LUNR·Space systems & launch economics — lunar landers, spacecraft/satellite manufacturing, space data & comms services

Intuitive Machines

ConvictionModerate

Government-contract-led space prime: cost-plus/fixed-price NASA CLPS & OMES task orders, Near Space Network Services (NSNS) comms, and (post-Lanteris) recurring satellite-bus production for national-security primes (L3Harris, SDA). Lumpy milestone revenue transitioning toward a recurring manufacturing + services backlog model.

Revenue

$186.7M Q1 FY26 / $210.1M FY25fact, Q1 FY26 & FY25 release

Rev growthfact

+199% YoY Q1 FY26vs $62.5M Q1 FY25); FY25 −7.9% YoY (vs $228.0M FY24

Gross margin

~9.7% TTMfact, est. from market data); Q1 FY26 gross margin not separately disclosed — low/transitional as Lanteris bus work ramps

Op marginfact

−21.0% Q1 FY26−$39.2M op loss / $186.7M rev) ; ~−34.8% TTM

Capex intensityfact

~5.3% Q1 FY26$9.9M capex / $186.7M rev

Market cap

~$4.4–4.6BJune 24, 2026; price ~$20.95 × ~159.4M sh) — fact, varies by source/date; ~$5.1B on June 8

Price · 1-year trend

real · weekly

$18.70+71% 1yUSD

52-week range

$8 – $44

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityModerate

Space / launch economics

Full context

The read

Where our coverage leans

Coverage leans bullish

Members only

Full financial intelligence for Intuitive Machines

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

See plans

Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence