v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues $ 27,696
Cost of Revenues 22,550
Gross Profit 5,146
Operating Expenses    
Research and development 1,197 1,124
Sales and marketing 2,363 275
General and administrative 11,746 6,796
Amortization of intangible assets 230 8
Total Operating Expenses 15,536 8,203
Loss from Operations (10,390) (8,203)
Other (Expense) Income    
Interest expense, net (154) (217)
Loss on extinguishment of debt (421)
Warrant issuance expense (2,016)
Change in fair value of warrant liability (21,447) 503
Other 245 (344)
Total Other (Expense) Income (21,356) (2,495)
Loss from Continuing Operations Before Income Taxes (31,746) (10,698)
Income tax benefit 15
Net Loss from Continuing Operations, net of tax (31,746) (10,683)
Loss from operations of discontinued component, inclusive of tax (3,252) (2,189)
Net loss (34,998) (12,872)
Net (income) loss attributable to noncontrolling interest (272)
Net Loss Attributable to XTI Aerospace, Inc. (35,270) (12,872)
Less: Preferred stock dividends (42) (29)
Net Loss Attributable to Common Stockholders $ (35,312) $ (12,901)
Net Loss Per Share – Basic and Diluted:    
Net Loss Per Share – basic Continuing operations (in Dollars per share) $ (0.91) $ (3.16)
Net loss per share – diluted Continuing operations (in Dollars per share) (0.91) (3.16)
Net loss per share – basic Discontinued operations (in Dollars per share) (0.09) (0.64)
Net loss per share – diluted Discontinued operations (in Dollars per share) (0.09) (0.64)
Net loss per share – basic (in Dollars per share) (1) (3.8)
Net loss per share – diluted (in Dollars per share) $ (1) $ (3.8)
Weighted Average Shares Outstanding, Basic (in Shares) 35,284,100 3,384,736
Weighted Average Shares Outstanding, Diluted (in Shares) 35,284,100 3,384,736

Source

10-Q PDF
XBRL