Rocket Lab USA, Inc. (RKLB) AI Stock Analysis

Rocket Lab USA, Inc., headquartered in Long Beach, California, provides comprehensive launch services and space systems solutions tailored for the space and defense sectors. The company offers spacecraft engineering, design, manufacturing, and on-orbit management solutions. Its launch capabilities include small and medium-class rockets, led by its flagship Electron small orbital launch vehicle for deploying satellites into orbit. In addition, Rocket Lab designs and manufactures Photon satellite platforms, components, and subsystems for merchant spacecraft. It is also developing the Neutron launch vehicle targeting the 8-ton payload class, serving commercial entities, aerospace prime contractors, and government agencies.

Revenue increased from $62.2M in FY2021 to $601.8M in FY2025, driven by a 5-year revenue CAGR of 76.5%. Annual revenue grew 38.0% in FY2025 following 78.3% growth in FY2024. Gross margin improved from -3.0% in FY2021 to 34.4% in FY2025, while operating margin improved from -164.0% to -38.0%. Net income was -$198.2M in FY2025 compared to -$117.3M in FY2021, resulting in an EPS of -$0.37. Free cash flow was -$321.8M in FY2025 alongside R&D expense of $270.7M. For the trailing twelve months, revenue reached $769.1M with an operating margin of -24.6% and an EPS of -$0.27. In the latest quarter ended June 30, 2026, quarterly revenue grew 62.0% year-over-year.

As of June 30, 2026, Rocket Lab held cash and short-term investments of $2.30B against total debt of $133.7M, providing a net cash position of $2.17B. Shareholders' equity stood at $3.49B, supporting a current ratio of 5.48 and a debt-to-equity ratio of 0.04. In FY2025, operating cash flow was -$165.5M, while capital expenditures totaled $156.3M. The company's share count expanded 39.2% over 5 years.

At a last close of $50.84 on October 16, 2026, Rocket Lab trades at a price-to-sales ratio of 42.3x and an EV-to-revenue multiple of 55.6x, compared to a price-to-sales ratio of 6.1x for the median of its Nasdaq-100 Industrials peers. Its market cap is $32.51B and enterprise value is $42.79B. Over the past year, the stock returned -24.1%, trailing the S&P 500 (SPY) return of 16.8%. Over 5 years, its 297.2% return outperformed the S&P 500 return of 83.0%. The stock trades 37.4% below its 200-day average with a beta of 2.94.

Analyst consensus includes 12 Strong Buy, 5 Buy, and 4 Hold ratings, with 0 Sell and 0 Strong Sell ratings. The mean price target of $102.15 represents a 100.9% premium over the last close of $50.84. For the fiscal year ending December 31, 2026, consensus estimates model revenue of $958.6M and an EPS of -$0.27. For the next fiscal year, 14 analysts project revenue of $1.33B. Rocket Lab beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 9, 2026.

This page is an AI-written research summary of Rocket Lab USA, Inc. (RKLB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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