From GlobeNewswire: 2025-03-24 07:29:00

Intuitive Machines, Inc. announced its financial results for Q4 and full-year 2024, reporting a record backlog of $328.3 million, a 22% increase year-over-year. Revenue for Q4 was $54.7 million, up 79% year-over-year, with a positive gross margin. The company ended 2024 with $207.6 million in cash and aims for $250-$300 million revenue in 2025.

CEO Steve Altemus highlighted the company’s financial stability, debt-free status, and readiness for growth. Intuitive Machines achieved significant milestones, including the southernmost lunar landing on the Moon’s South pole and expanding customer diversification with new contracts. The company is focused on defining its future and industry growth beyond NASA and cislunar space.

Intuitive Machines will host a conference call on March 24, 2025, to discuss its financial results. The company’s offerings include space technology, infrastructure, and services, aiming to disrupt lunar access economics. Adjusted EBITDA, free cash flow, and backlog figures were provided as key business metrics and non-GAAP financial measures for investors’ reference.

Key highlights from Intuitive Machines’ financial report include a record backlog of $328.3 million, a revenue of $54.7 million in Q4, and a cash balance of $207.6 million at the end of 2024. The company aims for $250-$300 million revenue in 2025 and positive run-rate Adjusted EBITDA by the end of the year. Intuitive Machines focuses on disrupting lunar access economics and expanding its reach in the industry.



Read more at GlobeNewswire:: Intuitive Machines Reports Fourth Quarter and Full-Year