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Nasdaq · Industrials

Rocket Lab Corp (RKLB)

As-reported financials and SEC filings for Rocket Lab Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Rocket Lab Corp

Rocket Lab Corp provides end-to-end space solutions including launch services, spacecraft design, manufacturing, and on-orbit management. The company operates launch vehicles such as Electron and is developing the medium-lift Neutron rocket, serving commercial and government customers worldwide. Rocket Lab also manages private launch complexes in New Zealand and the United States to support frequent and reliable access to orbit.

Snapshot

Revenue
$601.8M
Revenue growth (YoY)
38.0%
Net income
$-198.2M
Diluted EPS
$-0.37
Gross margin
34.4%
Operating margin
-38.0%
Net margin
-32.9%
FCF margin
-53.5%
ROE
-11.5%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$40.87B
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Rocket Lab

  • Revenue grew 38.0% to $602M in FY2025, slower than the 78.3% the year before.
  • Operating margin is -38.0% in FY2025, +125.9 pp against -164.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $234M, up 62.0% from Q2 FY2025.
  • Free cash flow was negative $322M in FY2025.
  • Net loss widened to $198M in FY2025, from $190M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Rocket Lab’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin34.4%
63rd percentile of 466
Operating margin-38.0%
5th percentile of 605
Net margin-32.9%
6th percentile of 645
FCF margin-53.5%
2nd percentile of 562
Revenue growth (YoY)+38.0%
93rd percentile of 668
ROE-11.5%
21st percentile of 600
Long-term debt / equity0.00×
5th percentile of 409
Short interest2.18d
31st percentile of 676

Rocket Lab’s FCF margin of -53.5% ranks in the 2nd percentile of the 562 Industrials companies reporting it. Rocket Lab’s operating margin of -38.0% ranks in the 5th percentile of the 605 Industrials companies reporting it. Rocket Lab’s long-term debt to equity of 0.00 ranks in the 5th percentile of the 409 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 45 insider sales totaling $304.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+4 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
7
4 trimmed, 3 exited
Combined position
$328.0M
reported long value
InvestorAs ofPosition valueSharesChange
ARK Investment ManagementQ2 2026$165.8M1.6MReduced
D. E. ShawquantQ2 2026$112.1M1.1MReduced
AQR Capital ManagementquantQ2 2026$34.9M354.1KAdded
Gotham Asset ManagementQ2 2026$5.7M56.4KAdded
Renaissance TechnologiesquantQ2 2026$4.9M48.6KNew
Polen Capital ManagementQ2 2026$2.3M22.8KReduced
Bridgewater AssociatesQ2 2026$1.1M11.3KReduced
Point72 Asset ManagementquantQ2 2026$1.0M10.0KNew

No longer held by: Citadel Advisors (as of Q2 2026), Millennium Management (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
45
$304.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Klein FrankChief Operations OfficerSell19.8K$66.86$1.3M
2026-08-27
filed 2026-08-28
Klein FrankChief Operations OfficerSell15.3K$66.25$1.0M
2026-08-27
filed 2026-08-28
Kampani ArjunSVP & General CounselSell4.6K$66.50$306K
2026-08-27
filed 2026-08-28
Kampani ArjunSVP & General CounselSell1.4K$67.16$96K
2026-08-27
filed 2026-08-28
Klein FrankChief Operations OfficerSell458$67.54$31K
2026-08-24
filed 2026-08-26
Klein FrankChief Operations OfficerSell42.3K$69.53$2.9M
2026-08-24
filed 2026-08-26
Clevenger Marvin BradfordPresident, Rocket Lab USA, IncSell13.9K$69.53$968K
2026-08-24
filed 2026-08-26
Spice Adam C.Chief Financial OfficerSell9.0K$69.53$622K
2026-08-24
filed 2026-08-26
Kampani ArjunSVP & General CounselSell7.2K$69.53$499K
2026-08-24
filed 2026-08-26
Klein FrankChief Operations OfficerSell2.1K$71.17$146K
2026-08-24
filed 2026-08-26
Klein FrankChief Operations OfficerSell1.4K$70.20$96K
2026-08-24
filed 2026-08-26
Clevenger Marvin BradfordPresident, Rocket Lab USA, IncSell677$71.17$48K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
44.4M
settled 2026-08-14
Change vs prior
-3.1%
vs previous settlement
Days to cover
2.18
at avg daily volume
Avg daily volume
20.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1444.4M-3.1%2.18
2026-07-3145.8M-0.1%2.42
2026-07-1545.8M+7.6%2.43
2026-06-3042.6M+24.6%1.27
2026-06-1534.2M+7.9%1.31
2026-05-2931.7M-5.2%1.08
2026-05-1533.4M+0.3%1.11
2026-04-3033.3M+5.6%1.43

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$601.8M$436.2M$244.6M$211.0M$62.2M
Gross profit$207.2M$116.1M$51.4M$19.0M$-1.9M
Operating income$-228.8M$-189.8M$-177.9M$-135.2M$-102.1M
Net income$-198.2M$-190.2M$-182.6M$-135.9M$-117.3M
Diluted EPS$-0.37$-0.38$-0.38$-0.29$-0.56

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-165.5M$-48.9M$-98.9M$-106.5M$-71.8M
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

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$234.1M62.0%$-49.3M$-0.08
Q1 FY2026$200.3M63.5%$-45.0M$-0.07
Q4 FY2025$179.7M35.7%$-52.9M$-0.09
Q3 FY2025$155.1M48.0%$-18.3M$-0.03
Q2 FY2025$144.5M36.0%$-66.4M$-0.13
Q1 FY2025$122.6M32.1%$-60.6M$-0.12
Q4 FY2024$132.4M120.7%$-52.3M$-0.10
Q3 FY2024$104.8M54.9%$-51.9M$-0.10

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryGuided Missiles & Space Vehicles & Parts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1819994

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-K/A2025-04-30
View on EDGAR →
10-Q2026-08-10
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-10
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-08-13
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.