# Intuitive Machines, Inc.: overview

LUNR · Nasdaq · CIK 1844452 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/lunr.md) · [Financials](/companies/lunr/financials.md) · [Filings](/companies/lunr/filings.md) · [Insiders](/companies/lunr/insiders.md)

Latest reported revenue: [$203.4m](/filings/0001628280-26-056821.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-056821).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [58.5](/filings/0001628280-25-052039.md) | [54.7 d](/filings/0001628280-26-019865.md) | [62.5](/filings/0001628280-26-035236.md) | [50.3](/filings/0001628280-26-056821.md) | [51.0](/filings/0001628280-25-052039.md) | [43.3 d](/filings/0001628280-26-019865.md) | [184](/filings/0001628280-26-035236.md) | [203](/filings/0001628280-26-056821.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(23.5%)](/filings/0001628280-25-052039.md) | [(24.5%) d](/filings/0001628280-26-019865.md) | [(16.1%)](/filings/0001628280-26-035236.md) | [(56.9%)](/filings/0001628280-26-056821.md) | [(30.2%)](/filings/0001628280-25-052039.md) | [(76.4%) d](/filings/0001628280-26-019865.md) | [(21.3%)](/filings/0001628280-26-035236.md) | [(23.2%)](/filings/0001628280-26-056821.md) |
| Net margin | % | [(94.7%)](/filings/0001628280-25-052039.md) | [(272.9%) d](/filings/0001628280-26-019865.md) | [(18.2%)](/filings/0001628280-26-035236.md) | [(50.0%)](/filings/0001628280-26-056821.md) | [(13.4%)](/filings/0001628280-25-052039.md) | [(92.1%) d](/filings/0001628280-26-019865.md) | [(20.4%)](/filings/0001628280-26-035236.md) | [(22.8%)](/filings/0001628280-26-056821.md) |
| Diluted EPS | $ per share | [(0.83)](/filings/0001628280-25-052039.md) | not reported | [(0.11)](/filings/0001628280-26-035236.md) | [(0.22)](/filings/0001628280-26-056821.md) | [(0.06)](/filings/0001628280-25-052039.md) | not reported | [(0.25)](/filings/0001628280-26-035236.md) | [(0.29)](/filings/0001628280-26-056821.md) |
| Free cash flow | $m | [(19.3) d](/filings/0001628280-25-052039.md) | [(6.9) d](/filings/0001628280-26-019865.md) | [13.3](/filings/0001628280-26-035236.md) | [(27.3) d](/filings/0001628280-26-056821.md) | [(19.0) d](/filings/0001628280-25-052039.md) | [(22.9) d](/filings/0001628280-26-019865.md) | [(64.6)](/filings/0001628280-26-035236.md) | [(81.2) d](/filings/0001628280-26-056821.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [85.9](/filings/0001844452-24-000036.md) | [79.6](/filings/0001844452-25-000023.md) | [228](/filings/0001628280-26-019865.md) | [207](/filings/0001628280-26-019865.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [(7.8%)](/filings/0001844452-24-000132.md) | [(76.8%)](/filings/0001844452-25-000023.md) | [(25.2%)](/filings/0001628280-26-019865.md) | [(42.1%)](/filings/0001628280-26-019865.md) |
| Net margin | % | [(0.2%)](/filings/0001213900-23-024857.md) | [77.6%](/filings/0001844452-25-000023.md) | [(124.3%)](/filings/0001628280-26-019865.md) | [(40.2%)](/filings/0001628280-26-019865.md) |
| Diluted EPS | $ per share | not reported | [2.42](/filings/0001844452-25-000023.md) | [(4.63)](/filings/0001628280-26-019865.md) | [(0.73)](/filings/0001628280-26-019865.md) |
| Free cash flow | $m | [(15.6)](/filings/0001844452-24-000036.md) | [(75.2)](/filings/0001844452-25-000023.md) | [(67.7)](/filings/0001628280-26-019865.md) | [(56.0)](/filings/0001628280-26-019865.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lunr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Advent International, L.P.](/funds/1034196.md) | 2026-06-30 | $491.8m | 22,991,028 |  | New +22,991,028 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $261.7m | 12,235,626 |  | Added +2,225,738 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $213.1m | 9,962,216 |  | Added +1,974,702 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $147.5m | 6,896,500 | Call | Added +1,588,200 |
| [Mirae Asset Global Investments Co., Ltd.](/funds/1569395.md) | 2026-06-30 | $145.9m | 6,822,991 |  | New +6,822,991 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $132.2m | 6,180,117 |  | Added +943,156 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $123.0m | 5,752,300 |  | Added +4,846,745 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $117.9m | 5,512,200 | Call | Reduced −1,776,300 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $106.7m | 4,988,251 |  | Reduced −1,174,560 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $85.9m | 4,016,660 |  | Added +3,095,183 |

## Recent filings

[All 549 filings](/companies/lunr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 17:09 ET | [8-K](/filings/0001628280-26-066926.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-066926 |
| 2026-08-13 | 17:09 ET | [10-Q](/filings/0001628280-26-056821.md) | Quarterly report, period 2026-06-30 | 0001628280-26-056821 |
| 2026-08-13 | 07:35 ET | [8-K](/filings/0001628280-26-056476.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-056476 |
| 2026-08-03 | 16:59 ET | [8-K](/filings/0001193125-26-330778.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-330778 |
| 2026-07-07 | 20:00 ET | [SCHEDULE 13D/A](/filings/0001213900-26-076122.md) | Ownership report, active investor, amended | 0001213900-26-076122 |
| 2026-07-01 | 21:15 ET | [SCHEDULE 13D/A](/filings/0001213900-26-074547.md) | Ownership report, active investor, amended | 0001213900-26-074547 |
| 2026-06-08 | 16:04 ET | [8-K](/filings/0001628280-26-041526.md) | 5.07 Shareholder vote results | 0001628280-26-041526 |
| 2026-06-03 | 06:01 ET | [8-K](/filings/0001193125-26-254475.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-254475 |
| 2026-05-15 | 17:39 ET | [10-Q](/filings/0001628280-26-035236.md) | Quarterly report, period 2026-03-31 | 0001628280-26-035236 |
| 2026-05-14 | 07:49 ET | [8-K](/filings/0001628280-26-034807.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-034807 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-019865.md), filed Mar 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/aefad93d-7734-4437-bca5-8f392be7ccdd)

## About the filer

- CIK: 1844452
- Tickers: LUNR
- Exchange: Nasdaq
- SIC code: 3812 Search, Detection, Navigation, Guidance, Aeronautical Sys
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:38 ET. No prices; not investment advice.