Beyond Air, Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 13, 2026
XAIR$2.52+10.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| For the Three Months Ended · For the Nine Months Ended | ||||
|---|---|---|---|---|
| December 31, | December 31, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $2,194 | $1,072 | $5,772 | $2,553 |
| Cost of revenues | 1,894 | 1,287 | 5,614 | 4,184 |
| Gross profit (loss) | 300 | (215) | 158 | (1,631) |
| Operating expenses: | ||||
| Research and development | 2,429 | 3,005 | 7,965 | 13,599 |
| Selling, general and administrative | 4,467 | 7,732 | 14,067 | 22,133 |
| Total operating expenses | 6,896 | 10,737 | 22,032 | 35,732 |
| Loss from operations | (6,596) | (10,952) | (21,874) | (37,363) |
| Other income/(expense): | ||||
| Dividend/investment income | 102 | 126 | 189 | 637 |
| Interest and finance expense | (1,088) | (549) | (2,275) | (2,439) |
| Change in fair value of warrant liability | 20 | 4 | 36 | 219 |
| Change in fair value of derivative liability | 483 | - | 483 | 1,314 |
| Foreign exchange gain/(loss) | (30) | 46 | (89) | (26) |
| Loss on extinguishment of debt | - | (1,910) | - | (2,534) |
| Loss on disposal of fixed assets | (359) | (62) | (416) | (233) |
| Other income/(expense) | (162) | (37) | (20) | 11 |
| Total other income/(expense) | (1,034) | (2,381) | (2,092) | (3,052) |
| Loss before income taxes | (7,630) | (13,333) | (23,966) | (40,416) |
| Provision for income taxes | - | - | - | - |
| Net loss | $(7,630) | $(13,333) | $(23,966) | $(40,416) |
| Less: net loss attributable to non-controlling interest | (294) | (300) | (999) | (1,825) |
| Net loss attributable to Beyond Air, Inc. | $(7,336) | $(13,032) | $(22,967) | $(38,591) |
| Other comprehensive income/(loss), net of tax | ||||
| Foreign currency translation adjustment | 25 | (61) | 170 | (37) |
| Comprehensive loss attributable to Beyond Air, Inc. | $(7,311) | $(13,093) | $(22,797) | $(38,628) |
| Net basic and diluted loss per share attributable to Beyond Air, Inc. (1) | $(0.85) | $(2.96) | $(3.44) | $(12.77) |
| Weighted average number of shares of common stock outstanding, basic and diluted (1) | 8,616,860 | 4,403,726 | 6,668,782 | 3,020,861 |
| (1) | Prior period results have been adjusted to reflect the one-for-twenty stock split in July 2025. See Note 1, Organization and Business for details. |
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