• Intuitive Machines posted Q1 2026 revenue of $186.7 million, about 3x Q1 2025, with 35% from commercial customers, 38% from civil, and 27% from national security.
• Operating loss widened to $39.2 million, while adjusted EBITDA swung to a positive $2.7 million from negative a year earlier.
• Backlog climbed to $1.1 billion as of March 31, up $842 million from year-end 2025, with about 60% to 65% expected to convert to revenue in 2026.
• Cash fell to $231.6 million as of March 31 from $582.6 million at Dec. 31, 2025; free cash flow was negative $64.6 million.
• Highlights included closing an $800 million acquisition of Lanteris Space Systems, signing a definitive agreement to acquire Goonhilly Earth Station and COMSAT, and raising full-year 2026 revenue outlook to $900 million-$1 billion with adjusted EBITDA expected to be positive.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intuitive Machines Inc. published the original content used to generate this news brief on May 14, 2026, and is solely responsible for the information contained therein.