NASDAQ$RKLB

Rocket Lab Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Rocket Lab reported Q2 2025 revenue of $144M with a net loss of $66M and diluted EPS of $(0.13).

Total revenue grew to $144.5 million on launch and space systems momentum. The company posted a net loss of $66.4 million, or $0.13 per share, as it invested in Neutron development and scale. Backlog and launch cadence remain central to the growth narrative.

  • Q2 revenue $144M.
  • Net loss $66M; diluted EPS $(0.13).
  • Launch and space systems revenue grew YoY.
  • Neutron investment and launch rate are key catalysts.

Headline financials

Total Revenue

$144M

Previous: $106M+36.0%
EPS (adj)

-$0.13

Previous: -$0.08-62.5%
Capital Expenditures

-$60.7M

Previous: -$34.5M-75.9%
Free Cash Flow

-$127M

Previous: -$76.2M-66.9%
Net Income

-$66.4M

Previous: -$41.6M-59.5%
Operating Income

-$59.6M

Previous: -$43.3M-37.8%
Gross Profit

$46.4M

Previous: $27.2M+70.8%
Cash & Equivalents

$564M

Previous: $341M+65.5%
Total Assets

$1.55B

Previous: $1.19B+30.7%

Revenue & EPS history

Rocket Lab · Revenue · Quarterly

$144M

Q2 2025+36%vs Q2 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

Growth companies cite launch cadence, backlog, and funding needs.

Tailwinds

  • Revenue growth and backlog conversion.
  • Strategic contracts and partnerships.

Headwinds

  • Operating losses and capital intensity.
  • Execution delays on major programs.

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 Q2 2025

Historical avgQ2 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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