Intuitive Machines Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Intuitive Machines Inc has an operating margin of -25.2%, meaning the company retains $-25 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -76.8% the prior year.
Intuitive Machines Inc's revenue surged 186.6% year-over-year to $228.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
With a current ratio of 2.97, Intuitive Machines Inc holds $2.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 99/100.
While Intuitive Machines Inc generated -$57.6M in operating cash flow, capex of $10.1M consumed most of it, leaving -$67.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Intuitive Machines Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Intuitive Machines Inc generates $0.20 in operating cash flow (-$57.6M OCF vs -$283.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Intuitive Machines Inc (LUNR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Intuitive Machines Inc generated $228.0M in revenue in fiscal year 2024. This represents an increase of 186.6% from the prior year.
Intuitive Machines Inc's EBITDA was -$55.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.0% from the prior year.
Intuitive Machines Inc generated -$67.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 10.0% from the prior year.
Intuitive Machines Inc reported -$283.4M in net income in fiscal year 2024. This represents a decrease of 558.9% from the prior year.
Intuitive Machines Inc earned $-4.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 291.3% from the prior year.
Intuitive Machines Inc held $207.6M in cash against $0 in long-term debt as of fiscal year 2024.
Intuitive Machines Inc's operating margin was -25.2% in fiscal year 2024, reflecting core business profitability. This is up 51.7 percentage points from the prior year.
Intuitive Machines Inc's net profit margin was -124.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 201.9 percentage points from the prior year.
Intuitive Machines Inc invested $10.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 66.2% from the prior year.
LUNR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.4M+4.2% | $50.3M-19.5% | $62.5M+14.4% | $54.7M+31.3% | $41.6M-43.1% | $73.2M+139.3% | $30.6M+140.3% | $12.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $57.1M-6.3% | $60.9M+109.3% | $29.1M+12.9% | $25.8M |
| Gross Profit | N/A | N/A | N/A | N/A | -$15.5M-225.6% | $12.3M+723.8% | $1.5M+111.5% | -$13.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $20.3M+26.3% | $16.0M-0.5% | $16.1M+19.2% | $13.5M+22.8% | $11.0M-32.7% | $16.4M+156.7% | $6.4M-35.6% | $9.9M |
| Operating Income | -$15.4M+46.2% | -$28.6M-184.2% | -$10.1M+24.8% | -$13.4M+51.3% | -$27.5M-891.0% | -$2.8M+63.0% | -$7.5M+68.8% | -$24.0M |
| Interest Expense | $1.3M | N/A | N/A | $13K | N/A | N/A | N/A | N/A |
| Income Tax | $5K | $0 | $0+100.0% | -$13K | $0 | $0+100.0% | -$252K-141.7% | $605K |
| Net Income | -$6.8M+72.8% | -$25.2M-121.0% | -$11.4M+92.4% | -$149.2M-899.1% | $18.7M+119.2% | -$97.5M-1256.8% | $8.4M-74.7% | $33.3M |
| EPS (Diluted) | $-0.06+72.7% | $-0.22-100.0% | $-0.11+92.3% | $-1.42-573.3% | $0.30+111.2% | $-2.68-1057.1% | $0.28-78.0% | $1.27 |
LUNR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $753.5M+58.4% | $475.6M-4.9% | $500.0M+40.7% | $355.4M+153.6% | $140.1M-17.9% | $170.8M+98.8% | $85.9M-16.6% | $103.0M |
| Current Assets | $666.0M+67.9% | $396.8M-8.0% | $431.3M+47.1% | $293.2M+252.7% | $83.1M-28.2% | $115.7M+266.1% | $31.6M-35.3% | $48.9M |
| Cash & Equivalents | $622.0M+80.3% | $344.9M-7.6% | $373.3M+79.8% | $207.6M+556.3% | $31.6M-42.7% | $55.2M+1128.1% | $4.5M-88.9% | $40.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $23.3M-36.2% | $36.6M+24.6% | $29.3M-34.4% | $44.8M+17.0% | $38.3M+8.6% | $35.2M+108.7% | $16.9M+588.2% | $2.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.2B+35.1% | $856.8M+34.5% | $636.9M-53.3% | $1.4B+263.8% | $375.1M-43.5% | $664.4M+91.3% | $347.3M-22.1% | $445.7M |
| Current Liabilities | $106.0M-1.2% | $107.3M+9.3% | $98.1M-0.7% | $98.8M+16.3% | $85.0M-18.9% | $104.8M+28.6% | $81.5M-16.5% | $97.7M |
| Long-Term Debt | $334.8M | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Total Equity | -$404.2M-6.0% | -$381.2M-178.4% | -$136.9M+86.4% | -$1.0B-329.4% | -$235.0M+52.4% | -$493.6M-88.8% | -$261.4M+23.7% | -$342.7M |
| Retained Earnings | -$370.7M-6.6% | -$347.7M-236.2% | -$103.4M+89.6% | -$996.5M-348.4% | -$222.2M+53.8% | -$480.8M-93.4% | -$248.6M+24.6% | -$329.9M |
LUNR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.2M+62.7% | -$19.3M-199.2% | $19.4M+1088.2% | -$2.0M+93.7% | -$31.3M-385.3% | -$6.4M+71.2% | -$22.3M-212.1% | -$7.2M |
| Capital Expenditures | $11.8M+46.6% | $8.1M+31.6% | $6.1M+24.3% | $4.9M+123.4% | $2.2M+38.9% | $1.6M-29.2% | $2.2M-70.0% | $7.5M |
| Free Cash Flow | -$19.0M+30.5% | -$27.3M-305.4% | $13.3M+293.0% | -$6.9M+79.4% | -$33.5M-316.7% | -$8.0M+67.3% | -$24.6M-68.1% | -$14.6M |
| Investing Cash Flow | -$11.8M-46.6% | -$8.1M-31.6% | -$6.1M-24.3% | -$4.9M-123.4% | -$2.2M-38.9% | -$1.6M+29.2% | -$2.2M+70.0% | -$7.5M |
| Financing Cash Flow | $296.1M+28705.2% | -$1.0M-100.7% | $152.3M+22.0% | $124.9M+1167.4% | $9.9M-83.8% | $60.8M+625.3% | -$11.6M-171.4% | $16.2M |
| Dividends Paid | N/A | N/A | N/A | $0 | N/A | N/A | $0-100.0% | $3.7M |
| Share Buybacks | $0 | $0-100.0% | $20.7M | $0 | $0 | $0 | N/A | N/A |
LUNR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | -37.1%-53.9pp | 16.8%+11.9pp | 4.9%+107.3pp | -102.4% |
| Operating Margin | -29.4%+27.5pp | -56.9%-40.8pp | -16.1%+8.4pp | -24.5%+41.5pp | -66.0%-62.2pp | -3.8%+20.7pp | -24.5%+164.1pp | -188.5% |
| Net Margin | -13.1%+37.0pp | -50.0%-31.8pp | -18.2%+254.7pp | -272.9%-317.8pp | 44.8%+178.0pp | -133.1%-160.7pp | 27.6%-234.0pp | 261.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.9%+4.4pp | -5.3%-3.0pp | -2.3%+39.7pp | -42.0%-55.3pp | 13.3%+70.4pp | -57.1%-66.9pp | 9.8%-22.5pp | 32.3% |
| Current Ratio | 6.28+2.6 | 3.70-0.7 | 4.39+1.4 | 2.97+2.0 | 0.98-0.1 | 1.10+0.7 | 0.39-0.1 | 0.50 |
| Debt-to-Equity | -0.83+1.4 | -2.25+2.4 | -4.65-4.7 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | -36.2%+18.1pp | -54.3%-75.6pp | 21.3%+33.9pp | -12.6%+67.8pp | -80.4%-69.4pp | -11.0%+69.4pp | -80.4%+34.5pp | -114.9% |
Note: Shareholder equity is negative (-$1.0B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Intuitive Machines Inc's annual revenue?
Intuitive Machines Inc (LUNR) reported $228.0M in total revenue for fiscal year 2024. This represents a 186.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Intuitive Machines Inc's revenue growing?
Intuitive Machines Inc (LUNR) revenue grew by 186.6% year-over-year, from $79.6M to $228.0M in fiscal year 2024.
Is Intuitive Machines Inc profitable?
No, Intuitive Machines Inc (LUNR) reported a net income of -$283.4M in fiscal year 2024, with a net profit margin of -124.3%.
What is Intuitive Machines Inc's earnings per share (EPS)?
Intuitive Machines Inc (LUNR) reported diluted earnings per share of $-4.63 for fiscal year 2024. This represents a -291.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Intuitive Machines Inc's EBITDA?
Intuitive Machines Inc (LUNR) had EBITDA of -$55.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Intuitive Machines Inc have?
As of fiscal year 2024, Intuitive Machines Inc (LUNR) had $207.6M in cash and equivalents against $0 in long-term debt.
What is Intuitive Machines Inc's operating margin?
Intuitive Machines Inc (LUNR) had an operating margin of -25.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Intuitive Machines Inc's net profit margin?
Intuitive Machines Inc (LUNR) had a net profit margin of -124.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Intuitive Machines Inc's free cash flow?
Intuitive Machines Inc (LUNR) generated -$67.7M in free cash flow during fiscal year 2024. This represents a 10.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Intuitive Machines Inc's operating cash flow?
Intuitive Machines Inc (LUNR) generated -$57.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Intuitive Machines Inc's total assets?
Intuitive Machines Inc (LUNR) had $355.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Intuitive Machines Inc's capital expenditures?
Intuitive Machines Inc (LUNR) invested $10.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Intuitive Machines Inc's current ratio?
Intuitive Machines Inc (LUNR) had a current ratio of 2.97 as of fiscal year 2024, which is generally considered healthy.
What is Intuitive Machines Inc's debt-to-equity ratio?
Intuitive Machines Inc (LUNR) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Intuitive Machines Inc's return on assets (ROA)?
Intuitive Machines Inc (LUNR) had a return on assets of -79.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Intuitive Machines Inc's cash runway?
Based on fiscal year 2024 data, Intuitive Machines Inc (LUNR) had $207.6M in cash against an annual operating cash burn of $57.6M. This gives an estimated cash runway of approximately 43 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Intuitive Machines Inc's debt-to-equity ratio negative or unusual?
Intuitive Machines Inc (LUNR) has negative shareholder equity of -$1.0B as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Intuitive Machines Inc's Piotroski F-Score?
Intuitive Machines Inc (LUNR) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Intuitive Machines Inc's earnings high quality?
Intuitive Machines Inc (LUNR) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Intuitive Machines Inc?
Intuitive Machines Inc (LUNR) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.