Intuitive Machines, Inc.

For the period ended Jun 30, 2025. Filed Aug 7, 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.

Jun 30, 2025 · Filed Aug 7, 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)

	June 30,2025	December 31,2024
ASSETS
Current assets
Cash and cash equivalents	$344,901	$207,607
Restricted cash	2,042	2,042
Trade accounts receivable	36,571	44,759
Contract assets	8,438	34,592
Prepaid and other current assets	4,801	4,161
Total current assets	396,753	293,161
Property and equipment, net	40,607	23,364
Operating lease right-of-use assets	37,662	38,765
Finance lease right-of-use assets	110	114
Other assets	507	—
Total assets	$475,639	$355,404
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expenses	$22,096	$17,350
Accounts payable - affiliated companies	4,308	2,750
Contract liabilities, current	68,426	65,184
Operating lease liabilities, current	2,119	2,021
Finance lease liabilities, current	41	37
Other current liabilities	10,305	11,489
Total current liabilities	107,295	98,831
Contract liabilities, non-current	3,215	14,334
Operating lease liabilities, non-current	35,136	35,259
Finance lease liabilities, non-current	49	63
Earn-out liabilities	—	134,156
Warrant liabilities	38,809	68,778
Other long-term liabilities	242	62
Total liabilities	184,746	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	6,291	5,990
Redeemable noncontrolling interests	663,725	1,005,965
SHAREHOLDERS’ DEFICIT
Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 119,849,589 and 101,859,000 shares issued, and 117,658,509 and 100,609,000 outstanding	12	10
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, 61,060,280 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	(347,689)	(996,453)
Total shareholders’ deficit attributable to the Company	(381,196)	(1,009,262)
Noncontrolling interests	2,073	1,228
Total shareholders’ deficit	(379,123)	(1,008,034)
Total liabilities, mezzanine equity and shareholders’ deficit	$475,639	$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.