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

Intuitive Machines' (LUNR) quarterly Operating Expenses came in at $225.9 million in Q1 2026, up 211.2% year-on-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) Operating Expenses (2021 - 2026) Analysis & Trends

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

  • On a quarterly basis, Operating Expenses rose 211.2% year-over-year to $225.9 million in Q1 2026; TTM through Mar 2026 was $450.6 million, a 59.79% increase from a year earlier, with the FY2025 full-year figure at $297.3 million, up 4.17% from the prior year.
  • Operating Expenses for Q1 2026 stood at $225.9 million, up from $77.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for LUNR reached as high as $225.9 million in Q1 2026 and fell as low as $21.4 million in Q2 2022.
  • Historically, Operating Expenses has averaged $61.4 million across 5 years, with a median of $67.9 million in 2025.
  • Across the five-year window, Operating Expenses surged 101422.75% in 2022 and fell 6.02% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $27.4 million in 2022, then soared by 39.21% to $38.1 million in 2023, then jumped by 78.72% to $68.1 million in 2024, then increased by 14.43% to $77.9 million in 2025, then surged by 190.1% to $225.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $225.9 million in Q1 2026, $77.9 million in Q4 2025, and $67.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 369.74 Bn 360.40 Bn -3.10 Bn 10.86 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 21.96 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn -
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 750.00 Mn
10 Intuitive Machines 1.77 Bn 1.52 Bn 178.23 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