← Intuitive Machines, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Revenues: | — | $85.9m | $79.5m | $228.0m | $210.1m | $328.2m | |
| Service revenue | — | — | — | $228.0m | $207.1m | — | |
| Grant revenue | — | — | — | $0 | $2.9m | — | |
| Cost of revenue (excluding depreciation and amortization) | — | $75.5m |
$100.5m
+33.05%
|
$225.2m
+124.17%
|
$201.1m
-10.73%
|
$301.8m
+50.12%
|
|
| General and administrative expense (excluding depreciation and amortization) | — | $14.9m | $32.9m | $53.3m | $92.6m | $128.1m | |
| Total operating expenses | — | $91.5m | $135.8m | $285.4m | $297.3m | $444.6m | |
| Operating loss | ($491k) |
($5.0m)
-922.55%
|
($56.2m)
-1019.32%
|
($57.4m)
-2.06%
|
($87.2m)
-51.98%
|
($116.4m)
-33.39%
|
|
| Interest expense | — | — | — | ($92k) | ($4.2m) | $9.0m | |
| Interest income | $6k | $4.8m | — | $272k | $15.3m | $15.3m | |
| Other income, net | — | $6k | ($483k) | $1.2m | $91k | ($46.3m) | |
| Total other expense, net | — | ($921k) | $71.3m | ($289.5m) | ($15.7m) | — | |
| Loss before income taxes | — | ($6.4m) | $15.1m | ($346.9m) | ($102.9m) | — | |
| Income tax expense | — | $23k | ($40k) | ($37k) | ($4.0m) | $4.0m | |
| Net loss | — | ($6.4m) | $15.0m | ($346.9m) | ($106.8m) | — | |
| Net loss attributable to the Company | ($316k) | ($190k) | $61.8m | ($283.4m) | ($83.3m) | — | |
| Net income (loss) attributable to Class A common shareholders - basic | — | $0 | $60.5m | ($284.3m) | ($83.9m) | ($109.9m) | |
| Net income (loss) per Class A common share - basic (in dollars per share) | ($0) | $0 | $3 | ($5) | ($1) | ($109.9m) | |
| Net loss attributable to redeemable noncontrolling interest | — | $0 | ($42.0m) | ($67.0m) | ($25.1m) | — | |
| Net income attributable to noncontrolling interest | ($316k) | — | $0 | $3.5m | $1.5m | — | |
| Weighted average shares outstanding - basic (in shares) | 9.3m | 41.2m | 17.6m | 61.4m | 115.4m | — | |
| Weighted average shares outstanding - diluted (in shares) | — | — | 25.6m | 61.4m | 115.4m | — | |
| Depreciation and amortization | — | $1.1m | $1.4m | $1.9m | $3.6m | $16.0m | |
| Impairment of property and equipment | — | $0 | $964k | $5.0m | $0 | — | |
| Change in fair value of earn-out liabilities | — | — | — | ($120.1m) | ($33.4m) | — | |
| Change in fair value of warrant liabilities | — | $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 | — | |
| Less: Preferred dividends | — | $0 | ($2.3m) | ($896k) | ($616k) | — |