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Dec 31, 2024
Intuitive Machines Q4 2024 Earnings Report
Intuitive Machines reported fourth quarter results showing significant revenue growth, a record backlog, and a strong cash position but with continued net losses.
Key Takeaways
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.
Achieved $54.7 million in Q4 revenue, up 79% year-over-year.
Reported record backlog of $328.3 million, the highest in company history.
Ended the year with $207.6 million in cash and cash equivalents.
Reported a net loss of $149.2 million for the fourth quarter.
Forward Guidance
Intuitive Machines provided a full-year 2025 revenue outlook of $250 to $300 million and expects to achieve positive run-rate Adjusted EBITDA by the end of 2025 with sustained profitability in 2026.
Positive Outlook
- Revenue guidance for 2025 of $250-$300 million.
- Expectations of positive run-rate Adjusted EBITDA by end of 2025.
- Ongoing diversification into new markets and customers.
- Expansion of technical capabilities with new contracts.
- Debt-free balance sheet positioning the company for future growth.
Challenges Ahead
- Continued net losses in the near term.
- High exposure to contract adjustments and fixed-price agreements.
- Volatility in fair value of warrants and earn-out liabilities.
- Operational expenses remain elevated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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