How Rocket Lab makes money

Period

FY2025

How does Rocket Lab make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Rocket Lab Corporation · FY2025 · year ended 2025-12-31

Revenue$602MNet loss$198M · 33%Cost of revenue$395M · 66%Gross profit$207M · 34%Operating expenses$436M · 72%Other income$31M · 5%R&D$271M · 45%SG&A$165M · 27%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.