Rocket Lab CorpRKLBEarnings & Financial Report
Rocket Lab Corporation is a publicly traded aerospace manufacturer and launch service provider. Its Electron orbital rocket launches small satellites and has successfully completed over 75 missions as of January 2026, making it the most prolific small-lift launch vehicle in operation globally. A suborbital variant of Electron, called HASTE, was developed as a testbed to advance hypersonic technology development, while the next-generation reusable Neutron medium-lift launch vehicle is in devel...
Revenue
$179.7M
Gross Profit
$68.2M
Operating Profit
$-51.0M
Net Profit
$-52.9M
Gross Margin
38.0%
Operating Margin
-28.4%
Net Margin
-29.5%
YoY Growth
35.7%
EPS
$-0.09
Rocket Lab Corp Q4 FY2025 Financial Summary
Rocket Lab Corp reported revenue of $179.7M (up 35.7% YoY) for Q4 FY2025, with a net profit of $-52.9M (down 1.1% YoY) (-29.5% margin). Cost of goods sold was $111.4M, operating expenses totaled $119.3M.
Key Financial Metrics
| Total Revenue | $179.7M |
|---|---|
| Net Profit | $-52.9M |
| Gross Margin | 38.0% |
| Operating Margin | -28.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Rocket Lab Corp Q4 FY2025 revenue of $179.7M breaks down across 2 segments, led by Products at $94.0M (52.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $94.0M | 52.3% |
| Transferred Over Time | $87.3M | 48.6% |
Rocket Lab Corp Revenue by Segment — Quarterly Trend
Rocket Lab Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Transferred Over Time) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Products | — | $94.0M | — | — |
| Transferred Over Time | — | $87.3M | $105.7M | — |
Rocket Lab Corp Annual Revenue by Year
Rocket Lab Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $601.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $601.8M |
| 2024 | $436.2M |
| 2023 | $244.6M |
| 2022 | $211.0M |
Rocket Lab Corp Quarterly Revenue & Net Profit History
Rocket Lab Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $200.3M | +63.5% | $-45.0M | -22.5% |
| Q4 FY2025 | $179.7M | +35.7% | $-52.9M | -29.5% |
| Q3 FY2025 | $155.1M | +48.0% | $-18.3M | -11.8% |
| Q2 FY2025 | $144.5M | +36.0% | $-66.4M | -46.0% |
| Q1 FY2025 | $122.6M | +32.1% | $-60.6M | -49.5% |
| Q4 FY2024 | $132.4M | +120.7% | $-52.3M | -39.5% |
| Q3 FY2024 | $104.8M | +54.9% | $-51.9M | -49.6% |
| Q2 FY2024 | $106.3M | +71.2% | $-41.6M | -39.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.3M | $104.8M | $132.4M | $122.6M | $144.5M | $155.1M | $179.7M | $200.3M |
| YoY Growth | 71.2% | 54.9% | 120.7% | 32.1% | 36.0% | 48.0% | 35.7% | 63.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.19B | $1.15B | $1.18B | $1.25B | $1.55B | $2.22B | $2.32B | $2.82B |
| Liabilities | $733.4M | $733.2M | $801.9M | $823.7M | $864.7M | $940.4M | $602.6M | $555.6M |
| Equity | $455.2M | $419.8M | $382.5M | $431.3M | $688.5M | $1.28B | $1.72B | $2.26B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-13.0M | $-30.9M | $-2.4M | $-54.2M | $-23.2M | $-23.5M | $-64.5M | $-50.3M |