RKLB Chart
About

Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company operates through launch services and space systems segments. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, optical systems, and other spacecraft and on-orbit management solutions and constellation management services, as well as designs and manufactures small and medium-class rockets and develops flight and ground software. It also designs, manufactures, and sells Electron, an orbital small launch vehicle for small spacecraft launch services, as well as develops Neutron launch vehicles for large constellation deployments, interplanetary missions, and potentially for human spaceflight. In addition, the company designs and manufactures a range of components and subsystems for its launch vehicles and spacecraft. It serves commercial, aerospace prime contractors, and government customers. Rocket Lab Corporation was formerly known as Rocket Lab USA, Inc. and changed its name to Rocket Lab Corporation in August 2021. The company was founded in 2006 and is headquartered in Long Beach, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Aerospace & Defense Market Cap 39.52B
Enterprise Value 40.06B Income -198.21M Sales 601.80M
Book/sh 3.17 Cash/sh 1.79 Dividend Yield
Payout 0.00% Employees 2600 IPO
P/E Forward P/E 527.29 PEG
P/S 65.66 P/B 21.99 P/C
EV/EBITDA -215.97 EV/Sales 66.58 Quick Ratio 3.41
Current Ratio 4.08 Debt/Eq 15.39 LT Debt/Eq
EPS (ttm) -0.37 EPS next Y 0.13 EPS Growth
Revenue Growth 35.70% Earnings 2026-05-07 ROA -8.15%
ROE -18.84% ROIC Gross Margin 34.43%
Oper. Margin -28.41% Profit Margin -32.94% Shs Outstand 567.45M
Shs Float 523.99M Short Float 3.87% Short Ratio 1.11
Short Interest 52W High 99.58 52W Low 14.71
Beta 2.21 Avg Volume 22.29M Volume 6.84M
Target Price $89.88 Recom Buy Prev Close $71.93
Price $69.64 Change -3.18%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$89.88
Mean price target
2. Current target
$67.62
Latest analyst target
3. DCF / Fair value
$-8.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$67.62
Low
$68.00
High
$120.00
Mean
$89.88

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-19 init Clear Street — → Buy $88
2026-03-13 reit Cantor Fitzgerald Overweight → Overweight $85
2026-02-27 main Cantor Fitzgerald Overweight → Overweight $85
2026-02-27 reit Citizens Market Perform → Market Perform
2026-02-27 main Needham Buy → Buy $95
2026-01-20 main Goldman Sachs Neutral → Neutral $69
2026-01-20 main B of A Securities Buy → Buy $120
2026-01-16 up Morgan Stanley Equal-Weight → Overweight $105
2026-01-15 down Keybanc Overweight → Sector Weight
2025-12-23 main Needham Buy → Buy $90
2025-12-22 main Stifel Buy → Buy $85
2025-11-25 reit Needham Buy → Buy $63
2025-11-19 main B of A Securities Buy → Buy $60
2025-11-12 main Morgan Stanley Equal-Weight → Equal-Weight $67
2025-11-12 main Needham Buy → Buy $63
2025-11-11 reit Stifel Buy → Buy $75
2025-10-17 main Keybanc Overweight → Overweight $75
2025-10-16 init Baird — → Outperform $83
2025-10-13 main Morgan Stanley Equal-Weight → Equal-Weight $68
2025-09-03 reit Needham Buy → Buy $55
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 18126 1360171.0 Sale at price 75.04 per share. SAINTIL MERLINE A Director 2026-03-06 00:00:00 D
1 52472 3707381.0 Sale at price 66.83 - 74.09 per share. KAMPANI ARJUN E General Counsel 2026-03-04 00:00:00 D
2 81250 5740940.0 Sale at price 66.83 - 73.82 per share. KLEIN FRANK Chief Operating Officer 2026-03-04 00:00:00 D
3 62744 4366349.0 Sale at price 66.83 - 70.62 per share. SPICE ADAM C Chief Financial Officer 2026-03-02 00:00:00 D
4 18857 1312257.0 Sale at price 66.83 - 70.62 per share. BECK PETER Chief Executive Officer 2026-03-02 00:00:00 D
5 15205 1388221.0 Sale at price 89.02 - 97.92 per share. OLSON JON A Director 2026-01-20 00:00:00 D
6 108500 9436680.0 Sale at price 86.58 - 90.00 per share. SAINTIL MERLINE A Director 2026-01-14 00:00:00 D
7 731330 797150.0 Conversion of Exercise of derivative security at price 1.09 per share. SPICE ADAM C Chief Financial Officer 2026-01-05 00:00:00 D
8 1365665 103112280.0 Sale at price 72.15 - 78.04 per share. SPICE ADAM C Chief Financial Officer 2026-01-05 00:00:00 D
9 100000 7294980.0 Sale at price 67.61 - 75.80 per share. KLEIN FRANK Chief Operating Officer 2026-01-02 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-56.75K-18.27K-98.70K1.90M
TaxRateForCalcs0.120.210.210.21
NormalizedEBITDA-155.01M-129.49M-131.18M-104.25M
TotalUnusualItems-463.00K-87.00K-470.00K9.05M
TotalUnusualItemsExcludingGoodwill-463.00K-87.00K-470.00K9.05M
NetIncomeFromContinuingOperationNetMinorityInterest-198.21M-190.18M-182.57M-135.94M
ReconciledDepreciation43.94M33.66M29.74M29.95M
ReconciledCostOfRevenue394.62M320.06M193.18M192.01M
EBITDA-155.47M-129.58M-131.65M-95.20M
EBIT-199.41M-163.23M-161.40M-125.15M
NetInterestIncome-977.00K-3.95M-4.25M-7.80M
InterestExpense26.49M26.18M17.52M7.80M
InterestIncome25.51M22.23M13.28M
NormalizedIncome-197.80M-190.11M-182.20M-143.09M
NetIncomeFromContinuingAndDiscontinuedOperation-198.21M-190.18M-182.57M-135.94M
TotalExpenses830.64M626.01M422.51M346.20M
TotalOperatingIncomeAsReported-228.84M-189.80M-177.92M-135.20M
DilutedAverageShares495.93M481.77M466.21M209.90M
BasicAverageShares495.93M481.77M466.21M209.90M
DilutedEPS-0.38-0.38-0.29-0.56
BasicEPS-0.38-0.38-0.29-0.56
DilutedNIAvailtoComStockholders-198.21M-190.18M-182.57M-135.94M
NetIncomeCommonStockholders-198.21M-190.18M-182.57M-135.94M
NetIncome-198.21M-190.18M-182.57M-135.94M
NetIncomeIncludingNoncontrollingInterests-198.21M-190.18M-182.57M-135.94M
NetIncomeContinuousOperations-198.21M-190.18M-182.57M-135.94M
TaxProvision-27.69M764.00K3.65M3.00M
PretaxIncome-225.90M-189.41M-178.92M-132.95M
OtherIncomeExpense3.92M4.34M3.25M10.06M
OtherNonOperatingIncomeExpenses4.38M4.43M3.71M1.01M
GainOnSaleOfSecurity-463.00K-87.00K-470.00K9.05M
NetNonOperatingInterestIncomeExpense-977.00K-3.95M-4.25M-7.80M
TotalOtherFinanceCost4.25M7.80M6.13M
InterestExpenseNonOperating26.49M26.18M17.52M7.80M
InterestIncomeNonOperating25.51M22.23M13.28M
OperatingIncome-228.84M-189.80M-177.92M-135.20M
OperatingExpense436.02M305.95M229.33M154.19M
ResearchAndDevelopment270.72M174.39M119.05M65.17M
SellingGeneralAndAdministration165.30M131.56M110.27M89.03M
GrossProfit207.18M116.15M51.41M18.99M
CostOfRevenue394.62M320.06M193.18M192.01M
TotalRevenue601.80M436.21M244.59M211.00M
OperatingRevenue601.80M436.21M244.59M211.00M
Line Item2025-12-312023-12-31
TreasurySharesNumber45.95M0.00
OrdinarySharesNumber543.57M504.45M488.92M475.36M
ShareIssued589.53M504.45M488.92M475.36M
NetDebt130.44M
TotalDebt253.96M468.42M176.69M152.78M
TangibleBookValue1.29B252.80M415.43M522.49M
InvestedCapital1.88B783.94M659.89M776.15M
WorkingCapital1.03B353.10M253.35M499.35M
NetTangibleAssets1.29B252.80M415.43M522.49M
CapitalLeaseObligations99.84M66.94M71.34M49.83M
CommonStockEquity1.72B382.45M554.54M673.21M
PreferredStockEquity5.00K
TotalCapitalization1.88B771.89M642.13M773.25M
TotalEquityGrossMinorityInterest1.72B382.45M554.54M673.21M
StockholdersEquity1.72B382.45M554.54M673.21M
GainsLossesNotAffectingRetainedEarnings-1.96M-2.81M1.54M1.14M
OtherEquityAdjustments-1.96M-2.81M1.54M1.14M
TreasuryStock0.000.00
RetainedEarnings-1.01B-813.70M-623.53M-440.95M
AdditionalPaidInCapital2.74B1.20B1.18B1.11B
CapitalStock59.00K50.00K49.00K48.00K
CommonStock54.00K50.00K49.00K48.00K
PreferredStock5.00K0.000.00
TotalLiabilitiesNetMinorityInterest602.62M801.89M386.67M315.92M
TotalNonCurrentLiabilitiesNetMinorityInterest268.15M462.36M163.29M152.98M
OtherNonCurrentLiabilities12.95M5.10M3.94M3.00M
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities0.0058.23M
NonCurrentDeferredLiabilities1.24M891.00K426.00K95.00K
NonCurrentDeferredTaxesLiabilities1.24M891.00K426.00K95.00K
LongTermDebtAndCapitalLeaseObligation253.96M456.38M158.92M149.88M
LongTermCapitalLeaseObligation99.84M66.94M71.34M49.83M
LongTermDebt154.11M389.44M87.59M100.04M
CurrentLiabilities334.48M339.52M223.37M162.94M
OtherCurrentLiabilities21.24M17.95M15.04M22.25M
CurrentDeferredLiabilities195.44M216.16M139.34M108.34M
CurrentDeferredRevenue195.44M216.16M139.34M108.34M
CurrentDebtAndCapitalLeaseObligation12.04M17.76M2.91M2.83M
CurrentDebt12.04M17.76M2.91M2.83M
OtherCurrentBorrowings12.04M17.76M2.91M2.83M
PensionandOtherPostRetirementBenefitPlansCurrent8.27M
PayablesAndAccruedExpenses117.80M93.37M51.23M29.44M
CurrentAccruedExpenses19.30M19.46M5.59M8.72M
Payables98.50M73.91M45.65M20.72M
OtherPayable25.80M20.85M16.34M8.63M
AccountsPayable72.70M53.06M29.30M12.08M
TotalAssets2.32B1.18B941.21M989.12M
TotalNonCurrentAssets958.93M491.72M464.49M326.83M
OtherNonCurrentAssets20.56M35.47M22.83M10.66M
NonCurrentDeferredAssets1.90M3.01M3.50M3.90M
NonCurrentDeferredTaxesAssets1.90M3.01M3.50M3.90M
InvestmentsAndAdvances82.25M60.69M79.25M9.19M
InvestmentinFinancialAssets82.25M60.69M79.25M9.19M
AvailableForSaleSecurities82.25M60.69M79.25M9.19M
GoodwillAndOtherIntangibleAssets430.50M129.66M139.11M150.71M
OtherIntangibleAssets224.75M58.64M68.09M79.69M
Goodwill205.75M71.02M71.02M71.02M
NetPPE423.74M262.90M219.80M152.37M
AccumulatedDepreciation-90.86M-65.58M-49.11M-36.39M
GrossPPE514.60M328.48M268.91M188.76M
ConstructionInProgress111.17M27.29M26.00M26.77M
OtherProperties129.60M88.79M88.58M63.67M
MachineryFurnitureEquipment195.28M143.78M94.60M61.82M
BuildingsAndImprovements78.56M68.63M59.73M36.49M
Properties0.000.000.000.00
CurrentAssets1.37B692.62M476.72M662.29M
OtherCurrentAssets9.84M4.99M5.25M7.63M
AssetsHeldForSaleCurrent0.009.02M0.00
CurrentDeferredAssets2.49M
PrepaidAssets57.74M38.04M48.03M43.13M
Inventory158.41M119.07M107.86M92.28M
FinishedGoods12.96M7.96M9.17M8.24M
WorkInProcess68.71M60.46M53.63M50.66M
RawMaterials76.74M50.65M45.06M33.38M
Receivables122.99M111.53M61.80M47.47M
OtherReceivables83.98M75.09M26.62M10.89M
AccountsReceivable39.00M36.44M35.18M36.57M
CashCashEquivalentsAndShortTermInvestments1.02B418.99M244.77M471.79M
OtherShortTermInvestments187.92M147.95M82.25M229.28M
CashAndCashEquivalents828.66M271.04M162.52M242.51M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-321.81M-115.98M-153.57M-148.95M
RepurchaseOfCapitalStock0.000.00-30.36M
RepaymentOfDebt-88.19M-52.05M-107.91M-271.00K
IssuanceOfDebt26.72M355.00M110.00M0.00
IssuanceOfCapitalStock1.15B0.000.000.00
CapitalExpenditure-156.28M-67.09M-54.71M-42.41M
InterestPaidSupplementalData24.55M16.29M15.55M10.75M
IncomeTaxPaidSupplementalData854.00K269.00K769.00K2.67M
EndCashPosition833.54M275.30M166.43M245.87M
BeginningCashPosition275.30M166.43M245.87M692.08M
EffectOfExchangeRateChanges-110.00K-597.00K43.00K4.37M
ChangesInCash558.35M109.47M-79.48M-450.58M
FinancingCashFlow1.07B256.68M7.37M2.04M
CashFlowFromContinuingFinancingActivities1.07B256.68M7.37M2.04M
NetOtherFinancingCharges-140.28M-90.71M-18.15M-37.11M
ProceedsFromStockOptionExercised126.97M44.44M23.43M39.42M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance1.15B0.000.000.00
CommonStockPayments0.000.00-30.36M
CommonStockIssuance1.15B0.000.00
NetIssuancePaymentsOfDebt-61.47M302.95M2.09M-271.00K
NetShortTermDebtIssuance0.00
ShortTermDebtPayments-15.00M
ShortTermDebtIssuance15.00M
NetLongTermDebtIssuance-61.47M302.95M2.09M-271.00K
LongTermDebtPayments-88.19M-52.05M-107.91M-271.00K
LongTermDebtIssuance26.72M355.00M110.00M0.00
InvestingCashFlow-347.40M-98.33M12.02M-346.08M
CashFlowFromContinuingInvestingActivities-347.40M-98.33M12.02M-346.08M
NetOtherInvestingChanges397.00K12.54M3.66M
NetInvestmentPurchaseAndSale-59.07M-43.78M82.03M-237.84M
SaleOfInvestment216.25M118.39M289.30M21.72M
PurchaseOfInvestment-275.32M-162.16M-207.27M-259.57M
NetBusinessPurchaseAndSale-132.44M0.00-18.97M-65.82M
PurchaseOfBusiness-132.44M0.00-18.97M-65.82M
NetPPEPurchaseAndSale-156.28M-67.09M-54.71M-42.41M
PurchaseOfPPE-156.28M-67.09M-54.71M-42.41M
OperatingCashFlow-165.52M-48.89M-98.87M-106.54M
CashFlowFromContinuingOperatingActivities-165.52M-48.89M-98.87M-106.54M
ChangeInWorkingCapital-58.78M45.79M-7.29M-47.69M
ChangeInOtherWorkingCapital-20.08M82.17M36.48M24.77M
ChangeInOtherCurrentLiabilities-10.44M-947.00K-12.41M-1.74M
ChangeInOtherCurrentAssets15.83M-12.92M-11.47M-7.07M
ChangeInPayablesAndAccruedExpense8.29M33.89M12.31M-5.65M
ChangeInAccruedExpense-1.93M9.09M-3.27M-3.52M
ChangeInPayable10.22M24.80M15.59M-2.13M
ChangeInAccountPayable10.22M24.80M15.59M-2.13M
ChangeInPrepaidAssets-15.46M7.59M-14.59M-15.06M
ChangeInInventory-39.88M-12.40M-15.56M-25.96M
ChangeInReceivables2.96M-51.59M-2.05M-16.98M
ChangesInAccountReceivables667.00K-1.43M1.45M-9.43M
OtherNonCashItems804.00K8.82M10.03M6.03M
StockBasedCompensation71.10M56.82M53.46M55.65M
AmortizationOfSecurities-2.25M-2.90M-4.57M-1.40M
DeferredTax-30.67M599.00K708.00K-576.00K
DeferredIncomeTax-30.67M599.00K708.00K-576.00K
DepreciationAmortizationDepletion43.94M33.66M29.74M29.95M
DepreciationAndAmortization43.94M33.66M29.74M29.95M
OperatingGainsLosses8.54M-1.50M1.62M-12.56M
GainLossOnInvestmentSecurities-13.48M15.29M
NetIncomeFromContinuingOperations-198.21M-190.18M-182.57M-135.94M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RKLB
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status