Intuitive Machines (LUNR) AI Stock Analysis

• Market Cap: $3.51B
• Dividend Yield: N/A
• Average Volume (3M): 11.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.90
• Revenue Growth: 8.07%
• EPS Growth: 33.37%
• Country: US
• Employees: 435
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -0.06
• Shares Outstanding: 119,319,786
• 10 Day Avg. Volume: 11,971,064
• 30 Day Avg. Volume: 11,049,927
• PEG Ratio: 0.02
• Price to Book (P/B): -1.11
• Price to Sales (P/S): 4.89
• P/FCF Ratio: -16.47
• Enterprise Value/Market Cap: 0.47
• Enterprise Value/Revenue: 7.42
• Enterprise Value/Gross Profit: 32.71
• Enterprise Value/Ebitda: -28.19
• 1Y Price Target: $18.58
• Price Target Upside: -13.90% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): -0.12
• Revenue Forecast (FY): $305.84M

• Rating: 57 Neutral
• Price Target: $22.50 ▲(4.26% Upside)

The score is held back primarily by weak financial performance (losses, declining growth, negative equity, and challenged cash generation). This is partially offset by strong technical momentum and a constructive earnings-call narrative centered on the Lanteris acquisition and sizable cash/backlog, while valuation provides limited support due to negative earnings.

Positive Factors

Completed Lanteris acquisition boosts vertical integration

Closing Lanteris creates a vertically integrated space prime with in-house satellite manufacturing, communications and operations. This structural capability broadens program scope, improves win-rate potential for large defense and civil contracts, and supports long-term revenue diversification.

Pro forma scale: >$850M revenue and $920M backlog

A materially larger pro forma revenue base and backlog give multi-year program visibility and reduce single-mission revenue volatility. This scale supports fixed-cost absorption, more predictable capacity planning, and stronger positioning to bid integrated national security and civil space programs.

Ample near-term liquidity with $622M cash balance

A substantial cash runway funds the acquisition, integration, and R&D without immediate dilution or distress. This liquidity provides resilience against contract timing shifts and supports execution on backlog while pursuing targeted investments to scale margins and operations.

Negative Factors

Large, persistent net losses and negative margins

Deep negative net and EBIT margins reflect structural profitability issues; until operations and pricing shift, sustained losses will impair retained earnings, hinder reinvestment, and demand consistent margin improvement to convert backlog into durable free cash flow.

Negative stockholders' equity signals balance-sheet stress

Negative equity distorts returns and signals financial fragility. It can limit access to favorable financing, increase cost of capital, and require ongoing covenant management or restructuring, constraining strategic flexibility during multi-year integration and program build-outs.

Weak operating cash flow and steep FCF decline

Sustained negative operating cash flow and sharply declining free cash flow reduce internal funding for growth and absorb contract overruns. Structural cash deficits increase dependence on external financing, raising execution risk across multi-year space programs.

Intuitive Machines Business Overview & Revenue Model

Company Description

Intuitive Machines, Inc. manufactures and supplies space products and services. It offers space products and services to support sustained robotic and human exploration to the moon, mars, and beyond. It offers its products and services through business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. The company was founded in 2013 and is based in Houston, Texas.

How the Company Makes Money

Intuitive Machines generates revenue through several key streams, including government contracts, commercial payload delivery services, and partnerships with various space agencies and private companies. A significant portion of their earnings comes from contracts with NASA, particularly related to lunar exploration projects. Additionally, the company earns income by providing launch services and supporting technologies for satellite deployments and other space missions. Strategic partnerships with organizations in the aerospace industry further enhance their revenue potential by expanding their service offerings and customer base.

Intuitive Machines Financial Statement Overview

Summary

Intuitive Machines is facing significant financial challenges, including declining revenues, persistent losses, and negative equity. Despite some positive cash flow metrics, the overall financial health is concerning and requires strategic interventions.

Income Statement

Intuitive Machines has experienced declining revenue growth, with a negative growth rate of -2.67% in the TTM period. The company also faces significant profitability challenges, as evidenced by negative net profit margins (-106.39%) and EBIT margins (-31.08%). Despite a slight improvement in gross profit margin to 18.53%, the overall income statement reflects financial instability and ongoing losses.

Balance Sheet

The balance sheet reveals a precarious financial position with negative stockholders' equity, leading to an unfavorable debt-to-equity ratio. The return on equity is positive at 48.17%, but this is due to negative equity, which distorts the metric. The equity ratio is also negative, indicating potential solvency issues and a need for financial restructuring.

Cash Flow

Cash flow analysis shows a concerning trend with negative operating cash flow and a significant decline in free cash flow growth (-80.1%). The operating cash flow to net income ratio is negative, suggesting cash flow challenges. However, the free cash flow to net income ratio is positive at 203.88%, indicating some ability to cover net income losses with available cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	220.32M	228.00M	79.52M	85.95M	72.55M	44.26M
Gross Profit	49.97M	37.63M	-20.95M	10.43M	-27.76M	1.70M
EBITDA	-57.99M	-50.49M	48.46M	38.78M	-37.05M	-3.81M
Net Income	-208.64M	-283.41M	62.80M	-6.41M	-35.65M	-4.25M
Balance Sheet
Total Assets	753.53M	355.40M	85.93M	67.00M	43.45M	38.04M
Cash, Cash Equivalents and Short-Term Investments	621.98M	207.61M	4.56M	25.76M	29.29M	23.93M
Total Debt	371.24M	37.38M	43.48M	25.76M	14.99M	5.14M
Total Liabilities	509.70M	351.48M	137.50M	124.62M	95.29M	53.05M
Stockholders Equity	-397.72M	-1.00B	-233.23M	-57.62M	-51.84M	-16.36M
Cash Flow
Free Cash Flow	-39.90M	-67.70M	-75.19M	-15.62M	-19.74M	5.60M
Operating Cash Flow	-8.99M	-57.59M	-45.28M	784.00K	-16.57M	8.15M
Investing Cash Flow	-30.91M	-10.11M	-29.91M	-16.41M	-3.18M	-2.55M
Financing Cash Flow	572.27M	272.79M	53.92M	12.10M	25.11M	1.66M

Intuitive Machines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LUNR, the sentiment is Positive. The current price of 21.58 is above the 20-day moving average (MA) of 17.41, above the 50-day MA of 12.97, and above the 200-day MA of 10.99, indicating a bullish trend. The MACD of 2.07 indicates Negative momentum. The RSI at 71.00 is Negative, neither overbought nor oversold. The STOCH value of 84.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LUNR.

Intuitive Machines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AVAV	62 Neutral	$18.90B	-313.29	-2.64%	―	79.89%	-171.81%
RDW	58 Neutral	$1.79B	-3.68	-50.08%	―	-0.63%	-163.11%
LUNR	57 Neutral	$3.51B	-11.56	―	―	8.07%	33.37%
RKLB	57 Neutral	$48.48B	-248.39	-23.24%	―	52.42%	-1.33%
EVEX	55 Neutral	$1.62B	―	-115.63%	―	―	-33.69%
EVTL	45 Neutral	$593.14M	-0.66	―	―	―	―

Intuitive Machines Corporate Events

Intuitive Machines Completes Transformative Lanteris Space Systems Acquisition

On January 13, 2026, Intuitive Machines completed its $800 million acquisition of Lanteris Space Systems, formerly Maxar Space Systems, in a cash-and-stock deal that establishes the company as a vertically integrated, next-generation space prime contractor spanning spacecraft manufacturing, communications, and operations from low Earth orbit through cislunar space. In connection with closing, the company issued newly created common stock as part of the consideration, granted the seller registration rights for that equity, secured lender consents and waivers to avoid default or repurchase triggers under existing loan and receivables facilities, and put in place a transitional services agreement, collectively ensuring financing continuity and operational stability as Lanteris’ proven satellite manufacturing capabilities are integrated to bolster Intuitive Machines’ positioning in key U.S. defense and civil space programs, including missile warning and tracking constellations, NASA’s Artemis and Lunar Terrain Vehicle initiatives, and prospective Mars telecommunications missions.

The most recent analyst rating on (LUNR) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Intuitive Machines stock, see the LUNR Stock Forecast page.

Intuitive Machines Acquires Lanteris Space Systems for $800M

On November 4, 2025, Intuitive Machines announced a definitive agreement to acquire Lanteris Space Systems for $800 million, consisting of $450 million in cash and $350 million in stock. This acquisition positions Intuitive Machines as a next-generation space prime, expanding its operations from lunar-focused activities to a broader space domain, including LEO, MEO, GEO, Moon, Mars, and deep space missions. The transaction, expected to close in the first quarter of 2026, aims to enhance Intuitive Machines’ capabilities in commercial, civil, and national security space programs, with the combined entity’s revenue exceeding $850 million and a backlog of $920 million.

The most recent analyst rating on (LUNR) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Intuitive Machines stock, see the LUNR Stock Forecast page.