XTI Aerospace, Inc.
For the period ended Apr 15, 2026. Filed Apr 15, 2026.
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Apr 15, 2026 · Filed Apr 15, 2026
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XTIA$0.89+6.0%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| For the Three Months Ended December 31, | For the Year Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $22,490 | $— | $22,490 | $— |
| Cost of Revenues | 17,569 | — | 17,569 | — |
| Gross Profit | 4,921 | — | 4,921 | — |
| Operating Expenses | ||||
| Research and development | 1,287 | 491 | 5,240 | 1,970 |
| Sales and marketing | 2,323 | 545 | 5,604 | 1,517 |
| General and administrative | 12,719 | 4,505 | 32,845 | 19,660 |
| Merger-related transaction costs | 3,429 | — | 3,887 | 6,490 |
| Amortization of intangible assets | 142 | 8 | 166 | 30 |
| Total Operating Expenses | 19,900 | 5,549 | 47,742 | 29,667 |
| Loss from Operations | (14,979) | (5,549) | (42,821) | (29,667) |
| Other (Expense) Income | ||||
| Interest expense, net | (51) | (229) | (270) | (782) |
| Amortization of deferred loan costs | — | — | — | (17) |
| Loss on conversion of note receivable to equity instrument | — | (2,630) | — | (2,630) |
| Loss on extinguishment of debt | — | — | (421) | (6,732) |
| Provision for expected credit losses on convertible note investment | (2,039) | — | (2,039) | — |
| Change in fair value of convertible notes payable | — | — | — | 12,882 |
| Change in fair value of equity securities | — | (1,068) | (349) | (1,068) |
| Change in fair value of warrant liability | 2,684 | — | (596) | (281) |
| Warrant issuance expense | — | — | (6,580) | — |
| Other income, net | 30 | 24 | 30 | 42 |
| Total Other (Expense) Income | 624 | (3,903) | (10,225) | 1,414 |
| Loss from continuing operations before income taxes | (14,355) | (9,452) | (53,046) | (28,253) |
| Income tax benefit (provision) | 4 | — | 10 | (16) |
| Net loss from continuing operations, net of tax | (14,351) | (9,452) | (53,036) | (28,269) |
| Loss from discontinued operations, net of tax | (6,964) | (4,404) | (15,455) | (7,334) |
| Net loss | (21,315) | (13,856) | (68,491) | (35,603) |
| Net loss attributable to noncontrolling interest | (270) | — | (270) | — |
| Net loss attributable to XTI Aerospace, Inc. | (21,585) | (13,856) | (68,761) | (35,603) |
| Preferred stock dividends | (408) | (110) | (437) | (606) |
| Deemed dividends | — | (258) | — | (772) |
| Net Loss Attributable to Common Stockholders | $(21,993) | $(14,224) | $(69,198) | $(36,981) |
| Net loss per share - basic and diluted: | ||||
| Continuing operations | $(0.45) | $(14.28) | $(3.28) | $(129.24) |
| Discontinued operations | $(0.21) | $(6.41) | $(0.96) | $(33.54) |
| Net loss | $(0.66) | $(20.69) | $(4.24) | $(162.78) |
| Weighted Average Shares Outstanding, Basic and Diluted | 32,744,968 | 687,471 | 16,337,782 | 227,193 |
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.
p.6
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