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Rocket Lab USA, Inc. RKLB Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$179.7MBeat by $2.8M
EPS-$0.09Beat by $0.01
Revenue estimate$176.8M
EPS estimate-$0.10

Next report

Nov 9, 2026 (in a month)
Revenue estimate$257.8M
EPS estimate-$0.02

Financials

Q4 2025

Income statement

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Revenue$179.7M+35.7%
Gross profit$68.2M+85.3%
Operating income-$51.0M+1.0%
Net income-$52.9M-1.1%
EPS (diluted)-$0.09+10.0%

Balance sheet

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Cash & equivalents$833.5M+203%
Total debt$112.7M-13.0%
Total equity$1.7B+350%
Total assets$2.3B+96.3%

Cash flow

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Operating cash flow-$64.5M-2,603%
CapEx$49.7M+130%
Free cash flow-$114.2M-377%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$37.26B+193%
Enterprise value$36.54B+190%
P/S61.9×+32.7×

Profitability

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Gross margin34.4%+7.8pp
Operating margin-38%-4.3pp
Net margin-32.9%-6.5pp
FCF margin-53.5%-4,844pp

Returns & leverage

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Return on equity-18.8%-6.6pp
Debt / equity0.1×-0.3×
Current ratio4.1×+2.0×

Segments

By segment

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Space Systems$103.8M+15.3%
Launch Services$75.9M+79.2%

By geography

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Rest of world$10.2M+23.7%

FAQ

When did Rocket Lab USA, Inc. report Q4 2025 earnings?
Rocket Lab USA, Inc. (RKLB) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Rocket Lab USA, Inc.'s Q4 2025 revenue and EPS?
Rocket Lab USA, Inc. reported revenue of $179.7M and eps of $-0.09 for Q4 2025.
Did Rocket Lab USA, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $176.8M by $2.8M. EPS beat the consensus estimate of $-0.10 by $0.01.
How did Rocket Lab USA, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 35.7% from $132.4M a year earlier and eps grew 10.0% from $-0.10.
Where can I find Rocket Lab USA, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001819994-26-000012) and the 10-K periodic report (0001819994-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.