Intuitive Machines Inc (NASDAQ:LUNR) reported financial results for the first quarter ahead of the market open on Tuesday. Here’s a look at the key details from the quarter.
Q1 Earnings: Intuitive Machines reported first-quarter revenue of $62.5 million, up 14% on a quarter-over-quarter basis. The company said it had a total backlog of approximately $272.34 million at quarter’s end after adding $6.5 million in new awards during the quarter.
Intuitive Machines expanded gross margin to 11% in the quarter and generated $19.4 million in operating cash and $13.3 million of free cash flow in the period. The company ended the period with $373.3 million in cash.
“The evolving federal landscape, including shifting NASA priorities, presents a clear opportunity for Intuitive Machines. We’re leveraging our track record to expand into adjacent markets like National Security Space and other non-lunar domains. This diversification builds on our core strengths and positions us as a broader infrastructure and data services provider across the space economy,” said Steve Altemus, CEO of Intuitive Machines.
See Also: AST SpaceMobile Sets $75 Million Target For 2025 As CFO Andrew Johnson Says ‘Revenue Is Ramping On Plan’ Amid Surging Demand For Direct-To-Device Satellite Connectivity
What’s Next: The company expects to recognize revenue from success payments for its IM-2 mission in the second quarter. The Intuitive Machines IM-2 was the company’s second mission under NASA’s Commercial Lunar Payload Services initiative. The company’s IM-3 mission remains on track for the first half of 2026.
Intuitive Machines affirmed its full-year 2025 revenue guidance of $250 million to $300 million versus estimates of $272.53 million, according to Benzinga Pro. The company also guided for positive run-rate adjusted EBITDA by the end of 2025 and positive adjusted EBITDA in 2026.
Intuitive Machines executives are discussing the quarter on a conference call with investors and analysts that started at 8:30 a.m. ET.
LUNR Price Action: Intuitive Machines shares were up 30.1% at $12.36 at the time of publication Tuesday, according to Benzinga Pro.
Read Next:
Photo: courtesy of Intuitive Machines.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。