Rocket Lab Corp. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Rocket Lab Corp. reported net income of −$198.21M on revenue of $601.80M. Operating cash flow was −$165.52M and capital expenditures were $156.28M, leaving −$321.81M of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | $35.16M | $62.24M | $211.00M | $244.59M | $436.21M | $601.80M |
| Gross profit | −$11.82M | −$1.89M | $18.99M | $51.41M | $116.15M | $207.18M |
| Operating income | −$54.95M | −$102.05M | −$135.20M | −$177.92M | −$189.80M | −$228.84M |
| Net income | −$55.01M | −$117.32M | −$135.94M | −$182.57M | −$190.18M | −$198.21M |
| Diluted EPS | −$0.73 | −$0.56 | −$0.29 | −$0.38 | −$0.38 | −$0.37 |
| Operating cash flow | −$27.76M | −$71.79M | −$106.54M | −$98.87M | −$48.89M | −$165.52M |
| Capital expenditures | $25.12M | $25.70M | $42.41M | $54.71M | $67.09M | $156.28M |
| Reported in | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 34.4% | -38.0% | -32.9% |
| Dec 2024 | 26.6% | -43.5% | -43.6% |
| Dec 2023 | 21.0% | -72.7% | -74.6% |
| Dec 2022 | 9.0% | -64.1% | -64.4% |
| Dec 2021 | -3.0% | -164.0% | -188.5% |
Source: SEC EDGAR XBRL company facts for CIK 1819994 (raw data). Most recent filing in this dataset: 10-Q filed Aug 10, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.