LUNR Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), LUNR reported revenue of $45M, gross profit of $8M (19.0% gross margin), operating income of −$33M, and net income of −$60M (-133.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
LUNR reported a net loss; revenue fell 18.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −18.1% | +63.9% | +168.9 pp |
| Quarter over quarter | −11.0% | −56.1% | −57.3 pp |
Consensus estimate data is not available for this report.
LUNR Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $45M | 100% |
| Cost of Revenue | −$36M | 81.0% |
| Gross Profit | $8M | 19.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$40M | 89.7% |
| Other Operating Expenses | −$1M | 3.1% |
| Operating Income | −$33M | -73.9% |
| Other Income, net | −$23M | 50.5% |
| Income Tax Expense | −$4M | 8.8% |
| Net Income | −$60M | -133.2% |
Source: original SEC filing (filed 2026-03-19). Accession 0001628280-26-019633. Data normalized by EarningsFyi.