undamentalytics Newsletter
Sign in

XTI Aerospace, Inc. (XTIA) stock

Add to watchlist

Add holding +

NASDAQ: XTIA Nasdaq Aerospace & Defense Next results ~February 4, 2027

C Fundamentals grade

XTI Aerospace, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$4.3

Price-to-sales vs peers

Base case. Range ~$3.8–$12. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

XTI Aerospace, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds29 adding, 16 cuttingOf 3 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter XTI Aerospace files

Where XTI Aerospace stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $82m, up 2587.0% on a year earlier, faster than the 1334.0% growth a quarter earlier. That growth ranks 2 of 46 among the aerospace & defense companies we cover. Free-cash-flow margin rose to -44.0% from -1194.5% a year earlier. Operating margin widened to -50.0% from -687.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 5 financial-health checks. Our price-to-sales vs peers value is $4.09 a share, against a share price of $1.12.

Source: 10-Q filed October 20, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 4, 2027 (estimated)

XTI Aerospace, Inc.'s trailing-twelve-month revenue grew 2587.0% year on year, with a free-cash-flow margin of -44.0%. Where it stands out: revenue growth of 2587.0% ranks 2 of 57 aerospace & defense companies we cover. Where it lags: stock pay as % of revenue of 23.9% ranks 45 of 53 aerospace & defense companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 2587.0% (+1253.0pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 2587.0% over the last 12 months, against a median of 15.5% for aerospace & defense companies we cover.
  • Growth speeding up. The growth rate is 1253.0 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 637.4 points on a year ago.

Things to watch

  • Loss-making. Operating margin is -50.0%: costs exceed revenue.
  • Burning cash. Free cash flow was -44.0% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 23.9% of revenue, against a median of 1.5% for aerospace & defense companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 19.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 97% and a beta of 1.5 against the S&P 500.
  • Gross margin slipping. Gross margin is down 28.5 points on a year ago.

Latest results: FY2026 Q2

Filed October 20, 2026
Earnings per share
-$0.07 against an average estimate of -$0.22: beat by 68.2%
Revenue
$32m, up 5308.2% on a year earlier
Share reaction
+39.3% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500

XTI Aerospace's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week+14.0%
  • 1 month+39.0%
  • This year-13.7%
  • 1 year-38.5%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$81.6M
Operating margin
-50.0%
Net margin
-89.6%

Growth

Revenue growth
+2587.0%
Change in growth rate
+1253.0 pts

Cash

Free cash flow (TTM)
-$35.9M
FCF margin
-44.0%
Stock pay % of revenue
23.9%

Earnings

Last results
October 22, 2026
Next results (est.)
February 4, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Leadership
  4. Results
  5. Announcement
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

XTI Aerospace, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value XTI Aerospace, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.95 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$4.3 ~$3.8–$12 Included, half weight
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.3 ~$3.8–$12 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare XTI Aerospace, Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$865687502848.00$370575015936.00$21262499840.00$269156256.00$9196875.00$1912500.00$1125000.00$42500.00$1400.00$10.75$1.24
Market value$272.03tn$143.25tn$921m$31m$46m$367.72tn$212.74tn$12m$22m$2.4bn$20m
+ Net debt (− = net cash)$7m$9m$4m$3m$3m−$13m−$49m$3m$25m−$1m−$834000
Enterprise value$272.03tn$143.25tn$924m$34m$48m$367.72tn$212.74tn$16m$47m$2.4bn$19m
Multiples
Price / sales n/mn/mn/m8.2x7.2xn/mn/m0.6x4.9xn/m0.9x
Price / earnings ———————————
Price / free cash flow ——n/m————————
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

28 /100

Weak moat

How hard XTI Aerospace's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -35.6% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 68.8%, moving by 25.5 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -373.5%; its worst year was -687.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 10 years, at a median -214.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.14 +73% $129m +474%
Next −$0.29 +75% $142m +10%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −12.3% on 90 days ago. In the last 30 days, 0 analysts raised XTI Aerospace, Inc.'s forecast and 1 cut it.

Consensus EPS forecast XTI Aerospace, Inc., last 90 days
−$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.30 Current fiscal year, 60 days ago: −$1.30 Current fiscal year, 30 days ago: −$1.30 Current fiscal year, 7 days ago: −$1.30 Current fiscal year, Now: −$1.14 −$1.14 Next fiscal year, 90 days ago: −$0.46 Next fiscal year, 60 days ago: −$0.46 Next fiscal year, 30 days ago: −$0.46 Next fiscal year, 7 days ago: −$0.46 Next fiscal year, Now: −$0.29 −$0.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$1.30−$0.46
60 days ago −$1.30−$0.46
30 days ago −$1.30−$0.46
7 days ago −$1.30−$0.46
Now −$1.14−$0.29

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.22 −$0.07 +68.2%
Mar 2026 −$0.27 −$1.00 −270.4%
Dec 2025 −$0.34 −$0.66 −94.1%
Sept 2025 −$0.32 −$0.61 −90.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering XTI Aerospace, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.8%
of tradable shares
Days to cover
4.18
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
16%
of shares
Held by insiders
11.9%
of shares
Employees
96
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
XTIA−41%−96%−97%−99%−89%−14%
Industry peers (median)−4%−10%+14%+22%+19%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
XTIA25%0%8%8%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
XTIA−76%−97%−97%−99%−96%−76%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 100% from November 4, 2015 to October 6, 2026. Getting back needed a 199274319795055% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.72 – $3.06
From 52-week high
−65.0%
vs 50-day average
+9.4%
vs 200-day average
−34.7%
Volatility (1 year)
97%
Beta vs S&P 500
1.52

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±15.9%
After a week
7 up, 5 down
typical move ±16.4%
After a month
4 up, 5 down
typical move ±16.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +39.3% −1.7% +44.5% —
October 20, 2026 +3.4% +0.9% +28.1% —
October 13, 2026 −9.8% −1.1% −15.3% —
May 14, 2026 −3.8% −0.4% −6.5% +1.1%
April 15, 2026 +21.8% +1.0% +1.9% −13.6%
November 19, 2025 −13.1% −1.1% +5.2% −11.1%
March 27, 2025 −51.8% −2.3% −56.1% −51.4%
January 23, 2025 −2.2% +0.3% −4.8% −31.6%
November 14, 2023 +1.5% +2.2% +1.5% +14.7%
August 14, 2023 +13.2% −0.6% +20.1% −11.3%
May 15, 2023 +7.0% −0.3% +12.5% +4.0%
March 30, 2023 +23.6% +2.0% −0.3% +8.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

XTI Aerospace, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) XTI Aerospace, Inc.
$0 $50M $100M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $11.8M Revenue (TTM), FY23 Q4: $4.6M Revenue (TTM), FY24 Q1: $4.8M Revenue (TTM), FY24 Q2: $5.8M Revenue (TTM), FY24 Q3: $6.7M Revenue (TTM), FY24 Q4: $3.2M Revenue (TTM), FY25 Q1: $3.5M Revenue (TTM), FY25 Q2: $3M Revenue (TTM), FY25 Q3: $4.6M Revenue (TTM), FY25 Q4: $22.5M Revenue (TTM), FY26 Q1: $49.7M Revenue (TTM), FY26 Q2: $81.6M $81.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $11.8M
FY23 Q4 $4.6M
FY24 Q1 $4.8M
FY24 Q2 $5.8M
FY24 Q3 $6.7M
FY24 Q4 $3.2M
FY25 Q1 $3.5M
FY25 Q2 $3M
FY25 Q3 $4.6M
FY25 Q4 $22.5M
FY26 Q1 $49.7M
FY26 Q2 $81.6M
Revenue growth, TTM YoY XTI Aerospace, Inc.
-1000% 0% 1000% 2000% 3000% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -8.1% Revenue growth, TTM YoY, FY23 Q4: -76.5% Revenue growth, TTM YoY, FY24 Q1: -71.5% Revenue growth, TTM YoY, FY24 Q2: -59.0% Revenue growth, TTM YoY, FY24 Q3: -42.8% Revenue growth, TTM YoY, FY24 Q4: -29.8% Revenue growth, TTM YoY, FY25 Q1: -27.5% Revenue growth, TTM YoY, FY25 Q2: -47.8% Revenue growth, TTM YoY, FY25 Q3: -31.6% Revenue growth, TTM YoY, FY25 Q4: 602.4% Revenue growth, TTM YoY, FY26 Q1: 1334.0% Revenue growth, TTM YoY, FY26 Q2: 2587.0% 2587.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -8.1%
FY23 Q4 -76.5%
FY24 Q1 -71.5%
FY24 Q2 -59.0%
FY24 Q3 -42.8%
FY24 Q4 -29.8%
FY25 Q1 -27.5%
FY25 Q2 -47.8%
FY25 Q3 -31.6%
FY25 Q4 602.4%
FY26 Q1 1334.0%
FY26 Q2 2587.0%
Operating margin (TTM) XTI Aerospace, Inc.
-1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -54.4% Operating margin (TTM), FY23 Q4: -166.4% Operating margin (TTM), FY24 Q1: -317.5% Operating margin (TTM), FY24 Q2: -431.3% Operating margin (TTM), FY24 Q3: -399.7% Operating margin (TTM), FY24 Q4: -926.5% Operating margin (TTM), FY25 Q1: -836.5% Operating margin (TTM), FY25 Q2: -687.4% Operating margin (TTM), FY25 Q3: -683.7% Operating margin (TTM), FY25 Q4: -156.9% Operating margin (TTM), FY26 Q1: -75.4% Operating margin (TTM), FY26 Q2: -50.0% -50.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -54.4%
FY23 Q4 -166.4%
FY24 Q1 -317.5%
FY24 Q2 -431.3%
FY24 Q3 -399.7%
FY24 Q4 -926.5%
FY25 Q1 -836.5%
FY25 Q2 -687.4%
FY25 Q3 -683.7%
FY25 Q4 -156.9%
FY26 Q1 -75.4%
FY26 Q2 -50.0%
FCF margin (TTM) XTI Aerospace, Inc.
-1500% -1000% -500% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -85.3% FCF margin (TTM), FY23 Q4: -91.7% FCF margin (TTM), FY24 Q1: -131.4% FCF margin (TTM), FY24 Q2: -186.1% FCF margin (TTM), FY24 Q3: -231.1% FCF margin (TTM), FY24 Q4: -698.8% FCF margin (TTM), FY25 Q1: -1012.8% FCF margin (TTM), FY25 Q2: -1194.5% FCF margin (TTM), FY25 Q3: -836.7% FCF margin (TTM), FY25 Q4: -163.7% FCF margin (TTM), FY26 Q1: -64.6% FCF margin (TTM), FY26 Q2: -44.0% -44.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -85.3%
FY23 Q4 -91.7%
FY24 Q1 -131.4%
FY24 Q2 -186.1%
FY24 Q3 -231.1%
FY24 Q4 -698.8%
FY25 Q1 -1012.8%
FY25 Q2 -1194.5%
FY25 Q3 -836.7%
FY25 Q4 -163.7%
FY26 Q1 -64.6%
FY26 Q2 -44.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 51 63 67 53 4 4 6 9 16 19 5 3 22 82
Gross profit 12 19 19 15 3 3 5 7 12 4 3 2 5 15
EBITDA −4 −7 −11 −22 −13 −17 −20 −24 −72 −19 −8 −30 −43 −40
Operating income −4 −8 −11 −24 −15 −18 −21 −24 −73 −19 −8 −30 −43 −41
Net income −4 −8 −12 −27 −35 −25 −34 −29 −69 −63 −25 −36 −69 −73
Diluted EPS −$6.99 −$8.39 −$37297883.99 −$70140992.59 −$825556457.07 −$389571155.58 −$7118054.00 −$151288.61 −$408868.69 −$272586.32 −$1576.48 −$162.78 −$4.24 —
Growth (year on year)
Revenue — +24.5% +6.4% −20.6% −92.6% −4.5% +67.8% +47.5% +72.0% +21.4% −76.5% −29.8% +602.4% +>999%
Margins
Gross margin 24.2% 29.8% 28.9% 28.1% 68.7% 71.4% 74.5% 71.9% 72.7% 20.5% 68.0% 59.0% 21.9% 18.3%
EBITDA margin −7.5% −11.8% −16.1% −42.1% −334.1% −448.1% −312.4% −254.9% −452.3% −97.0% −166.1% −923.0% −189.7% −49.5%
Operating margin −7.7% −12.2% −17.0% −44.6% −382.0% −489.9% −330.3% −255.9% −454.8% −99.1% −166.4% −926.5% −190.4% −50.0%
Net margin −8.4% −12.0% −17.5% −51.0% −889.8% −654.2% −539.5% −314.4% −432.4% −326.5% −549.5% <−999% −305.7% −89.6%
Free-cash-flow margin −5.6% −8.9% −12.8% −6.2% 54.6% −714.9% −170.7% −232.0% −234.3% −176.2% −91.7% −698.8% −163.7% −44.0%
Cash flow
Cash from operations −3 −5 −8 −3 2 −27 −11 −21 −37 −34 −4 −22 −37 −36
Capital spending 0 1 0 1 0 0 0 1 0 0 0 0 0 0
Free cash flow −3 −6 −9 −3 2 −27 −11 −22 −37 −34 −4 −22 −37 −36
Stock-based pay 1 2 1 1 2 1 3 1 11 4 2 4 12 19
Free cash flow after stock pay −4 −7 −10 −5 1 −28 −14 −23 −48 −38 −6 −26 −49 −55
Balance sheet
Cash 2 3 4 2 0 1 5 18 52 9 0 4 17 7
Total debt 8 5 11 11 4 4 7 5 3 13 25 3 16 22
Net debt (negative = net cash) 6 2 7 9 4 3 3 −13 −49 3 25 −1 −1 15
Diluted shares — — — — — — — 192m 189m — — 227m 16m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $73m
Short-term assets $45mLonger-term assets $28m
What it owes, and who funded it · $85m
Short-term liabilities $84mLonger-term liabilities $1mShareholders' equity $-26m
  • Short-term assets cover short-term liabilities $45m of assets due within a year against $84m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $45m short-term assets against $909,000 of longer-dated liabilities.
  • More cash than debt $7m of cash against $13m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$36m of operating cash flow against $13m of debt.
  • Operating profit covers interest at least five times over Operating income of −$41m against $354,000 of interest.

From XTI Aerospace, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
4.1%
of revenue
Days sales outstanding
59 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated XTIA PKE CVU IA SIF CEPL Median
Revenue, last 12 months $82m $81m $74m $93m $99m $103m $769m
Revenue growth, last 12 months >999% 27.7% 2.6% 20.3% 18.8% 5.4% 15.5%
Revenue growth, 3-year average 79.1% 13.3% −5.4% 47.4% 14.8% 9.3% 12.6%
Revenue growth, latest quarter >999% 26.9% 15.8% 10.7% 18.3% −10.6% 15.8%
Gross margin 18.3% 32.7% 22.5% 54.9% 16.6% 34.0% 27.8%
Operating margin −50.0% 21.1% 8.2% 27.4% 5.2% 4.4% 9.0%
Operating margin, 3-year average −389.5% 17.2% 5.2% 22.8% −2.3% −7.3% 6.0%
Net margin −89.6% 18.4% 5.1% 20.5% 4.0% 3.5% 5.5%
Cash from operations / revenue −43.7% 16.5% −3.1% 19.9% 4.1% 4.3% 5.5%
Free-cash-flow margin −44.0% 14.2% −3.2% 15.3% 3.4% 2.8% 3.4%
Free-cash-flow margin, 3-year average −474.9% 10.0% 0.1% 11.7% −0.6% −7.4% 3.0%
Stock pay / revenue 23.9% 0.5% 0.9% 3.0% — 0.8% 1.2%
Change in share count 19.0% 4.5% 1.4% 3.3% 1.4% 28.4% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 2587.0% 15.5% 2 of 57
Change in growth rate Growth +1253.0pp +2.2pp 2 of 57
Gross margin Profitability 18.3% 28.3% 38 of 46
Operating margin Profitability -50.0% 8.5% 40 of 51
Net margin Profitability -89.6% 5.5% 47 of 57
Free-cash-flow margin Cash generation -44.0% 3.4% 43 of 57
Stock pay as % of revenue Cash generation 23.9% 1.5% 45 of 53
Long-term debt as % of assets Balance sheet 18.1% 22.1% 19 of 47
Days sales outstanding Balance sheet 59 days 53 days 27 of 45

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$10.1M
Institutions reporting
59
Shares held vs prior quarter
▲ 24.0%
Positions opened / closed
13 / 8

Top buyers and sellers, Q2 2026: 29 institutions bought and 16 sold ; the biggest buyer was Mercer Global Advisors Inc (+606K shares) and the biggest seller Goldman Sachs Group Inc (−115K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $3M 1.6M 29.4% ▼ 5.6%
Myda Advisors LLC $1.3M 700K 12.6% ▼ 5.4%
Mercer Global Advisors Inc $1.1M 606K 10.9% New
Geode Capital Management, LLC $752,160 415K 7.5% ▲ 4.5%
Covestor Ltd $565,000 312K 5.6% ▲ 172.7%
Blackrock, Inc. $436,614 241K 4.3% ▲ 141.6%
Vanguard Fiduciary Trust Co $415,201 229K 4.1% ▲ 11.0%
State Street Corp $387,345 214K 3.8% ▲ 29.0%
Alphacentric Advisors LLC $362,000 200K 3.6% ▲ 33.3%
Osaic Holdings, Inc. $325,806 180K 3.2% ▲ 25.5%
Northern Trust Corp $163,648 90K 1.6% ▲ 21.3%
Farther Finance Advisors, LLC $155,660 86K 1.5% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not XTI Aerospace, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 4, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • October 20, 2026
  • October 13, 2026
  • May 14, 2026
  • April 15, 2026
  • November 19, 2025

Recent SEC filings

Data status

When each part of this page on XTI Aerospace, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

XTI Aerospace, Inc. in brief

What does XTI Aerospace, Inc. do?
XTI Aerospace, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is XTI Aerospace, Inc.'s stock ticker?
XTI Aerospace, Inc. trades under the ticker XTIA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is XTI Aerospace, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, XTI Aerospace, Inc. reported revenue of $81.6M, 2587.0% higher than a year earlier, according to its SEC filings.
What is XTI Aerospace, Inc.'s free cash flow?
XTI Aerospace, Inc.'s free-cash-flow margin is -44.0% of revenue over the trailing twelve months, ranking 43 of the 57 aerospace & defense companies we cover.
Who are XTI Aerospace, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Myda Advisors LLC and Mercer Global Advisors Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is XTI Aerospace, Inc.'s market cap?
On December 31, 2025, XTI Aerospace, Inc.'s market capitalisation was about $20.3M and net debt of -$834,000. Market figures come from third-party market data and may be delayed.
Who are XTI Aerospace, Inc.'s competitors?
In our Aerospace & Defense peer group, the companies closest to XTI Aerospace, Inc. are Park Aerospace Corp, CPI Aerostructures Inc, Innovative Solutions & Support Inc, Sifco Industries Inc and Capstone Energy Plus, Inc. The side-by-side comparison below sets their revenue, margins and growth against XTI Aerospace, Inc.'s.
When is XTI Aerospace, Inc.'s next earnings date?
Around February 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — XTI Aerospace, Inc. announces its own schedule.