A Business at a Glance
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Intuitive Machines, Inc. (formerly known as Inflection Point Acquisition Corp. or “IPAX”), collectively with its subsidiaries (the “Company,” “IM,” “Intuitive Machines,” “we,” “us” or “our”) is a space technology, infrastructure, and services company. We were founded in 2013 as Intuitive Machine, LLC and incorporated in February 2023 following the consummation of the Business Combination (as defined herein Note 1) of Intuitive Machines, Inc. and Intuitive Machines, LLC. As a space technology, infrastructure, and services company, we are contributing to the establishment of cislunar infrastructure and helping to develop cislunar and deep space commerce. Cislunar encompasses objects in orbit in the Earth-Moon system and on the Lunar surface, while deep space exploration is space beyond the Moon, including Mars.
| Metric | TTM | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 220M | 228M | 80M | 86M |
| Net Income | -193M | -284M | 59M | -190K |
| EPS | $-2.46 | $-4.63 | $2.42 | $-0.00 |
| Free Cash Flow | -40M | -68M | -75M | -16M |
| ROIC | -7.1% | -26.0% | -70.9% | -8.2% |
| Gross Margin | 12.6% | 16.5% | -27.0% | 12.1% |
| Debt/Equity | 0.00 | -0.04 | -0.20 | -0.73 |
| Dividends/Share | $0.00 | $0.00 | $0.04 | $0.00 |
| Operating Income | -68M | -57M | -61M | -5.5M |
| Operating Margin | -30.7% | -25.2% | -76.8% | -6.4% |
| ROE | 0.0% | - | - | - |
| Shares Outstanding | 119M | 178M | 178M | 122M |
| Metric | 2022 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 86M | 80M | 228M | 220M |
| Gross Margin | 12.1% | -27.0% | 16.5% | 12.6% |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | 15M | 34M | 53M | 66M |
| EBIT | -5.5M | -61M | -57M | -68M |
| Op. Margin | -6.4% | -76.8% | -25.2% | -30.7% |
| Net Income | -190K | 59M | -284M | -193M |
| Net Margin | -0.2% | 74.7% | -124.7% | -87.9% |
| Non-Recurring | 0 | 964K | 5.0M | 0 |
| Returns on Capital | ||||
| ROIC | -8.2% | -70.9% | -26.0% | -7.1% |
| ROE | N/A | N/A | N/A | 0.0% |
| ROA | -0.3% | 69.2% | -128.8% | -25.6% |
| Cash Flow | ||||
| Op. Cash Flow | 784K | -45M | -58M | -9.0M |
| Free Cash Flow | -16M | -75M | -68M | -40M |
| Owner Earnings | -912K | -51M | -68M | -20M |
| CapEx | 16M | 30M | 10M | 31M |
| Maint. CapEx | 1.1M | 1.4M | 1.9M | 2.7M |
| Growth CapEx | 15M | 29M | 8.3M | 28M |
| D&A | 1.1M | 1.4M | 1.9M | 2.7M |
| CapEx/OCF | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 8.0M | 0 | 0 |
| Dividend Yield | N/A | 0.5% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | 624K | 4.3M | 8.8M | 8.4M |
| Debt Repayment | 108K | 12M | 18M | 0 |
| Balance Sheet | ||||
| Net Debt | -9.7M | 42M | -378M | -909M |
| Cash & Equiv. | 26M | 4.5M | 208M | 1.2B |
| Long-Term Debt | 3.9M | 0 | 0 | 335M |
| Debt/Equity | -0.73 | -0.20 | -0.04 | 0.00 |
| Interest Coverage | -6.6 | -74.3 | -318.9 | -318.9 |
| Equity | -58M | -261M | -1.0B | -404M |
| Total Assets | 67M | 86M | 355M | 754M |
| Total Liabilities | 125M | 347M | 1.4B | 510M |
| Intangibles | N/A | N/A | N/A | N/A |
| Retained Earnings | -73M | -249M | -996M | -371M |
| Working Capital | -54M | -50M | 194M | 560M |
| Current Assets | 41M | 32M | 293M | 666M |
| Current Liabilities | 95M | 82M | 99M | 106M |
| Per Share Data | ||||
| EPS | -0.00 | 2.42 | -4.63 | -2.46 |
| Owner EPS | -0.01 | -0.29 | -0.38 | -0.17 |
| Book Value | -0.47 | -1.47 | -5.66 | -3.39 |
| Cash Flow/Share | 0.01 | -0.25 | -0.32 | -1.60 |
| Dividends/Share | 0.00 | 0.04 | 0.00 | 0.00 |
| Shares Out. | 122.0M | 178.3M | 178.3M | 119.3M |
| Valuation | ||||
| P/E Ratio | N/A | 1.0 | N/A | -9.9 |
| P/FCF | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | 18.3 | 5.0 | 13.2 |
| FCF Yield | N/A | -17.4% | -2.1% | -1.4% |
| Market Cap | 0 | 433M | 3.3B | 2.9B |
| Avg. Price | 0.00 | 8.16 | 6.36 | 24.41 |
| Year-End Price | 0.00 | 2.43 | 18.39 | 24.41 |
Intuitive Machines, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 0.5%. At current prices, the estimated annualized return to fair value is -13.0%.
Intuitive Machines, Inc. (LUNR) has a 5-year average return on invested capital (ROIC) of -35.0%. This is below average and may indicate limited pricing power.
Intuitive Machines, Inc. (LUNR) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Intuitive Machines, Inc. (LUNR) does not currently pay a regular dividend.
Intuitive Machines, Inc. (LUNR) operates in the Search, Detection, Navigation, Guidance, Aeronautical Sys industry, within the Technology sector.
Intuitive Machines, Inc. (LUNR) reported annual revenue of $228 million in its most recent fiscal year, based on SEC EDGAR filings.
Intuitive Machines, Inc. (LUNR) has a net profit margin of -124.7%. The company is currently unprofitable.
Intuitive Machines, Inc. (LUNR) generated $-68 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Intuitive Machines, Inc. (LUNR) reported earnings per share (EPS) of $-4.63 in its most recent fiscal year.
Intuitive Machines, Inc. (LUNR) has a 5-year average gross margin of 0.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 3 years of financial data for Intuitive Machines, Inc. (LUNR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Intuitive Machines, Inc. (LUNR) has a book value per share of $-5.66, based on its most recent annual SEC filing.