Rocket Lab
Builds and launches small rockets, spacecraft, components, and mission systems.
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Profile
Sells Electron orbital launches, HASTE hypersonic-test missions, and spacecraft platforms, components, software, payloads, and mission services. Space Systems contributes most revenue, while launch reliability, licensing, customer readiness, supply chains, government contracting, export controls, and Neutron qualification shape execution.
Launch Services provides dedicated Electron orbital missions and HASTE suborbital hypersonic-test missions, while Neutron remains a medium-lift development program in qualification. Space Systems supplies spacecraft platforms, components, flight software, mission design, payloads, manufacturing, and on-orbit support.
Operations span the United States and New Zealand, with additional capabilities in Canada and Germany. Vertical control across design, manufacturing, and launch supports rapid prototyping and streamlined production, and completed acquisitions have broadened the hardware and software stack.
Space Systems contributes most revenue. Execution depends on launch reliability, customer payload readiness, licensing, launch-site and supply-chain availability, government contracting and export controls; Neutron’s schedule depends on completing hardware qualification and integration.
Company facts
Categories
Key statistics
Year to date −15.3% · Average volume (30d) 17.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $85 | $122 | |
| Aug 11, 2026 | Roth Capital | Target | $130 | $110 | ||
| Jul 27, 2026 | KGI Securities | Upgrade | Neutral | Outperform | $105 | $107 |
| Jul 15, 2026 | Piper Sandler | Initiate | Neutral | $83 | ||
| Jun 29, 2026 | Roth Capital | Reiterate | Buy | $100 | $130 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.06 | −$0.08 | −37.2% | $231.6M | $234.1M | +1.1% | −0.04% |
| May 7, 2026Q1 FY26 | −$0.07 | −$0.07 | −4.4% | $189.6M | $200.3M | +5.6% | +34.22% |
| Feb 26, 2026Q4 FY25 | −$0.10 | −$0.09 | +8.9% | $176.8M | $179.7M | +1.6% | −4.89% |
| Nov 10, 2025Q3 FY25 | −$0.10 | $0.01 | +110.1% | $151.8M | $155.1M | +2.2% | −1.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $122.6M | $144.5M | $155.1M | $179.7M | $200.3M | $234.1M | |
| Gross profit | $35.2M | $46.4M | $57.3M | $68.2M | $76.5M | $84.6M | |
| Operating income | −$59.2M | −$59.6M | −$59.0M | −$51.0M | −$56.0M | −$57.5M | |
| Net income | −$60.6M | −$66.4M | −$18.3M | −$52.9M | −$45.0M | −$49.3M | |
| Diluted EPS | −$0.12 | −$0.13 | −$0.03 | −$0.09 | −$0.07 | −$0.08 | |
| Gross margin | 28.8% | 32.1% | 37.0% | 38.0% | 38.2% | 36.1% | |
| Operating margin | -48.3% | -41.3% | -38.0% | -28.4% | -27.9% | -24.6% |
Fiscal years (4-quarter sums)FY21 $62.2M · FY22 $211.0M · FY23 $244.6M · FY24 $436.2M · FY25 $601.8M
Revenue by product · Q1 FY26
Revenue by geography · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $2.30B · Total debt $133.7M · Total assets $4.19B · Shareholders' equity $3.49B
Dividends
No dividends on record.
Ownership
Shares outstanding 578.87M · Float 539.07M · 93.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| VK Services, LLC | 50.98M | 10.20% | 13D | Feb 18, 2025 |
| BlackRock, Inc. | 40.58M | 7.01% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 30.08M | 5.19% | 13G | Jul 31, 2026 |
| Vanguard Portfolio Management LLC | 27.12M | 4.68% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 18.34M | 3.17% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Arjun Kampani | officer: SVP & General Counsel | −6,034 | $66.65 |
| Aug 27, 2026 | Frank Klein | officer: Chief Operations Officer | −35,558 | $66.61 |
| Aug 24, 2026 | Marvin Bradford Clevenger | officer: President, Rocket Lab USA, Inc | −15,051 | $69.63 |
| Aug 24, 2026 | Arjun Kampani | officer: SVP & General Counsel | −7,754 | $69.63 |
| Aug 24, 2026 | Frank Klein | officer: Chief Operations Officer | −45,692 | $69.63 |
Peers
- Northrop Grumman
Broad rival in launch, defense spacecraft, and missile-tracking systems
- Firefly Aerospace
Closest listed peer across small launch, medium launch, and spacecraft
- Lockheed Martin
National-security spacecraft prime with competing platforms and sensors
- Redwire
Direct overlap in spacecraft platforms, solar power, avionics, and payloads
- L3Harris Technologies
Defense-space rival in missile-tracking satellites and infrared payloads
- Kratos Defense & Security Solutions
Focused rival and partner in hypersonic test vehicles and rocket systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rocket Lab | $64.56 | +0.25% | $37.27B | — | — | 48.5 | +62.0% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Firefly Aerospace | $21.17 | −0.56% | $3.49B | — | — | 12.2 | +656.9% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| Redwire | $10.87 | 0.00% | $2.60B | — | — | 6.1 | +89.6% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Median | 23.7 | 20.0 | 4.1 | +20.5% |