Intuitive Machines Inc (NASDAQ:LUNR) shares fell about 9% on Thursday morning after the space technology and services company reported earnings and revenue below estimates for the fourth quarter.
The company reported a loss per share of $0.34, missing the consensus estimate of a $0.05 loss per share.
Revenue for the quarter reached $44.79 million, falling short of the $53.37 million forecast.
Intuitive Machines CEO Steve Altemus highlighted the company’s strategic milestones in 2025, including the completion of its second lunar mission, expansion into national security space programs, and acquisitions of KinetX Aerospace and Lanteris Space Systems. “These acquisitions significantly expand our scale, addressable market, and growth opportunities,” Altemus said.
The company has also advanced several major contracts, including support for the Space Development Agency’s Proliferated Warfighter Space Architecture and the Missile Defense Agency’s SHIELD IDIQ contract, which has a ceiling of $151 billion.
In addition, Intuitive Machines launched the EchoStar XXV satellite and secured a $175 million strategic investment to enhance satellite communications and in-space data processing capabilities.
The company ended February with a combined backlog of approximately $943 million.
Looking ahead, Intuitive Machines expects full-year 2026 revenue between $900 million and $1 billion and projects positive adjusted EBITDA for the year.