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
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