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Intuitive Machines (LUNR) Financials

Intuitive Machines logo
$8.97 +0.33 (+3.82%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$9.02 +0.05 (+0.56%)
As of 08/22/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Intuitive Machines

Annual Income Statements for Intuitive Machines

This table shows Intuitive Machines' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
0.00 59 -284
Consolidated Net Income / (Loss)
-6.41 72 -630
Net Income / (Loss) Continuing Operations
-6.41 10 -347
Total Pre-Tax Income
-6.43 10 -347
Total Operating Income
-5.51 -61 -57
Total Gross Profit
10 80 2.77
Total Revenue
86 80 228
Operating Revenue
86 80 228
Total Cost of Revenue
76 0.00 225
Operating Cost of Revenue
76 - 225
Total Operating Expenses
16 141 60
Selling, General & Admin Expense
15 34 53
Depreciation Expense
1.07 1.38 1.86
Impairment Charge
0.00 0.96 5.04
Total Other Income / (Expense), net
-0.92 71 -289
Interest & Investment Income
-0.84 -0.82 0.18
Other Income / (Expense), net
-0.09 72 -290
Income Tax Expense
-0.02 0.04 0.04
Preferred Stock Dividends Declared
0.00 2.34 0.90
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 -45 -64
Basic Earnings per Share
$0.00 $3.37 ($4.63)
Weighted Average Basic Shares Outstanding
0.00 17.65M 61.41M
Diluted Earnings per Share
$0.00 $2.42 ($4.63)
Weighted Average Diluted Shares Outstanding
0.00 25.56M 61.41M
Weighted Average Basic & Diluted Shares Outstanding
84.17M 25.56M 178.32M

Quarterly Income Statements for Intuitive Machines

This table shows Intuitive Machines' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
0.00 23 -19 29 66 -16 -197 18 -56 -50
Consolidated Net Income / (Loss)
-12 12 -23 48 14 33 -121 34 -80 -464
Net Income / (Loss) Continuing Operations
-12 31 -23 19 14 0.50 -121 32 -80 -178
Total Pre-Tax Income
-12 12 -20 15 15 0.25 -121 16 -80 -162
Total Operating Income
-12 13 -14 -13 -24 -9.97 -5.40 -28 -14 -10
Total Gross Profit
10 18 -4.89 -4.49 -14 103 73 -16 4.12 -59
Total Revenue
10 56 18 18 13 31 73 41 58 55
Operating Revenue
10 - 18 18 13 31 73 41 58 55
Total Cost of Revenue
0.00 38 23 22 26 -72 0.00 57 54 114
Total Operating Expenses
22 -13 9.07 -20 10 141 78 12 51 -82
Selling, General & Admin Expense
4.51 3.86 8.78 8.38 9.91 7.27 17 12 12 12
Depreciation Expense
0.28 - 0.30 0.32 0.33 0.43 0.41 0.42 0.48 0.54
Total Other Income / (Expense), net
-0.52 -0.43 -6.27 28 39 10 -115 44 -67 -152
Interest & Investment Income
-0.27 - -0.28 -0.27 -0.23 -0.04 -0.02 0.02 0.03 0.15
Other Income / (Expense), net
-0.25 0.01 -5.99 -0.05 39 39 -115 44 -33 -185
Income Tax Expense
-0.38 0.00 3.22 -3.53 0.61 -0.25 0.00 0.00 0.05 -0.01
Preferred Stock Dividends Declared
0.00 - 0.33 0.66 0.67 0.69 0.47 0.14 0.14 0.15
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 - -8.34 -11 -19 -7.07 -22 -2.30 -25 -14
Basic Earnings per Share
$0.00 - ($0.64) $1.84 $1.87 $0.30 ($2.70) $0.33 ($0.83) ($1.43)
Weighted Average Basic Shares Outstanding
0.00 0.00 15.22M 15.71M 17.41M 17.65M 36.61M 55.09M 67.07M 61.41M
Diluted Earnings per Share
$0.00 - ($0.64) $1.52 $1.27 $0.27 ($2.70) $0.29 ($0.83) ($1.39)
Weighted Average Diluted Shares Outstanding
0.00 0.00 15.22M 19.38M 26.13M 25.56M 36.61M 62.28M 67.07M 61.41M
Weighted Average Basic & Diluted Shares Outstanding
41.22M 84.17M 84.11M 86.71M 26.13M 25.56M 124.63M 128.55M 140.35M 178.32M

Annual Cash Flow Statements for Intuitive Machines

This table details how cash moves in and out of Intuitive Machines' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-3.53 -21 205
Net Cash From Operating Activities
0.78 -45 -58
Net Cash From Continuing Operating Activities
0.78 -45 -58
Net Income / (Loss) Continuing Operations
-6.41 10 -347
Consolidated Net Income / (Loss)
-6.41 10 -347
Depreciation Expense
1.07 1.38 1.86
Non-Cash Adjustments To Reconcile Net Income
-4.88 -1.42 195
Changes in Operating Assets and Liabilities, net
11 -55 92
Net Cash From Investing Activities
-16 -30 -10
Net Cash From Continuing Investing Activities
-16 -30 -10
Purchase of Property, Plant & Equipment
-16 -30 -10
Net Cash From Financing Activities
12 54 273
Net Cash From Continuing Financing Activities
12 54 273
Repayment of Debt
-0.11 -12 -18
Payment of Dividends
0.00 -17 -12
Issuance of Debt
7.95 0.00 10
Issuance of Preferred Equity
0.00 26 0.00
Issuance of Common Equity
0.01 20 233
Other Financing Activities, net
4.25 37 59
Cash Interest Paid
1.01 1.92 0.41
Cash Income Taxes Paid
0.00 0.04 0.61

Quarterly Cash Flow Statements for Intuitive Machines

This table details how cash moves in and out of Intuitive Machines' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents
-12 17 21 -7.71 1.57 -36 53 -24 58 118
Net Cash From Operating Activities
-17 29 -19 2.89 -7.16 -22 -6.44 -31 -18 -1.97
Net Cash From Continuing Operating Activities
-17 29 -19 2.89 -7.16 -22 -6.44 -31 -18 -1.97
Net Income / (Loss) Continuing Operations
-12 12 -23 19 12 2.98 -121 16 -77 -165
Consolidated Net Income / (Loss)
-12 12 -23 19 12 2.98 -121 16 -77 -165
Depreciation Expense
0.28 0.29 0.30 0.32 0.33 0.43 0.41 0.42 0.48 0.54
Non-Cash Adjustments To Reconcile Net Income
-7.74 7.56 -9.73 -2.51 12 -0.87 72 3.35 42 78
Changes in Operating Assets and Liabilities, net
2.18 8.87 14 -14 -31 -25 42 -51 17 84
Net Cash From Investing Activities
-6.75 -4.26 -8.57 -12 -7.47 -2.24 -1.59 -2.21 -1.39 -4.93
Net Cash From Continuing Investing Activities
-6.75 -4.26 -8.57 -12 -7.47 -2.24 -1.59 -2.21 -1.39 -4.93
Purchase of Property, Plant & Equipment
-6.75 -4.26 -8.57 -12 -7.47 -2.24 -1.59 -2.21 -1.39 -4.93
Net Cash From Financing Activities
12 -8.08 48 1.03 16 -12 61 9.85 77 125
Net Cash From Continuing Financing Activities
12 -8.08 48 1.03 16 -12 61 9.85 77 125
Payment of Dividends
- - -0.78 -13 -3.49 0.49 0.00 -1.41 - -10
Issuance of Common Equity
- 0.01 0.00 - 20 - 10 17 80 125
Other Financing Activities, net
- - 23 14 -0.32 -0.06 51 -1.22 -0.17 9.66
Cash Income Taxes Paid
- -0.36 0.01 0.03 0.00 -0.00 0.00 0.27 0.00 0.34

Annual Balance Sheets for Intuitive Machines

This table presents Intuitive Machines' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
331 67 86 355
Total Current Assets
0.84 41 32 293
Cash & Equivalents
0.36 26 4.50 208
Restricted Cash
- 0.06 0.06 2.04
Accounts Receivable
- 1.30 17 45
Prepaid Expenses
0.48 6.89 3.04 4.16
Other Current Assets
- 6.98 7.13 35
Plant, Property, & Equipment, net
0.00 21 18 23
Total Noncurrent Assets
330 4.84 36 39
Noncurrent Note & Lease Receivables
- - 0.10 0.11
Other Noncurrent Operating Assets
330 4.83 36 39
Total Liabilities & Shareholders' Equity
331 67 86 355
Total Liabilities
12 125 137 351
Total Current Liabilities
0.22 95 82 99
Short-Term Debt
- 16 8.00 0.00
Accounts Payable
0.22 6.52 23 20
Current Deferred Revenue
- 57 41 65
Other Current Liabilities
0.00 16 9.61 14
Total Noncurrent Liabilities
12 29 56 253
Long-Term Debt
- 3.86 0.00 0.00
Noncurrent Deferred Revenue
12 2.19 0.00 14
Other Noncurrent Operating Liabilities
- 23 56 238
Commitments & Contingencies
0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
316 0.00 210 1,012
Total Equity & Noncontrolling Interests
3.28 -58 -261 -1,008
Total Preferred & Common Equity
3.28 -58 -261 -1,009
Total Common Equity
3.28 -58 -261 -1,009
Common Stock
3.59 15 0.01 0.02
Retained Earnings
-0.32 -73 -249 -996
Treasury Stock
- 0.00 -13 -13
Noncontrolling Interest
- - 0.00 1.23

Quarterly Balance Sheets for Intuitive Machines

This table presents Intuitive Machines' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets
332 100 96 103 171 140 225
Total Current Assets
0.48 66 51 49 116 83 168
Cash & Equivalents
0.02 47 39 41 55 32 90
Restricted Cash
- 0.06 0.06 0.06 2.04 2.04 2.04
Accounts Receivable
- 2.31 2.27 2.45 35 38 51
Prepaid Expenses
0.46 4.73 4.40 3.72 3.38 3.85 3.74
Other Current Assets
- 12 4.71 2.01 20 7.32 22
Plant, Property, & Equipment, net
0.00 29 41 18 20 21 17
Total Noncurrent Assets
332 4.66 4.48 37 36 36 39
Noncurrent Note & Lease Receivables
- - - - 0.12 0.13 0.12
Other Noncurrent Operating Assets
332 4.65 4.47 37 35 36 39
Total Liabilities & Shareholders' Equity
332 100 96 103 171 140 225
Total Liabilities
14 221 169 163 215 150 229
Total Current Liabilities
2.47 108 109 101 105 85 95
Short-Term Debt
- 16 20 20 8.00 3.00 0.00
Accounts Payable
2.35 19 17 11 55 30 25
Current Deferred Revenue
- - 41 50 29 41 55
Other Current Liabilities
0.13 73 31 21 13 12 16
Total Noncurrent Liabilities
12 113 60 62 110 65 134
Noncurrent Deferred Revenue
12 - 0.00 0.57 3.61 3.32 0.88
Other Noncurrent Operating Liabilities
- 109 60 61 106 62 133
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
318 762 605 286 449 224 491
Total Equity & Noncontrolling Interests
0.33 -883 -678 -346 -493 -234 -495
Total Preferred & Common Equity
0.33 -883 -678 -346 -494 -235 -497
Total Common Equity
0.33 -883 -678 -346 -494 -235 -497
Common Stock
1.60 0.01 0.01 0.01 0.01 0.01 0.01
Retained Earnings
-1.27 -871 -665 -333 -481 -222 -484
Treasury Stock
- -13 -13 -13 -13 -13 -13
Noncontrolling Interest
- - - - 0.97 0.79 1.46

Annual Metrics And Ratios for Intuitive Machines

This table displays calculated financial ratios and metrics derived from Intuitive Machines' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - -
Revenue Growth
0.00% -7.44% 186.61%
EBITDA Growth
0.00% 373.87% -2,888.64%
EBIT Growth
0.00% 296.76% -3,254.28%
NOPAT Growth
0.00% -1,479.26% 34.00%
Net Income Growth
0.00% 1,222.59% -976.66%
EPS Growth
0.00% 0.00% -291.32%
Operating Cash Flow Growth
0.00% -5,875.38% -27.18%
Free Cash Flow Firm Growth
0.00% 0.00% 254.03%
Invested Capital Growth
0.00% 24.18% -327.42%
Revenue Q/Q Growth
0.00% -24.54% 83.88%
EBITDA Q/Q Growth
0.00% 426.97% -581.77%
EBIT Q/Q Growth
0.00% 319.23% -562.53%
NOPAT Q/Q Growth
0.00% -61.74% -9.57%
Net Income Q/Q Growth
0.00% 39.39% -206.04%
EPS Q/Q Growth
0.00% 12.56% -58.02%
Operating Cash Flow Q/Q Growth
0.00% -829.25% 26.14%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 654.06%
Invested Capital Q/Q Growth
0.00% 40.36% -113.89%
Profitability Metrics
- - -
Gross Margin
12.14% 100.00% 1.21%
EBITDA Margin
-5.26% 15.56% -151.41%
Operating Margin
-6.41% -76.83% -25.17%
EBIT Margin
-6.51% 13.83% -152.22%
Profit (Net Income) Margin
-7.45% 90.38% -276.46%
Tax Burden Percent
99.64% 706.31% 181.71%
Interest Burden Percent
114.95% 92.52% 99.95%
Effective Tax Rate
0.00% 0.39% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00%
Return on Equity (ROE)
-4.90% -131.70% 2,645.63%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-2.81% 14.39% -157.29%
Return on Assets (ROA)
-3.22% 94.04% -285.66%
Return on Common Equity (ROCE)
1.02% -384.82% 70,550.38%
Return on Equity Simple (ROE_SIMPLE)
11.12% -27.50% 62.46%
Net Operating Profit after Tax (NOPAT)
-3.85 -61 -40
NOPAT Margin
-4.49% -76.53% -17.62%
Net Nonoperating Expense Percent (NNEP)
-43.48% 10,951.00% -572.39%
Return On Investment Capital (ROIC_SIMPLE)
- 24.02% 3.99%
Cost of Revenue to Revenue
87.86% 0.00% 98.79%
SG&A Expenses to Revenue
17.30% 43.16% 23.36%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
18.55% 176.83% 26.39%
Earnings before Interest and Taxes (EBIT)
-5.59 11 -347
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-4.52 12 -345
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
4.80 2.95 11.18
Price to Earnings (P/E)
0.00 3.95 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 25.30% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
4.73 5.63 14.70
Enterprise Value to EBITDA (EV/EBITDA)
0.00 36.21 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 40.73 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
518.27 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 28.55
Leverage & Solvency
- - -
Debt to Equity
-0.35 -0.16 0.00
Long-Term Debt to Equity
-0.07 0.00 0.00
Financial Leverage
0.10 0.02 4.33
Leverage Ratio
1.52 -1.40 -9.26
Compound Leverage Factor
1.75 -1.30 -9.26
Debt to Total Capital
-53.01% -18.36% 0.00%
Short-Term Debt to Total Capital
-42.75% -18.36% 0.00%
Long-Term Debt to Total Capital
-10.26% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% -481.65% 25,839.91%
Common Equity to Total Capital
153.01% 600.01% -25,739.91%
Debt to EBITDA
-4.42 0.65 0.00
Net Debt to EBITDA
1.30 0.28 0.00
Long-Term Debt to EBITDA
-0.85 0.00 0.00
Debt to NOPAT
-5.18 -0.13 0.00
Net Debt to NOPAT
1.52 -0.06 0.00
Long-Term Debt to NOPAT
-1.00 0.00 0.00
Altman Z-Score
0.50 -2.38 -1.50
Noncontrolling Interest Sharing Ratio
120.78% -192.20% -2,566.67%
Liquidity Ratios
- - -
Current Ratio
0.43 0.39 2.97
Quick Ratio
0.28 0.26 2.55
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 -76 117
Operating Cash Flow to CapEx
4.78% -151.38% -569.55%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00
Efficiency Ratios
- - -
Asset Turnover
0.43 1.04 1.03
Accounts Receivable Turnover
0.00 8.75 7.40
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
0.00 4.03 10.93
Accounts Payable Turnover
22.40 0.00 10.56
Days Sales Outstanding (DSO)
0.00 41.71 49.34
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
16.30 0.00 34.56
Cash Conversion Cycle (CCC)
-16.30 41.71 14.78
Capital & Investment Metrics
- - -
Invested Capital
-63 -48 -206
Invested Capital Turnover
-1.35 -1.43 -1.80
Increase / (Decrease) in Invested Capital
0.00 15 -158
Enterprise Value (EV)
406 448 3,352
Market Capitalization
412 235 2,549
Book Value per Share
($1.40) ($2.84) ($7.19)
Tangible Book Value per Share
($1.40) ($2.84) ($7.19)
Total Capital
-38 -44 3.92
Total Debt
20 8.00 0.00
Total Long-Term Debt
3.86 0.00 0.00
Net Debt
-5.87 3.44 -210
Capital Expenditures (CapEx)
16 30 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-64 -46 -15
Debt-free Net Working Capital (DFNWC)
-38 -42 194
Net Working Capital (NWC)
-54 -50 194
Net Nonoperating Expense (NNE)
2.55 -133 590
Net Nonoperating Obligations (NNO)
-5.87 3.44 -210
Total Depreciation and Amortization (D&A)
1.07 1.38 1.86
Debt-free, Cash-free Net Working Capital to Revenue
-74.37% -58.43% -6.72%
Debt-free Net Working Capital to Revenue
-44.32% -52.70% 85.23%
Net Working Capital to Revenue
-63.05% -62.75% 85.23%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $3.43 ($4.63)
Adjusted Weighted Average Basic Shares Outstanding
41.22M 17.65M 61.41M
Adjusted Diluted Earnings per Share
$0.00 $2.46 ($4.63)
Adjusted Weighted Average Diluted Shares Outstanding
84.17M 25.56M 61.41M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
84.17M 25.56M 178.32M
Normalized Net Operating Profit after Tax (NOPAT)
-3.85 -60 -37
Normalized NOPAT Margin
-4.49% -75.32% -16.07%
Pre Tax Income Margin
-7.48% 12.80% -152.14%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 23.14% -1.85%
Augmented Payout Ratio
0.00% 23.14% -1.85%

Quarterly Metrics And Ratios for Intuitive Machines

This table displays calculated financial ratios and metrics derived from Intuitive Machines' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% -6.37% 23.95% -45.82% 300.68% 130.13% 359.34% 79.94%
EBITDA Growth
-25,944.80% 0.00% -362.30% -611.91% 231.51% 121.43% -511.60% 226.87% -401.05% -760.81%
EBIT Growth
-26,555.75% 0.00% -343.40% -538.35% 225.76% 123.03% -504.60% 220.62% -410.78% -772.49%
NOPAT Growth
-54,171.52% 0.00% -210.29% -945.07% -178.89% -254.84% 61.33% -73.56% 58.29% 64.90%
Net Income Growth
-26,429.70% 0.00% -440.00% 1,991.07% 219.94% 163.54% -414.59% -29.06% -661.88% -1,515.79%
EPS Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -321.88% -80.92% -165.35% -614.81%
Operating Cash Flow Growth
-1,756.61% 0.00% 22.37% -77.59% 58.42% -176.68% 65.49% -1,180.91% -150.31% 91.21%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 223.18% 1,128.10% 0.00% -112.83% -120.06% -98.44% 524.12%
Invested Capital Growth
9.76% 0.00% -146.49% -128.87% -125.36% 24.18% 37.03% 55.39% -19.18% -327.42%
Revenue Q/Q Growth
-46.55% 449.68% -67.70% -1.33% -29.24% 140.29% 301.68% -43.33% 41.22% -5.87%
EBITDA Q/Q Growth
-548.62% 213.14% -247.66% 34.30% 219.82% 90.51% -2,109.96% 113.63% -384.31% -318.16%
EBIT Q/Q Growth
-480.90% 208.15% -253.21% 33.68% 214.44% 91.79% -1,954.43% 113.23% -394.87% -315.02%
NOPAT Q/Q Growth
-431.64% 257.51% -175.15% -66.08% -41.87% 12.55% 35.63% -645.34% 65.90% 26.42%
Net Income Q/Q Growth
-367.19% 204.12% -288.74% 305.99% -70.37% 128.78% -385.52% 128.40% -334.70% -476.45%
EPS Q/Q Growth
0.00% 0.00% 0.00% 337.50% -16.45% -78.74% -1,031.03% 110.74% -386.21% -67.47%
Operating Cash Flow Q/Q Growth
-233.43% 269.25% -164.05% 115.49% -347.55% -212.14% 71.17% -385.25% 42.67% 89.03%
Free Cash Flow Firm Q/Q Growth
88.58% 100.00% 0.00% -13.65% -4.70% -109.44% -202.42% -35.03% 107.42% 2,464.26%
Invested Capital Q/Q Growth
-0.14% -119.95% -133.19% 37.86% 12.27% 40.36% -86.52% 55.97% -134.36% -113.89%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 32.50% -26.82% -24.94% -108.10% 335.69% 100.00% -37.90% 7.05% -106.69%
EBITDA Margin
-114.56% 23.58% -107.79% -71.77% 121.54% 96.36% -164.53% 39.57% -79.66% -353.86%
Operating Margin
-114.86% 23.04% -76.57% -73.27% -188.55% -32.59% -7.39% -68.04% -23.47% -18.34%
EBIT Margin
-117.24% 23.07% -109.42% -73.55% 118.95% 94.95% -165.10% 38.55% -80.48% -354.84%
Profit (Net Income) Margin
-116.17% 22.00% -128.58% 268.43% 112.41% 107.02% -165.13% 82.74% -137.51% -842.08%
Tax Burden Percent
96.91% 99.98% 115.89% 316.73% 95.94% 13,255.06% 100.00% 214.39% 100.06% 286.40%
Interest Burden Percent
102.24% 95.41% 101.40% -115.23% 98.49% 0.85% 100.02% 100.13% 170.75% 82.86%
Effective Tax Rate
0.00% 0.02% 0.00% -23.14% 4.06% -102.02% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% -65.53% -81.97% -160.60% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 34.73% -751.38% -520.50% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -4.79% 58.91% 41.83% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% -4.90% -70.32% -23.06% -118.78% -131.70% 117.77% 267.46% 638.54% 2,645.63%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 9.96% -52.97% -35.50% 57.63% 98.79% -66.94% 25.57% -60.89% -366.65%
Return on Assets (ROA)
0.00% 9.51% -62.25% 129.57% 54.46% 111.36% -66.95% 54.89% -104.04% -870.10%
Return on Common Equity (ROCE)
0.00% 1.02% 313.17% 63.39% 159.09% -384.82% 982.35% 2,936.30% 8,344.27% 70,550.38%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 2.89% -3.74% -14.90% 0.00% 19.69% 47.34% 41.46% 0.00%
Net Operating Profit after Tax (NOPAT)
-8.26 13 -9.77 -16 -23 -20 -3.78 -28 -9.61 -7.07
NOPAT Margin
-80.40% 23.04% -53.60% -90.22% -180.90% -65.84% -5.17% -68.04% -16.43% -12.84%
Net Nonoperating Expense Percent (NNEP)
-670.79% -9.96% -100.26% 669.41% 359.89% 4,361.22% -306.84% 250.51% -126.01% -442.72%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 7.95% - - - 0.70%
Cost of Revenue to Revenue
0.00% 67.50% 126.82% 124.94% 208.10% -235.69% 0.00% 137.90% 92.95% 206.69%
SG&A Expenses to Revenue
43.88% 6.84% 48.13% 46.55% 77.87% 23.77% 23.46% 29.12% 21.07% 21.33%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
214.86% -22.82% 49.75% -111.49% 80.45% 462.28% 107.39% 30.14% 87.51% -148.89%
Earnings before Interest and Taxes (EBIT)
-12 13 -20 -13 15 29 -121 16 -47 -195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-12 13 -20 -13 15 29 -120 16 -47 -195
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1,213.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
1,213.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.00 4.80 8.73 6.69 3.00 2.95 13.90 5.26 8.35 11.18
Price to Earnings (P/E)
0.00 0.00 247.30 21.17 3.21 3.95 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.40% 4.72% 31.11% 25.30% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 4.73 15.78 12.38 5.52 5.63 21.21 7.74 11.58 14.70
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 36.21 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 40.73 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 518.27 266.85 0.00 93.73 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.55
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 -0.35 -0.16 -0.27 -0.33 -0.16 -0.18 -0.29 0.00 0.00
Long-Term Debt to Equity
0.00 -0.07 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 0.10 -0.14 -0.08 -0.08 0.02 0.46 0.60 1.74 4.33
Leverage Ratio
1.04 1.52 2.18 1.73 1.69 -1.40 -1.64 -2.84 -5.08 -9.26
Compound Leverage Factor
1.06 1.45 2.21 -2.00 1.66 -0.01 -1.64 -2.84 -8.68 -7.67
Debt to Total Capital
0.00% -53.01% -19.73% -37.80% -49.96% -18.36% -22.26% -40.71% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% -42.75% -15.91% -37.80% -49.96% -18.36% -22.26% -40.71% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% -10.26% -3.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
99.90% 0.00% -753.31% -1,145.74% -715.72% -481.65% -1,251.39% -3,048.53% -10,850.17% 25,839.91%
Common Equity to Total Capital
0.10% 153.01% 873.04% 1,283.54% 865.69% 600.01% 1,373.65% 3,189.24% 10,950.17% -25,739.91%
Debt to EBITDA
0.00 -4.42 -1.00 -0.64 -5.28 0.65 -0.17 -0.05 0.00 0.00
Net Debt to EBITDA
0.00 1.30 1.35 0.62 5.48 0.28 1.07 0.50 0.00 0.00
Long-Term Debt to EBITDA
0.00 -0.85 -0.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 -5.18 -1.91 -1.10 -0.53 -0.13 -0.24 -0.07 0.00 0.00
Net Debt to NOPAT
0.00 1.52 2.57 1.06 0.55 -0.06 1.48 0.70 0.00 0.00
Long-Term Debt to NOPAT
0.00 -1.00 -0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 1.42 -9.88 -7.39 -2.46 -1.68 -3.74 0.34 -0.06 -0.09
Noncontrolling Interest Sharing Ratio
0.00% 120.78% 545.33% 374.87% 233.94% -192.20% -734.12% -997.86% -1,206.77% -2,566.67%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.19 0.43 0.61 0.47 0.48 0.39 1.10 0.98 1.77 2.97
Quick Ratio
0.01 0.28 0.45 0.38 0.43 0.26 0.86 0.82 1.48 2.55
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-37 0.00 457 394 376 -35 -59 -79 5.87 151
Operating Cash Flow to CapEx
-255.27% 684.89% -217.93% 24.86% -95.86% -996.26% -405.67% -1,417.69% -1,287.36% -39.89%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 0.43 0.48 0.48 0.48 1.04 0.41 0.66 0.76 1.03
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 8.75 2.92 3.86 4.61 7.40
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 4.03 2.24 2.52 7.15 10.93
Accounts Payable Turnover
0.00 22.40 8.23 9.51 16.85 0.00 0.00 0.49 2.20 10.56
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 41.71 124.92 94.53 79.13 49.34
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 16.30 44.34 38.37 21.66 0.00 0.00 741.76 165.65 34.56
Cash Conversion Cycle (CCC)
0.00 -16.30 -44.34 -38.37 -21.66 41.71 124.92 -647.23 -86.51 14.78
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
318 -63 -148 -92 -81 -48 -93 -41 -96 -206
Invested Capital Turnover
0.00 -1.35 1.22 0.91 0.89 -1.43 -0.45 -1.18 -1.40 -1.80
Increase / (Decrease) in Invested Capital
28 0.00 -466 -411 -399 15 55 51 -15 -158
Enterprise Value (EV)
723 406 1,644 1,275 582 448 1,163 605 1,435 3,352
Market Capitalization
405 412 909 689 316 235 762 411 1,035 2,549
Book Value per Share
$0.01 ($1.40) ($21.43) ($8.06) ($3.99) ($2.84) ($4.05) ($1.89) ($3.86) ($7.19)
Tangible Book Value per Share
$0.01 ($1.40) ($21.43) ($8.06) ($3.99) ($2.84) ($4.05) ($1.89) ($3.86) ($7.19)
Total Capital
318 -38 -101 -53 -40 -44 -36 -7.37 -4.54 3.92
Total Debt
0.00 20 20 20 20 8.00 8.00 3.00 0.00 0.00
Total Long-Term Debt
0.00 3.86 3.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-0.02 -5.87 -27 -19 -21 3.44 -49 -31 -92 -210
Capital Expenditures (CapEx)
6.75 4.26 8.57 12 7.47 2.24 1.59 2.21 1.39 4.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-2.01 -64 -73 -77 -73 -46 -38 -33 -19 -15
Debt-free Net Working Capital (DFNWC)
-2.00 -38 -26 -38 -32 -42 19 1.10 73 194
Net Working Capital (NWC)
-2.00 -54 -42 -58 -52 -50 11 -1.90 73 194
Net Nonoperating Expense (NNE)
3.67 0.58 14 -65 -37 -53 117 -62 71 456
Net Nonoperating Obligations (NNO)
-0.02 -5.87 -27 -19 -21 3.44 -49 -31 -92 -210
Total Depreciation and Amortization (D&A)
0.28 0.29 0.30 0.32 0.33 0.43 0.41 0.42 0.48 0.54
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -74.37% -70.28% -75.01% -69.01% -58.43% -69.98% -41.63% -15.08% -6.72%
Debt-free Net Working Capital to Revenue
0.00% -44.32% -25.30% -36.99% -30.39% -52.70% 34.50% 1.41% 58.84% 85.23%
Net Working Capital to Revenue
0.00% -63.05% -40.75% -56.39% -49.35% -62.75% 19.91% -2.43% 58.84% 85.23%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.02) $0.00 ($0.64) $1.84 $1.89 $0.30 ($2.70) $0.33 ($0.83) ($1.43)
Adjusted Weighted Average Basic Shares Outstanding
41.22M 0.00 15.22M 15.71M 17.41M 17.65M 36.61M 55.09M 67.07M 61.41M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.64) $1.52 $1.29 $0.27 ($2.70) $0.29 ($0.83) ($1.39)
Adjusted Weighted Average Diluted Shares Outstanding
41.22M 0.00 15.22M 19.38M 26.13M 25.56M 36.61M 62.28M 67.07M 61.41M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
41.22M 84.17M 84.11M 86.71M 26.13M 25.56M 124.63M 128.55M 140.35M 178.32M
Normalized Net Operating Profit after Tax (NOPAT)
-8.26 13 -9.77 -29 -23 -6.98 -3.78 -20 17 -7.07
Normalized NOPAT Margin
-80.40% 23.04% -53.60% -163.16% -180.90% -22.81% -5.17% -47.63% 29.50% -12.84%
Pre Tax Income Margin
-119.87% 22.01% -110.95% 84.75% 117.16% 0.81% -165.13% 38.59% -137.42% -294.03%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% -3.07% 53.80% 33.20% 23.14% -16.31% -3.97% -0.45% -1.85%
Augmented Payout Ratio
0.00% 0.00% -3.07% 53.80% 33.20% 23.14% -16.31% -3.97% -0.45% -1.85%

Key Financial Trends

Intuitive Machines (NASDAQ: LUNR) has exhibited significant financial volatility over the past four years, with notable fluctuations in revenue, expenses, and net income. Examining the quarterly financial data from 2022 to 2024 reveals several trends relevant for investors.

Positive Highlights:

  • Revenue Growth: Operating revenue increased substantially from $10.3 million in Q3 2022 to $55.0 million in Q4 2024, demonstrating positive top-line growth.
  • Improving Gross Profit Margins Earlier: In late 2022, the company reported positive gross profits (e.g., $18.3 million in Q4 2022) indicating periods of operational efficiency.
  • Significant Equity Issuances: Multiple quarters show substantial issuance of common equity (e.g., $125 million in Q4 2024, $80 million in Q3 2024), strengthening cash reserves and funding operations.
  • Cash Position Improvement: Cash and equivalents improved from approximately $19,000 in Q3 2022 to $89.6 million by Q3 2024, enhancing liquidity.
  • Stable Depreciation Expense: Depreciation charges remain consistent around $300,000-$540,000 per quarter, suggesting stable capital assets.

Neutral Observations:

  • Large Non-Cash Adjustments: The company consistently reports sizeable non-cash adjustments, which complicate direct analysis of cash flow from operations.
  • Volatile Deferred Revenues and Liabilities: The balance sheet shows changing deferred revenue amounts and other liabilities, which could reflect contractual timing differences or new contracts.
  • Preferred Stock Dividends Present: Small but consistent preferred dividends are declared, which slightly affect net income attributable to common shareholders.

Negative Concerns:

  • Consistent Net Losses in 2024: Despite rising revenue, Q4 2024 net loss attributable to common shareholders was $49.8 million, continuing a trend of heavy quarterly losses during 2024.
  • Large Operating Expenses: Total operating expenses have significantly increased in 2024 (e.g., $81.95 million in Q4 2024), outpacing revenue and pressuring profits.
  • Negative Gross Profit in 2024 Quarters: Multiple recent quarters show negative gross profits (e.g., -$58.7 million in Q4 2024), indicating costs exceed sales revenue handing operational challenges.
  • Substantial Other Expense: "Other income/(expense), net" reported large negative amounts (e.g., -$185 million in Q4 2024), severely impacting pre-tax income.
  • Diluted Earnings per Share Declining: The EPS was negative and declining in 2024 with -$1.43 in Q4 2024 compared to -$0.83 in Q3 2024, reflecting ongoing financial strain.
  • Increasing Total Liabilities: Total liabilities rose to $229.3 million by Q3 2024 from lower levels in prior years, increasing financial risk.

Summary: Intuitive Machines has shown rapid revenue growth and improved liquidity through equity issuances but is struggling to contain rising costs and losses in 2024. Negative gross margins and large other expenses suggest operational inefficiencies or one-time charges currently pressure profitability. Investors should monitor ongoing quarterly results for improvement in gross margins and net income, as well as continued cash flow from operations. The company’s balance sheet strengthening by equity raises provides some financial flexibility but rising liabilities and operating losses present risks. Given the mixed trends, cautious optimism with close attention to operational cost controls and profitability milestones is warranted.

08/23/25 03:43 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Intuitive Machines' Financials

When does Intuitive Machines' financial year end?

According to the most recent income statement we have on file, Intuitive Machines' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Intuitive Machines' net income changed over the last 2 years?

Intuitive Machines' net income appears to be on an upward trend, with a most recent value of -$630.34 million in 2024, rising from -$6.41 million in 2022. The previous period was $71.90 million in 2023. See where experts think Intuitive Machines is headed by visiting Intuitive Machines' forecast page.

What is Intuitive Machines' operating income?
Intuitive Machines' total operating income in 2024 was -$57.40 million, based on the following breakdown:
  • Total Gross Profit: $2.77 million
  • Total Operating Expenses: $60.17 million
How has Intuitive Machines' revenue changed over the last 2 years?

Over the last 2 years, Intuitive Machines' total revenue changed from $85.95 million in 2022 to $228 million in 2024, a change of 165.3%.

How much debt does Intuitive Machines have?

Intuitive Machines' total liabilities were at $351.48 million at the end of 2024, a 155.7% increase from 2023, and a 2,888.6% increase since 2021.

How much cash does Intuitive Machines have?

In the past 3 years, Intuitive Machines' cash and equivalents has ranged from $359.61 thousand in 2021 to $207.61 million in 2024, and is currently $207.61 million as of their latest financial filing in 2024.

How has Intuitive Machines' book value per share changed over the last 2 years?

Over the last 2 years, Intuitive Machines' book value per share changed from -1.40 in 2022 to -7.19 in 2024, a change of 414.4%.



This page (NASDAQ:LUNR) was last updated on 8/23/2025 by MarketBeat.com Staff
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