Rocket Lab Corp
RKLB Nasdaq· Guided Missiles & Space Vehicles & Parts
Last close · Oct 23, 2026
$52.60
KIRA · Stoqly’s AI analyst, in plain words
- Rocket Lab Corp had $602M of revenue in fiscal 2025, up 38.0% on the year before. Over five years, revenue changed +76.5% a year on average.
- Its operating margin was −38.0%, up 5.5 pts: of every 100 in sales, about −38 is left after running the business.
- Rocket Lab Corp lost $198M in fiscal 2025.
- Free cash flow was −$322M in fiscal 2025, −53.5% of revenue.
- Rocket Lab Corp has $849M more cash than debt.
Market cap
$33.1B
P/E
—
Revenue
$602M
Net income
−$198M
Free cash flow
−$322M
Operating margin
−38.0%
Rocket Lab Corp in 30 seconds · fiscal 2025
Are sales growing?
+38.0%
Yes. Sales grew 38.0% last year.
Does it make a profit?
−32.9%
No. It lost money last year.
Does profit turn into cash?
−53.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Rocket Lab Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Rocket Lab Corp
- CIK
- 0001819994
Rocket Lab Corp · RKLB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $62.2M | $211M | $245M | $436M | $602M |
| Revenue growth | 77.0% | 239.0% | 15.9% | 78.3% | 38.0% |
| Gross margin | −3.0% | 9.0% | 21.0% | 26.6% | 34.4% |
| Operating margin | −164.0% | −64.1% | −72.7% | −43.5% | −38.0% |
| Net income | −$117M | −$136M | −$183M | −$190M | −$198M |
| Net margin | −188.5% | −64.4% | −74.6% | −43.6% | −32.9% |
| Diluted EPS | −$0.56 | −$0.29 | −$0.38 | −$0.38 | −$0.37 |
| Cash | |||||
| Cash from operations | −$71.8M | −$107M | −$98.9M | −$48.9M | −$166M |
| Capital expenditure | $25.7M | $42.4M | $54.7M | $67.1M | $156M |
| Free cash flow | −$97.5M | −$149M | −$154M | −$116M | −$322M |
| FCF margin | −156.6% | −70.6% | −62.8% | −26.6% | −53.5% |
| Share count change | 178.3% | 122.1% | 3.3% | 2.9% | 7.0% |
| Debt and strength | |||||
| Cash and short-term investments | $691M | $472M | $245M | $419M | $1.0B |
| Debt incl. finance leases | $100M | $119M | $15.6M | $361M | $167M |
| Shareholders' equity | $698M | $673M | $555M | $382M | $1.7B |
| Current ratio | 8.0x | 4.1x | 2.1x | 2.0x | 4.1x |
| Interest coverage | — | — | −10.2x | −7.3x | −8.6x |
| Returns and quality | |||||
| Return on capital | −74.9% | −35.1% | −45.4% | −48.5% | −21.1% |
| Return on equity | −44.1% | −19.8% | −29.7% | −40.6% | −18.8% |
| Return on tangible equity | −19.6% | −26.0% | −43.9% | −75.2% | −15.3% |
| Piotroski F-score | 4 | 3 | 4 | 4 | 5 |
| Altman Z'' | 5.4 | 3.2 | −0.2 | −0.9 | 3.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$683M
11 insiders
Of sales under plans
93%
$633M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Rocket Lab Corp · RKLB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $52.60 a share, the company is worth $33.1B.
Source: SEC EDGAR XBRL filings (CIK 0001819994). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.