Filing Flows › Intuitive Machines (LUNR) › Q2 2025
Intuitive Machines (LUNR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Intuitive Machines (LUNR) reported revenue of $50.3M for the second quarter 2025 (Q2 2025), +21% from a year earlier and -20% from the quarter before. Operating margin was -56.9%, net loss $38.2M (75.9% of revenue).
Intuitive Machines, Q2 2025: revenue $50.3M (+21% year over year), operating margin -56.9%, net loss $38.2M, operating cash flow −$19.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.3M | -20% | +21% |
| Operating profit | −$28.6M | — | — |
| Net earnings | −$38.2M | -4019% | — |
| Operating cash flow | −$19.3M | -199% | — |
What changed
Revenue was $50.3M in Q2 2025, up 21% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $28.6M, an operating margin of -56.9%. Total costs grew 14% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+6110%). The quarter ended with a net loss of $38.2M, after a profit of $1.0M the previous quarter. Minority interests bore $13.0M of it: to shareholders the quarter was a loss of $25.2M.
Operating cash flow was −$19.3M. Non-cash charges added back $752K of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $15.7M. Capital expenditures of $8.1M exceeded it, leaving free cash flow of −$27.3M.
Questions
What was Intuitive Machines' revenue in the second quarter 2025?
Intuitive Machines (LUNR) reported revenue of $50.3M for the second quarter 2025 (Q2 2025), +21% from a year earlier and -20% from the quarter before.
Was Intuitive Machines profitable in the second quarter 2025?
Operating loss was $28.6M (-56.9% of revenue) and net loss $38.2M.
Source: Intuitive Machines 10-Q on SEC EDGAR.