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Side-by-side financial comparison of Intuitive Machines, Inc. (LUNR) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

Intuitive Machines, Inc. is the larger business by last-quarter revenue ($43.3M vs $28.8M, roughly 1.5× X4 Pharmaceuticals, Inc). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -92.1%, a 93.1% gap on every dollar of revenue.

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. Today the company offers lunar surface access for transportation and payload delivery, data transmission services, and infrastructure-as-a-service. Intuitive Machines holds three NASA contracts under the space agency's Commercial Lunar Payload Services (CLPS) in...

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

LUNR vs XFOR — Head-to-Head

Bigger by revenue
LUNR
LUNR
1.5× larger
LUNR
$43.3M
$28.8M
XFOR
Higher net margin
XFOR
XFOR
93.1% more per $
XFOR
1.0%
-92.1%
LUNR

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
LUNR
LUNR
XFOR
XFOR
Revenue
$43.3M
$28.8M
Net Profit
$-39.9M
$282.0K
Gross Margin
83.6%
Operating Margin
-76.4%
-32.8%
Net Margin
-92.1%
1.0%
Revenue YoY
-20.8%
Net Profit YoY
73.3%
100.5%
EPS (diluted)
$-0.34
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LUNR
LUNR
XFOR
XFOR
Q4 25
$43.3M
Q3 25
$51.0M
Q2 25
$50.3M
Q1 25
$62.5M
$28.8M
Q4 24
$54.7M
Q3 24
$58.5M
Q2 24
$41.6M
Q1 24
$73.2M
$0
Net Profit
LUNR
LUNR
XFOR
XFOR
Q4 25
$-39.9M
Q3 25
$-6.8M
Q2 25
$-25.2M
Q1 25
$-11.4M
$282.0K
Q4 24
$-149.2M
Q3 24
$-55.4M
Q2 24
$18.7M
Q1 24
$-97.5M
$-51.8M
Gross Margin
LUNR
LUNR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
LUNR
LUNR
XFOR
XFOR
Q4 25
-76.4%
Q3 25
-30.2%
Q2 25
-56.9%
Q1 25
-16.1%
-32.8%
Q4 24
-24.5%
Q3 24
-23.5%
Q2 24
-66.0%
Q1 24
-3.8%
Net Margin
LUNR
LUNR
XFOR
XFOR
Q4 25
-92.1%
Q3 25
-13.4%
Q2 25
-50.0%
Q1 25
-18.2%
1.0%
Q4 24
-272.9%
Q3 24
-94.7%
Q2 24
44.8%
Q1 24
-133.1%
EPS (diluted)
LUNR
LUNR
XFOR
XFOR
Q4 25
$-0.34
Q3 25
$-0.06
Q2 25
$-0.22
Q1 25
$-0.11
$0.04
Q4 24
$-1.42
Q3 24
$-0.83
Q2 24
$0.30
Q1 24
$-2.68
$-7.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LUNR
LUNR
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$582.6M
$40.3M
Total DebtLower is stronger
$335.3M
$75.0M
Stockholders' EquityBook value
$-755.0M
$22.9M
Total Assets
$757.2M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUNR
LUNR
XFOR
XFOR
Q4 25
$582.6M
Q3 25
$622.0M
Q2 25
$344.9M
Q1 25
$373.3M
$40.3M
Q4 24
$207.6M
Q3 24
$89.6M
Q2 24
$31.6M
Q1 24
$55.2M
$60.5M
Total Debt
LUNR
LUNR
XFOR
XFOR
Q4 25
$335.3M
Q3 25
$334.8M
Q2 25
Q1 25
$75.0M
Q4 24
$0
Q3 24
Q2 24
Q1 24
$55.0M
Stockholders' Equity
LUNR
LUNR
XFOR
XFOR
Q4 25
$-755.0M
Q3 25
$-404.2M
Q2 25
$-381.2M
Q1 25
$-136.9M
$22.9M
Q4 24
$-1.0B
Q3 24
$-496.8M
Q2 24
$-235.0M
Q1 24
$-493.6M
$1.0M
Total Assets
LUNR
LUNR
XFOR
XFOR
Q4 25
$757.2M
Q3 25
$753.5M
Q2 25
$475.6M
Q1 25
$500.0M
$130.0M
Q4 24
$355.4M
Q3 24
$224.8M
Q2 24
$140.1M
Q1 24
$170.8M
$112.2M
Debt / Equity
LUNR
LUNR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q3 24
Q2 24
Q1 24
53.09×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LUNR
LUNR
XFOR
XFOR
Operating Cash FlowLast quarter
$-7.3M
$-12.4M
Free Cash FlowOCF − Capex
$-22.9M
FCF MarginFCF / Revenue
-53.0%
Capex IntensityCapex / Revenue
36.1%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters
$-56.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LUNR
LUNR
XFOR
XFOR
Q4 25
$-7.3M
Q3 25
$-7.2M
Q2 25
$-19.3M
Q1 25
$19.4M
$-12.4M
Q4 24
$-2.0M
Q3 24
$-17.9M
Q2 24
$-31.3M
Q1 24
$-6.4M
$-33.6M
Free Cash Flow
LUNR
LUNR
XFOR
XFOR
Q4 25
$-22.9M
Q3 25
$-19.0M
Q2 25
$-27.3M
Q1 25
$13.3M
Q4 24
$-6.9M
Q3 24
$-19.3M
Q2 24
$-33.5M
Q1 24
$-8.0M
$-33.7M
FCF Margin
LUNR
LUNR
XFOR
XFOR
Q4 25
-53.0%
Q3 25
-37.2%
Q2 25
-54.3%
Q1 25
21.3%
Q4 24
-12.6%
Q3 24
-33.0%
Q2 24
-80.4%
Q1 24
-11.0%
Capex Intensity
LUNR
LUNR
XFOR
XFOR
Q4 25
36.1%
Q3 25
23.2%
Q2 25
16.0%
Q1 25
9.8%
0.0%
Q4 24
9.0%
Q3 24
2.4%
Q2 24
5.3%
Q1 24
2.2%
Cash Conversion
LUNR
LUNR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
-43.86×
Q4 24
Q3 24
Q2 24
-1.67×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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