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6May 14, 2026·SEC
Apr 15, 2026·SEC
Mar 16, 2026·SEC
XTI Aerospace, Inc. (XTIA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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XTI Aerospace, Inc. (XTIA) stock price & volume — 10-year historical chart
XTI Aerospace, Inc. (XTIA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
XTI Aerospace, Inc. (XTIA) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
XTI Aerospace, Inc. (XTIA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
XTI Aerospace, Inc. (XTIA) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 3.94M | 3.76M | 6.3M | 9.3M | 15.99M | 6.11M | 0 | 3.2M | 22.49M | 49.7M |
Revenue Growth % | -92.6% | -4.55% | 67.76% | 47.55% | 72.04% | -61.81% | -100% | - | 602.37% | 1333.99% |
Cost of Goods Sold | 6.03M | 5.86M | 6.76M | 6.24M | 8.84M | 3.01M | 38K | 1.94M | 17.57M | 39.97M |
COGS % of Revenue | 153.19% | 156.1% | 107.27% | 67.09% | 55.27% | 49.24% | - | 60.46% | 78.12% | - |
Gross Profit | -2.09M▲ 0% | -2.11M▼ 0.7% | -458K▲ 78.3% | 3.06M▲ 768.1% | 7.15M▲ 133.8% | 3.1M▼ 56.7% | -38K▼ 101.2% | 1.27M▲ 3431.6% | 4.92M▲ 288.7% | 9.73M▲ 0% |
Gross Margin % | -53.19% | -56.1% | -7.27% | 32.91% | 44.73% | 50.76% | - | 39.54% | 21.88% | 19.58% |
Gross Profit Growth % | -119.75% | -0.67% | 78.26% | 768.12% | 133.79% | -56.65% | -101.23% | 3431.58% | 288.7% | - |
Operating Expenses | 12.35M | 15.55M | 29.7M | 28.17M | 56.39M | 20.45M | 5.71M | 29.25M | 45.89M | 51.22M |
OpEx % of Revenue | 313.72% | 414.03% | 471.39% | 302.97% | 352.54% | 334.72% | - | 913.46% | 204.06% | - |
Selling, General & Admin | 11.38M | 14.32M | 25.81M | 21.64M | 49.61M | 15.96M | 4.33M | 25.25M | 38.45M | 44.16M |
SG&A % of Revenue | 289.22% | 381.26% | 409.6% | 232.81% | 310.18% | 261.32% | - | 788.66% | 170.96% | - |
Research & Development | 964K | 1.23M | 3.89M | 6.52M | 14.12M | 4.48M | 1.38M | 4M | 5.24M | 4.72M |
R&D % of Revenue | 24.5% | 32.77% | 61.78% | 70.16% | 88.28% | 73.4% | - | 124.8% | 23.3% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | -7.34M | 0 | 0 | 0 | 2.21M | 1.34M |
Operating Income | -14.44M▲ 0% | -17.66M▼ 22.3% | -30.16M▼ 70.8% | -25.11M▲ 16.8% | -49.23M▼ 96.1% | -17.35M▲ 64.8% | -5.74M▲ 66.9% | -27.98M▼ 387.2% | -40.97M▼ 46.4% | -41.49M▲ 0% |
Operating Margin % | -366.91% | -470.13% | -478.65% | -270.05% | -307.81% | -283.96% | - | -873.92% | -182.18% | -83.48% |
Operating Income Growth % | 12.62% | -22.3% | -70.8% | 16.75% | -96.1% | 64.77% | 66.89% | -387.17% | -46.42% | - |
EBITDA | -9.64M | -12.87M | -25.01M | -21.48M | -42.11M | -14.38M | -5.71M | -27.01M | -40.32M | -41.02M |
EBITDA Margin % | -245.03% | -342.68% | -396.92% | -231.07% | -263.25% | -235.39% | - | -843.57% | -179.3% | -82.53% |
EBITDA Growth % | 11.24% | -33.49% | -94.31% | 14.1% | -96% | 65.85% | 60.32% | -373.38% | -49.29% | -19.29% |
D&A (Non-Cash Add-back) | 4.8M | 4.79M | 5.15M | 3.62M | 7.13M | 2.97M | 38K | 972K | 649K | 473K |
EBIT | -14.44M | -17.66M | -30.16M | -25.11M | -49.23M | -17.35M | -5.74M | -27.98M | -52.78M | -50.5M |
Net Interest Income | 0 | -3.97K | -1.98M | -2.43M | 1.18M | -600K | -4.73M | -799K | -270K | 101K |
Interest Income | 0 | 1.24M | 300.85K | 0 | 1.18M | 0 | 0 | 364K | 0 | 0 |
Interest Expense | 1.88M | 1.24M | 2.28M | 2.43M | 0 | 600K | 4.73M | 1.16M | 270K | -101K |
Other Income/Expense | -3.64M | -2.13M | -4.41M | -4.16M | -22.31M | -2.52M | -19.32M | -7.6M | -12.07M | -30.41M |
Pretax Income | -18.08M▲ 0% | -19.78M▼ 9.4% | -34.57M▼ 74.7% | -29.27M▲ 15.3% | -71.54M▼ 144.4% | -19.86M▲ 72.2% | -25.07M▼ 26.2% | -35.59M▼ 42.0% | -53.05M▼ 49.1% | -71.91M▲ 0% |
Pretax Margin % | -459.49% | -526.7% | -548.58% | -314.83% | -447.28% | -325.14% | - | -1111.4% | -235.86% | -144.67% |
Income Tax | 0 | 0 | -584K | -56K | -1.41M | -181K | 0 | 16K | -10K | 3.57M |
Effective Tax Rate % | 0% | 0% | 1.69% | 0.19% | 1.97% | 0.91% | 0% | -0.04% | 0.02% | -4.97% |
Net Income | -35.01M▲ 0% | -24.57M▲ 29.8% | -33.99M▼ 38.3% | -29.23M▲ 14.0% | -69.16M▼ 136.6% | -63.39M▲ 8.3% | -25.07M▲ 60.5% | -35.6M▼ 42.0% | -68.76M▼ 93.1% | -91.2M▲ 0% |
Net Margin % | -889.78% | -654.21% | -539.45% | -314.39% | -432.35% | -1037.71% | - | -1111.9% | -305.74% | -183.5% |
Net Income Growth % | -29.13% | 29.82% | -38.33% | 14.01% | -136.6% | 8.33% | 60.46% | -42.04% | -93.13% | -98.81% |
Net Income (Continuing) | -18.08M | -19.78M | -33.98M | -29.21M | -70.13M | -19.68M | -25.07M | -35.6M | -53.04M | -75.48M |
Discontinued Operations | -16.95M | -4.78M | 0 | 0 | 0 | -46.62M | 0 | 0 | -15.46M | 0 |
Minority Interest | -2.01M | 18K | 26K | 41K | 0 | -1.18M | 390K | 0 | 10.01M | 10.28M |
EPS (Diluted) | -21.32▲ 0% | -24.93▼ 16.9% | -26.73▼ 7.2% | -7611.60▼ 28375.9% | -126.36▲ 98.3% | -2.82▲ 97.8% | -1576.48▼ 55803.5% | -162.77▲ 89.7% | -4.24▲ 97.4% | -2.58▲ 0% |
EPS Growth % | 100% | -16.93% | -7.22% | -28375.87% | 98.34% | 97.77% | -55803.55% | 89.68% | 97.4% | 98.4% |
EPS (Basic) | -21.32 | -24.93 | -26.73 | -7611.60 | -126.36 | -2.82 | -1576.48 | -162.77 | -4.24 | - |
Diluted Shares Outstanding | 149.78K | 152.37K | 146.4K | 38.4K | 146K | 167.43K | 15.9K | 227.19K | 16.34M | 35.28M |
Basic Shares Outstanding | 149.78K | 152.37K | 146.4K | 38.4K | 146K | 167.43K | 15.9K | 218.73K | 16.34M | 35.28M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
XTI Aerospace, Inc. (XTIA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 9.21M | 3.36M | 6.76M | 30.32M | 4.57M | 29.87M | 20.5M | 8.58M | 51.82M | 50.34M |
Cash & Short-Term Investments | 189K | 1.08M | 4.85M | 25.99M | 4.32M | 9.28M | 6.25M | 4.11M | 16.7M | 15.19M |
Cash Only | 189K | 1.08M | 4.85M | 18M | 4.32M | 9.28M | 6.25M | 4.11M | 16.7M | 15.19M |
Short-Term Investments | 0 | 0 | 0 | 8M | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 442K | 1.28M | 1.18M | 1.89M | 170.21K | 1.42M | 6.77M | 1.24M | 12.09M | 9.05M |
Days Sales Outstanding | 41 | 124.78 | 68.47 | 74.24 | 3.88 | 84.84 | - | 141.81 | 196.26 | 43.44 |
Inventory | 783K | 568K | 400K | 1.24M | 0 | 2M | 2.42M | 2.21M | 15.4M | 19.41M |
Days Inventory Outstanding | 47.41 | 35.36 | 21.6 | 72.74 | - | 242.32 | 23.2K | 417.41 | 319.94 | 88.43 |
Other Current Assets | 3.16M | 426K | 334K | 1.2M | 0 | 17.12M | 5.06M | 84K | 7.63M | 6.69M |
Total Non-Current Assets | 18.48M | 8.82M | 14.45M | 28.69M | 333.6K | 27.77M | 3.27M | 15.71M | 29.42M | 28M |
Property, Plant & Equipment | 348K | 202K | 1.73M | 3.52M | 31.63K | 869K | 612K | 546K | 0 | 2.09M |
Fixed Asset Turnover | 11.31x | 18.59x | 3.64x | 2.64x | 505.67x | 7.03x | - | 5.86x | - | 64.13x |
Goodwill | 636K | 0 | 2.07M | 6.59M | 0 | 0 | 0 | 12.07M | 11.54M | 11.54M |
Intangible Assets | 0 | 205.24K | 9.94M | 0 | 301.96K | 3.52M | 2.51M | 1.88M | 9.34M | 9.11M |
Long-Term Investments | 140K | 2.27M | 616K | 2.5M | 0 | 666K | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 10.04M | 147K | 94K | 152K | 0 | 22.72M | 145K | 1.21M | 8.54M | 5.26M |
Total Assets | 27.69M▲ 0% | 12.18M▼ 56.0% | 21.22M▲ 74.2% | 59.01M▲ 178.1% | 4.9M▼ 91.7% | 57.63M▲ 1076.3% | 23.77M▼ 58.8% | 24.29M▲ 2.2% | 81.25M▲ 234.5% | 78.34M▲ 0% |
Asset Turnover | 0.14x | 0.31x | 0.30x | 0.16x | 3.26x | 0.11x | - | 0.13x | 0.28x | 0.82x |
Asset Growth % | -58.34% | -56.02% | 74.24% | 178.1% | -91.7% | 1076.32% | -58.76% | 2.2% | 234.47% | 491.08% |
Total Current Liabilities | 42.03M | 7.28M | 13.74M | 12.12M | 10.05M | 24.71M | 16.9M | 17.42M | 47.6M | 90.95M |
Accounts Payable | 1.56M | 1.13M | 2.38M | 908K | 454.24K | 720K | 2.45M | 5.49M | 5.21M | 3.41M |
Days Payables Outstanding | 94.58 | 70.29 | 128.69 | 53.14 | 18.75 | 87.37 | 23.52K | 1.03K | 108.28 | 31.66 |
Short-Term Debt | 3.06M | 4.13M | 987.9K | 6.05M | 1.07M | 12.56M | 8.74M | 2.66M | 8.48M | 11.7M |
Deferred Revenue (Current) | 58K | 234K | 912K | 1.92M | 1.1M | 546K | 625K | 1.88M | 3.07M | 7.49M |
Other Current Liabilities | 37.35M | 1.67M | 9.17M | 3.24M | 6.18M | 8.84M | 3.64M | 6.28M | 30.84M | 68.35M |
Current Ratio | 0.22x | 0.46x | 0.49x | 2.50x | 0.45x | 1.21x | 1.21x | 0.49x | 1.09x | 0.55x |
Quick Ratio | 0.20x | 0.38x | 0.46x | 2.40x | 0.45x | 1.13x | 1.07x | 0.37x | 0.77x | 0.34x |
Cash Conversion Cycle | -6.17 | 89.85 | -38.62 | 93.85 | - | 239.8 | - | -475.26 | 407.92 | 100.21 |
Total Non-Current Liabilities | 4.51M | 93K | 1.08M | 2.21M | 3.37M | 806K | 141K | 296K | 3.2M | 1.02M |
Long-Term Debt | 767K | 74K | 1.08M | 0 | 3.37M | 3.75M | 0 | 65K | 450K | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 1.46M | 0 | 334K | 141K | 231K | 2.43M | 3.78M |
Deferred Tax Liabilities | -2.64M | 0 | 87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 3.75M | 19K | 0 | 757K | 0 | -3.27M | 0 | 0 | 322K | 0 |
Total Liabilities | 46.54M | 7.38M | 15.17M | 14.33M | 13.41M | 25.52M | 17.04M | 17.72M | 50.8M | 91.97M |
Total Debt | 3.83M | 4.2M | 2.07M | 7.5M | 4.44M | 16.85M | 9.08M | 3.07M | 11.36M | 12.72M |
Net Debt | 3.64M | 3.12M | 4.07M | -10.49M | 120.75K | 7.57M | 2.83M | -1.03M | -5.34M | -2.46M |
Debt / Equity | - | 0.87x | 0.34x | 0.17x | - | 0.52x | 1.35x | 0.47x | 0.37x | -0.93x |
Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.31x |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.06x |
Interest Coverage | -7.66x | -14.23x | -13.25x | -10.35x | - | -28.91x | -1.21x | -24.06x | -195.47x | 499.96x |
Total Equity | -18.85M▲ 0% | 4.8M▲ 125.5% | 6.05M▲ 25.9% | 44.68M▲ 638.8% | -8.51M▼ 119.1% | 32.12M▲ 477.2% | 6.73M▼ 79.0% | 6.57M▼ 2.3% | 30.44M▲ 363.1% | -13.63M▲ 0% |
Equity Growth % | -794.91% | 125.48% | 25.92% | 638.76% | -119.05% | 477.23% | -79.05% | -2.3% | 363.1% | 272.13% |
Book Value per Share | -125.87 | 31.52 | 41.31 | 1163.54 | -58.31 | 191.82 | 423.21 | 28.94 | 1.86 | -0.39 |
Total Shareholders' Equity | -16.85M | 4.79M | 6.02M | 44.64M | -8.51M | 33.3M | 6.34M | 6.57M | 20.44M | -23.91M |
Common Stock | 1K | 2K | 4K | 53K | 35.6K | 0 | 3K | 2K | 33K | 38K |
Retained Earnings | -94.49M | -117.77M | -151.76M | -180.99M | -32.42M | -313.74M | -359.7M | -93.56M | -162.32M | -197.59M |
Treasury Stock | -695K | -695K | -695K | -695K | 0 | -695K | -695K | 0 | 0 | 0 |
Accumulated OCI | 62K | 26K | 94K | 660K | 0 | 1.06M | 630K | -622K | 881K | 0 |
Minority Interest | -2.01M | 18K | 26K | 41K | 0 | -1.18M | 390K | 0 | 10.01M | 10.28M |
XTI Aerospace, Inc. (XTIA) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.25M | -26.77M | -10.66M | -20.6M | -37.13M | -33.96M | -4.18M | -22.31M | -36.61M | -31.82M |
Operating CF Margin % | 57.15% | -712.59% | -169.26% | -221.59% | -232.14% | -555.95% | - | -696.66% | -162.79% | - |
Operating CF Growth % | 180.75% | -1290.08% | 60.15% | -93.16% | -80.24% | 8.53% | 87.69% | -433.53% | -64.12% | -3.22% |
Net Income | -18.06M | -19.79M | -33.99M | -29.23M | -18.45M | -16.77M | -25.07M | -35.6M | -68.49M | -91.2M |
Depreciation & Amortization | 4.8M | 4.79M | 5.15M | 3.62M | 7.13M | 539.56K | 2.15M | 972K | 649K | 843K |
Stock-Based Compensation | 0 | 1.12M | 2.46M | 0 | 12.47M | -6.22M | 1.64M | 4.12M | 12.05M | 7.07M |
Deferred Taxes | 0 | 0 | -584K | -87K | -2.59M | -1K | 2.59M | 0 | 0 | 0 |
Other Non-Cash Items | -4.74M | 14.54M | 14.58M | 8.32M | -36.5M | -11.51M | 12.16M | 672K | 20.4M | 39.56M |
Working Capital Changes | 15.46M | -9.24M | 1.72M | -3.23M | 819.44K | -4K | 2.34M | 7.53M | -1.22M | 1.64M |
Change in Receivables | 8.71M | 744K | 46K | -964K | -249.6K | -115K | 26K | -18K | -1.99M | 2.19M |
Change in Inventory | 270K | 222K | 171K | -117K | 0 | -565K | 0 | 611K | 2.62M | -1.36M |
Change in Payables | 5.41M | -8.45M | 1.19M | -1.81M | 0 | 182K | 1.27M | 346K | -2.54M | -3.77M |
Cash from Investing | -1.32M | -1.43M | -5.11M | -23.51M | -53.51M | 36.39M | -17K | 2.85M | -18.76M | -19.54M |
Capital Expenditures | -1.35M | -892K | -1.02M | -1.83M | -1.37M | -1.19M | -357K | -68K | -215K | -301K |
CapEx % of Revenue | 34.43% | 23.75% | 16.12% | 19.73% | 8.56% | 19.53% | - | 2.12% | 0.96% | 0.61% |
Acquisitions | 37K | -175K | -4.09M | 311K | -16.78M | 0 | 0 | 2.97M | -16.55M | -17.24M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | -362K | 0 | 0 | 0 | -150K | 17K | -47K | 0 | 0 |
Cash from Financing | -2.66M | 29M | 19.41M | 57.26M | 125.04M | -34.59M | 4.09M | 23.56M | 68.21M | 58.55M |
Debt Issued (Net) | -9.24M | 2.24M | -1.11M | 2.41M | 2.54M | 580K | 3.86M | 2.14M | -15.89M | -11.1M |
Equity Issued (Net) | 6.58M | 28.96M | 20.73M | 55.35M | 128.44M | -41.45M | 224K | 1.21M | 82.67M | 69.65M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -10M | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -102.45M | 0 | -795K | -1.43M | 0 |
Other Financing | 0 | -2.2M | -210K | -500K | -5.94M | 6.29M | 10M | 20.21M | 1.43M | 0 |
Net Change in Cash | -1.7M▲ 0% | 889K▲ 152.2% | 3.77M▲ 324.2% | 13.15M▲ 248.6% | 34.48M▲ 162.3% | -43.2M▼ 225.3% | -9.28M▲ 78.5% | 4.1M▲ 144.2% | 12.81M▲ 212.5% | 7.18M▲ 0% |
Free Cash Flow | 894K▲ 0% | -27.66M▼ 3193.6% | -11.68M▲ 57.8% | -22.43M▼ 92.1% | -38.5M▼ 71.6% | -35.16M▲ 8.7% | -4.18M▲ 88.1% | -22.42M▼ 435.9% | -36.83M▼ 64.2% | -32.12M▲ 0% |
FCF Margin % | 22.72% | -736.34% | -185.38% | -241.31% | -240.7% | -575.48% | - | -700.25% | -163.74% | -64.63% |
FCF Growth % | 118.3% | -3193.62% | 57.76% | -92.06% | -71.61% | 8.69% | 88.1% | -435.9% | -64.24% | 8.6% |
FCF per Share | 5.97 | -181.51 | -79.79 | -584.24 | -263.70 | -209.98 | -263.14 | -98.69 | -2.25 | -0.91 |
FCF Conversion (FCF/Net Income) | -0.06x | 1.09x | 0.31x | 0.70x | 0.54x | 0.54x | 0.17x | 0.63x | 0.53x | 0.35x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 17K | 61K | 329K | 48K |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 125K | 17K | 16K | 14K | 14K |
XTI Aerospace, Inc. (XTIA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -511.6% | -626.5% | -115.24% | -382.42% | -537.2% | -129.06% | -535.26% | -371.5% | -860.83% |
Return on Invested Capital (ROIC) | - | - | -404.26% | -100.55% | -286.29% | -83.16% | -17.5% | -278.05% | -200.54% | 729.04% |
Gross Margin | -53.19% | -56.1% | -7.27% | 32.91% | 44.73% | 50.76% | - | 39.54% | 21.88% | 19.58% |
Net Margin | -889.78% | -654.21% | -539.45% | -314.39% | -432.35% | -1037.71% | - | -1111.9% | -305.74% | -183.5% |
Debt / Equity | - | 0.87x | 0.34x | 0.17x | - | 0.52x | 1.35x | 0.47x | 0.37x | -0.93x |
Interest Coverage | -7.66x | -14.23x | -13.25x | -10.35x | - | -28.91x | -1.21x | -24.06x | -195.47x | 499.96x |
FCF Conversion | -0.06x | 1.09x | 0.31x | 0.70x | 0.54x | 0.54x | 0.17x | 0.63x | 0.53x | 0.35x |
Revenue Growth | -92.6% | -4.55% | 67.76% | 47.55% | 72.04% | -61.81% | -100% | - | 602.37% | 1333.99% |
XTI Aerospace, Inc. (XTIA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 14, 2026·SEC
Apr 15, 2026·SEC
Mar 16, 2026·SEC
XTI Aerospace, Inc. (XTIA) stock FAQ — growth, dividends, profitability & financials explained
XTI Aerospace, Inc. (XTIA) reported $49.7M in revenue for fiscal year 2025. This represents a 7% decrease from $53.2M in 2016.
XTI Aerospace, Inc. (XTIA) grew revenue by 602.4% over the past year. This is strong growth.
XTI Aerospace, Inc. (XTIA) reported a net loss of $91.2M for fiscal year 2025.
XTI Aerospace, Inc. (XTIA) has a return on equity (ROE) of -371.5%. Negative ROE indicates the company is unprofitable.
XTI Aerospace, Inc. (XTIA) had negative free cash flow of $32.1M in fiscal year 2025, likely due to heavy capital investments.