Intuitive Machines' stock plummeted 7.79% during intraday trading on Thursday, as the space technology company released its fourth-quarter financial results.
The sharp decline followed the company's report of a wider-than-expected quarterly loss. Intuitive Machines posted a Q4 net loss of $59.7 million, significantly missing the analyst consensus estimate of a $10.6 million loss. Revenue for the quarter came in at $44.8 million, falling short of the $53.7 million expectation and representing an 18.1% decrease from the same period last year.
Operating expenses increased by 14.4%, primarily due to a sharp rise in general and administrative costs, which contributed to the larger net loss. While the company provided optimistic full-year 2026 revenue guidance of $900 million to $1 billion, investors focused on the immediate earnings disappointment, driving the stock lower.
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