XTI Aerospace Reports $27.7M Q1 Revenue, Targets $160M Full-Year and Q3 Cash Breakeven
XTIA•XTI Aerospace posted first-quarter 2026 revenue of $27.7 million with gross profit of $5.1 million, translating to an 18.6% margin. The company targets at least $160 million in full-year revenue, 19–21% gross profit margin, breakeven cash flow by Q3, and $15–17 million in year-end cash.
1. First-Quarter Financial Results
XTI Aerospace reported first-quarter 2026 revenue of $27.7 million and gross profit of $5.1 million, representing an 18.6% margin. Adjusted EBITDA loss narrowed from approximately $10 million in Q4 2025 to about $5 million, while warrant exercises generated net proceeds of $7.4 million.
2. 2026 Full-Year Outlook
For full-year 2026, XTI Aerospace targets at least $160 million in revenue with a 19–21% gross profit margin, breakeven cash flow in Q3, and year-end cash of $15–17 million. Drone Nerds is expected to deliver 9–10% EBITDA margin, with second-half consolidated adjusted EBITDA of $2–3 million and $5–10 million availability under its ABL facility.
3. Strategic Transactions and Board Appointments
In February 2026, the company divested its Inpixon RTLS business to focus on the drone platform and secured a $20 million asset-based lending credit facility. The board was strengthened with the appointments of Clinton Weber and Jonathan Ornstein, enhancing expertise in aviation, aerospace and unmanned systems.
