XTI Aerospace, Inc. (Nasdaq: XTIA) announced preliminary unaudited financial results for the third quarter ended September 30, 2026. The company reported revenue of $35.3 million for the period, which management noted is in line with its previously provided 2026 revenue outlook of $125 million to $130 million.
The company attributes the growth to continued demand for enterprise drone solutions and expanded product offerings across sectors including public safety, government, energy, infrastructure, agriculture, and commercial markets. The filing indicates that third quarter revenue saw an approximately 9% sequential increase compared to the second quarter of 2026.
XTI Aerospace highlighted that this revenue growth was accompanied by reductions in corporate overhead and lower cash burn during the third quarter. The company stated it is working to address near-term liquidity needs, specifically regarding the restructuring of acquisition-related notes.
The company cautions that the preliminary figures are subject to completion of financial closing procedures and review by its independent registered public accounting firm. Actual results may differ materially from these estimates. XTI Aerospace also noted that it faces substantial doubt regarding its ability to continue as a going concern and is actively working to obtain a waiver of cross-defaults under its asset-based credit facility.
