Quarterly ResultMay 15, 2026, 06:07 AM
Intuitive Machines Q1 Revenue $186.7M; Net Loss $(37.4)M; Lanteris Acquired
AI Summary
Intuitive Machines reported a significant increase in Q1 2026 revenue to $186.7 million, up from $62.5 million in Q1 2025. However, the company also posted a net loss attributable to the company of $(37.4) million, or $(0.25) per share, compared to a net loss of $(11.4) million, or $(0.11) per share, in the prior year. A major event during the quarter was the acquisition of Lanteris, which significantly impacted the balance sheet, including a $444.8 million cash outflow for acquisitions and the issuance of $403.9 million in Class A Common Stock. The company's total assets more than doubled to $1.72 billion.
Key Highlights
- Acquisition of Lanteris resulted in $444.8 million cash outflow for businesses acquired.
- Q1 2026 Total Revenue increased to $186.7 million from $62.5 million in Q1 2025.
- Q1 2026 Net Loss attributable to the Company was $(37.4) million, up from $(11.4) million in Q1 2025.
- Q1 2026 Diluted Net Loss Per Share was $(0.25), compared to $(0.11) in Q1 2025.
- Total Assets more than doubled to $1.72 billion as of March 31, 2026.
- Cash and Cash Equivalents decreased to $231.6 million from $582.6 million at December 31, 2025.
- Proceeds from issuance of securities totaled $175.0 million in Q1 2026.
- Operating Loss for Q1 2026 was $(39.2) million, compared to $(10.1) million in Q1 2025.
Price Impact
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