NASDAQ: XTIA
XTI Aerospace, Inc.CIK 0001529113 · Information Technology · SIC 7371 · Computer Programming & Data Processing
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Latest financial statements
From 10-Q filed May 14, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 27.7 | 2.5 |
| Cost of revenue / cost of sales | 22.6 | 1.4 |
| Gross profit | 5.1 | 1.1 |
| Operating expenses: | ||
| Sales and marketing | 2.4 | 2.7 |
| Research and development | 1.2 | 2.0 |
| General and administrative | 11.7 | 11.1 |
| Total operating expenses | 15.5 | 15.9 |
| Operating income | (10.4) | (14.8) |
| Interest expense | 0.2 | — |
| Other income/(expense), net | (21.4) | 1.4 |
| Income before income taxes | (31.7) | (13.4) |
| Net income | (35.3) | (13.4) |
| Basic earnings per share | (1.00) | (0.61) |
| Diluted earnings per share | (1.00) | (0.61) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 15.2 | 16.7 |
| Accounts receivable, net | 9.1 | 12.1 |
| Inventories | 19.4 | 15.4 |
| Prepaid expenses and other current assets | 6.7 | 4.0 |
| Other current assets | — | 3.6 |
| Total current assets | 50.3 | 51.8 |
| Property, plant and equipment, net | 0.4 | 0.4 |
| Operating lease right-of-use assets, net | 1.7 | 3.0 |
| Finite-lived intangible assets, net | 9.1 | |
| Identifiable intangible assets, net | 9.1 | 9.3 |
| Goodwill | 11.5 | 11.5 |
| Deferred income taxes and other assets | 0.9 | 0.4 |
| Other long-term assets | (4.8) | 4.8 |
| TOTAL ASSETS | 78.3 | 81.2 |
| Current liabilities: | ||
| Line of credit | 10.6 | 7.9 |
| Accounts payable | 3.4 | 5.2 |
| Current portion of operating lease liabilities | 0.7 | 0.6 |
| Accrued liabilities | 0.3 | 0.4 |
| Income taxes payable | 1.2 | |
| Other current liabilities | 74.7 | 33.5 |
| Total current liabilities | 91.0 | 47.6 |
| Long-term debt | 10.6 | 7.9 |
| Operating lease liabilities | 1.0 | 2.4 |
| Other long-term liabilities | (10.6) | (7.2) |
| Total liabilities | 92.0 | 50.8 |
| Redeemable preferred stock | 2.7 | 2.7 |
| Shareholders' equity: | ||
| Common stock | 0.04 | 0.03 |
| Capital in excess of stated value | 170.9 | 157.4 |
| Retained earnings (deficit) | (197.6) | (162.3) |
| Total shareholders' equity | (26.6) | 17.7 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 78.3 | 81.2 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Nine months ended Sep 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (10.5) | (30.4) |
| Investing Activities: | ||
| Net cash from investing activities | (0.8) | (0.1) |
| Financing Activities: | ||
| Net cash from financing activities | 9.5 | 58.6 |
| Net increase/(decrease) in cash | (1.7) | 28.1 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗