Intuitive Machines, Inc. LUNR
Intuitive Machines, Inc., collectively with its subsidiaries (the "Company," "IM," "Intuitive Machines," "we," "us" or "our") is a space infrastructure and services company founded in 2013 and focused on enabling sustained infrastructure and human activity beyond Earth. We believe the United States is transitioning from episodic space missions to long-duration operations and persistent presence, and we are building the systems and services required to support this evolution across civil, national security, and commercial markets.
We build spacecraft, connect space-based networks, and operate infrastructure as-a-service that support operations across low Earth orbit ("LEO"), geostationary orbit ("GEO"), cislunar space, and deep-space. Our strategy is to evolve space activity from single-mission execution toward continuously operating infrastructure by combining spacecraft delivery with network connectivity and long-term operations. We believe this approach positions us to support enduring government requirements while enabling the development of a commercial space economy.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $207.1M | $228.0M | $79.6M | $85.9M | — |
| SG&A | $92.6M | $53.3M | $34.3M | $14.9M | — |
| Total operating expenses | $297.3M | $285.4M | $140.7M | $91.5M | — |
| Operating income | -$87.2M | -$57.4M | -$61.1M | -$5.5M | -$491.3K |
| Interest expense | $4.2M | $92.0K | — | — | — |
| Pre-tax income | -$102.9M | -$346.9M | $10.2M | -$6.4M | — |
| Income tax | $4.0M | $37.0K | $40.0K | $23.0K | — |
| Net income | -$83.3M | -$283.4M | $61.8M | -$6.4M | -$315.5K |
| EPS, basic | -0.73 | -4.63 | 3.37 | — | -0.02 |
| EPS, diluted | -0.73 | -4.63 | 2.42 | — | — |
| Shares, diluted (wtd. avg.) | 115.4M | 61.4M | 25.6M | — | 9.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $582.6M | $207.6M | $4.6M | $25.8M | $29.4M |
| Receivables | $12.2M | $44.8M | $16.9M | $1.3M | — |
| Total current assets | $618.8M | $293.2M | $31.6M | $41.0M | $835.1K |
| Property, plant and equipment | $68.5M | $23.4M | $18.3M | $21.2M | — |
| Goodwill | $18.7M | $0 | — | — | — |
| Other intangibles | $13.0M | $0 | — | — | — |
| Total assets | $757.2M | $355.4M | $85.9M | $67.0M | $330.9M |
| Short-term debt | — | $0 | $8.0M | $16.1M | — |
| Total current liabilities | $124.8M | $98.8M | $81.5M | $95.2M | $219.5K |
| Long-term debt | $335.3M | $0 | $0 | $3.9M | — |
| Total liabilities | $553.5M | $351.5M | $137.5M | $124.6M | $11.8M |
| Retained earnings | -$721.5M | -$996.5M | -$248.6M | -$72.6M | -$315.5K |
| Total equity | -$755.0M | -$1.01B | -$261.4M | -$50.9M | -$51.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$14.3M | -$57.6M | -$45.3M | $784.0K | -$1.2M |
| Depreciation and amortisation | $3.6M | $1.9M | $1.4M | $1.1M | — |
| Stock-based compensation | $8.6M | $8.8M | $4.3M | $624.0K | — |
| Capital expenditure | $41.6M | $10.1M | $29.9M | $16.4M | — |
| Investing cash flow | -$56.6M | -$10.1M | -$29.9M | -$16.4M | -$329.8M |
| Financing cash flow | $446.6M | $272.8M | $53.9M | $12.1M | $331.3M |
| Dividends paid | — | $0 | $8.0M | $0 | — |
| Buybacks | $20.7M | $0 | $12.8M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-019865.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $85.9M | $79.6M | $228.0M | $207.1M |
| Gross profit | — | — | — | — | — |
| Net income | -$315.5K | -$6.4M | $61.8M | -$283.4M | -$83.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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