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| Date | Value |
|---|---|
| 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 |