XTI Aerospace (XTIA) Company Report

XTI Aerospace projects over $160 million in revenue for FY2026, representing a 30%+ growth rate, following the November 2025 acquisition of Drone Nerds.
The company anticipates achieving positive monthly cash flow by the end of FY2026 and expects to end the year with $16 million in cash, with no capital raise anticipated for non-acquisition purposes.
Drone Nerds, which generated over $110 million in revenue in 2024, is positioned as the leading U.S. commercial enterprise solutions provider and is targeting expansion into military and federal government sales.
As of February 1, 2026, XTI Aerospace reported 99,000,270 total fully diluted shares outstanding.

1 day ago

Presentation

XTI Aerospace, Inc. Announces Drone Nerds Acquisition and FY2026 Financial Outlook

XTIA

M&A

Guidance Update

New Projects/Investments

XTI Aerospace, Inc. completed the acquisition of Drone Nerds in November 2025, a company that generated over $110 million in revenue in 2024.
The company projects FY2026 revenue of over $160 million, expecting a growth rate exceeding 30%.
XTI Aerospace anticipates achieving positive monthly cash flow by the end of FY2026 and does not expect a capital raise for non-acquisition purposes.
The strategic focus is on prioritizing near-term drone opportunities to scale its revenue model, with future optionality for VTOL technology.

1 day ago

8-K

XTI Aerospace Divests Inpixon RTLS Business

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M&A

New Projects/Investments

XTI Aerospace, Inc. completed the sale of its real-time location systems (RTLS) business, Inpixon GmbH, to EVO 467. GmbH, a German investor group.
The transaction was effective February 3, 2026, for EUR 4.64 million (approximately $5.48 million).
This divestiture is intended to sharpen XTI's strategic focus on its newly acquired Drone Nerds LLC platform for enterprise and government customers and the development of advanced vertical takeoff and landing (VTOL) aircraft.
The company states this move reduces its cost structure and supports its path to profitability in 2026.

1 day ago

Press Release

XTI Aerospace Completes Inpixon Business Disposition and Appoints New Director

XTIA

M&A

Board Change

Management Change

XTI Aerospace, Inc. completed the disposition of its Inpixon Business on February 3, 2026, selling it to EVO 467. GmbH for a purchase price of EUR 4,640,000 (approximately $5,475,000).
In connection with the disposition, Soumya Das resigned from his positions as a director and Chief Executive Officer of the Real-Time Location Systems division, effective January 29, 2026.
Mr. Das received a separation payment totaling $719,312.50 (excluding COBRA costs and pre-approved business expenses) and full vesting of his stock options.
Jonathan G. Ornstein was appointed as an independent director to the Board, effective February 1, 2026, filling the vacancy left by Mr. Das. He will chair the Nominating and Corporate Governance Committee and serve on the Audit and Compensation Committees.

2 days ago

8-K

XTI Aerospace to Host Investor Town Hall on Drone Nerds Acquisition and 2026 Growth Priorities

XTIA

M&A

New Projects/Investments

XTI Aerospace (Nasdaq: XTIA) will host an Investor Town Hall on February 5, 2026, at 4:30 PM EST, to discuss its strategic repositioning following the acquisition of Drone Nerds.
The Town Hall will outline strategic priorities for 2026 and discuss how the Drone Nerds acquisition provides revenue visibility and a foundation for long-term growth.
Key topics include Drone Nerds' unmanned aircraft system (UAS) capabilities, the impact of the recent Federal Communications Commission decision on foreign-made drones, and XTI's UAS growth roadmap for commercial, government, and defense applications.
XTI Aerospace acquired Drone Nerds, a premier provider of UAS solutions, services, and hardware, in November 2025.

Jan 22, 2026, 10:30 PM

Press Release

XTI Aerospace CEO Outlines 2026 Strategy After Drone Nerds Acquisition

XTIA

M&A

New Projects/Investments

Revenue Acceleration/Inflection

XTI Aerospace acquired Drone Nerds for approximately $40 million in November 2025, strategically transforming its focus to the U.S. domestic enterprise, government, and defense drone markets.
Drone Nerds generated revenues in excess of $100 million for 2024 and is expected to generate over $100 million in annual revenue with positive earnings and cash flow based on historical performance.
The company's market capitalization increased from less than $10.0 million on April 1, 2025, to nearly $65.0 million on January 16, 2026.
New FCC limits on foreign-made drones, effective December 22, 2025, are anticipated to drive continued growth for Drone Nerds, which has established sources for U.S.-made alternatives.
In 2026, XTI Aerospace is reducing spending on its historic aircraft program to the lowest practical level to strengthen its financial foundation with Drone Nerds.

Jan 20, 2026, 1:30 PM

Press Release

XTI Aerospace, Inc. Announces Drone Nerds Acquisition and Pro Forma Financials

XTIA

M&A

Convertible Preferred Issuance

New Projects/Investments

XTI Aerospace, Inc. acquired Drone Nerds, LLC and Anzu Robotics, LLC (collectively "Drone Nerds") on November 10, 2025.
The total purchase consideration for the acquisition was $40.0 million, consisting of $20.0 million in cash, $10.3 million in promissory notes, and $9.7 million in equity consideration.
The company also completed a $25.0 million private placement of Series 10 Convertible Preferred Stock with Unusual Machines, Inc. in November 2025, which subsequently converted into common stock and pre-funded warrants on January 5, 2026.
Unaudited pro forma condensed combined financial information is provided for the nine months ended September 30, 2025, and the year ended December 31, 2024, reflecting the acquisition.

Jan 14, 2026, 1:00 PM

8-K

XTI Aerospace, Inc. Enters New Employment Agreement with CSO and Issues Equity to Unusual Machines

XTIA

Executive Compensation

Convertible Preferred Issuance

Management Change

XTI Aerospace, Inc. entered into a new employment agreement with Tobin Arthur, the Company’s Chief Strategy Officer, effective January 5, 2026. The agreement includes an annualized base salary of $600,000, potential quarterly bonuses of up to 100% of his annualized base salary, and a $250,000 continuation bonus paid in six equal monthly installments.
On January 5, 2026, the company issued 1,721,980 shares of Common Stock and a pre-funded warrant to purchase 15,307,735 shares of Common Stock to Unusual Machines, Inc.. This issuance resulted from the automatic conversion of Series 10 Convertible Preferred Stock, which Unusual Machines, Inc. had purchased for $25,000,000 on November 12, 2025.
The pre-funded warrant is immediately exercisable with an exercise price of $0.0001 per share, which is deemed pre-paid as part of the initial subscription amount. It includes a beneficial ownership limitation, preventing the holder from owning more than 4.99% (or 9.99% at the holder's election) of the outstanding Common Stock immediately after exercise.

Jan 9, 2026, 10:10 PM

8-K

XTI Aerospace Positions for U.S. Commercial Drone Market Leadership Amid New FCC Action

XTIA

M&A

New Projects/Investments

XTI Aerospace, Inc. (Nasdaq: XTIA) is positioned to capitalize on new Federal Communications Commission (FCC) regulations that restrict future authorizations of certain foreign-made unmanned aircraft systems (UAS), creating a clear opportunity for U.S. drone companies.
This strategic market positioning is largely driven by XTI's acquisition of Drone Nerds in November 2025, which is identified as one of the leading enterprise UAS solutions providers in the United States.
Drone Nerds offers a differentiated full-stack solution that aligns with U.S. supply chain and compliance expectations, enabling customers to transition to compliant, high-performance systems.
Beyond its UAS business, XTI Aerospace also maintains a portfolio of advanced aviation and technology initiatives, including XTI Aircraft Company, which is developing the TriFan 600, and Inpixon, a provider of real-time location systems technology.

Dec 24, 2025, 12:05 AM

Press Release

XTI Aerospace Reports Q3 2025 Results and Business Update

XTIA

Earnings

New Projects/Investments

M&A

XTI Aerospace, Inc. reported its Third Quarter 2025 results and provided a business update on November 19, 2025.
The company closed an $18.5 million (net) public offering in September 2025, which bolstered liquidity to support engineering and certification activities.
Cash and cash equivalents increased to $32.2 million as of September 30, 2025, compared to $4.1 million at December 31, 2024, and stockholders' equity grew to $10.5 million as of September 30, 2025, up from $6.6 million at December 31, 2024.
Key TriFan 600 development milestones included completing multiple FAA technical familiarization reviews, advancing subscale aircraft development with initial flight operations for the Sparrow and Kestrel prototypes, and selecting the Garmin G700 TXi integrated flight deck.
Subsequent to quarter end, XTI Aerospace acquired Drone Nerds and secured a $25 million strategic investment from Unusual Machines (UMAC), broadening its strategic posture and expanding its near-term revenue mix.