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Rocket Lab USA, Inc. RKLB Q2 2025 earnings

Reported August 7, 2025 · After market close

Revenue$144.5MBeat by $9.1MDiluted EPS-$0.10Miss by $0.00
Revenue estimate$135.4M
EPS estimate-$0.10

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$144.5M+36.0%
Gross profit$46.4M+70.8%
Operating income-$59.6M-37.8%
Net income-$66.4M-59.5%
EPS (diluted)-$0.13-62.5%

Balance sheet

See full
Cash & equivalents$569.0M+65.1%
Total debt$151.7M+17.2%
Total equity$688.5M+51.3%
Total assets$1.6B+30.7%

Cash flow

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Operating cash flow-$23.2M-78.8%
CapEx$32.0M+109%
Free cash flow-$55.3M-95.0%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$15.44B+556%
Enterprise value$15.02B+603%
P/S30.6×+23.4×

Profitability

See full
Gross margin29%+4.0pp
Operating margin-44.1%-6.3pp
Net margin-45.9%-6.1pp
FCF margin-40.5%-4.1pp

Returns & leverage

See full
Return on equity-40.5%+11.3pp
Debt / equity0.2×-0.1×
Current ratio2.7×-0.1×

Segments

By segment

See full
Space Systems$97.9M+27.3%
Launch Services$46.6M+58.9%

By geography

See full
Rest of world$10.2M+23.7%

Versus estimates

Revenue

Q1 2026$200.3MBeat by $10.7MQ4 2025$179.7MBeat by $2.8MQ3 2025$155.1MBeat by $3.3M
Q2 2025$144.5MBeat by $9.1M
Q1 2025$122.6MBeat by $1.2MQ4 2024$132.4MBeat by $1.8M

Diluted EPS

Q1 2026-$0.07Miss by $0.00Q4 2025-$0.09Beat by $0.01Q3 2025$0.01Beat by $0.11
Q2 2025-$0.10Miss by $0.00
Q1 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 Q2 2025 earnings?
Rocket Lab USA, Inc. (RKLB) reported Q2 2025 earnings on August 7, 2025 after market close.
What were Rocket Lab USA, Inc.'s Q2 2025 revenue and EPS?
Rocket Lab USA, Inc. reported revenue of $144.5M and diluted EPS of $-0.10 for Q2 2025.
Did Rocket Lab USA, Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $135.4M by $9.1M. EPS missed the consensus estimate of $-0.10 by $0.00.
How did Rocket Lab USA, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 36.0% from $106.3M a year earlier and diluted EPS declined 25.0% from $-0.08.
Where can I find Rocket Lab USA, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-038936) directly on SEC EDGAR. The filing index links above go to sec.gov.