Intuitive Machines, Inc. (LUNR) Stock

Intuitive Machines, Inc. (LUNR) is a Technology stock trading at $17.94 (as of 2026-08-20), with a market capitalization of $2.91B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Intuitive Machines, Inc. designs, manufactures, and supplies space products and services. It operates through units including Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure, providing support for robotic and human exploration to the moon, Mars, and beyond.

Understand Intuitive Machines, Inc.: how it makes money

Intuitive Machines makes and supplies space products and services for robotic and human exploration to the moon, Mars, and beyond, and it earns money from both product sales and service contracts offered through its business units.

Its results depend on the volume and timing of contract-driven services (including near-space network services task orders) plus sales of its space products.

Revenue by segment (latest quarter)
Products$0.1B
Services$0.0B

Business quality (Mixed): Revenue is split between product and service lines, and the company’s contract work is tracked through specific near-space network services task order values. However, the latest quarter shows a negative operating margin, and the revenue mix includes items tied to mission milestones and contract modifications, which can create volatility.

Bull case

  • Dual revenue engine: The company reports both Product Revenue (0.14B) and Service Revenue (0.04B), so it is not solely dependent on one type of offering.
  • Contract work is trackable: Near-Space Network Services Task Order values (Task Order 4 Value at 0.06B, and Task Order 3 Value at 0.04B) provide specific operating visibility into service-related revenue drivers.
  • Broader space offerings: Its offerings are organized across multiple business units, including Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.

Bear case

  • Profitability pressure: The latest reported operating margin is -21.0%, indicating operating losses in the quarter (2026-03-31).
  • Revenue tied to mission and contract details: Disclosed revenue lines include items such as IM1 mission success milestones, EAC revenue reduction (IM3), and task order modifications for CLPS, which can introduce timing and execution risk.
  • Limited contribution from grants: Grant Revenue is reported as 0.0B, so any upside from grant funding is not present in the provided quarter.
Valuation — source: SEC EDGAR (first-party)
Price$17.94
Market Cap$2.91B
Price / Sales5.94
FCF Yield-6.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$210.06M
Net Margin-39.7%
Revenue Growth (YoY)309.8%
EPS Growth (YoY)31.8%
FCF Growth (YoY)197.2%
Financial Health — source: SEC EDGAR
Altman Z-Score0.17 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($185.78M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOStephen Altemus
Employees435
CountryUS
IPO Date2021-11-17

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LUNR earnings history · LUNR institutional & insider holders · LUNR KPIs & operating metrics · LUNR financials · LUNR investor presentations & press releases · LUNR SEC filings · LUNR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.