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Rocket Lab USA, Inc.

RKLB NASDAQ Categories PDF
Industrials · Aerospace & Defense · United States · Updated May 11, 6:57am
$105.55
Price
$61.1B
Market Cap
2,100
Employees
2.31
Beta
Sir Peter Beck
CEO
Business Description

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. The company was founded in 2006 and is headquartered in Long Beach, California.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$118.21
+12.66 (+11.99%)
Day Range
$104.00 – $120.30
52-Week Range
$20.89 – $120.30
50-Day MA
$73.96
200-Day MA
$63.01
Volume
32,748,048.93
Analyst Price Targets
Low $69.00
Consensus $93.14
High $105.00
(30 analysts)
Share Structure
Outstanding 578,750,974.00
Float 539,135,485.00
Free Float 93.2%
High free float — 93.2% of shares trade freely, ~6.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
Industry comparison last run: Apr 13, 2026 3:34pm
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-285.26
Stock Price: $105.55
EPS (Diluted): -0.37
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
21.50
Stock Price: $105.55
Total Equity: $1.72B
Shares: 530,664,781
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-369.63
Market Cap: $61.08B
Total Debt: $154.11M
Cash: $828.66M
EBITDA: -$155.47M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$36.4B
Market Cap: $61.08B
Total Debt: $154.11M
Cash: $828.66M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
34.4%
Gross Profit: $207.18M
Revenue: $601.80M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-38.0%
Operating Income: -$228.84M
Revenue: $601.80M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-32.9%
Net Income: -$198.21M
Revenue: $601.80M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-12.3%
Net Income: -$198.21M
Total Equity: $1.72B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-8.1%
Operating Income: -$228.84M
Tax Rate: 12.3%
Equity: $1.72B
Total Debt: $154.11M
Cash: $828.66M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
4.08
Current Assets: $1.37B
Current Liabilities: $334.48M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.09
Short-Term Debt: $0.00
Long-Term Debt: $154.11M
Total Debt: $154.11M
Total Equity: $1.72B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$1.13
Revenue: $601.80M
Shares: 530,664,781
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.24
Total Equity: $1.72B
Shares: 530,664,781
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.61
Operating CF: -$165.52M
CapEx: -$156.29M
Shares: 530,664,781
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $105.55
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$198.21M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RKLB against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $62.2M $211.0M $244.6M $436.2M $601.8M
Cost of Revenue $64.1M $192.0M $193.2M $320.1M $394.6M
Gross Profit -$1.9M $19.0M $51.4M $116.1M $207.2M
Operating Expenses $100.2M $154.2M $229.3M $306.0M $436.0M
Operating Income -$102.1M -$135.2M -$177.9M -$189.8M -$228.8M
Net Income -$117.3M -$135.9M -$182.6M -$190.2M -$198.2M
EBITDA -$91.2M -$95.2M -$144.9M -$151.8M -$155.5M
EPS $-0.26 $-0.29 $-0.38 $-0.38 $-0.37
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $691.0M $242.5M $162.5M $271.0M $828.7M
Total Current Assets $774.8M $662.3M $476.7M $692.6M $1.4B
Total Assets $980.8M $989.1M $941.2M $1.2B $2.3B
Current Liabilities $96.3M $162.9M $223.4M $339.5M $334.5M
Long-Term Debt $97.3M $100.0M $87.6M $389.4M $154.1M
Total Liabilities $282.4M $315.9M $386.7M $801.9M $602.6M
Total Equity $698.4M $673.2M $554.5M $382.5M $1.7B
Retained Earnings -$305.0M -$441.0M -$623.5M -$813.7M -$1.0B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$71.8M -$106.5M -$98.9M -$48.9M -$165.5M
Capital Expenditure -$25.7M -$42.4M -$54.7M -$67.1M -$156.3M
Free Cash Flow -$97.5M -$149.0M -$153.6M -$116.0M -$321.8M
Acquisitions (net) -$66.4M -$65.8M -$19.0M $12.5M -$132.4M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$30.4M $0 $0 $0 $0
Net Change in Cash $638.1M -$446.2M -$79.4M $108.9M $558.2M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $1.3B
$1.0B – $1.5B
 $1.6B
$1.6B – $1.6B
 $2.1B
$1.8B – $2.4B
 $2.6B
$2.2B – $3.0B
EBITDA -$667.8M
-$773.5M – -$539.8M
 -$857.9M
-$867.9M – -$847.9M
 -$1.1B
-$1.3B – -$961.4M
 -$1.4B
-$1.6B – -$1.2B
Net Income -$6.7M
-$57.8M – $115.7M
 $176.4M
$76.2M – $238.7M
 $305.1M
$257.2M – $373.7M
 $460.4M
$388.0M – $563.9M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +239.0% +15.9% +78.3% +38.0%
Gross Profit Growth +1,103.2% +170.7% +125.9% +78.4%
Operating Income Growth -32.5% -31.6% -6.7% -20.6%
Net Income Growth -15.9% -34.3% -4.2% -4.2%
EBITDA Growth -4.4% -52.2% -4.7% -2.4%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-26 Clevenger Marvin Bradford 0.00 $0.00 $0
2026-03-24 Kampani Arjun A-Award 77,189.00 $0.00 $0
2026-03-20 Spice Adam C. G-Gift 1,558.00 $0.00 $0
2026-03-06 Saintil Merline S-Sale 18,126.00 $75.04 $1.4M
2026-03-02 Spice Adam C. S-Sale 4,489.00 $66.83 $299,994
2026-03-02 Spice Adam C. S-Sale 3,165.00 $67.92 $214,969
2026-03-02 Spice Adam C. S-Sale 11,528.00 $69.10 $796,624
2026-03-02 Spice Adam C. S-Sale 36,633.00 $70.03 $2.6M
2026-03-02 Spice Adam C. S-Sale 6,929.00 $70.62 $489,305
2026-03-02 Klein Frank S-Sale 3,182.00 $66.83 $212,649
2026-03-02 Klein Frank S-Sale 2,244.00 $67.92 $152,414
2026-03-02 Klein Frank S-Sale 8,173.00 $69.10 $564,782
2026-03-02 Klein Frank S-Sale 25,971.00 $70.03 $1.8M
2026-03-02 Klein Frank S-Sale 4,912.00 $70.62 $346,871
2026-03-04 Klein Frank S-Sale 2,000.00 $70.26 $140,510
2026-03-04 Klein Frank S-Sale 10,296.00 $71.32 $734,285
2026-03-04 Klein Frank S-Sale 17,675.00 $72.02 $1.3M
2026-03-04 Klein Frank S-Sale 5,597.00 $73.08 $409,038
2026-03-04 Klein Frank S-Sale 1,200.00 $73.82 $88,585
2026-03-02 Kampani Arjun S-Sale 2,058.00 $66.83 $137,534
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27