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Rocket Lab USA, Inc. RKLB Space Systems — Total cost of revenues

Other segment segments

Launch Services
$35.44M+24.9%

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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$50.42B+264%
Enterprise value$49.31B+260%
P/S74.2×+44.4×

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:CostOfRevenue.

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 — total cost of revenues?
Rocket Lab USA, Inc. (RKLB) reported space systems — total cost of revenues of $88.42M in Q1 2026.
How has Rocket Lab USA, Inc.'s space systems — total cost of revenues changed year-over-year?
Rocket Lab USA, Inc.'s space systems — total cost of revenues increased by 50.0% year-over-year, from $58.95M to $88.42M.
What is the long-term trend for Rocket Lab USA, Inc.'s space systems — total cost of revenues?
Over 4 years (2021 to 2025), Rocket Lab USA, Inc.'s space systems — total cost of revenues has grown at a 127.7% compound annual growth rate (CAGR), from $10.3M to $276.85M.
What does space systems — total cost of revenues mean?
This represents the aggregate direct costs incurred to design, manufacture, and deliver space systems, including satellite components, spacecraft, and related mission hardware. It encompasses raw materials, direct labor, and manufacturing overhead specifically attributable to the Space Systems business segment. Monitoring this metric helps assess the efficiency of production processes and the impact of supply chain costs on the segment's bottom line.