Intuitive Machines, Inc.
- Open
- 15.04
- Day high
- 15.14
- Day low
- 14.38
- Prev close
- 14.86
- Volume
- 3.5M
- Mkt cap
- $2.6B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -9.1
- P/S
- 5.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$167.2M over the last 3 months (0 open-market buys, 16 sales)
- 🏛Institutions accumulating (13F)
Intuitive Machines, Inc. (LUNR) is a Industrials company listed on NASDAQ. The stock is up 75% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 16 sales (SEC Form 4). Drillr has 2 published research articles covering LUNR.
Intuitive Machines, Inc. (LUNR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LUNR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 13, 2026 | $-0.09 | $-0.29 | -220.9% | $206M | -2.9% |
| May 14, 2026 | $-0.07 | $-0.18 | -157.1% | $187M | -8.0% |
| Mar 19, 2026 | $-0.04 | $-0.04 | +0.0% | $45M | -16.6% |
| Nov 13, 2025 | $-0.04 | $-0.06 | -50.0% | $52M | -1.8% |
| Aug 7, 2025 | $-0.06 | $-0.11 | -83.3% | $50M | -24.5% |
| Mar 25, 2025 | $-0.08 | $0.04 | +150.0% | $55M | -16.7% |
| Nov 14, 2024 | $-0.12 | $0.02 | +117.4% | $58M | +14.9% |
| Nov 13, 2023 | $-0.12 | $-0.22 | -83.3% | $13M | -56.5% |
| Aug 14, 2023 | $-0.24 | $0.35 | +245.8% | $18M | -60.5% |
| May 15, 2023 | $-0.13 | $-0.24 | -84.6% | $18M | — |
| Nov 10, 2022 | — | $0.05 | — | $10M | — |
| Aug 12, 2022 | — | $-0.14 | — | $19M | — |
LUNR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 28, 2026 | Vontur Stevenofficer: See Remarks | Sell | 3,050 | $16.13 |
| Aug 26, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 2,137 | $17.68 |
| Aug 26, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Option | 141,909 | — |
| Aug 26, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 139,772 | $16.86 |
| Aug 12, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 18,664 | $16.68 |
| Aug 12, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Option | 267,448 | — |
| Aug 12, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 248,784 | $16.13 |
| Jul 29, 2026 | ADVENT INTERNATIONAL, L.P.10 percent owner | Sell | 11,495,514 | $12.84 |
| Jul 29, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Option | 47,303 | — |
| Jul 29, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 47,303 | $13.20 |
| Jul 15, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Option | 110,976 | — |
| Jul 15, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 110,976 | $15.64 |
| Jul 1, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 94,899 | $20.24 |
| Jul 1, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Sell | 47,010 | $20.80 |
| Jul 1, 2026 | Ghaffarian Kamal Seyeddirector, 10 percent owner: | Option | 141,909 | — |
Source: LUNR SEC Form 4 filings, latest Aug 28, 2026. For informational purposes only — not investment advice.
See the full LUNR insider & 13F page →LUNR research & analysis
[LUNR] Intuitive Machines Advances Space Franchise Through Lunar Landers And Services
Intuitive Machines, Inc. is a Houston, Texas-headquartered space-exploration and lunar-services company that develops the lunar landers and provides the lunar payload delivery, the space services, and the related space infrastructure for the government and commercial customers. The business spans several areas: the lunar-access activity involves the development and operation of the lunar landers and the delivery of the payloads to the lunar surface, and the space-services and infrastructure activity involves the related services including the lunar data, communications and navigation infrastructure, and related space-services and engineering activity, with the company serving NASA and related government customers and the commercial customers under contracts and program arrangements. The revenue and the economics depend on the lunar-mission and program activity, the contract awards and backlog, the mission execution, the funding and capital position, and the operating efficiency. On selected various aggregate disclosure, the fiscal 2025 financial profile reflects total revenue derived from the lunar-services and space-infrastructure operations, an operating profile reflecting a growth-stage space company, and a balance-sheet position that reflects the capital raised to fund the program development. The lunar lander and payload delivery core franchise anchors the thesis, supported by the lunar missions producing the revenue under the mission and program contracts, by the lunar-access capability supporting the positioning, and by the customer relationships with NASA and the commercial customers supporting the contract base. The multi-cycle lunar program and space-services commercialization drive the multi-year trajectory, with the lunar program reflecting the multi-year arc of the lunar-exploration program and the cadence of the lunar missions, and the space-services commercialization reflecting the multi-year extension toward the broader space services of the lunar data, communications, and navigation infrastructure. Capital structure reflects the financing of a capital-intensive growth-stage space company, and a capital allocation framework focused on the lunar programs, the space-services capability, and the balance-sheet management. The bull case anchors on the lunar-services positioning, the NASA and commercial relationships, and the space-services optionality; the bear case anchors on the program and execution risk, the pre-scale and capital-intensity profile, and the contract concentration.
BA's SLS Moon Rocket at Risk: 5 Space Stocks Poised to Win NASA's Next Contracts
Boeing's SLS faces Trump NASA scrutiny, per April 11 Bloomberg report, boosting Lockheed, Northrop, Rocket Lab, BWXT, and Intuitive Machines for lunar bases and nuclear propulsion. LMT and NOC top ranked for stability; BA lags. Article analyzes financials and exposure.
BALMTRTX
Intuitive Machines, Inc. company profile
Overview
Intuitive Machines, Inc. (NASDAQ:LUNR) is a Houston-based aerospace company founded in 2013 that specializes in lunar exploration and space services. The company went public in November 2021 and has established itself as a pioneer in commercial lunar missions, becoming the first private company to successfully land on the Moon's surface with its IM-1 mission in February 2024. Intuitive Machines operates through multiple business segments focused on delivering payloads to the lunar surface, providing orbital services, offering lunar data services, and developing space infrastructure products.
Business
Intuitive Machines operates in the commercial space industry, specifically focusing on lunar exploration and space services. The company's business is structured around four primary segments that collectively support robotic and human exploration of the Moon, Mars, and beyond. The company's core offering centers on lunar payload delivery services through NASA's Commercial Lunar Payload Services (CLPS) program. This involves designing, building, and operating robotic lunar landers that can transport scientific instruments, technology demonstrations, and other payloads to the Moon's surface. Their Nova-C landers are medium-class vehicles capable of delivering approximately 100 kilograms of payload, while their larger Nova-D landers are designed as heavy cargo class vehicles for more substantial missions. Orbital Services represents a significant revenue stream, primarily through the Orbital Mission Extended Services (OMES) contract with NASA. Under this program, Intuitive Machines provides mission operations and engineering support for various NASA spacecraft and missions. This includes operating the Lunar Reconnaissance Orbiter and managing other deep space missions that require specialized technical expertise. The company's Lunar Data Services segment focuses on developing communication and data relay capabilities for lunar operations. This includes the Near Space Network Services (NSNS) contract, valued up to $4.82 billion, which involves deploying and operating a constellation of communication satellites to support lunar missions and create a robust data network infrastructure around the Moon. Space Products and Infrastructure encompasses the development of specialized space technologies, including the Lunar Terrain Vehicle (LTV) being developed for NASA's Artemis program, nuclear propulsion systems, Earth reentry vehicles, and microgravity research laboratories. The company is also expanding into national security space applications and developing technologies for Mars exploration. Revenue distribution varies quarterly, but OMES typically contributes 30-40% of quarterly revenues, with lunar mission contracts, LTV development, and other specialized projects making up the remainder. The company's contracted backlog of over $300 million provides visibility into future revenue streams across these segments.
Revenue model
Intuitive Machines generates revenue through multiple business models tailored to different aspects of space exploration and services. The primary revenue source comes from contracted services and product development with government agencies, particularly NASA, which accounts for the majority of the company's income. The Orbital Services segment operates on a service fee model, where the company receives ongoing payments for providing mission operations, engineering support, and spacecraft management services. The OMES contract provides steady, recurring revenue as the company manages existing NASA missions and spacecraft operations. Lunar mission contracts follow a milestone-based payment structure combined with success fees. The company receives payments as it achieves specific development and operational milestones, with additional success payments earned upon successful mission completion. For example, the IM-1 mission generated $12.5 million in success payments, while the IM-2 mission is expected to yield approximately $14 million in success fees. The Space Products and Infrastructure segment generates revenue through product development contracts, such as the Lunar Terrain Vehicle program, where payments are made based on development phases and deliverables. The company also pursues licensing opportunities and potential commercial applications of its technologies. Several factors influence the company's margins and profitability. Positive margin drivers include the high-value, specialized nature of space services that command premium pricing, the company's growing expertise and operational efficiency from repeated lunar missions, and the scalability of data services and communication networks once infrastructure is deployed. The expanding commercial space market and increasing government investment in lunar exploration also support pricing power. Margin pressures come from the high upfront development costs for space technologies, the inherent risks of space missions that can result in total loss of investment, intense competition from other commercial space companies, and the cyclical nature of government contracting. Additionally, the company faces pressure to achieve cost efficiencies as the space industry matures and customers seek more competitive pricing for routine services.
Competitive moat
Intuitive Machines possesses a moderate but growing competitive moat built primarily on its operational expertise and first-mover advantages in commercial lunar services. The company's most significant competitive advantage stems from being the first private entity to successfully execute a soft lunar landing, demonstrating proven capabilities that differentiate it from competitors who have yet to achieve this milestone. The company's technical expertise and operational knowledge gained from actual lunar missions creates valuable intellectual property and operational know-how that is difficult to replicate. This includes understanding lunar surface conditions, landing dynamics, communication challenges, and payload integration requirements. Each successful mission strengthens this knowledge base and builds customer confidence. Established relationships with NASA and integration into critical programs like CLPS, OMES, and the Near Space Network Services provide some protection through long-term contracts and preferred vendor status. The company's deep involvement in NASA's Artemis program and lunar infrastructure development positions it advantageously for future opportunities. However, the moat faces significant challenges. The space industry is experiencing rapid growth with well-funded competitors including SpaceX, Blue Origin, and other commercial space companies that possess greater financial resources and broader capabilities. Technological barriers are not insurmountable, and competitors can potentially leapfrog current capabilities with newer technologies or different approaches. The company's dependence on government contracts, particularly NASA, creates concentration risk and vulnerability to budget changes or policy shifts. Additionally, as lunar missions become more routine, the premium for being "first" may diminish, leading to commoditization pressure. The competitive landscape is evolving rapidly, with international players including companies from China, India, and Europe developing lunar capabilities. While Intuitive Machines has a current advantage, maintaining this position will require continued innovation, successful mission execution, and strategic expansion into adjacent markets to build a more durable competitive position.
Risks & safety
Intuitive Machines demonstrates a strong financial safety profile with substantial cash resources and manageable debt levels, though the company remains in an investment phase with negative cash flows from operations. **Cash and Liquidity Position:** • Cash and short-term investments: $373.3 million (Q1 2025) • Strong current ratio of 4.39, indicating excellent short-term liquidity • Positive free cash flow of $13.3 million in Q1 2025, showing operational improvement • Access to $40 million credit facility for additional flexibility **Debt and Solvency:** • Minimal debt burden with debt-to-equity ratio of -0.29 • Total liabilities of $172.4 million against total assets of $500.0 million • No significant solvency concerns given strong balance sheet position **Valuation Considerations:** • Negative EV/EBITDA multiple due to current losses, though improving • Price-to-book ratio of -3.50 reflects negative book value from accumulated losses • Graham net-net working capital provides 3.63x coverage, indicating strong asset backing **Other Risk Factors:** • High cash burn historically, though recent quarters show improvement toward profitability • Revenue concentration in government contracts creates some dependency risk • Operating in high-risk space industry where mission failures can result in total loss • Company targeting positive run-rate adjusted EBITDA by Q4 2025
Recent development
Over the past few years, Intuitive Machines has undergone significant strategic evolution from a primarily service-oriented space contractor to a comprehensive lunar exploration and infrastructure company. The most pivotal development was the successful completion of the IM-1 lunar mission in February 2024, which marked the first U.S. lunar landing in over 50 years and established the company as a proven commercial lunar services provider. Following this success, the company executed the IM-2 mission, landing further south than any previous mission and demonstrating advanced capabilities in precision lunar operations. The company is now preparing for the IM-3 mission to the Reiner Gamma region while simultaneously developing the IM-4 South Pole mission, showing a sustained cadence of lunar operations. A major strategic expansion has been the company's move into lunar communication infrastructure through the Near Space Network Services (NSNS) contract worth up to $4.82 billion. This represents a shift from pure delivery services to building permanent lunar communication capabilities, positioning the company as a critical infrastructure provider for future lunar operations. The development of the Lunar Terrain Vehicle (LTV) represents another strategic pivot, moving from transportation services to developing operational equipment that will support sustained lunar presence. The company delivered a prototype to NASA and is competing for what could be a $4.5 billion contract to provide mobility services for the Artemis program. Strategic diversification efforts include expansion into national security space markets, development of Earth reentry vehicles with precision landing capabilities, microgravity research laboratories, and nuclear propulsion technologies. This diversification reduces dependence on NASA contracts while leveraging core competencies in new markets. The company has also pursued vertical integration strategies, developing in-house capabilities across the entire mission lifecycle from design and manufacturing to operations and data services. Recent organizational changes include appointing specialized leadership for data services and exploring strategic mergers and acquisitions to accelerate capability development and market expansion.
LUNR company profile · for informational purposes only — not investment advice.
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