Xti Aerospace, Inc. (XTIA) intrinsic value & 10-year financials
Xti Aerospace, Inc. (XTIA) has a Graham intrinsic value of $35.63 per share. At $0.80 on Oct 17, 2026, the stock trades 98% below that value. Over the last 10 fiscal years revenue shrank 9.1% a year to $22.5M, with an average return on invested capital of -975.1%.
- Graham intrinsic value
- $35.63
- Share price (Oct 17, 2026)
- $0.80
- Price vs Graham value
- 98% below
- Market cap
- $13.1M
- Revenue (FY2025)
- $22.5M
- Revenue growth (10-yr CAGR)
- -9.1%
- ROIC (10-yr avg)
- -975.1%
- Free cash flow (FY2025)
- -$36.8M
XTIA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.5M | -$68.8M | -$4.24 | -$36.8M | -190.4% | -495.8% |
| FY2024 | $3.2M | -$35.6M | -$2.26 | -$22.4M | -1154.9% | -224.6% |
| FY2023 | $4.6M | -$45.9M | -$1.06 | -$29.4M | -590.3% | -99.9% |
| FY2022 | $19.4M | -$63.4M | -$0.47 | -$34.2M | -292.0% | -187.9% |
| FY2021 | $16.0M | -$69.2M | -$0.01 | -$37.5M | -454.0% | -211.1% |
| FY2020 | $9.3M | -$29.2M | -$0.01 | -$21.6M | -255.9% | -110.7% |
| FY2019 | $6.3M | -$34.0M | — | -$10.8M | -330.3% | -235.6% |
| FY2018 | $1.1M | -$24.6M | — | -$26.9M | -1621.3% | 947.8% |
| FY2017 | $535.0K | -$35.0M | — | $2.2M | -5511.2% | -8962.0% |
| FY2016 | $53.2M | -$27.1M | — | -$3.3M | -44.6% | -171.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
XTI Aerospace, Inc. is facing top-line stagnation, with revenue contracting over the decade.
XTI Aerospace, Inc. has historically struggled to out-earn its cost of capital, averaging just -30.6% ROIC.
XTI Aerospace, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, XTI Aerospace, Inc. is modeled at -9.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $35.63 per share.