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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $206.17M | $186.73M | $44.79M | $52.44M | $50.31M | $62.52M | $54.66M | $58.48M |
| Cost of revenue | $170.30M | $156.62M | $36.30M | $46.77M | $62.16M | $55.85M | $53.98M | $54.36M |
| Gross profit | $35.87M | $30.11M | $8.49M | $5.67M | −$11.84M | $6.68M | $679.00K | $4.12M |
| Gross margin | 17.4% | 16.1% | 19.0% | 10.8% | -23.5% | 10.7% | 1.2% | 7.0% |
| Research and development | $7.73M | $5.59M | $0 | — | $461.00K | $911.00K | $0 | — |
| Selling, general and administrative | $60.35M | $50.67M | $40.18M | $20.27M | $15.58M | $15.22M | $13.54M | $12.32M |
| Operating expenses | $83.89M | $69.31M | $41.58M | $21.09M | $16.80M | $16.75M | $14.08M | $17.85M |
| Operating income | −$48.03M | −$39.20M | −$33.10M | −$15.42M | −$28.64M | −$10.08M | −$13.40M | −$13.72M |
| Operating margin | -23.3% | -21.0% | -73.9% | -29.4% | -56.9% | -16.1% | -24.5% | -23.5% |
| EBITDA | −$33.10M | −$26.15M | −$31.69M | −$14.60M | −$27.89M | −$9.45M | −$12.86M | −$8.20M |
| Interest income | $1.48M | $1.43M | $5.52M | $4.83M | $3.50M | $1.42M | $154.00K | $44.00K |
| Interest expense | −$4.48M | −$4.89M | −$2.74M | −$1.34M | −$72.00K | −$26.00K | −$5.00K | −$13.00K |
| Income before taxes | −$62.83M | −$52.53M | −$55.70M | −$9.96M | −$38.21M | $975.00K | −$165.15M | −$80.36M |
| Income taxes | $8.00K | $2.00K | $3.96M | $5.00K | $0 | $0 | −$13.00K | $50.00K |
| Net income | −$62.84M | −$52.53M | −$59.66M | −$9.96M | −$38.21M | $975.00K | −$165.14M | −$80.41M |
| Net margin | -30.5% | -28.1% | -133.2% | -19.0% | -75.9% | 1.6% | -302.1% | -137.5% |
| EPS, basic | −$0.29 | −$0.25 | −$0.34 | −$0.06 | −$0.22 | −$0.11 | −$1.72 | −$0.83 |
| EPS, diluted | −$0.29 | −$0.25 | −$0.34 | −$0.06 | −$0.22 | −$0.11 | −$1.87 | −$0.83 |
| Diluted shares | 162.17M | 147.88M | 119.37M | 117.82M | 117.43M | 107.08M | 79.68M | 67.07M |
Figures describe Intuitive Machines shares, not any token. As of Aug 13, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.