XTI Aerospace, Inc. (XTIA) Income Statement
XTIA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXTIA revenue and net income
Where XTIA's revenue goes
2025Each bar shows an amount and its share of revenue. XTIA kept −305.7% of revenue as net income.
XTIA profit margins
XTIA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +602.4% | +54.4% | +19.3% | −10.3% |
| Gross profit | +288.7% | +7.3% | +10.0% | −10.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XTIA quarterly EPS vs estimates
XTI Aerospace beat the analyst EPS estimate in 0 of the last 6 quarters. Next report: November 18, 2026.
XTIA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.5M | $3.2M | $4.6M | $6.1M | $16.0M | $9.3M | $6.3M | $3.8M | $3.9M | $53.2M |
| Cost of revenue | $17.6M | $1.9M | $38,000 | $2.1M | $8.8M | $6.2M | $6.8M | $5.9M | $6.0M | $42.6M |
| Gross profit | $4.9M | $1.3M | −$38,000 | $4.0M | $7.2M | $3.1M | −$458,000 | −$2.1M | −$2.1M | $10.6M |
| Research & development | $5.2M | $4.0M | $1.4M | $4.5M | $14.1M | $6.5M | $3.9M | $1.2M | $964,000 | $2.3M |
| Sales, general & admin | $38.4M | $25.3M | $15.0M | $16.3M | $14.6M | — | $3.4M | $1.8M | $2.5M | $283,813 |
| Total operating expenses | $45.9M | $29.2M | $5.7M | $21.6M | $56.4M | $28.2M | $29.7M | $15.6M | $12.3M | $27.1M |
| Operating income | −$41.0M | −$28.0M | −$5.7M | −$17.7M | −$49.2M | −$25.1M | −$30.2M | −$17.7M | −$14.4M | −$16.5M |
| Interest income | — | $364,000 | $0 | — | — | — | — | — | — | — |
| Interest expense | $270,000 | $1.2M | $4.7M | $600,000 | $691,933 | $2.4M | $2.3M | $1.2M | $1.9M | $1.7M |
| Income before taxes | −$53.0M | −$35.6M | −$25.1M | −$19.9M | −$71.5M | −$29.3M | −$34.6M | −$19.8M | −$18.1M | −$26.7M |
| Income taxes | −$10,000 | $16,000 | $24,000 | −$181,000 | −$1.4M | −$56,000 | −$584,000 | — | — | — |
| Net income | −$68.8M | −$35.6M | −$25.1M | −$63.4M | −$69.2M | −$29.2M | −$34.0M | −$24.6M | −$35.0M | −$27.1M |
| EBITDA | −$52.1M | −$33.5M | −$20.3M | −$11.1M | −$64.4M | −$21.5M | −$25.0M | −$12.9M | −$9.6M | −$10.9M |
| EPS (diluted) | −$8.00 | −$8605.53 | −$16.95 | −$1000006.45 | −$0.69 | −$1.90 | −$9.53 | −$2827.70 | −$13155.55 | −$11.05 |
| Gross margin | 21.9% | 39.5% | −0.8% | 65.3% | 44.7% | 32.9% | −7.3% | −56.1% | −53.2% | 19.9% |
| Operating margin | −182.2% | −873.9% | −125.9% | −288.9% | −307.8% | −270.1% | −478.7% | −470.1% | −366.9% | −31.1% |
| Net margin | −305.7% | −1,111.9% | −549.5% | −1,037.7% | −432.4% | −314.4% | −539.5% | −654.2% | −889.8% | −51.0% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.7M | $18.9M | $2.5M | $600,000 | $484,000 | $1.0M | $918,000 | $1.0M | $220,000 | $4.6M | $2.0M | $2.1M |
| Cost of revenue | $22.6M | $15.9M | $1.4M | $117,000 | $149,000 | $425,000 | $594,000 | $561,000 | $122,000 | $1.5M | $10,000 | $9,000 |
| Gross profit | $5.1M | $3.0M | $1.1M | $483,000 | $335,000 | $608,000 | $324,000 | $470,000 | $98,000 | $3.1M | −$10,000 | −$9,000 |
| Research & development | $1.2M | $409,000 | $2.0M | $1.9M | $1.7M | $1.2M | $1.2M | $1.1M | $464,000 | $59,262 | $472,000 | $391,000 |
| Sales, general & admin | $14.1M | $10.7M | $13.8M | $5.5M | $8.4M | $6.7M | $3.3M | $13.2M | $2.0M | $2.5M | $1.2M | $3.1M |
| Total operating expenses | $15.5M | $28.2M | $15.9M | $7.5M | $10.2M | $17.2M | $4.5M | $14.4M | $2.5M | $15.8M | $1.7M | $3.5M |
| Operating income | −$10.4M | −$9.3M | −$14.8M | −$7.0M | −$9.9M | −$16.4M | −$4.2M | −$13.9M | −$2.4M | $2.0M | −$1.7M | −$3.5M |
| Interest expense | $154,000 | $51,000 | $1,000 | $1,000 | $217,000 | $593,000 | $222,000 | $70,000 | $278,000 | $3.9M | $818,000 | $292,000 |
| Income before taxes | −$31.7M | −$5.9M | −$13.4M | −$20.8M | −$12.9M | −$13.9M | −$4.4M | −$14.7M | −$2.6M | −$16.2M | −$2.7M | −$4.6M |
| Income taxes | $3.6M | — | $1,000 | $9,000 | −$15,000 | — | — | $12,000 | $4,000 | — | $3,000 | $7,000 |
| Net income | −$35.3M | −$21.6M | −$13.4M | −$20.9M | −$12.9M | −$13.9M | −$4.4M | −$14.7M | −$2.6M | −$16.2M | −$2.7M | −$4.6M |
| EBITDA | −$31.1M | −$5.6M | −$13.3M | −$20.7M | −$12.5M | −$13.0M | −$3.9M | −$14.3M | −$2.3M | $2.0M | −$1.9M | −$4.3M |
| EPS (diluted) | −$1.00 | −$0.66 | −$0.61 | −$2.93 | −$3.80 | −$8.44 | −$0.13 | −$1.05 | −$0.50 | — | −$3942.88 | −$4651.15 |
| Gross margin | 18.6% | 16.0% | 43.4% | 80.5% | 69.2% | 58.9% | 35.3% | 45.6% | 44.5% | 68.0% | −0.5% | −0.4% |
| Operating margin | −37.5% | −49.2% | −596.2% | −1,163.5% | −2,039.5% | −1,592.4% | −459.3% | −1,350.8% | −1,085.0% | 43.2% | −82.6% | −168.3% |
| Net margin | −127.5% | −114.1% | −541.3% | −3,476.3% | −2,659.5% | −1,341.3% | −483.1% | −1,426.8% | −1,182.7% | −354.2% | −134.1% | −225.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XTIA's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XTIA financial results
In fiscal year 2025 (ended December 31, 2025), XTI Aerospace reported revenue of $22.5 million, up 602.4% from the year before. It had a net loss of $68.8 million, a net profit margin of −305.7%. Diluted earnings per share came to −$8.00. Over five years revenue grew at an average rate of 19.3% a year.
See the XTIA stock overview for the latest quote and news, or the XTIA chart for price history and technical indicators.
XTIA income statement FAQ
What is XTI Aerospace's annual revenue?
XTI Aerospace reported total revenue of $22.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 602.4% from $3.2 million the previous year.
Is XTI Aerospace profitable?
No. XTI Aerospace reported a net loss of $68.8 million in fiscal 2025, a net profit margin of −305.7%; its operating margin was −182.2%.
What is XTI Aerospace's gross margin?
XTI Aerospace's gross margin was 21.9% in fiscal 2025: for every $100 of revenue, XTI Aerospace kept $22 after the direct cost of its products and services.
How much does XTI Aerospace spend on research and development?
XTI Aerospace spent $5.2 million on research and development in fiscal 2025, 23.3% of revenue.
How fast is XTI Aerospace growing?
Revenue grew 19.3% a year on average over the last five fiscal years, from $9.3 million to $22.5 million.
What are XTI Aerospace's earnings per share?
XTI Aerospace earned $-8.00 per diluted share in fiscal 2025, compared with $-8605.53 a year earlier.
When will XTI Aerospace report its next earnings?
XTI Aerospace is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does XTI Aerospace's fiscal year end?
XTI Aerospace's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.