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XTIA

XTI Aerospace, Inc.

XTIA

XTI Aerospace, Inc. • NASDAQ
$1.63 ▲ 1.24% (+0.02)
Market Cap $27.97 M
52w High $60.00
52w Low $0.96
Dividend Yield 0%
P/E 0.01
Volume 712.50K
Outstanding Shares 17.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.484M ▲ $15.832M ▲ $-13.446M ▲ -541.304% ▲ $-0.61 ▲ $-14.809M ▲
Q2-2025 $600K ▲ $11.613M ▲ $-20.858M ▼ -3.476K% ▼ $-2.93 ▲ $-20.728M ▼
Q1-2025 $484K ▼ $10.737M ▲ $-12.872M ▲ -2.66K% ▼ $-3.81 ▲ $-12.494M ▲
Q4-2024 $1.033M ▲ $10.525M ▲ $-13.856M ▼ -1.341K% ▼ $-20.69 ▲ $-12.997M ▼
Q3-2024 $918K $4.736M $-4.435M -483.115% $-33.4 $-3.898M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $32.198M ▲ $36.682M ▲ $0 ▼ $0 ▼
Q2-2025 $20.046M ▲ $35.448M ▲ $22.083M ▲ $13.365M ▼
Q1-2025 $8.186M ▲ $27.127M ▲ $13.198M ▼ $14.341M ▲
Q4-2024 $4.105M ▲ $24.291M ▼ $17.717M ▼ $6.574M ▼
Q3-2024 $511K $29.283M $22.418M $6.865M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-13.446M ▲ $-8.373M ▼ $-23K ▲ $20.88M ▲ $12.152M ▲ $-8.396M ▼
Q2-2025 $-20.858M ▼ $-6.741M ▲ $-58K ▼ $18.515M ▼ $12.038M ▲ $-6.799M ▲
Q1-2025 $-12.872M ▲ $-15.242M ▼ $-45K ▼ $19.173M ▲ $3.903M ▲ $-15.287M ▼
Q4-2024 $-13.856M ▼ $-8.002M ▼ $-22K ▲ $11.636M ▲ $3.594M ▲ $-8.024M ▼
Q3-2024 $-4.435M $-6.115M $-36K $869K $-5.268M $-6.151M

Five-Year Company Overview

Income Statement

Income Statement XTIA is essentially a development‑stage aerospace company with almost no recurring revenue yet. The income statement is driven by research, engineering, and corporate costs rather than sales. Losses have been consistent year after year, reflecting ongoing spending to develop the TriFan 600 and related businesses without a commercial product in full-scale operation. While the absolute size of the losses is still modest, the business model today is clearly “spend first, earn later,” so profitability is not in sight until successful certification and commercialization of its aircraft and better scaling of its other units.

Balance Sheet

Balance Sheet The balance sheet is very light and looks like that of a small, early‑stage company rather than a mature aerospace player. Asset and cash levels are low, leaving limited internal cushion to fund long development timelines. Equity is thin and there has been a history of financial restructuring, which often goes hand in hand with share dilution and recapitalizations. Debt appears manageable in size but, given the small asset base, the company’s capacity to take on more borrowing is likely constrained, making access to fresh equity or strategic capital important for future progress.

Cash Flow

Cash Flow Cash flows show a clear pattern: money is flowing out to cover operations and development, with no meaningful inflow from customers yet. Operating cash burn has been steady, and free cash flow is negative, as expected for a company designing a new aircraft and building out related businesses. Capital expenditure is minimal so far, meaning most spending is on people, testing, and development rather than large physical facilities. The key financial risk is whether XTIA can continue to secure enough funding to support several more years of development, certification work, and scaling before reaching self-sustaining cash generation.

Competitive Edge

Competitive Edge XTIA is trying to occupy a differentiated corner of advanced air mobility. Instead of focusing on short urban hops like many electric air taxi startups, it targets longer regional routes with a hybrid VTOL design that promises jet‑like speed and helicopter‑like access. This focus on range and speed, plus the ability to use existing airports and helipads, gives it a distinct strategic angle. Its use of proven engine technology may also offer a clearer certification pathway than some fully novel electric systems. On top of that, the Drone Nerds and Inpixon businesses provide diversification into drones and location technologies. The flip side is that the market is still unproven, competition in advanced air mobility remains intense, and larger aerospace and defense companies have far deeper resources, making execution, funding, and regulatory progress critical to preserving any early advantages.

Innovation and R&D

Innovation and R&D Innovation is XTIA’s core story. The TriFan 600 concept combines vertical takeoff with fixed‑wing cruise, powered initially by certified turboshaft engines with a roadmap toward more hybrid‑electric and eventually all‑electric solutions. The company is leaning heavily on high‑end simulation and computational tools to refine the design before full‑scale prototyping, and it is pursuing a staged development process using subscale test vehicles. Collaborations around advanced propulsion and the idea of a broader family of xVTOL aircraft signal long‑term ambition beyond a single product. The main risks are long development timelines, technical complexity, certification uncertainty, and the need to keep funding R&D at sufficient levels in the face of a very small balance sheet.

Summary

XTIA is a highly early‑stage, high‑risk aerospace developer with a bold concept in the TriFan 600 and some diversification through drones and location systems. Financially, it is still pre‑commercial, with minimal revenue, ongoing operating losses, a thin balance sheet, and negative cash flow, all of which point to ongoing dependence on external capital. Strategically, the company is trying to carve out a unique niche in regional advanced air mobility, leveraging existing infrastructure, hybrid propulsion, and a differentiated performance profile. The opportunity is significant if the technology, certification, and market adoption all come together, but the path is long, capital‑intensive, and uncertain, and the company is competing in a space where larger, better‑funded players are also racing to establish leadership.

NEWS

November 19, 2025 · 5:00 PM UTC

XTI Aerospace Reports Third Quarter 2025 Results and Provides Business Update

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November 19, 2025 · 9:00 AM UTC

XTI Aerospace Hosts Exclusive Dinner at Trump's Mar-a-Lago, Showcasing the Future of the Vertical Economy™

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November 14, 2025 · 5:00 PM UTC

XTI Aerospace Announces Rescheduled Town Hall Addressing Strategic Initiatives

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November 13, 2025 · 4:15 PM UTC

XTI Aerospace, Inc. Announces Postponement of Annual Meeting of Stockholders

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November 12, 2025 · 8:45 AM UTC

XTI Aerospace Acquires Drone Nerds and Closes $25 Million Strategic Investment by Unusual Machines

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