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 Statements of Operations
(in thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Product revenue | $141,554 | $— |
| Service revenue | 42,076 | 62,524 |
| Grant revenue | 3,100 | — |
| Total revenues | 186,730 | 62,524 |
| Operating expenses: | ||
| Cost of product revenue (excluding depreciation and amortization) | 113,913 | — |
| Cost of service revenue (excluding depreciation and amortization) | 33,660 | 48,925 |
| Cost of grant revenue (excluding depreciation and amortization) | 3,101 | — |
| Cost of service revenue (excluding depreciation and amortization) - affiliated companies | 5,949 | 6,922 |
| Depreciation and amortization | 13,048 | 623 |
| Research and development | 5,589 | 911 |
| General and administrative expense (excluding depreciation and amortization) | 50,671 | 15,220 |
| Total operating expenses | 225,931 | 72,601 |
| Operating loss | (39,201) | (10,077) |
| Other income (expense), net: | ||
| Interest income | 1,431 | 1,419 |
| 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 |
| Change in fair value of contingent consideration liabilities | (521) | — |
| Other income, net | 72 | 26 |
| Total other income (expense), net | (13,325) | 11,052 |
| Income (loss) before income taxes | (52,526) | 975 |
| Income tax expense | (2) | — |
| Net income (loss) | (52,528) | 975 |
| Net income (loss) attributable to redeemable noncontrolling interest | (15,484) | 11,909 |
| Net income attributable to noncontrolling interest | 343 | 462 |
| Net loss attributable to the Company | (37,387) | (11,396) |
| Less: Preferred dividends | (162) | (147) |
| Net loss attributable to Class A common shareholders | $(37,549) | $(11,543) |
| Net loss per share | ||
| Net loss per share of Class A common stock - basic and diluted | $(0.25) | $(0.11) |
| Weighted-average common shares outstanding | ||
| Weighted average shares outstanding - basic and diluted | 147,878,006 | 107,081,918 |
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