XTI Aerospace, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.5M | $3.2M | $4.6M | $19.4M | $16.0M | $9.3M | $6.3M | $3.8M |
| Cost of Revenue | $17.6M | $1.3M | $1.5M | $2.1M | $4.4M | $2.6M | $1.6M | $1.1M |
| Gross Profit | $4.9M | $1.9M | $3.1M | $4.0M | $11.6M | $6.7M | $4.7M | $2.7M |
| Gross Margin | 21.9% | 59.0% | 68.0% | 20.5% | 72.7% | 71.9% | 74.5% | 71.4% |
| Operating Expenses | ||||||||
| Research & Development | $5.2M | $2.0M | $1.4M | $4.5M | $14.1M | $6.5M | $3.9M | $1.2M |
| SG&A Expense | $32.8M | $19.7M | $3.6M | $14.1M | $41.5M | $15.3M | $13.7M | $14.1M |
| Operating Income | $-42.8M | $-29.7M | $-7.6M | $-19.2M | $-72.7M | $-23.8M | $-20.8M | $-18.4M |
| Operating Margin | -190.4% | -926.5% | -166.4% | -99.1% | -454.8% | -255.9% | -330.3% | -489.9% |
| Interest Expense | $300.0K | $300.0K | $600.0K | — | — | — | — | — |
| Pretax Income | $-53.0M | $-28.3M | $-25.1M | $-19.9M | $-71.5M | $-29.3M | $-34.6M | $-19.8M |
| Income Tax Expense | $-10.0K | $16.0K | $24.0K | $-181.0K | $-1.4M | $-56.0K | $-584.0K | — |
| Net Income | $-68.8M | $-35.6M | $-25.1M | $-63.4M | $-69.2M | $-29.2M | $-34.0M | $-24.6M |
| Net Margin | -305.7% | -1,111.9% | -549.5% | -326.5% | -432.4% | -314.4% | -539.5% | -654.2% |
| EPS (Basic) | $-4.24 | $-162.78 | $-21.90 | $-47.39 | $-0.71 | $-0.01 | $-0.66 | $-36.12 |
| EPS (Diluted) | $-4.24 | $-162.78 | $-21.90 | $-47.39 | $-0.71 | $-0.01 | $-0.66 | $-36.12 |
| Shares Outstanding (Basic) | 16.3M | 227.2K | 1.1M | 167.9M | 108.8M | 2.07B | 304.9M | 2.5M |
| Shares Outstanding (Diluted) | 16.3M | 227.2K | 1.1M | 167.9M | 108.8M | 2.07B | 304.9M | 2.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |