XAIR key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsXAIR returns How much profit the business earns on the capital it uses.
XAIR financial health Debt, liquidity and how easily interest is covered.
XAIR efficiency & capital use Working capital cycle and where the cash goes.
XAIR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XAIR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XAIR cash returned to shareholders
XAIR key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Share price at fiscal year-end | $13.80 | $109.20 | $696.00 | $2,700.00 | $2,672.00 | $2,200.00 | $3,200.00 | $1,920.00 | $3.00 | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −337.4% | −241.4% | −179.6% | −92.8% | −79.5% | −94.2% | −180.3% | −235.5% | — | — |
| Return on invested capital (ROIC) | −126.7% | −262.9% | −963.3% | −885.2% | −634.5% | −594.7% | — | — | — | −1.6% |
| Return on assets (ROA) | −101.6% | −107.2% | −95.8% | −66.5% | −61.8% | −67.3% | −108.2% | −69.8% | −385.5% | −500.5% |
| Return on tangible assets | −96.7% | −161.7% | −108.5% | −83.2% | −44.3% | −57.0% | −73.8% | −73.4% | −192.9% | −500.5% |
| Free cash flow margin | −249.6% | — | — | — | — | — | — | 16.6% | — | — |
| Financial health | ||||||||||
| Total debt | $23.4M | $11.7M | $17.8M | $5.8M | $9.4M | $6.9M | $4.9M | $263,604 | $33,124 | $2.9M |
| Cash & short-term investments | $11.6M | $6.9M | $34.5M | $45.9M | $80.2M | $34.6M | $19.8M | $7.9M | $9.0M | $5,918 |
| Net debt | $11.7M | $4.8M | −$16.6M | −$40.1M | −$70.8M | −$27.7M | −$15.0M | −$7.6M | −$9.0M | $2.9M |
| Debt / equity | 3.82 | 0.86 | 0.71 | 0.14 | 0.12 | 0.23 | 0.27 | 0.07 | 0.02 | — |
| Debt / assets | 0.66 | 0.39 | 0.31 | 0.08 | 0.09 | 0.17 | 0.18 | 0.03 | 0.00 | 492.09 |
| Current ratio | 3.80 | 3.20 | 3.80 | 3.00 | 8.68 | 9.80 | 5.46 | 1.61 | 4.27 | 0.19 |
| Quick ratio | 3.59 | 2.72 | 3.61 | 2.95 | 8.64 | 9.30 | 4.12 | 1.49 | 4.29 | 0.19 |
| Interest coverage | -8.3 | -14.8 | -21.6 | — | -52.5 | -34.6 | -594.0 | — | -10.4 | -63.4 |
| Working capital | $18.3M | $11.0M | $32.4M | $39.6M | $82.2M | $33.4M | $21.7M | $3.3M | $7.0M | −$25,160 |
| Invested capital | $17.9M | $18.4M | $8.4M | $1.9M | $7.4M | $2.8M | $3.1M | −$3.6M | −$7.5M | $2.9M |
| Tangible asset value | $5.2M | $13.1M | $25.8M | $40.4M | $76.4M | $30.1M | $17.7M | $3.5M | $1.5M | −$25,160 |
| Net current asset value | −$4.4M | $297,000 | $14.2M | $32.7M | $72.0M | $27.2M | $17.3M | $3.3M | $1.3M | −$25,160 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $11.1M | — | $522,478 | — | — | — |
| Share buybacks (net) | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $25,000 | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 0.0% | — | — |
| Capex / revenue | 13.3% | 158.8% | 495.7% | 6,571.2% | 998.0% | 101.9% | 3.1% | 0.7% | — | — |
| Capex / operating cash flow | — | — | — | — | — | — | — | 4.2% | — | — |
| Capex / depreciation | 0.28 | 1.65 | 2.44 | 3.31 | 4.12 | 4.22 | 0.27 | 0.87 | 6.42 | 0.28 |
| Stock-based compensation / revenue | 68.8% | 246.9% | 1,841.0% | 33,149.2% | 5,393.6% | 560.7% | 257.4% | 31.1% | — | — |
| R&D / revenue | 133.4% | 455.0% | 2,102.1% | 28,491.5% | 8,128.7% | 1,445.4% | 766.1% | 50.9% | — | — |
| SG&A / revenue | 248.1% | 702.2% | 3,273.3% | 58,803.4% | 13,022.9% | 1,199.1% | 639.0% | 88.7% | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 48.7 | 69.4 | 188.8 | 3,882.0 | 1,293.4 | 114.8 | 22.6 | 3.7 | — | — |
| Days of inventory on hand | 93.9 | 154.5 | 241.0 | 486.3 | 692.1 | — | 72.1 | 35.0 | -249.9 | — |
| Days payables outstanding | 107.3 | 132.5 | 293.4 | 1,034.2 | 761.7 | — | 34.4 | 119.7 | 4,047.0 | — |
| Cash conversion cycle (days) | 35.4 | 91.3 | 136.4 | 3,334.2 | 1,223.9 | — | 60.3 | -81.0 | — | — |
| Receivables turnover | 7.49 | 5.26 | 1.93 | 0.09 | 0.28 | 3.18 | 16.16 | 98.46 | 0.00 | 0.00 |
| Payables turnover | 3.40 | 2.75 | 1.24 | 0.35 | 0.48 | 0.00 | 10.61 | 3.05 | 0.09 | — |
| Inventory turnover | 3.89 | 2.36 | 1.51 | 0.75 | 0.53 | 0.00 | 5.06 | 10.42 | — | — |
| Asset turnover | 0.23 | 0.09 | 0.02 | 0.00 | 0.00 | 0.03 | 0.08 | 0.82 | 0.00 | 0.00 |
| Average receivables | $1.0M | $704,000 | $599,500 | $627,500 | $514,500 | $274,564 | $86,008 | $78,444 | $93,500 | $78,000 |
| Average payables | $2.2M | $1.9M | $2.0M | $1.6M | $1.2M | $1.8M | $1.7M | $1.0M | $421,336 | $634 |
| Average inventory | $1.9M | $2.3M | $1.6M | $739,500 | $1.1M | $4.2M | $3.6M | $293,471 | −$26,013 | −$26 |
| Intangibles / total assets | 2.9% | 4.1% | 2.5% | 2.4% | 1.9% | 0.9% | 1.5% | 5.3% | 0.0% | 0.0% |
Computed from XAIR's annual financial statements (latest annual report filed June 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
XAIR valuation and financial ratios
Beyond Air earned a return on equity of −337.4% and a return on invested capital of −126.7% in fiscal 2026. It ended the year with $23.4 million of debt and $11.6 million in cash and short-term investments, net debt of $11.7 million.
See the XAIR income statement, the XAIR chart for price history, or the XAIR stock overview for the latest quote and news.
XAIR key metrics FAQ
What is Beyond Air's return on equity?
Beyond Air's return on equity (ROE) was −337.4% in fiscal 2026: net income of -$33.2 million on average shareholders' equity of $9.9 million.
What is Beyond Air's ROIC?
Beyond Air's return on invested capital was −126.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Beyond Air have?
Beyond Air had total debt of $23.4 million at the end of fiscal 2026, a debt-to-equity ratio of 3.82.
What is Beyond Air's current ratio?
Beyond Air's current ratio was 3.80 at the end of fiscal 2026: current assets were 3.80 times current liabilities.