Intuitive Machines, Inc. (LUNR) Income Statement
LUNR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLUNR revenue and net income
Where LUNR's revenue goes
2025Each bar shows an amount and its share of revenue. LUNR kept −39.7% of revenue as net income.
LUNR profit margins
LUNR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.9% | +34.7% | +36.5% | — |
| Gross profit | −12.8% | +46.5% | +80.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LUNR quarterly EPS vs estimates
Intuitive Machines beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.12).
LUNR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $210.1M | $228.0M | $79.5M | $85.9M | $72.5M | $44.3M |
| Cost of revenue | $177.2M | $190.4M | $100.5M | $75.5M | $100.3M | $42.6M |
| Gross profit | $32.8M | $37.6M | −$21.0M | $10.4M | −$27.8M | $1.7M |
| Sales, general & admin | $92.6M | $53.3M | $32.9M | $14.9M | $9.3M | $5.5M |
| Total operating expenses | $120.0M | $95.0M | $35.3M | $15.9M | $10.1M | $6.1M |
| Operating income | −$87.2M | −$57.4M | −$56.2M | −$5.5M | −$37.9M | −$4.4M |
| Interest income | $15.3M | $272,000 | — | — | — | $73,000 |
| Interest expense | $4.2M | $92,000 | $823,000 | $836,000 | $224,000 | $149,000 |
| Income before taxes | −$102.9M | −$346.9M | $15.1M | −$6.4M | −$35.6M | −$4.3M |
| Income taxes | $4.0M | $37,000 | $40,000 | −$23,000 | $2,000 | $8,000 |
| Net income | −$83.3M | −$283.4M | $62.8M | −$6.4M | −$35.6M | −$4.3M |
| EBITDA | −$95.1M | −$50.5M | $17.3M | −$4.5M | −$34.6M | −$3.8M |
| EPS (diluted) | −$0.42 | −$2.23 | $2.65 | $0.08 | −$0.17 | — |
| Gross margin | 15.6% | 16.5% | −26.3% | 12.1% | −38.3% | 3.8% |
| Operating margin | −41.5% | −25.2% | −70.7% | −6.4% | −52.2% | −9.9% |
| Net margin | −39.7% | −124.3% | 79.0% | −7.5% | −49.1% | −9.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $206.2M | $186.7M | $44.8M | $52.4M | $50.3M | $62.5M | $55.0M | $58.5M | $41.4M | $73.1M | $30.6M | $12.7M |
| Cost of revenue | $170.3M | $113.9M | $31.2M | $41.0M | $62.2M | $49.6M | $17.6M | $54.4M | $57.1M | $61.3M | $29.1M | $26.5M |
| Gross profit | $35.9M | $72.8M | $13.5M | $11.4M | −$11.8M | $12.9M | $37.5M | $4.1M | −$15.7M | $11.7M | $1.5M | −$13.8M |
| Research & development | $7.7M | $5.6M | — | — | $400,000 | $911,000 | $1.4M | — | — | — | — | — |
| Sales, general & admin | $60.3M | $50.7M | $40.2M | $20.3M | $16.0M | $16.1M | $11.7M | $12.3M | $12.1M | $17.1M | $5.9M | $9.9M |
| Total operating expenses | $83.0M | $112.0M | $46.6M | $26.8M | $16.8M | $23.0M | $47.6M | $17.8M | $12.5M | $17.1M | $7.3M | $10.2M |
| Operating income | −$47.1M | −$39.2M | −$33.1M | −$15.4M | −$28.6M | −$10.1M | −$10.1M | −$13.7M | −$28.2M | −$5.4M | −$5.9M | −$24.0M |
| Interest income | $1.5M | $1.4M | $5.5M | $4.8M | $3,428 | $1.4M | — | $31,000 | $20,000 | — | — | — |
| Interest expense | $4.5M | $4.9M | $2.7M | $1.3M | $72,000 | $26,000 | — | $538,000 | $20,000 | $20,000 | $42,000 | $228,000 |
| Income before taxes | −$62.8M | −$52.5M | −$55.7M | −$10.0M | −$38.2M | $975,000 | −$165.1M | −$80.4M | $16.0M | −$120.7M | $4.3M | $14.9M |
| Income taxes | $8,000 | −$2,000 | $4.0M | −$5,000 | — | $12.5M | −$13,000 | $50,000 | −$2.2M | −$22.3M | −$252,000 | $605,000 |
| Net income | −$46.4M | −$37.5M | −$40.0M | −$6.8M | −$38.6M | −$11.4M | −$148.7M | −$55.5M | $18.3M | −$98.3M | $9.0M | $33.3M |
| EBITDA | −$43.4M | −$34.6M | −$51.6M | −$7.8M | −$37.5M | $1.6M | −$12.9M | −$8.2M | $16.4M | −$115.5M | $4.8M | $15.5M |
| EPS (diluted) | −$0.16 | −$0.05 | −$0.03 | −$0.08 | −$0.11 | −$0.20 | −$0.07 | $0.25 | $0.29 | −$2.70 | $0.30 | $1.29 |
| Gross margin | 17.4% | 39.0% | 30.2% | 21.7% | −23.5% | 20.7% | 68.1% | 7.0% | −37.9% | 16.1% | 4.8% | −108.1% |
| Operating margin | −22.9% | −21.0% | −73.9% | −29.4% | −56.9% | −16.1% | −18.3% | −23.5% | −68.0% | −7.4% | −19.2% | −188.5% |
| Net margin | −22.5% | −20.1% | −89.4% | −13.0% | −76.7% | −18.2% | −270.2% | −95.0% | 44.1% | −134.6% | 29.4% | 261.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LUNR's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LUNR financial results
In fiscal year 2025 (ended December 31, 2025), Intuitive Machines reported revenue of $210.1 million, down 7.9% from the year before. It had a net loss of $83.3 million, a net profit margin of −39.7%. Diluted earnings per share came to −$0.42. Over five years revenue grew at an average rate of 36.5% a year.
See the LUNR stock overview for the latest quote and news, or the LUNR chart for price history and technical indicators.
LUNR income statement FAQ
What is Intuitive Machines's annual revenue?
Intuitive Machines reported total revenue of $210.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 7.9% from $228.0 million the previous year.
Is Intuitive Machines profitable?
No. Intuitive Machines reported a net loss of $83.3 million in fiscal 2025, a net profit margin of −39.7%; its operating margin was −41.5%.
What is Intuitive Machines's gross margin?
Intuitive Machines's gross margin was 15.6% in fiscal 2025: for every $100 of revenue, Intuitive Machines kept $16 after the direct cost of its products and services.
How fast is Intuitive Machines growing?
Revenue grew 36.5% a year on average over the last five fiscal years, from $44.3 million to $210.1 million.
What are Intuitive Machines's earnings per share?
Intuitive Machines earned $-0.42 per diluted share in fiscal 2025, compared with $-2.23 a year earlier.
When will Intuitive Machines report its next earnings?
Intuitive Machines is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Intuitive Machines's fiscal year end?
Intuitive Machines's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.