Intuitive Machines, Inc. (LUNR) Financial Statements (2026 and earlier)

Company Profile

Business Address 13467 COLUMBIA SHUTTLE STREET
HOUSTON, TX 77059
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments582,606207,6074,49815360
Cash and cash equivalent582,606207,6074,49815360
Restricted cash and investments2,7332,04262  
Receivables15,09344,75916,881  
Inventory, net of allowances, customer advances and progress billings     
Inventory     
Prepaid expense   336476
Contract with customer, asset, after allowance for credit loss12,23634,5926,489  
Other undisclosed current assets6,1464,1613,681  
Total current assets:618,814293,16131,611351835
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9411495  
Operating lease, right-of-use asset36,75538,76535,853  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization68,55023,36418,349  
Intangible asset, including goodwill, after accumulated amortization31,665    
Goodwill18,697    
Intangible asset, excluding goodwill, after accumulated amortization12,968    
Prepaid expense     326
Asset, held-in-trust    334,590329,756
Other undisclosed noncurrent assets1,276    
Total noncurrent assets:138,34062,24354,297334,590330,082
TOTAL ASSETS:757,154355,40485,908334,940330,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     
Accrued liabilities     
Deferred revenue57,36865,18445,511  
Debt48378,025  
Other liabilities33,02811,4894,747625 
Due to related parties✕✕✕✕1121
Other undisclosed current liabilities34,38822,12125,0973,696218
Total current liabilities:124,83298,83183,3804,433219
Noncurrent Liabilities
Long-term debt and lease obligation335,3556367  
Long-term debt, excluding current maturities335,335    
Finance lease, liability206367  
Liabilities, other than long-term debt32,87149,65530,554 11,541
Deferred revenue6,34114,334  11,541
Liability, pension and other postretirement and postemployment benefits     
Other liabilities240624  
Operating lease, liability26,29035,25930,550  
Other undisclosed noncurrent liabilities60,394202,93425,326  
Total noncurrent liabilities:428,620252,65255,947 11,541
Total liabilities:553,452351,483139,3274,43311,761
Temporary equity, including noncontrolling interest958,1491,011,955209,863320,720315,880
Equity
Equity, attributable to parent, including:(754,964)(1,009,262)(263,282)9,7873,276
Common stock    00
Treasury stock, value(33,525)(12,825)(12,825)  
Additional paid in capital    10,2923,591
Accumulated deficit(721,457)(996,453)(250,466)(506)(316)
Other undisclosed equity, attributable to parent1816911
Equity, attributable to noncontrolling interest5171,228   
Total equity:(754,447)(1,008,034)(263,282)9,7873,276
TOTAL LIABILITIES AND EQUITY:757,154355,40485,908334,940330,917

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues210,059228,00079,521  
Cost of revenue(160,635)(212,950)(101,848)  
Cost of product and service sold   (100,472)  
Gross profit:49,42415,050(22,327)  
Operating expenses(136,655)(72,446)(33,910)(5,024)(491)
Operating loss:(87,231)(57,396)(56,237)(5,024)(491)
Nonoperating income (expense)(15,653)(289,489)71,2994,8346
Investment income, nonoperating15,272  4,8346
Interest and debt expense(4,177)    
Income (loss) from continuing operations before equity method investments, income taxes:(107,061)(346,885)15,062(190)(486)
Other undisclosed income from continuing operations before income taxes4,177    
Income (loss) from continuing operations before income taxes:(102,884)(346,885)15,062(190)(486)
Income tax expense(3,962)(37)(40)  
Income (loss) from continuing operations:(106,846)(346,922)15,022(190)(486)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(486)
Other undisclosed net income     170
Net income (loss):(106,846)(346,922)15,022(190)(316)
Net income attributable to noncontrolling interest23,55263,50942,031  
Other undisclosed net income attributable to parent   5,751  
Net income (loss) attributable to parent:(83,294)(283,413)62,804(190)(316)
Preferred stock dividends and other adjustments(616)(896)(2,343)  
Net income (loss) available to common stockholders, diluted:(83,910)(284,309)60,461(190)(316)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(106,846)(346,922)15,022(190)(316)
Net income attributable to redeemable noncontrolling interest25,05967,004✕✕✕
Comprehensive income (loss):(106,846)(346,922)15,022(190)(316)
Comprehensive income, net of tax, attributable to noncontrolling interest   42,031  
Comprehensive income (loss), net of tax, attributable to parent:(106,846)(346,922)57,053(190)(316)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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