Rocket Lab Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $601.8M | $436.2M | $244.6M | $211.0M | $62.2M |
| Cost of revenue | $394.6M | $320.1M | $193.2M | $192.0M | $64.1M |
| Gross profit | $207.2M | $116.1M | $51.4M | $19.0M | -$1.9M |
| Selling, general & administrative | $165.3M | $131.6M | $110.3M | $89.0M | $58.4M |
| Research and development | $270.7M | $174.4M | $119.1M | $65.2M | $41.8M |
| Operating expenses | $436.0M | $305.9M | $229.3M | $154.2M | $100.2M |
| Operating income | -$228.8M | -$189.8M | -$177.9M | -$135.2M | -$102.1M |
| Interest expense | $26.5M | $26.2M | $17.5M | — | — |
| Pretax income | -$225.9M | -$189.4M | -$178.9M | -$132.9M | -$124.8M |
| Income tax expense | -$27.7M | $764,000 | $3.6M | $3.0M | -$7.5M |
| Net income | -$198.2M | -$190.2M | -$182.6M | -$135.9M | -$117.3M |
| Balance Sheet | |||||
| Cash and equivalents | $828.7M | $271.0M | $162.5M | $242.5M | $691.0M |
| Current assets | $1.4B | $692.6M | $476.7M | $662.3M | $774.8M |
| Total assets | $2.3B | $1.2B | $941.2M | $989.1M | $980.8M |
| Current liabilities | $334.5M | $339.5M | $223.4M | $162.9M | $96.3M |
| Total liabilities | $602.6M | $801.9M | $386.7M | $315.9M | $282.4M |
| Stockholders' equity | $1.7B | $382.5M | $554.5M | $673.2M | $698.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$165.5M | -$48.9M | -$98.9M | -$106.5M | -$71.8M |
| Depreciation and amortization | $25.4M | $19.8M | $15.4M | $16.2M | $7.5M |
| Stock-based compensation | $71.1M | $56.8M | $53.5M | $55.6M | $32.6M |
| Capital expenditure | $156.3M | $67.1M | $54.7M | $42.4M | $25.7M |
| Free cash flow | -$321.8M | -$116.0M | -$153.6M | -$148.9M | -$97.5M |
| Share repurchases | — | — | — | — | $30.4M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 578.8M · Free float 58.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.