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MARKETS / NASDAQ / LUNR
NASDAQ · SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS · SMALL CAP

Intuitive Machines, Inc. LUNR

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$207.1M
▼ 9.2% YoY
$-83.3M
$-56.0M
In brief

What this company does

Intuitive Machines, Inc. builds spacecraft, connects space-based networks, and operates infrastructure as-a-service supporting operations across low Earth orbit (LEO), geostationary orbit (GEO), cislunar space and deep space. As of December 31, 2025, the company had 525 employees throughout its operations, including employees added through its acquisition of KinetX on October 1, 2025. Its operations span multiple U.S. locations, including a lunar operations and production center in Houston, Texas, a mechanisms and robotics facility in Glen Burnie, Maryland, and engineering and data science offices in Phoenix, Arizona, among others. Its operating model is organized around three integrated capabilities: Build, which designs, manufactures and delivers spacecraft, landers, satellites, surface systems, propulsion and avionics for government and commercial customers; Connect, which integrates deployed assets into communications, navigation, command-and-control and data-relay networks; and Operate, which provides mission operations, hosted payload services, data services, and navigation and timing capabilities, among other infrastructure-based offerings. Intuitive Machines, Inc. is a space infrastructure and services company founded in 2013. Following a business combination agreement entered on September 16, 2022 between Inflection Point Acquisition Corp. and Intuitive Machines, LLC, Inflection Point Acquisition Corp. domesticated into a Delaware corporation on February 10, 2023 and changed its name to Intuitive Machines, Inc., becoming a holding company whose principal assets are the Intuitive Machines, LLC common units.

Written from the business description in Intuitive Machines, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 207.1M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 207.1 · Net income -83.3
80M160M-100M-200M2022202320242025
Compound annual growth
+34.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−52 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -42.1% · Net -51.6%
-50%-100%-150%2022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
USD 20.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -56.0
-40M2022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 20.7
-80M-160M2022202320242025

USD 20.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 757.2M
EquityUSD -755.0M
CashUSD 582.6M
Gross debtUSD 335.3M
Net debtUSD -247.3M
Current ratio4.96×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.20.20.10.1
Operating income $B−0.1−0.1−0.1−0.0
EBITDA $B−0.1−0.1−0.1−0.0
Income tax $B0.00.00.0−0.0
Net income $B−0.1−0.30.1−0.0
Free cash flow $B−0.1−0.1−0.1−0.0
EPS, diluted $−0.73−4.632.42·
Dividend / sh $····
Payout %·−013−0
ROE %····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 15 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 78 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySearch, Detection, Navigation, Guidance, Aeronautical Sys
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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