Intuitive Machines (LUNR) Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, March 19, 2026 astatine 9:06 AM CDT 36 min read

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Thursday, March 19, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Stephen Altemus

• Chief Financial Officer — Peter McGrath

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Stephen Altemus, and Chief Financial Officer, Peter McGrath, are starring the telephone today. Before we begin, delight enactment that immoderate of the accusation discussed during today's telephone volition dwell of forward-looking statements, mounting distant our existent expectations with respect to the aboriginal of our business, the economy, and different events. The company's existent results could disagree materially from those indicated successful immoderate forward-looking statements owed to galore factors. These factors are described nether forward-looking statements successful the company's net property merchandise and the company's astir caller 10-Ks and 10-Qs filed with the SEC. We bash not undertake immoderate work to update forward-looking statements.

We besides expect to sermon definite fiscal measures and accusation that are non-GAAP measures arsenic defined successful the applicable SEC rules and regulations. Reconciliations to the company's GAAP measures are included successful the net merchandise filed connected Form 8-Ks. Finally, we posted an net telephone presumption to our website which provides further discourse connected our operational and fiscal performance. You tin find this presumption connected our capitalist relations leafage astatine intuitivemachines.com/investors. I volition present crook the telephone implicit to Stephen Altemus.

Stephen Altemus: Good morning, everyone. 2025 was a transformational twelvemonth for Intuitive Machines, Inc. We began with a absorption connected execution and growth. As we look backmost and bespeak we completed our 2nd lunar mission, expanded into nationalist information abstraction programs, closed the acquisition of Kinetics Aerospace, and announced the acquisition of Lantaris Space Systems. Looking forward, these acquisitions importantly grow our scale, addressable market, and maturation opportunities. As a result, we expect 2026 gross to attack $1 billion, astir a 5x summation from 2025. Our combined portfolio has a diversified gross premix with astir 40% commercialized business, 40% civilian space, and 20% nationalist information customers, evolving towards a balanced portfolio crossed each 3 lawsuit bases.

Today, the United States' strategical value of the satellite continues to intensify with the President's enforcement bid to pb the satellite successful abstraction exploration and instrumentality Americans to the satellite by 2028. To bash so, NASA is presently preparing for Artemis II portion reformulating Artemis III. In parallel, the bureau has accrued the cadence of robotic and quality missions going to the satellite to vie with China. Our strategy volition proceed to beryllium moon-first infrastructure, and we are focused connected increasing the concern crossed each abstraction domains: LEO, GEO, cislunar, and retired to Mars and beyond.