XTI Aerospace Reports Second Quarter 2026 Results

Gross margin declined despite higher supplemental combined revenue, while XTI expects positive operating cash flow in the fourth quarter.

Rhea-AI Summary

XTI Aerospace (Nasdaq: XTIA) reported second-quarter 2026 revenue of $32.4 million and updated its full-year financial outlook. Revenue rose 29% against the unaudited supplemental combined 2025 comparison, while gross profit fell 7% to $5.6 million and gross margin declined to 17.4% from 24.1%. Net loss was $2.45 million, versus $20.858 million a year earlier, with an $8.413 million warrant valuation gain supporting the quarter.

XTI expects 2026 revenue of $125 million to $130 million and gross margin of 17% to 19%, assuming continued credit-facility access and no material further tariff-policy changes. Preliminary unrestricted cash was $5.1 million at September 30, versus $7.2 million at June 30. Preliminary third-quarter monthly operating cash outflows at ADS and corporate operations, excluding Drone Nerds, fell approximately 42% from the second quarter to approximately $1.1 million. XTI expects positive operating cash flow in the fourth quarter.

13 points · 2 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 15 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointSecond-quarter warrant valuation produced an $8.413 million gain, versus a $5.934 million expense a year earlier. 29% of market cap
• Major point. Forward-looking: it has not happened yet and may not happen.XTI expects full-year 2026 revenue of $125 million to $130 million.
• Moderate pointSecond-quarter revenue rose 29% to $32.4 million against the unaudited supplemental combined 2025 comparison.
• Moderate pointSecond-quarter net loss narrowed to $2.450 million from $20.858 million a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.XTI expects full-year 2026 gross margin of 17% to 19%.
• Moderate pointPreliminary third-quarter ADS and corporate monthly operating cash outflows, excluding Drone Nerds, fell approximately 42% sequentially and 62% from the first quarter.
• Moderate point. Forward-looking: it has not happened yet and may not happen.XTI expects positive net cash provided by operating activities during the fourth quarter of 2026.
• Moderate pointDrone Nerds had $9.1 million of remaining borrowing-base availability at June 30, 2026.
• Moderate pointAcquisition-related promissory debt declined to $4.431 million at June 30 from $7.931 million at December 31.

4 minor points

• Minor pointSecond-quarter net loss per share narrowed to $0.07 from $2.93 a year earlier.
• Minor pointCorporate and ADS cost reductions included headcount cuts, office consolidation and non-core contract terminations.
• Minor pointSecond-quarter research and development expense fell to $577,000 from $1.380 million a year earlier.
• Minor pointFirst-half operating cash use decreased to $21.008 million from $21.983 million a year earlier.

Negative

• Major pointWarrant liabilities increased to $56.482 million at June 30 from $22.561 million at December 31.
• Moderate pointSecond-quarter gross profit fell 7% to $5.6 million against the unaudited supplemental combined 2025 comparison.
• Moderate pointSecond-quarter gross margin declined to 17.4% from 24.1% against the unaudited supplemental combined 2025 comparison.
• Moderate pointSecond-quarter operating loss widened to $9.082 million from $5.796 million a year earlier.
• Moderate pointSecond-quarter general and administrative expense rose to $11.855 million from $3.474 million a year earlier.
• Moderate pointFirst-half net loss widened to $37.448 million from $33.730 million a year earlier.
• Moderate pointFirst-half warrant valuation expense increased to $13.034 million from $5.431 million a year earlier. 46% of market cap
• Moderate pointFirst-half stock-based compensation increased to $8.619 million from $1.177 million a year earlier.
• Moderate pointUnrestricted cash declined to a preliminary $5.1 million at September 30, from $7.2 million at June 30.
• Moderate pointJune 30 cash and equivalents declined to $7.214 million from $16.696 million at December 31.
• Moderate pointAsset-based revolving borrowings reached $8.760 million at June 30, versus none at December 31.
• Moderate pointTotal equity shifted to a $15.008 million deficit at June 30 from $27.743 million at December 31.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Full-year outlook depends on continued credit-facility access and no material further tariff-policy changes.
• Moderate point. Forward-looking: it has not happened yet and may not happen.XTI faces Section 232 tariffs effective September 3 and pending drone-related regulations.
• Minor pointSecond-quarter sales and marketing expense rose to $1.975 million from $934,000 a year earlier.

News Explained

The reported 29% revenue increase compares 2026 actual results with unaudited supplemental combined 2025 figures; XTI says those figures are illustrative, are not Article 11 pro forma information, and do not show results the businesses actually would have achieved together.

Key Figures

Revenue: $32,449 thousand Gross profit: $5,643 thousand Gross margin: 17.4% +5 more

Revenue

$32,449 thousand

Q2 2026 pro forma combined actual; up 29% from Q2 2025

Gross profit

$5,643 thousand

Q2 2026 pro forma combined actual; down 7% from Q2 2025

Gross margin

17.4%

Q2 2026 pro forma combined actual; 24.1% in Q2 2025

2026 revenue outlook

$125 million to $130 million

Updated full-year guidance; below the earlier $160 million-plus target

2026 gross margin outlook

17% to 19%

Updated full-year guidance; earlier target was 19% to 21%

Unrestricted cash

$5.1 million

Preliminary balance as of September 30, 2026

Monthly operating cash outflows

$1.1 million per month

Preliminary Q3 average for ADS and corporate operations, excluding Drone Nerds; down 42% from Q2 and 62% from Q1

Expected positive operating cash flow

Q4 2026

Company expects to transition to positive net cash provided by operating activities

Previous Earnings Reports

1 past event · Latest: May 14

Same Type 1 event

1. May 14

   Q1 earnings

   24h Move

   -3.3%

   Q1 results set higher 2026 revenue and gross-margin targets than the updated outlook reported here.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

asset-based credit facility, pro forma, discontinued operations, warrant liability, +1 more

5 terms

asset-based credit facility financial

"The Company's outlook assumes, among other things, continued access to its asset-based credit facility"

A credit line that a lender extends to a company using the company’s tangible assets — such as accounts receivable, inventory, or equipment — as collateral; the amount the company can borrow rises and falls with the value of those assets. Think of it like a business version of a home equity line where unpaid invoices or stock on shelves serve as the lender’s security. Investors care because it affects a company’s ability to meet short-term obligations and grow: availability can signal healthy cash flow, while heavy reliance or tight terms can indicate financial strain and raise the risk that lenders could seize pledged assets.

pro forma financial

"not “pro forma” financial information as that term is used in Article 11 of Regulation S-X"

Pro forma refers to financial information that is prepared based on estimates or adjustments to show what a company's results might look like under certain scenarios, such as new projects or acquisitions. It helps investors understand the potential impact of future events by providing a clear, hypothetical view of financial performance, much like a weather forecast shows possible future conditions.

discontinued operations financial

"Inpixon results excluded and reflected in discontinued operations"

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

warrant liability financial

"Change in fair value of warrant liability"

Warrant liability is the financial obligation a company records when it grants warrants—special options giving the holder the right to buy company shares at a set price in the future. It matters to investors because changes in this liability can affect a company's reported earnings and overall financial health, similar to how a pending contract can influence a company's future value.

unmanned aircraft systems technical

"the growing unmanned aircraft systems (“UAS”) industry"

Unmanned aircraft systems are the complete setup that lets a pilot on the ground operate a flying vehicle remotely, including the aircraft itself, the ground controls, communications links, and any cameras or sensors it carries. Think of it as a remote‑controlled delivery truck plus its driver’s console and radio connection. Investors care because these systems create new markets and revenue streams while bringing regulatory, safety and supply‑chain risks that can affect company value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI, Oct. 20, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its second quarter ended June 30, 2026, and provided an update on the Company's outlook for 2026.

2026 Second Quarter Highlights (Inpixon results excluded and reflected in discontinued operations):

• Revenue of $32.4 million
• Gross profit of $5.6 million
• Gross profit as a percentage of revenue of approximately 17%

"Demand for enterprise drone solutions continues to build across enterprise and government buyers and, as one of the nation's leading enterprise drone providers, we believe we are well positioned to capitalize on that opportunity," said Jeremy Schneiderman, XTI Aerospace's Interim Chief Executive Officer. "My focus is on building a disciplined organization, spending carefully, and executing consistently. Importantly, the leadership team, sales organization and technical experts who built this business remain in place and are committed to supporting our customers across public safety, government, energy, infrastructure, agriculture and commercial markets." 

"While we are navigating a dynamic regulatory environment, including Section 232 tariffs that took effect on September 3 and other pending drone-related regulations, our team remains focused on accelerating growth by strengthening our product offerings, increasing our marketing investments, and maintaining disciplined expense management. This is an exciting new chapter for the Company and while we are taking a prudent view towards our full-year outlook, we remain confident in our ability to drive improved performance and deliver sustainable growth."

Updated 2026 Financial Outlook and Guidance:

• Full year 2026 revenue of $125 million to $130 million
• Full year 2026 gross profit as a percentage of revenue of 17 percent to 19 percent

The Company's outlook assumes, among other things, continued access to its asset-based credit facility and no material further changes in tariff policy, and is subject to the risks described below under "Cautionary Statement Regarding Forward-Looking Statements.

2026 Second Quarter and Recent Events:

• Announced the addition of the XREAL xbx a01+, a lightweight pair of augmented reality ("AR") screen-casting glasses, to Drone Nerds' product lineup
• Entered a partnership with DBOX to expand access to autonomous drone docking solutions across the U.S. public safety and government markets through Drone Nerds' enterprise solutions portfolio
• Dr. Allan Evans appointed as Chairman of the Board of Directors, and Jeremy Schneiderman appointed as Interim CEO, further enhancing the Company's expertise in the U.S. enterprise drone market
• Completion of the internal review of matters relating to the Company's former Chief Executive Officer and related corporate governance matters by a committee of independent directors, assisted by independent counsel, concluding that no financial misstatements were identified.

Liquidity and Reduction of Corporate Expenses
As of June 30, 2026, the Company had $7.2 million of unrestricted cash and cash equivalents and $9.1 million of remaining availability on the borrowing base under its credit facility at Drone Nerds.

During the second quarter the Company took significant action to reduce its corporate and ADS headcount and related compensation, to consolidate its office footprint, and to terminate non-core consulting, vendor and software contracts. On a preliminary basis, average monthly operating cash outflows of the Company's ADS and corporate operations (excluding Drone Nerds) during the third quarter were approximately $1.1 million per month, down approximately 42% from the second quarter, and 62% from the first quarter.    

As of September 30, 2026 on a preliminary basis the Company had $5.1 million of unrestricted cash and cash equivalents. The Company continues to reduce its monthly cash burn, resulting in an expected transition to positive net cash provided by operating activities during the fourth quarter of 2026.

Unaudited Supplemental Combined Financial Information
For purposes of this release, references to "supplemental combined" financial information refer to the unaudited supplemental combined financial information described below.

The Company has provided unaudited supplemental financial information of the combined company in this press release. The following financial information combines XTI and Drone Nerds historical operating results as if the businesses had been operated together on a combined basis during prior periods. This financial information is intended to illustrate the current operating footprint of the Company following the acquisition of Drone Nerds and divestiture of the Company's Industrial IoT / Real-Time Location Systems business.

The unaudited supplemental combined financial information is not "pro forma" financial information as that term is used in Article 11 of Regulation S-X. The unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and differs from the unaudited pro forma condensed combined financial information included in the Current Report on Form 8-K/A filed with the SEC on February 9, 2026 (the "Pro Forma 8-K Filing"), which was prepared in accordance with Article 11 of Regulation S-X and presented the year ended December 31, 2024 and the nine months ended September 30, 2025, which includes the 2025 periods shown in this press release, but did not present those periods separately. The unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and is presented for illustrative purposes to assist investors in understanding the operational performance of the combined business, timing and operational impact of the acquisition, and integration of the combined business, and should not be considered a substitute for the pro forma financial information included in the Company's prior filings prepared in accordance with Article 11 of Regulation S-X.

Consequently, the unaudited supplemental combined financial information is intentionally different from, but does not supersede, the pro forma financial information set forth in the Pro Forma 8-K Filing or the pro forma financial information set forth in the Company's most recent annual report on Form 10-K.

In addition, the unaudited supplemental combined financial information does not purport to indicate the results that actually would have been obtained had the companies been operated together during the periods presented, or which may be realized in the future. The unaudited supplemental combined financial information has no impact on XTI's or Drone Nerds' previously reported consolidated balance sheets or statements of operations, cash flows or equity.

XTI Aerospace, Inc. and Subsidiaries Pro Forma(1) Combined Financial Data (Unaudited) For the Three Months Ended June 30,
(in thousands, except percentages)	2026 (Actual) Amount		2025 (Pro Forma) Amount	$ Change	% Change
Revenues	$       32,449		$       25,130	$         7,319	29 %
Gross profit	5,643		6,047	(404)	(7) %
Gross profit %	17.4 %		24.1 %	(6.7) %	(28) %
Net loss from continuing operations	(850)		(13,267)	12,417	(94) %

(1) For information on unaudited supplemental combined financial information presented, see the section titled "Unaudited Supplemental Combined Financial Information" in this press release.

The unaudited supplemental combined financial information excludes non-recurring transaction-related costs associated with the Drone Nerds acquisition.

Conference Call
The Company will not host a conference call in conjunction with its second quarter results.  It currently plans to resume conference calls with the issuance of its third quarter 2026 results.

About XTI Aerospace, Inc.

XTI Aerospace, Inc. ("XTI") (Nasdaq: XTIA) is focused on building a leading platform for commercial and government drone adoption in the growing unmanned aircraft systems ("UAS") industry. Through its subsidiary, Drone Nerds, LLC, XTI supports enterprise and government customers in sectors including public safety, agriculture, construction, and energy across the drone program lifecycle, from hardware sourcing and deployment to training, service, repair, and the proprietary Always Flying™ program. Its established U.S. customer base and reputation as a trusted solutions provider position the company as a go-to-market partner for drone manufacturers and software developers seeking to scale in the domestic market.

For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release are forward-looking statements.

Forward-looking statements may be identified by words such as "believe," "continue," "could," "would," "will," "expect," "intend," "plan," "target," "estimate," "project," or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, the Company's ability to obtain a waiver of the existing cross-defaults under its asset-based credit facility and to restructure or repay its acquisition-related promissory notes before the limited waiver period expires, which may occur on ten days' notice from the noteholders and in any event no later than December 31, 2026, the risk that its lender declines to make further advances or accelerates outstanding borrowings, substantial doubt about the Company's ability to continue as a going concern, the Company's ability to maintain the listing of its common stock on Nasdaq, the impact of Section 232 tariffs and other trade measures; pending regulatory inquiries and proceedings relating to its Anzu Robotics subsidiary; potential conflicts of interest arising from its Interim Chief Executive Officer's economic interest in the holders of its acquisition-related notes, market adoption, regulatory requirements, supply chain conditions, technological development, integration of the acquired businesses, the Company's liquidity and ability to access additional capital on acceptable terms or at all, the Company's negative stockholders' equity and the sufficiency of its capital resources, and changes in applicable laws or regulations, customer demand variability and seasonal purchasing patterns, the Company's ability to achieve projected gross margins and operating cost reductions, working capital timing and inventory management, the outcome of pending legal proceedings involving the Company and its subsidiaries, the Company's ability to maintain relationships with key suppliers, restrictions and covenants under the Company's ABL credit facility, risks related to the wind-down of the Company's ADS division and the development of its ATM division, which has not generated revenues, and the potential for significant non-cash charges related to changes in the fair value of warrant liabilities as well as the other risks and uncertainties described in the Company's filings with the SEC. The Company's financial outlook and other projections in this press release are based on management's current expectations and assumptions and are particularly subject to these risks. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Readers are encouraged to review the risk factors described in XTI's filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent filings.

Contacts:

General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
IR@xtiaerospace.com

XTI Aerospace, Inc. and Subsidiaries Consolidated Statements of Operations (In thousands, except share and per share data) (Unaudited)
	For the Three Months Ended June 30,			For the Six Months Ended June 30,
	2026	2025		2026	2025
Revenues	$       32,449	$            —		$       60,145	$            —
Cost of Revenues	26,806	—		49,356	—
Gross Profit	5,643	—		10,789	—
Operating Expenses
Research and development	577	1,380		1,774	2,504
Sales and marketing	1,975	934		4,338	1,209
General and administrative	11,855	3,474		23,601	10,270
Merger and acquisition transaction costs	90	—		90	—
Amortization of intangible assets	228	8		458	16
Total Operating Expenses	14,725	5,796		30,261	13,999
Loss from Operations	(9,082)	(5,796)		(19,472)	(13,999)
Other Income (Expense)
Interest expense, net	(148)	(1)		(302)	(218)
Loss on extinguishment of debt	—	—		—	(421)
Warrant issuance expense	—	(3,779)		—	(5,795)
Change in fair value of warrant liability	8,413	(5,934)		(13,034)	(5,431)
Other	(33)	(5)		212	(349)
Total Other Income (Expense)	8,232	(9,719)		(13,124)	(12,214)
Loss from Continuing Operations Before Income Taxes	(850)	(15,515)		(32,596)	(26,213)
Income tax (expense) benefit	—	(9)		—	6
Net Loss from Continuing Operations, net of tax	(850)	(15,524)		(32,596)	(26,207)
Loss from operations of discontinued component, inclusive of tax	(1,600)	(5,334)		(4,852)	(7,523)
Net loss	(2,450)	(20,858)		(37,448)	(33,730)
Net income attributable to noncontrolling interest	304	—		576	—
Net Loss Attributable to XTI Aerospace, Inc	(2,754)	(20,858)		(38,024)	(33,730)
Less: Preferred stock dividends	—	—		42	29
Net Loss Attributable to Common Stockholders	$     (2,754)	$    (20,858)		$    (38,066)	$    (33,759)
Net Loss Per Share - Basic and Diluted:
Continuing operations	$        (0.03)	$        (2.18)		$        (0.90)	$        (4.98)
Discontinued operations	$        (0.04)	$        (0.75)		$        (0.13)	$        (1.43)
Net loss per share	$        (0.07)	$        (2.93)		$        (1.03)	$        (6.41)
Weighted Average Shares Outstanding, Basic and Diluted	38,476,439	7,121,837		36,857,677	5,263,609

Net loss per share from continuing and discontinued operations is calculated based on net loss attributable to common stockholders. Preferred stock dividends and deemed dividends are allocated to continuing and discontinued operations on a proportional basis.

 

XTI Aerospace, Inc. and Subsidiaries Consolidated Balance Sheets (In thousands) (Unaudited)
	As of June 30, 2026		As of December 31, 2025
Assets
Current Assets
Cash and cash equivalents	$               7,214		$              16,696
Accounts receivable, net	13,170		12,093
Inventories	19,092		15,400
Prepaid expenses and other current assets	5,864		3,989
Current assets of discontinued operations	—		3,645
Total Current Assets	45,340		51,823
Property and equipment, net	401		385
Operating lease right-of-use asset, net	1,511		2,965
Intangible assets, net	8,879		9,338
Goodwill	11,544		11,544
Note receivable	4,286		—
Other assets	879		403
Non-current assets of discontinued operations	—		4,788
Total Assets	$             72,840		$             81,246
Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit)
Current Liabilities
Accounts payable	$               2,590		$               5,212
Accrued expenses and other current liabilities	7,738		6,556
Customer deposits	1,916		3,071
Warrant liability	56,482		22,561
Operating lease obligation, current	630		550
Note payable-related party	450		—
Acquisition-related promissory note-related party	4,431		7,931
Asset-based revolving line of credit	8,760		—
Income tax payable	1,241		—
Current liabilities of discontinued operations	—		1,722
Total Current Liabilities	84,238		47,603
Note payable-related party	—		450
Operating lease obligation, noncurrent	909		2,427
Non-current liabilities of discontinued operations	—		322
Total Liabilities	85,147		50,802
Commitments and Contingencies
Mezzanine Equity
Representative and placement agent warrants, net of issuance costs	2,701		2,701
Stockholders' Equity (Deficit)
Preferred Stock	—		—
Series 4 Convertible Preferred Stock	—		—
Series 5 Convertible Preferred Stock	—		—
Series 9 Convertible Preferred Stock	—		—
Series 10 Convertible Preferred Stock	—		21,793
Common Stock	38		33
Additional paid-in capital	174,720		157,354
Accumulated other comprehensive income	—		881
Accumulated deficit	(200,347)		(162,323)
Total Stockholders' Equity (Deficit)	(25,589)		17,738
Noncontrolling interest	10,581		10,005
Total Equity (Deficit)	(15,008)		27,743
Total Liabilities, Mezzanine Equity and Equity (Deficit)	$             72,840		$             81,246

 

XTI Aerospace, Inc. and Subsidiaries Consolidated Statements of Cash Flows (In thousands) (Unaudited)
	For the Six Months Ended June 30,
	2026		2025
Cash Flows Used in Operating Activities
Net loss	$        (37,448)		$        (33,730)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	110		68
Amortization of intangible assets	458		152
Amortization of right-of-use asset	390		76
Non-cash interest (income) expense, net	(206)		145
Stock-based compensation	8,619		1,177
Impairment of goodwill	—		4,049
Impairment of intangible assets	—		631
Loss on extinguishment of debt	—		421
Warrant issuance expense	—		5,795
Change in fair value of warrant liability	13,034		5,431
Loss on sale of Inpixon Business	831		—
Other income	(250)		—
Other	257		(291)
Changes in operating assets and liabilities:
Accounts receivable and other receivables	203		401
Inventories	(3,673)		(4)
Prepaid expenses and other current assets	(1,582)		(264)
Other assets	(19)		362
Accounts payable	(2,648)		(1,814)
Related party payables	—		(51)
Accrued expenses and other current liabilities	2,256		(4,838)
Customer deposits	(980)		376
Operating lease obligation	(360)		(75)
Net Cash Used in Operating Activities	(21,008)		(21,983)
Cash Flows Used in Investing Activities
Purchase of property and equipment	(170)		(103)
Net cash paid on disposal of the Inpixon Business	(694)		—
Net Cash Used in Investing Activities	(864)		(103)
Cash Flows Provided by Financing Activities
Proceeds from the exercise of liability classified warrants	7,927		3,771
Payment of offering costs and commissions in connection with exercise of liability classified warrants	(488)		—
Net proceeds from sale of common stock and pre-funded warrants via public offerings	—		36,396
Net proceeds from ATM stock offering	—		1,667
Redemption of Series 9 preferred stock	—		(1,427)
Borrowings on asset-based revolving line of credit	45,008		—
Repayment of borrowings on asset-based revolving line of credit	(36,248)		—
Payment of debt issuance costs	(565)		—
Repayments of promissory notes-related party	(3,500)		(2,719)
Net Cash Provided by Financing Activities	12,134		37,688
Effect of Foreign Exchange Rate on Changes on Cash	33		339
Net (Decrease) Increase in Cash and Cash Equivalents	(9,705)		15,941
Cash and Cash Equivalents - Beginning of period	16,919		4,105
Cash and Cash Equivalents - End of period	$          7,214		$        20,046

 

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SOURCE XTI Aerospace, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were XTI Aerospace's second-quarter 2026 revenue and earnings?

XTI Aerospace reported $32.4 million in revenue and a $2.450 million net loss for the quarter ended June 30, 2026. Net loss attributable to common stockholders was $2.754 million, or $0.07 per share.

What is XTI Aerospace's updated 2026 financial outlook?

XTI expects $125 million to $130 million in full-year 2026 revenue and gross margin of 17% to 19%. The outlook assumes continued access to its asset-based credit facility and no material further changes in tariff policy.

How should investors interpret XTI Aerospace's supplemental combined comparisons?

The unaudited supplemental combined information illustrates XTI and Drone Nerds as though they had operated together during prior periods. It excludes non-recurring Drone Nerds acquisition transaction costs, was not prepared under Article 11 of Regulation S-X, and does not represent results that necessarily would have occurred.