Filing Flows › Intuitive Machines (LUNR) › Q1 2026 › vs Q1 2025
Intuitive Machines (LUNR) Q1 2026 vs Q1 2025 (year over year)
Intuitive Machines's revenue rose $124M (+199%) from $62.5M in Q1 2025 to $187M in Q1 2026. The biggest changes: Product revenue +$142M (—); Service revenue −$20.4M (-33%); Other revenues +$3.1M (—).
Intuitive Machines, Q1 2026: revenue $187M (+199% year over year), operating margin -21.0%, net loss $52.5M, operating cash flow −$54.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Product revenue | $142M | $0 | $142M | — |
| Service revenue | $42.1M | $62.5M | −$20.4M | -33% |
| Other revenues | $3.1M | $0 | $3.1M | — |
| Revenue | $187M | $62.5M | $124M | +199% |
| Net loss | $52.5M | −$975K | $53.5M | — |
| Costs & expenses | $239M | $73.6M | $166M | +225% |
| Operating costs | $226M | $72.6M | $153M | +211% |
| Interest & other, net | $13.3M | −$11.1M | $24.4M | — |
| Income tax | $2K | $0 | $2K | — |
| Research & development | $5.6M | $911K | $4.7M | +514% |
| General & admin | $50.7M | $15.2M | $35.5M | +233% |
| Other operating costs | $170M | $56.5M | $113M | +200% |
| Operating cash sources | $76.7M | −$16.0M | $92.6M | — |
| Depreciation & amortization | $13.0M | $623K | $12.4M | 21× |
| Share-based compensation | $8.8M | $2.8M | $6.0M | +211% |
| Cash used in operations | $54.8M | −$19.4M | $74.2M | — |
| Net loss absorbed | $52.5M | −$975K | $53.5M | — |
| Working capital & other | $24.1M | −$15.0M | $39.1M | — |
Questions
How much did Intuitive Machines's revenue grow year over year in Q1 2026?
Intuitive Machines's revenue rose $124M (+199%) from $62.5M in Q1 2025 to $187M in Q1 2026.
What drove Intuitive Machines's revenue change in Q1 2026?
Product revenue +$142M (—); Service revenue −$20.4M (-33%); Other revenues +$3.1M (—).