Intuitive Machines 2025 Q3 Earnings 87.6% Net Loss Reduction Despite Revenue Decline

Intuitive Machines (LUNR) reported Q3 2025 earnings on November 14, 2025, with revenue declining 10.3% to $52.44 million. The company narrowed its net loss to $-9.96 million (-$0.06/share), a 87.6% improvement from $-80.41 million (-$0.83/share) in Q3 2024. Recent developments include a $8.2 million U.S. Air Force contract extension and insider purchases by Director Michael Blitzer.

Revenue

The company’s revenue fell to $52.44 million in Q3 2025, a 10.3% decline from $58.48 million in Q3 2024. Fixed-price contracts led the revenue mix at $30.27 million, while cost-reimbursable contracts contributed $19.19 million. Time-and-materials and grant revenue totaled $1.52 million and $1.45 million, respectively, completing the $52.44 million total.

Earnings/Net Income

Intuitive Machines reduced its net loss to $-9.96 million (-$0.06/share) in Q3 2025, a 87.6% improvement from $-80.41 million (-$0.83/share) a year earlier. Despite continued losses, the 87.6% reduction in net loss signals strong progress toward profitability.

Post-Earnings Price Action Review

The stock surged 12.38% on the day of the earnings report but faced volatility, declining 0.63% for the week and 26.01% month-to-date. The sharp post-earnings rally likely reflected optimism over the Air Force contract and narrowed losses, though longer-term bearish trends suggest caution.

CEO Commentary

CEO Commentary Summary

CEO highlighted progress in lunar lander development and strategic investments in AI and robotics during the Q3 call. He emphasized “excitement about overcoming solar power limitations with Stirling technology,” while acknowledging the need for disciplined execution. The tone was cautiously optimistic, balancing near-term challenges with long-term growth opportunities.

Guidance

Guidance Section

The company expects revenue to grow 18% year-over-year in 2026, driven by expanded lunar infrastructure projects and the Air Force contract. Management reiterated a focus on R&D efficiency, stating, “we guide to narrowing losses further while accelerating technology commercialization.”

Additional News

Recent non-earnings news includes a $8.2 million U.S. Air Force contract extension for lunar nuclear power systems, signaling growing confidence in Stirling technology. Director Michael Blitzer purchased 241,080 shares ($2.2M) in early November, reflecting insider confidence. These developments may diversify revenue streams but do not yet address the company’s reliance on milestone-based contracts.