NASDAQ : XTIA
XTI Aerospace, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 1.11 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 42.71M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
XTI Aerospace, Inc. (XTIA) reported revenue of 82.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 82.64M | 22.49M | ||||
| Cost of Revenue | 66.92M | 17.57M | ||||
| Gross Profit | 15.71M | 4.92M | ||||
| Selling, General & Admin | 54.91M | 38.45M | 21.18M | 4.34M | 11.00M | 14.63M |
| Research & Development | 4.51M | 5.24M | 1.97M | 1.38M | 2.96M | 2.67M |
| Amortization of Goodwill & Intangibles | 608.00K | 166.00K | 30.00K | 27.00K | 26.58K | |
| Operating Expenses | 62.07M | 45.89M | 23.18M | 5.74M | 13.99M | 17.30M |
| Operating Income | -46.36M | -40.97M | -23.18M | -5.74M | -13.99M | -17.30M |
| Interest Expense | -570.00K | -270.00K | -799.00K | -1.23M | -877.56K | -745.13K |
| Other Non Operating Income (Expenses) | -8.38M | -7.15M | -239.00K | -272.00K | 11.95K | -400.81K |
| EBT Excluding Unusual Items | -55.10M | -48.39M | -24.21M | -7.25M | -14.85M | -18.45M |
| Merger & Restructuring Charges | -3.98M | -3.89M | -6.49M | -1.84M | -419.03K | |
| Gain (Loss) on Sale of Investments | -349.00K | -349.00K | -3.70M | -196.00K | 330.50K | |
| Other Unusual Items | -421.00K | 6.15M | -15.78M | 14.47M | ||
| Pretax Income | -59.43M | -53.05M | -28.25M | -25.07M | -472.92K | -18.45M |
| Income Tax Expense | -4.00K | -10.00K | 16.00K | |||
| Earnings From Continuing Operations | -59.42M | -53.04M | -28.27M | -25.07M | -472.92K | -18.45M |
| Earnings From Discontinued Operations | -12.78M | -15.46M | -7.33M | |||
| Net Income to Company | -72.21M | -68.49M | -35.60M | -25.07M | -472.92K | -18.45M |
| Minority Interest in Earnings | -846.00K | -270.00K | ||||
| Net Income | -73.06M | -68.76M | -35.60M | -25.07M | -472.92K | -18.45M |
| Preferred Dividends & Other Adjustments | 450.00K | 437.00K | 1.38M | |||
| Net Income to Common | -73.50M | -69.20M | -36.98M | -25.07M | -472.92K | -18.45M |
| Shares Outstanding (Basic) | 32.13M | 16.34M | 227.19K | 15.90K | 167.43K | 146.00K |
| Shares Outstanding (Diluted) | 32.13M | 16.34M | 227.19K | 15.90K | 167.43K | 146.00K |
| EPS (Basic) | -2.29 | -4.24 | -162.78 | -1,576.48 | -2.82 | -126.36 |
| EPS (Diluted) | -2.29 | -4.24 | -162.78 | -1,576.48 | -2.82 | -126.36 |
| Free Cash Flow | -35.92M | -36.83M | -22.38M | -4.18M | -4.83M | -4.45M |
| Free Cash Flow Per Share | -1.12 | -2.25 | -98.48 | -263.14 | -28.84 | -30.45 |
| Gross Margin | 19.01% | 21.88% | ||||
| Operating Margin | -56.10% | -182.18% | ||||
| Profit Margin | -88.95% | -307.68% | ||||
| Free Cash Flow Margin | -43.47% | -163.74% | ||||
| EBITDA | -45.47M | -40.44M | -22.44M | -5.71M | -13.95M | -17.27M |
| EBITDA Margin | -55.03% | -179.80% | ||||
| D&A For EBITDA | 883.00K | 535.00K | 735.00K | 38.00K | 38.63K | 29.99K |
| EBIT | -46.36M | -40.97M | -23.18M | -5.74M | -13.99M | -17.30M |
| EBIT Margin | -56.10% | -182.18% | ||||
| Advertising Expenses | 6.83K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.21M | 16.70M | 3.97M | 5.00K | 114.76K | 4.32M |
| Short-Term Investments | 2.69M | 2.65M | 22.00K | 3.00K | 4.00K | |
| Cash & Short-Term Investments | 9.90M | 19.34M | 3.97M | 27.00K | 117.76K | 4.32M |
| Accounts Receivable | 13.17M | 12.09M | ||||
| Other Receivables | 513.00K | 101.00K | 126.95K | 170.21K | ||
| Receivables | 13.17M | 12.09M | 513.00K | 101.00K | 126.95K | 170.21K |
| Inventory | 19.09M | 15.40M | ||||
| Prepaid Expenses | 3.17M | 1.34M | 888.00K | 13.00K | 17.64K | 8.20K |
| Other Current Assets | 3.65M | 3.21M | 90.00K | 19.92K | 67.19K | |
| Total Current Assets | 45.34M | 51.82M | 8.58M | 231.00K | 282.26K | 4.57M |
| Property, Plant & Equipment | 1.91M | 3.35M | 382.00K | 12.00K | 19.59K | 31.63K |
| Goodwill | 11.54M | 11.54M | ||||
| Other Intangible Assets | 8.88M | 9.34M | 284.00K | 266.00K | 279.43K | 301.96K |
| Other Long-Term Assets | 879.00K | 5.19M | 15.04M | |||
| Total Assets | 72.84M | 81.25M | 24.29M | 509.00K | 581.29K | 4.90M |
| Accounts Payable | 2.59M | 5.21M | 5.19M | 2.50M | 1.21M | 454.24K |
| Accrued Expenses | 7.74M | 6.56M | 6.59M | 1.69M | 1.92M | 784.05K |
| Short-Term Debt | 4.88M | 7.93M | 2.66M | |||
| Current Portion of Long-Term Debt | 8.76M | 6.69M | 1.62M | 1.07M | ||
| Current Portion of Leases | 630.00K | 550.00K | 88.00K | |||
| Other Current Liabilities | 58.40M | 27.35M | 2.89M | 2.39M | 7.07M | 7.74M |
| Total Current Liabilities | 84.24M | 47.60M | 17.42M | 13.26M | 11.82M | 10.05M |
| Long-Term Debt | 450.00K | 65.00K | 18.55M | 3.60M | 3.37M | |
| Long-Term Leases | 909.00K | 2.43M | 231.00K | |||
| Other Long-Term Liabilities | 2.70M | 3.02M | 333.00K | 150.00K | ||
| Total Liabilities | 87.85M | 53.50M | 17.72M | 32.14M | 15.56M | 13.41M |
| Common Stock | 38.00K | 33.00K | 2.00K | 35.64K | 35.60K | |
| Additional Paid-In Capital | 174.72M | 157.35M | 99.42M | 26.33M | 17.87M | 23.87M |
| Retained Earnings | -200.35M | -162.32M | -93.56M | -57.96M | -32.89M | -32.42M |
| Comprehensive Income & Other | 881.00K | -622.00K | ||||
| Total Common Equity | -25.59M | -4.05M | 5.24M | -31.63M | -14.98M | -8.51M |
| Minority Interest | 10.58M | 10.01M | ||||
| Shareholders' Equity | -15.01M | 27.74M | 6.57M | -31.63M | -14.98M | -8.51M |
| Total Liabilities & Equity | 72.84M | 81.25M | 24.29M | 509.00K | 581.29K | 4.90M |
| Total Debt | 15.18M | 11.36M | 3.04M | 25.24M | 5.22M | 4.44M |
| Net Cash (Debt) | -5.28M | 7.99M | 931.00K | -25.21M | -5.10M | -116.75K |
| Net Cash Per Share | -0.16 | 0.49 | 4.10 | -1,585.47 | -30.45 | -0.80 |
| Filing Date Shares Outstanding | 38.48M | 38.47M | 5.54M | 35.82M | 34.64M | 146.00K |
| Total Common Shares Outstanding | 38.48M | 32.79M | 1.69M | 35.82M | 34.64M | 146.00K |
| Working Capital | -38.90M | 4.22M | -8.84M | -13.03M | -11.54M | -5.48M |
| Book Value Per Share | -0.67 | -0.12 | 3.11 | -0.88 | -0.43 | -58.31 |
| Tangible Book Value | -46.01M | -24.94M | 4.96M | -31.89M | -15.26M | -8.82M |
| Tangible Book Value Per Share | -1.20 | -0.76 | 2.94 | -0.89 | -0.44 | -60.38 |
| Machinery | 33.30K | 35.29K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -72.78M | -68.49M | -35.60M | -25.07M | -472.92K | -18.45M |
| Depreciation & Amortization | 1.31M | 649.00K | 972.00K | 38.00K | 38.63K | 29.99K |
| Other Amortization | 500.92K | 453.56K | ||||
| Asset Writedown & Restructuring Costs | 5.85M | 10.53M | 2.51M | |||
| Loss (Gain) From Sale of Investments | 3.26M | |||||
| Stock-Based Compensation | 19.49M | 12.05M | 4.12M | 1.65M | 8.25M | 12.47M |
| Provision & Write-off of Bad Debts | 2.13M | 2.13M | ||||
| Other Operating Activities | 9.66M | 7.75M | -5.09M | 16.86M | -14.81M | 400.81K |
| Change in Accounts Receivable | -2.19M | -1.99M | -18.00K | 26.00K | -249.60K | |
| Change in Inventory | -1.05M | 2.62M | 611.00K | |||
| Change in Accounts Payable | -3.38M | -2.54M | 346.00K | 1.27M | 757.22K | -132.64K |
| Change in Unearned Revenue | -167.00K | -167.00K | -435.00K | |||
| Change in Other Net Operating Assets | 4.67M | 869.00K | 7.03M | 1.05M | 908.65K | 1.07M |
| Operating Cash Flow | -35.64M | -36.61M | -22.31M | -4.18M | -4.83M | -4.41M |
| Capital Expenditures | -282.00K | -215.00K | -68.00K | -3.00K | -35.29K | |
| Cash Acquisitions | -16.55M | -16.55M | 2.97M | |||
| Sale (Purchase) of Intangibles | -47.00K | -14.00K | -4.07K | -11.91K | ||
| Other Investing Activities | -2.69M | -2.00M | ||||
| Investing Cash Flow | -19.52M | -18.76M | 2.85M | -17.00K | -4.07K | -47.20K |
| Short-Term Debt Issued | 3.01M | 125.00K | ||||
| Long-Term Debt Issued | 3.75M | 600.00K | 2.61M | |||
| Total Debt Issued | 45.01M | 3.01M | 3.88M | 600.00K | 2.61M | |
| Short-Term Debt Repaid | -62.52K | |||||
| Long-Term Debt Repaid | -15.89M | -868.00K | -14.00K | -20.00K | -76.58K | |
| Total Debt Repaid | -52.92M | -15.89M | -868.00K | -14.00K | -20.00K | -139.10K |
| Net Debt Issued (Repaid) | -7.91M | -15.89M | 2.14M | 3.86M | 580.00K | 2.47M |
| Issuance of Common Stock | 28.87M | 62.78M | 22.21M | 224.00K | 50.23K | 230.00K |
| Other Financing Activities | -1.05M | 5.95M | ||||
| Financing Cash Flow | 42.66M | 68.21M | 23.56M | 4.09M | 630.23K | 8.65M |
| Foreign Exchange Rate Adjustments | -329.00K | -23.00K | -10.00K | |||
| Net Cash Flow | -12.83M | 12.81M | 4.10M | -110.00K | -4.20M | 4.19M |
| Free Cash Flow | -35.92M | -36.83M | -22.38M | -4.18M | -4.83M | -4.45M |
| Free Cash Flow Margin | -43.47% | -163.74% | ||||
| Free Cash Flow Per Share | -1.12 | -2.25 | -98.48 | -263.14 | -28.84 | -30.45 |
| Levered Free Cash Flow | 7.83M | -16.72M | -6.30M | -6.36M | -13.67M | |
| Unlevered Free Cash Flow | 8.18M | -16.55M | -5.81M | -5.59M | -13.62M | |
| Cash Interest Paid | 534.00K | 329.00K | 61.00K | 17.00K | 3.00K | |
| Cash Income Tax Paid | 5.00K | 14.00K | 16.00K | |||
| Change in Working Capital | -2.11M | -1.22M | 7.53M | 2.34M | 1.67M | 686.79K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 40.40M | 40.66M | 12.66M | |||
| Enterprise Value | 45.68M | 8.69M | 22.04M | |||
| Last Close Price | 1.05 | 1.24 | 10.75 | |||
| PS Ratio | 0.49 | 1.81 | ||||
| PB Ratio | 1.47 | 1.93 | ||||
| P/TBV Ratio | 2.55 | |||||
| EV/Sales Ratio | 0.55 | 0.39 | ||||
| Debt / Equity Ratio | -1.01 | 0.41 | 0.46 | -0.80 | -0.35 | -0.52 |
| Net Debt / Equity Ratio | -0.35 | -0.29 | -0.14 | -0.80 | -0.34 | -0.01 |
| Net Debt / EBITDA Ratio | -0.12 | 0.20 | 0.04 | -4.42 | -0.36 | -0.01 |
| Net Debt / FCF Ratio | -0.15 | 0.22 | 0.04 | -6.03 | -1.06 | -0.03 |
| Asset Turnover | 1.53 | 0.43 | ||||
| Quick Ratio | 0.27 | 0.66 | 0.26 | 0.01 | 0.02 | 0.45 |
| Current Ratio | 0.54 | 1.09 | 0.49 | 0.02 | 0.02 | 0.45 |
| Return on Equity (ROE) | -309.09% | |||||
| Return on Assets (ROA) | -53.51% | -48.53% | -116.82% | -658.54% | -319.03% | |
| Return on Capital Employed (ROCE) | 406.70% | -121.80% | -337.40% | 45.10% | 124.50% | 336.10% |
| Earnings Yield | -217.85% | -169.13% | -281.21% | |||
| FCF Yield | -88.90% | -90.58% | -176.73% | |||
| Buyback Yield / Dilution | -1,031.96% | -7,091.15% | -1,328.89% | 90.50% | -14.67% | 0.27% |