Intuitive Machines, Inc.
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
View on SEC.govAbout 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.
Jun 30, 2026 · Filed Aug 13, 2026
LUNR$11.81-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Shareholders’ Deficit
Condensed Consolidated Statements of Shareholders’ Deficit
(In thousands except per share data)
| Three Months Ended June 30, 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, March 31, 2026 | 162,010,801 | $16 | 56,994,367 | $6 | $(33,525) | $— | $(300,794) | $(334,297) | $860 | $(333,437) | |||||||
| Share-based compensation expense | — | — | — | — | — | 10,491 | — | 10,491 | — | 10,491 | |||||||
| Cumulative preferred dividends | — | — | — | — | — | (167) | — | (167) | — | (167) | |||||||
| Accretion of preferred stock discount | — | — | — | — | — | (2) | — | (2) | — | (2) | |||||||
| Acquisition of Lanteris and related adjustments (Notes 3) | — | — | — | — | — | 7 | — | 7 | — | 7 | |||||||
| Class A common stock issued related to contingency consideration release (Note 3) | 254 | — | — | — | — | — | — | — | — | — | |||||||
| Class A common stock issued related to the ATM Program (Note 12) | 8,259,379 | 1 | — | — | — | 234,613 | — | 234,614 | — | 234,614 | |||||||
| Class A common stock issued for stock options exercised | 82,149 | — | — | — | — | (1,232) | — | (1,232) | — | (1,232) | |||||||
| Class A common stock issued related to RSU and RSS awards | 224,883 | — | — | — | — | — | — | — | — | — | |||||||
| Class A common stock issued for Class C shares canceled | 1,143,363 | — | (1,143,363) | — | — | — | — | — | — | — | |||||||
| Distribution to noncontrolling interests | — | — | — | — | — | — | — | — | (678) | (678) | |||||||
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (243,710) | 90,092 | (153,618) | — | (153,618) | |||||||
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 385 | 385 | |||||||
| Net loss attributable to the Company | — | — | — | — | — | — | (46,445) | (46,445) | — | (46,445) | |||||||
| Balance, June 30, 2026 | 171,720,829 | $17 | 55,851,004 | $6 | $(33,525) | $— | $(257,147) | $(290,649) | $567 | $(290,082) | |||||||
| Six Months Ended June 30, 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 | — | — | — | — | — | 19,333 | — | 19,333 | — | 19,333 | |||||||
| Cumulative preferred dividends | — | — | — | — | — | (329) | — | (329) | — | (329) | |||||||
| Accretion of preferred stock discount | — | — | — | — | — | (3) | — | (3) | — | (3) | |||||||
| Acquisition of Lanteris and related adjustments (Notes 3) | 22,991,028 | 2 | — | — | — | 403,694 | — | 403,696 | — | 403,696 | |||||||
| Class A common stock issued related to contingency consideration release (Note 3) | 13,590 | — | — | — | — | — | — | — | — | — | |||||||
| Class A common stock issued related to the ATM Program (Note 12) | 8,259,379 | 1 | — | — | — | 234,613 | — | 234,614 | — | 234,614 | |||||||
| 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 for stock options exercised | 82,149 | — | — | — | — | (1,232) | — | (1,232) | — | (1,232) | |||||||
| Class A common stock issued related to RSU and RSS awards | 2,550,473 | 1 | — | — | — | (1) | — | — | — | — | |||||||
| Class A common stock issued for Class B canceled | — | — | — | — | — | — | — | — | — | — | |||||||
| Class A common stock issued for Class C shares canceled | 2,777,181 | — | (2,777,181) | — | — | — | — | — | — | — | |||||||
| Distribution to noncontrolling interests | — | — | — | — | — | — | — | — | (678) | (678) | |||||||
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (823,524) | 548,142 | (275,382) | — | (275,382) | |||||||
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 728 | 728 | |||||||
| Net loss attributable to the Company | — | — | — | — | — | — | (83,832) | (83,832) | — | (83,832) | |||||||
| Balance, June 30, 2026 | 171,720,829 | $17 | 55,851,004 | $6 | $(33,525) | $— | $(257,147) | $(290,649) | $567 | $(290,082) | |||||||
| Three Months Ended June 30, 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, March 31, 2025 | 119,329,328 | $12 | 61,301,804 | $6 | $(33,525) | $— | $(103,406) | $(136,913) | $1,690 | $(135,223) |
| Share-based compensation expense | — | — | — | — | — | 2,520 | — | 2,520 | — | 2,520 |
| Cumulative preferred dividends | — | — | — | — | — | (151) | — | (151) | — | (151) |
| Accretion of preferred stock discount | — | — | — | — | — | (1) | — | (1) | — | (1) |
| Class A common stock issued for stock options exercised | 42,672 | — | — | — | — | (273) | — | (273) | — | (273) |
| Class A common stock issued for vested RSUs and PSUs | 236,065 | — | — | — | — | (762) | — | (762) | — | (762) |
| Class A common stock issued for Class C shares canceled | 241,524 | — | (241,524) | — | — | — | — | — | — | — |
| Subsequent remeasurement of redeemable noncontrolling interests | — | — | — | — | — | (1,333) | (219,102) | (220,435) | — | (220,435) |
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 383 | 383 |
| Net loss attributable to the Company | — | — | — | — | — | — | (25,181) | (25,181) | — | (25,181) |
| Balance, June 30, 2025 | 119,849,589 | $12 | 61,060,280 | $6 | $(33,525) | $— | $(347,689) | $(381,196) | $2,073 | $(379,123) |
| Six Months Ended June 30, 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 | — | — | — | — | — | 5,364 | — | 5,364 | — | 5,364 |
| Cumulative preferred dividends | — | — | — | — | — | (298) | — | (298) | — | (298) |
| Accretion of preferred stock discount | — | — | — | — | — | (3) | — | (3) | — | (3) |
| Class A common stock issued for warrants exercised, net of redemption cost (Note 13) | 15,358,229 | 2 | — | — | — | 176,552 | — | 176,554 | — | 176,554 |
| Repurchase of Class A common stock (Note 12) | — | — | — | — | (20,700) | — | — | (20,700) | — | (20,700) |
| Class A common stock issued for stock options exercised | 61,462 | — | — | — | — | (342) | — | (342) | — | (342) |
| Class A common stock issued for vested RSUs and PSUs | 736,645 | — | — | — | — | (4,198) | — | (4,198) | — | (4,198) |
| Class A common stock issued for Class C shares canceled | 1,834,253 | — | (1,834,253) | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | (344,600) | 685,341 | 340,741 | — | 340,741 |
| Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | 845 | 845 |
| Net loss attributable to the Company | — | — | — | — | — | — | (36,577) | (36,577) | — | (36,577) |
| Balance, June 30, 2025 | 119,849,589 | $12 | 61,060,280 | $6 | $(33,525) | $— | $(347,689) | $(381,196) | $2,073 | $(379,123) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.