Beyond Air, Inc. (XAIR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XAIR SEC filings page.
Beyond Air, Inc. (XAIR) reported $7.7M in revenue over the twelve months to Jun 30, 2026, up 60.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Beyond Air remains development-stage: improving product economics have not yet offset losses, while financing carries more of the balance-sheet burden.
Gross margin turned positive by FY2026 while operating cash outflow narrowed to$18.1M from$56.0M in FY2024, indicating better unit economics are reducing—but not eliminating—the cash burden. The business is moving toward commercial viability operationally, but accounting losses still exceed the cash improvement.
FY2026 research and development spending was
Debt-to-equity rose from 0.7x in FY2024 to 4.8x in FY2026, showing financing has become more prominent as losses accumulated. Equity was
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Beyond Air, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Beyond Air, Inc. held $11.6M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $18.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Beyond Air, Inc. scores 24/100 among other emerging companies.
Beyond Air, Inc. had 14M shares outstanding at the end of fiscal year 2026. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Beyond Air, Inc. scores 84/100 among other emerging companies.
Beyond Air, Inc. spent $10.2M on research and development in fiscal year 2026, which was 27.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Beyond Air, Inc. scores 61/100 among other emerging companies.
Beyond Air, Inc. reported revenue of $7.7M in fiscal year 2026, against $3.7M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Beyond Air, Inc. scores 89/100 among other emerging companies.
Beyond Air, Inc.'s operations used $18.1M of cash in fiscal year 2026, against $38.2M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Beyond Air, Inc. scores 79/100 among other emerging companies.
Beyond Air, Inc.'s cash, cash equivalents and investments came to $11.6M at the end of fiscal year 2026, against $29.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Beyond Air, Inc. scores 39/100 among other emerging companies.
Beyond Air, Inc. scores -14.47, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.2M) relative to total liabilities ($29.2M). 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.
Beyond Air, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Beyond Air, Inc. reported a net loss of $33.2M while operations used $18.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Beyond Air, Inc. reported an operating loss of $29.0M against $3.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Beyond Air, Inc. generated $1.8M in revenue in Q1 2027. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 7.3%.
Beyond Air, Inc.'s EBITDA was -$5.8M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 10.2%.
Beyond Air, Inc. reported -$7.9M in net income in Q1 2027. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 22.8%.
Cash & Balance Sheet
Beyond Air, Inc. recorded an outflow of $5.2M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 9.1% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.
Beyond Air, Inc. held $5.5M in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Margins & Returns
Beyond Air, Inc.'s gross margin was 12.7% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.8 percentage points.
Beyond Air, Inc.'s ROE was -397.4% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 319.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 229.5 percentage points.
Not shown for Q1 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Beyond Air, Inc. invested $2.0M in research and development in Q1 2027. This represents a decrease of 36.5% from the same quarter a year earlier. Against the prior quarter it is down 13.9%.
Beyond Air, Inc. invested $208K in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 5.1% from the same quarter a year earlier. Against the prior quarter it is down 62.0%.
Not reported for Q1 2027.
XAIR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M+0.5% | $1.9M+65.5% | $2.2M+104.7% | $1.8M+127.8% | $1.8M+157.7% | $1.2M+145.1% | $1.1M+174.2% | $798K+233.9% |
| Cost of Revenue | $1.5M-3.8% | $1.8M+53.3% | $1.9M+47.2% | $2.1M+12.4% | $1.6M+57.9% | $1.2M+20.3% | $1.3M+72.1% | $1.9M+335.6% |
| Gross Profit | $225K+44.2% | $94K+393.8% | $300K+239.5% | -$298K+72.5% | $156K+147.0% | -$32K+93.8% | -$215K+39.6% | -$1.1M-461.7% |
| R&D Expenses | $2.0M-36.5% | $2.3M-30.1% | $2.4M-19.2% | $2.5M-46.6% | $3.1M-48.6% | $3.3M-42.8% | $3.0M-56.1% | $4.6M-35.7% |
| SG&A Expenses | $4.9M+4.1% | $5.0M+28.5% | $4.5M-42.2% | $4.9M-31.4% | $4.7M-35.3% | $3.9M-39.5% | $7.7M-20.8% | $7.2M-29.9% |
| Operating Income | -$6.6M+13.2% | -$7.2M0.0% | -$6.6M+39.8% | -$7.7M+40.3% | -$7.6M+43.9% | -$7.2M+43.2% | -$11.0M+35.4% | -$12.8M+26.8% |
| EBITDA | -$5.8M+14.7% | -$6.5M0.0% | -$5.8M+42.9% | -$6.9M+43.0% | -$6.8M+47.1% | -$6.5M+45.8% | -$10.2M+38.7% | -$12.0M+29.8% |
| Interest Expense | $1.5M+172.3% | $1.2M+114.2% | $1.1M+98.2% | $639K-31.1% | $548K-43.2% | $579K-37.1% | $549K-40.3% | $927K+1.4% |
| Net Income | -$7.9M-3.2% | -$10.3M-28.0% | -$7.3M+43.7% | -$7.9M+40.6% | -$7.7M+37.0% | -$8.0M+41.4% | -$13.0M+19.7% | -$13.4M+17.6% |
| EPS (Basic) | -$11.00+64.1% | -$0.57-1040.0% | -$0.85+71.3% | -$1.25+78.0% | -$30.67-476.5% | -$0.05+86.1% | -$2.96-492.0% | -$5.67-1011.8% |
| EPS (Diluted) | -$11.00 | -$0.57 | -$0.85 | -$1.25 | -$30.67 | -$0.05 | -$2.96 | -$5.67 |
| Diluted Shares (Avg) | 721,328 | N/A | 9M | 6M | 250,747 | N/A | 4M | 2M |
Not reported in any period shown, so not listed: Income Tax.
XAIR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32.9M+17.0% | $35.4M+17.7% | $36.8M+7.7% | $31.0M-41.6% | $28.1M-39.5% | $30.1M-47.2% | $34.1M-34.2% | $53.0M-8.6% |
| Current Assets | $22.8M+52.4% | $24.8M+54.6% | $25.6M+32.2% | $18.6M-51.1% | $15.0M-51.5% | $16.0M-63.5% | $19.3M-51.0% | $38.0M-19.3% |
| Cash & Equivalents | $5.5M+10.7% | $6.7M+44.5% | $6.6M+44.4% | $9.7M-65.9% | $5.0M+19.6% | $4.7M-59.0% | $4.6M-42.3% | $28.4M+115.9% |
| Short-Term Investments | $4.3M+189.4% | $4.9M+117.6% | $5.0M-21.0% | $996K | $1.5M-91.4% | $2.3M-90.2% | $6.3M-72.7% | $0-100.0% |
| Inventory | $1.3M-46.9% | $1.4M-41.8% | $1.8M-26.0% | $2.2M-11.8% | $2.4M+1.8% | $2.4M+13.6% | $2.4M+55.2% | $2.5M+60.5% |
| Accounts Receivable | $1.1M+41.8% | $1.1M+53.0% | $1.2M+80.1% | $892K+60.4% | $804K+69.3% | $710K+122.6% | $639K+117.3% | $556K+171.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $30.1M+69.7% | $29.2M+85.6% | $28.5M+80.7% | $17.9M-24.7% | $17.7M-38.5% | $15.7M-47.2% | $15.8M-44.6% | $23.7M-18.7% |
| Current Liabilities | $6.9M+49.3% | $6.5M+30.2% | $5.0M-8.1% | $4.4M-33.6% | $4.6M-60.6% | $5.0M-56.8% | $5.4M-53.4% | $6.6M-47.0% |
| Non-Current Liabilities | $23.1M+76.9% | $22.7M+111.4% | $23.5M+127.4% | $13.5M-21.2% | $13.1M-23.3% | $10.7M-41.1% | $10.3M-38.5% | $17.1M+2.4% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $11.8M-32.3% | $12.5M-28.6% |
| Total Equity | $2.0M-79.9% | $6.1M-54.9% | $8.1M-54.0% | $12.7M-54.7% | $9.9M-38.5% | $13.6M-45.8% | $17.6M-15.2% | $28.1M+9.2% |
| Retained Earnings | -$327.5M-11.4% | -$319.6M-11.6% | -$309.3M-11.1% | -$302.0M-13.8% | -$294.0M-16.7% | -$286.3M-19.5% | -$278.3M-23.1% | -$265.3M-26.5% |
Not reported in any period shown, so not listed: Goodwill.
XAIR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.9M-9.3% | -$4.9M+28.9% | -$4.2M+45.4% | -$4.5M+66.6% | -$4.5M+55.5% | -$7.0M+35.1% | -$7.7M+44.0% | -$13.3M+6.8% |
| Depreciation & Amortization | $800K0.0% | $800K0.0% | $800K0.0% | $800K0.0% | $800K+14.3% | $800K+30.1% | $800K+100.0% | $800K+100.0% |
| Stock-Based Compensation | $1.0M-34.3% | N/A | $1.5M-39.4% | $1.8M-43.3% | $1.6M-53.3% | N/A | $2.5M-61.5% | $3.1M-51.6% |
| Capital Expenditures | $208K+5.1% | $547K-63.5% | $34K-93.7% | $246K-79.1% | $198K-92.6% | $1.5M-22.4% | $537K-59.8% | $1.2M-30.1% |
| Free Cash Flow | -$5.2M-9.1% | -$5.5M+35.0% | -$4.3M+48.6% | -$4.7M+67.6% | -$4.7M+63.2% | -$8.5M+33.2% | -$8.3M+45.4% | -$14.5M+9.2% |
| Investing Cash Flow | $461K-20.0% | -$447K-117.3% | -$4.0M+41.7% | $240K-98.5% | $576K-81.5% | $2.6M+254.8% | -$6.9M-913.2% | $16.1M+1013.3% |
| Financing Cash Flow | $3.1M-24.8% | $4.9M+8.9% | $11.2M+221.6% | $8.9M-58.8% | $4.1M+1640.2% | $4.5M-71.7% | -$9.2M-275.9% | $21.6M+4510.7% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
XAIR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.7%+3.9pp | 4.9%+7.7pp | 13.7%+33.7pp | -16.4% | 8.9%+57.5pp | -2.8% | -20.1%+71.0pp | -135.8% |
| Operating Margin | -374.0% | -376.0% | -300.6% | -421.4% | -432.8% | -622.6% | -1021.6% | -1608.1% |
| Net Margin | -448.8% | -539.2% | -334.4% | -436.7% | -437.0% | -697.4% | -1215.7% | -1673.9% |
| Return on Equity | -397.4%-319.9pp | -167.8%-108.7pp | -90.5%-16.6pp | -62.4%-14.9pp | -77.5%-1.8pp | -59.1%-4.4pp | -73.9%+4.1pp | -47.5%+15.5pp |
| Return on Assets | -24.1%+3.2pp | -29.1%-2.3pp | -20.0%+18.2pp | -25.6%-0.4pp | -27.4%-1.1pp | -26.7%-2.7pp | -38.2%-6.9pp | -25.2%+2.8pp |
| Current Ratio | 3.31+0.1x | 3.80+0.6x | 5.12+1.6x | 4.24-1.5x | 3.24+0.6x | 3.20-0.6x | 3.56+0.2x | 5.76+2.0x |
| Debt-to-Equity | 15.05+13.3x | 4.76+3.6x | 3.51+2.8x | 1.40+1.0x | 1.78+0.7x | 1.16+0.5x | 0.67-0.2x | 0.44-0.2x |
| Asset Turnover | 0.050.0x | 0.050.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.040.0x | 0.030.0x | 0.020.0x |
| FCF Margin | -291.5% | -288.0% | -193.8% | -258.5% | -268.4% | -733.9% | -771.5% | -1819.9% |
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: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Beyond Air, Inc. XAIR | FY2026 | $7.7M | -$33.2M | N/A | $2.2M | 63/100 |
| SiNtx Technologies, Inc. SINT | FY2025 | $1.0M | -$10.4M | N/A | $14.1M | 51/100 |
| DIH HOLDINGS US INC A DHAI | FY2025 | $62.9M | -$8.7M | -13.8% | $1.6M | — |
| Ainos, Inc. AIMD | FY2025 | $124K | -$14.8M | N/A | $8.9M | — |
| Intelligent Bio Solutions Inc. INBS | FY2026 | $4.2M | -$12.4M | N/A | $5.1M | 40/100 |
| enVVeno Medical Corporation NVNO | FY2025 | N/A | -$19.5M | N/A | $6.1M | — |
Where Beyond Air, Inc. Ranks
Frequently Asked Questions
What is Beyond Air, Inc.'s annual revenue?
Beyond Air, Inc. (XAIR) reported $7.7M in total revenue for fiscal year 2026. This represents a 107.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Beyond Air, Inc.'s revenue growing?
Beyond Air, Inc. (XAIR) revenue grew by 107.3% year-over-year, from $3.7M to $7.7M in fiscal year 2026.
Is Beyond Air, Inc. profitable?
No, Beyond Air, Inc. (XAIR) reported a net income of -$33.2M in fiscal year 2026.
What is Beyond Air, Inc.'s EBITDA?
Beyond Air, Inc. (XAIR) had EBITDA of -$25.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Beyond Air, Inc.'s gross margin?
Beyond Air, Inc. (XAIR) had a gross margin of 3.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Beyond Air, Inc.'s return on equity (ROE)?
Beyond Air, Inc. (XAIR) has a return on equity of -542.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Beyond Air, Inc.'s free cash flow?
Beyond Air, Inc. (XAIR) recorded an outflow of $19.2M in free cash flow during fiscal year 2026. This represents a 56.5% 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 Beyond Air, Inc.'s operating cash flow?
Beyond Air, Inc. (XAIR) recorded an outflow of $18.1M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Beyond Air, Inc.'s total assets?
Beyond Air, Inc. (XAIR) had $35.4M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Beyond Air, Inc.'s capital expenditures?
Beyond Air, Inc. (XAIR) invested $1.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Beyond Air, Inc. spend on research and development?
Beyond Air, Inc. (XAIR) invested $10.2M in research and development during fiscal year 2026.
What is Beyond Air, Inc.'s current ratio?
Beyond Air, Inc. (XAIR) had a current ratio of 3.80 as of fiscal year 2026, which is generally considered healthy.
What is Beyond Air, Inc.'s debt-to-equity ratio?
Beyond Air, Inc. (XAIR) had a debt-to-equity ratio of 4.76 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Beyond Air, Inc.'s return on assets (ROA)?
Beyond Air, Inc. (XAIR) had a return on assets of -94.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Beyond Air, Inc.'s P/E ratio?
Beyond Air, Inc. (XAIR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Beyond Air, Inc.'s price-to-sales ratio?
Beyond Air, Inc. (XAIR) trades at 0.3x sales, its market capitalization divided by revenue of $7.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Beyond Air, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Beyond Air, Inc. (XAIR) held $11.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $18.1M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Beyond Air, Inc.'s Altman Z-Score?
Beyond Air, Inc. (XAIR) has an Altman Z-Score of -14.47, 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 Beyond Air, Inc.'s Piotroski F-Score?
Beyond Air, Inc. (XAIR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 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 Beyond Air, Inc.'s earnings high quality?
Beyond Air, Inc. (XAIR) reported a net loss of $33.2M while operations used $18.1M 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.
Can Beyond Air, Inc. cover its interest payments?
Beyond Air, Inc. (XAIR) reported an operating loss of $29.0M against $3.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Beyond Air, Inc.?
Beyond Air, Inc. (XAIR) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.