Inpixon stock (US45776L1026): Q1 revenue jumps to $27.7M on drone sales

XTI Aerospace, parent of former Inpixon operations, reports Q1 2026 revenue of $27.7 million, up sharply from $275K last year, with gross profit at $5.1M amid drone platform focus.

XTI Aerospace, which holds an 83.4% stake in XTI Drones Holdings stemming from Inpixon's prior structure, released first-quarter 2026 results on May 14, 2026. Revenue soared to $27.7 million from $275,000 a year earlier, fueled by unmanned aircraft systems (UAS) sales via the Drone Nerds platform, according to PR Newswire as of 05/14/2026. Gross profit reached $5.1 million at an 18.6% margin, while adjusted EBITDA loss narrowed to $4.9 million.

The company posted a net loss of $31.7 million from continuing operations, primarily due to a $21.4 million non-cash warrant liability adjustment, per the 8-K filing as of 05/14/2026. Management guides for at least $160 million in full-year 2026 revenue, highlighting restructuring and the February 2026 divestiture of Inpixon's RTLS business to sharpen drone focus.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Inpixon
• Sector/industry: Aerospace and drones
• Headquarters/country: United States
• Core markets: UAS platforms, commercial drones
• Key revenue drivers: Drone sales via Drone Nerds
• Home exchange/listing venue: Nasdaq (XTIA)
• Trading currency: USD

Inpixon: core business model

Inpixon's structure now centers on XTI Aerospace's controlling interest in XTI Drones Holdings, emphasizing commercial drone solutions after strategic shifts. The Drone Nerds acquisition bolsters UAS distribution, contributing to Q1 revenue growth, as detailed in the company's 10-Q filing as of 05/14/2026. This pivot targets scalable sales in the expanding drone market.

Main revenue and product drivers for Inpixon

UAS platform sales drove $27.7 million in Q1 2026 revenue for the period ended March 31, 2026, a stark rise from prior levels, per TradingView as of 05/14/2026. Gross profit of $5.1 million reflects initial margins of 18.6%, with pro forma figures showing $30.6 million revenue at 23.6% margin assuming earlier Drone Nerds integration, from the Q1 presentation on MarketScreener.

Key drivers include Drone Nerds' distribution network and divestitures streamlining operations toward high-growth drones, relevant for US investors tracking Nasdaq-listed aerospace plays amid rising UAS adoption in commercial sectors.

Industry trends and competitive position

The US drone market expands with demand for UAS in logistics, inspection, and agriculture, positioning Inpixon's offerings competitively. XTI's focus post-restructuring aligns with sector growth, as Q1 results demonstrate revenue scaling via established channels like Drone Nerds.

Conclusion

XTI Aerospace's Q1 2026 results highlight Inpixon-linked drone operations' revenue momentum at $27.7 million, with narrowed losses and a $160 million full-year guide signaling focus. Restructuring including RTLS divestiture supports this trajectory amid US market relevance. Investors monitor execution on guidance and margin expansion.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.