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Rocket Lab USA, Inc. RKLB Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$200.3MBeat by $10.7MDiluted EPS-$0.07Miss by $0.00
Revenue estimate$189.6M
EPS estimate-$0.07

Next report

Aug 6, 2026 (in a month)
Revenue estimate$231.6M
EPS estimate-$0.05

Financials

Q1 2026

Income statement

See full
Revenue$200.3M+63.5%
Gross profit$76.5M+117%
Operating income-$56.0M+5.4%
Net income-$45.0M+25.7%
EPS (diluted)-$0.07+41.7%

Balance sheet

See full
Cash & equivalents$1.2B+293%
Total debt$101.8M-29.2%
Total equity$2.3B+425%
Total assets$2.8B+125%

Cash flow

See full
Operating cash flow-$50.3M+7.2%
CapEx$27.1M-5.6%
Free cash flow-$77.4M+6.6%

Valuation & ratios

Valuation

as of 06/26/26
See full
Market cap$50.42B+351%
Enterprise value$49.31B+346%
P/S74.2×+50.2×

Profitability

See full
Gross margin36.6%+9.3pp
Operating margin-33.2%-6.6pp
Net margin-26.9%-7.6pp
FCF margin-46.5%+13.5pp

Returns & leverage

See full
Return on equity-13.5%-5.6pp
Debt / equity0×-0.3×
Current ratio4.5×+2.4×

Segments

By segment

See full
Space Systems$136.7M+57.2%
Launch Services$63.7M+78.9%

Versus estimates

Revenue

Q1 2026$200.3MBeat by $10.7M
Q4 2025$179.7MBeat by $2.8MQ3 2025$155.1MBeat by $3.3MQ2 2025$144.5MBeat by $9.1MQ1 2025$122.6MBeat by $1.2MQ4 2024$132.4MBeat by $1.8M

Diluted EPS

Q1 2026-$0.07Miss by $0.00
Q4 2025-$0.09Beat by $0.01Q3 2025$0.01Beat by $0.11Q2 2025-$0.10Miss by $0.00Q1 2025-$0.12Miss by $0.01Q4 2024-$0.10Miss by $0.01

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Questions, answered.

When did Rocket Lab USA, Inc. report Q1 2026 earnings?
Rocket Lab USA, Inc. (RKLB) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Rocket Lab USA, Inc.'s Q1 2026 revenue and EPS?
Rocket Lab USA, Inc. reported revenue of $200.3M and diluted EPS of $-0.07 for Q1 2026.
Did Rocket Lab USA, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $189.6M by $10.7M. EPS missed the consensus estimate of $-0.07 by $0.00.
How did Rocket Lab USA, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 63.5% from $122.6M a year earlier and diluted EPS grew 41.7% from $-0.12.
Where can I find Rocket Lab USA, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001819994-26-000027) and the 10-Q periodic report (0001819994-26-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.