Intuitive Machines, Inc.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

LUNR$12.04+15.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share data and par value)

	September 30,2025	December 31,2024
ASSETS
Current assets
Cash and cash equivalents	$621,975	$207,607
Restricted cash	2,042	2,042
Trade accounts receivable	23,326	44,759
Contract assets	10,175	34,592
Prepaid and other current assets	8,466	4,161
Total current assets	665,984	293,161
Property and equipment, net	49,470	23,364
Operating lease right-of-use assets	36,741	38,765
Finance lease right-of-use assets	102	114
Other assets	1,233	—
Total assets	$753,530	$355,404
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expenses	$15,719	$17,350
Accounts payable - affiliated companies	2,226	2,750
Contract liabilities, current	66,158	65,184
Operating lease liabilities, current	6,252	2,021
Finance lease liabilities, current	42	37
Other current liabilities	15,624	11,489
Total current liabilities	106,021	98,831
Long-term debt	334,827	—
Contract liabilities, non-current	1,636	14,334
Operating lease liabilities, non-current	30,081	35,259
Finance lease liabilities, non-current	38	63
Earn-out liabilities	—	134,156
Warrant liabilities	36,859	68,778
Other long-term liabilities	239	62
Total liabilities	509,701	351,483
Commitments and contingencies (Note 13)
MEZZANINE EQUITY
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 5,000 and 5,000 shares issued and outstanding	6,451	5,990
Redeemable noncontrolling interests	640,660	1,005,965
SHAREHOLDERS’ DEFICIT
Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 120,074,013 and 101,859,000 shares issued, and 117,882,933 and 100,609,000 outstanding	12	10
Class B common stock, $0.0001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding	—	—
Class C common stock, $0.0001 par value, 100,000,000 shares authorized, 60,899,264 and 55,394,533 shares issued and outstanding	6	6
Treasury stock, at cost, 2,191,080 shares, at cost	(33,525)	(12,825)
Paid-in capital	—	—
Accumulated deficit	(370,667)	(996,453)
Total shareholders’ deficit attributable to the Company	(404,174)	(1,009,262)
Noncontrolling interests	892	1,228
Total shareholders’ deficit	(403,282)	(1,008,034)
Total liabilities, mezzanine equity and shareholders’ deficit	$753,530	$355,404

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.