Intuitive Machines, Inc.

For the period ended Mar 31, 2025. Filed May 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.

Mar 31, 2025 · Filed May 13, 2025

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

Condensed Consolidated Balance Sheets

(in thousands, except share data and par value)

	March 31,2025	December 31,2024
ASSETS
Current assets
Cash and cash equivalents	$373,253	$207,607
Restricted cash	2,042	2,042
Trade accounts receivable	29,342	44,759
Contract assets	21,515	34,592
Prepaid and other current assets	5,160	4,161
Total current assets	431,312	293,161
Property and equipment, net	29,793	23,364
Operating lease right-of-use assets	38,215	38,765
Finance lease right-of-use assets	118	114
Other assets	576	—
Total assets	$500,014	$355,404
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expenses	$24,135	$17,350
Accounts payable - affiliated companies	4,539	2,750
Contract liabilities, current	57,931	65,184
Operating lease liabilities, current	2,087	2,021
Finance lease liabilities, current	40	37
Other current liabilities	9,416	11,489
Total current liabilities	98,148	98,831
Contract liabilities, non-current	12,960	14,334
Operating lease liabilities, non-current	35,198	35,259
Finance lease liabilities, non-current	61	63
Earn-out liabilities	—	134,156
Warrant liabilities	25,776	68,778
Other long-term liabilities	257	62
Total liabilities	172,400	351,483
Commitments and contingencies (Note 12)
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	6,139	5,990
Redeemable noncontrolling interests	456,698	1,005,965
SHAREHOLDERS’ DEFICIT
Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 119,329,328 and 101,859,000 shares issued, and 117,138,248 and 100,609,000 outstanding	12	10
Class C common stock, $0.0001 par value, 100,000,000 shares authorized, 61,301,804 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	(103,406)	(996,453)
Total shareholders’ deficit attributable to the Company	(136,913)	(1,009,262)
Noncontrolling interests	1,690	1,228
Total shareholders’ deficit	(135,223)	(1,008,034)
Total liabilities, mezzanine equity and shareholders’ deficit	$500,014	$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.