Rocket Lab Corp

Listed Company

RKLBCIK 0001819994NasdaqLarge AcceleratedGuided Missiles & Space Vehicles & PartsFY ends Dec 31

Period

FY 2025

Revenue

$601.80M

Net Income

$-198.21M

Total Assets

$2.32B

Equity

$1.72B

Shares Out

567.45M

Op. Cash Flow

$-165.52M

Business

Rocket Lab Corp is an end-to-end space company providing regular access to orbit and on-orbit management solutions. It offers launch services with Electron and a developing medium‑lift vehicle, spacecraft design and manufacturing, spacecraft components, flight and ground software, and constellation operations. Its operations are organized into launch services and space systems segments covering vehicle and propulsion design, component manufacturing and mission operations. It serves government and commercial customers worldwide using company-operated and leased launch complexes, a ground station network, and partner distribution channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	602	436	245	211	62
Total cost of revenues	395	320	193	192	64
Gross profit	207	116	51	19	−2
Research and development, net	271	174	119	65	42
Selling, general and administrative	165	132	110	89	58
Total operating expenses	436	306	229	154	100
Operating loss	−229	−190	−178	−135	−102
Interest expense	−26	−26	−18	—	—
Interest income	26	22	13	—	—
Loss on foreign exchange	−463,000	−87,000	−470,000	−4	−567,000
Other income, net	4	4	4	1	−798,000
Total other income (expense), net	3	390,000	−1	2	−23
Loss before income taxes	−226	−189	−179	−133	−125
Benefit (provision) for income taxes	28	−764,000	−4	−3	8
Net loss	−198	−190	−183	−136	−117
Foreign currency translation gain (loss)	624,000	−5	−93,000	600,000	253,000
Unrealized gain on available-for-sale marketable securities	217,000	455,000	494,000	−772,000	0
Comprehensive loss	−197	−195	−182	−136	−117
Basic (in dollars per share)	−0.37	−0.38	−0.38	−0.29	−0.56
Diluted (in dollars per share)	−0.37	−0.38	−0.38	−0.29	−0.56
Basic (in shares)	531	496	482	466	210
Diluted (in shares)	531	496	482	466	210

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	829	271	163	243	691
Marketable securities, current	188	148	82	229	0
Accounts receivable, net	39	36	35	37	14
Contract assets	62	63	13	9	2
Inventories	158	119	108	92	48
Prepaids and other current assets	90	55	67	52	19
Total current assets	1,366	693	477	662	775
Property, plant and equipment, net	319	195	145	102	65
Intangible assets, net	225	59	68	80	57
Goodwill	206	71	71	71	43
Right-of-use assets - operating leases	90	54	59	35	28
Right-of-use assets - finance leases	14	14	15	16	0
Marketable securities, non-current	82	61	79	9	0
Restricted cash	5	4	4	3	1
Deferred income tax assets, net	2	3	4	4	6
Other non-current assets	16	31	19	7	5
Total assets	2,324	1,184	941	989	981
Trade payables	73	53	29	12	3
Accrued expenses	19	19	6	9	11
Employee benefits payable	26	21	16	9	8
Contract liabilities	195	216	139	108	60
Current installments of long-term borrowings	0	12	18	3	3
Other current liabilities	21	18	15	22	11
Total current liabilities	334	340	223	163	96
Convertible senior notes, net	152	345	0	—	—
Long-term borrowings, net, excluding current installments	2	44	88	100	97
Non-current operating lease liabilities	85	52	56	34	28
Non-current finance lease liabilities	15	15	15	16	0
Deferred tax liabilities	1	891,000	426,000	95,000	466,000
Other non-current liabilities	13	5	4	3	2
Total liabilities	603	802	387	316	282
COMMITMENTS AND CONTINGENCIES (Note 17)	—	—	—	—	—
Preferred stock, $0.0001 par value; authorized shares: 100,000,000; issued and outstanding shares: 45,951,250 and 0 at December 31, 2025 and December 31, 2024, respectively	5,000	0	0	—	—
Common stock, $0.0001 par value; authorized shares: 2,500,000,000; issued shares: 589,525,802 and 504,453,785 at December 31, 2025 and December 31, 2024, respectively; outstanding shares 543,574,552 and 504,453,785 at December 31, 2025 and December 31, 2024, respectively	54,000	50,000	49,000	48,000	45,000
Treasury stock, at cost; shares: 45,951,250 and 0 at December 31, 2025 and December 31, 2024, respectively	0	0	—	—	—
Additional paid-in capital	2,736	1,199	1,176	1,113	1,002
Accumulated deficit	−1,012	−814	−624	−441	−305
Accumulated other comprehensive loss	−2	−3	2	1	1
Total stockholders equity	1,722	382	555	673	698
Total liabilities and stockholders equity	2,324	1,184	941	989	981

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−198	−190	−183	−136	−117
Depreciation and amortization	44	34	30	30	11
Stock-based compensation expense	71	57	53	56	33
Loss (gain) on disposal of assets	3	−3	−111,000	923,000	—
Loss on extinguishment of long-term debt	6	1	2	0	496,000
Amortization of debt issuance costs and discount	3	3	3	3	2
Noncash lease expense	8	6	6	3	—
Change in the fair value of contingent consideration	−11	−218,000	1	0	0
Accretion of marketable securities purchased at a discount	−2	−3	−5	−1	0
Deferred income taxes	−31	599,000	708,000	−576,000	−10
Accounts receivable, net	667,000	−1	1	−9	−8
Contract assets	2	−50	−4	−8	2
Inventories	−40	−12	−16	−26	−12
Prepaids and other current assets	−15	8	−15	−15	−11
Other non-current assets	16	−13	−11	−7	−5
Trade payables	10	25	16	−2	−5
Accrued expenses	−2	9	−3	−4	3
Employee benefits payable	2	5	5	2	−326,000
Contract liabilities	−22	77	31	23	28
Other current liabilities	849,000	3	−8	1	838,000
Non-current lease liabilities	−12	−6	−5	−4	−2
Other non-current liabilities	223,000	2	227,000	668,000	370,000
Net cash used in operating activities	−166	−49	−99	−107	−72
Purchases of property, equipment and software	−156	−67	−55	−42	−26
Proceeds on disposal of assets, net	397,000	13	4	0	—
Cash paid for business combinations and asset acquisitions, net of acquired cash	−132	0	−19	−66	−66
Purchases of marketable securities	−275	−162	−207	−260	0
Maturities of marketable securities	213	116	269	22	—
Sale of marketable securities	3	2	20	0	0
Net cash (used in) provided by investing activities	−347	−98	12	−346	−92
Proceeds from ATM Equity Offerings	1,146	0	0	—	—
Issuance costs related to ATM Equity Offerings	−27	0	0	—	—
Proceeds from the exercise of stock options	3	4	2	4	3
Proceeds from Employee Stock Purchase Plan	11	6	5	4	0
Proceeds from sale of employees restricted stock units to cover taxes	113	35	16	31	0
Minimum tax withholding paid on behalf of employees for restricted stock units	−113	−35	−16	−31	0
Payment of contingent consideration	0	0	−1	−6	0
Finance lease principal payments	−268,000	−329,000	−336,000	−271,000	0
Purchase of capped calls related to issuance of convertible senior notes	0	−43	0	0	—
Proceeds from issuance of convertible senior notes	0	355	0	0	—
Proceeds from secured term loan	27	0	110	0	99
Repayments on secured term loans	−88	−52	−108	0	0
Payment of debt issuance costs	−278,000	−12	−1	0	0
Net cash provided by financing activities	1,071	257	7	2	800
Effect of exchange rate changes on cash and cash equivalents	−110,000	−597,000	43,000	4	2
Net increase (decrease) in cash and cash equivalents and restricted cash	558	109	−79	−446	638
Cash paid for interest	25	16	16	11	4
Cash paid for income taxes	854,000	269,000	769,000	3	−2
Unpaid purchases of property, equipment and software	19	8	3	2	938,000
Right-of-use assets obtained in exchange for new operating lease liabilities	39	3	30	9	4
Early termination of right-of-use assets	0	0	664,000	0	0
Issuance of common stock for payment of accrued bonus	2	2	0	1	0
Issuance of common stock warrants in connection with Loan Agreement	0	0	3	0	0
Issuance of common stock in connection with acquisition, at fair value	138	838,000	2	—	—
Contingent consideration assumed at acquisition	18	0	0	—	—
Accrued issuance costs in connection with Loan Agreement	0	0	641,000	0	0
Accrued issuance costs in connection with ATM Equity Offerings	214,000	0	0	—	—
Convertible senior notes, net and accrued interest settled by issuance of common stock	197	0	0	—	—
Payable to seller in connection with business combination	578,000	0	0	—	—

Filings

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