Intuitive Machines Q1 Revenue Nearly Triples to $186.7M

Intuitive Machines Inc., a Houston-based space infrastructure company, reported first-quarter revenue of $186.7 million for the period ended March 31, 2026, nearly triple the prior year's figure, as shares rose 2.1 percent to close at $36.43.

The revenue surge stemmed primarily from the January completion of its $800 million acquisition of Lanteris Space Systems, which expanded the company's capabilities across commercial, civil, and national security space sectors. Although the quarter excluded about 12 days of Lanteris operations worth roughly $13 million, performance across Commercial Lunar Payload Services, Orbital Mission Enabling Services, and National Security and Navigation Services drove the results. Revenue composition included 35 percent from commercial activities, 38 percent civil, and 27 percent national security space.

The company also posted positive adjusted EBITDA of $2.7 million, a profitability milestone compared to a loss the previous year, bolstering its position amid scaling operations in space and defense programs. Gross profit climbed to $30.1 million from $6.7 million a year earlier, fueled by higher-margin satellite and service revenues. Management...