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Intuitive Machines, Inc. LUNR Business Segments — Business development

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Other financials

Income statement

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Revenue$186.7M+199%
Gross profit-$15.5M-244%
Operating income-$39.2M-289%
Net income-$37.4M-228%
EPS (diluted)-$0.25-127%

Balance sheet

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Cash & equivalents$243.4M-35.2%
Total debt$426.4M+1,041%
Total equity-$334.3M-144%
Total assets$1.7B+244%

Cash flow

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Operating cash flow-$54.8M-382%
CapEx$9.9M+61.3%
Free cash flow-$64.6M-586%

Valuation

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Market cap$2.63B+120%
Enterprise value$2.81B+218%
P/S7.9×+2.6×

Profitability

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Gross margin-10.2%-12.5pp
Operating margin-34.8%+7.1pp
Net margin-32.7%-12.8pp
FCF margin-40.1%+286pp

Returns & leverage

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Return on equity46.4%
Debt / equity-1.3×
Current ratio1.2×-3.2×

Where this comes from

Reported directly by Intuitive Machines, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BusinessDevelopment.

The source filing: Intuitive Machines, Inc.’s 10-Q, filed May 15, 2026.

Filed
May 14, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-035236

(2) General and administrative expense includes sales and marketing expense primarily related to business development expenses such as, expenses such as, employee compensation and benefits, subcontract costs, marketing, and materials and supplies costs. Costs incurred for business development were $1.2 million and $0.5 million, for the three months ended March 31, 2026 and 2025, respectively.

Item 1. Financial Statements

FAQ

What is Intuitive Machines, Inc.'s business segments — business development?
Intuitive Machines, Inc. (LUNR) reported business segments — business development of $1.2M in Q1 2026.
How has Intuitive Machines, Inc.'s business segments — business development changed year-over-year?
Intuitive Machines, Inc.'s business segments — business development increased by 140.0% year-over-year, from $500K to $1.2M.
What is the long-term trend for Intuitive Machines, Inc.'s business segments — business development?
Over 2 years (2023 to 2025), Intuitive Machines, Inc.'s business segments — business development has grown at a -18.8% compound annual growth rate (CAGR), from $4.4M to $2.9M.
What does business segments — business development mean?
This metric tracks the costs associated with identifying, pursuing, and securing new commercial opportunities, partnerships, or government contracts for the segment. It reflects the investment made in expanding the segment's market presence and pipeline. High spending here is often a leading indicator of future revenue growth potential.

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