← Intuitive Machines, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net loss | ($316k) | ($190k) | $15.0m | ($346.9m) | ($106.8m) | — | |
| Net Income | — | $0 | $61.8m |
($283.4m)
-558.88%
|
($83.3m)
+70.61%
|
($160.3m)
-92.51%
|
|
| Net Income From Continuing Operations | — | ($6.4m) | $10.1m | ($346.9m) | ($106.8m) | ($160.3m) | |
| Depreciation and amortization | — | $1.1m | $1.4m | $1.9m | $3.6m | $16.0m | |
| Amortization of debt discount and issuance costs | — | — | — | $0 | $982k | — | |
| Depreciation Amortization Depletion | — | $1.1m | $1.4m | $1.9m | $3.6m | $16.0m | |
| Deferred income taxes | — | ($7k) | $7k | $0 | $3.9m | $3.9m | |
| Deferred Tax | — | ($7k) | $7k | $0 | $3.9m | $3.9m | |
| Share-based compensation expense | — | $624k | $4.3m | $8.8m | $8.6m | $14.6m | |
| Payment of withholding taxes from share-based awards | — | — | ($348k) | ($2.5m) | ($4.8m) | — | |
| Impairment of property and equipment | — | $0 | $964k | $5.0m | $0 | — | |
| Asset Impairment Charge | — | $836k | $128k | $5.5m | $3.4m | $3.8m | |
| Change In Working Capital | — | $4.6m | $11.4m | ($17.8m) | $44.8m | ($12.4m) | |
| Trade accounts receivable, net | — | $1.3m | ($14.7m) | ($28.3m) | $30.3m | — | |
| Change In Receivables | — | ($3.9m) | ($14.3m) | ($56.4m) | $52.7m | $20.6m | |
| Changes In Account Receivables | — | $1.3m | ($14.7m) | ($28.3m) | $30.3m | $20.6m | |
| Accounts payable and accrued expenses | — | $3.4m | $14.1m | ($1.2m) | ($2.1m) | $16.4m | |
| Accounts payable – affiliated companies | — | $225k | $3.0m | ($3.0m) | ($1.0m) | $16.4m | |
| Accrued capital expenditures | — | ($38k) | $0 | $1.8m | $6.8m | — | |
| Other | — | $13k | $43k | $58k | $308k | — | |
| Other assets, net | ($326k) | ($3.0m) | $1.2m | $1.3m | $2.5m | — | |
| Other liabilities | — | $14.8m | $17.2m | $3.9m | $14.5m | — | |
| Change In Other Current Assets | — | ($3.0m) | $1.2m | $1.3m | $2.5m | $5.0m | |
| Change In Other Current Liabilities | — | $14.8m | $17.2m | $3.9m | $14.5m | ($3.4m) | |
| Net cash used in operating activities | ($1.2m) |
($970k)
+19.50%
|
($45.3m)
-4569.49%
|
($57.6m)
-27.18%
|
($14.3m)
+75.14%
|
($88.5m)
-518.14%
|
|
| Purchase of property and equipment | — | ($16.4m) | ($29.9m) | ($10.1m) | ($41.6m) | ($45.5m) | |
| Net cash used in investing activities | ($329.8m) | ($16.4m) | ($29.9m) | ($10.1m) | ($56.6m) | ($505.1m) | |
| Bad debt expense | — | $836k | ($836k) | $440k | $3.4m | — | |
| Payment of debt issuance costs | — | — | — | $0 | ($929k) | — | |
| Proceeds from borrowings | — | $7.9m | $0 | $10.0m | $0 | — | |
| Issuance Of Debt | — | $7.9m | $0 | $10.0m | $335.5m | $335.5m | |
| Long Term Debt Issuance | — | $7.9m | $0 | $10.0m | $335.5m | $335.5m | |
| Long Term Debt Payments | — | ($108k) | ($12.0m) | ($18.0m) | $0 | $0 | |
| Net Issuance Payments Of Debt | — | $7.8m | ($12.0m) | ($8.0m) | $335.5m | $15.7m | |
| Net Long Term Debt Issuance | — | $7.8m | ($12.0m) | ($8.0m) | $335.5m | $335.5m | |
| Repayment Of Debt | — | ($108k) | ($12.0m) | ($18.0m) | $0 | $0 | |
| Repurchase of Class A Common Stock | — | — | — | $0 | ($20.7m) | — | |
| Class A Common Stock issued in acquisition, at fair value | $14k | — | — | $0 | $11.7m | — | |
| Contingent consideration assumed at acquisition, Class A Common Stock | — | — | — | $0 | $3.5m | — | |
| Common Stock Dividend Paid | — | $0 | ($8.0m) | $0 | — | $0 | |
| Common Stock Issuance | $0 | $6k | — | $0 | ($20.7m) | $233.4m | |
| Common Stock Payments | — | — | — | $0 | ($20.7m) | $0 | |
| Issuance Of Capital Stock | $0 | $0 | $26.0m | $0 | — | ($10.0m) | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($20.7m) | $0 | |
| Preferred dividends | — | $0 | ($2.3m) | ($896k) | ($616k) | — | |
| Cash Dividends Paid | — | $0 | ($8.0m) | $0 | — | $0 | |
| Net Other Financing Charges | — | $6k | $31.8m | $219.2m | ($44.8m) | ($48.8m) | |
| Net cash provided by financing activities | $331.3m |
$625k
-99.81%
|
$53.9m
+8527.84%
|
$272.8m
+405.87%
|
$446.6m
+63.71%
|
$461.7m
+3.38%
|
|
| Cash, cash equivalents and restricted cash at beginning of the period | $360k | $15k | $4.6m | $209.6m | $585.3m | — | |
| Beginning Cash Position | — | $29.4m | $25.8m | $4.6m | $209.6m | $375.3m | |
| Net increase in cash, cash equivalents and restricted cash | — | ($3.5m) | ($21.3m) | $205.1m | $375.7m | — | |
| Less: restricted cash | — | $62k | $62k | $2.0m | $2.7m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Change in fair value of earn-out liabilities | — | — | — | $120.1m | $33.4m | — | |
| Change in fair value of warrant liabilities | ($193k) | $0 | ($15.4m) | $77.7m | ($8.4m) | — | |
| Change in fair value of contingent consideration liabilities | — | $0 | ($66.3m) | $120.1m | $1.9m | — | |
| Loss on issuance of securities | — | $0 | $6.7m | $93.1m | $0 | — | |
| Contract assets | — | ($5.1m) | $490k | ($28.1m) | $22.4m | — | |
| Prepaid expenses | ($476k) | $466k | ($1.4m) | ($481k) | ($6.0m) | — | |
| Contract liabilities – current and long-term | — | ($1.3m) | ($13.3m) | $38.1m | ($15.8m) | — | |
| Purchase of intangible assets | — | — | — | $0 | ($63k) | — | |
| Acquisition of businesses, net of cash acquired | — | — | — | $0 | ($14.9m) | — | |
| Proceeds from issuance of convertible notes, net of discount | — | — | — | $0 | $335.5m | — | |
| Purchase of capped call transactions | — | — | — | $0 | ($36.8m) | — | |
| Proceeds from issuance of securities | — | $6k | $20.0m | $233.4m | $0 | — | |
| Transaction costs | — | $0 | $15.1m | $0 | $0 | — | |
| Warrants exercised | — | $0 | $16.1m | $61.3m | $176.6m | — | |
| Redemption of warrants | — | — | — | $0 | ($66k) | — | |
| Repayment of loans | — | ($108k) | ($12.0m) | ($18.0m) | $0 | — | |
| Stock option exercises | — | — | $0 | $300k | $0 | — | |
| Distributions to noncontrolling interests | — | $0 | $686k | ($2.3m) | ($2.2m) | — | |
| Cash and cash equivalents at end of the period | — | $25.8m | $4.5m | $207.6m | $582.6m | — | |
| Cash paid for interest | — | $1.0m | $1.9m | $408k | $0 | — | |
| Cash paid for income taxes, net of income tax refunds | — | $0 | $35k | $613k | $35k | — | |
| Issuance of stock | — | $6k | $20.2m | $214.4m | $167.5m | — | |
| Conversion of Series A preferred stock (Note 10) | — | — | $0 | $23.1m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | $12.1m | $53.9m | $272.8m | $446.6m | $461.7m | |
| Cash Flow From Continuing Investing Activities | — | ($16.4m) | ($29.9m) | ($10.1m) | ($56.6m) | ($505.1m) | |
| Change In Account Payable | — | $3.6m | $18.5m | ($4.3m) | ($3.1m) | $16.4m | |
| Change In Cash Supplemental As Reported | — | ($3.5m) | ($21.3m) | $205.1m | $375.7m | — | |
| Change In Other Working Capital | — | ($1.3m) | ($9.8m) | $38.1m | ($15.8m) | ($27.1m) | |
| Change In Payable | — | $3.6m | $18.5m | ($4.3m) | ($3.1m) | $16.4m | |
| Change In Prepaid Assets | — | ($5.7m) | ($1.4m) | ($481k) | ($6.0m) | ($22.1m) | |
| Changes In Cash | — | ($3.5m) | ($21.3m) | $205.1m | $375.7m | ($131.9m) | |
| End Cash Position | — | $25.8m | $4.6m | $209.6m | $585.3m | $243.4m | |
| Financing Cash Flow | — | $12.1m |
$53.9m
+345.80%
|
$272.8m
+405.87%
|
$446.6m
+63.71%
|
$461.7m
+3.38%
|
|
| Free Cash Flow | — | ($15.6m) | ($75.2m) | ($67.7m) | ($56.0m) | ($134.0m) | |
| Gain Loss On Investment Securities | — | $91k | ($6.4m) | $170.8m | ($8.4m) | $44.0m | |
| Gain Loss On Sale Of PPE | $0 | $6k | $0 | — | — | — | |
| Investing Cash Flow | — | ($16.4m) | ($29.9m) | ($10.1m) | ($56.6m) | ($505.1m) | |
| Net Business Purchase And Sale | — | — | — | $0 | ($14.9m) | ($459.7m) | |
| Net Intangibles Purchase And Sale | — | — | — | $0 | ($63k) | ($63k) | |
| Net PPE Purchase And Sale | — | ($16.4m) | ($29.9m) | ($10.1m) | ($41.6m) | ($45.4m) | |
| Net Preferred Stock Issuance | — | $0 | $26.0m | $0 | — | $0 | |
| Operating Gains Losses | — | $97k | ($6.4m) | $170.8m | ($8.4m) | $44.0m | |
| Other Non Cash Items | — | $13k | ($66.2m) | $120.2m | $36.5m | — | |
| Proceeds From Stock Option Exercised | — | $4.2m | $16.1m | $61.6m | $176.6m | $0 | |
| Purchase Of Business | — | — | — | $0 | ($14.9m) | ($459.7m) | |
| Purchase Of Intangibles | — | — | — | $0 | ($63k) | ($63k) | |
| Purchase Of PPE | — | ($16.4m) | ($29.9m) | ($10.1m) | ($41.6m) | ($45.5m) | |
| Stock Based Compensation | — | $624k | $4.3m | $8.8m | $8.6m | $14.6m |