Filing Flows › Intuitive Machines (LUNR) › Q1 2025
Intuitive Machines (LUNR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Intuitive Machines (LUNR) reported revenue of $62.5M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +14% from the quarter before. Operating margin was -16.1%, net earnings $975K (1.6% of revenue).
Intuitive Machines, Q1 2025: revenue $62.5M (-15% year over year), operating margin -16.1%, net earnings $975K, operating cash flow $19.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.5M | +14% | -15% |
| Operating profit | −$10.1M | — | — |
| Net earnings | $975K | — | — |
| Operating cash flow | $19.4M | — | — |
| Free cash flow | $13.3M | — | — |
What changed
Revenue was $62.5M in Q1 2025, down 15% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $10.1M, an operating margin of -16.1%. Total costs fell 4% while revenue fell 15%. Net earnings were −$11.4M. The effective tax rate was 0.0%. Non-operating items added $11.1M, 1134% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $19.4M, 1992% of net income including minority interests. Non-cash charges added back $623K of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $15.0M. After purchases of property and equipment ($6.1M), free cash flow as the company reports it was $13.3M.
Questions
What was Intuitive Machines' revenue in the first quarter 2025?
Intuitive Machines (LUNR) reported revenue of $62.5M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +14% from the quarter before.
Was Intuitive Machines profitable in the first quarter 2025?
Operating loss was $10.1M (-16.1% of revenue) and net earnings $975K.
Source: Intuitive Machines 10-Q on SEC EDGAR.