AI-extracted from the 10-Q filed 2026-08-13 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue surged to $206.2M from $50.3M YoY, driven by $166.7M in product revenue from Lanteris acquisition, but company posted $46.4M net loss attributable to it.
Margins: Gross margin deteriorated significantly as product costs from Lanteris ($119.3M) consumed 72% of product revenue ($166.7M), and IM-3/IM-4 lunar contracts posted losses totaling $22.5M in Q2. Operating loss widened to $47.1M from $28.6M YoY despite higher revenue, reflecting integration costs and unfavorable contract estimates on fixed-price lunar missions.
Watch Items from the Filing
Customer concentration risk: Four customers represent 35%, 28%, 11%, 10% of Q2 revenue; EchoStar bankruptcy (June–Aug 2026) exposed $10.1M accounts receivable and $41.4M orbital receivables from Lanteris-managed contracts; company has not recorded incremental provision as of June 30 but bankruptcy outcome remains uncertain.
Recent major acquisition and integration: Lanteris ($853.3M purchase price Jan 13, 2026) added $360.5M goodwill and $297M intangibles; contributed $308.3M revenue (6M) but integration costs $27.9M, requiring ongoing management focus and internal control assessment.
Post-period acquisitions: Goonhilly UK operations (Aug 3, 2026) £37M consideration (50% cash, 50% stock) and COMSAT $10M cash acquisition signal rapid M&A pace; three acquisitions in 8 months (KinetX Oct 2025, Lanteris Jan 2026, Goonhilly Aug 2026) creates integration execution risk.
Liquidity and financing: $367.4M cash as of June 30, 2026 (post-$175M securities purchase Feb 2026, $235M ATM issuance Q2 2026), $345M Convertible Notes due 2030, $49.4M orbital securitization liabilities; company states cash sufficient for 12 months but substantial near-term capex needs for satellite production.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Intuitive Machines, Inc. (LUNR): stock profile, AI score and financials
Intuitive Machines, Inc. (LUNR) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores LUNR at 40.7/100 on a composite quality score built from its SEC filings, placing it at rank #2,077 of 2,925 stocks — the bottom half of the AI-ranked universe. LUNR scores in the top quartile across institutional flow (97.7), revenue growth (96.4). Areas of concern include earnings quality (4.0) and free cash flow (10.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Intuitive Machines, Inc. reports quarterly revenue of $206.2M, net income of $-46.4M, an operating margin of -22.9%. Top institutional holders of LUNR by reported 13-F value include ADVENT INTERNATIONAL, L.P., BlackRock, STATE STREET, based on the most recent SEC filings. LUNR trades on the Nasdaq exchange and files with the SEC under CIK 1844452. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LUNR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Intuitive Machines, Inc. directly from SEC EDGAR.