Rocket Lab USA, Inc. (RKLB) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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RKLB Revenue Growth
Revenue Breakdown (FY 2024)
RKLB's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
RKLB Revenue Analysis (2019–2025)
As of May 6, 2026, Rocket Lab USA, Inc. (RKLB) generated trailing twelve-month (TTM) revenue of $601.8 million, reflecting explosive growth of +35.7% year-over-year. The most recent quarter (Q4 2025) recorded $179.7 million in revenue, up 15.8% sequentially.
Looking at the longer-term picture, RKLB's 5-year compound annual growth rate (CAGR) stands at +76.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $601.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows RKLB's business is primarily driven by Space Systems (71%), and Launch Services (29%). With over half of revenue concentrated in Space Systems, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including SPCE (-82.4% YoY), MNTS (-63.8% YoY), and ASTS (+1505.2% YoY), RKLB has underperformed the peer group in terms of revenue growth. Compare RKLB vs SPCE →
RKLB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RKLBCurrent | $602M | +35.7% | +76.5% | -38.0% | |
 SPCE | $7M | -82.4% | +13.2% | -5352.9% | |
 MNTS | $2M | -63.8% | - | -1404.1% | |
 ASTS | $71M | +1505.2% | +64.1% | -405.7% | |
 BA | $89.5B | +32.7% | +9.0% | -6.1% | |
 LMT | $75.1B | +4.6% | +2.8% | 10.3% |
RKLB Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $601.8M | +38.0% | $207.2M | 34.4% | $-228,838,000 | -38.0% |
| 2024 | $436.2M | +78.3% | $116.1M | 26.6% | $-189,801,000 | -43.5% |
| 2023 | $244.6M | +15.9% | $51.4M | 21.0% | $-177,918,000 | -72.7% |
| 2022 | $211.0M | +239.0% | $19.0M | 9.0% | $-135,204,000 | -64.1% |
| 2021 | $62.2M | +77.0% | $-1,893,000 | -3.0% | $-102,053,000 | -164.0% |
| 2020 | $35.2M | -27.4% | $-11,817,000 | -33.6% | $-54,952,000 | -156.3% |
| 2019 | $48.4M | - | $-1,076,000 | -2.2% | $-32,893,000 | -68.0% |
Full RKLB Stock Analysis
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Start ComparisonRKLB — Frequently Asked Questions
Quick answers to the most common questions about buying RKLB stock.
Is RKLB's revenue growth accelerating or slowing?
RKLB revenue is accelerating at +35.7% year-over-year, exceeding the 5-year CAGR of +76.5%. TTM revenue reached $602M. Growth momentum has increased versus prior periods.
What is RKLB's long-term revenue growth rate?
Rocket Lab USA, Inc.'s 5-year revenue CAGR of +76.5% reflects the sustained expansion pattern. Current YoY growth of +35.7% is above this long-term average.
How is RKLB's revenue distributed by segment?
RKLB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.