XTI Aerospace Financials

XTIA

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Key Financial Metrics

Revenue

$3.2M

YoY-29.8%

5Y CAGR-12.7%

10Y CAGR-25.8%

XTI Aerospace generated $3.2M in revenue in fiscal year 2024. This represents a decrease of 29.8% from the prior year.

EBITDA

-$36.9M

YoY-386.5%

XTI Aerospace's EBITDA was -$36.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 386.5% from the prior year.

Free Cash Flow

-$22.4M

YoY-434.8%

XTI Aerospace generated -$22.4M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents a decrease of 434.8% from the prior year.

Net Income

-$35.6M

YoY-42.0%

XTI Aerospace reported -$35.6M in net income in fiscal year 2024. This represents a decrease of 42.0% from the prior year.

EPS (Diluted)

$-162.78

YoY+89.7%

XTI Aerospace earned $-162.78 per diluted share in fiscal year 2024. This represents an increase of 89.7% from the prior year.

Cash & Debt

$4.1M

YoY+82000.0%

5Y CAGR-3.0%

10Y CAGR+2.4%

XTI Aerospace held $4.1M in cash against $65K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+13073.5%

5Y CAGR-16.8%

10Y CAGR-21.8%

XTI Aerospace had 2M shares outstanding in fiscal year 2024. This represents an increase of 13073.5% from the prior year.

Gross Margin

59.0%

YoY-9.1pp

5Y CAGR-15.5pp

10Y CAGR+29.2pp

XTI Aerospace's gross margin was 59.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 9.1 percentage points from the prior year.

Operating Margin

-1154.9%

YoY-988.6pp

5Y CAGR-824.6pp

10Y CAGR-1142.7pp

XTI Aerospace's operating margin was -1154.9% in fiscal year 2024, reflecting core business profitability. This is down 988.6 percentage points from the prior year.

Net Margin

-1111.9%

YoY-562.4pp

5Y CAGR-572.5pp

10Y CAGR-1099.9pp

XTI Aerospace's net profit margin was -1111.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 562.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$4.0M

YoY+189.4%

5Y CAGR+0.5%

10Y CAGR+20.6%

XTI Aerospace invested $4.0M in research and development in fiscal year 2024. This represents an increase of 189.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$68K

YoY+2166.7%

5Y CAGR-5.2%

10Y CAGR-24.0%

XTI Aerospace invested $68K in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 2166.7% from the prior year.

XTIA Income Statement

Metric	FY24	FY23	FY23	FY21	FY21	FY20
Revenue	$3.2M-29.8%	$4.6M-25.3%	$6.1M-61.8%	$16.0M+72.0%	$9.3M+47.5%	$6.3M
Cost of Revenue	$1.3M-9.9%	$1.5M-31.3%	$2.1M-22.3%	$2.7M+4.4%	$2.6M+62.4%	$1.6M
Gross Profit	$1.9M-39.2%	$3.1M-22.2%	$4.0M-65.7%	$11.6M+73.9%	$6.7M+42.5%	$4.7M
R&D Expenses	$4.0M+189.4%	$1.4M-69.2%	$4.5M-68.2%	$14.1M+116.2%	$6.5M+67.6%	$3.9M
SG&A Expenses	$22.0M+509.2%	$3.6M-74.3%	$14.1M-32.7%	$20.9M+36.8%	$15.3M+11.7%	$13.7M
Operating Income	-$37.0M-387.3%	-$7.6M+60.6%	-$19.2M+73.5%	-$72.7M-205.7%	-$23.8M-14.3%	-$20.8M
Interest Expense	$300K-50.0%	$600K+200.0%	-$600K-150.8%	$1.2M+148.7%	-$2.4M-6.5%	-$2.3M
Income Tax	$16K-33.3%	$24K+113.3%	-$181K-104.8%	$3.8M+6866.1%	-$56K+90.4%	-$584K
Net Income	-$35.6M-42.0%	-$25.1M+60.5%	-$63.4M+8.3%	-$69.2M-136.6%	-$29.2M+14.0%	-$34.0M
EPS (Diluted)	$-162.78+89.7%	$-1576.48+53.8%	$-3412.09-6566.8%	$-51.18-4967.3%	$-1.01	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$2.5M+314.0%	$600K+24.0%	$484K	N/A	$918K-11.0%	$1.0M+368.6%	$220K	N/A
Cost of Revenue	$1.4M+1102.6%	$117K-21.5%	$149K	N/A	$398K+7.9%	$369K+367.1%	$79K	N/A
Gross Profit	$1.1M+123.0%	$483K+44.2%	$335K	N/A	$520K-21.5%	$662K+369.5%	$141K	N/A
R&D Expenses	$2.0M+1.8%	$1.9M+13.8%	$1.7M	N/A	$1.2M+7.0%	$1.1M+147.4%	$464K	N/A
SG&A Expenses	$11.1M+181.3%	$3.9M-46.5%	$7.4M	N/A	$2.3M-81.5%	$12.4M+622.9%	$1.7M	N/A
Operating Income	-$14.8M-33.1%	-$11.1M-7.0%	-$10.4M	N/A	-$4.2M+69.7%	-$13.9M-56.9%	-$8.9M	N/A
Interest Expense	$1K	$0-100.0%	$200K	N/A	$222K-26.0%	$300K-25.0%	$400K	N/A
Income Tax	$1K-88.9%	$9K+160.0%	-$15K	N/A	$0-100.0%	$12K+200.0%	$4K	N/A
Net Income	-$13.4M+35.5%	-$20.9M-62.0%	-$12.9M	N/A	-$4.4M+69.9%	-$14.7M-465.3%	-$2.6M	N/A
EPS (Diluted)	$-0.61+79.2%	$-2.93+22.9%	$-3.80	N/A	$-33.40+87.3%	$-261.99-111.2%	$-124.05	N/A

XTIA Balance Sheet

Metric	FY24	FY23	FY23	FY21	FY21	FY20
Total Assets	$24.3M+4672.3%	$509K-99.1%	$57.6M-63.2%	$156.7M+165.5%	$59.0M+178.1%	$21.2M
Current Assets	$8.6M+3614.7%	$231K-99.2%	$29.9M-71.8%	$106.0M+249.4%	$30.3M+348.3%	$6.8M
Cash & Equivalents	$4.1M+82000.0%	$5K-99.9%	$9.3M-78.1%	$42.5M+136.1%	$18.0M+276.7%	$4.8M
Inventory	$2.2M	$0-100.0%	$2.0M+1.1%	$2.0M+59.0%	$1.2M	N/A
Accounts Receivable	$706K	$0-100.0%	$1.2M-18.4%	$1.5M-16.4%	$1.7M+56.9%	$1.1M
Goodwill	$12.1M	$0	$0-100.0%	$7.7M+16.5%	$6.6M+218.3%	$2.1M
Total Liabilities	$17.7M-44.9%	$32.1M-55.7%	$72.6M-0.8%	$73.2M+410.7%	$14.3M-5.5%	$15.2M
Current Liabilities	$17.4M+31.4%	$13.3M-46.4%	$24.7M-8.9%	$27.1M+123.9%	$12.1M-11.8%	$13.7M
Long-Term Debt	$65K-99.6%	$18.5M	N/A	N/A	N/A	N/A
Total Equity	$6.6M+120.8%	-$31.6M-111.1%	-$15.0M-117.9%	$83.5M+86.9%	$44.7M+638.5%	$6.0M
Retained Earnings	-$93.6M-61.4%	-$58.0M+81.5%	-$313.7M-25.3%	-$250.3M-38.3%	-$181.0M-19.3%	-$151.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$47.9M+35.2%	$35.4M+30.7%	$27.1M+11.7%	$24.3M-17.0%	$29.3M-14.0%	$34.0M+10.6%	$30.8M+5947.5%	$509K
Current Assets	$36.7M+51.5%	$24.2M+93.3%	$12.5M+46.0%	$8.6M-15.3%	$10.1M-33.2%	$15.2M+31.4%	$11.5M+4899.6%	$231K
Cash & Equivalents	$32.2M+60.6%	$20.0M+150.3%	$8.0M+95.1%	$4.1M+703.3%	$511K-91.2%	$5.8M+220.9%	$1.8M+35920.0%	$5K
Inventory	$1.4M-42.4%	$2.5M+7.4%	$2.3M+4.7%	$2.2M-13.9%	$2.6M-1.2%	$2.6M-4.3%	$2.7M	$0
Accounts Receivable	$2.1M+519.8%	$338K-41.0%	$573K-18.8%	$706K+15.7%	$610K+32.0%	$462K-42.0%	$797K	$0
Goodwill	$9.2M+0.2%	$9.1M-26.4%	$12.4M+2.9%	$12.1M-5.2%	$12.7M+3.3%	$12.3M-0.5%	$12.4M	$0
Total Liabilities	$35.7M+61.8%	$22.1M+72.7%	$12.8M-27.8%	$17.7M-21.0%	$22.4M-4.5%	$23.5M+37.1%	$17.1M-46.7%	$32.1M
Current Liabilities	$35.6M+62.9%	$21.8M+74.5%	$12.5M-28.2%	$17.4M-20.9%	$22.0M-4.4%	$23.0M+38.4%	$16.6M+25.6%	$13.3M
Long-Term Debt	N/A	$65K0.0%	$65K0.0%	$65K0.0%	$65K0.0%	$65K0.0%	$65K-99.6%	$18.5M
Total Equity	$10.5M-15.7%	$12.4M-10.9%	$13.9M+111.9%	$6.6M-4.2%	$6.9M-35.1%	$10.6M-22.6%	$13.7M+143.2%	-$31.6M
Retained Earnings	-$140.7M-10.6%	-$127.3M-19.6%	-$106.4M-13.8%	-$93.6M-17.4%	-$79.7M-5.9%	-$75.3M-24.3%	-$60.6M-4.5%	-$58.0M

XTIA Cash Flow Statement

Metric	FY24	FY23	FY23	FY21	FY21	FY20
Operating Cash Flow	-$22.3M-433.5%	-$4.2M+87.7%	-$34.0M+8.5%	-$37.1M-80.2%	-$20.6M-93.2%	-$10.7M
Capital Expenditures	$68K+2166.7%	$3K-98.8%	$245K-29.2%	$346K-64.4%	$972K+992.1%	$89K
Free Cash Flow	-$22.4M-434.8%	-$4.2M+87.8%	-$34.2M+8.7%	-$37.5M-73.7%	-$21.6M-100.6%	-$10.8M
Investing Cash Flow	$2.9M+16882.4%	-$17K-100.0%	$36.4M+168.0%	-$53.5M-127.6%	-$23.5M-360.2%	-$5.1M
Financing Cash Flow	$23.6M+476.4%	$4.1M+111.8%	-$34.6M-127.7%	$125.0M+118.4%	$57.3M+195.1%	$19.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$15.2M	N/A	N/A	N/A	-$2.6M	N/A
Capital Expenditures	N/A	N/A	$45K	N/A	N/A	N/A	$7K	N/A
Free Cash Flow	N/A	N/A	-$15.3M	N/A	N/A	N/A	-$2.6M	N/A
Investing Cash Flow	N/A	N/A	-$45K	N/A	N/A	N/A	$3.0M	N/A
Financing Cash Flow	N/A	N/A	$19.2M	N/A	N/A	N/A	$1.4M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XTIA Financial Ratios

Metric	FY24	FY23	FY23	FY21	FY21	FY20
Gross Margin	59.0%-9.1pp	68.0%+2.8pp	65.3%-7.4pp	72.7%+0.8pp	71.9%-2.6pp	74.5%
Operating Margin	-1154.9%-988.6pp	-166.3%+148.7pp	-315.0%+139.8pp	-454.8%-198.9pp	-255.9%+74.3pp	-330.3%
Net Margin	-1111.9%-562.4pp	-549.5%+488.3pp	-1037.7%-605.4pp	-432.4%-118.0pp	-314.4%+225.1pp	-539.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-146.6%+4778.0pp	-4924.6%-4814.6pp	-110.0%-65.9pp	-44.1%+5.4pp	-49.5%+110.7pp	-160.2%
Current Ratio	0.49+0.5	0.02-1.2	1.21-2.7	3.91+1.4	2.50+2.0	0.49
Debt-to-Equity	0.01+0.6	-0.59+4.3	-4.85-5.7	0.88+0.6	0.32-2.2	2.51
FCF Margin	-698.8%-607.1pp	-91.7%+468.2pp	-560.0%-325.7pp	-234.3%-2.3pp	-232.0%-61.4pp	-170.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	43.4%-37.1pp	80.5%+11.3pp	69.2%	N/A	56.6%-7.6pp	64.2%+0.1pp	64.1%	N/A
Operating Margin	-596.2%+1258.8pp	-1855.0%+294.2pp	-2149.2%	N/A	-459.3%+891.6pp	-1350.8%+2684.2pp	-4035.0%	N/A
Net Margin	-541.3%+2935.0pp	-3476.3%-816.8pp	-2659.5%	N/A	-483.1%+943.6pp	-1426.8%-244.0pp	-1182.7%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-28.1%+30.8pp	-58.8%-11.4pp	-47.4%	N/A	-15.2%+28.1pp	-43.2%-34.8pp	-8.5%	N/A
Current Ratio	1.03-0.1	1.11+0.1	1.00+0.5	0.49+0.0	0.46-0.2	0.66-0.0	0.69+0.7	0.02
Debt-to-Equity	3.42+3.4	0.010.0	0.000.0	0.010.0	0.010.0	0.010.0	0.00+0.6	-0.59
FCF Margin	N/A	N/A	-3158.5%	N/A	N/A	N/A	-1162.7%	N/A

Frequently Asked Questions

What is XTI Aerospace's annual revenue?

XTI Aerospace (XTIA) reported $3.2M in revenue for fiscal year 2024.

How fast is XTI Aerospace's revenue growing?

XTI Aerospace (XTIA) revenue declined by 29.8% year-over-year, from $4.6M to $3.2M in fiscal year 2024.

Is XTI Aerospace profitable?

No, XTI Aerospace (XTIA) reported a net income of -$35.6M in fiscal year 2024, with a net profit margin of -1111.9%.

What is XTI Aerospace's earnings per share (EPS)?

XTI Aerospace (XTIA) reported diluted earnings per share of $-162.78 for fiscal year 2024.

What is XTI Aerospace's EBITDA?

XTI Aerospace (XTIA) had EBITDA of -$36.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does XTI Aerospace have?

As of fiscal year 2024, XTI Aerospace (XTIA) had $4.1M in cash and equivalents against $65K in long-term debt.

What is XTI Aerospace's gross margin?

XTI Aerospace (XTIA) had a gross margin of 59.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is XTI Aerospace's operating margin?

XTI Aerospace (XTIA) had an operating margin of -1154.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is XTI Aerospace's net profit margin?

XTI Aerospace (XTIA) had a net profit margin of -1111.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is XTI Aerospace's free cash flow?

XTI Aerospace (XTIA) generated -$22.4M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is XTI Aerospace's operating cash flow?

XTI Aerospace (XTIA) generated -$22.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are XTI Aerospace's total assets?

XTI Aerospace (XTIA) had $24.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are XTI Aerospace's capital expenditures?

XTI Aerospace (XTIA) invested $68K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does XTI Aerospace spend on research and development?

XTI Aerospace (XTIA) invested $4.0M in research and development during fiscal year 2024.

How many shares does XTI Aerospace have outstanding?

XTI Aerospace (XTIA) had 2M shares outstanding as of fiscal year 2024.

What is XTI Aerospace's current ratio?

XTI Aerospace (XTIA) had a current ratio of 0.49 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is XTI Aerospace's debt-to-equity ratio?

XTI Aerospace (XTIA) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is XTI Aerospace's return on assets (ROA)?

XTI Aerospace (XTIA) had a return on assets of -146.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.