Intuitive Machines, Inc.
LUNR · Search, Detection, Navigation, Guidance, Aeronautical Sys · 84.2M shares · +55%/yr ↑ shares · EDGAR filings ↗
Reference price $21.81 · est. market cap ~$1.8B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Space / lunar-services company with operating losses and cash burn, funded.
Strengths
- Strong liquidity — current ratio 5.0 (75th)
Risks
- Operating/net losses — operating margin -42%, net margin -40%
- Cash burn, lumpy mission revenue — FCF -$56M (13th), revenue -9%
- Mission-execution/contract-concentration risk — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -0.44)
- Net lossNet loss (net margin -39.7%)
- Cash burnNegative free cash flow (-56.0M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +55%/yr over 2y (dilution)
- Strong balance sheetStrong balance sheet — $583M cash & investments, ~42 quarters of runway
- AccumulatingInstitutional holders rose 10→11 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 49 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$64M, last 6mo) Form 4 ↗
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, ARK Investment Management LLC +3 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-41.5%
Net margin
-39.7%
Return on equity
11.0%
Return on assets
-11.0%
Revenue growth (QoQ)
316.9%
Debt / equity
-0.4×
Current ratio
5.0×
Free cash flow
-$56M
EBITDA
-$84M
Tangible book value
-$787M
Cash & investments
$583M
Cash runway
42q
Stock comp / revenue
4.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Crain Timothy Price II | Sell | 135K | $21.81 |
| 2026-06-18 | Crain Timothy Price II | Sell | 15K | $22.39 |
| 2026-06-18 | Crain Timothy Price II | Option exercise | 150K | — |
| 2026-06-18 | Crain Timothy Price II | Disposition | 150K | — |
| 2026-06-15 | Ghaffarian Kamal Seyed | Sell | 766 | $27.75 |
| 2026-06-15 | Ghaffarian Kamal Seyed | Sell | 19K | $26.86 |
| 2026-06-15 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-06-15 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-06-15 | Ghaffarian Kamal Seyed | Sell | 122K | $26.03 |
| 2026-06-08 | Liquori William John Jr | Sell | 18K | $29.87 |
| 2026-06-04 | BLITZER MICHAEL | Grant | 5.9K | — |
| 2026-06-04 | Liquori William John Jr | Grant | 5.9K | — |
| 2026-06-04 | Masson Robert L. II | Grant | 5.9K | — |
| 2026-06-04 | Seligman Nicole | Grant | 5.9K | — |
| 2026-06-04 | Ghaffarian Kamal Seyed | Grant | 7.4K | — |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 84K | $38.50 |
| 2026-06-01 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-06-01 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 38K | $39.09 |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 8.3K | $40.25 |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 7.2K | $41.26 |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 3.0K | $42.35 |
| 2026-06-01 | Ghaffarian Kamal Seyed | Sell | 1.0K | $43.03 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-05-18 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 72K | $33.27 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 34K | $34.09 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 13K | $35.06 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 7.9K | $36.33 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 7.1K | $37.34 |
| 2026-05-18 | Ghaffarian Kamal Seyed | Sell | 7.2K | $37.99 |
| 2026-05-04 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-05-04 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-05-04 | Ghaffarian Kamal Seyed | Sell | 93K | $25.00 |
| 2026-05-04 | Ghaffarian Kamal Seyed | Sell | 49K | $25.41 |
| 2026-04-20 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-04-20 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-04-20 | Ghaffarian Kamal Seyed | Sell | 85K | $27.74 |
| 2026-04-20 | Ghaffarian Kamal Seyed | Sell | 48K | $28.65 |
| 2026-04-20 | Ghaffarian Kamal Seyed | Sell | 8.9K | $29.51 |
| 2026-04-15 | McGrath Peter | Sell | 25K | $23.61 |
| 2026-04-15 | Jones Anna Chiara | Sell | 4.9K | $23.61 |
| 2026-04-15 | Altemus Stephen J | Sell | 14K | $23.61 |
| 2026-04-15 | Crain Timothy Price II | Sell | 8.4K | $23.61 |
| 2026-04-08 | Johnson Christopher J. | Grant | 21K | — |
| 2026-04-06 | Ghaffarian Kamal Seyed | Disposition | 142K | — |
| 2026-04-06 | Ghaffarian Kamal Seyed | Option exercise | 142K | — |
| 2026-04-06 | Ghaffarian Kamal Seyed | Sell | 103K | $23.03 |
| 2026-04-06 | Ghaffarian Kamal Seyed | Sell | 39K | $23.65 |
| 2026-03-24 | Ghaffarian Kamal Seyed | Option exercise | 284K | — |
| 2026-03-24 | Ghaffarian Kamal Seyed | Disposition | 284K | — |
| 2026-03-24 | Ghaffarian Kamal Seyed | Sell | 68K | $17.80 |
| 2026-03-24 | Ghaffarian Kamal Seyed | Sell | 135K | $18.59 |
| 2026-03-24 | Ghaffarian Kamal Seyed | Sell | 51K | $19.70 |
| 2026-03-24 | Ghaffarian Kamal Seyed | Sell | 30K | $20.34 |
| 2026-03-19 | Crain Timothy Price II | Option exercise | 150K | — |
| 2026-03-19 | Crain Timothy Price II | Disposition | 150K | — |
| 2026-03-19 | Crain Timothy Price II | Sell | 78K | $16.93 |
| 2026-03-19 | Crain Timothy Price II | Sell | 43K | $17.81 |
| 2026-03-19 | Crain Timothy Price II | Sell | 29K | $18.81 |
| 2026-02-13 | Altemus Stephen J | Sell | 87K | $16.01 |
| 2026-02-11 | Jones Anna Chiara | Sell | 17K | $17.44 |
| 2026-02-11 | McGrath Peter | Sell | 26K | $17.44 |
| 2026-02-11 | Vontur Steven | Sell | 4.3K | $17.44 |
| 2026-02-11 | Crain Timothy Price II | Sell | 23K | $17.44 |
| 2026-02-05 | Crain Timothy Price II | Grant | 85K | — |
| 2026-02-05 | Vontur Steven | Grant | 20K | — |
| 2026-02-05 | Altemus Stephen J | Grant | 237K | — |
| 2026-02-05 | McGrath Peter | Grant | 85K | — |
| 2026-02-05 | Johnson Christopher J. | Grant | 101K | — |
| 2026-02-05 | Jones Anna Chiara | Grant | 44K | — |
| 2026-01-16 | Altemus Stephen J | Option exercise | 59K | — |
| 2026-01-16 | Altemus Stephen J | Disposition | 59K | — |
| 2026-01-16 | Altemus Stephen J | Sell | 59K | $20.03 |
| 2026-01-16 | Crain Timothy Price II | Option exercise | 24K | — |
| 2026-01-16 | Crain Timothy Price II | Disposition | 24K | — |
| 2026-01-16 | Crain Timothy Price II | Sell | 24K | $20.04 |
| 2026-01-15 | Altemus Stephen J | Option exercise | 429K | — |
| 2026-01-15 | Altemus Stephen J | Disposition | 429K | — |
| 2026-01-15 | Altemus Stephen J | Sell | 429K | $20.06 |
| 2026-01-15 | Crain Timothy Price II | Option exercise | 170K | — |
| 2026-01-15 | Crain Timothy Price II | Disposition | 170K | — |
| 2026-01-15 | Crain Timothy Price II | Sell | 170K | $20.06 |
| 2026-01-08 | Altemus Stephen J | Option exercise | 13K | — |
| 2026-01-08 | Altemus Stephen J | Disposition | 13K | — |
| 2026-01-08 | Altemus Stephen J | Sell | 13K | $20.00 |
| 2026-01-08 | Crain Timothy Price II | Option exercise | 5.7K | — |
| 2026-01-08 | Crain Timothy Price II | Disposition | 5.7K | — |
| 2026-01-08 | Crain Timothy Price II | Sell | 5.7K | $20.00 |
| 2026-01-05 | Altemus Stephen J | Option exercise | 416K | — |
| 2026-01-05 | Altemus Stephen J | Sell | 416K | $18.08 |
| 2026-01-05 | Altemus Stephen J | Disposition | 416K | — |
| 2026-01-02 | Altemus Stephen J | Option exercise | 84K | — |
| 2026-01-02 | Altemus Stephen J | Disposition | 84K | — |
| 2026-01-02 | Altemus Stephen J | Sell | 84K | $18.04 |
| 2025-12-22 | Altemus Stephen J | Disposition | 2.0M | — |
| 2025-12-22 | Altemus Stephen J | Sell | 640K | $15.17 |
| 2025-12-22 | Altemus Stephen J | Sell | 1.2M | $16.00 |
| 2025-12-22 | Altemus Stephen J | Sell | 118K | $16.71 |
| 2025-12-22 | Altemus Stephen J | Option exercise | 2.0M | — |
| 2025-12-22 | Crain Timothy Price II | Option exercise | 200K | — |
| 2025-12-22 | Crain Timothy Price II | Disposition | 200K | — |
| 2025-12-22 | Crain Timothy Price II | Sell | 200K | $16.04 |
| 2025-12-19 | Crain Timothy Price II | Sell | 59K | $15.00 |
| 2025-12-19 | Altemus Stephen J | Disposition | 41K | — |
| 2025-12-19 | Altemus Stephen J | Option exercise | 41K | — |
| 2025-12-19 | Altemus Stephen J | Sell | 41K | $15.01 |
| 2025-12-19 | Crain Timothy Price II | Option exercise | 43K | — |
| 2025-12-19 | Crain Timothy Price II | Disposition | 43K | — |
| 2025-12-19 | Crain Timothy Price II | Sell | 8.7K | $12.06 |
| 2025-12-19 | Crain Timothy Price II | Sell | 25K | $13.20 |
| 2025-12-19 | Crain Timothy Price II | Sell | 57K | $14.19 |
| 2025-12-09 | Ghaffarian Kamal Seyed | Other | 28K | — |
| 2025-11-15 | Vontur Steven | Tax withheld | 1.3K | $9.53 |
| 2025-11-13 | BLITZER MICHAEL | Buy | 100K | $8.83 |
| 2025-11-12 | BLITZER MICHAEL | Buy | 141K | $9.27 |
| 2025-08-24 | Vontur Steven | Tax withheld | 1.8K | $8.96 |
| 2025-07-28 | Ghaffarian Kamal Seyed | Disposition | 40K | — |
| 2025-07-28 | Ghaffarian Kamal Seyed | Option exercise | 40K | — |
| 2025-07-28 | Ghaffarian Kamal Seyed | Sell | 40K | $13.49 |
| 2025-07-17 | Ghaffarian Kamal Seyed | Option exercise | 40K | — |
| 2025-07-17 | Ghaffarian Kamal Seyed | Disposition | 40K | — |
| 2025-07-17 | Ghaffarian Kamal Seyed | Sell | 40K | $12.02 |
| 2025-07-11 | Ghaffarian Kamal Seyed | Option exercise | 81K | — |
| 2025-07-11 | Ghaffarian Kamal Seyed | Disposition | 81K | — |
| 2025-07-11 | Ghaffarian Kamal Seyed | Sell | 81K | $12.05 |
| 2025-06-06 | Ghaffarian Kamal Seyed | Sell | 40K | $12.04 |
| 2025-06-06 | Ghaffarian Kamal Seyed | Option exercise | 40K | — |
| 2025-06-06 | Ghaffarian Kamal Seyed | Disposition | 40K | — |
| 2025-06-05 | BLITZER MICHAEL | Grant | 18K | — |
| 2025-06-05 | Masson Robert L. II | Grant | 18K | — |
| 2025-06-05 | Ghaffarian Kamal Seyed | Grant | 23K | — |
| 2025-06-05 | Seligman Nicole | Grant | 18K | — |
| 2025-06-05 | Liquori William John Jr | Grant | 18K | — |
| 2025-05-19 | Ghaffarian Kamal Seyed | Option exercise | 40K | — |
| 2025-05-19 | Ghaffarian Kamal Seyed | Disposition | 40K | — |
| 2025-05-19 | Ghaffarian Kamal Seyed | Sell | 40K | $12.02 |
| 2025-05-13 | Ghaffarian Kamal Seyed | Option exercise | 161K | — |
| 2025-05-13 | Ghaffarian Kamal Seyed | Sell | 161K | $12.10 |
| 2025-05-13 | McGrath Peter | Sell | 72K | $12.00 |
| 2025-05-13 | Ghaffarian Kamal Seyed | Disposition | 161K | — |
| 2025-05-12 | Jones Anna Chiara | Sell | 15K | $10.00 |
| 2025-04-15 | Jones Anna Chiara | Sell | 9.5K | $7.71 |
| 2025-04-15 | McGrath Peter | Sell | 38K | $7.71 |
| 2025-04-14 | Jones Anna Chiara | Sell | 15K | $8.00 |
| 2025-04-11 | McGrath Peter | Tax withheld | 25K | $7.72 |
| 2025-04-11 | Crain Timothy Price II | Tax withheld | 8.5K | $7.72 |
| 2025-04-11 | Altemus Stephen J | Tax withheld | 14K | $7.72 |
| 2025-04-11 | Jones Anna Chiara | Tax withheld | 3.0K | $7.72 |
| 2025-03-31 | Ghaffarian Kamal Seyed | Other | 1.3M | — |
| 2025-02-11 | Vontur Steven | Sell | 4.5K | $19.60 |
| 2025-02-07 | Altemus Stephen J | Grant | 190K | — |
| 2025-02-07 | McGrath Peter | Tax withheld | 13K | $18.40 |
| 2025-02-07 | McGrath Peter | Grant | 54K | — |
| 2025-02-07 | Crain Timothy Price II | Tax withheld | 17K | $18.40 |
| 2025-02-07 | Crain Timothy Price II | Grant | 68K | — |
| 2025-02-07 | Jones Anna Chiara | Tax withheld | 8.3K | $18.40 |
| 2025-02-07 | Jones Anna Chiara | Grant | 35K | — |
| 2025-02-07 | Vontur Steven | Tax withheld | 3.4K | $18.40 |
| 2025-02-07 | Vontur Steven | Grant | 14K | — |
| 2025-02-07 | Altemus Stephen J | Tax withheld | 61K | $18.40 |
| 2025-02-05 | BLITZER MICHAEL | Disposition | 941K | $22.00 |
| 2025-02-03 | Crain Timothy Price II | Other | 1.1M | — |
| 2025-02-03 | Ghaffarian Kamal Seyed | Other | 4.6M | — |
| 2025-02-03 | BLITZER MICHAEL | Option exercise | 1.8M | $11.50 |
| 2025-02-03 | Altemus Stephen J | Other | 1.8M | — |
| 2025-01-31 | Vontur Steven | Sell | 9.3K | $22.50 |
| 2025-01-29 | Vontur Steven | Tax withheld | 6.5K | $20.87 |
| 2025-01-06 | Crain Timothy Price II | Option exercise | 236K | — |
| 2025-01-06 | Crain Timothy Price II | Sell | 236K | $22.03 |
| 2025-01-06 | Crain Timothy Price II | Disposition | 236K | — |
| 2025-01-03 | Crain Timothy Price II | Sell | 64K | $22.02 |
| 2025-01-03 | Crain Timothy Price II | Option exercise | 64K | — |
| 2025-01-03 | Crain Timothy Price II | Disposition | 64K | — |
| 2024-12-31 | Ghaffarian Kamal Seyed | Disposition | 570K | — |
| 2024-12-30 | Ghaffarian Kamal Seyed | Option exercise | 378K | — |
| 2024-12-30 | Ghaffarian Kamal Seyed | Disposition | 378K | — |
| 2024-12-30 | Ghaffarian Kamal Seyed | Sell | 201K | $17.96 |
| 2024-12-30 | Ghaffarian Kamal Seyed | Sell | 177K | $18.79 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Shareholder vote | filing ↗ |
| 2026-06-03 | Material agreementExhibits | filing ↗ |
| 2026-05-14 | ResultsExhibits | filing ↗ |
| 2026-04-01 | Exhibits | filing ↗ |
| 2026-03-19 | ResultsExhibits | filing ↗ |
| 2026-02-27 | Material agreementExhibits | filing ↗ |
| 2026-02-25 | Material agreement3.02Reg FDExhibits | filing ↗ |
| 2026-02-11 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-08 | 0001628280-26-041526 ↗ |
| 8-K | 2026-06-03 | 2026-06-02 | 0001193125-26-254475 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001628280-26-035236 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001628280-26-034807 ↗ |
| 8-K/A | 2026-04-01 | 2026-01-12 | 0001193125-26-137898 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001628280-26-019633 ↗ |
| 10-K | 2026-03-19 | 2025-12-31 | 0001628280-26-019865 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001193125-26-082954 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-068729 ↗ |
| 8-K | 2026-02-11 | 2026-02-05 | 0001628280-26-007275 ↗ |
| 8-K | 2026-01-13 | 2026-01-12 | 0001193125-26-011200 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001628280-25-052039 ↗ |