Beyond Air, Inc.
Beyond Air, Inc. is classified under Healthcare / Medical Equipment & Supplies and appears not currently profitable on the latest normalized snapshot.
Business. Beyond Air, Inc. (XAIR) is a medical devices company operating within the Healthcare Equipment & Supplies sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Company
- EarningsQ2 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Beyond Air Inc. (XAIR) has recorded its first notable institutional holder activity, marking a significant baseline event for the ticker. As of June 30, 2024, an investor identified by ID 466 added a position of 518,985 shares, valued at approximately $0.28 million. This acquisition represents a weight of roughly 0.0006% in the investor’s portfolio and was detected on June 28, 2026. This addition is particularly material because it constitutes the first analysis for this ticker, meaning there is no prior basis for computing delta changes in holder activity. The emergence of this new holder provides the initial data point for tracking institutional interest in Beyond Air, establishing a reference for future monitoring of capital flows. The significance of this change is underscored by the company’s current profile, which shows zero analyst coverage and no index memberships. With only six top holders recorded, the entry of a new institutional participant highlights a shift in the shareholder base for a company that previously lacked visible institutional engagement in this dataset. While the company maintains a lean structure with no reported officers in the current snapshot, the addition of this holder suggests growing visibility. Investors should monitor this position as a potential indicator of broader institutional interest, given that Beyond Air remains outside major indices and lacks analyst ratings.
Signals & dispatch
Composite-score breakdown
Synthesis
Beyond Air, Inc. (XAIR) is a medical devices company operating within the Healthcare Equipment & Supplies sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Beyond Air, Inc. (XAIR) is currently classified as Medical Devices within Medical Equipment & Supplies (Healthcare). Classification confidence: 0.70 (rule-based classification). Capital structure on the latest snapshot: total assets 35,385,000 USD, total equity 6,126,000, short-term debt 0, long-term debt 0. Net cash position is approximately 11,641,000 USD. Self-calculated market cap is 3,552,792 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 7,679,000, gross profit 252,000, operating income -29,044,000, net income -33,249,000. Return on equity ~-542.8%. Return on assets ~-94.0%. Operating-cash-flow to net-income ratio is 0.55. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Filings reference going-concern or substantial-doubt language.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on XAIR — filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['3.03', '5.03']; all_items_found=['3.03', '5.03', '9.01']; severity_per_code={'3.03': 'medium', '5.03': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001493152-26-032621). Additional context: 8-K: filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['3.03', '5.03']; all_items_found=['3.03', '5.03', '9.01']; severity_per_code={'3.03': 'medium', '5.03': 'medium'}; contributing_watchers=sec_8k_material.
Beyond Air Inc. (XAIR) has recorded its first notable institutional holder activity, marking a significant baseline event for the ticker. As of June 30, 2024, an investor identified by ID 466 added a position of 518,985 shares, valued at approximately $0.28 million. This acquisition represents a weight of roughly 0.0006% in the investor’s portfolio and was detected on June 28, 2026. This addition is particularly material because it constitutes the first analysis for this ticker, meaning there is no prior basis for computing delta changes in holder activity. The emergence of this new holder provides the initial data point for tracking institutional interest in Beyond Air, establishing a reference for future monitoring of capital flows. The significance of this change is underscored by the company’s current profile, which shows zero analyst coverage and no index memberships. With only six top holders recorded, the entry of a new institutional participant highlights a shift in the shareholder base for a company that previously lacked visible institutional engagement in this dataset. While the company maintains a lean structure with no reported officers in the current snapshot, the addition of this holder suggests growing visibility. Investors should monitor this position as a potential indicator of broader institutional interest, given that Beyond Air remains outside major indices and lacks analyst ratings.
- Return on equity is about -542.8%.
- Debt to equity is about 0.0x.
- [TRIGGER] 8-K: 8-K (sec_8k_material) on XAIR — filing_type=8-K; max_severity=medium; ignored_items=['9.01']; material_items=['3.03', '5.03']; all_items_found=['3.03', '5.03', '9.01']; severity_per_code={'3.03': 'medium', '5.03': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001493152-26-032621)
- Companyfacts coverage was partial; recent filing facts backfilled general_and_administrative.
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2024-04-01 2025-03-31 0001641631 XAIR:LungFitRPHMember 2025-04-01 2026-03-31 0001641631 XAIR:LungFitRPHMember 2026-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure XAIR:Integer iso4217:AUD iso4217:EUR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED MARCH 31 , 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38892 BEYOND AIR, INC.
Bull / Bear case
Generated · model-assistedRevenue grew at a 78.8% compound annual growth rate from FY2024 to FY2026, indicating strong top-line expansion momentum.
Operating losses narrowed significantly from $63 million in FY2024 to $29 million in FY2026, demonstrating improved operational efficiency.
The company achieved positive gross profit of $252,000 in FY2026, marking a turnaround from negative gross margins in prior years.
Free cash flow outflows decreased substantially from $61.8 million in FY2024 to $19.2 million in FY2026, reducing cash burn.
A current ratio of 3.20 suggests strong short-term liquidity coverage relative to current liabilities as of March 2025.
The company faces high liquidity risk and medium dilution risk, threatening capital stability and shareholder value preservation.
Net margin of -4.33% ranks in the bottom quartile of the Medical Equipment & Supplies cohort, signaling poor profitability.
Return on equity of -5.43% places the company in the bottom quartile of its peer group, indicating inefficient capital usage.
Capex to revenue ratio of 13.35% is above the cohort median of 3.24%, implying heavy capital intensity requirements.
Cash conversion of 0.55 is below the cohort median of 0.73, suggesting weaker ability to convert earnings into cash.
In focus — financials by report
Revenue $5.8M; Operating income -$21.9M.
- ▍Revenue $5.8M
- ▍Operating income -$21.9M
- ▍Net margin -397.9%
Revenue $3.6M; Operating income -$15.3M.
- ▍Revenue $3.6M
- ▍Operating income -$15.3M
- ▍Net margin -436.9%
Revenue $1.8M; Operating income -$7.6M.
- ▍Revenue $1.8M
- ▍Operating income -$7.6M
- ▍Net margin -437.0%
Revenue $7.7M; Operating income -$29.0M.
- ▍Revenue $7.7M
- ▍Operating income -$29.0M
- ▍Net margin -433.0%
Revenue $3.7M; Operating income -$44.5M.
- ▍Revenue $3.7M
- ▍Operating income -$44.5M
- ▍Net margin -1258.4%
Revenue $3.7M; Operating income -$44.5M.
- ▍Revenue $3.7M
- ▍Operating income -$44.5M
- ▍Net margin -1258.4%
Revenue $1.2M; Operating income -$63.0M.
- ▍Revenue $1.2M
- ▍Operating income -$63.0M
- ▍Net margin -5197.8%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Filings reference going-concern or substantial-doubt language.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, Chief Executive Officer · Series A Warrants → Common StockAcquired 34 722 @ $5,51purchase · 2026-07-29
- Chief Financial Officer · Series B Warrant → Common StockAcquired 4 340 @ $5,51purchase · 2026-07-29
- Director, Chief Executive Officer · Series B Warrants → Common StockAcquired 34 722 @ $5,51purchase · 2026-07-29
- Chief Financial Officer · Series A Warrant → Common StockAcquired 4 340 @ $5,51purchase · 2026-07-29
- Chief Financial Officer · Stock Option (right to buy) → Common StockAcquired 70 000 @ $0,79grant · 2026-01-05
- Director, CEO and Chairman of the Board · Stock Options (Right to buy) → Common StockAcquired 12 500 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 2 000 @ $10,80disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 2 000 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 1 500 @ $10,80disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 1 500 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 1 250 @ $10,80disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 1 250 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 750 @ $10,80disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 750 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 3 750 @ $5,89disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 3 750 @ $1,95grant · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockAcquired 6 000 @ $1,95grant · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockDisposed 1 000 @ $10,80disposition · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockAcquired 1 000 @ $1,95grant · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockDisposed 3 750 @ $10,80disposition · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockAcquired 3 750 @ $1,95grant · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockDisposed 17 500 @ $5,89disposition · 2025-11-04
- Chief Financial Officer · Stock Options (Right to buy) → Common StockAcquired 17 500 @ $1,95grant · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockDisposed 187 @ $10,80disposition · 2025-11-04
- Director · Stock Options (Right to buy) → Common StockAcquired 187 @ $1,95grant · 2025-11-04
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Ev To Revenueenterprise_value / revenue
- Market Capmarket_price * shares_outstanding_diluted
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Enterprise Valuemarket_cap - net_cash
- Beyond Air, Inc. company facts · 2026-07-10
- Beyond Air, Inc. 10-K 2026-06-26 · 2026-07-10
- Beyond Air, Inc. 10-Q 2026-02-13 · 2026-07-10
- Beyond Air, Inc. 10-Q 2025-11-10 · 2026-07-10
- Beyond Air, Inc. 10-Q 2025-08-12 · 2026-07-10
- 8-K (sec_8k_material) on XAIR · 2026-07-10
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Chief Financial Officer · Common StockBought 4 340 @ $5,76$25K · 2026-07-29
- Director, Chief Executive Officer · Common StockBought 34 722 @ $5,76$200K · 2026-07-29
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Gross profit (annual): USD 252KUnknown
- R&D expense (annual): USD 10.24MUnknown
- EPS (diluted) (annual): USD-PER-SHARES -4Unknown
- Operating cash flow (annual): USD -18.14MUnknown
- Net income (annual): USD -33.25MUnknown
- Pre-tax income (annual): USD -34.33MUnknown
- Cost of revenue (annual): USD 7.43MUnknown
- Operating income (annual): USD -29.04MUnknown
- Revenue (annual): USD 7.68MUnknown
- Total operating expenses (annual): USD 29.3MUnknown
- EPS (basic) (annual): USD-PER-SHARES -4Unknown
- Capex (annual): USD 1.02MUnknown
- Current liabilities (annual): USD 4.99MUnknown
- Total liabilities (annual): USD 28.49MUnknown
- Shares outstanding (annual): 8.4MUnknown
- Current assets (annual): USD 25.56MUnknown
- Shareholders' equity (annual): USD 8.11MUnknown
- Cash & equivalents (annual): USD 6.64MUnknown
- Total assets (annual): USD 36.77MUnknown
- Revenue (annual): USD 3.71MUnknown
- Cost of revenue (annual): USD 5.37MUnknown
- Gross profit (annual): USD -1.66MUnknown
- Operating income (annual): USD -44.54MUnknown
- Capex (annual): USD 5.88MUnknown