Intuitive Machines Inc (NASDAQ:LUNR) reported second-quarter financial results before the market open on Thursday. Here’s a look at the key details from the quarter.
Q2 Results: Intuitive Machines reported second-quarter revenue of $50.31 million, missing analyst estimates of $67.07 million, according to Benzinga Pro. Total revenue was up 21% year-over-year, driven by growth across key programs.
The company announced that it signed a purchase agreement to acquire space navigation and flight dynamics software company KinetX. Intuitive Machines noted that it ended the quarter debt-free with $345 million in cash.
“We will continue to remain opportunistic on further strategic M&A, while also evaluating internal investments to accelerate growth and drive long-term shareholder value,” said Steve Altemus, CEO of Intuitive Machines.
“We have a detailed and robust pipeline of both tuck-in and transformative M&A opportunities and intend to remain aggressive in the marketplace, particularly in data services and National Security Space markets.”
Outlook: Intuitive Machines narrowed its full-year 2025 guidance. The company previously guided for full-year revenue in the range of $250 million to $300 million, but said Thursday that its full-year revenue is now projected to be near the low-end of that range, with additional opportunities in the latter part of the year that supports revenue near the midpoint of $275 million.
Intuitive Machines said it continues to expect positive adjusted EBITDA in 2026.
LUNR Price Action: Intuitive Machines shares were down 4.86% at $9.99 at the time of publication Thursday, according to Benzinga Pro.
Read Next:
Photo: courtesy of Intuitive Machines.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.