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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$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$53.37B+264%
Enterprise value$52.26B+260%
P/S78.5×+47.0×

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 / equity-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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 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.