Quarterly ResultMay 14, 2026, 07:33 AM
Intuitive Machines Q1 Revenue $186.7M; Acquires Lanteris, Goonhilly
AI Summary
Intuitive Machines, Inc. announced strong financial results for the first quarter ended March 31, 2026, driven by strategic acquisitions and significant new contract wins. The company reported record quarterly revenue of $186.7 million, nearly tripling the prior year, and achieved positive Adjusted EBITDA of $2.7 million. Strategic moves included the $800 million acquisition of Lanteris Space Systems and a definitive agreement to acquire Goonhilly Earth Station, positioning the company as a vertically integrated space prime contractor. Intuitive Machines also secured $428.9 million in new contracts, contributing to a record $1.1 billion backlog.
Key Highlights
- Closed $800 million acquisition of Lanteris Space Systems in Q1 2026.
- Signed definitive agreement to acquire Goonhilly Earth Station in Q2.
- Awarded $428.9 million in new contracts, including $180.4 million CLPS contract.
- Achieved record quarterly revenue of $186.7 million, nearly 3x prior year.
- Reported $2.7 million positive Adjusted EBITDA for the quarter.
- Ended Q1 with record backlog of $1.1 billion, an $842 million increase.
- Contracted with U.S. Space Force for Andromeda IDIQ with $6.2 billion ceiling.
- Full-year 2026 revenue outlook of $900 million to $1 billion.