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Rocket Lab USA, Inc. RKLB Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$155.1MBeat by $3.3MDiluted EPS$0.01Beat by $0.11
Revenue estimate$151.8M
EPS estimate-$0.10

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$155.1M+48.0%
Gross profit$57.3M+105%
Operating income-$59.0M-13.6%
Net income-$18.3M+64.8%
EPS (diluted)-$0.03+70.0%

Balance sheet

See full
Cash & equivalents$812.7M+174%
Total debt$169.6M+35.0%
Total equity$1.3B+205%
Total assets$2.2B+92.7%

Cash flow

See full
Operating cash flow-$23.5M+23.9%
CapEx$45.9M+317%
Free cash flow-$69.4M-65.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$23.19B+382%
Enterprise value$22.54B+386%
P/S41.8×+28.6×

Profitability

See full
Gross margin31.7%+5.6pp
Operating margin-41.4%-6.7pp
Net margin-35.6%-8.5pp
FCF margin-41.8%+2.2pp

Returns & leverage

See full
Return on equity-23.2%-6.4pp
Debt / equity0.1×-0.2×
Current ratio3.2×+0.6×

Segments

By segment

See full
Space Systems$114.2M+36.1%
Launch Services$40.9M+95.3%

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 $2.8M
Q3 2025$155.1MBeat by $3.3M
Q2 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 $0.00Q4 2025-$0.09Beat by $0.01
Q3 2025$0.01Beat by $0.11
Q2 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 Q3 2025 earnings?
Rocket Lab USA, Inc. (RKLB) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Rocket Lab USA, Inc.'s Q3 2025 revenue and EPS?
Rocket Lab USA, Inc. reported revenue of $155.1M and diluted EPS of $0.01 for Q3 2025.
Did Rocket Lab USA, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $151.8M by $3.3M. EPS beat the consensus estimate of $-0.10 by $0.11.
How did Rocket Lab USA, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 48.0% from $104.8M a year earlier.
Where can I find Rocket Lab USA, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001819994-25-000020) and the 10-Q periodic report (0001819994-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.