Slide 1: Investor Update
INVESTOR UPDATE MAY 14, 2026 1 Intuitive Machines | Q1 2026 Financial Update IM
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform government shutdowns or extended continuing resolution and our dependence on U.S. government contracts and the Act of 1995, as amended. The
Slide 3: Business Highlights: Creating the next-generation prime
BUSINESS HIGHLIGHTS Creating the Closed $800 million acquisition of Lanteris Space Systems next-generation Selected by U.S. Space Force in Q2 for Andromeda IDIQ prime Submitted proposals in Q2 for CLPS and LTV in support of NASA Moon Base Signed definitive agreement to Awarded $428.9 million acquire
Slide 4: Record Breaking Financial Highlights
FINANCIAL HIGHLIGHTS RECORD BREAKING QUARTERLY REVENUE PROFITABILITY BACKLOG $186.7 Million Reported record profitability $1.1 billion ~3x Q1 2025 positive Adjusted EBITDA* Q1 2026 revenue mix 35% Commercial 38% Civil 27% National Security *Reconciliations of the differences between non-GAAP financi
Slide 5: Two-phase $20 billion NASA Moon Base
BUILD | CIVIL CLPS 1.0 Increases CLPS 1.0 from $2.6 Two-phase billion to $4.2 billion. $180.4 million IM-5 award in March Q2 submitted CS-8 proposal $20 billion multi-mission delivery solutions CLPS 2.0 nasa moon base $6 billion CLPS 2.0 IDIQ added Focused on heavier cargo payload delivery beyond 20
Slide 6: Build | Civil: IM-3, IM-4, IM-5
BUILD | CIVIL IM-3 IM-4 IM-5 Vertical Assembly Engine Testing $180.4M Award in March 6 Intuitive Machines | Q1 2026 Financial Update IM
Slide 7: SR-1 Freedom nuclear electric propulsion spacecraft
BUILD | CIVIL Sr-1 freedom nuclear electric propulsion spacecraft Power and propulsion element Through Extensive Work Performed on PPE Completed the most powerful solar electric propulsion spacecraft ever built Committed to NASA’s vision to repurpose PPE to serve as the SR-1 Freedom nuclear electric
Slide 8: SXM-11 complete and ready for transportation to launch site
BUILD | COMMERCIAL Sxm-11 complete and ready for transportation to launch SITE 8 Intuitive Machines | Q1 2026 Financial Update IM
Slide 9: EchoStar XXV in-orbit testing complete
BUILD | COMMERCIAL Echostar XXV in-orbit Testing complete and EXPECT HAND off to customer this month 9 Intuitive Machines | Q1 2026 Financial Update IM
Slide 10: Expanding national security portfolio
BUILD | NATIONAL SECURITY Expanding U.S. Space Force Selection for Anticipated $6.24B ceiling Andromeda IDIQ in Q2 Space Domain Awareness in GEO Updated AMDT3 proposal for 18- national 45 spacecraft First 18-spacecraft award expected in June SDA TRANCHE 1 security Delivering to Customer SDA TRANCHE
Slide 11: New acquisition: Goonhilly Earth Station Ltd & COMSAT
CONNECT | GROUND SEGMENT New acquisition Goonhilly earth station ltd & comsat SPACE-PROVEN INFRASTRUCTURE PRIME SPACE-DATA SOLUTION Adding proven global ground station capacity to We are creating a single, resilient, interoperable network our data network. across LEO, MEO, GEO, lunar, and cislunar e
Slide 12: Successfully tracked record-setting Artemis II mission
CONNECT | GROUND SEGMENT Successfully tracked Record-setting artemis ii mission 12 Intuitive Machines | Q1 2026 Financial Update IM
Slide 13: Revised NASA LTV services approach
OPERATE Revised nasa ltv services approach Moon RANGER Moon RIDER Uncrewed LTV solution to align with NASA Ignition Crewed LTV solution submitted to align with NASA Ignition Award expected in the coming weeks Award expected in the coming weeks Designed to operate more than one Designed to operate mo
Slide 14: Finance | Q1 Highlights
FINANCE | Q1 HIGHLIGHTS Closed Lanteris Acquisition Closed $800 million acquisition of Lanteris Space Systems to become a vertically integrated next-generation space prime contractor for commercial, civil and national security space initiatives Record $1.1B Backlog Awarded $428.9 million in new cont
Slide 15: Financials | Revenue
FINANCIALS | REVENUE Reported Q1 revenue does not include 12 days of Lanteris, which was approximately $13 million $186.7 MILLION ~3x Q1 Prior Year Revenue Revenue in Q1 2026 Revenue growth was driven by execution across satellite REVENUE manufacturing, CLPS missions, OMES, and NSNS programs, with $
Slide 16: Financials | Operating Profit/Loss & Adjusted EBITDA
FINANCIALS | OPERATING PROFIT/LOSS & ADJUSTED EBITDA Gross profit increased to $30.1 million, up significantly from $6.7 million in the prior year SG&A was $50.7 million in the ($39.2) MILLION $2.7 MILLION quarter, which includes $20 million Operating Loss in Q1 2026 Adj. EBITDA* in Q1 2026 of one-t
Slide 17: Financials | Backlog
FINANCIALS | BACKLOG Record $1.1 billion backlog, supported by more than $400 million in new bookings during the quarter highlighted by SDA Tranche III in February and our fifth $1.1 BILLION +$842 MILLION CLPS mission (CT-4) in March Backlog* as of March 31, 2026 Increase from year-end 2025 Approxim
Slide 18: Financials | Cash Balance
FINANCIALS | CASH BALANCE Q1 operating cash ($54.8M), capex of ($9.9M), free cash flow* of ($64.6M) Operating cash used included approximately $20M of one-time $231.6 MILLION $582.6 MILLION transaction and integration costs Cash balance as of March 31, 2026 Cash balance as of December 31, 2025 relat
Slide 19: Outlook | 2026
OUTLOOK | 2026 FULL-YEAR 2026 REVENUE OF $900 MILLION - $1 BILLION FULL-YEAR 2026 ADJUSTED EBITDA* POSITIVE *Reconciliations of the differences between non-GAAP financial measures and their most directly comparable GAAP financial measures are available at www.investors.intuitivemachines.com in the l