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Jun 30
XTI Aerospace Q4 2024 Earnings Report
XTI Aerospace reported a Q2 2025 net loss of $20.9 million, with minimal revenue, continuing investment in development activities.
Key Takeaways
XTI Aerospace posted a $20.9 million net loss in Q2 2025 with minimal revenue of $600,000. Cash position increased to $20 million following public offerings. R&D investment and impairment charges contributed to operating losses as the company continues development of the TriFan 600 aircraft.
Revenue for Q2 2025 was $600,000, primarily from Industrial IoT sales:contentReference[oaicite:0]{index=0}.
Net loss attributable to common stockholders was $20.9 million:contentReference[oaicite:1]{index=1}.
Cash and cash equivalents rose to $20.0 million from $4.1 million at year-end 2024:contentReference[oaicite:2]{index=2}.
The company recorded goodwill and intangible asset impairments totaling $4.15 million in Q2:contentReference[oaicite:3]{index=3}.
XTI Aerospace
XTI Aerospace
XTI Aerospace Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comGermany Revenue
CapyFin.comIntercompany Eliminations Revenue
CapyFin.com Forward Guidance
XTI Aerospace remains focused on advancing TriFan 600 development, including FAA certification, supplier integration, and prototype testing through the second half of 2025.
Positive Outlook
- Ended Q2 2025 with $20 million in cash, providing runway for development activities
- No debt outstanding as of June 30, 2025, following repayments in Q1
- Continued advancement in FAA engagement and supplier partnerships
- Increased stockholders’ equity to $12.4 million from $6.6 million at year-end
- Progress on TriFan 600 prototyping and simulation work
Challenges Ahead
- Revenue remains minimal and not aircraft-related
- Net loss of $20.9 million for Q2 2025 driven by R&D and G&A costs
- Goodwill and intangible impairments totaling $4.15 million
- Warrant liabilities of $14.6 million present balance sheet risk
- No clear timeline for TriFan 600 certification or revenue generation
Revenue & Expenses
Visualization of income flow from segment revenue to net income