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Rocket Lab USA, Inc. RKLB Operating margin

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Other financials

Income statement

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Revenue$200.3M+63.5%
Gross profit$76.5M+117%
Operating income-$56.0M+5.4%
Net income-$45.0M+25.7%
EPS (diluted)-$0.07+41.7%

Balance sheet

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Cash & equivalents$1.2B+293%
Total debt$101.8M-29.2%
Total equity$2.3B+425%
Total assets$2.8B+125%

Cash flow

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Operating cash flow-$50.3M+7.2%
CapEx$27.1M-5.6%
Free cash flow-$77.4M+6.6%

Valuation

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Market cap$40.58B+90.1%
Enterprise value$39.47B+88.6%
P/S59.7×+17.4×

Profitability

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Gross margin36.6%+9.3pp
Net margin-26.9%-7.6pp
FCF margin-46.5%+13.5pp

Returns & leverage

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Return on equity-13.5%-5.6pp
Debt / equity-0.3×
Current ratio4.5×+2.4×

Where this comes from

Calculated from Rocket Lab USA, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Rocket Lab USA, Inc.’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 4:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819994-26-000028

FAQ

What is Rocket Lab USA, Inc.'s operating margin?
Rocket Lab USA, Inc. (RKLB) reported operating margin of -33.2% in Q1 2026.
How has Rocket Lab USA, Inc.'s operating margin changed year-over-year?
Rocket Lab USA, Inc.'s operating margin increased by 24.9% year-over-year, from -44.2% to -33.2%.
What is the long-term trend for Rocket Lab USA, Inc.'s operating margin?
Over 4 years (2021 to 2025), Rocket Lab USA, Inc.'s operating margin has grown at a -30.6% compound annual growth rate (CAGR), from -164% to -38%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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