Intuitive Machines Posts Record Q1 Revenue, Positive Adjusted EBITDA, and $1.1B Backlog
LUNR has more than doubled off its 52-week low of $7.78.
Summary
Intuitive Machines reported robust first-quarter 2026 financial results, achieving record quarterly revenue of $186.7 million, nearly tripling year-over-year, and posting positive Adjusted EBITDA of $2.7 million. The company also ended the quarter with a record $1.1 billion backlog, an $842 million increase from year-end 2025. These strong results were primarily driven by the recently closed $800 million acquisition of Lanteris Space Systems, which was detailed in the prior 10-K, and significant new contract awards including $428.9 million from the Space Development Agency and a fifth CLPS task order from NASA. The positive Adjusted EBITDA marks a significant profitability milestone, while the substantial backlog provides strong revenue visibility and indicates successful execution of its growth strategy. Investors will now focus on the company's full-year 2026 guidance for $900 million to $1 billion in revenue and continued positive Adjusted EBITDA, as well as the integration of the recently announced Goonhilly Earth Station acquisition.
At the time of this announcement, LUNR was trading at $34.76 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $7.78 to $36.72. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.