Intuitive Machines reported record quarterly revenue of $269.3 million, exceeding Wall Street estimates of approximately $246 million. Revenue more than quintupled from $52.4 million a year earlier, driven by satellite production, lunar delivery services, lunar data infrastructure and ground communications. Gross profit reached $69 million, with a margin of approximately 26%, while free cash flow amounted to $33 million. The company’s order backlog reached a record $1.9 billion after approximately $450 million in new awards, and it maintained its full-year revenue outlook at $920 million to $950 million. Net loss attributable to shareholders narrowed to approximately $4 million, and the company expects positive adjusted EBITDA in 2026.
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