XTI Aerospace, Inc.
For the period ended Jun 30, 2026. Filed Oct 20, 2026.
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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$1.00+6.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| (amounts in thousands, unaudited) | 2026 | 2025 |
| Cash Flows Used in Operating Activities | ||
| Net loss | $(37,448) | $(33,730) |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 110 | 68 |
| Amortization of intangible assets | 458 | 152 |
| Amortization of right-of-use asset | 390 | 76 |
| Non-cash interest (income) expense, net | (206) | 145 |
| Stock-based compensation | 8,619 | 1,177 |
| Impairment of goodwill | — | 4,049 |
| Impairment of intangible assets | — | 631 |
| Loss on extinguishment of debt | — | 421 |
| Warrant issuance expense | — | 5,795 |
| Change in fair value of warrant liability | 13,034 | 5,431 |
| Loss on sale of Inpixon Business | 831 | — |
| Other income | (250) | — |
| Other | 257 | (291) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and other receivables | 203 | 401 |
| Inventories | (3,673) | (4) |
| Prepaid expenses and other current assets | (1,582) | (264) |
| Other assets | (19) | 362 |
| Accounts payable | (2,648) | (1,814) |
| Related party payables | — | (51) |
| Accrued expenses and other current liabilities | 2,256 | (4,838) |
| Customer deposits | (980) | 376 |
| Operating lease obligation | (360) | (75) |
| Net Cash Used in Operating Activities | (21,008) | (21,983) |
| Cash Flows Used in Investing Activities | ||
| Purchase of property and equipment | (170) | (103) |
| Net cash paid on disposal of the Inpixon Business | (694) | — |
| Net Cash Used in Investing Activities | (864) | (103) |
| Cash Provided by Financing Activities | ||
| Proceeds from the exercise of liability classified warrants | 7,927 | 3,771 |
| Payment of offering costs and commissions in connection with exercise of liability classified warrants | (488) | — |
| Net proceeds from sale of common stock and pre-funded warrants via public offerings | — | 36,396 |
| Net proceeds from ATM stock offering | — | 1,667 |
| Redemption of Series 9 preferred stock | — | (1,427) |
| Borrowings on Asset-Based Revolving Line of Credit (Drone Nerds) | 45,008 | — |
| Repayment of borrowings on Asset-Based Revolving Line of Credit (Drone Nerds) | (36,248) | — |
| Payment of debt issuance costs | (565) | — |
| Repayments of promissory notes-related party | (3,500) | (2,719) |
| Net Cash Provided by Financing Activities | 12,134 | 37,688 |
| Effect of Foreign Exchange Rate on Changes on Cash | 33 | 339 |
| Net (Decrease) Increase in Cash and Cash Equivalents | (9,705) | 15,941 |
| Cash and Cash Equivalents - Beginning of period | 16,919 | 4,105 |
| Cash and Cash Equivalents - End of period | $7,214 | $20,046 |
| Six Months Ended June 30, | ||
|---|---|---|
| (amounts in thousands, unaudited) | 2026 | 2025 |
| Supplemental Disclosure of cash flow information: | ||
| Cash paid for interest | $487 | $282 |
| Cash paid for income taxes | $— | $9 |
| Non-cash investing and financing activities | ||
| Common shares issued for conversion of debt and accrued interest | $— | $750 |
| Warrant liabilities exchanged for common stock | $3,299 | $— |
| Conversion of Series 10 Preferred Stock to pre-funded warrants | $24,186 | $— |
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