From GlobeNewswire: 2025-05-13 07:30:00

Intuitive Machines, Inc. announced financial results for Q1 2025, with CEO Steve Altemus highlighting the company’s performance and emphasis on innovation. Key highlights include completion of Lunar Terrain Vehicle Services design review, a NASA contract under NextSTEP 2, and successful lunar missions. Revenue for Q1 was $62.5 million, up 14% from Q4, with positive gross margin and operating cash flow.

The company anticipates positive adjusted EBITDA by the end of 2025 and in 2026. Intuitive Machines plans to leverage federal opportunities and expand into adjacent markets like National Security Space. The company aims to be a broader infrastructure and data services provider in the space economy. Full-year revenue outlook for 2025 is $250-$300 million.

Intuitive Machines will host a conference call on May 13, 2025, at 8:30 am Eastern Time to discuss the financial results. Adjusted EBITDA, a key performance measure used by the management team, excludes non-operating sources and highlights trends in the company’s operating results. Free cash flow, a liquidity indicator, is calculated as net cash provided by operating activities less purchases of property and equipment.

The company’s backlog as of March 31, 2025, was $272.3 million, a decrease of $56.0 million compared to December 31, 2024. This decrease was primarily due to continued performance on existing contracts and new awards associated with federal services contracts. Intuitive Machines aims to strengthen its position in the space industry and drive long-term shareholder value.

Intuitive Machines is a diversified space technology, infrastructure, and services company focused on disrupting lunar access economics. The company’s products and services are focused on Delivery Services, Data Transmission Services, and Infrastructure as a Service. With successful lunar missions and a strong financial outlook, Intuitive Machines aims to be a key player in the space economy.



Read more at GlobeNewswire:: Intuitive Machines Reports First Quarter 2025 Financial