What were Intuitive Machines' (NASDAQ:LUNR) total revenues for Q1 2026?

Intuitive Machines reported total revenue of $186.7 million for Q1 2026, marking a significant increase from $73.1 million in the same period last year. This explosive growth was driven by the company's acquisition of Lanteris Space Systems and new NASA contracts.

How did the acquisition of Lanteris Space Systems impact Intuitive Machines' growth?

The $800 million acquisition of Lanteris Space Systems in January 2026 expanded Intuitive Machines' satellite manufacturing capabilities and greatly increased its addressable market. This acquisition was a key factor in the company's nearly tripling its revenue year-over-year.

What was Intuitive Machines' adjusted EBITDA for Q1 2026?

Intuitive Machines reported positive adjusted EBITDA of $2.7 million for Q1 2026, marking a significant milestone for the company. This performance was supported by high-margin work across various contracts, including OMES, NSNS, and CLPS missions.

How did Intuitive Machines’ contract backlog perform in Q1 2026?

Intuitive Machines achieved a record-high contracted backlog of $1.1 billion in Q1 2026, a massive $842 million increase from the end of 2025. This backlog reflects the company’s growing footprint in the aerospace sector and its strong pipeline of contracts.

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Intuitive Machines revenue triples as Lanteris integration transforms growth

Q: What was the impact of Intuitive Machines' contracts on its Q1 2026 performance?

Intuitive Machines' strong performance was bolstered by high-margin work across its OMES (Operations Services and Engineering) and NSNS (Near Space Network Services) contracts, alongside its core Commercial Lunar Payload Services (CLPS) missions. These contracts contributed to the company's ability to report positive adjusted EBITDA.

Written by Mahathir BayenaPublished May. 14 2026Last Updated May. 14 2026

Intuitive Machines (NASDAQ:LUNR) reported record-breaking first-quarter results on Thursday, signaling its transition from a specialized lunar landing firm into a scaled aerospace prime contractor.

The Houston-based company saw revenue nearly triple compared to the prior year, fueled by its landmark acquisition of Lanteris Space Systems and a flurry of new multi-million dollar NASA awards.

Intuitive Machines announced that revenue for the quarter ended March 31, 2026, surged to $186.7 million, up from $73.1 million in the first quarter of 2025.

The explosive growth follows the January completion of its $800 million acquisition of Lanteris Space Systems (formerly Maxar Space Systems), a move that has provided the company with established satellite manufacturing capabilities and a massive expansion of its addressable market.

The company reached a significant financial milestone by reporting positive adjusted EBITDA of $2.7 million for the quarter.

While the aerospace sector often faces long lead times for profitability, Intuitive Machines’ performance was bolstered by high-margin work across its OMES (Operations Services and Engineering) and NSNS (Near Space Network Services) contracts, alongside its core Commercial Lunar Payload Services (CLPS) missions.

Contracted backlog reached an all-time high of $1.1 billion, a staggering $842 million increase since the end of 2025.

The company’s momentum continued into the second quarter with the signing of a definitive agreement to acquire Goonhilly Earth Station and its COMSAT subsidiary, which will further solidify its Space Data Network by providing continuous deep-space communication coverage.

Reflecting this trajectory, Intuitive Machines issued aggressive full-year 2026 revenue guidance of $900 million to $1 billion.

The outlook assumes continued success in its upcoming lunar missions, including the recently awarded $180.4 million IM-5 mission, which will be the first CLPS task order to utilize the company’s larger Nova-D cargo-class lander.