Nuwellis vs Beyond Air
Nuwellis and Beyond Air are similar in size: $8.3m and $7.7m of revenue in their latest fiscal years. Beyond Air grew faster (107.3% against -5.4%). Nuwellis kept more of each dollar of sales as profit: a net margin of -211.9% against -433.0%.
| Latest fiscal year | NuwellisNUWE, 2025 | Beyond AirXAIR, 2026 |
|---|---|---|
| Revenue | $8.3m | $7.7m |
| Revenue growth | -5.4% | 107.3% |
| Net income | −$17.5m | −$33.2m |
| Operating margin | -134.3% | — |
| Net margin | -211.9% | -433.0% |
| Return on equity | — | — |
| Free cash flow | −$10.9m | −$19.2m |
| Cash | $1.1m | $6.7m |
| Total debt | $0 | $21.6m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 24 | 54 |
| Market value | $3.2m | $1.7m |
| Price vs our value range | — | — |
| Moat score | 33 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 6 buys, 0 sales |