Intuitive Machines (LUNR) Operating Expenses (2021 - 2026)
Intuitive Machines (LUNR) posted quarterly 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% quarter-over-quarter from $77.9 million in Q4 2025.
Intuitive Machines (LUNR) Operating Expenses (2021 - 2026) Analysis & Trends
Intuitive Machines (LUNR) has reported Operating Expenses for 6 consecutive years, with $225.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 211.2% year-over-year to $225.9 million; the TTM figure through Mar 2026 stood at $450.6 million (up 59.79% YoY), while the FY2025 annual figure was $297.3 million, up 4.17% from the prior year.
- Operating Expenses advanced 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.
- Historically, Operating Expenses has averaged $61.4 million across 5 years, with a median of $67.9 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 101422.75% — and 2025, when it decreased 6.02%.
- Intuitive Machines' Operating Expenses 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 climbed by 14.43% to $77.9 million in 2025, then soared by 190.1% to $225.9 million in 2026.
- Business Quant data shows LUNR's Operating Expenses at $225.9 million in Q1 2026, $77.9 million in Q4 2025, and $67.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | 332.00 Mn |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 499.67 Mn |
| 10 | Intuitive Machines | 2.99 Bn | 2.61 Bn | 35.87 Mn | 253.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 253.30 Mn |
| 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 |