Intuitive Machines, Inc. income statement
In fiscal 2025, Intuitive Machines, Inc. reported revenue of $210m, down 7.9% on the year before, operating income of −$87.2m (a -41.5% margin) and net income of −$83.3m, or −$0.73 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 86 | 80 | 228 | 210 | 490 |
| General and administrative | 16 | 34 | 53 | 93 | 171 |
| Operating income | −7 | −61 | −57 | −87 | −135 |
| Interest expense | — | — | 0 | 4 | 13 |
| Income before tax | −8 | 10 | −347 | −103 | −181 |
| Income tax | −0 | 0 | 0 | 4 | 4 |
| Net income | −0 | 62 | −283 | −83 | −131 |
| Diluted EPS | — | $2.42 | −$4.63 | −$0.73 | −$0.95 |
| Diluted shares (average) | — | 26m | 61m | 115m | 137m |
| EBITDA | −6 | −60 | −56 | −84 | −105 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 55 | 63 | 50 | 52 | 45 | 187 | 206 |
| Research and development | — | — | 1 | 0 | — | — | 6 | 8 |
| General and administrative | 12 | 14 | 15 | 16 | 20 | 40 | 51 | 60 |
| Operating income | −14 | −13 | −10 | −29 | −15 | −33 | −39 | −47 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 3 | 5 | 4 |
| Income before tax | −80 | −165 | 1 | −38 | −10 | −56 | −53 | −63 |
| Income tax | 0 | −0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Net income | −55 | −149 | −11 | −25 | −7 | −40 | −37 | −46 |
| Diluted EPS | −$0.83 | −$2.08 | −$0.11 | −$0.22 | −$0.06 | −$0.35 | −$0.25 | −$0.29 |
| EBITDA | −13 | −13 | −9 | −28 | −15 | −32 | −26 | −32 |
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