Rocket Lab USA Inc

Rocket Lab USA Inc

RKLB

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Market Cap$62.08B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Rocket Lab USA IncRocket Lab USA Inc-355.5--20%-0.2

Earnings Call Q1 2026

May 8, 2026 - AI Summary

Q1 performance: strong beat + record momentum - Revenue $200.3M, +63.5% YoY and ~+12% sequential, slightly above the top end of prior guidance. - GAAP gross margin 38.2% (better than guided 34–36%); Non-GAAP gross margin 43% (above guide 39–41%). - Record backlog and cash: backlog ~$2.2B total (launch 41.5% / space systems 58.5%) and Q1 exit liquidity ~$1.48B cash & equivalents, with > $2B total liquidity after financing.
Backlog & bookings: unusually fast growth and “manifest filling” - Backlog increased to >$2B contracted, up 20% QoQ and 108% YoY (highest ever). - Rocket Lab booked record launch volume: Electron + HASTE: 31 missions in Q1; plus Neutron: 5 contracts. - In total, they state they booked more launches in first 3 months of 2026 than all of 2025. - Management expects ~36% of current backlog converts to revenue within 12 months, plus additional near-term “quick turn” revenue from components/subsystems.
Launch (Electron/HASTE): demand inflection + very strong defense momentum - Electron/HASTE: >70 launches in backlog (new record); 8 launches already off the pad in 2026 and aiming to beat last year’s launch record. - 100th Electron launch expected later in 2026; management claims it will be the fastest in industry to reach 100. - HASTE: highlighted $190M / 20-launch order tied to DoW programs (MACH-TB) (largest single order cited); HASTE now ~1/3 of launch backlog. - Anduril teaming: confirmed 3 dedicated HASTE launches (no earlier than Nov 2026) to accelerate DoD prototyping “within months, not years.”

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Target Price by Analysts

9.7% upsideRocket Lab USA Target Price DetailsTarget Price
$-37.63

Current Fair Value

137.5% downside

Overvalued by 137.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$62.08 Billion
Enterprise Value$61.76 Billion
Dividend Yield$- (-)
Earnings per Share$-0.37
Beta2.5
Outstanding Shares605,434,642

Return

Return on Equity-20.19%ROE
Return on Assets-13.74%
Return on Invested Capital-16.36%

Valuation & Multiples

P/E Ratio-355.54P/E Ratio
PEG-PEG
Price to Sales-Price to Sales
Price to Book Ratio100.29Price to Book Ratio
Enterprise Value to Revenue292.7
Enterprise Value to EBIT-456.78
Enterprise Value to Net Income-455
Total Debt to Enterprise0
Debt to Equity0.23Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$-0.04
Average shareholder expectation
Revenue Estimate
$190.99 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$-0.05
Average shareholder expectation
Revenue Estimate
$231.62 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5566▼ 6.45%
Total Calls41,582,096▼ 2.55%
Total Puts23,145,000▼ 12.67%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %50.75%▼ 1.40%
Total Invested$18.60B▼ 5.35%
Investors Holding935▲ 38.00%

ESG Score

No data

About Rocket Lab USA Inc

2,021 employees

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft components, satellites and other spacecraft and on-orbit management solutions...

Relevant Senate Committees

Appropriations

The Defense and CJS subcommittees determine the actual cash flow for NASA and Space Force programs, directly filling Rocket Lab's order book.

Armed Services

Authorizes the NDAA, which funds the U.S. Space Force and national security space programs, directly impacting Rocket Lab's contract revenue.

Select Committee on Intelligence

Oversees classified missions and the NRO; Rocket Lab launches sensitive national security payloads, and members possess non-public information on space-based intel needs.

Commerce, Science, and Transportation

Directly oversees NASA and the FAA's Office of Commercial Space Transportation, which issues the launch licenses vital for Rocket Lab's flight operations.