13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 19.3% per year over the past 5 years.
Operating margin has expanded, at -190.4% in the latest year.
Financial health
The company holds more cash ($17M) than total debt ($8M).
Total debt has grown slower than revenue (-42.4% vs 19.3% per year).
Operating income covered interest expense -158.6× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$22M
-$69M
21.9%
-190.4%
-$37M
$8M
$17M
2024
$3M
-$36M
59.0%
-926.5%
-$22M
$3M
$4M
2023
—
-$25M
—
—
-$4M
$25M
$5000
2022
$19M
-$63M
20.5%
-99.1%
-$34M
—
$9M
2021
$16M
-$69M
72.7%
-454.8%
-$37M
—
$42M
2020
$9M
-$29M
71.9%
-255.9%
-$22M
—
$18M
2019
$6M
-$34M
74.5%
-330.3%
-$11M
—
$5M
2018
$4M
-$25M
71.4%
-489.9%
-$27M
$4M
$1M
2017
$4M
-$35M
68.7%
-382.0%
$2M
$4M
$119000
2016
$53M
-$27M
28.1%
-44.6%
-$3M
$11M
$2M
2015
$67M
-$12M
28.9%
-17.0%
-$9M
$11M
$4M
2014
$63M
-$8M
29.8%
-12.2%
—
$5M
$3M
2013
$51M
-$4M
24.2%
-7.7%
—
$8M
$2M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$28M
-$35M
18.6%
-37.5%
-$11M
$21M
$15M
Dec '25
$19M
-$22M
16.0%
-34.2%
-$6M
$8M
$17M
Sep '25
$2M
-$13M
43.4%
-596.2%
-$8M
—
$32M
Jun '25
$600000
-$21M
80.5%
-1855.0%
-$7M
$65000
$20M
Mar '25
$484000
-$13M
69.2%
-1694.8%
-$15M
$65000
$8M
Dec '24
$1M
-$14M
54.7%
-256.2%
-$8M
$3M
$4M
Sep '24
$918000
-$4M
56.6%
-459.3%
-$6M
$3M
$511000
Jun '24
$1M
-$15M
64.2%
-1350.8%
-$6M
$3M
$6M
Mar '24
$220000
-$3M
64.1%
-4035.0%
-$3M
$903000
$2M
Dec '23
—
-$16M
—
—
-$1M
$25M
$5000
Sep '23
$0
-$3M
—
—
-$1M
—
$13M
Jun '23
$0
-$5M
—
—
-$1M
—
$16M
Mar '23
$0
-$2M
—
—
-$457000
—
$15M
Dec '22
$5M
-$15M
-23.9%
24.7%
-$7M
—
$9M
Sep '22
$2M
-$18M
69.0%
-224.4%
-$7M
—
$63M
Jun '22
$3M
-$20M
66.8%
-363.9%
-$4M
—
$66M
Mar '22
$3M
-$11M
69.9%
-348.7%
-$15M
—
$61M
Dec '21
$5M
-$38M
72.6%
-672.9%
-$13M
—
$42M
Sep '21
$4M
-$34M
73.3%
-279.9%
-$10M
—
$67M
Jun '21
$3M
$15M
74.1%
-385.0%
-$9M
—
$25M
Valuation over time
How the market has priced XTIA against its own fundamentals since 2024-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.5× (Dec '24) to 2.8× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is XTIA growing its revenue and profit?
Over the past 5 years, XTI Aerospace, Inc.'s revenue has grown 19.3% per year. These are computed facts, not advice.
How much debt does XTIA have?
As of FY2025, XTI Aerospace, Inc. reported $8M of total debt against $17M of cash; operating income covered interest expense -158.6×.
What is XTIA's profit margin?
In FY2025, gross margin was 21.9%, operating margin -190.4%, and net margin -305.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.