AIXI

MKT CAP:$8M

Xiao-I Corporation

Market Cap

$8M

Technology·Software - Application·🇨🇳 China·NASDAQ

Technology·Software App·🇨🇳·NASDAQ

Stock Price

$1.08+$0.65 (+151.16%)

Apr 23, 2026

Company Details

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co., Ltd., provides smart city, software, and architectural design artificial intelligence services in the People's Republic of China. It offers software products,...

CEO

Mingqu Lin

IPO Date

Mar 9, 2023

Website

www.xiaoi.com

Key Metrics TTM

Revenue

$115M

+16.7% YoY

Net Income

-$53M

EPS (Diluted)

-$5.33

Free Cash Flow

-$2M

Revenue / Share

$9.55

Gross Margin

64.3%

Operating Margin

-44.2%

Net Margin

-45.9%

FCF Margin

-2.0%

P/S

0.1x

P/E

—

Earnings Reports

Q3 2025

Apr 29, 2026

PENDING

Q2 2025

Dec 31, 2025

$12M-64.9%EPS -$2.52

FY 2024

May 15, 2025

$70M+18.8%EPS -$1.59

Q4 2024

Dec 31, 2024

$37M+14.3%EPS $0.11

Q2 2024

Jun 30, 2024

$33M+25.1%EPS -$1.94

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$9M	$5M	-$3M
Q4 21	$24M	$16M	$8M
Q2 22	$13M	$9M	$2M
Q4 22	$35M	$22M	-$5M
Q2 23	$26M	$20M	-$14M
Q4 23	$33M	$19M	-$8M
Q2 24	$33M	$21M	-$15M
Q4 24	$37M	$27M	$2M
Q2 25	$12M	$7M	-$29M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	5.5x	—
Q2 23	3.9x	—
Q4 23	1.3x	—
Q2 24	0.4x	—
Q4 24	0.4x	—
Q2 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$8M	-$8M
Q4 21	-$3M	-$3M
Q2 22	-$7M	-$7M
Q4 22	-$4M	-$4M
Q2 23	$0	$0
Q4 23	$0	$0
Q2 24	$0	$0
Q4 24	$0	$0
Q2 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q2 21	$2.8K
Q4 21	$16.0K
Q2 22	$0
Q4 22	$106.3K
Q2 23	$0
Q4 23	$0
Q2 24	$0
Q4 24	$0
Q2 25	$4

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+196.5%	+229.6%
Q4 23	+38.2%	+165.6%
Q2 24	+155.9%	+325.7%
Q4 24	+5.8%	-11.8%
Q2 25	-56.1%	+2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 21	$3M	$4M	$2M	—
Q4 21	$3M	$3M	$2M	—
Q2 22	$4M	$2M	$2M	—
Q4 22	$20M	$4M	$2M	—
Q2 23	$29M	$1M	$1M	—
Q4 23	$23M	$2M	$2M	—
Q2 24	$27M	—	—	$9M
Q4 24	$8M	$16M	$1M	—
Q2 25	$24M	—	—	$12M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	—	-35.9%	—
Q4 21	—	34.9%	—
Q2 22	—	13.1%	—
Q4 22	—	-13.4%	—
Q2 23	196.5%	-49.4%	147.1
Q4 23	38.2%	-25.0%	13.2
Q2 24	155.9%	-43.4%	112.5
Q4 24	5.8%	5.9%	11.7
Q2 25	-56.1%	-248.7%	-304.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 21	$0	$1M	$1M
Q4 21	$1M	$0	$1M
Q2 22	$2M	$0	$2M
Q4 22	$1M	$0	$1M
Q2 23	$5M	$0	$5M
Q4 23	$2M	$0	$2M
Q2 24	$2M	$0	$2M
Q4 24	$846.6K	$0	$846.6K
Q2 25	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	7M	—	—
Q4 21	8M	+2.2%	—
Q2 22	7M	-1.1%	—
Q4 22	7M	-1.1%	—
Q2 23	8M	+5.4%	+5.4%
Q4 23	8M	+2.9%	+6.1%
Q2 24	8M	0.0%	+7.2%
Q4 24	9M	+14.5%	+24.2%
Q2 25	12M	+30.9%	+54.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	$100.4K	352
Q2 23	$74.8K	352
Q4 23	$116.3K	281
Q2 24	$117.1K	281
Q4 24	$230.6K	162
Q2 25	$71.3K	162

Revenue / Employee