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Intuitive Machines, Inc.

Intuitive Machines, Inc.

NASDAQ•LUNR
CEO: Dr. Kamal Ghaffarian
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2021-11-17
Intuitive Machines, Inc. designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal. It also provides lunar data services, comprising Lunar data network, lunar south pole and far-side coverage, lunar positioning services, data relay, and data storage/caching. In addition, the company offers propulsion systems and navigation systems; engineering services contracts; lunar mobility vehicles, such as rovers and drones; power infrastructure that includes fission surface power; and human habitation systems. It serves its products to the U.S. government, commercial, and international customers. Intuitive Machines, Inc. was founded in 2013 and is headquartered in Houston, Texas.
Contact Information
13467 Columbia Shuttle Street, Houston, TX, 77059, United States
281-520-3703
www.intuitivemachines.com
Market Cap
$1.87B
P/E (TTM)
-4.2
104.8
Dividend Yield
--
52W High
$24.95
52W Low
$6.14
52W Range
18%
4.2
F-Score
Modified Piotroski Analysis
Based on 5-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2024

Financial Dashboard

Q3 2025 Data

Revenue

$52.44M-10.33%
4-Quarter Trend

EPS

-$0.06-91.30%
4-Quarter Trend

FCF

-$18.99M-1.67%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Net Loss Significantly Reduced Net loss improved 63.3% to (37.2M USD) for six months, compared to (101.4M USD) loss in prior period.
Strong Cash and Liquidity Cash and equivalents reached 344.9M USD; working capital increased to 289.5M USD, sufficient for short-term needs.
Warrant Exercises Boost Cash Financing activities provided 151.3M USD cash, driven by 176.6M USD proceeds from warrant exercises during six months.
Operating Cash Flow Positive Operating activities provided 156K USD net cash, a major turnaround from 37.7M USD cash used in the prior six months.

Risk Factors

Contract Backlog Decreased Backlog decreased 71.4M USD to 256.9M USD, primarily due to performance on existing contracts and IM-2 close-out adjustments.
Operating Loss Widens Operating loss increased to (38.7M USD) for six months, driven by higher total operating expenses compared to 2024 period.
Lunar Mission Contract Losses IM-3 mission contract loss increased 18.5M USD; IM-4 mission became a loss contract, incurring 2.7M USD loss.
Loss of EGC Status Losing EGC status requires compliance with increased disclosure and auditor attestation requirements, increasing legal and accounting costs.

Outlook

Acquire KinetX for Navigation Agreed to acquire KinetX for 30.0M USD to reinforce flight dynamics and navigation business line, closing by October 1, 2025.
Lunar Center Expansion Investment Investing 12.0M USD to expand Lunar Production and Operations Center for scaling lunar lander assembly and Earth-reentry systems.
Secured Revolving Credit Facility Entered 40.0M USD secured revolving credit facility with Stifel Bank to fund growth initiatives and working capital needs.
Orbital Transfer Vehicle Contract Awarded 9.8M USD government contract for Phase Two Orbital Transfer Vehicle design, positioning for in-space logistics market by 2026.

Peer Comparison

Revenue (TTM)

AAR Corp.AIR
$2.86B
+17.6%
FTAI Aviation Ltd.FTAI
$2.35B
+50.4%
McGrath RentCorpMGRC
$931.22M
+4.8%

Gross Margin (Latest Quarter)

AMMO, Inc.POWW
87.1%
+64.1 pp
McGrath RentCorpMGRC
46.5%
+0.0 pp
FTAI Aviation Ltd.FTAI
31.4%
-9.2 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FTAI$16.24B33.3370.3%81.3%
AIR$2.92B101.12.4%37.5%
MGRC$2.50B17.212.6%23.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.6%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $52.44M-10.3%
    |
    EPS: $-0.06-91.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $50.31M+21.5%
    |
    EPS: $-0.24-172.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 13, 2025|
    Revenue: $62.52M-14.4%
    |
    EPS: $-0.11-95.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 25, 2025|
    Revenue: $228.00M+186.7%
    |
    EPS: $-4.63-235.0%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 15, 2024|
    Revenue: $58.48M+359.3%
    |
    EPS: $-0.69-136.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 13, 2024|
    Revenue: $41.41M+130.1%
    |
    EPS: $0.33-82.1%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $73.07M+300.7%
    |
    EPS: $-2.70+321.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 25, 2024|
    Revenue: $79.52M-7.5%
    |
    EPS: $3.43+6658.3%
    Beat