Rocket Lab USA (RKLB) financials
Rocket Lab USA revenue and earnings by year
Rocket Lab USA's revenue was $602 million in the fiscal year to December 31, 2025, up 38.0% from the year before. Net income was -$198 million, -32.9% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 52.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 602 | 436 | 245 | 211 | 62 | 35 | 48 |
| Revenue growth | 38.0% | 78.3% | 15.9% | 239.0% | 77.0% | -27.4% | — |
| Gross profit | 207 | 116 | 51 | 19 | -2 | -12 | -1 |
| Gross margin | 34.4% | 26.6% | 21.0% | 9.0% | -3.0% | -33.6% | -2.2% |
| Operating income | -229 | -190 | -178 | -135 | -102 | -55 | -33 |
| Operating margin | -38.0% | -43.5% | -72.7% | -64.1% | -164.0% | -156.3% | -68.0% |
| Net income | -198 | -190 | -183 | -136 | -117 | -55 | -30 |
| Net margin | -32.9% | -43.6% | -74.6% | -64.4% | -188.5% | -156.4% | -62.7% |
| Diluted EPS | -$0.37 | -$0.38 | -$0.38 | -$0.29 | — | — | — |
| Free cash flow | -322 | -116 | -154 | -149 | -97 | -53 | -46 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open RKLB in Markets.
How Rocket Lab USA makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Space Systems | $189M | 81.0% |
| Launch Services | $44.6M | 19.0% |
See also: RKLB returns
No forecast, no recommendation. This page describes Rocket Lab USA from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.