XTI Aerospace Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $35.3 million, up 46.1% year over year on pro forma basis
- ➤Adjusted EBITDA $1.6 million, improving from negative $4.9 million in Q2
- ➤2026 revenue guidance $125 million to $130 million reiterated
- ➤XTI discontinued its aircraft business and completed strategic focus on Drone Nerds
- ➤September 30 cash $5.7 million, with $11.9 million credit-facility availability
- ➤Q3 operating cash outflows fell 42% sequentially to approximately $1.1 million monthly
Expert Statements
Jeremy Schneiderman, Interim Chief Executive Officer of XTI Aerospace
“Our strategic pivot to focus on our Drone Nerds business is substantially complete”
Jeremy Schneiderman, Interim Chief Executive Officer of XTI Aerospace
“We have discontinued the operation of the XTI aircraft business, rightsized our corporate overhead and are focused on the significant opportunity in the commercial and enterprise drone market.”
Jeremy Schneiderman, Interim Chief Executive Officer of XTI Aerospace
“We are uniquely positioned to help our customers manage their drone programs from aircraft payloads, software, fleet management and training, to service and repair.”
Jeremy Schneiderman, Interim Chief Executive Officer of XTI Aerospace
“We have continued to strengthen our product offerings over the last several months, adding pressure washing, airport detection and first responder programs to our portfolio.”
Jeremy Schneiderman, Interim Chief Executive Officer of XTI Aerospace
“The growth opportunities we see across our portfolio combined with continued disciplined expense management is expected to lead to the transition to positive ongoing operating cash flows during the fourth quarter of 2026.”
FORT LAUDERDALE, Fla., Nov. 12, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its third quarter ended September 30, 2026, and reiterated its outlook for 2026.
2026 Third Quarter Highlights (Inpixon results excluded and reflected in discontinued operations):
Get started
Create a free account to read the full story.