XTI Aerospace, Inc. (Nasdaq: XTIA) announced its financial results for the second quarter ended June 30, 2026, in a Form 8-K filed on October 20, 2026. The company reported revenue of $32.4 million for the quarter, with gross profit of $5.6 million, representing a gross profit margin of approximately 17%. The company noted that demand for enterprise drone solutions continues to build across enterprise and government buyers.
XTI provided an updated financial outlook for the full year 2026. The company now expects full-year revenue to be between $125 million and $130 million. Additionally, the company projects full-year gross profit margins to range from 17% to 19%. The outlook assumes continued access to the company’s asset-based credit facility and no material changes in tariff policy.
Regarding liquidity, XTI reported $7.2 million of unrestricted cash and cash equivalents as of June 30, 2026, and $9.1 million of remaining availability on its credit facility. The company has taken steps to reduce corporate expenses, including reducing headcount and consolidating office space. On a preliminary basis, average monthly operating cash outflows for the company’s ADS and corporate operations were approximately $1.1 million during the third quarter, a decrease of 42% from the second quarter. As of September 30, 2026, the company had $5.1 million of unrestricted cash and cash equivalents on a preliminary basis.
The company also highlighted recent business developments, including the addition of the XREAL xbx a01+ AR glasses to Drone Nerds' product lineup and a partnership with DBOX to expand autonomous drone docking solutions. Furthermore, Dr. Allan Evans was appointed as Chairman of the Board, and Jeremy Schneiderman was appointed as Interim CEO.
