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Rocket Lab USA, Inc. RKLB Space Systems — Revenue

Other segment segments

Launch Services
$63.66M+78.9%

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Other financials

Income statement

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Revenue$234.1M+62.0%
Gross profit$84.6M+82.3%
Operating income-$57.5M+3.6%
Net income-$49.3M+25.8%
EPS (diluted)-$0.08+38.5%

Balance sheet

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Cash & equivalents$2.1B+274%
Total debt$132.0M-13.0%
Total equity$3.5B+407%
Total assets$4.2B+170%

Cash flow

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Operating cash flow-$84.1M-262%
CapEx$26.0M-18.7%
Free cash flow-$110.1M-99.2%

Valuation

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Market cap$51.75B+140%
Enterprise value$49.76B+135%
P/S67.3×+24.5×

Profitability

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Gross margin37.3%+8.2pp
Operating margin-29.1%-7.4pp
Net margin-21.5%-7.5pp
FCF margin-48.3%+11.5pp

Returns & leverage

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Return on equity-7.9%-3.5pp
Debt / equity-0.2×
Current ratio5.5×+2.8×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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

Filed
May 7, 2026, 4:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001819994-26-000028
Revenues by recognition modelLaunch ServicesSpace SystemsTotal
Point-in-time$55,565$32,149$87,714
Over-time8,098104,536112,634
Total revenue by recognition model$63,663$136,685$200,348

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Rocket Lab USA, Inc.'s space systems — revenue?
Rocket Lab USA, Inc. (RKLB) reported space systems — revenue of $136.69M in Q1 2026.
How has Rocket Lab USA, Inc.'s space systems — revenue changed year-over-year?
Rocket Lab USA, Inc.'s space systems — revenue increased by 57.2% year-over-year, from $86.98M to $136.69M.
What is the long-term trend for Rocket Lab USA, Inc.'s space systems — revenue?
Over 4 years (2021 to 2025), Rocket Lab USA, Inc.'s space systems — revenue has grown at a 104.0% compound annual growth rate (CAGR), from $23.27M to $402.76M.
What does space systems — revenue mean?
This metric represents the total revenue generated from the sale of spacecraft components, satellite platforms, and mission-related space systems services. It reflects the company's ability to monetize its space infrastructure and hardware offerings beyond traditional launch services. This revenue stream is a critical indicator of the company's expansion into the broader space economy and its success in securing long-term contracts for satellite manufacturing and orbital operations.

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