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Intuitive Machines, Inc. LUNR Business Segments — Operating Income (Loss)

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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$2.4B+94.4%
Enterprise value$2.58B+180%
P/S7.2×+1.7×

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:OperatingIncomeLoss.

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
Line itemThree Months Ended March 31, 20262025
Depreciation and amortization13,048623
Research and development5,589911
General and administrative expense (excluding depreciation and amortization)(2)(3)50,67115,220
Operating loss(36,100)(10,077)
Interest income1,4311,419
Interest expense(4,885)(26)
Change in fair value of earn-out liabilities(33,369)
Change in fair value of warrant liabilities(9,422)43,002

Item 1. Financial Statements

FAQ

What is Intuitive Machines, Inc.'s business segments — operating income (loss)?
Intuitive Machines, Inc. (LUNR) reported business segments — operating income (loss) of -$36.1M in Q1 2026.
How has Intuitive Machines, Inc.'s business segments — operating income (loss) changed year-over-year?
Intuitive Machines, Inc.'s business segments — operating income (loss) decreased by 258.2% year-over-year, from -$10.08M to -$36.1M.
What is the long-term trend for Intuitive Machines, Inc.'s business segments — operating income (loss)?
Over 2 years (2023 to 2025), Intuitive Machines, Inc.'s business segments — operating income (loss) has grown at a 19.5% compound annual growth rate (CAGR), from -$61.12M to -$87.23M.
What does business segments — operating income (loss) mean?
This is the profit or loss generated from the segment's core business operations, calculated by subtracting operating expenses from total revenues. It is the primary indicator of the segment's ability to generate sustainable value independent of financing or tax structures.

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