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MARKETS / NASDAQ / XTIA
NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · SMALL CAP

XTI Aerospace, Inc. XTIA

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$22.5M
▲ 602.4% YoY
$-68.8M
$-36.8M
In brief

What this company does

XTI Aerospace is a provider of unmanned aerial systems (“UAS”) solutions operating through two business divisions: a commercial drone solutions business and an advanced systems and defense division. The Company’s commercial drone solutions business, conducted primarily through its majority owned subsidiary, XTI Drones Holdings, LLC, which owns Drone Nerds, LLC and Anzu Robotics, LLC (collectively, “Drone Nerds”), constitutes substantially all of the Company’s revenues. The Company was originally founded around the development of the TriFan 600, a planned vertical takeoff and landing (“VTOL”) aircraft. In 2025, the Company acquired Drone Nerds and, in light of that acquisition and its assessment of near-term opportunities in the unmanned systems market, redirected its former XTI Aircraft division beginning in 2026 toward the design and development of unmanned platforms for defense and commercial applications. The Company’s near-term focus is on growing its commercial drone platform, expanding the range of products and services offered to enterprise and government customers, and pursuing strategic acquisitions that extend its geographic reach and customer base. XTI’s objective is to build a scalable UAS solutions platform through organic growth in its commercial business, targeted acquisitions and the staged development of its advanced systems and domestic manufacturing capabilities.

Written from the business description in XTI Aerospace, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth
USD 22.5M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 22.5 · Net income -68.8
25.0M50.0M-25.0M-50.0M2013201520172019202120232025
Compound annual growth
+54.4%
+19.3%
−10.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +19.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−305 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -190.4% · Net -304.5%
-500%-1000%2013201520172019202120232025
ROE
FY2025 · ROE -565.7%
-200%-400%-600%2013201520172019202120232025

Each USD of equity lost 566 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -36.8
-20M2013201520172019202120232025

Total assetsUSD 81.2M
EquityUSD 17.7M
CashUSD 16.7M
Gross debtUSD 8.4M
Net debtUSD -8.3M
Current ratio1.09×

The company holds more cash than debt.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B0.00.00.00.00.00.00.00.00.00.10.10.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B·−0.0−0.0···−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.00.0−0.0−0.0−0.0−0.0·0.00.0···
Net income $B−0.1−0.0−0.0−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0
EPS, diluted $−4.24−162.78−1576.48−3412.09−51.18−1.01−47.52−2600.77−5511.40−468.26−8.30−0.42−0.35
Dividend / sh $·············
Payout %·············
ROE %−565.7··−189.7−109.4−115.4−629.1··−185.3−42.3−39.1−54.8
Shares out B0.030.000.000.000.000.050.000.000.000.000.000.020.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 30 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming Services
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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