Beyond Air, Inc.
Financial highlights
| Metric | FY 03/31/25 | FY 03/31/24 | FY 06/15/23 | FY 03/31/23 | FY 03/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.7M | $1.2M | — | — | — |
| Cost of revenue | $5.4M | $2.5M | — | $555,000 | — |
| Gross profit | -$1.7M | -$1.3M | — | -$555,000 | — |
| Selling, general & administrative | $26.0M | $37.3M | — | — | — |
| Research and development | $16.9M | $24.4M | — | $16.8M | $11.8M |
| Operating expenses | $42.9M | $61.7M | — | $51.5M | $40.7M |
| Operating income | -$44.5M | -$63.0M | — | -$52.1M | -$40.7M |
| Interest expense | $3.0M | $2.9M | — | $30,000 | $775,000 |
| Pretax income | -$48.5M | -$64.3M | — | -$59.4M | -$44.1M |
| Income tax expense | — | — | — | — | $44.1M |
| Net income | -$46.6M | -$60.2M | — | -$55.8M | -$43.2M |
| Balance Sheet | |||||
| Cash and equivalents | $4.7M | $11.4M | — | $29.2M | $80.2M |
| Current assets | $16.0M | $43.9M | — | $59.4M | $92.9M |
| Total assets | $30.1M | $57.0M | — | $68.7M | $99.2M |
| Current liabilities | $5.0M | $11.6M | — | $19.8M | $10.7M |
| Total liabilities | $15.7M | $29.8M | — | $26.7M | $21.0M |
| Total debt | — | $14.7M | $13.6M | — | — |
| Stockholders' equity | $13.6M | $25.0M | — | $37.9M | $72.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$38.2M | -$56.0M | — | -$33.0M | -$23.1M |
| Depreciation and amortization | $3.0M | $1.8M | — | $634,000 | $314,000 |
| Stock-based compensation | $9.1M | $21.3M | — | $19.6M | $7.8M |
| Capital expenditure | $5.9M | $5.7M | — | $3.9M | $1.4M |
| Free cash flow | -$44.1M | -$61.8M | — | -$36.9M | -$24.5M |
| Impairments | — | $15,000 | — | $235,000 | — |
Shares outstanding 10.5M · Free float 99.6%
Annual filing data through FY ended March 31, 2025; float as of July 4, 2026.