Intuitive Machines reported record third-quarter revenue of $269.3 million, surpassing Wall Street expectations of approximately $246 million. This figure represents a more than fivefold increase compared to the $52.4 million recorded in the same period last year and a 31% rise from the previous quarter.
The company achieved a record gross profit of $69 million, with a margin of about 26%. Operating cash flow reached $66 million, while free cash flow stood at $33 million. The net loss attributable to shareholders narrowed to approximately $4 million, down from $6.8 million a year prior, with loss per share decreasing to $0.02.
As of the end of September, the company holds a record order backlog of $1.9 billion, having secured $450 million in new awards during the quarter. The backlog includes contracts across commercial, civil, and national security space programs. The firm maintains its full-year revenue guidance of $920 million to $950 million.
CEO Steve Altemus confirmed that the IM-3 lunar mission and the Altus-1 satellite are scheduled for launch between March and April 2027. Additionally, the company finalized the acquisition of Goonhilly Earth Station and COMSAT to expand its global communications network for government and deep space missions.
