Beyondspring Inc Financials

BYSI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Beyondspring Inc (BYSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Beyondspring Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

1.48x

For every $1 of reported earnings, Beyondspring Inc generates $1.48 in operating cash flow (-$16.4M OCF vs -$11.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

Beyondspring Inc generated $0 in revenue in fiscal year 2024.

EBITDA

-$8.5M

YoY+42.7%

Beyondspring Inc's EBITDA was -$8.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.7% from the prior year.

Free Cash Flow

-$16.7M

YoY-0.6%

Beyondspring Inc generated -$16.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 0.6% from the prior year.

Net Income

-$11.1M

YoY+47.1%

Beyondspring Inc reported -$11.1M in net income in fiscal year 2024. This represents an increase of 47.1% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$2.9M

YoY-45.8%

5Y CAGR-39.5%

10Y CAGR+22.2%

Beyondspring Inc held $2.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

40M

YoY+3.3%

5Y CAGR+7.7%

Beyondspring Inc had 40M shares outstanding in fiscal year 2024. This represents an increase of 3.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$2.6M

YoY-63.6%

5Y CAGR-39.0%

10Y CAGR+3.5%

Beyondspring Inc invested $2.6M in research and development in fiscal year 2024. This represents a decrease of 63.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$224K

YoY+124.0%

5Y CAGR+123.7%

Beyondspring Inc invested $224K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 124.0% from the prior year.

BYSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$0	$0-100.0%	$1.4M0.0%	$1.4M+650.6%	$180K	$0
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$2.6M-63.6%	$7.3M-71.6%	$25.6M-30.6%	$36.9M-11.7%	$41.8M+33.3%	$31.3M
SG&A Expenses	$6.1M-21.8%	$7.8M-40.0%	$13.0M-57.6%	$30.7M+35.9%	$22.6M+152.1%	$9.0M
Operating Income	-$8.8M+42.0%	-$15.1M+59.5%	-$37.2M+43.8%	-$66.2M-3.2%	-$64.2M-59.3%	-$40.3M
Interest Expense	N/A	N/A	$17K-80.5%	$87K+2.4%	$85K-58.7%	$206K
Income Tax	-$96K-4.3%	-$92K-156.4%	$163K-95.4%	$3.6M	$0	$0
Net Income	-$11.1M+47.1%	-$21.0M+36.8%	-$33.3M+48.1%	-$64.2M-5.3%	-$61.0M-60.1%	-$38.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q2'23
Revenue	$0	$0	$0	$0	$0	$0	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$1.0M+3.7%	$1.0M+14.6%	$874K+85.2%	$472K-43.1%	$829K+15.0%	$721K	N/A	N/A
SG&A Expenses	$751K-20.7%	$947K-45.4%	$1.7M+41.4%	$1.2M-32.2%	$1.8M+35.8%	$1.3M	N/A	N/A
Operating Income	-$1.8M+8.2%	-$1.9M+25.3%	-$2.6M-53.5%	-$1.7M+35.6%	-$2.6M-28.5%	-$2.1M	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$26K+18.2%	$22K+10.0%	$20K+120.8%	-$96K	$0	$0	N/A	N/A
Net Income	-$1.5M+14.7%	-$1.8M-140.3%	$4.5M+358.9%	-$1.7M+57.1%	-$4.0M-24.8%	-$3.2M	N/A	N/A
EPS (Diluted)	N/A	$-0.10	N/A	N/A	$-0.04	N/A	N/A	N/A

BYSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$34.3M+38.3%	$24.8M-46.3%	$46.2M-43.4%	$81.6M-30.2%	$117.0M+162.7%	$44.6M
Current Assets	$28.6M+55.1%	$18.4M-52.2%	$38.5M-48.7%	$75.1M-33.8%	$113.4M+177.5%	$40.9M
Cash & Equivalents	$2.9M-45.8%	$5.4M-84.3%	$34.4M-17.4%	$41.6M-62.0%	$109.5M+204.8%	$35.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$67.2M+39.3%	$48.3M-2.0%	$49.2M-10.9%	$55.3M+119.2%	$25.2M+87.9%	$13.4M
Current Liabilities	$11.0M+38.4%	$8.0M+8.2%	$7.4M-51.5%	$15.2M+10.1%	$13.8M+36.9%	$10.1M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$2.2M+50.9%	$1.4M
Total Equity	-$32.9M-22.7%	-$26.8M-348.3%	-$6.0M-122.4%	$26.7M-69.8%	$88.3M+191.8%	$30.3M
Retained Earnings	-$407.4M-2.8%	-$396.3M-5.6%	-$375.3M-9.7%	-$342.0M-23.1%	-$277.8M-28.1%	-$216.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q2'23
Total Assets	$29.5M-5.0%	$31.0M-16.3%	$37.1M+8.1%	$34.3M+64.2%	$20.9M	N/A	$24.8M-24.5%	$32.9M
Current Assets	$24.4M-5.1%	$25.7M-18.4%	$31.5M+10.3%	$28.6M+91.5%	$14.9M	N/A	$18.4M-28.6%	$25.8M
Cash & Equivalents	$12.5M+30.8%	$9.5M+46.2%	$6.5M+123.4%	$2.9M-65.2%	$8.4M+155.9%	$3.3M-39.2%	$5.4M-60.0%	$13.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$61.3M0.0%	$61.3M-6.4%	$65.4M-2.7%	$67.2M+42.5%	$47.2M	N/A	$48.3M+1.5%	$47.6M
Current Liabilities	$12.9M+9.9%	$11.7M-7.4%	$12.7M+15.0%	$11.0M+34.5%	$8.2M	N/A	$8.0M+16.7%	$6.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$31.8M-5.2%	-$30.2M-6.7%	-$28.3M+14.0%	-$32.9M-9.0%	-$30.2M+20.9%	-$38.2M-42.4%	-$26.8M-48.2%	-$18.1M
Retained Earnings	-$406.3M-0.4%	-$404.8M-0.4%	-$402.9M+1.1%	-$407.4M-1.0%	-$403.6M	N/A	-$396.3M-2.1%	-$388.0M

BYSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$16.4M+0.2%	-$16.5M+40.0%	-$27.5M+41.9%	-$47.2M-8.0%	-$43.7M+9.2%	-$48.2M
Capital Expenditures	$224K+124.0%	$100K+194.1%	$34K-98.8%	$2.8M+5369.2%	$52K+1200.0%	$4K
Free Cash Flow	-$16.7M-0.6%	-$16.6M+39.7%	-$27.5M+45.1%	-$50.1M-14.4%	-$43.8M+9.1%	-$48.2M
Investing Cash Flow	-$12.0M-11912.0%	-$100K-100.6%	$17.6M+186.0%	-$20.4M-39155.8%	-$52K-1200.0%	-$4K
Financing Cash Flow	$26.8M+669525.0%	$4K-99.9%	$3.4M+343000.0%	$1K-100.0%	$117.8M+47.0%	$80.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q2'23
Operating Cash Flow	-$4.2M+28.6%	-$5.9M-39.9%	-$4.2M-527.5%	$982K+114.1%	-$7.0M-32.6%	-$5.3M	N/A	N/A
Capital Expenditures	$0	$0-100.0%	$50K+85.2%	$27K	$0	$0	N/A	N/A
Free Cash Flow	-$4.2M+28.6%	-$5.9M-38.3%	-$4.2M-544.8%	$955K+113.7%	-$7.0M-32.6%	-$5.3M	N/A	N/A
Investing Cash Flow	-$1.2M-111.2%	$10.8M+72.1%	$6.3M+164.2%	-$9.8M	$0	$0	N/A	N/A
Financing Cash Flow	$3.0M	N/A	N/A	$1.8M	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BYSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	-2756.4%+2146.6pp	-4903.0%+30769.8pp	-35672.8%	N/A
Net Margin	N/A	N/A	-2463.3%+2287.2pp	-4750.5%+29123.4pp	-33873.9%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-32.4%+52.3pp	-84.8%-12.8pp	-72.0%+6.6pp	-78.6%-26.5pp	-52.1%+33.4pp	-85.5%
Current Ratio	2.60+0.3	2.31-2.9	5.24+0.3	4.96-3.3	8.24+4.2	4.06
Debt-to-Equity	-2.04-0.2	-1.80+6.4	-8.23-8.2	0.00-0.0	0.02-0.0	0.05
FCF Margin	N/A	N/A	-2035.4%+1672.0pp	-3707.3%+20624.3pp	-24331.7%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5.2%+0.6pp	-5.8%-17.9pp	12.1%+17.1pp	-5.0%+14.2pp	-19.3%	N/A	N/A	N/A
Current Ratio	1.89-0.3	2.19-0.3	2.49-0.1	2.60+0.8	1.82	N/A	2.31-1.5	3.78
Debt-to-Equity	-1.93+0.1	-2.03+0.3	-2.31-0.3	-2.04-0.5	-1.56	N/A	-1.80+0.8	-2.63
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$32.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Beyondspring Inc's annual revenue?

Beyondspring Inc (BYSI) reported $0 in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Beyondspring Inc profitable?

No, Beyondspring Inc (BYSI) reported a net income of -$11.1M in fiscal year 2024.

What is Beyondspring Inc's EBITDA?

Beyondspring Inc (BYSI) had EBITDA of -$8.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Beyondspring Inc's free cash flow?

Beyondspring Inc (BYSI) generated -$16.7M in free cash flow during fiscal year 2024. This represents a -0.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Beyondspring Inc's operating cash flow?

Beyondspring Inc (BYSI) generated -$16.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Beyondspring Inc's total assets?

Beyondspring Inc (BYSI) had $34.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Beyondspring Inc's capital expenditures?

Beyondspring Inc (BYSI) invested $224K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Beyondspring Inc spend on research and development?

Beyondspring Inc (BYSI) invested $2.6M in research and development during fiscal year 2024.

How many shares does Beyondspring Inc have outstanding?

Beyondspring Inc (BYSI) had 40M shares outstanding as of fiscal year 2024.

What is Beyondspring Inc's current ratio?

Beyondspring Inc (BYSI) had a current ratio of 2.60 as of fiscal year 2024, which is generally considered healthy.

What is Beyondspring Inc's debt-to-equity ratio?

Beyondspring Inc (BYSI) had a debt-to-equity ratio of -2.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Beyondspring Inc's return on assets (ROA)?

Beyondspring Inc (BYSI) had a return on assets of -32.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Beyondspring Inc's cash runway?

Based on fiscal year 2024 data, Beyondspring Inc (BYSI) had $2.9M in cash against an annual operating cash burn of $16.4M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Beyondspring Inc's debt-to-equity ratio negative or unusual?

Beyondspring Inc (BYSI) has negative shareholder equity of -$32.9M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Beyondspring Inc's Piotroski F-Score?

Beyondspring Inc (BYSI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Beyondspring Inc's earnings high quality?

Beyondspring Inc (BYSI) has an earnings quality ratio of 1.48x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.