XTI Aerospace, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $16.7M | $4.0M | $5.0K | $9.3M | $52.5M | $18.0M | $4.8M | $1.0M |
| Accounts Receivable | $12.1M | $706.0K | $568.0K | $1.2M | $3.2M | $1.7M | $1.1M | $1.3M |
| Inventory | $15.4M | $2.2M | $2.4M | $2.0M | $2.0M | $1.2M | — | — |
| Total Current Assets | $51.8M | $8.6M | $231.0K | $29.9M | $106.0M | $30.3M | $6.8M | $3.4M |
| Property, Plant & Equipment | $385.0K | $72.0K | $12.0K | $342.0K | $1.4M | $1.4M | $145.0K | $202.0K |
| Goodwill | $11.5M | $12.1M | — | $0 | $7.7M | $6.6M | $2.1M | $0 |
| Intangible Assets (Excl. Goodwill) | $9.3M | $284.0K | $266.0K | $3.0M | $33.5M | $14.2M | $8.4M | $4.5M |
| Total Assets | $81.2M | $24.3M | $509.0K | $57.6M | $156.7M | $59.0M | $21.2M | $12.2M |
| Liabilities | ||||||||
| Accounts Payable | $5.2M | $5.2M | $2.5M | $720.0K | $2.4M | $908.0K | $2.4M | $1.1M |
| Total Current Liabilities | $47.6M | $17.4M | $13.3M | $24.7M | $27.1M | $12.1M | $13.7M | $7.3M |
| Long-Term Debt | $450.0K | $65.0K | $18.5M | — | — | — | — | $74.0K |
| Total Liabilities | $50.8M | $17.7M | $32.1M | $25.5M | $28.5M | $14.3M | $15.2M | $7.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-162.3M | $-93.6M | $-58.0M | $-313.7M | $-250.3M | $-181.0M | $-151.8M | $-117.8M |
| Total Stockholders' Equity | $17.7M | $6.6M | $-31.6M | $-15.0M | $81.8M | $44.6M | $6.0M | $4.8M |