Rocket Lab launches small satellites into space with its Electron rocket and is developing the larger Neutron rocket. The company also builds satellites and components such as solar panels and control systems. It has launch sites in New Zealand and the US. As of Oct 16, 2026
As of Oct 16, 2026Fact sheet (from the annual report)Missiles, guided weapons and space · Long Beach, USAfull fact sheet
Rocket Lab is a space company that offers launch services, spacecraft design and manufacturing and components for them. By the end of 2025 the small Electron rocket had carried more than 200 spacecraft into orbit. Its customers include government agencies such as the US Department of War and NASA as well as commercial operators. The space systems range from individual components such as reaction wheels, star trackers and solar technology to complete spacecraft including on-orbit operations. Its headquarters and engine production are in Long Beach, California, and its launch sites in Mahia, New Zealand, and on Wallops Island, Virginia.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: redDebt: green
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SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Rocket Lab · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 26, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
✗not met: Profit in each of the last 5 fiscal years0 of 5
✗not met: Free cash flow positive in each of the last 3 fiscal years0 of 3
✓met: Equity ratio above 30%74.1%
Gross margin
34.4%Fiscal year 2025
No rank: too few peers or not computed yet.
Share of revenue left after the direct cost of the products sold.
Operating margin
−38.0%Fiscal year 2025
No rank: too few peers or not computed yet.
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
−32.9%Fiscal year 2025
No rank: too few peers or not computed yet.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
−11.5%Fiscal year 2025
No rank: too few peers or not computed yet.
Net income divided by equity at fiscal year end.
Return on assets
−8.5%Fiscal year 2025 (total assets at year end)
No rank: too few peers or not computed yet.
Net income divided by total assets at fiscal year end.
Equity ratio
74.1%Fiscal year 2025
No rank: too few peers or not computed yet.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
−53.5%Fiscal year 2025
No rank: too few peers or not computed yet.
Free cash flow divided by revenue.
Free cash flow
−321.8M USDFiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 4 of 4 met · 3 without data
✓met: Over 3 years, revenue grew by more than 5% per year+41.8%
✓met: Over 5 years, revenue grew by more than 5% per year+76.5%
–no data: Over 10 years, revenue grew by more than 5% per yearno comparable figures over 10 years
–no data: Over 3 years, EPS grew by more than 5% per yearnot computable (loss in the first or last year, or figures missing)
–no data: Over 5 years, EPS grew by more than 5% per yearnot computable (loss in the first or last year, or figures missing)
✓met: Revenue rose in at least 4 of the last 5 fiscal years5 of 5
✓met: Revenue rose in the last fiscal year+38.0%
Revenue growth 3 years
+41.8%per year
No rank: too few peers or not computed yet.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+76.5%per year
No rank: too few peers or not computed yet.
Average growth per year over 5 fiscal years.
Dividend 0 of 1 met · 6 without data
✗not met: Pays a dividendno dividend per share reported for the last fiscal year
–no data: Payout ratio at most 60% of earningspays no dividend
–no data: Dividend paid in each of the last 5 fiscal yearspays no dividend
–no data: Dividend per share never lowered in the last 5 fiscal yearspays no dividend
–no data: Dividend per share higher than 5 years agopays no dividend
–no data: Free cash flow per share covers the dividendpays no dividend
–no data: Dividends paid over the last 5 years covered by free cash flowpays no dividend
Financial strength 3 of 5 met · 1 without data
✗not met: Piotroski F-Score at least 7 of 96 of 9
✓met: Long-term debt no higher than equity0.00
✓met: Current assets cover current liabilities4.08
✓met: Positive equity1.7B USD
–no data: In 5 years, share count up by at most 5%no comparable share count 5 years ago
✗not met: Free cash flow positive in the last fiscal year−321.8M USD
Piotroski F-Score
6 of 9Fiscal year 2025
No rank: too few peers or not computed yet.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.00at fiscal year end
No rank: too few peers or not computed yet.
Long-term financial debt divided by equity.
Liquidity (current ratio)
4.08at fiscal year end
No rank: too few peers or not computed yet.
Current assets divided by current liabilities.
Change in share count
+13.8%in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
✗not met: Profit in the last fiscal year (positive return on assets)
✗not met: Positive operating cash flow
✓met: Return on assets higher than the prior year
✓met: Operating cash flow higher than net income
✓met: Long-term debt relative to total assets fell
✓met: Liquidity (current assets / current liabilities) rose
✗not met: No additional shares (diluted share count did not rise)
✓met: Gross margin higher than the prior year
✓met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.
In short
Light green: Revenue grew over 5 years (+76.5% per year), at least as fast as the sector median.
Light red: Loss in the last fiscal year.
Light green: Debt not higher than usual in the sector.
Light red: Profit in 0 of 6 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−250M0250M500M750M
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 35.2M USD · Net income −55.0M USD · Net margin −156.4%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 62.2M USD · Net income −117.3M USD · Net margin −188.5%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 211.0M USD · Net income −135.9M USD · Net margin −64.4%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 244.6M USD · Net income −182.6M USD · Net margin −74.6%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 436.2M USD · Net income −190.2M USD · Net margin −43.6%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 601.8M USD · Net income −198.2M USD · Net margin −32.9%
Margin
−156%−189%−64%−75%−44%−33%
RevenueNet incomeNet margin (below)in USD
−100M0100M200M300M
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 67.7M USD · Net income −40.6M USD · Net margin −60.0%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 60.0M USD · Net income −50.5M USD · Net margin −84.2% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 92.8M USD · Net income −44.3M USD · Net margin −47.7%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 106.3M USD · Net income −41.6M USD · Net margin −39.2%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 104.8M USD · Net income −51.9M USD · Net margin −49.6%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 132.4M USD · Net income −52.3M USD · Net margin −39.5% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 122.6M USD · Net income −60.6M USD · Net margin −49.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 144.5M USD · Net income −66.4M USD · Net margin −46.0%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 155.1M USD · Net income −18.3M USD · Net margin −11.8%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 179.7M USD · Net income −52.9M USD · Net margin −29.5% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 200.3M USD · Net income −45.0M USD · Net margin −22.5%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 234.1M USD · Net income −49.3M USD · Net margin −21.0%
Margin
−60%−84%−48%−39%−50%−40%−49%−46%−12%−29%−22%−21%
Earnings per shareUSD per share
−0.80−0.60−0.40−0.200
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −0.73 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share −0.56 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share −0.29 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share −0.38 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share −0.38 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share −0.37 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −0.07 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share −0.08 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 601.8M USD · Net income −198.2M USD · Net margin −32.9%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 34.4 USD gross profit remained.
2020Fiscal year 2020: Operating cash flow −27.8M USD · Capital expenditure 25.1M USD · Free cash flow −52.9M USD
2021Fiscal year 2021: Operating cash flow −71.8M USD · Capital expenditure 25.7M USD · Free cash flow −97.5M USD
2022Fiscal year 2022: Operating cash flow −106.5M USD · Capital expenditure 42.4M USD · Free cash flow −149.0M USD
2023Fiscal year 2023: Operating cash flow −98.9M USD · Capital expenditure 54.7M USD · Free cash flow −153.6M USD
2024Fiscal year 2024: Operating cash flow −48.9M USD · Capital expenditure 67.1M USD · Free cash flow −116.0M USD
2025Fiscal year 2025: Operating cash flow −165.5M USD · Capital expenditure 156.3M USD · Free cash flow −321.8M USD
Share count
The share count rose in 4 years by 152.8% – more new shares were issued than repurchased (dilution).
Diluted share count
0200M400M600M
2020Fiscal year 2020: Diluted share count not available
2021Fiscal year 2021: Diluted share count 209.9M
2022Fiscal year 2022: Diluted share count 466.2M
2023Fiscal year 2023: Diluted share count 481.8M
2024Fiscal year 2024: Diluted share count 495.9M
2025Fiscal year 2025: Diluted share count 530.7M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
nonepays no dividend
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+76.5%per year, last 5 years
Sector Industrials: median +8.0% (81 symbols)
What does this mean? Revenue: over 5 years it grew by 76.5% per year on average – at least as fast as the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 32.94 USD. Five years ago the margin was −156.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.00latest balance sheet
Sector Industrials: median 0.59 (67 symbols)
What does this mean? No financial debt reported – no more than the median company in the sector (0.59). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 6 loss years
0 of 6fiscal years with a profit
What does this mean? In 0 of the last 6 fiscal years the bottom line showed a profit. 6 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
601.8M USD
Revenue vs. prior year
+38.0%
Net income (FY)
−198.2M USD
Net income vs. prior year
–
EPS (FY)
-0.37 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 26, 2026 · Balance sheet Jun 30, 2026 (filed Aug 10, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
601.8M
−198.2M
−32.9%
−0.37
–
–
2024
Dec 31, 2024
436.2M
−190.2M
−43.6%
−0.38
–
–
2023
Dec 31, 2023
244.6M
−182.6M
−74.6%
−0.38
–
–
2022
Dec 31, 2022
211.0M
−135.9M
−64.4%
−0.29
–
–
2021
Dec 31, 2021
62.2M
−117.3M
−188.5%
−0.56
–
–
2020
Dec 31, 2020
35.2M
−55.0M
−156.4%
−0.73
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
234.1M
−49.3M
−21.0%
−0.08
–
–
Q1/26
Mar 31, 2026
200.3M
−45.0M
−22.5%
−0.07
–
–
Q4/25*
Dec 31, 2025
179.7M
−52.9M
−29.5%
–
–
–
Q3/25
Sep 30, 2025
155.1M
−18.3M
−11.8%
−0.03
–
–
Q2/25
Jun 30, 2025
144.5M
−66.4M
−46.0%
−0.13
–
–
Q1/25
Mar 31, 2025
122.6M
−60.6M
−49.5%
−0.12
–
–
Q4/24*
Dec 31, 2024
132.4M
−52.3M
−39.5%
–
–
–
Q3/24
Sep 30, 2024
104.8M
−51.9M
−49.6%
−0.10
–
–
Q2/24
Jun 30, 2024
106.3M
−41.6M
−39.2%
−0.08
–
–
Q1/24
Mar 31, 2024
92.8M
−44.3M
−47.7%
−0.09
–
–
Q4/23*
Dec 31, 2023
60.0M
−50.5M
−84.2%
–
–
–
Q3/23
Sep 30, 2023
67.7M
−40.6M
−60.0%
−0.08
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Insider purchases and sales on the market over 3, 6 and 12 months
Period
Purchases
Sales
Net
3 months
$00 people
$27.0M5 people
−$27.0M
6 months
$00 people
$389.8M7 people
−$389.8M
12 months
$00 people
$683.3M11 people
−$683.3M
Latest transactions
Oct 1, 2026Spice Adam C.Chief financial officer (CFO)Open-market sale · 10b5-1 plan15,200 shares · $1.1M · SEC
Oct 1, 2026Spice Adam C.Chief financial officer (CFO)Open-market sale · 10b5-1 plan85,288 shares · $6.0M · SEC
Oct 1, 2026Spice Adam C.Chief financial officer (CFO)Open-market sale · 10b5-1 plan39,669 shares · $2.8M · SEC
Sep 2, 2026Spice Adam C.Chief financial officer (CFO)Open-market sale · 10b5-1 plan72,900 shares · $4.6M · SEC
Sep 2, 2026Spice Adam C.Chief financial officer (CFO)Open-market sale · 10b5-1 plan67,257 shares · $4.2M · SEC
Aug 27, 2026Klein FrankOfficerOpen-market sale · 10b5-1 plan458 shares · $30.9K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -80
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows+0
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)27.9
Rel. strength 60 d−18.0%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.