Intuitive Machines, Inc.
12.02-0.33 (-2.67%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · LUNR · USD
Key Stats
Market Cap
1.42BP/E (TTM)
-Basic EPS (TTM)
-3.23Dividend Yield
0%Recent Filings
8-K
Notes offering upsized to $345M
Intuitive Machines completed a $345 million private offering of 2.500% convertible senior notes due 2030 on August 18, 2025, upsized from $300 million after full exercise of the $45 million option. Net proceeds of $335.5 million, after $36.8 million for capped calls, will fund operations, R&D, and potential acquisitions, bolstering liquidity for space ventures. Conversion at $13.11 per share caps dilution via hedges. Yet, early redemption awaits 2028.
8-K
Proposed $250M notes offering
Intuitive Machines announced a proposed $250 million private offering of convertible senior notes due 2030 on August 13, 2025, with an option for up to $37.5 million more. The senior unsecured notes, convertible into cash, stock, or both, will fund operations, R&D, and potential acquisitions after covering capped call costs to curb dilution. Yet market volatility could sway pricing. Forward-looking risks include closing uncertainties.
10-Q
Q2 FY2025 results
Intuitive Machines posted Q2 revenue of $50.3M, up 21% y/y but down from Q1's $62.5M (derived), as fixed-price lunar missions like IM-3 and new IM-4 ramped while OMES III dipped on NASA's OSAM cuts. Operating loss widened to $28.6M from $27.5M y/y, with gross margins squeezed by $18.5M IM-3 cost overruns tying to NSNS satellite delays and $2.7M IM-4 losses; net loss hit $38.2M versus prior profit, driven by $13.0M warrant fair-value swings while operating loss and net diverged >20% on those non-cash items. Cash swelled to $344.9M on $176.6M warrant exercises, funding $14.2M capex for satellites; free cash flow turned negative at -$14.0M (derived) yet liquidity stays robust with $40M revolver untapped. Backlog holds at $256.9M, buoyed by NSNS and grants. Customer concentration risks persist, with one client at 85% of revenue.
8-K
Acquires KinetX for navigation boost
Intuitive Machines signed a stock purchase agreement on August 6, 2025, to acquire KinetX for $30 million in cash and stock, bolstering its space navigation software for Earth, Moon, and Mars operations across commercial and government clients. Q2 revenue hit $50.3 million, up 21% year-over-year, fueled by program growth despite satellite timing shifts; the company ended debt-free with $345 million cash. Full-year revenue eyes the low-end of prior guidance, yet adjusted EBITDA positivity looms in 2026. Backlog dipped to $256.9 million.
8-K
Stockholders approve directors, auditors
Intuitive Machines stockholders overwhelmingly elected Michael Blitzer and Nicole Seligman as Class II directors at the June 5, 2025 annual meeting, with votes for exceeding 204 million each amid 11.7 million withheld and 33.6 million broker non-votes. They ratified Grant Thornton LLP as auditors for the fiscal year ending December 31, 2025, garnering 248.8 million yes votes against just 486,350 no. Governance stays steady.
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