XTI Aerospace, Inc. reported significant technical and strategic progress in the third quarter of 2025, focusing on the development of the TriFan 600 VTOL aircraft and advancing partnerships and market expansions.
The company closed an $18.5 million public offering to support ongoing engineering work and improved its balance sheet.
Financially, XTI Aerospace ended Q3 2025 with $32.2 million in cash and cash equivalents, showing substantial growth compared to the previous year.
TriFan 600 Development Milestones
Achieved key FAA technical reviews, completed successful subscale flight operations, selected Garmin G700 TXi for cockpit integration, and continued monthly FAA engagement for certification alignment.
Strategic and Market Expansion Initiatives
Collaborated with MagLev Aero for electric propulsion, added AI leader Charlie Burgoyne to the advisory board, partnered with IDEO for customer-centric design, and launched the XTI Founders Club.
Capital and Balance Sheet Enhancements
Closed an $18.5 million public offering, increased cash and cash equivalents to $32.2 million, improved working capital position, and grew stockholders' equity to $10.5 million.
- XTI Aerospace's strong technical progress and market expansion initiatives position the company for future growth and innovation in vertical flight technologies.
- The increase in cash reserves and stockholders' equity demonstrates improved financial stability and potential for continued development and certifications.
The third quarter of 2025 marked a significant period of advancement for XTI Aerospace, showcasing progress in technical development, market expansion, and financial strength. The company's dedication to the TriFan 600 and strategic partnerships solidify its position in the vertical flight technology sector.