Rocket Lab USA, Inc. (RKLB) quarterly cash flow statement — complete operating, investing & financing history
Rocket Lab USA, Inc. (RKLB) cash flow statement — 7-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -111.29M | -50.33M | -64.53M | -23.52M | -23.24M | -54.23M | -2.39M | -30.91M | -13M | -2.59M | -42.22M | -25.2M | -6.06M | -25.39M | -18.95M | -23M | -38.26M | -26.34M | -21.91M | -13.29M |
| Operating CF Margin % | -47.55% | -25.12% | -35.92% | -15.17% | -16.08% | -44.24% | -1.8% | -29.5% | -12.24% | -2.79% | -70.37% | -37.25% | -9.77% | -46.24% | -36.6% | -36.47% | -68.96% | -64.71% | -79.75% | -251.47% |
| Operating CF Growth % | -378.83% | 7.18% | -2603.44% | 23.91% | -78.78% | -1995.25% | 94.35% | -22.67% | -114.38% | 89.81% | -122.83% | -9.58% | 84.15% | 3.62% | 13.54% | -72.97% | -81.28% | -70.16% | -245.54% | - |
| Net Income | -49.26M | -45.02M | -52.92M | -18.26M | -66.41M | -60.62M | -52.34M | -51.94M | -41.63M | -44.26M | -50.5M | -40.57M | -45.89M | -45.62M | -37.21M | -34.61M | -37.42M | -26.71M | 3.2M | -87.97M |
| Depreciation & Amortization | 20.94M | 14.99M | 14.74M | 11.73M | 8.76M | 8.71M | 9.14M | 8.1M | 8.11M | 8.31M | 8.17M | 7.79M | 6.75M | 7.03M | 8.36M | 7.85M | 7.65M | 6.09M | 3.44M | 2.56M |
| Stock-Based Compensation | 19.56M | 28.12M | 18.2M | 15.73M | 17.93M | 19.23M | 16.87M | 12.9M | 13.96M | 13.09M | 10.06M | 14.1M | 15.26M | 14.04M | 12.34M | 14.48M | 16.87M | 11.96M | 8.38M | 21.79M |
| Deferred Taxes | 254K | 1.16M | 2.38M | -34.5M | 2.04M | -585K | -1.71M | 310K | 1.92M | 78K | 64K | 396K | -172K | 420K | -1.74M | 916K | 1.81M | -1.56M | -6.27M | -3.1M |
| Other Non-Cash Items | -127.4M | 2.25M | -2.19M | -10.4M | 3.86M | 1.8M | 1.23M | 465K | 378K | 2.35M | 2.88M | 1.24M | 2.11M | 855K | 1.32M | 1.29M | -983K | -9.56M | -22.19M | 35.13M |
| Working Capital Changes | 24.61M | -51.82M | -44.76M | 12.18M | 10.58M | -22.77M | 24.43M | -742K | 4.27M | 17.84M | -12.89M | -8.16M | 15.87M | -2.11M | -2.01M | -12.93M | -26.18M | -6.56M | -8.47M | 18.28M |
| Change in Receivables | -13.93M | -49.1M | 9.8M | -5.32M | -13.31M | -809K | -28.01M | -2.37M | -23.21M | 2M | -12.26M | 2.37M | 25.55M | -14.12M | 21.32M | -22.5M | -7.28M | -5.64M | 2.81M | 8.98M |
| Change in Inventory | 30.37M | -24.57M | -14.32M | -14.05M | -5.21M | -6.31M | -5.28M | -9.65M | -4.98M | 7.51M | -4.63M | -322K | -3.9M | -6.71M | -8.33M | -1.33M | -7.17M | -9.13M | -462K | -6.88M |
| Change in Payables | 8.16M | -8.16M | 11.85M | -11.15M | 1.37M | 9.78M | 10.95M | 15.78M | -257K | -1.67M | 3.56M | -1.21M | 1.93M | 11.3M | -504K | -3.62M | 1.19M | 805K | -20K | -1.11M |
| Cash from Investing | -48.89M | -35.72M | -104.15M | -207.23M | -7.42M | -28.6M | -17.93M | -17.3M | -10.84M | -52.26M | 61.17M | -31.96M | -6.22M | -10.97M | -73.22M | -188.71M | -12.31M | -71.83M | -80.69M | -5.75M |
| Capital Expenditures | -26.05M | -27.07M | -49.65M | -45.91M | -32.04M | -28.68M | -21.55M | -11.02M | -15.34M | -19.18M | -10.41M | -21.05M | -10.57M | -12.67M | -14.99M | -8.35M | -12.83M | -6.24M | -14.25M | -5.75M |
| CapEx % of Revenue | 11.13% | 13.51% | 27.64% | 29.61% | 22.17% | 23.4% | 16.28% | 10.51% | 14.44% | 20.67% | 17.36% | 31.11% | 17.04% | 23.09% | 28.97% | 13.24% | 23.12% | 15.34% | 51.87% | 108.72% |
| Acquisitions | -36.97M | -7.31M | 0 | -132.44M | 128K | 0 | 0 | -10.81M | 0 | 0 | 1.63M | -815K | -16.12M | 0 | 0 | -751K | 515K | -65.59M | -66.44M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.59M | 0 | 85K | 753K | 1.1M | 16K | 786K | 14.03M | 10.81M | 0 | 73.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 708.62M | 463.29M | 189.54M | 475.69M | 290.55M | 115.5M | 183K | -444K | -1.76M | 258.71M | 2.51M | 860K | 1.95M | 2.06M | 472K | 2.13M | -15.01M | 14.44M | -1.84M | 704.41M |
| Debt Issued (Net) | 0 | -73K | -72.89M | -2.25M | -8.38M | 22.05M | -2.93M | -2.82M | -2.99M | 311.69M | 2.34M | -88K | -82K | -78K | -78K | -77K | -71K | -45K | 0 | 0 |
| Equity Issued (Net) | -351.5M | 503.21M | 310.24M | 513.83M | 303.84M | 92.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.06B | -39.85M | -47.81M | -35.89M | -4.92M | 652K | 3.11M | 2.38M | 1.23M | -52.99M | 167K | 948K | 2.03M | 2.14M | 550K | 2.21M | -14.94M | 14.49M | -1.84M | 704.41M |
| Net Change in Cash | 548.17M | 376.84M | 20.84M | 243.72M | 260.74M | 32.95M | -21.49M | -47.76M | -25.23M | 203.34M | 21.94M | -56.26M | -10.95M | -34.17M | -90.42M | -210.34M | -61.15M | -84.3M | -101.71M | 684.75M |
| Free Cash Flow | -137.34M | -77.4M | -114.19M | -69.44M | -55.28M | -82.9M | -23.94M | -41.93M | -28.34M | -21.77M | -52.63M | -46.25M | -16.64M | -38.06M | -33.94M | -31.35M | -51.08M | -32.58M | -36.17M | -19.04M |
| FCF Margin % | -58.67% | -38.63% | -63.56% | -44.77% | -38.26% | -67.64% | -18.08% | -40.01% | -26.68% | -23.46% | -87.73% | -68.35% | -26.81% | -69.33% | -65.57% | -49.71% | -92.09% | -80.05% | -131.62% | -360.19% |
| FCF Growth % | -148.42% | 6.64% | -376.94% | -65.59% | -95.05% | -280.9% | 54.51% | 9.33% | -70.38% | 42.81% | -55.08% | -47.54% | 67.43% | -16.81% | 6.16% | -64.61% | -124.49% | -66.87% | -164.26% | - |
| FCF per Share | -0.22 | -0.13 | -0.20 | -0.13 | -0.11 | -0.16 | -0.05 | -0.08 | -0.06 | -0.04 | -0.11 | -0.10 | -0.03 | -0.08 | -0.07 | -0.07 | -0.11 | -0.07 | -0.08 | -0.04 |
| FCF Conversion (FCF/Net Income) | 2.26x | 1.12x | 1.22x | 1.29x | 0.35x | 0.89x | 0.05x | 0.60x | 0.31x | 0.06x | 0.84x | 0.62x | 0.13x | 0.56x | 0.51x | 0.66x | 1.02x | 0.99x | -6.86x | 0.15x |
| Interest Paid | 0 | 3.39M | 2.66M | 9.59M | 2.72M | 9.57M | 2.05M | 9.65M | 2.32M | 2.27M | 4.81M | 3.69M | 3.63M | 3.42M | 3.15M | 2.82M | 2.48M | 2.29M | 2.07M | 1.92M |
| Taxes Paid | 0 | 255K | 281K | 145K | 214K | 214K | -211K | 77K | 377K | 26K | 195K | 187K | 72K | 315K | 148K | 490K | -220K | 2.25M | 77K | 1.76M |