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Segments

By segment

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Reportable Segment$5.59M+514%

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:ResearchAndDevelopmentExpense.

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
Cost of grant revenue (excluding depreciation and amortization)3,101
Cost of service revenue (excluding depreciation and amortization) - affiliated companies5,9496,922
Depreciation and amortization13,048623
Research and development5,589911
General and administrative expense (excluding depreciation and amortization)50,67115,220
Total operating expenses225,93172,601
Operating loss(39,201)(10,077)
Other income (expense), net:

Item 1. Financial Statements

FAQ

What is Intuitive Machines, Inc.'s R&D?
Intuitive Machines, Inc. (LUNR) reported R&D of $5.59M in Q1 2026.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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