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Nasdaq · Industrials

Intuitive Machines, Inc. (LUNR)

As-reported financials and SEC filings for Intuitive Machines, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Intuitive Machines, Inc.

Intuitive Machines, Inc. is a space infrastructure and services company that designs, manufactures, and operates spacecraft, satellites, and related systems for government and commercial customers. The company focuses on supporting sustained human activity beyond Earth, particularly in lunar and cislunar space, by providing spacecraft delivery, network connectivity, and long-term operations. Its customers include NASA, U.S. national security agencies, commercial companies, and international space organizations.

Snapshot

Revenue
$207.1M
Revenue growth (YoY)
-9.2%
Net income
$-83.3M
Diluted EPS
$-0.73
Gross margin
Operating margin
-42.1%
Net margin
-40.2%
FCF margin
-27.0%
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$2.36B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Intuitive Machines

  • Revenue fell 9.2% to $207M in FY2025, slower than the 186.6% the year before.
  • Most recent quarter Q2 FY2026: revenue $203M, up 304.3% from Q2 FY2025.
  • Free cash flow was negative $56M in FY2025.
  • Net loss narrowed to $83M in FY2025, from $283M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Intuitive Machines’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-42.1%
4th percentile of 605
Net margin-40.2%
4th percentile of 645
FCF margin-27.0%
5th percentile of 562
Revenue growth (YoY)-9.2%
15th percentile of 668
Short interest2.86d
41st percentile of 676

Intuitive Machines’s operating margin of -42.1% ranks in the 4th percentile of the 605 Industrials companies reporting it. Intuitive Machines’s net margin of -40.2% ranks in the 4th percentile of the 645 Industrials companies reporting it. Intuitive Machines’s FCF margin of -27.0% ranks in the 5th percentile of the 562 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 16 insider sales totaling $167.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$466.4M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$123.0M5.8MAdded
D. E. ShawquantQ2 2026$106.7M5.0MReduced
Renaissance TechnologiesquantQ2 2026$79.6M3.7MAdded
ARK Investment ManagementQ2 2026$57.7M2.7MAdded
Gotham Asset ManagementQ2 2026$43.2M2.0MHeld
Millennium ManagementquantQ2 2026$30.3M1.4MReduced
Point72 Asset ManagementquantQ2 2026$14.0M656.0KReduced
Citadel AdvisorsquantQ2 2026$10.1M473.8KReduced
AQR Capital ManagementquantQ2 2026$1.6M76.3KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
16
$167.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Vontur StevenSee RemarksSell3.0K$16.13$49K
2026-08-24
filed 2026-08-26
Ghaffarian Kamal SeyedDirectorSell139.8K$16.86$2.4M
2026-08-24
filed 2026-08-26
Ghaffarian Kamal SeyedDirectorSell2.1K$17.68$38K
2026-08-10
filed 2026-08-12
Ghaffarian Kamal SeyedDirectorSell248.8K$16.13$4.0M
2026-08-10
filed 2026-08-12
Ghaffarian Kamal SeyedDirectorSell18.7K$16.68$311K
2026-07-28
filed 2026-07-29
ADVENT INTERNATIONAL, L.P.10% ownerSell11.5M$12.84$147.6M
2026-07-27
filed 2026-07-29
Ghaffarian Kamal SeyedDirectorSell47.3K$13.20$624K
2026-07-13
filed 2026-07-15
Ghaffarian Kamal SeyedDirectorSell111.0K$15.64$1.7M
2026-06-29
filed 2026-07-01
Ghaffarian Kamal SeyedDirectorSell94.9K$20.24$1.9M
2026-06-29
filed 2026-07-01
Ghaffarian Kamal SeyedDirectorSell47.0K$20.80$978K
2026-06-18
filed 2026-06-22
Crain Timothy Price IISVP & Chief Technology OfficerSell135.4K$21.81$3.0M
2026-06-18
filed 2026-06-22
Crain Timothy Price IISVP & Chief Technology OfficerSell14.6K$22.39$327K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
35.5M
settled 2026-08-14
Change vs prior
-0.2%
vs previous settlement
Days to cover
2.86
at avg daily volume
Avg daily volume
12.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1435.5M-0.2%2.86
2026-07-3135.6M-5.8%4.12
2026-07-1537.8M+11.0%3.83
2026-06-3034.0M-10.1%2.63
2026-06-1537.8M+8.8%2.66
2026-05-2934.8M+13.8%1.64
2026-05-1530.6M+9.1%2.41
2026-04-3028.0M-10.5%2.24

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$207.1M$228.0M$79.6M$85.9M
Gross profit
Operating income$-87.2M$-57.4M$-61.1M$-5.5M$-491,341
Net income$-83.3M$-283.4M$61.8M$-190,408$-315,511
Diluted EPS$-0.73$-4.63$2.42

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-14.3M$-57.6M$-45.3M$784,000$-1.2M
Capital expenditure$41.6M$10.1M$29.9M$16.4M
Free cash flow$-56.0M$-67.7M$-75.2M$-15.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$203.4M304.3%$-46.4M$-0.29
Q1 FY2026$183.6M193.7%$-37.4M$-0.25
Q4 FY2025$43.3M-20.8%$-39.9M$-0.33
Q3 FY2025$51.0M-12.8%$-6.8M$-0.06
Q2 FY2025$50.3M20.8%$-25.2M$-0.22
Q1 FY2025$62.5M-14.6%$-11.4M$-0.11
Q4 FY2024$54.7M78.7%$-149.2M$-1.73
Q3 FY2024$58.5M359.3%$-55.4M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industrySearch, Detection, Navigation, Guidance, Aeronautical Sys
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1844452

Selected SEC filings

10-Q2026-08-13
View on EDGAR →
10-Q2026-05-15
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-06-03
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.