Intuitive Machines, Inc.

For the period ended Mar 31, 2026. Filed May 15, 2026.

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.

Mar 31, 2026 · Filed May 15, 2026

LUNR$11.81-1.9%Stored close · as of Nov 10, 2026

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

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Contents

Unaudited Condensed Consolidated Statements of Shareholders’ Deficit

Condensed Consolidated Statements of Shareholders’ Deficit

(In thousands except per share data)

Three Months Ended March 31, 2026
Common StockClass A · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Shareholders’ Deficit attributable to the Company · NCI · Total Shareholders’ Deficit
Shares · Amount · Shares · Amount
Balance, December 31, 2025	123,472,960	$12	58,628,185	$6		$(33,525)		$—		$(721,457)		$(754,964)		$517		$(754,447)
Share-based compensation expense	—	—	—	—		—		8,842		—		8,842		—		8,842
Cumulative preferred dividends	—	—	—	—		—		(162)		—		(162)		—		(162)
Accretion of preferred stock discount	—	—	—	—		—		(1)		—		(1)		—		(1)
Acquisition of Lanteris and related adjustments (Notes 3)	22,991,028	2	—	—		—		403,687		—		403,689		—		403,689
Class A common stock issued related to contingency consideration release (Notes 3 and 16)	13,336	—	—	—		—		—		—		—		—		—
Class A common stock issued related to Securities Purchase Agreement (Note 12)	11,574,069	1	—	—		—		167,449		—		167,450		—		167,450
Class A common stock issued related to RSU and RSS awards	2,325,590	1	—	—		—		(1)		—		—		—		—
Class A common stock issued for Class C shares canceled	1,633,818	—	(1,633,818)	—		—		—		—		—		—		—
Subsequent remeasurement of redeemable noncontrolling interests	—	—	—		—		—		(579,814)		458,050		(121,764)		—		(121,764)
Net income attributable to noncontrolling interest	—	—	—		—		—		—		—		—		343		343
Net loss attributable to the Company	—	—	—		—		—		—		(37,387)		(37,387)		—		(37,387)
Balance, March 31, 2026	162,010,801	$16	56,994,367	$6		$(33,525)		$—		$(300,794)		$(334,297)		$860		$(333,437)

Three Months Ended March 31, 2025
Common StockClass A · Common StockClass C · Treasury Stock · Paid-in Capital · Accumulated Deficit · Shareholders’ Deficit attributable to the Company · NCI · Total Shareholders’ Deficit
Shares · Amount · Shares · Amount
Balance, December 31, 2024	101,859,000	$10		55,394,533	$6		$(12,825)			$—			$(996,453)			$(1,009,262)			$1,228			$(1,008,034)
Share-based compensation expense	—	—		—	—		—			2,844			—			2,844			—			2,844
Cumulative preferred dividends	—	—		—	—		—			(147)			—			(147)			—			(147)
Accretion of preferred stock discount	—	—		—	—		—			(2)			—			(2)			—			(2)
Class A common stock issued for warrants exercised, net of redemption cost	15,358,229	2		—	—		—		176,552			—			176,554			—			176,554
Repurchase of Class A common stock	—	—		—	—		(20,700)			—			—			(20,700)			—			(20,700)
Class A common stock issued for stock options exercised	18,790	—		—	—		—			(69)			—			(69)			—			(69)
Class A common stock issued for vested RSUs and PSUs	500,580	—		—	—		—			(3,436)			—			(3,436)			—			(3,436)
Class A common stock issued for Class C shares canceled	1,592,729		(1,592,729)			—		—			—			—			—			—
Issuance of Class C common stock related to earn-out awards (Note 16)	—	—		7,500,000	—		—			167,525			—			167,525			—			167,525
Subsequent remeasurement of redeemable noncontrolling interests	—	—		—	—		—			(343,267)			904,443			561,176			—			561,176
Net income attributable to noncontrolling interest	—	—		—	—		—			—			—			—			462			462
Net loss attributable to the Company	—	—		—	—		—			—			(11,396)			(11,396)			—			(11,396)
Balance, March 31, 2025	119,329,328	$12		61,301,804	$6		$(33,525)			$—			$(103,406)			$(136,913)			$1,690			$(135,223)

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