Intuitive Machines, Inc. (LUNR) FY2024 10-K Annual Report
Intuitive Machines, Inc. (LUNR) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Intuitive Machines, Inc. FY2024 10-K Analysis
Business Overview
- • Core business model: Space technology, infrastructure, and services focused on cislunar economy via delivery, data transmission, and infrastructure pillars
- • New emphasis on NSN 2.2 contract: $4.82B NASA lunar communication and navigation satellite constellation awarded September 2024
- • Strategic shift to integrated lunar infrastructure: Launch of commercial Lunar Terrain Vehicle (LTV) and Fission Surface Power system development with NASA and Department of Energy
- • Quantitative highlights: 4 NASA CLPS awards totalling $430.2M, $116.9M IM-4 lunar delivery contract, $9.5M U.S. DoD AFRL JETSON Low Power award
- • Noteworthy milestone: Nova-C lander achieved first U.S. soft lunar landing since 1972 in Feb 2024; IM-2 mission landed near lunar south pole in March 2025 facing solar power recharge challenge
Management Discussion & Analysis
- • No revenue or profitability figures disclosed for fiscal year 2025
- • No segment performance or cash flow details provided
- • No information on capital allocation such as buybacks, dividends, or capex
- • Forward-looking statements noted with risks and uncertainties mentioned but no specific guidance provided
Risk Factors
- • Regulatory risk: Compliance with U.S. federal export control laws impacting lunar infrastructure offerings investment and timeline uncertainty
- • Geopolitical/macroeconomic: War in Ukraine and Israel contribute to inflation and supply chain disruptions affecting product/service cost and availability
- • Operational risk: Mission delays linked to launch site congestion and integration with SpaceX could hinder growth and revenue realization
- • Competitive risk: Superior competitor technology may restrict adoption of Intuitive Machines' lunar services, threatening market share expansion
- • Financial risk: Two lunar missions (IM-2 and IM-3) in loss positions with accrued contract losses of $9.9M and $12.5M respectively impacting profitability
Intuitive Machines, Inc. FY2024 Key Financial MetricsXBRL
Revenue
$228M
▲ +186.7% YoY
Net Income
-$283M
▼ -558.9% YoY
Operating Margin
-25.2%
▲ +4555bp YoY
Net Margin
-124.3%
▼ -20197bp YoY
ROE
28.1%
▲ +5154bp YoY
Total Assets
$355M
▲ +313.7% YoY
EPS (Diluted)
$-4.63
▼ -288.2% YoY
Operating Cash Flow
-$58M
▼ -27.2% YoY
Source: XBRL data from Intuitive Machines, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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