Intuitive Machines Reports Third Quarter 2026 Financial Results; Reports Record Financials Across The Board - Revenue, Profitability, Positive Cash Flow, and Backlog

(NASDAQ:LUNR) Intuitive Machines, Inc. announced its financial results for the third quarter ended September 30, 2026. The company was awarded as a vendor for NASA’s $10 billion (+$5 billion option) IDIQ contract in Q4 for the next-generation Commercial Lunar Payload Services 2 (CLPS 2) contract, supporting advanced cargo missions and Moon Base infrastructure. Intuitive Machines booked $450 million of new awards and Goonhilly acquired backlog, primarily driven by the Accelerated Missile Defense Tranche 3 (AMDT3) constellation, NASA's Jet Propulsion Laboratory EAGLE-VSWIR, and Hartford, two IM 300™ series platforms for a National Security Space application. The company contracted with NASA's Jet Propulsion Laboratory for FALCON-RADAR in Q4, which is part of the Fleet for the Atmospheric Linking Commercial Observations with NASA, an Earth observation mission. Plans were accelerated for the Near Space Network cislunar constellation, Altus-2 through Altus-5, to deploy together in 2028 on a NASA-provided launch vehicle. Intuitive Machines closed the acquisition of Goonhilly Earth Station and COMSAT to expand its space-to-ground data services network, supporting missions across LEO, MEO, GEO, cislunar, and deep space environments. The company achieved record quarterly revenue of $269 million, driven by execution across satellite production, lunar delivery, lunar data services, and ground communication networks. Record gross margin was $69 million or 26%, attributed to increased contribution from satellite production, higher volume, and net favorable one-time program adjustments, including EAC and other cost adjustments. Record quarterly cash from operations was positive $66 million, with capital expenditures of $33 million, resulting in positive free cash flow of $33 million. Intuitive Machines ended Q3 with a record backlog of $1.9 billion, an increase of $1.7 billion from year-end 2025, reflecting record levels of diverse awards across civil, commercial, and national security space customers. The company remains focused on IM-3 and the first Altus-1 lunar satellite, which is on track for a planned launch in the March/April 2027 timeframe. The company expects to convert contracted backlog into revenue through repeatable production, operational excellence, and reliable customer delivery. Full-year 2026 revenue is projected at $920 - $950 million, with full-year 2026 Adjusted EBITDA expected to be positive. Intuitive Machines will host a conference call on November 12, 2026, at 8:30 am Eastern Time to discuss these results. The company defines and reports non-GAAP financial measures including Adjusted EBITDA, Free Cash Flow, and Backlog, with reconciliations provided in the release.

Intuitive Machines Selected to Provide Spacecraft Platform and Mission Solutions for NASA's FALCON-RADAR Earth Science Mission

(NASDAQ:LUNR) Intuitive Machines, Inc. announced it has been selected by NASA's Jet Propulsion Laboratory (JPL) to provide the spacecraft platform and system-level integration for the FALCON-RADAR Earth observation mission. FALCON-RADAR is part of the Fleet for the Atmospheric Linking Commercial Observations with NASA and will fly on the IM 300™ spacecraft bus, with a targeted launch date of no earlier than 2029. The mission will consist of a single polar-orbiting, sun-synchronous satellite equipped with a W-Band Cloud Profiling Doppler Radar instrument designed to observe shallow light precipitation and small-scale cloud dynamics. The FALCON-RADAR mission may support advances towards Moon and Mars applications through millimeter-wavelength radar technology. As part of the FALCON fleet, FALCON-RADAR will supply two-dimensional cloud context and detect convection, and its data will be used alongside water vapor and aerosol measurements from other missions to enable deeper atmospheric science analysis. The FALCON-RADAR spacecraft is being developed in collaboration with EAGLE-VSWIR, another NASA mission recently awarded to Intuitive Machines, and together these missions will provide complementary science data. This award marks the third Intuitive Machines mission supporting NASA's Earth science objectives in the last six months. In addition to FALCON-RADAR and EAGLE-VSWIR, Intuitive Machines is providing an IM 500™ spacecraft bus, system-level integration, and mission solutions for NASA's EDGE (Earth Dynamics Geodetic Explorer) mission, managed by NASA's Goddard Space Flight Center and led by Principal Investigator Dr. Helen Amanda Fricker of the Scripps Institution of Oceanography at the University of California San Diego. Steve Altemus, Chief Executive Officer of Intuitive Machines, stated that the company's reliable and modular platforms align with NASA's goal of delivering more science on faster timelines and that Earth science is a natural fit for their capabilities. The IM 300™ series platform currently supports multiple programs spanning both national security and civil space applications. These three awards demonstrate the diversification of the Intuitive Machines portfolio and underscore the company's platform extensibility and mission expertise. Intuitive Machines' commercial spacecraft platforms and integration capabilities enable efficient, affordable execution of science missions.

Intuitive Machines Completes Acquisition of Goonhilly Earth Station and COMSAT

(NASDAQ:LUNR) Intuitive Machines, Inc. announced it has completed its previously announced acquisition of Goonhilly Earth Station Limited and completed the acquisition of COMSAT LLC, both deep space communications providers with major ground station assets in the United Kingdom and the United States. The company has built more than 300 spacecraft and delivered over 260 kilograms of payload to the lunar surface. Goonhilly provides Earth-to-space connectivity for spacecraft operating beyond geostationary orbit and delivers sovereign radio frequency Space Domain Awareness (SDA) data. COMSAT operates a portfolio of over 90 hosted and leased antennas and has supported satellite operators, service integrators, downstream data users, and government customers for more than five decades. IM-3, part of NASA’s CLPS initiative, returns Intuitive Machines to the Moon for the third time, while the Altus-1 mission launches the company’s first lunar data relay satellite. The company intends to leverage its expanded network for upcoming IM‑3 and Altus‑1 missions. The company projects increased capacity for communications, data transport, and PNT services, enabling customers to execute more complex operations with greater confidence and at a faster cadence.

Intuitive Machines Reports First Quarter 2026 Financial Results; Posts Record Quarterly Revenue, Gross Margin, and Positive Adjusted EBITDA along with Record Quarter-end Backlog of $1.1 Billion

Intuitive Machines, Inc. (NASDAQ:LUNR) announced its financial results for the first quarter ended March 31, 2026, reporting record quarterly revenue of $186.7 million, nearly three times the prior year, and a positive Adjusted EBITDA of $2.7 million. The company closed an $800 million acquisition of Lanteris Space Systems and signed a definitive agreement in Q2 to acquire Goonhilly Earth Station and its COMSAT subsidiary. Intuitive Machines was awarded $428.9 million in new contracts, including a $180.4 million CLPS contract from NASA, and ended Q1 with a record backlog of $1.1 billion, an $842 million increase from year-end 2025. The company projects full-year 2026 revenue of $900 million to $1 billion and expects to remain Adjusted EBITDA positive.