secwatch.observer — SEC 8-K summary
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Issuer:     Intuitive Machines, Inc. (LUNR)
CIK:        0001844452
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001844452-25-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844452/000184445225000040/0001844452-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844452/000184445225000040/lunr-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001844452-25-000040

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