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.