NASDAQ : RKLB
Rocket Lab Corporation — Financial statements
Industrials · Aerospace & Defense · United States
Last price 54.73 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 32.75B
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Financial statements
Rocket Lab Corporation (RKLB) reported revenue of 769.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 769.15M | 601.80M | 436.21M | 244.59M | 211.00M | 62.24M |
| Cost of Revenue | 482.53M | 394.62M | 320.06M | 193.18M | 192.01M | 64.13M |
| Gross Profit | 286.62M | 207.18M | 116.15M | 51.41M | 18.99M | -1.89M |
| Selling, General & Admin | 186.51M | 165.30M | 131.56M | 110.27M | 88.60M | 58.40M |
| Research & Development | 312.42M | 270.72M | 174.39M | 119.05M | 65.17M | 41.77M |
| Operating Expenses | 498.93M | 436.02M | 305.95M | 229.33M | 153.77M | 100.16M |
| Operating Income | -212.31M | -228.84M | -189.80M | -177.92M | -134.78M | -102.05M |
| Interest Expense | -14.16M | -26.49M | -26.18M | -17.52M | -7.80M | -6.13M |
| Interest & Investment Income | 42.92M | 25.51M | 22.23M | 13.28M | ||
| Currency Exchange Gain (Loss) | -1.64M | -463.00K | -87.00K | -470.00K | -4.43M | -567.00K |
| Other Non Operating Income (Expenses) | 870.00K | 2.14M | -1.29M | -1.95M | 13.10M | -16.09M |
| EBT Excluding Unusual Items | -184.32M | -228.14M | -195.14M | -184.59M | -133.91M | -124.84M |
| Merger & Restructuring Charges | -427.00K | |||||
| Gain (Loss) on Sale of Investments | 2.25M | 2.25M | 2.90M | 4.57M | 1.40M | |
| Gain (Loss) on Sale of Assets | 1.91M | 2.83M | 1.09M | |||
| Pretax Income | -191.74M | -225.90M | -189.41M | -178.92M | -132.95M | -124.84M |
| Income Tax Expense | -26.28M | -27.69M | 764.00K | 3.65M | 3.00M | -7.52M |
| Net Income | -165.46M | -198.21M | -190.18M | -182.57M | -135.94M | -117.32M |
| Net Income to Common | -165.46M | -198.21M | -190.18M | -182.57M | -135.94M | -117.32M |
| Shares Outstanding (Basic) | 584.29M | 530.66M | 495.93M | 481.77M | 466.21M | 209.90M |
| Shares Outstanding (Diluted) | 584.29M | 530.66M | 495.93M | 481.77M | 466.21M | 209.90M |
| EPS (Basic) | -0.28 | -0.37 | -0.38 | -0.38 | -0.29 | -0.56 |
| EPS (Diluted) | -0.28 | -0.37 | -0.38 | -0.38 | -0.29 | -0.56 |
| Free Cash Flow | -371.14M | -321.81M | -115.98M | -153.57M | -148.95M | -97.49M |
| Free Cash Flow Per Share | -0.64 | -0.61 | -0.23 | -0.32 | -0.32 | -0.46 |
| Gross Margin | 37.26% | 34.43% | 26.63% | 21.02% | 9.00% | -3.04% |
| Operating Margin | -27.60% | -38.03% | -43.51% | -72.74% | -63.88% | -163.97% |
| Profit Margin | -21.51% | -32.94% | -43.60% | -74.64% | -64.43% | -188.50% |
| Free Cash Flow Margin | -48.25% | -53.47% | -26.59% | -62.79% | -70.59% | -156.64% |
| EBITDA | -150.52M | -185.51M | -157.37M | -148.78M | -104.83M | -91.20M |
| EBITDA Margin | -19.57% | -30.83% | -36.08% | -60.83% | -49.68% | -146.54% |
| D&A For EBITDA | 61.79M | 43.33M | 32.44M | 29.13M | 29.95M | 10.85M |
| EBIT | -212.31M | -228.84M | -189.80M | -177.92M | -134.78M | -102.05M |
| EBIT Margin | -27.60% | -38.03% | -43.51% | -72.74% | -63.88% | -163.97% |
| Revenue as Reported | 769.15M | 601.80M | 436.21M | 244.59M | 211.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.13B | 828.66M | 271.04M | 162.52M | 242.51M | 690.96M |
| Short-Term Investments | 172.70M | 187.92M | 147.95M | 82.25M | 229.28M | |
| Cash & Short-Term Investments | 2.30B | 1.02B | 418.99M | 244.77M | 471.79M | 690.96M |
| Accounts Receivable | 216.13M | 107.36M | 103.75M | 51.86M | 46.02M | 16.45M |
| Other Receivables | 19.76M | 15.63M | 7.78M | 9.94M | 1.44M | 2.56M |
| Receivables | 235.89M | 122.99M | 111.53M | 61.80M | 47.47M | 19.01M |
| Inventory | 266.93M | 158.41M | 119.07M | 107.86M | 92.28M | 47.90M |
| Prepaid Expenses | 70.58M | 57.74M | 38.04M | 48.03M | 43.13M | 14.79M |
| Other Current Assets | 20.18M | 9.84M | 4.99M | 14.26M | 7.63M | 2.10M |
| Total Current Assets | 2.90B | 1.37B | 692.62M | 476.72M | 662.29M | 774.76M |
| Property, Plant & Equipment | 519.99M | 423.74M | 262.90M | 219.80M | 152.37M | 93.76M |
| Long-Term Investments | 85.41M | 82.25M | 60.69M | 79.25M | 9.19M | |
| Goodwill | 299.07M | 205.75M | 71.02M | 71.02M | 71.02M | 43.31M |
| Other Intangible Assets | 320.42M | 224.75M | 58.64M | 68.09M | 79.69M | 57.49M |
| Long-Term Accounts Receivable | 23.15M | 15.57M | ||||
| Long-Term Deferred Tax Assets | 1.06M | 1.90M | 3.01M | 3.50M | 3.90M | 5.86M |
| Other Long-Term Assets | 42.53M | 20.56M | 19.90M | 22.83M | 10.66M | 5.67M |
| Total Assets | 4.19B | 2.32B | 1.18B | 941.21M | 989.12M | 980.85M |
| Accounts Payable | 74.51M | 72.70M | 53.06M | 29.30M | 12.08M | 3.49M |
| Accrued Expenses | 73.32M | 45.10M | 40.31M | 21.93M | 17.36M | 19.24M |
| Current Portion of Long-Term Debt | 12.04M | 17.76M | 2.91M | 2.83M | ||
| Current Portion of Leases | 11.13M | 6.44M | 5.61M | 3.72M | 2.38M | |
| Current Unearned Revenue | 351.19M | 195.44M | 216.16M | 139.34M | 108.34M | 59.75M |
| Other Current Liabilities | 29.17M | 10.10M | 11.52M | 9.43M | 18.52M | 8.62M |
| Total Current Liabilities | 528.20M | 334.48M | 339.52M | 223.37M | 162.94M | 96.31M |
| Long-Term Debt | 14.85M | 154.11M | 389.44M | 87.59M | 100.04M | 97.30M |
| Long-Term Leases | 118.85M | 99.84M | 66.94M | 71.34M | 49.83M | 28.30M |
| Long-Term Deferred Tax Liabilities | 10.15M | 1.24M | 891.00K | 426.00K | 95.00K | 466.00K |
| Other Long-Term Liabilities | 23.19M | 12.95M | 5.10M | 3.94M | 3.00M | 60.03M |
| Total Liabilities | 695.22M | 602.62M | 801.89M | 386.67M | 315.92M | 282.40M |
| Common Stock | 60.00K | 54.00K | 50.00K | 49.00K | 48.00K | 45.00K |
| Additional Paid-In Capital | 4.61B | 2.74B | 1.20B | 1.18B | 1.11B | 1.00B |
| Retained Earnings | -1.11B | -1.01B | -813.70M | -623.53M | -440.95M | -305.01M |
| Comprehensive Income & Other | -8.57M | -1.96M | -2.81M | 1.54M | 1.14M | 1.31M |
| Total Common Equity | 3.49B | 1.72B | 382.45M | 554.54M | 673.21M | 698.45M |
| Shareholders' Equity | 3.49B | 1.72B | 382.45M | 554.54M | 673.21M | 698.45M |
| Total Liabilities & Equity | 4.19B | 2.32B | 1.18B | 941.21M | 989.12M | 980.85M |
| Total Debt | 133.69M | 265.09M | 474.86M | 182.29M | 156.51M | 130.81M |
| Net Cash (Debt) | 2.25B | 833.74M | 4.82M | 141.73M | 324.48M | 560.15M |
| Net Cash Per Share | 3.86 | 1.57 | 0.01 | 0.29 | 0.70 | 2.67 |
| Filing Date Shares Outstanding | 598.35M | 567.45M | 453.55M | 489.14M | 477.65M | 464.78M |
| Total Common Shares Outstanding | 598.18M | 543.57M | 504.45M | 488.92M | 475.36M | 450.18M |
| Working Capital | 2.37B | 1.03B | 353.10M | 253.35M | 499.35M | 678.46M |
| Book Value Per Share | 5.84 | 3.17 | 0.76 | 1.13 | 1.42 | 1.55 |
| Tangible Book Value | 2.87B | 1.29B | 252.80M | 415.43M | 522.49M | 597.65M |
| Tangible Book Value Per Share | 4.80 | 2.38 | 0.50 | 0.85 | 1.10 | 1.33 |
| Buildings | 92.83M | 78.56M | 68.63M | 59.73M | 36.49M | 25.07M |
| Machinery | 241.04M | 195.28M | 143.78M | 94.60M | 61.82M | 30.46M |
| Construction In Progress | 138.91M | 111.17M | 27.29M | 26.00M | 26.77M | 22.38M |
| Order Backlog | 1.85B | 1.07B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -165.46M | -198.21M | -190.18M | -182.57M | -135.94M | -117.32M |
| Depreciation & Amortization | 62.40M | 43.94M | 33.66M | 29.74M | 29.95M | 10.85M |
| Other Amortization | 1.63M | 3.14M | 3.09M | 2.90M | 2.83M | 1.55M |
| Loss (Gain) From Sale of Assets | 707.00K | 2.61M | -2.83M | -111.00K | 923.00K | 156.00K |
| Loss (Gain) From Sale of Investments | -2.02M | -2.25M | -2.90M | -4.57M | -1.40M | |
| Stock-Based Compensation | 81.61M | 71.10M | 56.82M | 53.46M | 55.65M | 32.56M |
| Other Operating Activities | -18.87M | -27.08M | 7.66M | 9.57M | -10.86M | 7.82M |
| Change in Accounts Receivable | -75.99M | 2.96M | -51.59M | -2.05M | -16.98M | -5.97M |
| Change in Inventory | -101.70M | -39.88M | -12.40M | -15.56M | -25.96M | -12.07M |
| Change in Accounts Payable | -4.05M | 10.22M | 24.80M | 15.59M | -2.13M | -4.52M |
| Change in Unearned Revenue | 50.01M | -21.61M | 76.86M | 30.99M | 22.66M | 28.06M |
| Change in Other Net Operating Assets | -50.72M | -10.47M | 8.11M | -36.26M | -25.28M | -12.90M |
| Operating Cash Flow | -222.46M | -165.52M | -48.89M | -98.87M | -106.54M | -71.79M |
| Capital Expenditures | -148.68M | -156.28M | -67.09M | -54.71M | -42.41M | -25.70M |
| Sale of Property, Plant & Equipment | 968.00K | 397.00K | 12.54M | 3.66M | ||
| Cash Acquisitions | -176.71M | -132.44M | -18.97M | -65.82M | -66.44M | |
| Investment in Securities | -71.56M | -59.07M | -43.78M | 82.03M | -237.84M | |
| Investing Cash Flow | -395.98M | -347.40M | -98.33M | 12.02M | -346.08M | -92.13M |
| Long-Term Debt Issued | 26.72M | 355.00M | 110.00M | 113.89M | ||
| Long-Term Debt Repaid | -88.19M | -52.05M | -107.91M | -271.00K | -15.00M | |
| Net Debt Issued (Repaid) | -75.29M | -61.47M | 302.95M | 2.09M | -271.00K | 98.89M |
| Issuance of Common Stock | 2.52B | 1.27B | 44.44M | 23.43M | 39.42M | 731.40M |
| Repurchase of Common Stock | -224.22M | -113.49M | -35.34M | -15.72M | -31.61M | -30.36M |
| Other Financing Activities | -33.74M | -26.79M | -55.37M | -2.43M | -5.50M | |
| Financing Cash Flow | 2.19B | 1.07B | 256.68M | 7.37M | 2.04M | 799.94M |
| Foreign Exchange Rate Adjustments | -1.27M | -110.00K | -597.00K | 43.00K | 4.37M | 2.13M |
| Net Cash Flow | 1.57B | 558.24M | 108.87M | -79.44M | -446.20M | 638.14M |
| Free Cash Flow | -371.14M | -321.81M | -115.98M | -153.57M | -148.95M | -97.49M |
| Free Cash Flow Margin | -48.25% | -53.47% | -26.59% | -62.79% | -70.59% | -156.64% |
| Free Cash Flow Per Share | -0.64 | -0.61 | -0.23 | -0.32 | -0.32 | -0.46 |
| Levered Free Cash Flow | -251.96M | -270.73M | -29.16M | -88.50M | -84.58M | -47.49M |
| Unlevered Free Cash Flow | -244.74M | -257.31M | -15.89M | -80.45M | -82.54M | -45.21M |
| Cash Interest Paid | 15.65M | 24.55M | 16.29M | 15.55M | 10.75M | 3.99M |
| Cash Income Tax Paid | 890.00K | 854.00K | 269.00K | 769.00K | 2.67M | 1.84M |
| Change in Working Capital | -182.46M | -58.78M | 45.79M | -7.29M | -47.69M | -7.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.75B | 37.26B | 12.73B | 2.69B | 1.78B | 5.52B |
| Enterprise Value | 30.50B | 36.76B | 12.70B | 2.48B | 1.42B | 4.85B |
| Last Close Price | 54.73 | 69.76 | 25.47 | 5.53 | 3.77 | 12.28 |
| PS Ratio | 42.58 | 61.92 | 29.19 | 10.98 | 8.46 | 88.63 |
| PB Ratio | 9.37 | 21.64 | 33.29 | 4.84 | 2.65 | 7.90 |
| P/TBV Ratio | 11.40 | 28.86 | 50.37 | 6.47 | 3.42 | 9.23 |
| EV/Sales Ratio | 39.65 | 61.08 | 29.11 | 10.13 | 6.74 | 77.91 |
| Debt / Equity Ratio | 0.04 | 0.15 | 1.24 | 0.33 | 0.23 | 0.19 |
| Net Debt / Equity Ratio | -0.65 | -0.48 | -0.01 | -0.26 | -0.48 | -0.80 |
| Net Debt / EBITDA Ratio | 14.97 | 4.49 | 0.03 | 0.95 | 3.10 | 6.14 |
| Net Debt / FCF Ratio | 6.07 | 2.59 | 0.04 | 0.92 | 2.18 | 5.75 |
| Asset Turnover | 0.27 | 0.34 | 0.41 | 0.25 | 0.21 | 0.11 |
| Inventory Turnover | 2.43 | 2.84 | 2.82 | 1.93 | 2.74 | 1.73 |
| Quick Ratio | 4.80 | 3.41 | 1.56 | 1.37 | 3.19 | 7.37 |
| Current Ratio | 5.48 | 4.08 | 2.04 | 2.13 | 4.07 | 8.04 |
| Return on Equity (ROE) | -7.92% | -18.84% | -40.59% | -29.74% | -19.82% | -28.95% |
| Return on Assets (ROA) | -4.62% | -8.15% | -11.16% | -11.52% | -8.55% | -10.91% |
| Return on Capital Employed (ROCE) | -5.80% | -11.50% | -22.50% | -24.80% | -16.30% | -11.50% |
| Earnings Yield | -0.52% | -0.53% | -1.49% | -6.79% | -7.62% | -2.13% |
| FCF Yield | -1.13% | -0.86% | -0.91% | -5.72% | -8.35% | -1.77% |
| Buyback Yield / Dilution | -15.68% | -7.00% | -2.94% | -3.34% | -122.12% | -178.32% |