---
schema_version: "secwatch.filing_event.v1"
accession: "0001844452-25-000040"
form_type: "8-K"
ticker: "LUNR"
cik: "0001844452"
company_name: "Intuitive Machines, Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T17:49:09.694762+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Intuitive Machines Q1 revenue $62.5M, up 14% QoQ; cash $373.3M, positive free cash flow

## Summary
- Revenue $62.5M in Q1 2025, up 14% vs Q4; gross margin 11% ($6.7M), third consecutive positive gross margin quarter.
- Positive operating cash flow of $19.4M; free cash flow $13.3M; cash balance $373.3M after warrant redemption.
- Awarded NASA NSNS milestones: $9M in Q1, additional $18M for next two milestones in Q2; $10M Texas Space Commission grant.
- Full-year 2025 revenue outlook $250-300M; positive run-rate adjusted EBITDA by end of 2025; positive adjusted EBITDA in 2026.
- IM-2 mission success payments expected in Q2; IM-3 lunar mission on track for first half of 2026.

## SEC filing metadata
- accession: 0001844452-25-000040
- form_type: 8-K
- ticker: LUNR
- cik: 0001844452
- company_name: Intuitive Machines, Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844452/000184445225000040/0001844452-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844452/000184445225000040/lunr-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001844452-25-000040
- JSON: https://secwatch.observer/filing/0001844452-25-000040.json
- Plain text: https://secwatch.observer/filing/0001844452-25-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.