Intuitive Machines Stock Is Moving Higher Monday: What's Going On?

Intuitive Machines Inc LUNR shares are trading higher Monday on the heels of the company’s fourth-quarter financial results. Here’s a rundown of the report.

What Happened: Intuitive Machines reported fourth-quarter revenue of $54.66 million, missing analyst estimates of $55.77 million, according to Benzinga Pro.

Total revenue was up 79% on a year-over-year basis. The company said it ended the quarter with a record backlog of $328.3 million, up 22% year-over-year.

Intuitive Machines ended the period with $207.6 million in cash but noted that its cash balance increased to $385 million as of March 10.

“Just two years ago, we became a public company with a bold vision for the future. Over the past year, we’ve deliberately positioned ourselves for long-term success by expanding our technical capabilities, opening new revenue streams, and fortifying our financial position. Today, we stand stronger than ever— financially secure, debt-free, and ready to take the next leap,” said Steve Altemus, CEO of Intuitive Machines.

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Intuitive Machines expects 2025 revenue to be in the range of $250 million to $300 million versus estimates of $342.47 million. The company anticipates positive run-rate adjusted EBITDA by the end of 2025 and positive adjusted EBITDA in 2026.

“Our proven technologies and expertise are propelling us beyond NASA and cislunar space, expanding our reach into new markets and customers. This year is not just about growth—it’s about defining the future of our company and the industry itself,” Altemus said.

Intuitive Machines shares are down more than 50% over the past month after the company's IM-2 mission Nova-C class lunar lander “Athena” experienced technical issues during an attempted moon landing. The Intuitive Machines IM-2 mission was the company's second under NASA's Commercial Lunar Payload Services initiative. The company's moon lander “Odysseus” landed on the moon’s surface early last year.

Intuitive Machines executives are currently discussing the quarter on a conference call that kicked off at 8:30 a.m. ET.

LUNR Price Action: Intuitive Machines shares were up 8.81% at $7.71 at the time of publication Monday, according to Benzinga Pro.

Photo: courtesy of Intuitive Machines.