Rocket Lab Financials Overview
| RKLB Stock | USD 105.47 26.89 34.22% |
Macro event markers
Balance Sheet Account Activities
Total Assets stood at $2.32 billion as of December 31, 2025. Meanwhile, Total Stockholder Equity is holding steady around $1.72 billion, while Short and Long Term Debt Total remains stable at $253.96 million.Key Financial Indicators for Rocket Lab
Operating Margin | Short Term Coverage Ratios | Short Long Term Debt Total | Other Current Liab | Price Earnings Ratio |
Rocket Lab's financial health is best assessed by examining how leverage, liquidity, and earnings quality interact. The acid-test ratio and current ratio measure whether Rocket Lab's has enough liquid assets for near-term liabilities. Rocket Lab's capacity to fund operations and return capital depends fundamentally on cash flow generation. Cash flow, debt levels, and profitability trends together outline Rocket Lab's financial condition. Rocket Lab USA (RKLB) recorded $1.16 in Cash Per Share, -$0.64 in Free Cash Flow Per Share, and a Cash Ratio of 2.63.
Net Working Capital | $524.34 million |
Rocket Lab Stock Summary
Rocket Lab is commonly compared to Heico, United Airlines, Westinghouse Air, Verisk Analytics, and Otis Worldwide. Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company was founded in 2006 and is headquartered in Long Beach, California. Rocket Lab operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 758 people.Specialization | Industrials, Aerospace & Defense |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US7731211089 |
| Business Address | 3881 McGowen Street, |
| Sector | Machinery |
| Industry | Industrials |
| Benchmark | Dow Jones Industrial |
| Website | rocketlabcorp.com |
| Phone | 714 465 5737 |
| Trading Currency | USD - US Dollar |
| Reporting Currency | USD - US Dollar |
The sections below quantify Rocket Lab's operating performance, leverage, and cash generation from reported data. The breakdown separates capital structure from operating performance from cash generation - three distinct signals that often diverge. Changes in these metrics across periods reveal whether management is gaining or losing operating leverage.
Key Financial Ratios
Rocket Lab's ratios strip out scale differences so that profitability and leverage can be benchmarked against sector peers and Rocket Lab USA own historical baselines.| Return On Equity TTM | -0.14 | |||
| Return On Asset TTM | -0.0658 | |||
| Profit Margin TTM | -0.27 | |||
| Operating Margin TTM | -0.22 | |||
| Target Price | 94.96 |
Key Balance Sheet Accounts
Rocket Lab's financial position at any reporting date is captured by the interplay between assets and obligations. This line, along with other equity and liability accounts, reveals the funding behind Rocket Lab's operations. The full breakdown of Rocket Lab's financing structure follows below.
| 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Net Tangible Assets | 285.3M | 661.0M | 522.5M | 600.9M | 371.0M | |
| Other Assets | 3.5M | 11.5M | 14.6M | 16.7M | 9.1M | |
| Property Plant Equipment | 76.7M | 93.8M | 101.5M | 116.7M | 92.9M |
Key Cash Accounts
The cash flow statement answers whether Rocket Lab generates enough cash to sustain operations and growth. How Rocket Lab splits cash between reinvesting, paying debt, and returning capital shapes long-term value. Detailed accounts follow, covering all three categories of Rocket Lab's cash movement.
| 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Net Borrowings | -271K | 2.1M | 302.9M | -61.5M | -58.4M | |
| Change To Operating Activities | 1.2M | -12.9M | -25.3M | -22.8M | -21.6M | |
| Change To Netincome | 9.1M | 40.5M | 42.5M | 48.9M | 26.9M | |
| Change To Liabilities | 14.3M | -561K | -1.6M | -1.4M | -1.4M | |
| Sale Purchase Of Stock | -30.4M | -31.6M | -15.7M | -14.1M | -14.9M | |
| Other Cashflows From Investing Activities | -237.8M | 3.7M | 2.9M | 2.6M | 2.8M |
Financial Ratio Analysis
ROE stood at -0.12 as of December 31, 2025. Related reported metric: Return On Asset TTM at -8.95% as of December 31, 2025.
Core Fundamental Drivers
Rocket Lab's fundamental indicators reflect cascading financial relationships where cost structure drives margins, margins drive cash flow, and cash flow constrains leverage. Rocket Lab USA reports revenue of 601.8 M, and an operating margin of -22.36% on a trailing twelve-month basis, compared to -40.0% in the last reported annual period.
| 2023 | 2024 | 2025 | 2026 (projected) | Total Operating Expenses | 229.3M | 306.0M | 436.0M | 457.8M | Cost Of Revenue | 193.2M | 320.1M | 394.6M | 198.1M |
Key Balance Sheet Account Correlations
Click cells to compare fundamentals
Strong positive correlations among Rocket Lab's balance sheet accounts mean those line items respond to the same business conditions - when one moves, the other follows. Negative correlations are equally informative: they expose accounts that offset each other, which matters for stress-testing scenarios where one leg of the business weakens. Relationships between total assets and total liabilities reveal how changes in leverage affect the overall financial position.
Balance Sheet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Financial Metrics, Fundamentals & Methodology
A closer look at Rocket Lab shows how capital structure and profitability shape financial flexibility. Cost discipline determines whether current margins are scalable or vulnerable to reversal. For the latest reporting period, Rocket Lab reports revenue of 601.8 million, EPS loss of 0.32, negative operating margin of 22.36%.
Rocket Lab USA metrics are compiled from periodic company reporting and market reference feeds and normalized before display. Reported income, balance-sheet, and cash-flow fields adhere to GAAP or IFRS presentation rules.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board