{ "ok": true, "cik": "1641631", "ticker": "XAIR", "name": "Beyond Air, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226044155/0001493152-26-044155-index.htm" }, { "form": "8-K", "filed": "2026-08-18", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226039020/0001493152-26-039020-index.htm" }, { "form": "10-Q", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226037781/0001493152-26-037781-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226036367/0001493152-26-036367-index.htm" }, { "form": "8-K", "filed": "2026-07-31", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226035550/0001493152-26-035550-index.htm" }, { "form": "8-K", "filed": "2026-07-09", "items": [ "3.03 Material Modifications to Rights of Security Holders", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315226032621/0001493152-26-032621-index.htm" } ], "events12m": 20, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001641631.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1641631" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Beyond Air, Inc. ($XAIR). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-24. 20 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2024-12-20.", "auditor": { "changes": [ { "filed": "2024-12-20", "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315224051040/0001493152-24-051040-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-03-31", "revenue": 7679000, "revenueGrowth1y": 1.072604588394062, "revenueGrowthPerYear": 0.3296513955706879, "yearsOfData": 5, "operatingMargin": -3.782263315535877, "operatingMarginPrior": -12.020782726045883, "netMargin": -4.471155098320094, "operatingCashFlow": -18144000, "capitalSpending": 1025000, "freeCashFlow": -19169000, "researchAndDevelopment": 10241000, "researchShareOfRevenue": 1.333637192342753, "cash": 6740000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2020-03-31", "revenue": 1390104 }, { "fiscalYearEnd": "2021-03-31", "revenue": 873000 }, { "fiscalYearEnd": "2024-03-31", "revenue": 1159000 }, { "fiscalYearEnd": "2025-03-31", "revenue": 3705000 }, { "fiscalYearEnd": "2026-03-31", "revenue": 7679000 } ], "totalEquity": 6126000, "totalAssets": 35385000, "equityRatio": 0.17312420517168292, "returnOnEquity": -5.604635977799543, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -4.01, "sharesOutstanding": 8300916, "bookValuePerShare": 0.737990843420172, "revenuePerShare": 0.92507862987651, "range80": { "low": 8650738.828231702, "high": 28098532.823750813, "baseline": 15883474.751478488, "n": 2483, "band": "b000", "bandLabel": "under $50M", "method": "v4.1", "credibility": 0.25, "growthYears": 2, "ownVolatility": 0.306403243696062, "classVolatility": 0.3000583276631395, "volatility": 0.3016570684351141 }, "ifPaceHeld": { "low": 8650738.828231702, "high": 28098532.823750813 } }, "edgarette": "🔖 Exposure: revenue $7.7M (FY2026). Experience: revenue up 107.3% on the year, up 33.0% a year over 6 years; operating margin -378.2%, up from -1202.1%. Soundness: equity 17.3% of assets, return on equity -560.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $8.7M and $28.1M next year (method v4.1: its own 2-year record of growth weighed at 25% against under $50M filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $8.0M to $30.5M. A range, not a forecast. Against peers (60 filers, $50M+ revenue, surgical & medical instruments & apparatus): operating margin -378.2% against a 1.2% median; growth 107.3% against 11.6%.", "peers": { "sic": 3841, "sicDescription": "Surgical & Medical Instruments & Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3841", "growth": [ 0.1161, 60 ], "opMargin": [ 0.0124, 60 ], "equityRatio": [ 0.5291, 59 ], "returnOnEquity": [ -0.0233, 55 ], "payoutRatio": [ 0.3812, 8 ] }, "summary": "Beyond Air (XAIR) grew revenue 107% in FY2026 to $8 million, operating margin -378% against a 1.2% median for surgical & medical instruments & apparatus, equity 17.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Beyond Air, Inc. against its own record and its peers
Operating marginPeer median 1.2%-378.2%Revenue, on the yearPeer median 11.6%107.3%Equity of assetsPeer median 52.9%17.3%Return on equityPeer median -2.3%-560.5%Gold tick: the median of 55–59 peers with $50M+ revenue in surgical & medical instruments & apparatus
", "chartHorizon": null, "backtest": { "tests": 1, "hits": 1, "rate": 1, "method": "v4", "byYear": { "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T14:00:29.696Z", "hash": "95ceda82b2c9c866", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Beyond Air (XAIR) grew revenue 107% in FY2026 to $8 million, operating margin -378% against a 1.2% median for surgical & medical instruments & apparatus, equity 17.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-03-31", "revenue": 7679000, "totalDebt": null, "cash": 6740000 }, "experience": { "revenueGrowth1y": 1.072604588394062, "revenueGrowthPerYear": 0.3296513955706879, "operatingMargin": -3.782263315535877, "operatingMarginPrior": -12.020782726045883, "netMargin": -4.471155098320094, "freeCashFlow": -19169000 }, "soundness": { "equityRatio": 0.17312420517168292, "returnOnEquity": -5.604635977799543, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3841, "sicDescription": "Surgical & Medical Instruments & Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3841", "growth": [ 0.1161, 60 ], "opMargin": [ 0.0124, 60 ], "equityRatio": [ 0.5291, 59 ], "returnOnEquity": [ -0.0233, 55 ], "payoutRatio": [ 0.3812, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2024-12-20", "url": "https://www.sec.gov/Archives/edgar/data/1641631/000149315224051040/0001493152-24-051040-index.htm" } }, "range": { "low": 8650738.828231702, "high": 28098532.823750813, "baseline": 15883474.751478488, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 2483, "sizeBand": "under $50M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.25, "growthYears": 2, "ownVolatility": 0.306403243696062, "classVolatility": 0.3000583276631395, "pricedVolatility": 0.3016570684351141, "k": 3 }, "stress": { "low": 7979355.066637178, "high": 30548404.195922274, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 1, "hits": 1, "rate": 1, "method": "v4", "byYear": { "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T14:00:29.696Z", "hash": "95ceda82b2c9c866", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001641631.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1641631" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }