8-K Announcements
6Apr 14, 2026·SEC
Mar 30, 2026·SEC
Mar 17, 2026·SEC
Rocket Lab USA, Inc. (RKLB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Rocket Lab USA, Inc. (RKLB) stock price & volume — 10-year historical chart
Rocket Lab USA, Inc. (RKLB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Rocket Lab USA, Inc. (RKLB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.09vs $0.10+8.9% | $180Mvs $177M+1.6% |
| Q4 2025 | Nov 10, 2025 | $0.01vs $0.10+110.1% | $155Mvs $152M+2.2% |
| Q3 2025 | Aug 7, 2025 | $0.10vs $0.10-5.0% | $144Mvs $135M+6.7% |
| Q2 2025 | May 8, 2025 | $0.12vs $0.11-12.6% | $123Mvs $121M+1.0% |
Rocket Lab USA, Inc. (RKLB) competitors in Space Systems and Launch — business model, growth, and fundamentals comparison
Rocket Lab USA, Inc. (RKLB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Rocket Lab USA, Inc. (RKLB) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 48.4M | 35.16M | 62.24M | 211M | 244.59M | 436.21M | 601.8M |
| Revenue Growth % | - | -27.35% | 77.01% | 239.02% | 15.92% | 78.34% | 37.96% |
| Cost of Goods Sold | 49.48M | 46.98M | 64.13M | 192.01M | 193.18M | 320.06M | 394.62M |
| COGS % of Revenue | 102.22% | 133.61% | 103.04% | 91% | 78.98% | 73.37% | 65.57% |
| Gross Profit | -1.08M▲ 0% | -11.82M▼ 998.2% | -1.89M▲ 84.0% | 18.99M▲ 1103.2% | 51.41M▲ 170.7% | 116.15M▲ 125.9% | 207.18M▲ 78.4% |
| Gross Margin % | -2.22% | -33.61% | -3.04% | 9% | 21.02% | 26.63% | 34.43% |
| Gross Profit Growth % | - | -998.23% | 83.98% | 1103.17% | 170.72% | 125.93% | 78.38% |
| Operating Expenses | 31.72M | 43.13M | 100.16M | 154.19M | 229.33M | 305.95M | 436.02M |
| OpEx % of Revenue | 65.54% | 122.68% | 160.93% | 73.08% | 93.76% | 70.14% | 72.45% |
| Selling, General & Admin | 19.09M | 23.99M | 58.4M | 89.03M | 110.27M | 131.56M | 165.3M |
| SG&A % of Revenue | 39.44% | 68.24% | 93.83% | 42.19% | 45.08% | 30.16% | 27.47% |
| Research & Development | 12.73M | 19.14M | 41.77M | 65.17M | 119.05M | 174.39M | 270.72M |
| R&D % of Revenue | 26.3% | 54.44% | 67.11% | 30.89% | 48.67% | 39.98% | 44.98% |
| Other Operating Expenses | -95K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -32.89M▲ 0% | -54.95M▼ 67.1% | -102.05M▼ 85.7% | -135.2M▼ 32.5% | -177.92M▼ 31.6% | -189.8M▼ 6.7% | -228.84M▼ 20.6% |
| Operating Margin % | -67.96% | -156.29% | -163.97% | -64.08% | -72.74% | -43.51% | -38.03% |
| Operating Income Growth % | - | -67.06% | -85.71% | -32.48% | -31.59% | -6.68% | -20.57% |
| EBITDA | -28.02M | -45.61M | -91.2M | -105.26M | -148.17M | -156.15M | -184.9M |
| EBITDA Margin % | -57.9% | -129.73% | -146.54% | -49.89% | -60.58% | -35.8% | -30.73% |
| EBITDA Growth % | - | -62.78% | -99.95% | -15.41% | -40.77% | -5.38% | -18.42% |
| D&A (Non-Cash Add-back) | 4.87M | 9.34M | 10.85M | 29.95M | 29.74M | 33.66M | 43.94M |
| EBIT | -32.89M | -54.95M | -102.05M | -125.15M | -174.67M | -185.46M | -199.41M |
| Net Interest Income | 2.79M | 224K | -6.13M | -7.8M | -4.25M | -3.95M | -977K |
| Interest Income | 2.79M | 224K | 0 | 0 | 0 | 0 | 25.51M |
| Interest Expense | 0 | 0 | 6.13M | 7.8M | 4.25M | 3.95M | 26.49M |
| Other Income/Expense | 2.89M | 414K | -22.79M | 2.26M | -1M | 390K | 2.94M |
| Pretax Income | -30.01M▲ 0% | -54.54M▼ 81.8% | -124.84M▼ 128.9% | -132.95M▼ 6.5% | -178.92M▼ 34.6% | -189.41M▼ 5.9% | -225.9M▼ 19.3% |
| Pretax Margin % | -62% | -155.11% | -200.59% | -63.01% | -73.15% | -43.42% | -37.54% |
| Income Tax | 354K | 467K | -7.52M | 3M | 3.65M | 764K | -27.69M |
| Effective Tax Rate % | -1.18% | -0.86% | 6.02% | -2.26% | -2.04% | -0.4% | 12.26% |
| Net Income | -30.36M▲ 0% | -55.01M▼ 81.2% | -117.32M▼ 113.3% | -135.94M▼ 15.9% | -182.57M▼ 34.3% | -190.18M▼ 4.2% | -198.21M▼ 4.2% |
| Net Margin % | -62.73% | -156.44% | -188.51% | -64.43% | -74.64% | -43.6% | -32.94% |
| Net Income Growth % | - | -81.18% | -113.29% | -15.87% | -34.3% | -4.17% | -4.22% |
| Net Income (Continuing) | -30.36M | -55.01M | -117.32M | -135.94M | -182.57M | -190.18M | -198.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08▲ 0% | -0.12▼ 58.3% | -0.26▼ 116.7% | -0.29▼ 11.5% | -0.38▼ 31.0% | -0.38▲ 0.0% | -0.37▲ 2.6% |
| EPS Growth % | - | -58.31% | -116.67% | -11.54% | -31.03% | 0% | 2.63% |
| EPS (Basic) | -0.08 | -0.12 | -0.26 | -0.29 | -0.38 | -0.38 | -0.37 |
| Diluted Shares Outstanding | 400.83M | 447.92M | 452.21M | 466.21M | 481.77M | 495.93M | 530.66M |
| Basic Shares Outstanding | 400.83M | 447.92M | 452.21M | 466.21M | 481.77M | 495.93M | 530.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Rocket Lab USA, Inc. (RKLB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 124.63M | 93.11M | 774.76M | 662.29M | 476.72M | 692.62M | 1.37B |
| Cash & Short-Term Investments | 95.88M | 52.79M | 690.96M | 471.79M | 244.77M | 418.99M | 1.02B |
| Cash Only | 95.88M | 52.79M | 690.96M | 242.51M | 162.52M | 271.04M | 828.66M |
| Short-Term Investments | 0 | 0 | 0 | 229.28M | 82.25M | 147.95M | 187.92M |
| Accounts Receivable | 8.25M | 10.64M | 19.01M | 47.47M | 61.8M | 111.53M | 122.99M |
| Days Sales Outstanding | 62.21 | 110.51 | 111.49 | 82.11 | 92.22 | 93.32 | 74.59 |
| Inventory | 14.16M | 26.14M | 47.9M | 92.28M | 107.86M | 119.07M | 158.41M |
| Days Inventory Outstanding | 104.44 | 203.06 | 272.65 | 175.42 | 203.78 | 135.79 | 146.52 |
| Other Current Assets | 6.35M | 914K | 2.1M | 7.63M | 14.26M | 4.99M | 9.84M |
| Total Non-Current Assets | 70.56M | 94.75M | 206.08M | 326.83M | 464.49M | 491.72M | 958.93M |
| Property, Plant & Equipment | 65.72M | 76.73M | 93.76M | 152.37M | 219.8M | 262.9M | 423.74M |
| Fixed Asset Turnover | 0.74x | 0.46x | 0.66x | 1.38x | 1.11x | 1.66x | 1.42x |
| Goodwill | 0 | 3.13M | 43.31M | 71.02M | 71.02M | 71.02M | 205.75M |
| Intangible Assets | 1.33M | 11.35M | 57.49M | 79.69M | 68.09M | 58.64M | 224.75M |
| Long-Term Investments | 0 | 0 | 0 | 9.19M | 79.25M | 60.69M | 82.25M |
| Other Non-Current Assets | 3.5M | 1.14M | 5.67M | 10.66M | 22.83M | 35.47M | 20.56M |
| Total Assets | 195.19M▲ 0% | 187.87M▼ 3.7% | 980.85M▲ 422.1% | 989.12M▲ 0.8% | 941.21M▼ 4.8% | 1.18B▲ 25.8% | 2.32B▲ 96.3% |
| Asset Turnover | 0.25x | 0.19x | 0.06x | 0.21x | 0.26x | 0.37x | 0.26x |
| Asset Growth % | - | -3.75% | 422.09% | 0.84% | -4.84% | 25.83% | 96.27% |
| Total Current Liabilities | 31.94M | 48.42M | 96.31M | 162.94M | 223.37M | 339.52M | 334.48M |
| Accounts Payable | 6.46M | 3.37M | 3.49M | 12.08M | 29.3M | 53.06M | 72.7M |
| Days Payables Outstanding | 47.66 | 26.17 | 19.86 | 22.97 | 55.37 | 60.51 | 67.24 |
| Short-Term Debt | 0 | 0 | 2.83M | 2.91M | 17.76M | 12.04M | 0 |
| Deferred Revenue (Current) | 0 | 26.13M | 59.75M | 108.34M | 139.34M | 216.16M | 195.44M |
| Other Current Liabilities | 25.48M | 7.77M | 11M | 22.25M | 15.04M | 17.95M | 21.24M |
| Current Ratio | 3.90x | 1.92x | 8.04x | 4.06x | 2.13x | 2.04x | 4.08x |
| Quick Ratio | 3.46x | 1.38x | 7.55x | 3.50x | 1.65x | 1.69x | 3.61x |
| Cash Conversion Cycle | 118.99 | 287.4 | 364.28 | 234.56 | 240.64 | 168.61 | 153.87 |
| Total Non-Current Liabilities | 26.03M | 306.16M | 186.09M | 152.98M | 163.29M | 462.36M | 268.15M |
| Long-Term Debt | 26.02M | 0 | 97.3M | 100.04M | 87.59M | 389.44M | 154.11M |
| Capital Lease Obligations | 0 | 27.3M | 28.3M | 49.83M | 71.34M | 66.94M | 99.84M |
| Deferred Tax Liabilities | 0 | 0 | 466K | 95K | 426K | 891K | 1.24M |
| Other Non-Current Liabilities | 1K | 278.86M | 60.03M | 3M | 3.94M | 5.1M | 12.95M |
| Total Liabilities | 57.97M | 354.58M | 282.4M | 315.92M | 386.67M | 801.89M | 602.62M |
| Total Debt | 26.02M | 27.3M | 128.43M | 152.78M | 176.69M | 468.42M | 253.96M |
| Net Debt | -69.85M | -25.49M | -562.53M | -89.73M | 14.17M | 197.38M | -574.71M |
| Debt / Equity | 0.19x | - | 0.18x | 0.23x | 0.32x | 1.22x | 0.15x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -16.65x | -16.05x | -41.12x | -46.90x | -7.53x |
| Total Equity | 137.22M▲ 0% | -166.71M▼ 221.5% | 698.45M▲ 519.0% | 673.21M▼ 3.6% | 554.54M▼ 17.6% | 382.45M▼ 31.0% | 1.72B▲ 350.2% |
| Equity Growth % | - | -221.49% | 518.96% | -3.61% | -17.63% | -31.03% | 350.21% |
| Book Value per Share | 0.34 | -0.37 | 1.54 | 1.44 | 1.15 | 0.77 | 3.24 |
| Total Shareholders' Equity | 137.22M | -166.71M | 698.45M | 673.21M | 554.54M | 382.45M | 1.72B |
| Common Stock | 0 | 8K | 45K | 48K | 49K | 50K | 54K |
| Retained Earnings | -132.69M | -187.69M | -305.01M | -440.95M | -623.53M | -813.7M | -1.01B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -79K | 1.05M | 1.31M | 1.14M | 1.54M | -2.81M | -1.96M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Rocket Lab USA, Inc. (RKLB) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -21.61M | -27.76M | -71.79M | -106.54M | -98.87M | -48.89M | -165.52M |
| Operating CF Margin % | -44.64% | -78.94% | -115.35% | -50.49% | -40.42% | -11.21% | -27.5% |
| Operating CF Growth % | - | -28.47% | -158.64% | -48.4% | 7.2% | 50.55% | -238.56% |
| Net Income | -30.36M | -55.01M | -117.32M | -135.94M | -182.57M | -190.18M | -198.21M |
| Depreciation & Amortization | 4.87M | 9.34M | 10.85M | 29.95M | 29.74M | 33.66M | 43.94M |
| Stock-Based Compensation | 3.93M | 4.22M | 32.56M | 55.65M | 53.46M | 56.82M | 71.1M |
| Deferred Taxes | 4.78M | -713K | -9.98M | -576K | 708K | 599K | -30.67M |
| Other Non-Cash Items | 797K | 5.62M | 19.5M | -7.93M | 7.08M | 4.42M | 7.1M |
| Working Capital Changes | -5.62M | 8.78M | -7.4M | -47.69M | -7.29M | 45.79M | -58.78M |
| Change in Receivables | 1.73M | 4.5M | -5.97M | -9.43M | -2.05M | -51.59M | 2.96M |
| Change in Inventory | -10.43M | -11.26M | -12.07M | -25.96M | -15.56M | -12.4M | -39.88M |
| Change in Payables | 0 | -1.6M | -4.52M | -2.13M | 15.59M | 24.8M | 10.22M |
| Cash from Investing | -24.32M | -37.33M | -92.13M | -346.08M | 12.02M | -98.33M | -347.4M |
| Capital Expenditures | -24.32M | -25.12M | -25.7M | -42.41M | -54.71M | -67.09M | -156.28M |
| CapEx % of Revenue | 50.24% | 71.45% | 41.29% | 20.1% | 22.37% | 15.38% | 25.97% |
| Acquisitions | 0 | -12.21M | -66.44M | -65.82M | -18.97M | 12.54M | -132.44M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 3.66M | 2.9M | 2.64M |
| Cash from Financing | -83K | 21.48M | 799.94M | 2.04M | 7.37M | 256.68M | 1.07B |
| Debt Issued (Net) | 0 | 0 | 98.89M | -271K | 2.09M | 302.95M | -61.75M |
| Equity Issued (Net) | 0 | 20.5M | -30.36M | 0 | 0 | 0 | 1.25B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -30.36M | 0 | 0 | 0 | 0 |
| Other Financing | -83K | 978K | 731.4M | 2.31M | 5.28M | -46.27M | -113.49M |
| Net Change in Cash | -45.7M▲ 0% | -43.76M▲ 4.2% | 638.14M▲ 1558.2% | -446.2M▼ 169.9% | -79.44M▲ 82.2% | 108.87M▲ 237.0% | 558.24M▲ 412.8% |
| Free Cash Flow | -45.92M▲ 0% | -52.88M▼ 15.1% | -97.49M▼ 84.4% | -148.95M▼ 52.8% | -153.57M▼ 3.1% | -115.98M▲ 24.5% | -321.81M▼ 177.5% |
| FCF Margin % | -94.88% | -150.39% | -156.64% | -70.59% | -62.79% | -26.59% | -53.47% |
| FCF Growth % | - | -15.15% | -84.37% | -52.78% | -3.1% | 24.48% | -177.46% |
| FCF per Share | -0.11 | -0.12 | -0.22 | -0.32 | -0.32 | -0.23 | -0.61 |
| FCF Conversion (FCF/Net Income) | 0.71x | 0.50x | 0.61x | 0.78x | 0.54x | 0.26x | 0.84x |
| Interest Paid | 0 | 0 | 3.99M | 10.75M | 15.55M | 16.29M | 0 |
| Taxes Paid | 0 | 0 | 1.84M | 2.67M | 769K | 269K | 0 |
Rocket Lab USA, Inc. (RKLB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -22.13% | - | -44.13% | -19.82% | -29.74% | -40.59% | -18.84% |
| Return on Invested Capital (ROIC) | -36.62% | - | -56.31% | -28.19% | -23.16% | -24.79% | -19.88% |
| Gross Margin | -2.22% | -33.61% | -3.04% | 9% | 21.02% | 26.63% | 34.43% |
| Net Margin | -62.73% | -156.44% | -188.51% | -64.43% | -74.64% | -43.6% | -32.94% |
| Debt / Equity | 0.19x | - | 0.18x | 0.23x | 0.32x | 1.22x | 0.15x |
| Interest Coverage | - | - | -16.65x | -16.05x | -41.12x | -46.90x | -7.53x |
| FCF Conversion | 0.71x | 0.50x | 0.61x | 0.78x | 0.54x | 0.26x | 0.84x |
| Revenue Growth | - | -27.35% | 77.01% | 239.02% | 15.92% | 78.34% | 37.96% |
Rocket Lab USA, Inc. (RKLB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 14, 2026·SEC
Mar 30, 2026·SEC
Mar 17, 2026·SEC
Rocket Lab USA, Inc. (RKLB) stock FAQ — growth, dividends, profitability & financials explained
Rocket Lab USA, Inc. (RKLB) reported $601.8M in revenue for fiscal year 2025. This represents a 1143% increase from $48.4M in 2019.
Rocket Lab USA, Inc. (RKLB) grew revenue by 38.0% over the past year. This is strong growth.
Rocket Lab USA, Inc. (RKLB) reported a net loss of $198.2M for fiscal year 2025.
Rocket Lab USA, Inc. (RKLB) has a return on equity (ROE) of -18.8%. Negative ROE indicates the company is unprofitable.
Rocket Lab USA, Inc. (RKLB) had negative free cash flow of $321.8M in fiscal year 2025, likely due to heavy capital investments.
Rocket Lab USA, Inc. (RKLB) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates