Intuitive Machines, Inc. — Form 8-K
Filed August 13, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Intuitive Machines reported Q2 2026 revenue of $206M (4× YoY), ended with $1.8B backlog (+$1.5B vs. YE 2025), and closed the Goonhilly Earth Station and COMSAT acquisition in August. Company booked $920M in Q2 awards plus $300M in Q3 YTD, signed $600M+ GEO satellite contract, won sixth CLPS lander mission, and expanded national security revenue from 3% to 30%. Cash position: $367M; full-year 2026 guidance: $900M–$1B revenue with positive Adjusted EBITDA. Company remains unprofitable (net loss $115.4M H1 2026) but significantly grew order book and diversified customer base.
Why this rating
Strong backlog growth ($1.8B ≈ 138% of market cap) and revenue 4× YoY signal momentum, but company still unprofitable with negative FCF and ongoing operating losses relative to business size.
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