Intuitive Machines, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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.
Mar 31, 2026 · Filed May 15, 2026
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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Condensed Consolidated Balance Sheets
(in thousands, except share data and par value)
| March 31,2026 | December 31,2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $231,624 | $582,606 |
| Restricted cash | 11,741 | 2,733 |
| Trade and other receivables, net of allowance for credit losses of $3,652 and $3,295, respectively | 105,788 | 12,193 |
| Contract assets | 48,022 | 12,236 |
| Inventory, net | 57,873 | — |
| Advances to suppliers | 25,896 | 3,353 |
| Prepaid and other current assets | 24,334 | 5,693 |
| Total current assets | 505,278 | 618,814 |
| Orbital receivables, non-current | 217,518 | — |
| Property and equipment, net | 244,220 | 68,550 |
| Intangible assets, net | 304,130 | 12,968 |
| Goodwill | 379,840 | 18,697 |
| Operating lease right-of-use assets | 66,032 | 36,755 |
| Finance lease right-of-use assets | 86 | 94 |
| Other assets | 843 | 1,276 |
| Total assets | $1,717,947 | $757,154 |
| LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $89,335 | $22,199 |
| Accounts payable - affiliated companies | 2,405 | 1,723 |
| Contract liabilities, current | 205,575 | 57,368 |
| Operating lease liabilities, current | 27,698 | 10,466 |
| Finance lease liabilities, current | 33 | 48 |
| Other current liabilities | 90,416 | 33,028 |
| Total current liabilities | 415,462 | 124,832 |
| Long-term debt, net | 335,844 | 335,335 |
| Contract liabilities, non-current | 2,731 | 6,341 |
| Pension and other postretirement benefits | 52,030 | — |
| Operating lease liabilities, non-current | 62,793 | 26,290 |
| Finance lease liabilities, non-current | 24 | 20 |
| Warrant liabilities | 69,816 | 60,394 |
| Other non-current liabilities | 48,092 | 240 |
| Total liabilities | 986,792 | 553,452 |
| Commitments and contingencies (Note 18) | ||
| 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 | 6,776 | 6,613 |
| Redeemable noncontrolling interests | 1,057,816 | 951,536 |
| SHAREHOLDERS’ DEFICIT | ||
| Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 162,010,801 and 123,472,960 shares issued, and 159,819,721 and 121,281,880 outstanding | 16 | 12 |
| 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, 56,994,367 and 58,628,185 shares issued and outstanding | 6 | 6 |
| Treasury stock, at cost, 2,191,080 shares | (33,525) | (33,525) |
| Paid-in capital | — | — |
| Accumulated deficit | (300,794) | (721,457) |
| Total shareholders’ deficit attributable to the Company | (334,297) | (754,964) |
| Noncontrolling interests | 860 | 517 |
| Total shareholders’ deficit | (333,437) | (754,447) |
| Total liabilities, mezzanine equity and shareholders’ deficit | $1,717,947 | $757,154 |
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