Rocket Lab Corporation (RKLB) Financial Statements
Rocket Lab financial statements at a glance
Rocket Lab reported revenue of $601.80 million for fiscal year 2025 (ended December 31, 2025), up 38.0% from fiscal year 2024. Net income was -$198.21 million, a net margin of 32.9% loss.
At the end of fiscal year 2025 it had total assets of $2.32 billion, total liabilities of $602.62 million and shareholders' equity of $1.72 billion, with cash and short-term investments of $1.02 billion and total debt of $253.96 million.
Its operations brought in -$165.52 million of cash; capital spending was $156.29 million, leaving free cash flow of -$321.81 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Rocket Lab Corporation
Income Statement
Annual • USD
Rocket Lab key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $601.8M | $436.2M | $244.6M | $211.0M | $62.2M |
| Gross profit | $207.2M | $116.1M | $51.4M | $19.0M | -$1.9M |
| Operating income | -$228.8M | -$189.8M | -$177.9M | -$135.2M | -$102.1M |
| Net income | -$198.2M | -$190.2M | -$182.6M | -$135.9M | -$117.3M |
| Diluted EPS | – | -$0.38 | -$0.38 | -$0.29 | -$0.56 |
| Total assets | $2.3B | $1.2B | $941.2M | $989.1M | $980.8M |
| Total liabilities | $602.6M | $801.9M | $386.7M | $315.9M | $282.4M |
| Shareholders' equity | $1.7B | $382.5M | $554.5M | $673.2M | $698.4M |
| Cash and short-term investments | $1.0B | $419.0M | $244.8M | $471.8M | $691.0M |
| Total debt | $254.0M | $468.4M | $176.7M | $152.8M | $128.4M |
| Operating cash flow | -$165.5M | -$48.9M | -$98.9M | -$106.5M | -$71.8M |
| Capital spending | $156.3M | $67.1M | $54.7M | $42.4M | $25.7M |
| Free cash flow | -$321.8M | -$116.0M | -$153.6M | -$149.0M | -$97.5M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Rocket Lab's revenue in fiscal year 2025?
$601.80 million, up 38.0% from $436.21 million in fiscal year 2024.
How much profit does Rocket Lab make?
Rocket Lab reported net income of -$198.21 million for fiscal year 2025 (32.9% of revenue); operating income was -$228.84 million.
How much cash and debt does Rocket Lab have?
At the end of fiscal year 2025: cash and short-term investments of $1.02 billion and total debt of $253.96 million.
What is Rocket Lab's free cash flow?
-$321.81 million in fiscal year 2025 (operating cash flow of -$165.52 million minus capital spending of $156.29 million).
