Analyst Ratings

Date	Action	Analyst	Rating	Target
May-20-26	Reiterated	Deutsche Bank	Buy	$22 → $34
May-19-26	Reiterated	Cantor Fitzgerald	Overweight	$16 → $43
May-15-26	Reiterated	Stifel Nicolaus		$22 → $32
May-15-26	Reiterated	Canaccord Genuity	Buy	$23 → $41
Apr-29-26	Reiterated	Keybanc	Overweight	$26 → $27
Apr-17-26	Reiterated	Roth Capital	Buy	$20 → $35
Jan-28-26	Reiterated	Keybanc	Overweight	$20 → $26
Jan-12-26	Reiterated	Canaccord Genuity	Buy	$13 → $23
Jan-09-26	Reiterated	Stifel Nicolaus		$18 → $20
Jan-09-26	Downgrade	Stifel	Buy → Hold

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	334	210	228	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	248	177	190
Gross Profit	86	33	38
Selling, General and Administrative Excl. Other	127	93	53
Research and Development	6	0	0
Other Operating Expense	70	27	42
Operating Income	-116	-87	-57
Interest Expense	9	4	0
Unusual Expense	—	—	—
Non-Operating Income (Expense)	31	11	-5
Net Income Before Taxes	-157	-103	-347
Income Taxes	4	4	0
Consolidated Net Income	-124	-83	-283
Net Income From Continuing Operations	-161	-107	-347
Net Income	-124	-83	-283
EPS (Recurring)	-0.89	-0.70	-4.63
EPS (Basic, Before Extraordinaries)	-0.89	-0.70	-4.63
EPS (Diluted)	-0.89	-0.70	-4.63
EBITDA	-132	-95	-50
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	—	—	—
Price To Sales Ratio	10.13	9.20	—
Gross Margin	25.75	15.71	16.67
Operating Margin	-34.73	-41.43	-25.00
Net Margin	-37.13	-39.52	-124.12
Shares Outstanding	148	119	61
Market Capitalization	3,382	1,931	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Ghaffarian Kamal Seyed	director, 10 percent owner:	Jun 15 '26	Sale	26.15	141,909	3,711,464	3,494,768	Jun 17 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	Jun 15 '26	Option Exercise	0.00	283,818	0	34,930,085	Jun 17 12:00 AM
Liquori William John Jr	Director	Jun 08 '26	Sale	29.87	18,321	547,248	68,875	Jun 08 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	Jun 01 '26	Option Exercise	0.00	283,818	0	35,071,994	Jun 03 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	Jun 01 '26	Sale	39.02	141,909	5,536,840	3,494,768	Jun 03 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	May 18 '26	Sale	34.25	141,909	4,860,440	3,494,768	May 20 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	May 18 '26	Option Exercise	0.00	283,818	0	35,213,903	May 20 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	May 04 '26	Option Exercise	0.00	283,818	0	35,355,812	May 06 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	May 04 '26	Sale	25.14	141,909	3,567,575	3,494,768	May 06 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	Apr 20 '26	Option Exercise	0.00	283,818	0	35,497,721	Apr 22 12:00 AM
Ghaffarian Kamal Seyed	director, 10 percent owner:	Apr 20 '26	Sale	28.16	141,909	3,995,956	3,494,768	Apr 22 12:00 AM
McGrath Peter	SVP and CFO	Apr 15 '26	Sale	23.61	24,554	579,671	401,246	Apr 16 12:00 AM
Jones Anna Chiara	SVP, CLO & Corporate Secretary	Apr 15 '26	Sale	23.61	4,911	115,939	204,289	Apr 16 12:00 AM
Altemus Stephen J	Chief Executive Officer	Apr 15 '26	Sale	23.61	13,751	324,634	1,162,495	Apr 16 12:00 AM
Crain Timothy Price II	SVP & CTO	Apr 15 '26	Sale	23.61	8,447	199,417	351,279	Apr 16 12:00 AM


Market Cap	4.93B	Forward P/E	822.59	EPS next Y	0.03	Insider Trans	2.02%	Shs Float	-	Perf Month	-29.61%


Enterprise Value	3.94B	PEG	-	EPS next Q	-0.05	Inst Own	-	Short Float	-	Perf Quarter	20.84%


Income	-132469200.00	P/S	11.19	EPS this Y	62.08%	Inst Trans	-	Short Ratio	-	Perf Half Y	111.97%


Sales	334.26M	P/B	-	EPS next Y	108.23%	ROA	-7.16%	Short Interest	-	Perf YTD	40.79%


Book/sh	3.37	P/C	-	EPS next 5Y	-	ROE	26.62%	52W High	46.75 -51.12%	Perf Year	123.36%


Cash/sh	1.07	P/FCF	-	EPS past 3/5Y	-	ROIC	-8.75%	52W Low	7.78 193.70%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	-29.96	Sales past 3/5Y	34.66% 36.70%	Gross Margin	25.70%	Volatility	6.38% 9.40%	Perf 5Y	-


Dividend TTM	-	EV/Sales	11.78	EPS Y/Y TTM	90.06%	Oper. Margin	-34.81%	ATR (14)	3.76	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	1.08	Sales Y/Y TTM	46.49%	Profit Margin	-36.80%	RSI (14)	37.80	Recom	2.17


Dividend Gr. 3/5Y	-	Current Ratio	1.22	EPS Q/Q	-25.00%	SMA20	-29.42%	Beta	3.52	Target Price	42.00


Payout	0.00%	Debt/Eq	-1.30	Sales Q/Q	196.83%	SMA50	-23.05%	Rel Volume	1.21	Prev Close	22.72


Employees	435	LT Debt/Eq	1.77	Earnings	Aug 06	SMA200	25.22%	Avg Volume	15.41M	Price	22.85


IPO Date	Nov 17, 2021	Option/Short	Yes / Yes	EPS/Sales Surpr.	-485.07% -7.88%	Net Debt/EBITDA	-1.48	Volume	18,628,393	Change	0.57%

LUNR