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Rocket Lab Corp

RKLB Clue Score55
United States Fiscal year ends December CIK 0001819994
$68.21 -0.28% Close, 9 Oct 2026
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Price $68.21 +385.48% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 24 Aug 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue35.2Operating income−55.0Net income−55.0EPS, diluted−0.73Fiscal year 2021Revenue62.2 +77.0%Operating income−102.1Net income−117.3EPS, diluted−0.56Fiscal year 2022Revenue211.0 +239.0%Operating income−135.2Net income−135.9EPS, diluted−0.29Fiscal year 2023Revenue244.6 +15.9%Operating income−177.9Net income−182.6EPS, diluted−0.38Fiscal year 2024Revenue436.2 +78.3%Operating income−189.8Net income−190.2EPS, diluted−0.38Fiscal year 2025Revenue601.8 +38.0%Operating income−228.8Net income−198.2EPS, diluted−0.37
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 35.2 62.2 211.0 244.6 436.2 601.8
Growth +77.0% +239.0% +15.9% +78.3% +38.0%
Operating income −55.0 −102.1 −135.2 −177.9 −189.8 −228.8
Net income −55.0 −117.3 −135.9 −182.6 −190.2 −198.2
Growth
EPS, diluted −0.73 −0.56 −0.29 −0.38 −0.38 −0.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin−33.6%Operating margin−156.3%Net margin−156.4%Free cash flow margin−150.4%Fiscal year 2021Gross margin−3.0%Operating margin−164.0%Net margin−188.5%Free cash flow margin−156.6%Fiscal year 2022Gross margin9.0%Operating margin−64.1%Net margin−64.4%Free cash flow margin−70.6%Fiscal year 2023Gross margin21.0%Operating margin−72.7%Net margin−74.6%Free cash flow margin−62.8%Fiscal year 2024Gross margin26.6%Operating margin−43.5%Net margin−43.6%Free cash flow margin−26.6%Fiscal year 2025Gross margin34.4%Operating margin−38.0%Net margin−32.9%Free cash flow margin−53.5%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −33.6% −3.0% 9.0% 21.0% 26.6% 34.4%
Operating margin −156.3% −164.0% −64.1% −72.7% −43.5% −38.0%
Net margin −156.4% −188.5% −64.4% −74.6% −43.6% −32.9%
Free cash flow margin −150.4% −156.6% −70.6% −62.8% −26.6% −53.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−27.8Capital expenditure−25.1Free cash flow−52.9Fiscal year 2021Operating cash flow−71.8Capital expenditure−25.7Free cash flow−97.5Fiscal year 2022Operating cash flow−106.5Capital expenditure−42.4Free cash flow−149.0Fiscal year 2023Operating cash flow−98.9Capital expenditure−54.7Free cash flow−153.6Fiscal year 2024Operating cash flow−48.9Capital expenditure−67.1Free cash flow−116.0Fiscal year 2025Operating cash flow−165.5Capital expenditure−156.3Free cash flow−321.8
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −27.8 −71.8 −106.5 −98.9 −48.9 −165.5
Capital expenditure −25.1 −25.7 −42.4 −54.7 −67.1 −156.3
Free cash flow −52.9 −97.5 −149.0 −153.6 −116.0 −321.8
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash52.8Total debt0.0Net cash (debt)52.8Shareholders’ equity−166.7Fiscal year 2021Cash691.0Total debt100.1Net cash (debt)590.8Shareholders’ equity698.4Debt to equity0.14Fiscal year 2022Cash242.5Total debt102.9Net cash (debt)139.6Shareholders’ equity673.2Debt to equity0.15Fiscal year 2023Cash162.5Total debt105.4Net cash (debt)57.2Shareholders’ equity554.5Debt to equity0.19Fiscal year 2024Cash271.0Total debt56.1Net cash (debt)214.9Shareholders’ equity382.5Debt to equity0.15Fiscal year 2025Cash828.7Total debt1.7Net cash (debt)826.9Shareholders’ equity1,721.9Debt to equity0.00
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 52.8 691.0 242.5 162.5 271.0 828.7
Total debt 0.0 100.1 102.9 105.4 56.1 1.7
Net cash (debt) 52.8 590.8 139.6 57.2 214.9 826.9
Shareholders’ equity −166.7 698.4 673.2 554.5 382.5 1,721.9
Debt to equity n/a 0.14 0.15 0.19 0.15 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
35.2 62.2 211.0 244.6 436.2 601.8
Growth +77.0% +239.0% +15.9% +78.3% +38.0%
47.0 64.1 192.0 193.2 320.1 394.6
−11.8 −1.9 19.0 51.4 116.1 207.2
Growth +170.7% +125.9% +78.4%
19.1 41.8 65.2 119.1 174.4 270.7
24.0 58.4 89.0 110.3 131.6 165.3
−55.0 −102.1 −135.2 −177.9 −189.8 −228.8
Growth
−54.5 −124.8 −132.9 −178.9 −189.4 −225.9
0.5 −7.5 3.0 3.7 0.8 −27.7
−55.0 −117.3 −135.9 −182.6 −190.2 −198.2
Growth
Per share
−0.73 −0.56 −0.29 −0.38 −0.38 −0.37
−0.73 −0.56 −0.29 −0.38 −0.38 −0.37
Growth
75.4 209.9 466.2 481.8 495.9 530.7
75.4 209.9 466.2 481.8 495.9 530.7
Growth +178.3% +122.1% +3.3% +2.9% +7.0%

† The diluted share count jumps at 2021 and 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 76.5% a year over five years.
  • Operating margin is up 118.3 points on five years ago, at -38.0%.
  • A net loss in 6 of 6 years on file.