Beyond Air
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Beyond Air (XAIR) investor relations material

Beyond Air Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary13 Feb, 2026

Executive summary

  • Revenue for the quarter ended December 31, 2025, increased 105% year-over-year to $2.2M, with over 45 hospitals adopting the LungFit PH system and international distribution agreements covering 40 countries.

  • Net loss attributable to common stockholders was $7.3M ($0.85/share) for the quarter, a significant improvement from $13M ($2.96/share) in the prior year.

  • Gross profit reached $0.3M, reversing a gross loss in the prior year, and customer retention exceeds 90% with more than half under multi-year agreements.

  • The company strengthened its balance sheet through a $4.5M equity financing, a $12M promissory note, and a binding agreement to sell 85% of NeuroNOS to XTL Biopharmaceuticals for equity, cash, and up to $32.5M in milestones.

  • Expanded global reach with CE mark approval in Europe, first sale to a VA Medical Center, and new distribution agreements in multiple countries.

Financial highlights

  • Revenue rose 105% year-over-year to $2.2M and 21% sequentially from the previous quarter, with nine-month revenue at $5.8M.

  • Gross profit for the quarter was $0.3M, with gross margin improving to 13.7% from negative in the prior year.

  • Operating expenses dropped 36% year-over-year to $6.9M, with SG&A down 42% and R&D down 19-20%.

  • Net loss narrowed to $7.3M ($0.85/share) from $13M ($2.96/share) year-over-year; net cash burn for the quarter was $4.3M.

  • Cash, cash equivalents, and marketable securities totaled $17.8M at quarter end, with a subsequent $4.5M equity financing and $18.8M equity line of credit available.

Outlook and guidance

  • Fiscal year 2026 revenue guidance remains at $8-10M, with cash runway expected into 2027 and potentially to profitability if targets are met.

  • Confident in FDA approval for the second-generation LungFit PH system by end of calendar 2026, pending contract manufacturer inspection.

  • Management expects continued net losses and cash outflows for at least the next twelve months and will require additional funding within one year.

  • Focus remains on expanding Gen 1 system utilization while preparing for Gen 2 launch and progressing international regulatory submissions.

Gen II launch readiness and inventory build plan?
NeuroNOS deal: What drives long-term value?
What triggers full funding for oncology studies?
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Beyond Air Inc is a medical device and biopharmaceutical company developing inhaled nitric oxide therapies for the treatment of respiratory conditions, and other potential therapeutic applications. The company is headquartered in Garden City, New York, and its shares are listed on the NASDAQ.

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