The earnings call showcased several positive developments, including revenue growth, cash flow positivity, and new contract awards. However, challenges such as the IM-2 mission's landing anomaly and increased SG&A expenses were also highlighted. While the company is progressing towards improved profitability, the balance of highlights and lowlights suggests a cautious optimism.

Company Guidance -

Q1 2025

During the Intuitive Machines First Quarter 2025 Conference Call, the company provided guidance emphasizing their strategic focus on leveraging emerging federal opportunities, particularly in civil and national security space. They highlighted the President's budget request, which reinforces NASA's funding priorities and includes an additional $150 billion package from Congress to support Department of Defense initiatives. The company is advancing programs like CLPS, LTV, and NSNS, with three delivery procurements planned this year. They secured significant contracts, including a $10 million award from the Texas Space Commission for developing Earth reentry technology. Financially, Intuitive Machines reported a 14% revenue increase from Q4 2024 to $62.5 million and achieved positive free cash flow for the first time in their history. They maintain a strong cash position at $373.3 million, driven by warrant redemptions and milestone payments, and expect revenue guidance of $250-300 million for 2025 with a focus on achieving positive adjusted EBITDA by year-end.

Sequential Revenue Growth

Q1 2025 revenue was $62.5 million, up 14% over Q4 2024, driven primarily by CLPS, LTVS, and NSNS execution.

Positive Free Cash Flow

For the first time in the company's history, Intuitive Machines achieved positive free cash flow of $13.3 million in Q1 2025.

Contract Awards and Backlog

Intuitive Machines secured new awards including an $18 million task order for NSNS and a $10 million grant from the Texas Space Commission. The company ended Q1 with a contracted backlog of $272.3 million.

NASA Contract Progression

In Q1, key milestones were achieved under NASA's NSNS contract, with $3 million recognized in revenue.

Successful Lunar Mission

The IM-2 mission was noted for landing further south on the moon than any previous mission, providing valuable operational data.

Intuitive Machines (LUNR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LUNR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 19, 2025	2025 (Q2)	<0.01 / -	0.24	―	―	―
May 13, 2025	2025 (Q1)	-0.08 / -0.10	-2.585	96.13% (+2.48)
Mar 24, 2025	2024 (Q4)	-0.08 / -1.73	0.38	-553.95% (-2.10)
Nov 14, 2024	2024 (Q3)	-0.12 / -0.82	0.78	-205.13% (-1.60)
Aug 13, 2024	2024 (Q2)	-0.18 / 0.24	0.875	-72.57% (-0.64)
May 14, 2024	2024 (Q1)	0.07 / -2.58	-0.46	-461.96% (-2.13)
Mar 21, 2024	2023 (Q4)	-0.68 / 0.38	0.02	1800.00% (+0.36)	―
Nov 13, 2023	2023 (Q3)	-0.24 / 0.78	-0.06	1400.00% (+0.84)
Aug 14, 2023	2023 (Q2)	-0.27 / 0.88	-0.003	29266.67% (+0.88)
May 11, 2023	2023 (Q1)	-0.13 / -0.46	-0.008	-5650.00% (-0.45)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LUNR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2025	$9.50	$11.63	+22.42%
Mar 24, 2025	$7.09	$9.22	+30.04%
Nov 14, 2024	$11.76	$10.23	-13.01%
Aug 13, 2024	$3.72	$3.67	-1.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.