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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenues $ 35,314 $ 0 $ 95,459 $ 0
Cost of Revenues 27,637 0 76,993 0
Gross Profit 7,677 0 18,466 0
Operating Expenses        
Research and development 163 1,449 1,937 3,953
Sales and marketing 1,810 2,071 6,148 3,280
General and administrative 10,321 9,857 33,922 20,127
Merger and acquisition transaction costs 134 458 224 458
Amortization of intangible assets 247 8 705 24
Total Operating Expenses 12,675 13,843 42,936 27,842
Operating Income (Loss), Total (4,998) (13,843) (24,470) (27,842)
Other Income (Expense)        
Interest expense, net (278) (1) (580) (219)
Loss on extinguishment of debt 0 0 0 (421)
Warrant issuance expense 0 (785) 0 (6,580)
Change in fair value of warrant liability 32,023 2,151 18,989 (3,280)
Other (72) 0 140 (349)
Total Other Income (Expense) 31,673 1,365 18,549 (10,849)
Income (Loss) from Continuing Operations Before Income Taxes 26,675 (12,478) (5,921) (38,691)
Income tax benefit 0 0 0 6
Net Income (Loss) from Continuing Operations, net of tax 26,675 (12,478) (5,921) (38,685)
Loss from operations of discontinued component, inclusive of tax (100) (968) (4,952) (8,491)
Net income (Loss) 26,575 (13,446) (10,873) (47,176)
Net income attributable to noncontrolling interest 573 0 1,149 0
Net Income (Loss) Attributable to XTI Aerospace, Inc. 26,002 (13,446) (12,022) (47,176)
Less: Preferred stock dividends 0 0 42 29
Net Income (Loss) Attributable to Common Stockholders $ 26,002 $ (13,446) $ (12,064) $ (47,205)
Net Income (Loss) Per Share – Basic:        
Net income (loss) per share – basic Continuing operations (in dollars per share) $ 0.68 $ (0.57) $ (0.19) $ (3.55)
Net income (loss) per share – basic Discontinued operations (in dollars per share) 0 (0.04) (0.13) (0.78)
Net income (loss) per share – basic (in dollars per share) 0.68 (0.61) (0.32) (4.33)
Net Income (Loss) Per Share – Diluted:        
Net income (loss) per share – diluted Continuing operations (in dollars per share) 0.19 (0.57) (0.19) (3.55)
Net income (loss) per share – diluted Discontinued operations (in dollars per share) 0 (0.04) (0.13) (0.78)
Net income (loss) per share – diluted (in dollars per share) $ 0.19 $ (0.61) $ (0.32) $ (4.33)
Weighted Average Shares Outstanding, Basic (in shares) 38,477,789 22,065,141 37,403,649 10,914,152
Weighted-average shares for diluted earnings per share (in shares) 60,322,244 22,065,141 37,403,649 10,914,152