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Intuitive Machines vs Mind Technology: revenue, profit, margins and growth compared

Intuitive Machines brought in $210.1M of revenue in fiscal 2025, Mind Technology $40.9M in fiscal 2026. Revenue changed by -7.9% at Intuitive Machines and -12.6% at Mind Technology on the year before, so Intuitive Machines grew faster. Intuitive Machines kept -39.7% of its revenue as net profit, Mind Technology 1.8%. Free cash flow was -$56M at Intuitive Machines and $1.9M at Mind Technology.

Side by side, latest fiscal year

LUNRMIND
Fiscal year endedFY2025 (December 31, 2025)FY2026 (January 31, 2026)
Revenue$210.1M$40.9M
Revenue growth-7.9%-12.6%
Net income-$83.3M$750K
Net margin-39.7%1.8%
Free cash flow-$56M$1.9M
Free cash flow margin-26.6%4.7%
Earnings per share (diluted)-$0.73$0.09
Cash$582.6M$19.1M
Debt$335.3Mn/a
Price to earningsn/a48.3
Market value$3.6B$39.5M
Dividend yieldn/an/a
Rank by revenue in sector#355 of 451 · Industrials#409 of 451 · Industrials

Over the years

Revenue
LUNR FY2022: $85.9MLUNR FY2023: $79.6MLUNR FY2024: $228MLUNR FY2025: $210.1MMIND FY2019: $42.9MMIND FY2020: $42.7MMIND FY2021: $21.2MMIND FY2022: $23.1MMIND FY2023: $25MMIND FY2024: $36.5MMIND FY2025: $46.9MMIND FY2026: $40.9MFY19FY20FY21FY22FY23FY24FY25FY26
LUNR $210.1MMIND $40.9M
Net income
LUNR FY2022: -$190.4KLUNR FY2023: $61.8MLUNR FY2024: -$283.4MLUNR FY2025: -$83.3MMIND FY2019: -$19.8MMIND FY2020: -$11.3MMIND FY2021: -$20.3MMIND FY2022: -$15.1MMIND FY2023: -$8.8MMIND FY2024: $274KMIND FY2025: $5.1MMIND FY2026: $750KFY19FY20FY21FY22FY23FY24FY25FY26
LUNR -$83.3MMIND $750K
Net margin
LUNR FY2022: -0.2%LUNR FY2023: 77.6%LUNR FY2024: -124.3%LUNR FY2025: -39.7%MIND FY2019: -46.2%MIND FY2020: -26.4%MIND FY2021: -95.7%MIND FY2022: -65.3%MIND FY2023: -35.3%MIND FY2024: 0.8%MIND FY2025: 10.8%MIND FY2026: 1.8%FY19FY20FY21FY22FY23FY24FY25FY26
LUNR -39.7%MIND 1.8%
Revenue growth
LUNR FY2023: -7.4%LUNR FY2024: +186.6%LUNR FY2025: -7.9%MIND FY2020: -0.6%MIND FY2021: -50.3%MIND FY2022: +8.9%MIND FY2023: +8.2%MIND FY2024: +46.0%MIND FY2025: +28.4%MIND FY2026: -12.6%FY20FY21FY22FY23FY24FY25FY26
LUNR -7.9%MIND -12.6%
Free cash flow
LUNR FY2022: -$15.6MLUNR FY2023: -$75.2MLUNR FY2024: -$67.7MLUNR FY2025: -$56MMIND FY2019: -$6.3MMIND FY2020: -$6.9MMIND FY2021: -$6.5MMIND FY2022: -$18MMIND FY2023: -$3.5MMIND FY2024: -$5.3MMIND FY2025: $214KMIND FY2026: $1.9MFY19FY20FY21FY22FY23FY24FY25FY26
LUNR -$56MMIND $1.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Intuitive Machines and Mind Technology

Which is bigger by revenue, Intuitive Machines or Mind Technology?

Intuitive Machines is bigger by revenue: $210.1M in fiscal 2025, against $40.9M for Mind Technology in fiscal 2026.

Which keeps more of its revenue as profit, Intuitive Machines or Mind Technology?

Intuitive Machines had a net margin of -39.7% in fiscal 2025; Mind Technology had 1.8% in fiscal 2026.

Which grew revenue faster, Intuitive Machines or Mind Technology?

In their latest fiscal years revenue changed by -7.9% at Intuitive Machines and -12.6% at Mind Technology.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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