Intuitive Machines 2025 Q3 Earnings 87.6% Net Loss Reduction

Intuitive Machines (LUNR) reported its fiscal 2025 Q3 earnings on Nov 14th, 2025, showcasing a 87.6% reduction in net loss to $9.96 million, exceeding expectations. The company’s guidance for 2026 includes 15–20% revenue growth, driven by expanded government contracts and commercial adoption of its Nova-C lunar lander. CEO Thomas Sponberg emphasized disciplined cost management and strategic investments in autonomous systems, positioning the company for long-term value creation in the space economy.

Revenue

The company’s total revenue for Q3 2025 declined by 10.3% to $52.44 million, led by fixed-price contracts contributing $30.27 million. Cost-reimbursable projects accounted for $19.19 million, while time-and-materials contracts added $1.52 million. Grant revenue rounded out the segment at $1.45 million. Despite the year-over-year decline, the fixed-price segment maintained its dominance, reflecting the company’s focus on large-scale, high-margin government contracts.

Earnings/Net Income

Intuitive Machines narrowed its losses to $0.06 per share in Q3 2025, a 92.8% improvement from $0.83 per share in Q3 2024. The net loss of $9.96 million marked an 87.6% reduction compared to $80.41 million in the prior-year period. This 87.6% reduction in net loss highlights effective cost management, though profitability remains a challenge.

Price Action

The stock price of Intuitive Machines has dropped 7.48% during the latest trading day, tumbled 9.41% during the most recent full trading week, and plummeted 37.47% month-to-date.

Post-Earnings Price Action Review

The strategy of buying Intuitive Machines (LUNR) shares on the date of its revenue raise announcement and holding for 30 days showed poor performance over the past three years. The cumulative return was -26.6%, significantly underperforming the S&P 500's 31.7% return over the same period. This indicates that this strategy did not capitalize on the positive revenue momentum, likely due to broader market factors or specific company developments that did not support sustained growth expectations.

CEO Commentary

CEO Thomas Sponberg emphasized progress in scaling commercial and government markets, highlighting key contracts with NASA and the U.S. Department of Defense. He acknowledged challenges in achieving profitability amid elevated cash burn but reiterated strategic investments in autonomous systems and lunar logistics. Sponberg expressed cautious optimism about 2026 growth, citing recent partnerships and product certifications.

Guidance

The company anticipates 15–20% year-over-year revenue growth in 2026, driven by expanded government contracts and commercial adoption of its Nova-C lunar lander. Sponberg emphasized a disciplined approach to CAPEX to ensure liquidity, though no specific EPS targets were provided.

Additional News

1. Director Blitzer’s Stock Purchase: Michael Blitzer, director of Intuitive Machines, acquired 241,080 shares for $2.19 million in two transactions on Nov 12–13, 2025, at prices above the current trading price.

2. US Air Force Contract Extension: The company secured an $8.2 million contract extension from the U.S. Air Force to develop compact nuclear power systems for spacecraft and lunar infrastructure.

3. Acquisition of Lanteris Space Systems: Intuitive Machines agreed to acquire Lanteris Space Systems for $800 million, including $450 million in cash and $350 million in stock, with a projected closing in Q1 2026.

These developments underscore strategic momentum, with Blitzer’s insider confidence, expanded government contracts, and a major acquisition signaling long-term growth ambitions.