RKLB financial statements

The full income statement, balance sheet, and cash-flow statement for Rocket Lab Corporation (RKLB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 492.8M2024-06 496.6M2024-09 499.9M2024-12 453.5M2025-03 461.4M2025-06 479.4M2025-09 534.2M2025-12 567.4M2026-03 578.8M+17.4% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	602M YoY+38.0%	436M YoY+78.3%	245M YoY+15.9%	211M YoY+239.0%	62.2M YoY+77.0%
	207M YoY+78.4%	116M YoY+125.9%	51.4M YoY+170.7%	19.0M YoY+1103.2%	-1.89M YoY+84.0%
Cost of revenue	395M YoY+23.3%	320M YoY+65.7%	193M YoY+0.6%	192M YoY+199.4%	64.1M YoY+36.5%
	436M YoY+42.5%	306M YoY+33.4%	229M YoY+48.7%	154M YoY+53.9%	100M YoY+132.2%
Research & development	271M YoY+55.2%	174M YoY+46.5%	119M YoY+82.7%	65.2M YoY+56.0%	41.8M YoY+118.2%
Selling, general & administrative	165M YoY+25.7%	132M YoY+19.3%	110M YoY+23.9%	89.0M YoY+52.5%	58.4M YoY+143.4%
Amortization of intangibles	18.0M YoY+48.8%	12.1M YoY-7.9%	13.1M YoY-1.0%	13.2M YoY+298.3%	3.32M
Operating income	-229M YoY-20.6%	-190M YoY-6.7%	-178M YoY-31.6%	-135M YoY-32.5%	-102M YoY-85.7%
Interest expense	26.5M YoY+1.2%	26.2M YoY+49.4%	17.5M	—	—
Other non-operating income	4.38M YoY-1.1%	4.43M YoY+19.3%	3.71M YoY+267.8%	1.01M YoY+226.6%	-798K YoY-526.7%
Pre-tax income	-226M YoY-19.3%	-189M YoY-5.9%	-179M YoY-34.6%	-133M YoY-6.5%	-125M YoY-128.9%
Income tax	-27.7M YoY-3724.1%	764K YoY-79.1%	3.65M YoY+21.7%	3.00M YoY+139.9%	-7.52M YoY-1710.3%
Net income	-198M YoY-4.2%	-190M YoY-4.2%	-183M YoY-34.3%	-136M YoY-15.9%	-117M YoY-113.3%
	-$0.37 YoY+2.6%	-$0.38 YoY+0.0%	-$0.38 YoY-31.0%	-$0.29 YoY+48.2%	-$0.56
EPS (basic)	-$0.37 YoY+2.6%	-$0.38 YoY+0.0%	-$0.38 YoY-31.0%	-$0.29 YoY+48.2%	-$0.56
	531M YoY+7.0%	496M YoY+2.9%	482M YoY+3.3%	466M YoY+122.1%	210M YoY+178.3%
	531M YoY+7.0%	496M YoY+2.9%	482M YoY+3.3%	466M YoY+122.1%	210M YoY+178.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.37B YoY+97.2%	693M YoY+45.3%	477M YoY-28.0%	662M YoY-14.5%	775M YoY+732.1%
Cash & equivalents	829M YoY+205.7%	271M YoY+66.8%	163M YoY-33.0%	243M YoY-64.9%	691M YoY+1208.8%
Short-term investments	188M YoY+27.0%	148M YoY+79.9%	82.3M YoY-64.1%	229M	0.00
Accounts receivable	39.0M YoY+7.0%	36.4M YoY+3.6%	35.2M YoY-3.8%	36.6M YoY+162.0%	14.0M YoY+411.2%
Inventory	158M YoY+33.0%	119M YoY+10.4%	108M YoY+16.9%	92.3M YoY+92.6%	47.9M YoY+83.3%
Prepaid expenses	90.0M YoY+63.5%	55.0M YoY-17.8%	66.9M YoY+28.3%	52.2M YoY+168.3%	19.5M YoY+106.7%
Other current assets	9.84M YoY+97.3%	4.99M YoY-5.0%	5.25M YoY-31.3%	7.63M YoY+262.7%	2.10M YoY+130.2%
	2.32B YoY+96.3%	1.18B YoY+25.8%	941M YoY-4.8%	989M YoY+0.8%	981M YoY+422.1%
Property, plant & equipment	319M YoY+64.0%	195M YoY+34.0%	145M YoY+43.2%	102M YoY+55.4%	65.3M YoY+31.1%
Operating lease right-of-use	90.4M YoY+68.4%	53.7M YoY-9.7%	59.4M YoY+68.6%	35.2M YoY+24.0%	28.4M YoY+5.7%
Goodwill	206M YoY+189.7%	71.0M YoY+0.0%	71.0M YoY+0.0%	71.0M YoY+64.0%	43.3M YoY+1282.3%
Intangible assets	225M YoY+283.3%	58.6M YoY-13.9%	68.1M YoY-14.6%	79.7M YoY+38.6%	57.5M YoY+406.5%
Long-term investments	82.2M YoY+35.5%	60.7M YoY-23.4%	79.2M YoY+762.0%	9.19M	0.00
Deferred tax assets	1.90M YoY-37.0%	3.01M YoY-14.0%	3.50M YoY-10.2%	3.90M YoY-33.5%	5.86M YoY+144.3%
Other non-current assets	15.7M YoY-49.8%	31.2M YoY+65.0%	18.9M YoY+159.0%	7.30M YoY+60.5%	4.55M
	334M YoY-1.5%	340M YoY+52.0%	223M YoY+37.1%	163M YoY+69.2%	96.3M YoY+98.9%
Accounts payable	72.7M YoY+37.0%	53.1M YoY+81.1%	29.3M YoY+142.5%	12.1M YoY+246.3%	3.49M YoY+3.6%
Accrued liabilities	19.3M YoY-0.8%	19.5M YoY+248.1%	5.59M YoY-35.9%	8.72M YoY-20.5%	11.0M YoY+67.1%
Deferred revenue	195M YoY-9.6%	216M YoY+55.1%	139M YoY+28.6%	108M YoY+81.3%	59.7M YoY+128.6%
Short-term & current debt	0.00 YoY-100.0%	12.0M YoY-32.2%	17.8M YoY+511.3%	2.91M YoY+2.8%	2.83M
Current lease liability	10.8M YoY+75.3%	6.17M YoY+16.9%	5.28M YoY+55.7%	3.39M YoY+42.2%	2.38M
Other current liabilities	21.2M YoY+18.3%	18.0M YoY+19.4%	15.0M YoY-32.4%	22.2M YoY+102.3%	11.0M YoY+41.6%
Finance lease liability (current)	317K YoY+18.3%	268K YoY-18.5%	329K YoY-2.1%	336K	0.00
	603M YoY-24.8%	802M YoY+107.4%	387M YoY+22.4%	316M YoY+11.9%	282M YoY+254.7%
Long-term debt	1.72M YoY-96.1%	44.0M YoY-49.7%	87.6M YoY-12.5%	100M YoY+2.8%	97.3M
Non-current lease liability	85.2M YoY+63.9%	52.0M YoY-7.4%	56.1M YoY+63.7%	34.3M YoY+21.1%	28.3M YoY+3.7%
Operating lease liability (total)	96.0M YoY+65.1%	58.1M YoY-5.3%	61.4M YoY+63.0%	37.7M YoY+22.7%	30.7M
Finance lease liability (total)	15.0M YoY-1.8%	15.2M YoY-2.1%	15.6M YoY-2.1%	15.9M	—
Finance lease liability	14.7M YoY-2.1%	15.0M YoY-1.8%	15.2M YoY-2.1%	15.6M	0.00
Deferred tax liabilities	1.24M YoY+39.3%	891K YoY+109.2%	426K YoY+348.4%	95.0K YoY-79.6%	466K
Other non-current liabilities	13.0M YoY+154.1%	5.10M YoY+29.2%	3.94M YoY+31.2%	3.00M YoY+66.9%	1.80M YoY-53.8%
	1.72B YoY+350.2%	382M YoY-31.0%	555M YoY-17.6%	673M YoY-3.6%	698M YoY+519.0%
Preferred stock	5.00K	0.00	0.00	—	—
Common stock	54.0K YoY+8.0%	50.0K YoY+2.0%	49.0K YoY+2.1%	48.0K YoY+6.7%	45.0K YoY+462.5%
Additional paid-in capital	2.74B YoY+128.2%	1.20B YoY+1.9%	1.18B YoY+5.7%	1.11B YoY+11.1%	1.00B YoY+4930.7%
Retained earnings	-1.01B YoY-24.4%	-814M YoY-30.5%	-624M YoY-41.4%	-441M YoY-44.6%	-305M YoY-62.5%
Treasury stock	0.00	0.00	—	—	—
Accumulated other comprehensive income	-1.96M YoY+30.0%	-2.81M YoY-282.5%	1.54M YoY+35.3%	1.14M YoY-13.1%	1.31M YoY+24.0%
Total liabilities & equity	2.32B YoY+96.3%	1.18B YoY+25.8%	941M YoY-4.8%	989M YoY+0.8%	981M YoY+422.1%
	590M YoY+16.9%	504M YoY+3.2%	489M YoY+2.9%	475M YoY+5.6%	450M YoY+474.1%
	544M YoY+7.8%	504M YoY+3.2%	489M YoY+2.9%	475M YoY+5.6%	450M YoY+474.1%
	567M YoY+25.1%	454M YoY-7.3%	489M YoY+2.4%	478M YoY+2.8%	465M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-166M YoY-238.6%	-48.9M YoY+50.5%	-98.9M YoY+7.2%	-107M YoY-48.4%	-71.8M YoY-158.6%
Depreciation & amortization	43.9M YoY+30.5%	33.7M YoY+13.1%	29.7M YoY-0.7%	29.9M YoY+176.0%	10.9M YoY+16.2%
Intangible amortization	18.0M YoY+48.8%	12.1M YoY-7.9%	13.1M YoY-1.0%	13.2M YoY+298.3%	3.32M
Share-based compensation	71.1M YoY+25.1%	56.8M YoY+6.3%	53.5M YoY-3.9%	55.6M YoY+70.9%	32.6M YoY+671.9%
Deferred income taxes	-30.4M YoY-2998.6%	1.05M YoY+163.6%	398K YoY+152.0%	-765K YoY-107.7%	9.90M
Change in receivables	-667K YoY-146.7%	1.43M YoY+198.3%	-1.45M YoY-115.4%	9.43M YoY+21.1%	7.79M YoY+1392.1%
Change in inventory	39.9M YoY+221.7%	12.4M YoY-20.3%	15.6M YoY-40.1%	26.0M YoY+115.1%	12.1M YoY+7.2%
	-347M YoY-253.3%	-98.3M YoY-918.2%	12.0M YoY+103.5%	-346M YoY-275.6%	-92.1M YoY-146.8%
Capital expenditure	156M YoY+132.9%	67.1M YoY+22.6%	54.7M YoY+29.0%	42.4M YoY+65.0%	25.7M YoY+2.3%
Free cash flow	-322M YoY-177.5%	-116M YoY+24.5%	-154M YoY-3.1%	-149M YoY-52.8%	-97.5M YoY-84.4%
Acquisitions	132M	0.00 YoY-100.0%	19.0M YoY-71.2%	65.8M YoY-0.9%	66.4M YoY+444.2%
Proceeds from sale of PP&E	397K YoY-96.8%	12.5M YoY+242.7%	3.66M	0.00	—
	1.07B YoY+317.4%	257M YoY+3383.3%	7.37M YoY+261.0%	2.04M YoY-99.7%	800M YoY+3624.5%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	1.15B	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	-110K YoY+81.6%	-597K YoY-1488.4%	43.0K YoY-99.0%	4.37M YoY+105.5%	2.13M YoY+1490.8%
Net change in cash	558M YoY+412.8%	109M YoY+237.0%	-79.4M YoY+82.2%	-446M YoY-169.9%	638M YoY+1558.2%
Interest paid	24.5M YoY+50.7%	16.3M YoY+4.7%	15.6M YoY+44.7%	10.7M YoY+169.3%	3.99M
Income taxes paid	854K YoY+217.5%	269K YoY-65.0%	769K YoY-71.2%	2.67M YoY+44.7%	1.84M YoY+714.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	39.6B YoY+242.7%	11.6B YoY+329.9%	2.69B YoY+50.6%	1.78B YoY-68.7%	5.71B YoY+620.0%
P/S	65.8× YoY+148.4%	26.5× YoY+133.0%	11.4× YoY+19.0%	9.6× YoY-89.6%	91.7× YoY+306.7%
P/B	23.0× YoY-23.9%	30.2× YoY+558.5%	4.6× YoY+77.6%	2.6× YoY-68.4%	8.2×
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RKLB's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RKLB filings on SEC EDGAR → Not investment advice.