Rocket Lab USA, Inc. Total Operating Expenses increased by 11.1% to $132.46M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 40.3%, from $94.44M to $132.46M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 44.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.15M | $39.84M | $45.47M | $36.56M | $38.12M | $40.47M | $39.05M | $52.37M | $59.75M | $53.83M | $63.38M | $67.25M | $70.44M | $79.90M | $88.37M | $94.44M | $106.03M | $116.28M | $119.27M | $132.46M |
| QoQ Change | — | >999% | +14.1% | -19.6% | +4.3% | +6.2% | -3.5% | +34.1% | +14.1% | -9.9% | +17.7% | +6.1% | +4.7% | +13.4% | +10.6% | +6.9% | +12.3% | +9.7% | +2.6% | +11.1% |
| YoY Change | — | — | — | — | >999% | +1.6% | -14.1% | +43.3% | +56.8% | +33.0% | +62.3% | +28.4% | +17.9% | +48.4% | +39.4% | +40.4% | +50.5% | +45.5% | +35.0% | +40.3% |