Intuitive Machines, Inc.
Intuitive Machines Reports Q4 and FY 2024 Financial Results
Summary
Intuitive Machines, Inc. reported its financial results for the fiscal quarter and full year ended December 31, 2024. The company achieved a significant increase in revenue, reaching $228.0 million for the year, nearly three times the 2023 revenue. Intuitive Machines also reported a positive gross margin for both Q4 and the full year, ending 2024 with a strong cash balance of $385 million as of March 10, 2025. The company's backlog increased by $59.8 million, totaling $328.3 million at the end of 2024, reflecting new contract awards and task order modifications. Looking ahead, Intuitive Machines provided a revenue outlook of $250 - $300 million for 2025 and expects to achieve positive Adjusted EBITDA by the end of 2025.
Profitelligence Alerts
Get alerts for LUNR
Be first to know when Intuitive Machines, Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Intuitive Machines, Inc.
Intuitive Machines, Inc. is a pioneering aerospace company specialized in the development of advanced space technologies. Primarily focused on lunar exploration, the company plays a crucial role in delivering scientific and commercial payloads to the moon as part of NASA's Artemis program. Their lander crafts and propulsion systems are designed to endure the harsh conditions of lunar landscapes, facilitating a variety of missions aimed at resource utilization, scientific research, and technology demonstrations. With a strong emphasis on engineering innovation, Intuitive Machines contributes to sectors such as commercial space travel, satellite communications, and national defense. Headquartered in Houston, Texas, the company aims to increase human presence and activity on the Moon, thereby significantly impacting the burgeoning space economy. Intuitive Machines is at the forefront of developing technologies that not only reach new celestial milestones but also enhance our understanding and capabilities in outer space.
Official SEC Documents
Advertisement