Revenue
5Y CAGR +76.5%5Y CAGR +76.5%YoY +62.0%$769.1M TTM$234.1M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
RKLB
$52.37-3.78%
as of close, Nov 4, 2026
☾ AH $52.37 -3.78%
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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.
Financial overview#
Gross profit
5Y n/m5Y n/mYoY +82.3%$286.6M TTM$84.6M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Operating income
5Y n/m5Y n/mYoY n/m−$223.5M TTM−$57.5M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Net income
5Y n/m5Y n/mYoY n/m−$165.5M TTM−$49.3M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
EPS (diluted)
5Y n/m5Y n/mYoY n/m−$0.28 TTM−$0.08 Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Operating cash flow
5Y n/m5Y n/mYoY n/m−$222.5M TTM−$84.1M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditure
5Y CAGR +44.1%5Y CAGR +44.1%YoY −18.7%$148.7M TTM$26M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow
5Y n/m5Y n/mYoY n/m−$371.1M TTM−$110.1M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares (diluted)
5Y +603.7%5Y +603.7%YoY +22.2%584.2M TTM629.7M Q2 '26
FY20FY21FY22FY23FY24FY25TTM
Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares outstanding (point-in-time)
2024-06 496.6M2024-09 499.9M2024-12 453.5M2025-03 461.4M2025-06 479.4M2025-09 534.2M2025-12 567.4M2026-03 578.8M2026-06 598.4M+20.5% 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.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | 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+38.0% | 436M+78.3% | 245M+15.9% | 211M+239.0% | 62.2M+77.0% | |
| 207M+78.4% | 116M+125.9% | 51.4M+170.7% | 19.0M+1103.2% | -1.89M+84.0% | ||
| Cost of revenue | 395M+23.3% | 320M+65.7% | 193M+0.6% | 192M+199.4% | 64.1M+36.5% | |
| 436M+42.5% | 306M+33.4% | 229M+48.7% | 154M+53.9% | 100M+132.2% | ||
| Research & development | 271M+55.2% | 174M+46.5% | 119M+82.7% | 65.2M+56.0% | 41.8M+118.2% | |
| Selling, general & administrative | 165M+25.7% | 132M+19.3% | 110M+23.9% | 89.0M+52.5% | 58.4M+143.4% | |
| Amortization of intangibles | 18.0M+48.8% | 12.1M-7.9% | 13.1M-1.0% | 13.2M+298.3% | 3.32M | |
| Operating income | -229M-20.6% | -190M-6.7% | -178M-31.6% | -135M-32.5% | -102M-85.7% | |
| Interest expense | 26.5M+1.2% | 26.2M+49.4% | 17.5M | — | — | |
| Other non-operating income | 4.38M-1.1% | 4.43M+19.3% | 3.71M+267.8% | 1.01M+226.6% | -798K-526.7% | |
| Pre-tax income | -226M-19.3% | -189M-5.9% | -179M-34.6% | -133M-6.5% | -125M-128.9% | |
| Income tax | -27.7M-3724.1% | 764K-79.1% | 3.65M+21.7% | 3.00M+139.9% | -7.52M-1710.3% | |
| -198M-4.2% | -190M-4.2% | -183M-34.3% | -136M-15.9% | -117M-113.3% | ||
| Net income to common | -198M-4.2% | -190M-4.2% | -183M-34.3% | -136M-15.9% | -117M | |
| -$0.37+2.6% | -$0.38+0.0% | -$0.38-31.0% | -$0.29+48.2% | -$0.56+23.3% | ||
| EPS (basic) | -$0.37+2.6% | -$0.38+0.0% | -$0.38-31.0% | -$0.29+48.2% | -$0.56+23.3% | |
| Weighted-avg shares (basic) | 531M+7.0% | 496M+2.9% | 482M+3.3% | 466M+122.1% | 210M+178.3% | |
| Weighted-avg shares (diluted) | 531M+7.0% | 496M+2.9% | 482M+3.3% | 466M+122.1% | 210M+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+97.2% | 693M+45.3% | 477M-28.0% | 662M-14.5% | 775M+732.1% | ||
| Cash & equivalents | 829M+205.7% | 271M+66.8% | 163M-33.0% | 243M-64.9% | 691M+1208.8% | |
| Short-term investments | 188M+27.0% | 148M+79.9% | 82.3M-64.1% | 229M | 0.00 | |
| Accounts receivable | 39.0M+7.0% | 36.4M+3.6% | 35.2M-3.8% | 36.6M+162.0% | 14.0M+411.2% | |
| Inventory | 158M+33.0% | 119M+10.4% | 108M+16.9% | 92.3M+92.6% | 47.9M+83.3% | |
| Prepaid expenses | 90.0M+63.5% | 55.0M-17.8% | 66.9M+28.3% | 52.2M+168.3% | 19.5M+106.7% | |
| Other current assets | 9.84M+97.3% | 4.99M-5.0% | 5.25M-31.3% | 7.63M+262.7% | 2.10M+130.2% | |
| 2.32B+96.3% | 1.18B+25.8% | 941M-4.8% | 989M+0.8% | 981M+422.1% | ||
| Property, plant & equipment | 319M+64.0% | 195M+34.0% | 145M+43.2% | 102M+55.4% | 65.3M+31.1% | |
| Operating lease right-of-use | 90.4M+68.4% | 53.7M-9.7% | 59.4M+68.6% | 35.2M+24.0% | 28.4M+5.7% | |
| Goodwill | 206M+189.7% | 71.0M+0.0% | 71.0M+0.0% | 71.0M+64.0% | 43.3M+1282.3% | |
| Intangible assets | 225M+283.3% | 58.6M-13.9% | 68.1M-14.6% | 79.7M+38.6% | 57.5M+406.5% | |
| Long-term investments | 82.2M+35.5% | 60.7M-23.4% | 79.2M+762.0% | 9.19M | 0.00 | |
| Deferred tax assets | 1.90M-37.0% | 3.01M-14.0% | 3.50M-10.2% | 3.90M-33.5% | 5.86M+144.3% | |
| Other non-current assets | 15.7M-49.8% | 31.2M+65.0% | 18.9M+159.0% | 7.30M+60.5% | 4.55M | |
| 334M-1.5% | 340M+52.0% | 223M+37.1% | 163M+69.2% | 96.3M+98.9% | ||
| Accounts payable | 72.7M+37.0% | 53.1M+81.1% | 29.3M+142.5% | 12.1M+246.3% | 3.49M+3.6% | |
| Accrued liabilities | 19.3M-0.8% | 19.5M+248.1% | 5.59M-35.9% | 8.72M-20.5% | 11.0M+67.1% | |
| Deferred revenue | 195M-9.6% | 216M+55.1% | 139M+28.6% | 108M+81.3% | 59.7M+128.6% | |
| Short-term & current debt | 0.00-100.0% | 12.0M-32.2% | 17.8M+511.3% | 2.91M+2.8% | 2.83M | |
| Current lease liability | 10.8M+75.3% | 6.17M+16.9% | 5.28M+55.7% | 3.39M+42.2% | 2.38M | |
| Other current liabilities | 21.2M+18.3% | 18.0M+19.4% | 15.0M-32.4% | 22.2M+102.3% | 11.0M+41.6% | |
| Finance lease liability (current) | 317K+18.3% | 268K-18.5% | 329K-2.1% | 336K | 0.00 | |
| 603M-24.8% | 802M+107.4% | 387M+22.4% | 316M+11.9% | 282M+254.7% | ||
| Long-term debt | 1.72M-96.1% | 44.0M-49.7% | 87.6M-12.5% | 100M+2.8% | 97.3M | |
| Non-current lease liability | 85.2M+63.9% | 52.0M-7.4% | 56.1M+63.7% | 34.3M+21.1% | 28.3M+3.7% | |
| Operating lease liability (total) | 96.0M+65.1% | 58.1M-5.3% | 61.4M+63.0% | 37.7M+22.7% | 30.7M | |
| Finance lease liability (total) | 15.0M-1.8% | 15.2M-2.1% | 15.6M-2.1% | 15.9M | — | |
| Finance lease liability | 14.7M-2.1% | 15.0M-1.8% | 15.2M-2.1% | 15.6M | 0.00 | |
| Deferred tax liabilities | 1.24M+39.3% | 891K+109.2% | 426K+348.4% | 95.0K-79.6% | 466K | |
| Other non-current liabilities | 13.0M+154.1% | 5.10M+29.2% | 3.94M+31.2% | 3.00M+66.9% | 1.80M-53.8% | |
| 1.72B+350.2% | 382M-31.0% | 555M-17.6% | 673M-3.6% | 698M+519.0% | ||
| Preferred stock | 5.00K | 0.00 | 0.00 | — | — | |
| Common stock | 54.0K+8.0% | 50.0K+2.0% | 49.0K+2.1% | 48.0K+6.7% | 45.0K+462.5% | |
| Additional paid-in capital | 2.74B+128.2% | 1.20B+1.9% | 1.18B+5.7% | 1.11B+11.1% | 1.00B+4930.7% | |
| Retained earnings | -1.01B-24.4% | -814M-30.5% | -624M-41.4% | -441M-44.6% | -305M-62.5% | |
| Treasury stock | 0.00 | 0.00 | — | — | — | |
| Accumulated other comprehensive income | -1.96M+30.0% | -2.81M-282.5% | 1.54M+35.3% | 1.14M-13.1% | 1.31M+24.0% | |
| Total equity incl. non-controlling | 1.72B+350.2% | 382M-31.0% | 555M-17.6% | 673M-3.6% | 698M | |
| Total liabilities & equity | 2.32B+96.3% | 1.18B+25.8% | 941M-4.8% | 989M+0.8% | 981M+422.1% | |
| Common shares issued | 590M+16.9% | 504M+3.2% | 489M+2.9% | 475M+5.6% | 450M+474.1% | |
| Common shares outstanding | 544M+7.8% | 504M+3.2% | 489M+2.9% | 475M+5.6% | 450M+474.1% | |
| Shares outstanding (cover) | 567M+25.1% | 454M-7.3% | 489M+2.4% | 478M+2.8% | 465M | |
| Treasury shares | 46.0M | — | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -166M-238.6% | -48.9M+50.5% | -98.9M+7.2% | -107M-48.4% | -71.8M-158.6% | ||
| Depreciation & amortization | 43.9M+30.5% | 33.7M+13.1% | 29.7M-0.7% | 29.9M+176.0% | 10.9M+16.2% | |
| Intangible amortization | 18.0M+48.8% | 12.1M-7.9% | 13.1M-1.0% | 13.2M+298.3% | 3.32M | |
| Share-based compensation | 71.1M+25.1% | 56.8M+6.3% | 53.5M-3.9% | 55.6M+70.9% | 32.6M+671.9% | |
| Deferred income taxes | -30.4M-2998.6% | 1.05M+163.6% | 398K+152.0% | -765K-107.7% | 9.90M | |
| Change in receivables | -667K-146.7% | 1.43M+198.3% | -1.45M-115.4% | 9.43M+21.1% | 7.79M+1392.1% | |
| Change in inventory | 39.9M+221.7% | 12.4M-20.3% | 15.6M-40.1% | 26.0M+115.1% | 12.1M+7.2% | |
| -347M-253.3% | -98.3M-918.2% | 12.0M+103.5% | -346M-275.6% | -92.1M-146.8% | ||
| Capital expenditure | 156M+132.9% | 67.1M+22.6% | 54.7M+29.0% | 42.4M+65.0% | 25.7M+2.3% | |
| Free cash flow | -322M-177.5% | -116M+24.5% | -154M-3.1% | -149M-52.8% | -97.5M-84.4% | |
| Acquisitions | 132M | 0.00-100.0% | 19.0M-71.2% | 65.8M-0.9% | 66.4M+444.2% | |
| Proceeds from sale of PP&E | 397K-96.8% | 12.5M+242.7% | 3.66M | 0.00 | — | |
| 1.07B+317.4% | 257M+3383.3% | 7.37M+261.0% | 2.04M-99.7% | 800M+3624.5% | ||
| Long-term debt issued | 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 | — | — | |
| Common stock repurchased | 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+81.6% | -597K-1488.4% | 43.0K-99.0% | 4.37M+105.5% | 2.13M+1490.8% | |
| Net change in cash | 558M+412.8% | 109M+237.0% | -79.4M+82.2% | -446M-169.9% | 638M+1558.2% | |
| Interest paid | 24.5M+50.7% | 16.3M+4.7% | 15.6M+44.7% | 10.7M+169.3% | 3.99M | |
| Income taxes paid | 854K+217.5% | 269K-65.0% | 769K-71.2% | 2.67M+44.7% | 1.84M+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+242.7% | 11.6B+329.9% | 2.69B+50.6% | 1.78B-67.7% | 5.53B+597.4% | |
| P/S | 65.8×+148.4% | 26.5×+133.0% | 11.4×+19.0% | 9.6×-89.2% | 88.8×+294.0% | |
| P/B | 23.0×-23.9% | 30.2×+558.5% | 4.6×+77.6% | 2.6×-67.4% | 7.9× | |
| 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.
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