Operating
Rocket Lab USA, Inc.·Cash Flow Statement·22 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -$13M | -$30.9M | -$2.4M | -$54.2M | -$23.2M | -$23.5M | -$64.5M | -$50.3M |
| Change in deferred revenue | $33.5M | — | $49.1M | -$9.3M | $16.5M | -$16.4M | -$12.4M | $45.8M |
| Net income | -$41.6M | -$51.9M | -$52.3M | -$60.6M | -$66.4M | -$18.3M | -$52.9M | -$45M |
| Change in accounts receivable | $19.4M | -$28.3M | $14.4M | $3M | $22.3M | -$5.9M | -$20.1M | $35.7M |
| Stock-based compensation | $14M | $12.9M | $16.9M | $19.2M | $17.9M | $15.7M | $18.2M | $28.1M |
| Change in other assets | $1M | -$5.8M | $13.5M | -$1.6M | -$10.3M | — | -$5.7M | $26.1M |
| Change in inventories | $5M | $9.6M | $5.3M | $6.3M | $5.2M | $14.1M | $14.3M | $24.6M |
| Depreciation and amortization | $8.1M | $8.1M | $9.1M | $8.7M | $8.8M | $11.7M | $14.7M | $15M |
| Increase (Decrease) in Contract with Customer, Asset | $3.8M | $30.7M | $13.7M | -$2.2M | -$9M | -$1.4M | — | $13.4M |
| Change in accrued liabilities | $3.4M | — | $6.1M | -$2.7M | $6.7M | -$1.4M | -$4.6M | $10.8M |
| Accounts payable | -$257K | $15.8M | $10.9M | $9.8M | $1.4M | -$12.8M | $11.9M | -$8.2M |
| Increase (Decrease) in Prepaid Expense and Other Assets | -$665K | -$6.6M | -$5.6M | $9.6M | $8.4M | — | — | -$4.1M |
| Non-current lease liabilities | -$1.4M | -$1.5M | -$2.1M | -$1.7M | -$4.9M | -$1.7M | -$3.2M | -$3M |
| Current liabilities | — | — | — | -$3.7M | $3.8M | -$1.5M | $2.2M | -$2.9M |
| Noncash lease expense | $1.5M | $1.5M | $1.5M | $1.5M | $2M | $2.4M | $2.3M | $2.8M |
| Accrued compensation and employee benefits | -$442K | $4.6M | $1.8M | -$253K | $3.5M | $40.1M | — | $1.3M |
| Deferred income taxes | $1.9M | $310K | — | -$585K | $2M | -$34.5M | $0 | $1.2M |
| Accretion (Amortization) of Discounts and Premiums, Investments | $763K | $667K | $629K | $561K | $538K | $500K | $646K | $458K |
| Gain (Loss) on Disposition of Assets | $1.2M | $1.2M | $472K | -$13K | -$1.5M | -$853K | -$257K | $409K |
| Contingent consideration fair value adjustments | — | — | — | $0 | $0 | $0 | -$10.6M | $187K |
| Amortization expense related to capitalized debt issuance costs | $815K | $818K | $819K | $831K | $860K | $860K | $589K | $133K |
| Other long-term liabilities | $575K | $589K | $556K | $245K | $137K | — | $161K | $71K |