XTI Aerospace, Inc.
XTIANasdaqTechnology · Services-Computer Programming Services · NV · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $22.5M | $3.2M | $4.6M | $6.1M | $16.0M | $9.3M |
| Operating income | −$42.8M | −$29.7M | −$26.9M | −$19.2M | −$72.7M | −$23.8M |
| Net income | −$68.8M | −$35.6M | −$45.9M | −$63.4M | −$69.2M | −$29.2M |
| Total assets | $81.2M | $24.3M | $23.8M | $57.6M | $156.7M | $59.0M |
| Total liabilities | $50.8M | $17.7M | $17.0M | $25.5M | $28.5M | $14.3M |
| Equity | $17.7M | $6.6M | $6.3M | $33.3M | $81.8M | $44.6M |
| EPS (diluted) | $-4.24 | $-162.78 | $-76.42 | $-3412.09 | $-51.18 | $-1.01 |
| Shares out. | 5.5M | 9.9M | 17.2M | 35,709 | 152.5M | 5.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −190.4%
- Net margin
- −305.7%
- Return on equity
- −387.6%
- Return on assets
- −84.6%
- Return on capital (ROCE)
- −127.3%
- Liabilities / assets
- 62.5%
- Debt / equity
- 2.86×
- Book value / share
- $3.20
- Revenue growth (YoY)
- 602.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -9.35distress
- Accruals / assets
- −39.6%clean
- Beneish M-Score
- 3.40elevated
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Pomeroy ScottActivist (13D)May 15, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Empery Asset Management, LpPassive (13G)Oct 21, 2025
- Streeterville Capital LlcPassive (13G)Apr 3, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 4.6M | 3.2 | -13.3% |
| Apr 30, 2026 | 5.3M | 3.7 | -6.4% |
| Apr 15, 2026 | 5.6M | 3.8 | +15.4% |
| Mar 31, 2026 | 4.9M | 2.4 | -24.3% |
| Mar 13, 2026 | 6.5M | 1.5 | -13.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Results of operationsApr 15, 2026
- Other material eventMar 16, 2026
- Entered a material agreement · New financial obligation · Modified shareholder rights · Regulation FD disclosureFeb 17, 2026
- Regulation FD disclosureFeb 5, 2026
- Entered a material agreement · Completed an acquisition or disposition · Director / officer change · Regulation FD disclosureFeb 4, 2026
- Other material eventJan 14, 2026
- Unregistered equity sale · Director / officer changeJan 9, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13DMay 15, 2026
- 10-QQUARTERLY REPORTMay 14, 2026
- 8-KCURRENT REPORTMay 14, 2026
- SCHEDULE 13GApr 30, 2026
- 8-KCURRENT REPORTApr 15, 2026
- 10-KANNUAL REPORTApr 15, 2026
- NT 10-KNOTIFICATION OF LATE FILINGMar 31, 2026
- 8-KCURRENT REPORTMar 16, 2026
- 4Mar 2, 2026
- 8-KCURRENT REPORTFeb 17, 2026
- 3Feb 11, 2026
- 8-K/AAMENDMENT NO. 1 TO FORM 8-KFeb 9, 2026
- 8-KCURRENT REPORTFeb 5, 2026
- 8-KCURRENT REPORTFeb 4, 2026
- UPLOADJan 27, 2026
Event-driven situations (1)
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