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% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $225.9 million, up 211.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $450.6 million (up 59.79% YoY), and the FY2025 annual result was $297.3 million, up 4.17% from the prior year.
- Operating Expenses improved to $225.9 million in Q1 2026 per LUNR's latest filing, from $77.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $225.9 million in Q1 2026 and troughed at $21.4 million in Q2 2022.
- A 5-year average of $61.4 million and a median of $67.9 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 142453.06% in 2022, then decreased 6.02% in 2025.
- A 5-year view of Operating Expenses shows it 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 advanced by 14.43% to $77.9 million in 2025, then surged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 1.85 Mn |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 10.18 Bn |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 19.59 Bn |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 2.10 Bn |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | - |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 120.00 Mn |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 12.06 Bn |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 8.89 Bn |
| 10 | Intuitive Machines | 3.80 Bn | 3.56 Bn | 183.13 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 |
| Mar 31, 2021 | 16,114.00 |