How does Intuitive Machines (LUNR) make money?

Intuitive Machines (LUNR) generates revenue primarily from Reportable Segment, which accounted for 44.6% of total revenue in TTM through Q1 2026. The company reported $334M in revenue and converted -36.8% of it into net profit, equivalent to roughly -$123M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Intuitive Machines (LUNR)?

Intuitive Machines (LUNR) reported a gross profit margin of 25.7% in TTM through Q1 2026, equivalent to $85.9M in gross profit on $334M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Intuitive Machines (LUNR)?

Intuitive Machines (LUNR) reported an operating profit margin of -34.8% in TTM through Q1 2026, equivalent to -$116M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Intuitive Machines (LUNR)?

Intuitive Machines (LUNR) reported a net profit margin of -36.8% in TTM through Q1 2026, equivalent to -$123M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Intuitive Machines (LUNR) profitable?

Intuitive Machines (LUNR) reported a net loss of $123M for TTM through Q1 2026, a net profit margin of -36.8%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Intuitive Machines (LUNR) invest in research and development?

Intuitive Machines (LUNR) invested $5.99M in research and development during TTM through Q1 2026, roughly 1.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Intuitive Machines (LUNR) spend on capital expenditures?

Intuitive Machines (LUNR) spent $45.5M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 13.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Intuitive Machines (LUNR) generate?

Intuitive Machines (LUNR) generated -$134M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -40.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Intuitive Machines (LUNR)?

Intuitive Machines (LUNR) reports revenue across 3 reportable product segments, led by Reportable Segment at 44.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Intuitive Machines Makes Money: 2026 Visual Revenue Map

Intuitive Machines (LUNR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 15, 2026).

Intuitive Machines discloses geographic revenue only in annual filings. to view the full breakdown.

Intuitive Machines (LUNR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Intuitive Machines (LUNR), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Reportable Segment	$149M	44.6%
Product	$143M	42.7%
Service	$42.5M	12.7%
Total	$334M	100%

Reportable Segment$149M
Product$143M
Service$42.5M
Total$334M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Intuitive Machines (LUNR) reports revenue across 3 reportable product segments; the largest segment was Reportable Segment at 44.6%, followed by Product (42.7%) and Service (12.7%).

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