Intuitive Machines, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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, 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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(37,231) | $(101,376) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 1,375 | 837 |
| Bad debt expense | 135 | 440 |
| Share-based compensation expense | 5,364 | 5,895 |
| Change in fair value of earn-out liabilities | 33,369 | 488 |
| Change in fair value of warrant liabilities | (29,969) | 2,955 |
| Loss on issuance of securities | — | 68,080 |
| Other | 177 | 154 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable, net | 8,053 | (21,821) |
| Accounts receivable - affiliated companies | (16) | — |
| Contract assets | 26,154 | (834) |
| Prepaid expenses | (1,131) | (172) |
| Other assets, net | 1,107 | 244 |
| Accounts payable and accrued expenses | 305 | 7,145 |
| Accounts payable – affiliated companies | 1,558 | (37) |
| Contract liabilities – current and long-term | (7,876) | (3,150) |
| Other liabilities | (1,218) | 3,450 |
| Net cash provided by (used in) operating activities | 156 | (37,702) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (14,176) | (3,793) |
| Net cash used in investing activities | (14,176) | (3,793) |
| Cash flows from financing activities: | ||
| Warrants exercised | 176,620 | 51,360 |
| Redemption of warrants | (66) | — |
| Transaction costs | — | (437) |
| Repurchase of Class A Common Stock | (20,700) | — |
| Proceeds from borrowings | — | 10,000 |
| Repayment of loans | — | (15,000) |
| Proceeds from issuance of securities | — | 27,481 |
| Payment of withholding taxes from share-based awards | (4,540) | (2,123) |
| Stock option exercises | — | 300 |
| Distributions to noncontrolling interests | — | (973) |
| Net cash provided by financing activities | 151,314 | 70,608 |
| Net increase in cash, cash equivalents and restricted cash | 137,294 | 29,113 |
| Cash, cash equivalents and restricted cash at beginning of the period | 209,649 | 4,560 |
| Cash, cash equivalents and restricted cash at end of the period | 346,943 | 33,673 |
| Less: restricted cash | 2,042 | 2,042 |
| Cash and cash equivalents at end of the period | $344,901 | $31,631 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $— | $371 |
| Cash paid for taxes | $— | $274 |
| Accrued capital expenditures | $4,442 | $— |
| Noncash financing activities: | ||
| Issuance of Class C Common Stock related to earn-out awards (Note 2) | $167,525 | $— |
| Conversion of Series A preferred stock (Note 7) | $— | $23,120 |
| Preferred dividends | $(298) | $(608) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.