XTIA

MKT CAP:$33M

XTI Aerospace, Inc.

Market Cap

$33M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$2.10+$0.67 (+46.85%)

Apr 22, 2026

Company Details

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc. and changed its name to XTI Aircraft Compa...

CEO

Scott A. Pomeroy

IPO Date

Aug 3, 2012

Website

www.xtiaircraft.com

Key Metrics TTM

Revenue

$5M

+112.1% YoY

Net Income

-$61M

EPS (Diluted)

-$28.04

Free Cash Flow

-$39M

Revenue / Share

$0.21

Gross Margin

44.8%

Operating Margin

-850.1%

Net Margin

-1326.5%

FCF Margin

-836.9%

P/S

7.2x

P/E

—

Earnings Reports

FY 2025

Apr 15, 2026

NEW

$22M+602.4%EPS -$4.24

Q3 2025

Nov 19, 2025

$2M+170.6%EPS -$0.61

Q2 2025

Aug 14, 2025

$600.0K-41.8%EPS -$2.93

Q1 2025

May 19, 2025

$484.0K+120.0%EPS -$3.81

FY 2024

Apr 15, 2025

$3MEPS -$162.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 15	$0	$0	-$208.0K
Q2 21	$3M	$1M	-$5M
Q3 21	$4M	$2M	-$12M
Q4 21	$5M	$2M	-$20M
Q1 22	$3M	-$123.0K	-$9M
Q2 22	$3M	-$334.0K	-$7M
Q3 22	$2M	$1M	-$5M
Q4 22	$5M	$2M	-$12M
Q4 23	$0	-$9.0K	$530.0K
Q1 24	$220.0K	$98.0K	-$2M
Q2 24	$1M	$470.0K	-$14M
Q3 24	$918.0K	$324.0K	-$4M
Q4 24	$1M	$374.0K	-$7M
Q1 25	$484.0K	$244.0K	-$10M
Q2 25	$600.0K	$422.0K	-$7M
Q3 25	$2M	$1M	-$15M

Valuation

Quarter	P/S	P/E
Q2 15	—	—
Q2 21	—	—
Q3 21	0.1x	—
Q4 21	0.0x	—
Q1 22	0.0x	—
Q2 22	0.0x	—
Q3 22	0.0x	—
Q4 22	0.0x	—
Q4 23	0.0x	—
Q1 24	0.0x	—
Q2 24	0.1x	—
Q3 24	0.2x	—
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 15	-$168.1K	-$168.1K
Q2 21	-$9M	-$10M
Q3 21	-$10M	-$10M
Q4 21	-$13M	-$13M
Q1 22	-$15M	-$16M
Q2 22	-$4M	-$4M
Q3 22	-$7M	-$8M
Q4 22	-$7M	-$7M
Q4 23	-$1M	-$1M
Q1 24	-$3M	-$3M
Q2 24	-$6M	-$6M
Q3 24	-$6M	-$6M
Q4 24	-$8M	-$8M
Q1 25	-$15M	-$15M
Q2 25	-$7M	-$7M
Q3 25	-$8M	-$8M

Capital Expenditures

Quarter	CapEx
Q2 15	$0
Q2 21	$1M
Q3 21	$307.0K
Q4 21	$254.0K
Q1 22	$188.0K
Q2 22	$258.0K
Q3 22	$386.0K
Q4 22	$361.0K
Q4 23	$0
Q1 24	$10.0K
Q2 24	$47.0K
Q3 24	$36.0K
Q4 24	$22.0K
Q1 25	$45.0K
Q2 25	$58.0K
Q3 25	$23.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	—	+11752.3%
Q1 22	—	+5560.5%
Q2 22	-25.4%	+11.8%
Q3 22	-45.3%	-54.5%
Q4 22	+2.9%	-31.6%
Q4 23	-100.0%	-104.5%
Q1 24	-91.5%	-73.3%
Q2 24	-57.7%	+95.4%
Q3 24	-82.6%	-69.5%
Q4 24	—	+1701.1%
Q1 25	+120.0%	+297.2%
Q2 25	-41.8%	-49.3%
Q3 25	+170.6%	+236.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 15	$5.4K	—
Q2 21	$533.5K	15.5%
Q3 21	$6M	128.1%
Q4 21	$6M	110.9%
Q1 22	$5M	203.8%
Q2 22	$115.8K	4.5%
Q3 22	$2M	79.8%
Q4 22	-$14M	-258.8%
Q4 23	-$1M	—
Q1 24	$6M	2632.7%
Q2 24	-$59.0K	-5.7%
Q3 24	-$2M	-205.8%
Q4 24	$277.0K	26.8%
Q1 25	$455.0K	94.0%
Q2 25	$722.0K	120.3%
Q3 25	$6M	255.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 15	$47.2K	$124.4K	$36.4K	—
Q2 21	$3M	—	—	$11M
Q3 21	$3M	—	—	$11M
Q4 21	$5M	—	—	$17M
Q1 22	$2M	—	—	$7M
Q2 22	$2M	—	—	$4M
Q3 22	$2M	—	—	$4M
Q4 22	$4M	—	—	$10M
Q4 23	$83.0K	—	—	—
Q1 24	$464.0K	—	—	$2M
Q2 24	$1M	—	—	$13M
Q3 24	$1M	—	—	$3M
Q4 24	$1M	—	—	$7M
Q1 25	$2M	—	—	$8M
Q2 25	$2M	—	—	$5M
Q3 25	$2M	—	—	$14M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$61M	$15M	$76M
Q2 22	$66M	$0	$66M
Q3 22	$63M	$0	$63M
Q4 22	$20M	$0	$20M
Q1 23	$15M	$0	$15M
Q2 23	$16M	$0	$16M
Q3 23	$13M	$0	$13M
Q4 23	$4.6K	$22.0K	$26.5K
Q1 24	$2M	$0	$2M
Q2 24	$6M	$0	$6M
Q3 24	$511.0K	$0	$511.0K
Q4 24	$4M	$0	$4M
Q1 25	$8M	$178.0K	$8M
Q2 25	$20M	$317.0K	$20M
Q3 25	$32M	$0	$32M
Q4 25	$17M	$0	$17M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 15	0	—	—
Q2 21	36M	—	—
Q3 21	62	-100.0%	—
Q4 21	146K	+235383.9%	—
Q1 22	138K	-5.1%	—
Q2 22	139K	+0.1%	-99.6%
Q3 22	275K	+98.6%	+443693.5%
Q4 22	251K	-9.0%	+71.6%
Q4 23	16K	-93.7%	-88.5%
Q1 24	21K	+35.0%	-84.5%
Q2 24	59K	+174.2%	-78.6%
Q3 24	140K	+137.8%	-44.1%
Q4 24	687K	+391.3%	+4223.9%
Q1 25	3M	+392.3%	+15667.2%
Q2 25	7M	+110.4%	+12000.2%
Q3 25	22M	+209.8%	+15667.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 15	$0	126
Q2 21	$18.2K	190
Q3 21	$23.4K	190
Q4 21	$23.4K	220
Q1 22	$12.0K	220
Q2 22	$11.7K	220
Q3 22	$11.1K	220
Q4 22	$26.0K	203
Q4 23	$0	50
Q1 24	$4.4K	50
Q2 24	$20.6K	50
Q3 24	$18.4K	50
Q4 24	$22.0K	47
Q1 25	$10.3K	47
Q2 25	$12.8K	47
Q3 25	$52.9K	47

Revenue / Employee