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Rocket Lab Corporation

RKLBIndustrialsNASDAQ

Aerospace & Defense · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$601.8M
+38.0% YoY
Net Income
-$198.2M
-4.2% YoY
EBITDA
-$155.5M
-20.0% YoY
Free Cash Flow
-$215.0M

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About Rocket Lab Corporation

Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company carries a $71.39B market cap, placing it firmly in the large-cap category. The company operates through launch services and space systems segments.

Key stats
Market Cap$71.39B
Fwd P/E-11190.56
EPS$-0.32
Beta2.31
52W Change+358.3%
ROE-13.6%
Analysis

The balance sheet looks solid with $1.38B in cash comfortably exceeding the $138.7M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$215.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -13.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $211.0M (2022) to $601.8M (2025), reflecting a 185% increase over the period.

With a beta above 1.5, RKLB tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Rocket Lab Corporation and its sector.

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