Intuitive Machines

Q3 2025 +10.30%Q2 2025 -4.28%Q1 2025 +22.42%Q4 2024 -0.22%Q3 2024 +5.70%Q2 2024 -3.49%Q1 2024 -14.03%Q4 2023 +14.11%Q3 2023 +6.67%Q2 2023 -17.08%Q1 2023 +7.24%Q1 2022 +0.10%Q4 2021 +0.31%

Mar 21, 2024

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Dec 31, 2023

Intuitive Machines Q4 2023 Earnings Report

Announced fourth quarter and full year 2023 financial results, highlighting a revenue of $30.6 million for the quarter and a contracted backlog of $268.6 million at quarter-end.

Key Takeaways

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.

Delivered NASA and commercial payloads to the moon, marking the United States’ first lunar landing in over 50 years.

Contracts for CLPS and OMES III, as well as key future Artemis campaign contracts NSNS and LTVS were fully funded.

Earned mission completion milestone payments from NASA and commercial customers of approximately $12.5 million.

Concluded 2023 with $268.6 million in backlog, nearly doubled in Q4 driven by OMES III task orders, an International Space Agency lunar payload, and the Department of Defense, Air Force Research Laboratory JETSON award.