What is Rocket Lab USA, Inc.'s R&D?

Rocket Lab USA, Inc. (RKLB) reported R&D of $80.51M in Q1 2026.

How has Rocket Lab USA, Inc.'s R&D changed year-over-year?

Rocket Lab USA, Inc.'s R&D increased by 46.1% year-over-year, from $55.11M to $80.51M.

What is the long-term trend for Rocket Lab USA, Inc.'s R&D?

Over 4 years (2021 to 2025), Rocket Lab USA, Inc.'s R&D has grown at a 59.6% compound annual growth rate (CAGR), from $41.76M to $270.72M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Rocket Lab USA, Inc. RKLB R&D

R&D at other companies

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$4.17M+118%

Starfighters Space, Inc. FJET

$83.26K-67.4%

RedwireRDW

$12.58M+1,448%

Voyager Technologies, Inc.VOYG

$7.51M+85.9%

Intuitive Machines, Inc.LUNR

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YSS

York Space Systems YSS

$5.29M+20.2%

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$39.92B+90.2%

Enterprise value$38.81B+88.6%

P/S58.7×+17.1×

Profitability

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Gross margin36.6%+9.3pp

Operating margin-33.2%-6.6pp

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 / equity0×-0.3×

Current ratio4.5×+2.4×

Where this comes from

Reported directly by Rocket Lab USA, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Rocket Lab USA, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rocket Lab USA, Inc.'s R&D?: Rocket Lab USA, Inc. (RKLB) reported R&D of $80.51M in Q1 2026.
How has Rocket Lab USA, Inc.'s R&D changed year-over-year?: Rocket Lab USA, Inc.'s R&D increased by 46.1% year-over-year, from $55.11M to $80.51M.
What is the long-term trend for Rocket Lab USA, Inc.'s R&D?: Over 4 years (2021 to 2025), Rocket Lab USA, Inc.'s R&D has grown at a 59.6% compound annual growth rate (CAGR), from $41.76M to $270.72M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.