XTI Aerospace, Inc.

For the period ended Jun 30, 2026. Filed Oct 20, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Oct 20, 2026

XTIA$0.94+5.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(In thousands, except number of shares and par value data)

	June 30, 2026	December 31, 2025
(Unaudited)
Assets
Current Assets
Cash and cash equivalents	$7,214	$16,696
Accounts receivable, net	13,170	12,093
Inventories	19,092	15,400
Prepaid expenses and other current assets	5,864	3,989
Current assets of discontinued operations (Note 17)	—	3,645
Total Current Assets	45,340	51,823
Property and equipment, net	401	385
Operating lease right-of-use asset, net	1,511	2,965
Intangible assets, net	8,879	9,338
Goodwill	11,544	11,544
Note receivable	4,286	—
Other assets	879	403
Non-current assets of discontinued operations (Note 17)	—	4,788
Total Assets	$72,840	$81,246

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(In thousands, except number of shares and par value data)

	June 30, 2026	December 31, 2025
(Unaudited)
Liabilities, Mezzanine Equity, and Stockholders’ Equity (Deficit)
Current Liabilities
Accounts payable	$2,590	$5,212
Accrued expenses and other current liabilities	7,738	6,556
Customer deposits	1,916	3,071
Warrant liability	56,482	22,561
Operating lease obligation, current	630	550
Note payable-related party	450	—
Acquisition-related promissory note-related party	4,431	7,931
Asset-based revolving line of credit	8,760	—
Income tax payable	1,241	—
Current liabilities of discontinued operations (Note 17)	—	1,722
Total Current Liabilities	84,238	47,603
Note payable-related party	—	450
Operating lease obligation, noncurrent	909	2,427
Non-current liabilities of discontinued operations (Note 17)	—	322
Total Liabilities	85,147	50,802
Commitments and Contingencies (Note 13)
Mezzanine Equity
Representative and placement agent warrants, net of issuance costs	2,701	2,701
Stockholders’ Equity (Deficit)
Preferred Stock - $0.001 par value; 5,000,000 shares authorized	—	—
Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1 share issued and outstanding as of June 30, 2026 and December 31, 2025	—	—
Series 5 Convertible Preferred Stock - 12,000 shares authorized; 126 shares issued and outstanding as of June 30, 2026 and December 31, 2025	—	—
Series 9 Convertible Preferred Stock - 20,000 shares authorized; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	—	—
Series 10 Convertible Preferred Stock - 25,000 shares authorized; 0 and 25,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	—	21,793
Common Stock - $0.001 par value; 500,000,000 shares authorized; 38,477,789 and 32,786,816 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	38	33
Additional paid-in capital	174,720	157,354
Accumulated other comprehensive loss	—	881
Accumulated deficit	(200,347)	(162,323)
Total Stockholders’ Equity (Deficit)	(25,589)	17,738
Noncontrolling interest – Class B Units of XTI Drones Holdings, LLC	10,581	10,005
Total Equity (Deficit)	(15,008)	27,743
Total Liabilities, Mezzanine Equity, and Equity (Deficit)	$72,840	$81,246

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.