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Intuitive Machines vs Nextnav: revenue, profit, margins and growth compared

Intuitive Machines brought in $210.1M of revenue in fiscal 2025, Nextnav $4.6M in fiscal 2025. Revenue changed by -7.9% at Intuitive Machines and -19.3% at Nextnav on the year before, so Intuitive Machines grew faster. Intuitive Machines kept -39.7% of its revenue as net profit, Nextnav -4,138.5%. Free cash flow was -$56M at Intuitive Machines and -$50.8M at Nextnav.

Side by side, latest fiscal year

LUNRNN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$210.1M$4.6M
Revenue growth-7.9%-19.3%
Net income-$83.3M-$189.3M
Net margin-39.7%-4,138.5%
Free cash flow-$56M-$50.8M
Free cash flow margin-26.6%-1,110.8%
Earnings per share (diluted)-$0.73-$1.42
Cash$582.6M$44.8M
Debt$335.3M$273.6M
Price to earningsn/an/a
Market value$3.5B$2.4B
Dividend yieldn/an/a
Rank by revenue in sector#376 of 587 · Industrials#527 of 587 · Industrials

Over the years

Revenue
LUNR FY2022: $85.9MLUNR FY2023: $79.6MLUNR FY2024: $228MLUNR FY2025: $210.1MNN FY2021: $569KNN FY2021: $763KNN FY2022: $3.9MNN FY2023: $3.9MNN FY2024: $5.7MNN FY2025: $4.6MFY21FY22FY23FY24FY25
LUNR $210.1MNN $4.6M
Net income
LUNR FY2022: -$190.4KLUNR FY2023: $61.8MLUNR FY2024: -$283.4MLUNR FY2025: -$83.3MNN FY2021: -$137.3MNN FY2021: -$144.7MNN FY2022: -$40.1MNN FY2023: -$71.7MNN FY2024: -$101.9MNN FY2025: -$189.3MFY21FY22FY23FY24FY25
LUNR -$83.3MNN -$189.3M
Net margin
LUNR FY2022: -0.2%LUNR FY2023: 77.6%LUNR FY2024: -124.3%LUNR FY2025: -39.7%NN FY2021: -24,136.4%NN FY2021: -18,960.2%NN FY2022: -1,021.8%NN FY2023: -1,857.5%NN FY2024: -1,797.1%NN FY2025: -4,138.5%FY21FY22FY23FY24FY25
LUNR -39.7%NN -4,138.5%
Revenue growth
LUNR FY2023: -7.4%LUNR FY2024: +186.6%LUNR FY2025: -7.9%NN FY2021: +34.1%NN FY2022: +414.5%NN FY2023: -1.6%NN FY2024: +46.8%NN FY2025: -19.3%FY21FY22FY23FY24FY25
LUNR -7.9%NN -19.3%
Free cash flow
LUNR FY2022: -$15.6MLUNR FY2023: -$75.2MLUNR FY2024: -$67.7MLUNR FY2025: -$56MNN FY2021: -$34.8MNN FY2021: -$49MNN FY2022: -$40.1MNN FY2023: -$38.2MNN FY2024: -$38.4MNN FY2025: -$50.8MFY21FY22FY23FY24FY25
LUNR -$56MNN -$50.8M

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

Questions about Intuitive Machines and Nextnav

Which is bigger by revenue, Intuitive Machines or Nextnav?

Intuitive Machines is bigger by revenue: $210.1M in fiscal 2025, against $4.6M for Nextnav in fiscal 2025.

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

Intuitive Machines had a net margin of -39.7% in fiscal 2025; Nextnav had -4,138.5% in fiscal 2025.

Which grew revenue faster, Intuitive Machines or Nextnav?

In their latest fiscal years revenue changed by -7.9% at Intuitive Machines and -19.3% at Nextnav.

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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