Filing Flows › Beyond Air (XAIR) › Q2 FY26
Beyond Air (XAIR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 10, 2025
Beyond Air (XAIR) reported revenue of $1.8M for the second quarter fiscal 2026 (Q2 FY26), +128% from a year earlier and +3% from the quarter before. Operating margin was -421.4%, net loss $8.3M (454.2% of revenue).
Beyond Air, Q2 FY26: revenue $1.8M (+128% year over year), operating margin -421.4%, net loss $8.3M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | +3% | +128% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$8.3M | — | — |
| Operating cash flow | −$4.5M | — | — |
What changed
Revenue was $1.8M in Q2 FY26, up 128% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -421.4%. Total costs fell 30% while revenue rose 128%. The fastest-growing cost line was Cost of revenue (+12%). The quarter ended with a net loss of $8.3M, wider than the previous quarter's $8.1M loss. Minority interests bore $318K of it: to shareholders the quarter was a loss of $7.9M.
Operating cash flow was −$4.5M. Non-cash charges added back $800K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $246K exceeded it, leaving free cash flow of −$4.7M.
Questions
What was Beyond Air's revenue in the second quarter fiscal 2026?
Beyond Air (XAIR) reported revenue of $1.8M for the second quarter fiscal 2026 (Q2 FY26), +128% from a year earlier and +3% from the quarter before.
Was Beyond Air profitable in the second quarter fiscal 2026?
Operating loss was $7.7M (-421.4% of revenue) and net loss $8.3M.
Source: Beyond Air 10-Q on SEC EDGAR.