Earnings Releases·Nov 12, 2026, 7:32 AM ET

Intuitive Machines — Third Quarter 2026 Earnings Summary

Reported record quarterly revenue of $269.3 million (up from $52.4 million YoY) and positive free cash flow of $33.5 million, while narrowing the net loss to $3.4 million from $10.0 million in the prior year period.
Secured a record backlog of $1.9 billion, an increase of $1.7 billion from year-end 2025, driven by the CLPS 2 IDIQ award, Goonhilly acquisition, and new awards totaling $450 million.
Provided full-year 2026 revenue guidance of $920 million to $950 million and expects positive Adjusted EBITDA, with plans to launch the IM-3 mission and first Altus-1 satellite in March/April 2027.
Closed the acquisition of Goonhilly Earth Station and COMSAT to expand space-to-ground data services, while total assets grew to $2.24 billion and long-term debt remained stable at $336.9 million.