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MARKETS / NASDAQ / RKLB
NASDAQ · GUIDED MISSILES & SPACE VEHICLES & PARTS · LARGE CAP

Rocket Lab Corp. RKLB

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$601.8M
▲ 38.0% YoY
$-198.2M
$-321.8M
In brief

What this company does

The company designs and manufactures small and medium-class rockets, spacecraft, spacecraft components, and flight and ground software. Rocket Lab manufactures Electron's ten Rutherford engines at its headquarters in Long Beach, California. As of December 31, 2025, the company had over 2,600 full-time permanent employees worldwide. Its Launch Services business provides launch services into low Earth orbit on Electron for spacecraft up to 300 kg. Its Space Systems business provides spacecraft solutions for government and commercial customers ranging from selling individual spacecraft components to complete spacecraft design, manufacture, and on-orbit operations. The company's predecessor entity, Rocket Lab USA, Inc., completed a merger with Vector Acquisition Corporation on August 25, 2021, at which point Vector changed its name to Rocket Lab USA, Inc., a Delaware corporation.

Written from the business description in Rocket Lab Corp's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 601.8M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 601.8 · Net income -198.2
250.0M500.0M-80.0M-160.0M202020212022202320242025
Compound annual growth
+41.8%
+76.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +76.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−33 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -38.0% · Net -32.9%
-50%-100%-150%202020212022202320242025
ROE
FY2025 · ROE -18.8%
-20%-40%202020212022202320242025

Each USD of equity lost 19 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -321.8
-200M202020212022202320242025

Total assetsUSD 2.3B
EquityUSD 1.7B
CashUSD 828.7M
Gross debtUSD 1.7M
Net debtUSD -826.9M
Current ratio4.08×

The company holds more cash than debt.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.60.40.20.20.10.0
Operating income $B−0.2−0.2−0.2−0.1−0.1−0.1
EBITDA $B−0.2−0.2−0.2−0.1−0.1−0.0
Income tax $B−0.00.00.00.0−0.00.0
Net income $B−0.2−0.2−0.2−0.1−0.1−0.1
Free cash flow $B−0.3−0.1−0.2−0.1−0.1−0.1
EPS, diluted $−0.37−0.38−0.38−0.29−0.56−0.73
Dividend / sh $······
Payout %······
ROE %−18.8−40.6−29.7−19.8−44.1·
Shares out B0.540.500.490.480.450.08

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGuided Missiles & Space Vehicles & Parts
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2020

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