Xti Aerospace, Inc. · NASDAQ:XTIA
Xti Aerospace — Q4 2025 Earnings Presentation
32 slides from Xti Aerospace's earnings presentation, Apr 15, 2026
Slide 1: Fourth Quarter & Full Year 2025 Earnings Presentation
Fourth Quarter & Full Year 2025 EARNINGS PRESENTATION Check out the XTI Aerospace Website
Slide 2: Disclaimer
Disclaimer This presentation is made solely for information purposes and no representation or warranty, express or implied, is made by XTI Aerospace, Inc. (“XTI,” “we,” “us,” “our,” and, together with our subsidiaries, the “Company”) or any of its representatives as to the information contained in t
Slide 3: From Aerospace Capability To Drone Market Leadership
From Aerospace Capability To Drone Market Leadership Drone Revenue Today. Scalable Growth. Defense & Manufacturing Advantage WHY DRONES NOW • Regulatory shift toward U.S. based drone solutions • Fragmented Market • Defense demand is driving investment and accelerating enterprise adoption SCALED ENTE
Slide 4: Total Addressable Drone Market
Total Addressable Drone Market 175,000 Global Drones Market Size, 2025-2034 20% Drone Nerds is the leading U.S. commercial enterprise solutions 125,000 18% provider yet represents only 1.5% of the Global Drone Market 100,000 16% 75,000 14% 50,000 12% 25,000 10% $41.2B $47.5B $55.4B $65.1B $77.0B $91
Slide 5: Agenda
Agenda • Access • Control • Dominance • Financial Review • Closing Remarks • Q&A • Reg G Reconciliations
Slide 6: Leadership Teams
Leadership Teams Scott Pomeroy Brooke Turk Tobin Arthur Michael Tapp Chairman & CEO Chief Financial Officer Chief Strategy Officer Chief Operating Officer Jerry Nichols Jeremy Schneiderman Steve Zohrabian Dr. Alex Williams Acting CIO & CTO CEO Drone Nerds Executive Vice President Executive Vice Pres
Slide 7: Access, Control & Dominance
XT aerospace Access, Control & Dominance —___xti aerospace
Slide 8: Vertically Integrated Drone & Autonomy Platform
Vertically Integrated Drone & Autonomy Platform Mission: Develop and deploy advanced drone (VTOL and unmanned systems) across commercial, industrial, and defense markets with a focus on U.S.-based manufacturing and scalable autonomy XTI Aerospace (XTIA) ACCESS CONTROL DOMINANCE XTI Drones XTI Advanc
Slide 9: XTI Flywheel: Compounding Growth, Margins, and Moat
XTI Flywheel: Compounding Growth, Margins, and Moat Distribution → Manufacturing → Defense = Continuous Value Creation 1 ACCESS Distribution 2 FLYWHEEL EFFECT Distribution Drives Adoption + Data Scale DATA Drives product, Manufacturing Improves Margins + autonomy, and customer lock-in Product Veloci
Slide 10: ACCESS: National Drone Distribution Platform
ACCESS: National Drone Distribution Platform Building the largest U.S. channel for commercial drone adoption What We Do Multi-OEM drone distribution platform Vertical solutions Fleet management + data services Strategic Role Establishes market access + demand Builds customer relationships + data moa
Slide 11: ACCESS: Drone Nerds Key Performance Metrics
ACCESS: Drone Nerds Key Performance Metrics 2024 Drone Nerds 2025 Drone Nerds Total Unique Customers 2024 - 14,245 Total Unique Customers 2025 - 14,546 Key Customers Expanded Customers # of Units ~77,000 ~50,000 Hardware & Software Expanded OEMs OEM’s 2024 2025 Pro Forma Pro Forma Revenue Mix Revenu
Slide 12: ACCESS: Expansion Opportunities
ACCESS: Expansion Opportunities Solution Expansion Vertical & Channel Expansion Aftermarket Services Repair / Warranty / Spare Parts • Agriculture • Public Safety Financial Services Ve ion • Military / Defense rtic Financing, Insurance, Service Contracts pans • Government Operational Services al Exp
Slide 13: CONTROL: U.S.-Based Manufacturing
CONTROL: U.S.-Based Manufacturing The backbone of drone production and systems architecture What We Do Applications / Missions NDAA-compliant drone production PBC (Platform Core) architecture U.S.-sourced supply chain Core Capabilities PCB Core Platform Modular hardware + firmware Scalable manufactu
Slide 14: Introducing Dr. Alex Williams
Introducing Dr. Alex Williams Leading XTI Advanced Technology & Manufacturing (ATM) • Deep-tech operator with expertise in advanced manufacturing, commercialization, and scaling technology platforms across enterprise and government markets • Former EVP Strategy at Agilion Systems and CTO & Head of M
Slide 15: DOMINANCE: Defense & Autonomous Systems
DOMINANCE: Defense & Autonomous Systems Capturing high-value defense and dual-use autonomy markets at scale What We Do Capability Class 3–5 unmanned development Multi-domain autonomy Military VTOL variants + mission software Integrated Capabilities Design → Build → Test → Deploy Engineer Build Valid
Slide 16: Introducing Steve Zohrabian
Introducing Steve Zohrabian Leading XTI Autonomous Defense Systems (ADS) • Proven track record delivering complex, mission-critical programs, including aircraft modifications, ISR systems, and ITAR-controlled platforms • Leads regulatory engagement and certification strategy, building relationships
Slide 17: DOMINANCE: Autonomous Defense Systems (ADS) Program Pursuits
DOMINANCE: Autonomous Defense Systems (ADS) Program Pursuits R&D contracts convert into scaled production programs R&D PROD EST. UNIT PROD CONTRACT CUSTOMER 2026 QUANTITY COST 2027 TOTAL VALUE JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Marines, RA
Slide 18: DOMINANCE: Autonomous Defense Systems Proposal Pipeline
DOMINANCE: Autonomous Defense Systems (ADS) Proposal Pipeline Early Engagement Multi-Mission Product Development Programs Impact $147M Opportunity $1.5B Manufacturing Potential ~10x expansion as R&D awards convert into production contracts © 2026
Slide 19: Financial Review
XT aerospace Financial Review
Slide 20: XTI 2025 Financial Highlights
XTI 2025 Financial Highlights 2025 GAAP Reported Results 2025 Pro Forma Results Q4 2025 XTI Highlights Q4 2025 Pro Forma* $22.5m $4.9m 21.9% $41.7m $8.1m 19.5% Revenue Gross Profit Gross Profit Revenue Gross Profit Gross Profit Includes Drone Nerds acquisition in Nov. 2025, Includes Drone Nerds as i
Slide 21: XTIA Capitalization Table
Total Common Shares Outstanding 38,472,204 UMAC Pre-Funded Warrant Shares1 15,307,735 Class B Units (Restricted)2 6,524,576 Total Common Including PFW & Class B 60,304,515 XTIA Capitalization Table Warrant Shares @ $2.00 exercise price 19,608,892 As of April 9, 2026 Warrant Shares @ $16.37 weighted
Slide 22: FY2026 Financial Summary
FY2026 Financial Summary • 30%+ Revenue growth rate expected • Revenue per employee > $1.2M FY26 Revenue Plan $160M+
Slide 23: Closing Remarks
XT aerospace Closing Remarks
Slide 24: Closing Remarks: The Flywheel is Turning!
Closing Remarks • Commercial - XTI Drones is performing. Our commercial business, driven by Drone Nerds, is poised for growth • Manufacturing - We are entering manufacturing to address critical US supply chain gaps and safeguard against foreign drone bans • Defense Contracting - We are pursuing defe
Slide 25: Q&A
XT aerospace Q&A
Slide 26: Reg G Reconciliations
XT aerospace Reg G Reconciliations
Slide 27: Reconciliation of Pro Forma Information
Reconciliation of Pro Forma Information Unaudited Supplemental Combined Financial Information The Company has provided unaudited supplemental financial information of the combined company in its earnings press release. Such financial information combines XTI and Drone Nerds historical operating resu
Slide 28: Reconciliation of Pro Forma Information – 4Q FY2025
Reconciliation of Pro Forma Information – 4Q FY2025 For the Three Months Ended December 31, 2025 Drone Nerds Transaction Q4 2025 Pre-Acquisition Accounting Q4 2025 Pro ($ In thousands) GAAP Activity Adjustment Forma Revenues $ 22,490 $ 19,219 $ — $ 41,709 Cost of revenues 17,569 15,991 — 33,560 Gros
Slide 29: Reconciliation of Pro Forma Information – 4Q FY2024
Reconciliation of Pro Forma Information – 4Q FY2024 For the Three Months Ended December 31, 2024 Drone Nerds Transaction Q4 2024 Pre-Acquisition Accounting Q4 2024 Pro ($ In thousands) GAAP Activity Adjustment Forma Revenues $ — $ 26,832 $ — $ 26,832 Cost of revenues — 23,138 — 23,138 Gross profit —
Slide 30: Reconciliation of Pro Forma Information - FY2025
Reconciliation of Pro Forma Information - FY2025 For the Year Ended December 31, 2025 Drone Nerds Transaction 2025 Pre-Acquisition Accounting 2025 Pro ($ In thousands) GAAP Activity Adjustment Forma Revenues $ 22,490 $ 99,100 $ — $ 121,590 Cost of revenues 17,569 77,237 — 94,806 Gross profit 4,921 2
Slide 31: Reconciliation of Pro Forma Information - FY2024
Reconciliation of Pro Forma Information - FY2024 For the Year Ended December 31, 2024 Drone Nerds Transaction 2024 Pre-Acquisition Accounting 2024 Pro ($ In thousands) GAAP Activity Adjustment Forma Revenues $ — $ 111,201 $ — $ 111,201 Cost of revenues — 93,868 — 93,868 Gross profit — 17,333 — 17,33
Slide 32: Thank You
Thank You Check out the XTI Aerospace Website!