INTUITIVE MACHINES, INC. (LUNR) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

Swipe to see the full flow
INTUITIVE MACHINES, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Remaining financing cash flows, net (calculated) → financing reconciliation: $220,347,000.00financing reconciliation → Net cash from financing activities: $219,115,000.00financing reconciliation → Payment of withholding taxes from share-based awards: $1,232,000.00Net cash used in investing activities → investing reconciliation: $26,348,000.00investing reconciliation → Purchase of property and equipment: $24,065,000.00investing reconciliation → Acquisition of businesses, net of cash acquired: $2,283,000.00Net cash used in operating activities → operating reconciliation: $57,110,000.00Depreciation and amortization → operating reconciliation: $14,927,000.00Change in fair value of warrant liabilities → operating reconciliation: $11,622,000.00Contract liabilities – current and long-term → operating reconciliation: $11,277,000.00Share-based compensation expense → operating reconciliation: $10,491,000.00Orbital receivables, net → operating reconciliation: $8,457,000.00Other liabilities → operating reconciliation: $5,013,000.00Remaining operating cash flows, net (calculated) → operating reconciliation: $2,692,000.00Change in fair value of contingent consideration liabilities → operating reconciliation: $890,000.00Amortization of debt discount and issuance costs → operating reconciliation: $509,000.00Accounts payable – affiliated companies → operating reconciliation: $465,000.00operating reconciliation → Net loss: $62,841,000.00operating reconciliation → Accounts payable and accrued expenses: $26,086,000.00operating reconciliation → Trade and other receivables, net - Nonrelated Party: $14,654,000.00operating reconciliation → Other assets, net: $6,665,000.00operating reconciliation → Pension and other postretirement benefits: $3,291,000.00operating reconciliation → Prepaid expenses: $2,993,000.00operating reconciliation → Contract assets: $2,971,000.00operating reconciliation → Inventory, net: $2,068,000.00operating reconciliation → Other: $1,884,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $243,365,000.00Net cash from financing activities → Cash sources and uses: $219,115,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $379,022,000.00Cash sources and uses → Net cash used in investing activities: $26,348,000.00Cash sources and uses → Net cash used in operating activities: $57,110,000.00Net loss: -$62,841,000.00Net loss−$62.84 MDepreciation and amortization: $14,927,000.00Depreciation & amortization+$14.93 MProvision for credit losses: $0.00Amortization of debt discount and issuance costs: $509,000.00Debt cost amortization+$509.00 KShare-based compensation expense: $10,491,000.00Stock-based compensation+$10.49 MChange in fair value of earn-out liabilities: $0.00Change in fair value of warrant liabilities: $11,622,000.00Warrant fair value+$11.62 MChange in fair value of contingent consideration liabilities: $890,000.00Contingent consideration change+$890.00 KOther: -$1,884,000.00Other non-cash items−$1.88 MTrade and other receivables, net - Nonrelated Party: -$14,654,000.00Accounts receivable−$14.65 MInventory, net: -$2,068,000.00Inventories−$2.07 MContract assets: -$2,971,000.00Contract assets−$2.97 MPrepaid expenses: -$2,993,000.00Prepaid expenses−$2.99 MOrbital receivables, net: $8,457,000.00Orbital receivables, net+$8.46 MOther assets, net: -$6,665,000.00Other operating assets−$6.67 MAccounts payable and accrued expenses: -$26,086,000.00Payables & accrued liabilities−$26.09 MAccounts payable – affiliated companies: $465,000.00Affiliate payables+$465.00 KContract liabilities – current and long-term: $11,277,000.00Deferred revenue+$11.28 MPension and other postretirement benefits: -$3,291,000.00Pension & retiree obligations−$3.29 MOther liabilities: $5,013,000.00Other operating liabilities+$5.01 MRemaining operating cash flows, net (calculated): $2,692,000.00Remaining operating (calculated)+$2.69 MNet cash used in operating activities: -$57,110,000.00. Cash required to fund net payments.Operating cash−$57.11 Moperating reconciliation: $123,453,000.00Warrants exercised: $0.00Redemption of warrants: -$0.00Repurchase of Class A Common Stock: -$0.00Payment of withholding taxes from share-based awards: -$1,232,000.00Stock-award tax withholding−$1.23 MRemaining financing cash flows, net (calculated): $220,347,000.00Remaining financing (calculated)+$220.35 MNet cash from financing activities: $219,115,000.00Financing cash+$219.12 Mfinancing reconciliation: $220,347,000.00Purchase of property and equipment: -$24,065,000.00PP&E purchases−$24.07 MAcquisition of businesses, net of cash acquired: -$2,283,000.00Acquisitions, net of cash−$2.28 MNet cash used in investing activities: -$26,348,000.00. Cash required to fund net payments.Investing cash−$26.35 Minvesting reconciliation: $26,348,000.00Cash sources and uses: $462,480,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $243,365,000.00Beginning cash$243.37 MEnding cash: Cash, cash equivalents, and restricted cash: $379,022,000.00Ending cash$379.02 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$62.84M + net operating adjustments $5.73M = operating cash −$57.11MFree cash flow−$81.18 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$135.66 MEnding cash − beginning cash
Chart details

INTUITIVE MACHINES, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
243,365,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 57,110,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Securitization liabilities), so those amounts cannot be separated for this quarter. It may combine inflows and outflows.
Net loss
negative 62,841,000 US dollars
Depreciation and amortization
14,927,000 US dollars
Provision for credit losses
0 US dollars
Amortization of debt discount and issuance costs
509,000 US dollars
Share-based compensation expense
10,491,000 US dollars
Change in fair value of earn-out liabilities
0 US dollars
Change in fair value of warrant liabilities
11,622,000 US dollars
Change in fair value of contingent consideration liabilities
890,000 US dollars
Other
negative 1,884,000 US dollars
Trade and other receivables, net - Nonrelated Party
negative 14,654,000 US dollars
Inventory, net
negative 2,068,000 US dollars
Contract assets
negative 2,971,000 US dollars
Prepaid expenses
negative 2,993,000 US dollars
Orbital receivables, net
8,457,000 US dollars
Other assets, net
negative 6,665,000 US dollars
Accounts payable and accrued expenses
negative 26,086,000 US dollars
Accounts payable – affiliated companies
465,000 US dollars
Contract liabilities – current and long-term
11,277,000 US dollars
Pension and other postretirement benefits
negative 3,291,000 US dollars
Other liabilities
5,013,000 US dollars
Remaining operating cash flows, net (calculated)
2,692,000 US dollars
Investing activities
negative 26,348,000 US dollars. Net cash used.
Purchase of property and equipment
negative 24,065,000 US dollars
Acquisition of businesses, net of cash acquired
negative 2,283,000 US dollars
Financing activities
219,115,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date, and the prior quarter's tagged financing lines do not add up to its total. The prior quarter reported part of this section under different lines (Proceeds from issuance of securities), so Settlement of securitization facility, Proceeds from issuance of securities, Transaction costs related to the issuance of securities and Distributions to noncontrolling interests cannot be separated for this quarter. It may combine inflows and outflows.
Warrants exercised
0 US dollars
Redemption of warrants
0 US dollars
Repurchase of Class A Common Stock
0 US dollars
Payment of withholding taxes from share-based awards
negative 1,232,000 US dollars
Remaining financing cash flows, net (calculated)
220,347,000 US dollars
Operating adjustment reconciliation
123,453,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing displayed reconciliation
220,347,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
26,348,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
379,022,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
462,480,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
135,657,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 57,110,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
24,065,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 81,175,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$62.84M + net operating adjustments $5.73M = operating cash −$57.11M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 57,110,000 US dollars minus 24,065,000 US dollars equals negative 81,175,000 US dollars.
INTUITIVE MACHINES, INC. (LUNR) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!