Rocket Lab Corporation (RKLB)

From the record

Rocket Lab Corporation's filings since 2020 show 4 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-03); an auditor change (8-K item 4.01, the latest 2021-08-31); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-03-01) (its current reports).

From the record

Rocket Lab Corporation's 6 filed years say what it did: revenue went from $35 million in fiscal 2020 to $602 million in fiscal 2025, up 76.5% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Rocket Lab Corporation lost about 12 cents for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 26 cents per dollar of assets, and net share issuance: its share count grew 7.0% over the year (the filed statements).

From the record

Rocket Lab Corporation's standing among 7 graded names in its industry family: revenue of $602 million in fiscal 2025 ranks in the top 36% by size; a net margin of -32.9% ranks in the top 36%; revenue growth of 41.8% a year over the last 3 filed years ranks in the top 36% (its annual reports).

From the record

Rocket Lab Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Beck, Peter (CEO, as filed), filing under that title since 2021-09-07, 5.2 years (bottom 10% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (bottom 30%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Rocket Lab Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $834 million against debt of $2 million leaves 35.8% of its assets as net cash, top 36% of its family; cash from operations less capital spending is -53.5% of revenue (top 36%); a gross margin of 34.4% (top 21%); research spending of 45% of revenue (top 36%) (its annual report).

From the record

Rocket Lab Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 41.8% a year over the last three filed years against 76.5% over all 6, slowing (bottom 7% of its family); the newest year grew 38% (top 21%); research spending grew 60.7% a year (top 7%); capital spending grew 54.4% a year (top 36%) (its annual reports). Rocket Lab Corporation reported 2 lines of business in fiscal 2025: Space Systems at $403 million (67%), Launch Services at $199 million (33%); 2 of 2 grew against the year before (its annual report).

From the record

Rocket Lab Corporation's newest year against its own record: revenue of $602 million in fiscal 2025 came in 4% below the $627 million its prior three years' pace pointed to (top 50% of its family); net income of $198 million against a prior three-year average of $170 million (bottom 30%); a net margin of -32.9% against -60.9% before (top 30%) (its annual reports).