RKLB

Updated: Mar 12, 2026 11:30 AM

Rocket Lab USA Inc.

Market Cap: $38.48B P/S: 248x Ownership — Insider: 1.8% | Institutional: 60.7% | Retail: 37.5% INDUSTRIALS AEROSPACE & DEFENSE

None

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        6/6 dates (100%)
  ✅ grossProfit                         6/6 dates (100%)
  ✅ netIncome                           6/6 dates (100%)

Plot for RKLB (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -436.21M                  -218.11M                    0.00M                    218.11M                   436.21M
               |                         |                         |                         |                         |

  2019-12-31 |                                                 |  48.40M
  2020-12-31 |                                              |  -55.01M
  2021-12-31 |                                       |  -117.32M
  2022-12-31 |                                     |  211.00M
  2023-12-31 |                               |  244.59M
  2024-12-31 |                              | 436.21M

               |                         |                         |                         |                         |
               -436.21M                  -218.11M                    0.00M                    218.11M                   436.21M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              6/6 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     5/6 dates (83%)
  ✅ costofGoodsAndServicesSold          6/6 dates (100%)

Plot for RKLB (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    80.02M                    160.03M                   240.05M                   320.06M
               |                         |                         |                         |                         |

  2019-12-31 |  49.48M ⊗
  2020-12-31 |  46.98M
  2021-12-31 |  64.13M
  2022-12-31 |  192.01M
  2023-12-31 |  193.18M
  2024-12-31 |  320.06M

               |                         |                         |                         |                         |
               0.00M                    80.02M                    160.03M                   240.05M                   320.06M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ operatingCashflow                   6/6 dates (100%)

Plot for RKLB (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -690.96M                  -345.48M                    0.00M                    345.48M                   690.96M
               |                         |                         |                         |                         |

  2019-12-31 |                                                   |  95.88M
  2020-12-31 |                                                   |  52.79M
  2021-12-31 |                                                | 690.96M
  2022-12-31 |                                             |  242.51M
  2023-12-31 |                                              |  176.69M
  2024-12-31 |                                                 |  468.42M

               |                         |                         |                         |                         |
               -690.96M                  -345.48M                    0.00M                    345.48M                   690.96M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   6/6 dates (100%)
  ✅ capitalExpenditures                 6/6 dates (100%)

Plot for RKLB (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -106.54M                   -53.27M                    0.00M                    53.27M                    106.54M
               |                         |                         |                         |                         |

  2019-12-31 |                                          |  24.32M
  2020-12-31 |                                       |  -27.76M
  2021-12-31 |                  |  -71.79M
  2022-12-31 | |  -106.54M
  2023-12-31 |     |  -98.87M
  2024-12-31 |                             |  67.09M

               |                         |                         |                         |                         |
               -106.54M                   -53.27M                    0.00M                    53.27M                    106.54M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         6/6 dates (100%)
  ✅ totalLiabilities                    6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for RKLB (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -1.18B                    -0.59B                     0.00B                     0.59B                     1.18B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  0.20B
  2020-12-31 |                                              |  0.35B
  2021-12-31 |                                                     |  0.98B
  2022-12-31 |                                                     |  0.99B
  2023-12-31 |                                                     |  0.94B
  2024-12-31 |                                                     | 1.18B

               |                         |                         |                         |                         |
               -1.18B                    -0.59B                     0.00B                     0.59B                     1.18B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for RKLB (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -698.45M                  -349.22M                    0.00M                    349.22M                   698.45M
               |                         |                         |                         |                         |

  2019-12-31 |                                                   |  137.22M
  2020-12-31 |                                         |  -166.71M
  2021-12-31 |                                            | 698.45M
  2022-12-31 |                                           |  673.21M
  2023-12-31 |                                       |  554.54M
  2024-12-31 |                                       |  468.42M

               |                         |                         |                         |                         |
               -698.45M                  -349.22M                    0.00M                    349.22M                   698.45M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        23/23 dates (100%)
  ✅ grossProfit                         23/23 dates (100%)
  ✅ netIncome                           23/23 dates (100%)

Plot for RKLB (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -155.08M                   -77.54M                    0.00M                    77.54M                    155.08M
               |                         |                         |                         |                         |

  2020-03-31 |                                                |  -14.25M
  2020-06-30 |                                                  |  -9.21M
  2020-09-30 |                                                 |  -12.61M
  2020-12-31 |                                               |  -18.95M
  2021-03-31 |                                                |  18.19M
  2021-06-30 |                                               |  -16.66M
  2021-09-30 |                        |  -87.97M
  2021-12-31 |                                                     |  27.48M
  2022-03-31 |                                            |  40.70M
  2022-06-30 |                                        |  55.47M
  2022-09-30 |                                         |  63.06M
  2022-12-31 |                                         |  51.76M
  2023-03-31 |                                      |  54.90M
  2023-06-30 |                                      |  62.05M
  2023-09-30 |                                       |  67.66M
  2023-12-31 |                                    |  59.99M
  2024-03-31 |                                      |  92.77M
  2024-06-30 |                                       |  106.25M
  2024-09-30 |                                    |  104.81M
  2024-12-31 |                                   |  132.39M
  2025-03-31 |                                 |  122.57M
  2025-06-30 |                               |  144.50M
  2025-09-30 |                                               | 155.08M

               |                         |                         |                         |                         |
               -155.08M                   -77.54M                    0.00M                    77.54M                    155.08M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              23/23 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     21/23 dates (91%)
  ✅ costofGoodsAndServicesSold          23/23 dates (100%)

Plot for RKLB (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    24.53M                    49.05M                    73.58M                    98.11M
               |                         |                         |                         |                         |

  2020-03-31 |  5.12M ⊗
  2020-06-30 |  9.52M ⊗
  2020-09-30 |  12.55M
  2020-12-31 |  19.79M
  2021-03-31 |  16.78M
  2021-06-30 |  8.82M
  2021-09-30 |  25.66M
  2021-12-31 |  32.74M
  2022-03-31 |  36.97M
  2022-06-30 |  50.52M
  2022-09-30 |  54.59M
  2022-12-31 |  49.93M
  2023-03-31 |  48.54M
  2023-06-30 |  47.45M
  2023-09-30 |  52.69M
  2023-12-31 |  44.50M
  2024-03-31 |  68.59M
  2024-06-30 |  79.09M
  2024-09-30 |  76.81M
  2024-12-31 |  95.57M
  2025-03-31 |  87.32M
  2025-06-30 |  98.11M
  2025-09-30 |  97.77M

               |                         |                         |                         |                         |
               0.00M                    24.53M                    49.05M                    73.58M                    98.11M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         22/23 dates (96%)
  ⚠️  shortLongTermDebtTotal              20/23 dates (87%)
  ✅ operatingCashflow                   23/23 dates (100%)

Plot for RKLB (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -807.88M                  -403.94M                    0.00M                    403.94M                   807.88M
               |                         |                         |                         |                         |

  2020-03-31 |                                               | -95.88M ⊗
  2020-06-30 |                                                    | -4.39M ⊗⊗
  2020-09-30 |                                                    |  -9.32M ⊗
  2020-12-31 |                                                    |  52.79M
  2021-03-31 |                                                    |  26.52M
  2021-06-30 |                                                    |  124.74M
  2021-09-30 |                                                    |  792.66M
  2021-12-31 |                                                    |  690.96M
  2022-03-31 |                                                   |  603.14M
  2022-06-30 |                                                   |  542.51M
  2022-09-30 |                                                    |  333.28M
  2022-12-31 |                                                    |  242.51M
  2023-03-31 |                                                   |  208.37M
  2023-06-30 |                                                    |  197.16M
  2023-09-30 |                                                   |  162.11M
  2023-12-31 |                                                  |  176.69M
  2024-03-31 |                                                    |  476.82M
  2024-06-30 |                                                    |  473.75M
  2024-09-30 |                                                   |  470.49M
  2024-12-31 |                                                    |  468.42M
  2025-03-31 |                                                  |  489.68M
  2025-06-30 |                                                    |  564.08M
  2025-09-30 |                                                   | 807.88M

               |                         |                         |                         |                         |
               -807.88M                  -403.94M                    0.00M                    403.94M                   807.88M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   23/23 dates (100%)
  ✅ capitalExpenditures                 23/23 dates (100%)

Plot for RKLB (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -54.23M                   -27.11M                    0.00M                    27.11M                    54.23M
               |                         |                         |                         |                         |

  2020-03-31 |                                              |  -7.71M
  2020-06-30 |                                                 |  9.22M
  2020-09-30 |                                            |  -9.32M
  2020-12-31 |                                               |  7.34M
  2021-03-31 |                                      |  -15.48M
  2021-06-30 |                                 |  -21.10M
  2021-09-30 |                                        |  -13.29M
  2021-12-31 |                                |  -21.91M
  2022-03-31 |                            |  -26.34M
  2022-06-30 |                |  -38.26M
  2022-09-30 |                               |  -23.00M
  2022-12-31 |                                   |  -18.95M
  2023-03-31 |                             |  -25.39M
  2023-06-30 |                                               |  10.57M
  2023-09-30 |                             |  -25.20M
  2023-12-31 |             |  -42.22M
  2024-03-31 |                                                   |  19.18M
  2024-06-30 |                                         |  15.34M
  2024-09-30 |                       |  -30.91M
  2024-12-31 |                                                   |  21.55M
  2025-03-31 | |  -54.23M
  2025-06-30 |                               |  32.04M
  2025-09-30 |                              |  45.91M

               |                         |                         |                         |                         |
               -54.23M                   -27.11M                    0.00M                    27.11M                    54.23M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         21/23 dates (91%)
  ⚠️  totalLiabilities                    21/23 dates (91%)
  ⚠️  totalShareholderEquity              22/23 dates (96%)

Plot for RKLB (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -2.22B                    -1.11B                     0.00B                     1.11B                     2.22B
               |                         |                         |                         |                         |

  2020-03-31 |                                                     |  0.14B ⊗⊗
  2020-09-30 |                                                     |  0.30B
  2020-12-31 |                                                 |  0.35B
  2021-03-31 |                                                     |  0.32B
  2021-06-30 |                                                     |  0.32B
  2021-09-30 |                                                     |  0.96B
  2021-12-31 |                                                     |  0.98B
  2022-03-31 |                                                     |  1.06B
  2022-06-30 |                                                     |  1.00B
  2022-09-30 |                                                     |  1.00B
  2022-12-31 |                                                     |  0.99B
  2023-03-31 |                                                     |  0.99B
  2023-06-30 |                                                     |  0.98B
  2023-09-30 |                                                     |  0.95B
  2023-12-31 |                                                     |  0.94B
  2024-03-31 |                                                     |  1.18B
  2024-06-30 |                                                     |  1.19B
  2024-09-30 |                                                     |  1.15B
  2024-12-31 |                                                     |  1.18B
  2025-03-31 |                                                     |  1.25B
  2025-06-30 |                                                     |  1.55B
  2025-09-30 |                                                     | 2.22B

               |                         |                         |                         |                         |
               -2.22B                    -1.11B                     0.00B                     1.11B                     2.22B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           23/23 dates (100%)
  ⚠️  shortLongTermDebtTotal              20/23 dates (87%)
  ⚠️  totalShareholderEquity              22/23 dates (96%)

Plot for RKLB (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -1.28B                    -0.64B                     0.00B                     0.64B                     1.28B
               |                         |                         |                         |                         |

  2020-03-31 |                                                    |  0.14B ⊗
  2020-06-30 |                                                    | -0.01B ⊗⊗
  2020-09-30 |                                                    |  -0.01B ⊗
  2020-12-31 |                                              |  -0.17B
  2021-03-31 |                                                    |  0.26B
  2021-06-30 |                                                    |  0.26B
  2021-09-30 |                                                 |  0.67B
  2021-12-31 |                                                     |  0.70B
  2022-03-31 |                                                    |  0.73B
  2022-06-30 |                                                   |  0.71B
  2022-09-30 |                                                    |  0.69B
  2022-12-31 |                                                   |  0.67B
  2023-03-31 |                                                   |  0.64B
  2023-06-30 |                                                   |  0.61B
  2023-09-30 |                                                   |  0.59B
  2023-12-31 |                                                   |  0.55B
  2024-03-31 |                                                   |  0.48B
  2024-06-30 |                                                   |  0.47B
  2024-09-30 |                                                   |  0.47B
  2024-12-31 |                                                   |  0.47B
  2025-03-31 |                                                   |  0.49B
  2025-06-30 |                                                  |  0.69B
  2025-09-30 |                                                    | 1.28B

               |                         |                         |                         |                         |
               -1.28B                    -0.64B                     0.00B                     0.64B                     1.28B

Price History

Volume

Advanced Chart