NASDAQ$RKLB

Rocket Lab Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Rocket Lab reported Q3 2025 revenue of $155.1M with a net loss of $18.3M.

Third-quarter total revenue grew to $155.1 million on launch and space systems demand. Net loss was $18.3 million ($0.03 diluted EPS) as the company invested in Neutron development and production scale-up.

  • Q3 revenue $155.1M.
  • Launch and space systems mix improving.
  • Net loss $18.3M; EPS $(0.03).
  • Neutron and constellation wins drive backlog.

Headline financials

Total Revenue

$155M

Previous: $105M+48.0%
EPS (adj)

-$0.03

Previous: -$0.10+70.0%
Revenue YoY Growth

48.0%

Previous: 104808000.0%-100.0%
Non-GAAP Gross Margin

41.9%

No prior period
Adjusted EBITDA

-$26.3M

No prior period
Electron Launches in Q4

17

No prior period
Capital Expenditures

-$107M

Previous: -$45.5M-134.2%
Free Cash Flow

-$125M

Previous: -$97.5M-28.1%
Net Income

-$18.3M

Previous: -$51.9M+64.8%
Operating Income

-$59M

Previous: -$51.9M-13.6%
Gross Profit

$57.3M

Previous: $28M+104.7%
Cash & Equivalents

$808M

Previous: $292M+176.2%
Total Assets

$2.22B

Previous: $1.15B+92.7%

Revenue & EPS history

Rocket Lab · Revenue · Quarterly

$155M

Q3 2025+48%vs Q3 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

The filing outlines Rocket Lab's outlook, including capital allocation, operating priorities, and sector risks relevant to upcoming periods.

Tailwinds

  • Rocket Lab discusses operational execution and demand trends in the filing.
  • Balance sheet and liquidity actions support the business plan.

Headwinds

  • Macro, pricing, and cost inflation may pressure margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 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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