RKLB
Rocket Lab Corporation55.49
+0.08+0.14%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Neutron fix affirmed; Electron growth targeted
Q&A reinforced the Neutron Stage 1 tank rupture explanation from prepared remarks, with management voicing high certainty on the hand-layup defect's cause and touting the AFP machine's rapid, low-cost replacement production to hit Q4 2026 first launch. Electron/HASTE eyes 20% launch growth in 2026 on strong bookings. Early nontraditional customer talks emerged on space data centers, positioning silicon solar arrays for gigawatt-scale power. Vertical integration via OSI/Precision stressed for SDA schedule control, where Tranche III rev-rec stays conservative pending subcons. Tank fix: confident, cheap, fast. Tone stayed upbeat; watch Neutron quals and Mynaric.
Key Stats
Market Cap
29.64BP/E (TTM)
-Basic EPS (TTM)
-0.38Dividend Yield
0%Recent Filings
8-K
8-K
Rocket Lab inks $1B ATM
Rocket Lab entered an equity distribution agreement on March 17, 2026, enabling sales of up to $1 billion in common stock through agents like BofA Securities and Goldman Sachs, or via forward transactions with initially priced or collared structures. No upfront proceeds from hedged share sales; future cash arrives on settlement, subject to adjustments and commissions up to 2%. Sales hinge on borrowing availability. Forward deals may falter if stock loans dry up.
10-K
FY2025 results
Rocket Lab drove FY2025 revenue to $601.8M, up 38% y/y, with space systems at $402.8M (up 30%) fueled by spacecraft manufacturing and launch services hitting $199.0M (up 59%) on 21 Electron missions versus 16 prior year—second most frequent orbital rocket of 2025. Q4 accelerated with higher cadence and revenue per launch rising to $8.5M (derived), while costs fell to $4.8M via scale efficiencies, boosting gross margins to 34.4% from 26.6%. Backlog swelled to $1.8B, including $816M SDA Tranche 3 win, yet Neutron first launch slipped to Q4 2026 after tank failure. Cash piled to $829M post-$1.1B ATM raise; $156M capex funded growth. GEOST bolt-on added optical muscle. Neutron delays threaten cadence.
8-K
Record $602M revenue, $1.85B backlog
Rocket Lab posted record Q4 revenue of $180M and full-year $602M, up 38% YoY, fueled by 21 launches at 100% success and a landmark $816M Space Development Agency contract for 18 satellites. Backlog swelled 73% to $1.85B. Neutron's first launch slipped to Q4 2026 after a tank test failure. Guides Q1 revenue to $185M-$200M.
IPO
Website
Employees
Sector
Industry
DUKR
Duke Robotics Corp.
0.26+0.01
ESLT
Elbit Systems Ltd.
523.08+9.81
EVTL
Vertical Aerospace Ltd.
5.69+0.10
FLY
Firefly Aerospace Inc.
20.28-0.08
LMT
Lockheed Martin Corporation
477.06-7.36
PKE
Park Aerospace Corp.
20.67-0.08
RDW
Redwire Corporation
6.59-0.30
RTX
RTX Corporation
179.93-2.18
SATL
Satellogic Inc.
1.97+0.08
SPCE
Virgin Galactic Holdings, Inc.
3.10+0.08