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XTI Aerospace (XTIA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Oct 20, 2026 · XTI Aerospace (XTIA) Q2 2026 earnings results →
Q2 2026 8¢ of every $1 of revenue lost · operating margin -28.0%
XTI Aerospace made $32.4M in Q2 2026. Operating margin -28.0%, net loss $2.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 20, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $32.4M in Q2 2026, up 17% from the previous quarter.
Gross margin was 17.4%. Operating costs exceeded revenue by $9.1M, an operating margin of -28.0%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $35.0M loss. Non-operating items added $6.6M, -271% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$10.6M. Non-cash charges added back $271K of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $12.1M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$10.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Oct 20, 2026 | $32.4M | — | -28.0% | −$2.5M | −$10.6M |
| Q1 2026 | 10-Q | May 14, 2026 | $27.7M | 57× | -37.5% | −$35.0M | −$10.5M |
| Q4 2025 | 10-K | Apr 15, 2026 | $18.9M | 18× | -34.2% | −$21.6M | −$6.3M |
| Q3 2025 | 10-Q | Nov 19, 2025 | $2.5M | +171% | -596.2% | −$13.4M | −$8.4M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $600K | -42% | n/m | −$20.9M | −$6.7M |
| Q1 2025 | 10-Q | May 19, 2025 | $484K | +120% | n/m | −$12.9M | −$15.2M |
| Q4 2024 | 10-K | Apr 15, 2025 | $1.0M | -77% | -964.2% | −$13.9M | −$8.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About XTI Aerospace
XTI Aerospace is a provider of unmanned aerial systems (“UAS”) solutions operating through two business divisions: a commercial drone solutions business and an advanced systems and defense division. The Company expects to continue developing a third business division, a domestic manufacturing and technology division. The Company’s commercial drone solutions business, conducted primarily through its majority owned subsidiary, XTI Drones Holdings, LLC, which owns Drone Nerds, LLC and Anzu Robotics, LLC (collectively, “Drone Nerds”), constitutes substantially all of the Company’s revenues. The advanced systems and defense division (formerly XTI Aircraft) is in an earlier stage of development and has not yet generated any revenues.
In its own words, from its 10-K, filed Apr 15, 2026.
XTI Aerospace against its Services-Computer Programming Services peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -28.0% against the peers' median 12.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XTIA XTI Aerospace | Q2 2026 | $32.4M | — | -28.0% |
| CTSH Cognizant Technology Solutions | Q3 2026 | $5.7B | +5% | 15.4% |
| EPAM Epam Systems | Q3 2026 | $1.4B | +2% | 12.3% |
| ZS Zscaler | Q4 FY26 | $898M | +25% | -1.7% |
| VRSN VeriSign | Q3 2026 | $443M | +6% | 66.9% |
| RDNW RideNow Group | Q2 2026 | $297M | -1% | 6.0% |
| DOCS Doximity | Q2 FY27 | $175M | +4% | 25.2% |
| IA Innovative Solutions & Support | Q3 FY26 | $26.7M | +11% | 22.6% |
| NIXX Nixxy | Q2 2026 | $16.1M | +20% | -10.1% |
Source: XTI Aerospace 10-Q on SEC EDGAR · CIK 1529113 · Services-Computer Programming Services
13F: who owns XTIA and who is buying
More on XTIA
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results