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$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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Condensed Consolidated Statements of Operations
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (Unaudited) · (Unaudited) | ||||
| Revenues | $32,449 | $— | $60,145 | $— |
| Cost of Revenues | 26,806 | — | 49,356 | — |
| Gross Profit | 5,643 | — | 10,789 | — |
| Operating Expenses | ||||
| Research and development | 577 | 1,380 | 1,774 | 2,504 |
| Sales and marketing | 1,975 | 934 | 4,338 | 1,209 |
| General and administrative | 11,855 | 3,474 | 23,601 | 10,270 |
| Merger and acquisition transaction costs | 90 | — | 90 | — |
| Amortization of intangible assets | 228 | 8 | 458 | 16 |
| Total Operating Expenses | 14,725 | 5,796 | 30,261 | 13,999 |
| Loss from Operations | (9,082) | (5,796) | (19,472) | (13,999) |
| Other Income (Expense) | ||||
| Interest expense, net | (148) | (1) | (302) | (218) |
| Loss on extinguishment of debt | — | — | — | (421) |
| Warrant issuance expense | — | (3,779) | — | (5,795) |
| Change in fair value of warrant liability | 8,413 | (5,934) | (13,034) | (5,431) |
| Other | (33) | (5) | 212 | (349) |
| Total Other Income (Expense) | 8,232 | (9,719) | (13,124) | (12,214) |
| Loss from Continuing Operations Before Income Taxes | (850) | (15,515) | (32,596) | (26,213) |
| Income tax (expense) benefit | — | (9) | — | 6 |
| Net Loss from Continuing Operations, net of tax | (850) | (15,524) | (32,596) | (26,207) |
| Loss from operations of discontinued component, inclusive of tax | (1,600) | (5,334) | (4,852) | (7,523) |
| Net loss | (2,450) | (20,858) | (37,448) | (33,730) |
| Net income attributable to noncontrolling interest | 304 | — | 576 | — |
| Net Loss Attributable to XTI Aerospace, Inc. | (2,754) | (20,858) | (38,024) | (33,730) |
| Less: Preferred stock dividends | — | — | 42 | 29 |
| Net Loss Attributable to Common Stockholders | $(2,754) | $(20,858) | $(38,066) | $(33,759) |
| Net Loss Per Share – Basic and Diluted: | ||||
| Continuing operations | $(0.03) | $(2.18) | $(0.90) | $(4.98) |
| Discontinued operations | $(0.04) | $(0.75) | $(0.13) | $(1.43) |
| Net loss per share | $(0.07) | $(2.93) | $(1.03) | $(6.41) |
| Weighted Average Shares Outstanding, Basic and Diluted | 38,476,439 | 7,121,837 | 36,857,677 | 5,263,609 |
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