On August 13, Intuitive Machines fell 14.6% in regular trading, trading at $15.79/share, with turnover of $79.18 million. The decline was triggered by the company's Q2 earnings report, which significantly missed market expectations on both top and bottom lines.

The company reported a Q2 loss of $0.29 per diluted share, far worse than the analyst consensus estimate of a $0.07-$0.09 loss, representing a miss of over 300%. Revenue came in at $206.2 million, below the consensus estimate of approximately $216-$221 million, though it surged 310% year-over-year from $50.3 million. The company maintained its full-year revenue guidance of $900 million to $1 billion, roughly in line with the analyst estimate of $935.1 million. While backlog reached a record $1.8 billion at quarter-end, the wider-than-expected loss combined with a previously disclosed plan to issue up to $500 million in Class A common stock intensified dilution concerns, weighing heavily on market sentiment.

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