NASDAQ$LUNR
Intuitive Machines Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Intuitive Machines had a strong third quarter, marked by key contract wins, revenue growth, and a record cash balance.
Intuitive Machines reported a significant increase in revenue for Q3 2024, driven by new contract awards and strong performance across its service pillars. The company's cash balance reached a record high, and backlog expanded due to key potential upcoming awards.
- Awarded a $116.9 million contract through NASA’s Commercial Lunar Payload Services (CLPS) initiative.
- Won the Near Space Network (NSN) data services contract from NASA with a maximum potential value of $4.82 billion.
- Completed vehicle propulsion system hot fire for Intuitive Machines’ second lunar mission.
- Achieved $58.5 million of revenue in Q3, up 359% year-over-year, and improved profitability with $4.1 million of positive gross margin.
Headline financials
Revenue & EPS history
Intuitive Machines · Revenue · Quarterly
$58.5M
Revenue by segment
Intuitive Machines · $184M total across 3 segments · Q1 2026
- Civil$71.7M—39.0%
- Commercial$61.1M—33.3%
- National Security$50.9M—27.7%
Forward guidance
Intuitive Machines narrowed its full-year 2024 revenue outlook to $215 - $235 million and expects backlog expansion.
Tailwinds
- Trending towards the mid-point of the narrowed full-year 2024 revenue outlook.
- Current cash balance of $106.9 million as of month end October.
- Strong visibility into the timing of collections for contracted milestone payments.
- Confidence in ending the year with a similar cash balance.
- Expect backlog expansion driven by key potential upcoming awards.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q3 2024
+2.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
67%
10 / 15 earnings
Positive
+22.4%
Q1 2025
Best reaction
-17.1%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | -8.8% | -25.3% | |
| Q4 2025 | +4.5% | -1.0% | +52.3% | |
| Q3 2025 | +10.3% | +1.2% | +38.2% | |
| Q2 2025 | -4.3% | -0.4% | -19.1% | |
| Q1 2025 | +22.4% | +30.1% | +14.6% | |
| Q4 2024 | -0.2% | -12.5% | -9.1% | |
| Q3 2024 | +5.7% | +6.8% | -0.6% | |
| Q2 2024 | -3.5% | +6.5% | +53.2% | |
| Q1 2024 | -14.0% | -15.3% | -33.6% | |
| Q4 2023 | +14.1% | +27.2% | -7.2% | |
| Q3 2023 | +6.7% | +4.9% | +1.8% | |
| Q2 2023 | -17.1% | -41.3% | -50.2% | |
| Q1 2023 | +7.2% | +3.9% | +15.7% | |
| Q1 2022 | +0.1% | +0.1% | +0.9% | |
| Q4 2021 | +0.3% | +0.3% | -0.2% |
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