Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.2M | $3.94M | $3.76M | $6.30M | $9.30M | $16.0M | $19.4M | $4.56M | $3.20M | $22.5M |
| Revenue growth | — | -92.6% | -4.5% | 67.8% | 47.5% | 72.0% | 21.4% | -76.5% | -29.8% | 602.4% |
| Gross profit | $14.9M | $2.70M | $2.68M | $4.69M | $6.68M | $11.6M | $3.99M | $3.10M | $1.89M | $4.92M |
| Gross margin | 28.1% | 68.7% | 71.4% | 74.5% | 71.9% | 72.7% | 20.5% | 68.0% | 59.0% | 21.9% |
| Operating income | -$23.7M | -$15.0M | -$18.4M | -$20.8M | -$23.8M | -$72.7M | -$19.2M | -$7.59M | -$29.7M | -$42.8M |
| Operating margin | -44.6% | -382.0% | -489.9% | -330.3% | -255.9% | -454.8% | -99.1% | -166.4% | -926.5% | -190.4% |
| Net income | -$27.1M | -$35.0M | -$24.6M | -$34.0M | -$29.2M | -$69.2M | -$63.4M | -$25.1M | -$35.6M | -$68.8M |
| Net margin | -51.0% | -889.8% | -654.2% | -539.5% | -314.4% | -432.4% | -326.5% | -549.5% | -1111.9% | -305.7% |
| EPS (diluted) | -$468.26 | -$5,511.40 | -$2,600.77 | -$47.52 | -$1.01 | -$51.18 | -$3,412.09 | -$1,576.48 | -$162.78 | -$4.24 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.79M | $2.25M | -$26.8M | -$10.7M | -$20.6M | -$37.1M | -$34.0M | -$4.18M | -$22.3M | -$36.6M |
| Capital expenditures | $526K | $101K | $88.0K | $89.0K | $972K | $346K | $245K | $3.00K | $68.0K | $215K |
| Free cash flow | -$3.31M | $2.15M | -$26.9M | -$10.8M | -$21.6M | -$37.5M | -$34.2M | -$4.18M | -$22.4M | -$36.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.82M | $119K | $1.01M | $4.78M | $18.0M | $52.5M | $9.28M | $5.00K | $3.97M | $16.7M |
| Total assets | $66.5M | $27.7M | $12.2M | $21.2M | $59.0M | $157M | $57.6M | $509K | $24.3M | $81.2M |
| Total liabilities | $63.8M | $46.5M | $7.38M | $15.2M | $14.3M | $28.5M | $25.5M | $32.1M | $17.7M | $50.8M |
| Long-term debt | $4.05M | $767K | $74.0K | — | — | — | — | $18.5M | $65.0K | $450K |
| Shareholders' equity | $4.71M | -$16.8M | $4.78M | $6.02M | $44.6M | $81.8M | -$15.0M | -$31.6M | $6.57M | $17.7M |
| Retained earnings | -$59.5M | -$94.5M | -$118M | -$152M | -$181M | -$250M | -$314M | -$58.0M | -$93.6M | -$162M |
| Shares (wtd avg diluted) | 71.9B | 24.0B | 35.2B | 4.23M | 28.8M | 1.51M | 23.3B | 15.9B | 227K | 16.3M |
Every figure is extracted from XTI Aerospace, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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