Beyond Air | 8-K: FY2026 Revenue Misses Estimate at USD 7.679 M

Revenue: As of FY2026, the actual value is USD 7.679 M, missing the estimate of USD 8.078 M.

EPS: As of FY2026, the actual value is USD -4.01, missing the estimate of USD -3.7733.

EBIT: As of FY2026, the actual value is USD -25.83 M.

Beyond Air, Inc. announced its financial results for the fiscal quarter and year ended March 31, 2026, on June 26, 2026 . The company’s Board of Directors approved a change in the fiscal year-end from March 31 to December 31, effective December 31, 2026 .

Fiscal Quarter Ended March 31, 2026 Financial Results

• Revenue: Beyond Air, Inc. reported revenues of $1.9 million, marking a 66% increase compared to $1.2 million for the fiscal quarter ended March 31, 2025 .
• Gross Profit: Gross profit increased to $94,000 for the quarter ended March 31, 2026, compared with a gross loss of - $32,000 for the same period in the prior year .
• Research and Development Expenses: R&D expenses decreased by 30% to $2.3 million for the fiscal quarter ended March 31, 2026, from $3.3 million in the prior year period .
• Selling, General and Administrative Expenses: SG&A expenses increased by 28% to $5.0 million for the fiscal quarter ended March 31, 2026, compared to $3.9 million for the fiscal quarter ended March 31, 2025, primarily due to one-time severance and related charges .
• Net Loss: Net loss attributable to common stockholders of Beyond Air, Inc. was - $10.3 million, or a loss of - $0.77 per share, for the quarter ended March 31, 2026, compared to - $8.0 million, or a loss of - $1.79 per share, for the prior year period .
• Net Cash Burn: Net cash burn, excluding inflows from financing activities, was $5.4 million for the fiscal quarter ended March 31, 2026 .

Fiscal Year Ended March 31, 2026 Financial Results

• Revenue: Revenues for the fiscal year ended March 31, 2026, increased by 107% to $7.7 million, up from $3.7 million for the fiscal year ended March 31, 2025 .
• Gross Profit: Gross profit increased to $0.3 million for the fiscal year ended March 31, 2026, compared with a gross loss of - $1.7 million for the fiscal year ended March 31, 2025 .
• Research and Development Expenses: R&D expenses decreased by 39% to $10.2 million for the fiscal year ended March 31, 2026, compared to $16.9 million for the prior fiscal year, driven by decreased employee expenses and lower development costs .
• Selling, General and Administrative Expenses: SG&A expenses decreased by 27% to $19.1 million for the fiscal year ended March 31, 2026, from $26.0 million for the fiscal year ended March 31, 2025, primarily due to a reduction in employee-related costs .
• Net Loss: Net loss attributable to common stockholders of Beyond Air, Inc. was - $33.2 million, or a loss of - $4.01 per share, for the fiscal year ended March 31, 2026, compared to - $46.6 million, or a loss of - $13.77 per share, for the prior fiscal year .
• Net Cash Burn: Net cash burn, excluding inflows from financing activities, was $19.1 million for the fiscal year ended March 31, 2026 .

Balance Sheet Highlights as of March 31, 2026

• Cash, Cash Equivalents, Restricted Cash and Marketable Securities: Beyond Air, Inc. reported $17.3 million in cash, cash equivalents, restricted cash, and marketable securities .
• Total Long-Term Debt: Total long-term debt outstanding was $21.6 million .
• Equity Line of Credit: The company has $18.2 million remaining available under its equity line of credit .

Outlook / Guidance

Beyond Air, Inc. provided revenue guidance of $8 million for calendar year 2026, representing approximately 15% growth . For calendar year 2027, the company anticipates revenue guidance of $16-$18 million, reflecting more than 110% year-over-year growth at the midpoint, including the commercial launch of the second-generation LungFit PH system . The company is transitioning its fiscal year-end from March 31st to December 31st .