Filing Flows › Intuitive Machines (LUNR) › Q2 2026
Intuitive Machines (LUNR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Intuitive Machines (LUNR) reported revenue of $206M for the second quarter 2026 (Q2 2026), +310% from a year earlier and +10% from the quarter before. Operating margin was -22.9%, net loss $62.8M (30.5% of revenue).
Intuitive Machines, Q2 2026: revenue $206M (+310% year over year), operating margin -22.9%, net loss $62.8M, operating cash flow −$57.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $206M | +10% | +310% |
| Operating profit | −$47.1M | — | — |
| Net earnings | −$62.8M | — | — |
| Operating cash flow | −$57.1M | — | — |
What changed
Revenue was $206.2M in Q2 2026, up 310% year over year and up 10% from the previous quarter. Product revenue was the largest line at 81% of revenue. Service revenue declined 27%.
Operating costs exceeded revenue by $47.1M, an operating margin of -22.9%. Total costs grew 221% against revenue growth of 310%. The fastest-growing cost line was Research & development (+1577%). The quarter ended with a net loss of $62.8M, wider than the previous quarter's $52.5M loss. Minority interests bore $16.4M of it: to shareholders the quarter was a loss of $46.4M.
Operating cash flow was −$57.1M. Non-cash charges added back $14.9M of depreciation and amortization and $10.5M of share-based compensation. Working capital and other items used $19.7M. Capital expenditures of $24.1M exceeded it, leaving free cash flow of −$81.2M.
Questions
What was Intuitive Machines' revenue in the second quarter 2026?
Intuitive Machines (LUNR) reported revenue of $206M for the second quarter 2026 (Q2 2026), +310% from a year earlier and +10% from the quarter before.
Was Intuitive Machines profitable in the second quarter 2026?
Operating loss was $47.1M (-22.9% of revenue) and net loss $62.8M.
Source: Intuitive Machines 10-Q on SEC EDGAR.