NASDAQ$RKLB

Rocket Lab Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Rocket Lab reported Q1 2025 revenue of $122.6M with a net loss and diluted EPS of $(0.12).

Total revenue was $122.6 million as launch and space systems revenue grew. The company remained in a net loss position with diluted EPS of $(0.12) while scaling Electron launches and Neutron development.

  • Q1 revenue $122.6M.
  • Net loss; diluted EPS $(0.12).
  • Launch cadence and space systems backlog expansion.
  • Neutron investment and launch market competition.

Headline financials

Total Revenue

$123M

Previous: $92.8M+32.1%
EPS (adj)

-$0.12

Previous: -$0.09-33.3%
Revenue YoY Growth

32.0%

No prior period
Non-GAAP Gross Margin

33.4%

No prior period
Adjusted EBITDA

-$30M

No prior period
Electron Launches in Q4

5

No prior period
Capital Expenditures

-$28.7M

Previous: -$19.2M-49.5%
Net Income

-$60.6M

Previous: -$44.3M-37.0%
Operating Income

-$59.2M

Previous: -$43.1M-37.4%
Gross Profit

$35.2M

Previous: $24.2M+45.8%

Revenue & EPS history

Rocket Lab · Revenue · Quarterly

$123M

Q1 2025+32.1%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Rocket Lab · $65M total across 2 segments · Q3 2023

  • Space Systems (Product)
    $48.5M+42.6%
  • Launch Services (Service)
    $16.5M-2.9%

Forward guidance

Management emphasizes path to profitability, liquidity, and cost discipline.

Tailwinds

  • Operating initiatives and partnership milestones.
  • Cash runway supports near-term plans.

Headwinds

  • Operating losses and financing needs.
  • Macro and competitive uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.8%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+3.2%

Avg return

30 days after

50%

11 / 22 earnings

Positive

+27.4%

Q3 2024

Best reaction

-11.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.2%+38.6%+30.0%
Q4 2025+1.3%-1.0%-16.1%
Q3 2025-6.8%-12.3%+22.4%
Q2 2025+1.1%-2.7%+3.7%
Q1 2025-11.2%+4.5%+25.2%
Q4 2024+3.3%+2.9%-6.1%
Q3 2024+27.4%+28.6%+52.8%
Q2 2024+17.2%+14.2%+26.9%
Q1 2024-0.7%+2.8%+11.0%
Q4 2023+0.4%-0.7%-10.1%
Q3 2023-4.9%-3.8%+6.7%
Q2 2023-2.1%-4.1%-4.1%
Q1 2023+7.0%+7.0%+37.1%
Q4 2022-4.1%-0.4%-13.9%
Q3 2022+3.9%+1.0%-21.7%
Q2 2022+22.6%+14.2%-3.5%
Q1 2022-3.4%-19.3%-26.1%
Q2 2021-9.1%-5.4%-12.0%
Q4 2021-3.7%-11.1%-14.3%
Q3 2021+7.7%+7.9%-12.1%
Q1 2021-1.0%-0.2%+3.1%
Q4 2020+0.7%-3.2%-8.2%
Q3 2020
Q2 2020
Q1 2020

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