)
Visual21 Nov 2025
Data center suppliers
Intuitive Machines (LUNR) investor relations material
Intuitive Machines Q3 2025 and M&A Announcement earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 and M&A Announcement earnings summary4 Nov, 2025
Executive summary
Announced a definitive agreement to acquire Lanterra/Lanteris Space Systems (formerly Maxar Space Systems) for $800M ($450M cash, $350M stock), expected to close in Q1 2026.
The acquisition creates a vertically integrated, next-generation space prime positioned for commercial, civil, and defense/national security markets, expanding operations from Earth to LEO, MEO, GEO, Moon, Mars, and deep space.
Lanterra/Lanteris brings over 65 years of experience, 300+ spacecraft delivered, 99.99% on-orbit availability, and leadership in commercial communication satellites, spacecraft, and robotics.
Integration aims to unlock high-growth, high-margin revenue streams, accelerate transition to a service-based model, and drive immediate accretion to revenue, adjusted EBITDA, and free cash flow.
Recent achievements include two successful lunar missions, the KinetX acquisition, and new government awards supporting future growth.
Financial highlights
Q3 2025 revenue was $52.4M, primarily from OMS, CLPS, and NSNS programs; nine-month revenue was $165.3M.
Q3 2025 net loss was $10M; adjusted EBITDA was $(13.2)M, an improvement over prior periods.
Combined trailing twelve-month revenue exceeds $850M as of September 30, 2025; Lanteris alone reported ~$630M TTM revenue.
Q3 2025 backlog stood at $235.9M; combined company backlog post-acquisition is $920M.
Ended Q3 2025 with $622M in cash, following a $345M convertible note offering.
Outlook and guidance
Q4 2025 revenue expected to be in line with Q3 due to government shutdown uncertainty.
New outlook for the combined company and updated backlog burn rates to be provided in early 2026.
Acquisition expected to be immediately accretive to revenue, adjusted EBITDA, and free cash flow, with enhanced ability to capture multi-billion dollar pipeline opportunities.
Management expects sufficient liquidity to fund operations and business plan execution for at least the next twelve months.
How will IM amplify Lanteris' growth momentum?
Identify new markets unlocked by this deal.
Future M&A strategy post-Lanteris deal?
Which new market offers highest growth potential?
How does Lanterra enhance IM's service model margins?
What is the capital allocation strategy post-deal?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Intuitive Machines earnings date
Q4 202520 Mar, 2026
Next Intuitive Machines earnings date
Q4 202520 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Intuitive Machines Inc is an American company specializing in space exploration and related services. The company focuses on developing products and services that enable robotic and human exploration beyond Earth, specifically targeting the Moon, Mars, and beyond. Intuitive Machines is known for its expertise in guidance, navigation, and control (GNC), additive manufacturing, engine development, and communications systems. The company is actively involved in completing its lunar program, which aims to provide access to the lunar surface, delivery to lunar orbit, and communications capabilities at lunar distances. The company is headquartered in Houston, Texas, and its shares are listed on the Nasdaq.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage