OpenNashEarnings

Aerospace · Nasdaq: RKLB

Rocket Lab earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 25 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Rocket Lab posted record quarterly revenue of $268 million, a 73% increase year-on-year, with record backlog of approximately $3.6 billion and positive GAAP operating cash flow of $7.2M.

Rocket Lab had a record third quarter, with revenue of $268 million, a 73% increase year-on-year. Backlog rose to a record $3.57 billion on about $1 billion of new launch contracts and $470 million signed for Space Systems. Operating cash flow was positive at $7.2M. The GAAP net loss was $(79,677) thousand, which includes a $27,259 thousand loss on extinguishing debt.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$267.8M+72.7% y/yQ3 2026
Q4 2024: $132.4M (worked out from the annual figure)Q4 ’24$132.4MQ1 2025: $122.6MQ1 ’25$122.6MQ2 2025: $144.5MQ2 ’25$144.5MQ3 2025: $155.1MQ3 ’25$155.1MQ4 2025: $179.7M (worked out from the annual figure)Q4 ’25$179.7MQ1 2026: $200.3MQ1 ’26$200.3MQ2 2026: $234.1MQ2 ’26$234.1MQ3 2026: $267.8MQ3 ’26$267.8M

Fourth quarter worked out from the annual figure.

Data
Q4 2024$132.4M *
Q1 2025$122.6M
Q2 2025$144.5M
Q3 2025$155.1M
Q4 2025$179.7M *
Q1 2026$200.3M
Q2 2026$234.1M
Q3 2026$267.8M
Diluted EPS (GAAP)-$0.12−300.0% y/yQ3 2026
Q1 2025: -$0.12Q1 ’25-$0.12Q2 2025: -$0.13Q2 ’25-$0.13Q3 2025: -$0.03Q3 ’25-$0.03Q1 2026: -$0.07Q1 ’26-$0.07Q2 2026: -$0.08Q2 ’26-$0.08Q3 2026: -$0.12Q3 ’26-$0.12
Data
Q1 2025-$0.12
Q2 2025-$0.13
Q3 2025-$0.03
Q1 2026-$0.07
Q2 2026-$0.08
Q3 2026-$0.12

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-29.6%+8.4 pts y/yQ3 2026
Q4 2024: -38.9%Q4 ’24-38.9%Q1 2025: -48.3%Q1 ’25-48.3%Q2 2025: -41.3%Q2 ’25-41.3%Q3 2025: -38.0%Q3 ’25-38.0%Q4 2025: -28.4%Q4 ’25-28.4%Q1 2026: -27.9%Q1 ’26-27.9%Q2 2026: -24.6%Q2 ’26-24.6%Q3 2026: -29.6%Q3 ’26-29.6%
Data
Q4 2024-38.9%
Q1 2025-48.3%
Q2 2025-41.3%
Q3 2025-38.0%
Q4 2025-28.4%
Q1 2026-27.9%
Q2 2026-24.6%
Q3 2026-29.6%
Free cash flow-$23.9M+65.6% y/yQ3 2026
Q4 2024: -$23.9MQ4 ’24-$23.9MQ1 2025: -$82.9MQ1 ’25-$82.9MQ2 2025: -$55.3MQ2 ’25-$55.3MQ3 2025: -$69.4MQ3 ’25-$69.4MQ4 2025: -$114.2MQ4 ’25-$114.2MQ1 2026: -$77.4MQ1 ’26-$77.4MQ2 2026: -$110.1MQ2 ’26-$110.1MQ3 2026: -$23.9MQ3 ’26-$23.9M
Data
Q4 2024-$23.9M
Q1 2025-$82.9M
Q2 2025-$55.3M
Q3 2025-$69.4M
Q4 2025-$114.2M
Q1 2026-$77.4M
Q2 2026-$110.1M
Q3 2026-$23.9M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$132.4Md$122.6M$144.5M$155.1M$179.7Md$200.3M$234.1M$267.8M
Gross margin27.8%28.8%32.1%37.0%38.0%38.2%36.1%33.6%
Operating income-$51.5Md-$59.2M-$59.6M-$59.0M-$51.0Md-$56.0M-$57.5M-$79.2M
Operating margin-38.9%-48.3%-41.3%-38.0%-28.4%-27.9%-24.6%-29.6%
Net income-$52.3Md-$60.6M-$66.4M-$18.3M-$52.9Md-$45.0M-$49.3M-$79.7M
Diluted EPS—-$0.12-$0.13-$0.03—-$0.07-$0.08-$0.12
Operating cash flow-$2.4Md-$54.2M-$23.2Md-$23.5Md-$64.5Md-$50.3M-$84.1Md$7.2Md
Capital expenditure$21.6Md$28.7M$32.0Md$45.9Md$49.7Md$27.1M$26.0Md$31.1Md
Free cash flow-$23.9M-$82.9M-$55.3M-$69.4M-$114.2M-$77.4M-$110.1M-$23.9M
R&D expense$48.3Md$55.1M$66.1M$70.7M$78.8Md$80.5M$82.4M$98.4M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings