XTIA
XTIA
XTI Aerospace, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.48M ▲ | $15.83M ▲ | $-13.45M ▲ | -541.3% ▲ | $-0.61 ▲ | $-13.33M ▲ |
| Q2-2025 | $600K ▲ | $11.61M ▲ | $-20.86M ▼ | -3.48K% ▼ | $-2.93 ▲ | $-20.73M ▼ |
| Q1-2025 | $484K ▼ | $10.74M ▲ | $-12.87M ▲ | -2.66K% ▼ | $-3.81 ▲ | $-12.49M ▲ |
| Q4-2024 | $1.03M ▲ | $10.53M ▲ | $-13.86M ▼ | -1.34K% ▼ | $-20.69 ▲ | $-13M ▼ |
| Q3-2024 | $918K | $4.74M | $-4.43M | -483.12% | $-33.4 | $-3.9M |
What's going well?
Sales grew sharply this quarter, showing the company can generate demand. The net loss improved compared to last quarter, and other income provided some relief.
What's concerning?
Margins collapsed, costs are rising much faster than sales, and the business is still losing a lot of money. The drastic drop in share count suggests a reverse split, which can be a red flag for struggling companies.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $32.2M ▲ | $47.93M ▲ | $35.73M ▲ | $12.2M ▼ |
| Q2-2025 | $20.05M ▲ | $35.45M ▲ | $22.08M ▲ | $13.37M ▼ |
| Q1-2025 | $8.19M ▲ | $27.13M ▲ | $13.2M ▼ | $14.34M ▲ |
| Q4-2024 | $4.11M ▲ | $24.29M ▼ | $17.72M ▼ | $6.57M ▼ |
| Q3-2024 | $511K | $29.28M | $22.42M | $6.87M |
What's financially strong about this company?
XTIA has a big cash cushion ($32.2 million) and almost no debt, giving it flexibility and safety. Most assets are liquid, so they can handle surprises or downturns.
What are the financial risks or weaknesses?
Receivables are rising much faster than sales, meaning customers are slower to pay. Equity is shrinking and the company has a long history of losses, which could be a concern if trends continue.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-13.45M ▲ | $-8.37M ▼ | $-23K ▲ | $20.88M ▲ | $12.15M ▲ | $-8.4M ▼ |
| Q2-2025 | $-20.86M ▼ | $-6.74M ▲ | $-58K ▼ | $18.52M ▼ | $12.04M ▲ | $-6.8M ▲ |
| Q1-2025 | $-12.87M ▲ | $-15.24M ▼ | $-45K ▼ | $19.17M ▲ | $3.9M ▲ | $-15.29M ▼ |
| Q4-2024 | $-13.86M ▼ | $-8M ▼ | $-22K ▲ | $11.64M ▲ | $3.59M ▲ | $-8.02M ▼ |
| Q3-2024 | $-4.43M | $-6.12M | $-36K | $869K | $-5.27M | $-6.15M |
What's strong about this company's cash flow?
XTIA improved its net loss and increased its cash balance by raising more money from investors. Capital spending is very low, so most cash outflow is not due to big investments.
What are the cash flow concerns?
The company is consistently burning cash and is highly dependent on selling new shares to survive. Working capital is getting worse, with more cash tied up in inventory and receivables, and shareholders are being heavily diluted.
Q3 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at XTI Aerospace, Inc.'s financial evolution and strategic trajectory over the past five years.
XTIA’s key strengths are its differentiated aircraft concept, a focused strategy in regional air mobility, and a set of complementary businesses in drones and location technology that provide diversification and practical know‑how. The balance sheet has been de‑risked somewhat through debt reduction, and product‑level margins suggest the company can price its offerings sensibly when it does generate revenue. Its patent portfolio and partnerships around hybrid propulsion and advanced systems add depth to the innovation narrative.
The main risks are financial and execution‑related. Revenues are small and declining, losses and cash burn are large, liquidity is tight, and the equity base is thin after years of accumulated deficits and multiple reverse splits. The company must fund a long, uncertain development and certification journey in a highly competitive field while also managing competitive pressures in its drone and RTLS units. Any delays, cost overruns, or market setbacks could quickly strain its limited resources.
XTIA’s future hinges on whether it can convert its technology and strategic vision into a sustainable, cash‑generating business before its financial flexibility runs out. If the TriFan 600 progresses successfully through certification and finds a receptive customer base, and if the acquired businesses can provide stable revenue and synergies, the company’s position could improve meaningfully over time. Until there is clear evidence of top‑line growth, improving operating performance, and more resilient cash generation, the outlook remains highly uncertain and sensitive to both execution and external funding conditions.
About XTI Aerospace, Inc.
https://www.xtiaircraft.comXTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc. and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.48M ▲ | $15.83M ▲ | $-13.45M ▲ | -541.3% ▲ | $-0.61 ▲ | $-13.33M ▲ |
| Q2-2025 | $600K ▲ | $11.61M ▲ | $-20.86M ▼ | -3.48K% ▼ | $-2.93 ▲ | $-20.73M ▼ |
| Q1-2025 | $484K ▼ | $10.74M ▲ | $-12.87M ▲ | -2.66K% ▼ | $-3.81 ▲ | $-12.49M ▲ |
| Q4-2024 | $1.03M ▲ | $10.53M ▲ | $-13.86M ▼ | -1.34K% ▼ | $-20.69 ▲ | $-13M ▼ |
| Q3-2024 | $918K | $4.74M | $-4.43M | -483.12% | $-33.4 | $-3.9M |
What's going well?
Sales grew sharply this quarter, showing the company can generate demand. The net loss improved compared to last quarter, and other income provided some relief.
What's concerning?
Margins collapsed, costs are rising much faster than sales, and the business is still losing a lot of money. The drastic drop in share count suggests a reverse split, which can be a red flag for struggling companies.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $32.2M ▲ | $47.93M ▲ | $35.73M ▲ | $12.2M ▼ |
| Q2-2025 | $20.05M ▲ | $35.45M ▲ | $22.08M ▲ | $13.37M ▼ |
| Q1-2025 | $8.19M ▲ | $27.13M ▲ | $13.2M ▼ | $14.34M ▲ |
| Q4-2024 | $4.11M ▲ | $24.29M ▼ | $17.72M ▼ | $6.57M ▼ |
| Q3-2024 | $511K | $29.28M | $22.42M | $6.87M |
What's financially strong about this company?
XTIA has a big cash cushion ($32.2 million) and almost no debt, giving it flexibility and safety. Most assets are liquid, so they can handle surprises or downturns.
What are the financial risks or weaknesses?
Receivables are rising much faster than sales, meaning customers are slower to pay. Equity is shrinking and the company has a long history of losses, which could be a concern if trends continue.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-13.45M ▲ | $-8.37M ▼ | $-23K ▲ | $20.88M ▲ | $12.15M ▲ | $-8.4M ▼ |
| Q2-2025 | $-20.86M ▼ | $-6.74M ▲ | $-58K ▼ | $18.52M ▼ | $12.04M ▲ | $-6.8M ▲ |
| Q1-2025 | $-12.87M ▲ | $-15.24M ▼ | $-45K ▼ | $19.17M ▲ | $3.9M ▲ | $-15.29M ▼ |
| Q4-2024 | $-13.86M ▼ | $-8M ▼ | $-22K ▲ | $11.64M ▲ | $3.59M ▲ | $-8.02M ▼ |
| Q3-2024 | $-4.43M | $-6.12M | $-36K | $869K | $-5.27M | $-6.15M |
What's strong about this company's cash flow?
XTIA improved its net loss and increased its cash balance by raising more money from investors. Capital spending is very low, so most cash outflow is not due to big investments.
What are the cash flow concerns?
The company is consistently burning cash and is highly dependent on selling new shares to survive. Working capital is getting worse, with more cash tied up in inventory and receivables, and shareholders are being heavily diluted.
Q3 2023 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at XTI Aerospace, Inc.'s financial evolution and strategic trajectory over the past five years.
XTIA’s key strengths are its differentiated aircraft concept, a focused strategy in regional air mobility, and a set of complementary businesses in drones and location technology that provide diversification and practical know‑how. The balance sheet has been de‑risked somewhat through debt reduction, and product‑level margins suggest the company can price its offerings sensibly when it does generate revenue. Its patent portfolio and partnerships around hybrid propulsion and advanced systems add depth to the innovation narrative.
The main risks are financial and execution‑related. Revenues are small and declining, losses and cash burn are large, liquidity is tight, and the equity base is thin after years of accumulated deficits and multiple reverse splits. The company must fund a long, uncertain development and certification journey in a highly competitive field while also managing competitive pressures in its drone and RTLS units. Any delays, cost overruns, or market setbacks could quickly strain its limited resources.
XTIA’s future hinges on whether it can convert its technology and strategic vision into a sustainable, cash‑generating business before its financial flexibility runs out. If the TriFan 600 progresses successfully through certification and finds a receptive customer base, and if the acquired businesses can provide stable revenue and synergies, the company’s position could improve meaningfully over time. Until there is clear evidence of top‑line growth, improving operating performance, and more resilient cash generation, the outlook remains highly uncertain and sensitive to both execution and external funding conditions.

CEO
Scott A. Pomeroy
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-01-10 | Reverse | 1:250 |
| 2024-03-13 | Reverse | 1:100 |
ETFs Holding This Stock
Summary
Showing Top 2 of 2
Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
ANSON FUNDS MANAGEMENT LP
Shares:1.32M
Value:$2.47M
VANGUARD GROUP INC
Shares:533.03K
Value:$996.77K
GEODE CAPITAL MANAGEMENT, LLC
Shares:303.46K
Value:$567.47K
Summary
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