Intuitive Machines Earnings Reports

Intuitive Machines posted $62.5 million in revenue for Q1 2025, achieving positive net income of $975,000 and a gross margin of 11%. The company also generated $13.3 million in free cash flow, and ended the quarter with over $373 million in cash. Operational progress included key milestones for NASA contracts and strategic positioning for future lunar and defense missions.

Intuitive Machines achieved $54.7 million in revenue for Q4 2024, representing a 79% year-over-year increase. The company ended the quarter with a record backlog of $328.3 million and $207.6 million in cash and cash equivalents. Despite revenue growth, the company reported a net loss of $149.2 million for the quarter and continues to focus on long-term profitability.

Intuitive Machines reported a significant increase in revenue for Q3 2024, driven by new contract awards and strong performance across its service pillars. The company's cash balance reached a record high, and backlog expanded due to key potential upcoming awards.

Intuitive Machines reported a strong second quarter with a 130% year-over-year increase in revenue, reaching $41.4 million. The company raised the low-end of its full-year 2024 revenue outlook to $210 - $240 million. They are now debt free and expect to have sufficient cash to fund operations for the next 12 months.

Intuitive Machines had a strong start to 2024, highlighted by the successful IM-1 mission and a full quarter of OMES III operations. Revenue reached $73.1 million, a 301% increase year-over-year, driven by OMES III and NASA CLPS contracts. The company ended the quarter with a cash balance of $55.2 million after disciplined cash management, with cash used from operations reduced by $12.2 million compared to the prior year.

Intuitive Machines reported Q4 2023 revenue of $30.6 million and an operating loss of $(5.9) million. The company ended the year with a contracted backlog of $268.6 million and a cash balance of $4.5 million, which increased to $54.6 million by March 1, 2024, due to warrant exercises.

Intuitive Machines reported $12.7 million in revenue for the third quarter of 2023, primarily driven by NASA CLPS initiative contracts. The company secured a $20 million equity investment and ended the quarter with a $40.7 million cash balance. The contracted backlog was $135.2 million at quarter-end.

Intuitive Machines reported second quarter 2023 financial results with a revenue of $18.0 million and an operating loss of $(13.2) million. The company is preparing for the launch of its first lunar mission and has a contracted backlog of $137.3 million.

Intuitive Machines reported first quarter 2023 revenue of $18.2 million, slightly lower than the $18.5 million reported in the first quarter of 2022. The company's operating loss was $(14.0) million, compared to $(4.5) million in the prior year period. The company ended the quarter with a cash balance of $46.8 million and a contracted backlog of $156.1 million.