XTI Aerospace ( (XTIA) ) has released a notification of late filing.
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XTI Aerospace, Inc. has notified investors that it will delay filing its Annual Report on Form 10-K (Yearly Report) for the fiscal year ended December 31, 2025. The late filing notice was made through Form 12b-25 and relates specifically to the company’s yearly SEC report.
The company cites complex accounting work tied to major strategic moves as the main reason for the delay. In November 2025, XTI acquired Drone Nerds, LLC and Anzu Robotics, LLC, and in February 2026 it completed the sale of its legacy Inpixon real-time location systems business.
Management says it needs more time to finalize purchase price allocations for the acquisitions and to properly classify and present the Inpixon business as discontinued operations on a retrospective basis. Additional analysis of the related income tax effects is also required before the books can be closed.
XTI expects to file its Form 10-K (Yearly Report) within the standard 15-calendar-day extension allowed under SEC Rule 12b-25. That keeps the delay within a relatively short window and signals the company believes it can resolve the outstanding accounting items promptly.
The company has warned that its 2025 results will differ materially from the prior year, driven by the new unmanned aircraft systems revenue from Drone Nerds and Anzu Robotics and the removal of Inpixon results from continuing operations. Investors should also expect higher operating expenses from being public for a full year, integrating acquisitions, strategic transactions and continued TriFan 600 development.
XTI further anticipates increased non-operating expenses, including financing-related costs and fair value adjustments on financial instruments, which will weigh on net loss from continuing operations. Because the audit and financial statement preparation are still in progress, the company says it cannot yet provide a reliable quantitative estimate of full-year results.
The notification includes the usual cautionary language that these expectations are forward-looking statements subject to change, particularly regarding filing timing and financial outcomes. XTI states it has filed all other required periodic reports and continues working to complete the audit and reporting process in line with SEC rules.
The document is signed on behalf of XTI Aerospace, Inc. by Chief Financial Officer Brooke Turk, dated March 31, 2026. Her signature affirms that the company is formally seeking the filing extension and is actively addressing the remaining reporting and audit requirements.
The most recent analyst rating on (XTIA) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on XTI Aerospace stock, see the XTIA Stock Forecast page.
Spark’s Take on XTIA Stock
According to Spark, TipRanks’ AI Analyst, XTIA is a Neutral.
XTI Aerospace’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, negative profit margins, and cash flow challenges. The technical analysis further indicates weak momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively contribute to a low overall stock score.
To see Spark’s full report on XTIA stock, click here.
More about XTI Aerospace
Average Trading Volume: 2,615,372
Technical Sentiment Signal: Sell
Current Market Cap: $66.26M
See more data about XTIA stock on TipRanks’ Stock Analysis page.