Filing Flows › XTI Aerospace (XTIA) › Q1 2026
XTI Aerospace (XTIA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
XTI Aerospace (XTIA) reported revenue of $27.7M for the first quarter 2026 (Q1 2026), up 57-fold from a year earlier and +46% from the quarter before. Operating margin was -37.5%, net loss $35.0M (126.4% of revenue).
XTI Aerospace, Q1 2026: revenue $27.7M (57× year over year), operating margin -37.5%, net loss $35.0M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.7M | +46% | 57× |
| Operating profit | −$10.4M | — | — |
| Net earnings | −$35.0M | — | — |
| Operating cash flow | −$10.5M | — | — |
What changed
Revenue was $27.7M in Q1 2026, up 5622% year over year and up 46% from the previous quarter.
Gross margin was 18.6%, down 50.6 points from Q1 2025. Operating costs exceeded revenue by $10.4M, an operating margin of -37.5%. Operating expenses grew 82% against revenue growth of 5622%. The fastest-growing cost line was Sales & marketing (+759%). The quarter ended with a net loss of $35.0M, wider than the previous quarter's $21.6M loss. Net interest and other expense of $21.4M was the main reason.
Operating cash flow was −$10.5M. Non-cash charges added back $56K of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $19.6M. Capital expenditures of $131K exceeded it, leaving free cash flow of −$10.6M.
Questions
What was XTI Aerospace's revenue in the first quarter 2026?
XTI Aerospace (XTIA) reported revenue of $27.7M for the first quarter 2026 (Q1 2026), up 57-fold from a year earlier and +46% from the quarter before.
Was XTI Aerospace profitable in the first quarter 2026?
Operating loss was $10.4M (-37.5% of revenue) and net loss $35.0M.
Source: XTI Aerospace 10-Q on SEC EDGAR.