RKLBNasdaqGuided Missiles & Space Vehicles & PartsUS GAAP · USD

Rocket Lab Corp

Rocket Lab Corp is a U.S.-based space company that designs, manufactures, and launches small orbital rockets and spacecraft systems. Its business spans launch services, spacecraft components and subsystems, spacecraft manufacturing, and on-orbit mission support, with operations and engineering capabilities across the United States, New Zealand, and Canada.

Liikevaihto602milj. USD
+38,0 %v/v
Liikevoitto (EBIT)−229milj. USD
−20,6 %v/v
EBIT-marginaali−38,0%
+5,5 %-yks.v/v
Nettotulos−198milj. USD
−4,2 %v/v
Vapaa kassavirta−322milj. USD
−177,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−400−2000200400600800milj. USD2020: 35 milj. USD2020: EBIT −55 milj. USD20202021: 62 milj. USD2021: EBIT −102 milj. USD20212022: 211 milj. USD2022: EBIT −135 milj. USD20222023: 245 milj. USD2023: EBIT −178 milj. USD20232024: 436 milj. USD2024: EBIT −190 milj. USD20242025: 602 milj. USD2025: EBIT −229 milj. USD2025602−229
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Launch Services33 %

Orbital and suborbital launch missions for small payloads and test programs.

Space Systems67 %

Spacecraft manufacturing, components, subsystems, and mission hardware.

Launch Vehicle Development0 %

Development of next-generation launch systems, including Neutron.

Asiakkaat

Rocket Lab sells to government agencies, commercial spacecraft operators, aerospace primes, and spacecraft manufacturers. Its customer base includes U.S. government organizations such as NASA and the DoW, alongside domestic and international customers that need launch access, spacecraft hardware, or integrated mission support.

U.S. government agencies

NASA, DoW, and other agencies buy launch services and mission hardware for defense, science, and space access.

Commercial spacecraft operators

Operators buy dedicated launch services for small satellites and time-sensitive missions.

Spacecraft manufacturers

Manufacturers buy launch capacity and spacecraft components to integrate into their own systems.

Aerospace prime contractors

Primes buy flight hardware, subsystems, and mission-specific components for larger programs.

International commercial and government customers

These customers buy launch and space systems for missions outside the U.S. market.

Strategia

Rocket Lab’s strategy is to expand its end-to-end space platform by combining launch, spacecraft manufacturing, and mission services under one operating model. It is also investing in Neutron, new launch verticals such as HASTE, and manufacturing scale so it can serve larger payload classes and more complex customer programs.

Vertical integration across launch and space systemsKeskipitkä aikaväli

Controls mission execution, speeds development, and supports cross-selling.

Increase launch cadence and mission valueLyhyt aikaväli

More launches and higher-value payloads improve utilization and market position.

Develop Neutron for medium-lift missionsKeskipitkä aikaväli

Adds a larger payload class and expands the addressable market.

Scale spacecraft and component manufacturingKeskipitkä aikaväli

Supports constellation programs and broader space systems demand.

Maantiede

2025

Rocket Lab operates engineering, manufacturing, and test capabilities across the United States, New Zealand, and Canada, and it launches from both New Zealand and the U.S. East Coast. The company’s geography matters because launch availability, regulatory approvals, and proximity to customers and launch sites directly affect mission scheduling and execution.

USA79 %
Japan11 %
Other countries (US filing)6,7 %
Kanada3,4 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Rocket Lab faces execution risk from rapid growth, complex manufacturing, and launch operations that must be coordinated across multiple sites and programs. It is also exposed to cybersecurity, supply-chain, regulatory, and acquisition-integration risks, which are especially important in a highly regulated aerospace and defense environment.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Rapid growth and operational scaling1Cybersecurity and systems disruption2Supply-chain and production interruptions3Regulatory and export-control constraints4Acquisition and integration risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Rapid growth and operational scalingVaikutus: KorkeaTodennäköisyys: Korkea

    The business must expand launch cadence and manufacturing without disrupting mission success.

    Kohdistuu: Launch and space systems operations

  2. Cybersecurity and systems disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on sensitive engineering, mission, and customer systems that are attractive targets.

    KohdistuuIT systemsIPCustomerSupplier networks
  3. Supply-chain and production interruptionsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Specialized aerospace components and manufacturing inputs can be hard to source consistently.

    KohdistuuLaunch vehiclesSpacecraft componentsSubsystems
  4. Regulatory and export-control constraintsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Launch and defense-related activities operate in a heavily regulated environment.

    KohdistuuU.SNew ZealandInternational operations
  5. Acquisition and integration riskVaikutus: KeskitasoTodennäköisyys: Matala

    Purchased businesses can create goodwill, integration complexity, and valuation risk.

    Kohdistuu: M&A and intangible assets

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on launch and spacecraft contracts

Contracts may include milestone-based, success-based, and over-time elements that affect timing of revenue.

Vaikutus: Can shift revenue between periods depending on mission progress and contract terms

Variable consideration

Mission success fees, termination revenue, and liquidating damages require estimates.

Vaikutus: Affects reported revenue and margin timing

Business combinations and fair value estimates

Acquisitions require valuation of acquired assets, liabilities, and goodwill.

Vaikutus: Can materially affect balance sheet values and future impairment risk

Goodwill impairment

The company carries goodwill from acquisitions and must test it for impairment.

Vaikutus: Potential non-cash charges if expected cash flows weaken

Seasonality and launch cadence

Mission timing can cause quarterly swings in revenue and cost recognition.

Vaikutus: Makes period-to-period comparisons less linear

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Rocket Lab Corp (RKLB) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo