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Earnings transcript
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RKLB
Rocket Lab USA, Inc.
$67.73
2.21
(3.37%)
[ms_data_label text=’Delayed data’]
| Exchange: | NASDAQ |
| Market Cap: | 38.566B |
| Shares Outstanding: | 8.017M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Aerospace & Defense | |||||
| CEO: | Sir Peter Beck | |||||
| Full Time Employees: | 2100 | |||||
| Address: |
| |||||
| Website: | https://www.rocketlabusa.com |
Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. The company was founded in 2006 and is headquartered in Long Beach, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 244,592 | 436,214 | 601,799 |
| Gross Profit | 51,409 | 116,149 | 207,181 |
| EBITDA | -144,929 | -151,802 | -155,473 |
| Operating Income | -177,918 | -189,801 | -228,838 |
| Net Income | -182,571 | -190,175 | -198,209 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 941,211 | 1,184,342 | 2,324,478 |
| Total Liabilities | 386,667 | 801,889 | 602,624 |
| Total Stockholders Equity | 554,544 | 382,453 | 1,721,854 |
| Total Debt | 176,688 | 468,421 | 252,239 |
| Cash and Cash Equivalents | 162,518 | 271,042 | 828,660 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -98,867 | -48,890 | -165,521 |
| Capital Expenditure | -54,707 | -67,093 | -156,285 |
| Free Cash Flow | -153,574 | -115,983 | -321,806 |
| Net Income | -182,571 | -190,175 | -198,209 |
| Net Change in Cash | -79,437 | 108,868 | 558,243 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,127,476.289 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,964,460.747 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,485,175 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -1,571,207.506 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -1,127,593.515 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -1,317,179.058 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 364,508.332 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 560,833.074 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 448,411.740 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,015,790.107 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,415,418.783 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,186,577.821 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.850 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.060 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.690 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Revenue Growth: Rocket Lab reported a record revenue of $106 million in Q2 2024, as highlighted in the earnings call transcript, reflecting strong top-line growth and operational execution in the space launch and satellite services market.
- Innovative Portfolio Expansion: The company's focus on scaling Electron launches and developing the reusable Neutron rocket demonstrates a commitment to innovation, positioning RKLB as a competitive player in the aerospace industry.
- Solid Contract Pipeline: The earnings call emphasized a robust backlog and anticipated scaling of new and existing contracts, indicating sustained demand for Rocket Lab’s services and potential for future revenue stability.
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Intrinsic Value Calculator
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Common questions about RKLB valuation
Is Rocket Lab USA, Inc. (RKLB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Rocket Lab USA, Inc. (RKLB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RKLB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RKLB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RKLB’s P/E ratio?
You can see RKLB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RKLB?
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Is RKLB a good long-term investment?
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RKLB
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
[ms_data_label text="Daily snapshot"]
3.37
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 14.71 | Year High: | 99.58 | |
| Price Avg 50: | 72.2 | Price Avg 200: | 57.97 | |
| Volume: | 32.052M | Average Volume: | 21.366M |
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Login — it's freeRKLB full analysis
Welcome to MARKETSNAP’s SWOT analysis for Rocket Lab USA, or RKLB as you might know it on the ticker. If you’re not familiar with Rocket Lab, let me give you the quick rundown. This is a cutting-edge aerospace company focused on small satellite launches and space systems, operating in the rapidly evolving space industry within the broader industrials sector. They’ve carved out a niche as a leader in providing cost-effective access to space, and they’re based in the U.S. with…
