Growth Metrics

Intuitive Machines (LUNR) Operating Expenses (2021 - 2026)

Intuitive Machines (LUNR) reported Operating Expenses of $225.9 million for Q1 2026, up 211.2% year-over-year from $72.6 million in Q1 2025, and up 190.1% on a QoQ basis from $77.9 million in Q4 2025.

Intuitive Machines (LUNR) has 6 years of Operating Expenses data on file, last reported at $225.9 million in Q1 2026.

  • Quarterly Operating Expenses rose 211.2% year-over-year to $225.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $450.6 million (up 59.79% YoY) and the FY2025 annual result came in at $297.3 million, up 4.17% from the prior year.
  • Operating Expenses rose to $225.9 million in Q1 2026 per LUNR's latest filing, from $77.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $225.9 million in Q1 2026 and bottomed at $21.4 million in Q2 2022.
  • The 5-year median for Operating Expenses is $67.9 million (2025), against an average of $61.4 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 142453.06%; it then fell 6.02% in 2025.
  • Tracing LUNR's Operating Expenses over 5 years: stood at $27.4 million in 2022, then jumped by 39.21% to $38.1 million in 2023, then surged by 78.72% to $68.1 million in 2024, then rose by 14.43% to $77.9 million in 2025, then soared by 190.1% to $225.9 million in 2026.
  • Per Business Quant, the three latest LUNR Operating Expenses figures stand at $225.9 million (Q1 2026), $77.9 million (Q4 2025), and $67.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 10.18 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 19.59 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 12.06 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn 132.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn 8.89 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 273.00 Mn
10 Intuitive Machines 5.66 Bn 5.42 Bn 183.13 Mn 225.93 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 225.93 Mn
Dec 31, 2025 77.88 Mn
Sep 30, 2025 67.86 Mn
Jun 30, 2025 78.95 Mn
Mar 31, 2025 72.60 Mn
Dec 31, 2024 68.06 Mn
Sep 30, 2024 72.20 Mn
Jun 30, 2024 69.14 Mn
Mar 31, 2024 75.99 Mn
Dec 31, 2023 38.08 Mn
Sep 30, 2023 36.74 Mn
Jun 30, 2023 32.16 Mn
Mar 31, 2023 33.69 Mn
Dec 31, 2022 27.36 Mn
Sep 30, 2022 22.07 Mn
Jun 30, 2022 21.44 Mn
Mar 31, 2022 22.97 Mn
Dec 31, 2021 449,716.00
Sep 30, 2021 21,737.00
Mar 31, 2021 16,114.00