Beyondspring Inc Financials
Beyondspring Inc (BYSI) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
BeyondSpring’s reported progress comes mainly from shrinking its cost base, while cash use and balance-sheet strain still define operations.
Between FY2021 and FY2025, net loss narrowed from-$64.2M to-$1.0M . Yet operating cash flow in FY2025 was-$19.8M against only$7.8M of cash, so the apparent earnings recovery did not make the business self-funding.
The cleaner income statement largely reflects expense compression, not commercial scale: in the last valid revenue years, sales stayed near
The balance-sheet pressure comes more from accumulated losses than from borrowings, with no long-term debt reported but liabilities still above assets from FY2022 onward. Liquidity also tightened as the current ratio slipped from 5.2x in FY2022 to 1.5x in FY2025, leaving less room to absorb ongoing cash use.
Financial Health Signals
Beyondspring Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Beyondspring Inc scores -22.54, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($29.7M) relative to total liabilities ($58.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Beyondspring Inc passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Beyondspring Inc reported a net loss of $1.0M while operations used $19.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Beyondspring Inc generated $0 in revenue in fiscal year 2025.
Beyondspring Inc's EBITDA was -$8.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.6% from the prior year.
Beyondspring Inc reported -$1.0M in net income in fiscal year 2025. This represents an increase of 91.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Beyondspring Inc recorded an outflow of $19.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 18.9% from the prior year.
Beyondspring Inc held $7.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
Beyondspring Inc invested $4.4M in research and development in fiscal year 2025. This represents an increase of 66.0% from the prior year.
Beyondspring Inc invested $50K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 77.7% from the prior year.
Not reported for fiscal year 2025.
BYSI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0 | $0 | $0-100.0% | $1.4M0.0% | $1.4M+650.6% | $180K | $0 | $0 | $0 | $0 | $0 | $0 |
| R&D Expenses | N/A | $4.4M+66.0% | $2.6M-63.6% | $7.3M-71.6% | $25.6M-30.6% | $36.9M-11.7% | $41.8M+33.3% | $31.3M | N/A | $88.9M+752.0% | $10.4M+66.1% | $6.3M+234.9% | $1.9M |
| SG&A Expenses | N/A | $4.6M-25.4% | $6.1M-21.8% | $7.8M-40.0% | $13.0M-57.6% | $30.7M+35.9% | $22.6M+152.1% | $9.0M+51.3% | $5.9M-34.5% | $9.1M+368.8% | $1.9M+61.9% | $1.2M+412.0% | $233K |
| Operating Income | N/A | -$8.9M-2.2% | -$8.8M+42.0% | -$15.1M+59.5% | -$37.2M+43.8% | -$66.2M-3.2% | -$64.2M-59.3% | -$40.3M | N/A | -$98.0M-692.2% | -$12.4M-65.5% | -$7.5M-254.4% | -$2.1M |
| Interest Expense | N/A | N/A | N/A | N/A | $17K-80.5% | $87K+2.4% | $85K-58.7% | $206K | N/A | N/A | N/A | $532K-35.6% | $826K |
| Income Tax | N/A | $90K-6.3% | $96K+204.3% | -$92K-156.4% | $163K-95.4% | $3.6M | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$1.0M+91.0% | -$11.1M+47.1% | -$21.0M+36.8% | -$33.3M+48.1% | -$64.2M-5.3% | -$61.0M-60.1% | -$38.1M | N/A | -$91.8M-664.1% | -$12.0M-50.7% | -$8.0M-164.5% | -$3.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BYSI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.9M-24.4% | $34.3M+38.3% | $24.8M-46.3% | $46.2M-43.4% | $81.6M-30.2% | $117.0M+162.7% | $44.6M+530.8% | $7.1M-78.5% | $32.8M+120.2% | $14.9M+35.9% | $11.0M | N/A |
| Current Assets | $20.9M-26.9% | $28.6M+55.1% | $18.4M-52.2% | $38.5M-48.7% | $75.1M-33.8% | $113.4M+177.5% | $40.9M+596.0% | $5.9M-81.8% | $32.3M+119.9% | $14.7M+34.5% | $10.9M | N/A |
| Cash & Equivalents | $7.8M+166.5% | $2.9M-45.8% | $5.4M-84.3% | $34.4M-17.4% | $41.6M-62.0% | $109.5M+204.8% | $35.9M+824.0% | $3.9M-85.8% | $27.5M+135.1% | $11.7M+8.0% | $10.8M+2660.5% | $392K |
| Total Liabilities | $58.1M-13.6% | $67.2M+39.3% | $48.3M-2.0% | $49.2M-10.9% | $55.3M+119.2% | $25.2M+87.9% | $13.4M-18.4% | $16.4M+243.2% | $4.8M+83.7% | $2.6M+98.9% | $1.3M | N/A |
| Current Liabilities | $13.6M+23.3% | $11.0M+38.4% | $8.0M+8.2% | $7.4M-51.5% | $15.2M+10.1% | $13.8M+36.9% | $10.1M-38.9% | $16.4M+243.2% | $4.8M+83.7% | $2.6M+98.9% | $1.3M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0-100.0% | $2.2M+50.9% | $1.4M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$32.2M+2.2% | -$32.9M-22.7% | -$26.8M-348.3% | -$6.0M-122.4% | $26.7M-69.8% | $88.3M+191.8% | $30.3M+489.9% | -$7.8M-128.7% | $27.1M+122.8% | $12.2M+35.8% | $8.9M+195.3% | -$9.4M |
| Retained Earnings | -$408.4M-0.2% | -$407.4M-2.8% | -$396.3M-5.6% | -$375.3M-9.7% | -$342.0M-23.1% | -$277.8M-28.1% | -$216.8M-21.3% | -$178.8M-44.3% | -$123.9M-285.6% | -$32.1M-59.7% | -$20.1M | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
BYSI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$16.7M | -$19.8M-20.2% | -$16.4M+0.2% | -$16.5M+40.0% | -$27.5M+41.9% | -$47.2M-8.0% | -$43.7M+9.2% | -$48.2M | N/A | -$28.8M-110.2% | -$13.7M-108.5% | -$6.6M-473.3% | -$1.1M |
| Capital Expenditures | $0 | $50K-77.7% | $224K+124.0% | $100K+194.1% | $34K-98.8% | $2.8M+5369.2% | $52K+1200.0% | $4K-98.1% | $207K+172.4% | $76K+18.8% | $64K+60.0% | $40K | N/A |
| Free Cash Flow | -$16.7M | -$19.8M-18.9% | -$16.7M-0.6% | -$16.6M+39.7% | -$27.5M+45.1% | -$50.1M-14.4% | -$43.8M+9.1% | -$48.2M | N/A | -$28.9M-109.8% | -$13.8M-108.2% | -$6.6M | N/A |
| Investing Cash Flow | -$1.9M | $10.8M+189.8% | -$12.0M-11912.0% | -$100K-100.6% | $17.6M+186.0% | -$20.4M-39155.8% | -$52K-1200.0% | -$4K-100.1% | $2.9M+191.0% | -$3.1M-4821.9% | -$64K-118.0% | $355K | N/A |
| Financing Cash Flow | $737K | $5.0M-81.5% | $26.8M+669525.0% | $4K-99.9% | $3.4M+343000.0% | $1K-100.0% | $117.8M+47.0% | $80.2M+505.3% | $13.2M-72.2% | $47.7M+224.4% | $14.7M-11.7% | $16.7M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BYSI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | -2756.4% | -4903.0% | -35672.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | -2463.3% | -4750.5% | -33873.9% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | -240.5%-171.5pp | -69.0%+56.8pp | -125.8% | N/A | -338.9%-240.1pp | -98.8%-9.8pp | -89.0% | N/A |
| Return on Assets | -3.9%+28.5pp | -32.4%+52.3pp | -84.8%-12.8pp | -72.0%+6.6pp | -78.6%-26.5pp | -52.1%+33.4pp | -85.5% | N/A | -279.5%-199.0pp | -80.6%-7.9pp | -72.7% | N/A |
| Current Ratio | 1.54-1.1x | 2.60+0.3x | 2.31-2.9x | 5.24+0.3x | 4.96-3.3x | 8.24+4.2x | 4.06+3.7x | 0.36-6.4x | 6.75+1.1x | 5.64-2.7x | 8.34 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.000.0x | 0.020.0x | 0.05 | N/A | 0.180.0x | 0.21+0.1x | 0.15 | N/A |
| FCF Margin | N/A | N/A | N/A | -2035.4% | -3707.3% | -24331.7% | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$32.2M), 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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Where Beyondspring Inc Ranks
Frequently Asked Questions
What is Beyondspring Inc's annual revenue?
Beyondspring Inc (BYSI) reported $0 in total revenue for fiscal year 2025. 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 -$1.0M in fiscal year 2025.
What is Beyondspring Inc's EBITDA?
Beyondspring Inc (BYSI) had EBITDA of -$8.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Beyondspring Inc's free cash flow?
Beyondspring Inc (BYSI) recorded an outflow of $19.8M in free cash flow during fiscal year 2025. This represents a -18.9% 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) recorded an outflow of $19.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Beyondspring Inc's total assets?
Beyondspring Inc (BYSI) had $25.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Beyondspring Inc's capital expenditures?
Beyondspring Inc (BYSI) invested $50K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Beyondspring Inc spend on research and development?
Beyondspring Inc (BYSI) invested $4.4M in research and development during fiscal year 2025.
What is Beyondspring Inc's current ratio?
Beyondspring Inc (BYSI) had a current ratio of 1.54 as of fiscal year 2025, which is generally considered healthy.
What is Beyondspring Inc's return on assets (ROA)?
Beyondspring Inc (BYSI) had a return on assets of -3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Beyondspring Inc's cash runway?
Based on fiscal year 2025 data, Beyondspring Inc (BYSI) had $7.8M in cash against an annual operating cash burn of $19.8M. This gives an estimated cash runway of approximately 5 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 not reported?
Beyondspring Inc (BYSI) has negative shareholder equity of -$32.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Beyondspring Inc (BYSI) has an Altman Z-Score of -22.54, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Beyondspring Inc's Piotroski F-Score?
Beyondspring Inc (BYSI) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $1.0M while operations used $19.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.