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Rocket Lab USA, Inc. logo

Rocket Lab USA, Inc. Business Segments

Business, geographic, and product segment breakdowns

Rocket Lab USA, Inc. generates $679.6M in annual revenue across 2 key segments: Launch Services ($227.1M), and Space Systems ($452.5M). The company-wide operating margin is -33.2%. Based on the Q1 2026 filing.

Launch Services (TTM)$227.1MSpace Systems (TTM)$452.5M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$71.7B
ROE-13.55%

Products & Services

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems$90M$87M$97.9M$114.2M$103.8M$136.7M
Service revenues$48.4M$41.8M$51.8M$51M$85.6M$72.9M
Launch Services$42.4M$35.6M$46.6M$40.9M$75.9M$63.7M

Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service revenues$13.4M$8.3M$15.4M$26.1M$38.6M$30.1M

Total cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service revenues$35M$33.5M$36.4M$24.9M$47M$42.8M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concentration risk percentage2.0%1.8%1.8%1.8%1.8%—
Total revenues$8.2M$10.2M$10.2M$10.2M$10.2M—

Business Segments

Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems$24.4M$28M$32.2M$33.6M$32.2M$48.3M
Launch Services$12.5M$7.2M$14.2M$23.8M$36.1M$28.2M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems$90M$87M$97.9M$114.2M$103.8M$136.7M
Launch Services$42.4M$35.6M$46.6M$40.9M$75.9M$63.7M

Total cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems$65.7M$58.9M$65.7M$80.6M$71.6M$88.4M
Launch Services$29.9M$28.4M$32.4M$17.2M$39.8M$35.4M