Intuitive Machines, Inc. LUNR

Technology SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical Sys Nasdaq

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.

Last close 14.81 2026-09-04
Market cap $2.40B estimated share count
52-week range 7.78 - 46.75

Valuation FY2025 figures against the last close

P/S11.6x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-0.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 -0.73-4.633.37-0.02
EPS, diluted -0.73-4.632.42
Shares, diluted (wtd. avg.) $115.4M$61.4M$25.6M$9.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 FY2025FY2024FY2023FY2022FY2021
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.

Others in SIC 3812

TickerCompanyMarket capP/ERevenue growth
NOC NORTHROP GRUMMAN CORP /DE/ $73.16B 17.7x 2.2%
GRMN GARMIN LTD $53.43B 32.3x 15.1%
LHX L3HARRIS TECHNOLOGIES, INC. /DE/ $47.75B 30.1x
TDY TELEDYNE TECHNOLOGIES INC $28.31B 32.3x 7.9%
DRS Leonardo DRS, Inc. $9.77B 35.5x 12.8%
NN NEXTNAV INC. $2.56B -19.3%
CODA Coda Octopus Group, Inc. $114.7M 27.5x 30.7%
MIND MIND TECHNOLOGY, INC $41.5M -12.6%