XAIR Chart
About

Beyond Air, Inc., a commercial-stage medical device and biopharmaceutical company, develops the Lungfit platform, a nitric oxide (NO) generator and delivery system platform. It operates through three segments: Beyond Air, Beyond Cancer, and NeuroNos. The company offers Lungfit PH for the treatment of persistent pulmonary hypertension of the newborn. It is also developing LungFit PRO for the treatment of viral lung infections, such as community-acquired pneumonia, including COVID-19 and bronchiolitis in hospitalized patients; and LungFit GO for the treatment of nontuberculous mycobacteria (NTM) at home. In addition, the company develops ultra-high concentration (UNO) that is in Phase 1 clinical trial to treat multiple solid and cutaneous tumors; and selective neuronal nitric oxide synthase (nNOS) inhibitor for the treatment of neurological conditions and autism spectrum disorder. It has a collaboration with the Yissum Research Development Company of the Hebrew University of Jerusalem, LTD to acquire the commercial rights for neuronal nitric oxide synthase inhibitors to treat autism spectrum disorder and other neurological conditions. The company was formerly known as AIT Therapeutics, Inc. and changed its name to Beyond Air, Inc. in June 2019. Beyond Air, Inc. was founded in 2011 and is headquartered in Garden City, New York.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 8.42M
Enterprise Value 20.84M Income -31.00M Sales 6.92M
Book/sh 0.96 Cash/sh 1.11 Dividend Yield
Payout 0.00% Employees 61 IPO
P/E Forward P/E -0.48 PEG
P/S 1.22 P/B 0.83 P/C
EV/EBITDA -0.81 EV/Sales 3.01 Quick Ratio 2.59
Current Ratio 5.12 Debt/Eq 284.71 LT Debt/Eq
EPS (ttm) -4.47 EPS next Y -1.66 EPS Growth
Revenue Growth 104.70% Earnings 2026-02-13 ROA -51.20%
ROE -240.21% ROIC Gross Margin 1.82%
Oper. Margin -3.01% Profit Margin 0.00% Shs Outstand 10.53M
Shs Float 9.41M Short Float 1.53% Short Ratio 0.50
Short Interest 52W High 6.40 52W Low 0.67
Beta 0.42 Avg Volume 7.77M Volume 108.07K
Target Price $8.67 Recom Buy Prev Close $0.83
Price $0.80 Change -3.60%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.67
Mean price target
2. Current target
$0.80
Latest analyst target
3. DCF / Fair value
$-31.88
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.80
Low
$2.00
High
$14.00
Mean
$8.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-10 main D. Boral Capital Buy → Buy $10
2026-01-21 main D. Boral Capital Buy → Buy $11
2025-11-11 main D. Boral Capital Buy → Buy $11
2025-08-21 main D. Boral Capital Buy → Buy $11
2025-08-13 main D. Boral Capital Buy → Buy $11
2025-07-17 init D. Boral Capital — → Buy $11
2024-08-07 main Piper Sandler Overweight → Overweight $1
2024-06-25 main Piper Sandler Overweight → Overweight $4
2024-06-25 down BTIG Buy → Neutral
2024-04-30 main Truist Securities Buy → Buy $8
2023-11-14 main Truist Securities Buy → Buy $10
2023-07-28 init Piper Sandler — → Overweight $10
2023-07-21 main Truist Securities Buy → Buy $14
2023-06-23 main Oppenheimer Outperform → Outperform $10
2023-06-15 init BTIG — → Buy $15
2022-06-29 main Truist Securities — → Buy $20
2022-06-29 main Ladenburg Thalmann — → Buy $23
2021-11-12 main Truist Securities — → Buy $16
2021-04-28 init Truist Securities — → Buy $12
2019-10-22 init Oppenheimer — → Outperform $9
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 6000 19491 Purchase at price 3.25 per share. LISI STEVEN A Chief Executive Officer 2025-07-21 00:00:00 D
1 1000000 250050 Purchase at price 0.25 - 0.26 per share. CAREY ROBERT F. Director 2025-03-14 00:00:00 D
2 6000 2294 Purchase at price 0.38 per share. GAUL MICHAEL A Chief Operating Officer 2025-02-19 00:00:00 D
3 1476626 744662 Purchase at price 0.50 per share. CAREY ROBERT F. Director 2024-09-26 00:00:00 I
4 1476626 744662 Purchase at price 0.50 per share. LISI STEVEN A Chief Executive Officer 2024-09-26 00:00:00 D
5 50000 18340 Purchase at price 0.37 per share. LISI STEVEN A Chief Executive Officer 2024-08-15 00:00:00 D
6 100000 39680 Purchase at price 0.40 per share. CAREY ROBERT F. Director 2024-08-14 00:00:00 D
7 39266 15565 Purchase at price 0.40 per share. LUCERA ERICK J. Director 2024-08-14 00:00:00 D
8 100000 38640 Purchase at price 0.39 per share. LISI STEVEN A Chief Executive Officer 2024-08-14 00:00:00 D
9 602410 1000001 Stock Award(Grant) at price 1.66 per share. CAREY ROBERT F. Director 2024-03-20 00:00:00 D
Financials
Line Item2025-03-312024-03-312023-03-312022-03-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-40.96M-61.42M-58.75M-32.06M
TotalUnusualItems-932.00K2.39M551.00K-10.64M
TotalUnusualItemsExcludingGoodwill-932.00K2.39M551.00K-10.64M
NetIncomeFromContinuingOperationNetMinorityInterest-46.62M-60.24M-55.82M-43.18M
ReconciledDepreciation3.57M2.35M1.17M588.00K
ReconciledCostOfRevenue5.37M2.47M555.00K0.00
EBITDA-41.89M-59.03M-58.20M-42.70M
EBIT-45.46M-61.38M-59.37M-43.28M
NetInterestIncome-3.02M-2.91M-30.00K-775.00K
InterestExpense3.02M2.91M30.00K775.00K
NormalizedIncome-45.69M-62.63M-56.37M-32.54M
NetIncomeFromContinuingAndDiscontinuedOperation-46.62M-60.24M-55.82M-43.18M
TotalExpenses48.24M64.17M52.06M30.21M
TotalOperatingIncomeAsReported-44.54M-63.01M-52.06M-40.71M
DilutedAverageShares3.39M1.66M1.50M1.28M
BasicAverageShares3.39M1.66M1.50M1.28M
DilutedEPS-13.80-36.40-37.20-33.60
BasicEPS-13.80-36.40-37.20-33.60
DilutedNIAvailtoComStockholders-46.62M-60.24M-55.82M-43.18M
NetIncomeCommonStockholders-46.62M-60.24M-55.82M-43.18M
NetIncome-46.62M-60.24M-55.82M-43.18M
MinorityInterests1.85M4.05M3.58M882.00K
NetIncomeIncludingNoncontrollingInterests-48.48M-64.30M-59.40M-44.06M
NetIncomeContinuousOperations-48.48M-64.30M-59.40M-44.06M
TaxProvision0.000.000.000.00
PretaxIncome-48.48M-64.30M-59.40M-44.06M
OtherIncomeExpense-923.00K1.62M-7.31M-13.07M
OtherNonOperatingIncomeExpenses9.00K-767.00K-7.86M-2.44M
SpecialIncomeCharges-3.19M0.000.00-10.50M
GainOnSaleOfPPE-738.00K0.00
OtherSpecialCharges2.45M598.00K7.86M10.50M
GainOnSaleOfSecurity2.25M2.39M551.00K-140.00K
NetNonOperatingInterestIncomeExpense-3.02M-2.91M-30.00K-775.00K
InterestExpenseNonOperating3.02M2.91M30.00K775.00K
OperatingIncome-44.54M-63.01M-52.06M-30.21M
OperatingExpense42.87M61.70M51.50M30.21M
ResearchAndDevelopment16.86M24.36M16.81M11.80M
SellingGeneralAndAdministration26.02M37.34M34.69M18.41M
GeneralAndAdministrativeExpense26.02M37.34M34.69M18.41M
OtherGandA26.02M37.34M34.69M18.41M
GrossProfit-1.66M-1.31M-555.00K0.00
CostOfRevenue5.37M2.47M555.00K0.00
TotalRevenue3.71M1.16M0.000.00
OperatingRevenue3.71M1.16M0.000.00
Line Item2025-03-312024-03-312023-03-312022-03-31
OrdinarySharesNumber4.13M2.30M1.54M1.49M
ShareIssued4.13M2.30M1.54M1.49M
NetDebt5.14M4.14M
TotalDebt11.69M17.84M3.59M3.49M
TangibleBookValue12.36M23.62M36.28M70.87M
InvestedCapital23.39M40.57M38.81M73.83M
WorkingCapital11.02M32.37M39.63M82.23M
NetTangibleAssets12.36M23.62M36.28M70.87M
CapitalLeaseObligations1.88M2.32M2.70M2.36M
CommonStockEquity13.58M25.05M37.91M72.70M
TotalCapitalization22.78M39.77M38.03M72.90M
TotalEquityGrossMinorityInterest14.34M27.19M42.03M78.21M
MinorityInterest758.00K2.14M4.11M5.50M
StockholdersEquity13.58M25.05M37.91M72.70M
GainsLossesNotAffectingRetainedEarnings-60.00K-15.00K53.00K96.00K
OtherEquityAdjustments-60.00K-15.00K53.00K96.00K
TreasuryStock25.00K25.00K25.00K25.00K
RetainedEarnings-286.32M-239.70M-179.46M-123.64M
AdditionalPaidInCapital299.98M264.78M217.34M196.27M
CapitalStock8.00K5.00K3.00K3.00K
CommonStock8.00K5.00K3.00K3.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest15.72M29.77M26.72M20.99M
TotalNonCurrentLiabilitiesNetMinorityInterest10.72M18.21M6.94M10.28M
OtherNonCurrentLiabilities4.50M8.00M1.00K
DerivativeProductLiabilities38.00K1.59M0.00
NonCurrentAccruedExpenses4.50M8.00M0.00
TradeandOtherPayablesNonCurrent8.00M0.00
LongTermDebtAndCapitalLeaseObligation10.68M16.62M2.44M2.28M
LongTermCapitalLeaseObligation1.49M1.90M2.32M2.08M
LongTermDebt9.20M14.72M120.00K200.00K
CurrentLiabilities5.00M11.57M19.78M10.71M
OtherCurrentLiabilities223.00K274.00K183.00K83.00K
CurrentDeferredLiabilities0.00138.00K0.000.00
CurrentDeferredRevenue0.00138.00K0.000.00
CurrentDebtAndCapitalLeaseObligation1.00M1.22M1.15M1.21M
CurrentCapitalLeaseObligation396.00K418.00K376.00K281.00K
CurrentDebt609.00K800.00K775.00K927.00K
OtherCurrentBorrowings609.00K800.00K775.00K927.00K
PensionandOtherPostRetirementBenefitPlansCurrent985.00K409.00K270.00K
PayablesAndAccruedExpenses3.77M9.94M18.45M9.42M
CurrentAccruedExpenses1.82M7.99M16.43M8.29M
Payables1.95M1.95M2.02M1.13M
OtherPayable4.00M
AccountsPayable1.95M1.95M2.02M1.13M
TotalAssets30.06M56.96M68.75M99.20M
TotalNonCurrentAssets14.04M13.03M9.34M6.25M
OtherNonCurrentAssets103.00K113.00K212.00K207.00K
GoodwillAndOtherIntangibleAssets1.22M1.43M1.63M1.84M
OtherIntangibleAssets1.22M1.43M1.63M1.84M
NetPPE12.72M11.48M7.50M4.21M
AccumulatedDepreciation-5.50M-3.02M-1.25M-767.00K
GrossPPE18.22M14.51M8.75M4.98M
Leases521.00K612.00K581.00K404.00K
OtherProperties16.27M12.50M6.88M3.90M
MachineryFurnitureEquipment1.43M1.39M1.28M675.00K
Properties0.000.000.000.00
CurrentAssets16.02M43.94M59.41M92.94M
OtherCurrentAssets203.00K277.00K338.00K508.00K
RestrictedCash231.00K230.00K7.61M9.99M
PrepaidAssets5.39M6.29M3.80M1.25M
Inventory2.42M2.13M1.13M350.00K
OtherInventories350.00K
Receivables860.00K548.00K651.00K604.00K
OtherReceivables420.00K322.00K425.00K
TaxesReceivable150.00K229.00K231.00K282.00K
AccountsReceivable710.00K319.00K0.00
CashCashEquivalentsAndShortTermInvestments6.92M34.47M45.88M80.24M
OtherShortTermInvestments2.25M23.09M16.72M0.00
CashAndCashEquivalents4.67M11.38M29.16M80.24M
Line Item2025-03-312024-03-312023-03-312022-03-31
FreeCashFlow-44.10M-61.76M-36.89M-24.58M
RepaymentOfDebt-18.05M-835.00K-1.01M-658.00K
IssuanceOfDebt11.32M15.82M0.001.03M
IssuanceOfCapitalStock23.01M27.97M3.71M72.83M
CapitalExpenditure-5.88M-5.75M-3.88M-1.45M
InterestPaidSupplementalData1.20M1.76M36.00K340.00K
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition4.90M11.61M36.77M90.23M
BeginningCashPosition11.61M36.77M87.71M35.27M
EffectOfExchangeRateChanges-45.00K-77.00K-43.00K96.00K
ChangesInCash-6.67M-25.08M-50.90M54.87M
FinancingCashFlow16.65M43.17M2.70M79.45M
CashFlowFromContinuingFinancingActivities16.65M43.17M2.70M79.45M
NetOtherFinancingCharges35.00K
ProceedsFromStockOptionExercised365.00K217.00K0.006.22M
NetCommonStockIssuance23.01M27.97M3.71M72.83M
CommonStockIssuance23.01M27.97M3.71M72.83M
NetIssuancePaymentsOfDebt-6.73M14.98M-1.01M371.00K
NetShortTermDebtIssuance-1.01M1.03M625.00K
ShortTermDebtPayments-1.01M-658.00K-404.09K
ShortTermDebtIssuance0.001.03M625.00K
NetLongTermDebtIssuance-6.73M14.98M-1.01M371.00K
LongTermDebtPayments-18.05M-835.00K-1.01M-658.00K
LongTermDebtIssuance11.32M15.82M0.001.03M
InvestingCashFlow14.90M-12.23M-20.59M-1.45M
CashFlowFromContinuingInvestingActivities14.90M-12.23M-20.59M-1.45M
NetOtherInvestingChanges10.00K1.00K-1.00K
NetInvestmentPurchaseAndSale20.78M-6.49M-16.71M0.00
SaleOfInvestment51.66M122.28M18.95M0.00
PurchaseOfInvestment-30.88M-128.77M-35.66M0.00
NetPPEPurchaseAndSale-5.88M-5.75M-3.88M-1.45M
SaleOfPPE1.00K
PurchaseOfPPE-5.88M-5.75M-3.88M-1.45M
OperatingCashFlow-38.22M-56.01M-33.01M-23.13M
CashFlowFromContinuingOperatingActivities-38.22M-56.02M-33.01M-23.14M
ChangeInWorkingCapital-6.15M-16.04M5.39M11.83M
ChangeInOtherWorkingCapital-873.19K
ChangeInOtherCurrentLiabilities-385.00K-381.00K-275.00K0.00
ChangeInOtherCurrentAssets1.05M-1.58M918.00K-816.00K
ChangeInPayablesAndAccruedExpense-5.96M-13.18M5.63M12.55M
ChangeInAccruedExpense-6.36M-12.71M4.79M12.87M
ChangeInPayable399.00K-467.00K838.00K-327.00K
ChangeInAccountPayable399.00K-467.00K838.00K-327.00K
ChangeInInventory-466.00K-998.00K-781.00K0.00
ChangeInReceivables-390.00K101.00K-98.00K103.00K
ChangesInAccountReceivables-390.00K-319.00K0.00
OtherNonCashItems1.72M1.15M-1.00K529.00K
StockBasedCompensation9.15M21.34M19.56M7.83M
UnrealizedGainLossOnInvestmentSecurities60.00K123.00K-12.00K0.00
ProvisionandWriteOffofAssets177.00K0.0049.00K0.00
AssetImpairmentCharge505.00K0.00
DepreciationAmortizationDepletion3.57M2.35M1.17M588.00K
DepreciationAndAmortization3.57M2.35M1.17M588.00K
AmortizationCashFlow205.00K205.00K205.00K38.00K
AmortizationOfIntangibles205.00K205.00K205.00K38.00K
Depreciation3.37M2.15M965.00K550.00K
OperatingGainsLosses1.23M-644.00K235.00K144.00K
GainLossOnInvestmentSecurities-1.55M-659.00K
NetForeignCurrencyExchangeGainLoss0.00144.00K37.00K
GainLossOnSaleOfPPE334.00K15.00K235.00K0.00
NetIncomeFromContinuingOperations-48.48M-64.30M-59.40M-44.06M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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