Intuitive Machines posts wider-than-expected Q4 loss

Intuitive Machines

19/03/2026 11:44

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    Overview
  
    * U.S. space technology firm's Q4 revenue fell short of analyst expectations
    * Co posted wider-than-expected net loss due to higher operating expenses
    * Company completed acquisitions of KinetX and Lanteris to expand capabilities and market reach

    
    Outlook
  
    * Intuitive Machines sees full-year 2026 revenue of $900 mln-$1 bln
    * Company expects full-year 2026 adjusted EBITDA to be positive
    * Company plans to invest in Near Space Network Services and solar system internet expansion

    
    Result Drivers
  
    * CONTRACT REVENUE MIX - Q4 revenue was primarily driven by CLPS, OMES III, and NSNS contracts
    * MARGIN IMPROVEMENT - Co said positive Q4 gross margin reflected higher-margin service revenue growth and disciplined capital management
    * OPERATING EXPENSES - Increased by 14.4% mainly due to a sharp increase in general and administrative expenses excluding depreciation and amortization, impacting net loss

    
Company press release:  ID:nGNX1TqXzt 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q4        Miss      $44.78    $53.68
 Revenue             mln       mln (7
                               Analysts
                               )
 Q4 Net    Miss      -$59.66   -$10.59
 Income              mln       mln (5
                               Analysts
                               )
 Q4        Miss      -$33.10   -$11.32
 Operatin            mln       mln (7
 g Income                      Analysts
                               )
 Q4        Miss      -$55.70   -$9.98
 Pretax              mln       mln (6
 Profit                        Analysts
                               )
 Q4                  $77.88     
 Operatin            mln       
 g                             
 Expenses                      
    
    Analyst Coverage
  
    * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
    * The average consensus recommendation for the aerospace & defense peer group is "buy"
    * Wall Street's median 12-month price target for Intuitive Machines Inc is $19.00, about 4.9% above its March 18 closing price of $18.11
    * The stock recently traded at 805 times the next 12-month earnings vs. a P/E of 583 three months ago

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)