Earnings summaries and quarterly performance for Rocket Lab.
Executive leadership at Rocket Lab.
Board of directors at Rocket Lab.
Research analysts who have asked questions during Rocket Lab earnings calls.
Erik Rasmussen
Stifel
5 questions for RKLB
Michael Leshock
KeyBanc Capital Markets
5 questions for RKLB
Andre Madrid
BTIG
4 questions for RKLB
Andres Sheppard-Slinger
Cantor Fitzgerald
4 questions for RKLB
Anthony Valentini
Goldman Sachs
3 questions for RKLB
Jason Gursky
Citigroup Inc.
3 questions for RKLB
Ryan Koontz
Needham & Company, LLC
3 questions for RKLB
Suji Desilva
ROTH MKM
3 questions for RKLB
Xin Yu
Deutsche Bank
3 questions for RKLB
Edison Yu
Deutsche Bank
2 questions for RKLB
Gautam Khanna
TD Cowen
2 questions for RKLB
Kristine Liwag
Morgan Stanley
2 questions for RKLB
Matthew Akers
Wells Fargo & Company
2 questions for RKLB
Sujeeva De Silva
Roth MKM
2 questions for RKLB
Alex Preston
Bank of America
1 question for RKLB
Andre Shepherd
Cantor Fitzgerald
1 question for RKLB
Cai von Rumohr
TD Cowen
1 question for RKLB
Jeff Van Reed
Craig-Hallum
1 question for RKLB
Jeff Van Rhee
Craig-Hallum Capital Group LLC
1 question for RKLB
Ned Morgan
BTIG
1 question for RKLB
Peter Arment
Robert W. Baird & Co.
1 question for RKLB
Ronald Epstein
Bank of America
1 question for RKLB
Trevor Walsh
Citizens JMP
1 question for RKLB
Recent press releases and 8-K filings for RKLB.
- Rocket Lab secured an $816 million prime contract from the Space Development Agency (SDA) to build 18 missile-tracking satellites.
- This $816 million award is the company's largest single contract to date, comprising an $806 million base and up to $10.45 million in options.
- The contract is part of a broader SDA Tranche 3 order valued at approximately $3.5 billion, which is split among four contractors.
- This significant contract, along with a record launch cadence and the upcoming medium-lift Neutron rocket, is leading analysts to reframe Rocket Lab as more than just a 'small-rocket' company.
- Rocket Lab successfully launched its 21st Electron rocket of the year on December 21, 2025, deploying the QPS-SAR-15 satellite for customer iQPS.
- This mission, 'The Wisdom God Guides', established a new annual launch record for Electron with 100% mission success.
- The company's Electron rocket is now cemented as America's preeminent small launch provider and the world's most frequently-launched small-lift orbital rocket.
- Rocket Lab plans five further launches for iQPS from 2026 and intends to expand Electron's global reach with additional multi-launch constellation deployments, dedicated missions for civil space and international agencies, and defense applications. The next Electron launch is slated for early Q1 2026.
- Rocket Lab USA, Inc. has been awarded its largest single contract to date, an $816 million prime contract from the U.S. Space Development Agency (SDA).
- The contract, entered into on December 17, 2025, involves designing and manufacturing 18 satellites for the Tracking Layer Tranche 3 (TRKT3) program, with a base value of $806 million and up to $10.45 million in options.
- These satellites will be equipped with advanced missile warning, tracking, and defense sensors, including Rocket Lab's Phoenix infrared sensor payload and StarLite space protection sensors.
- The company anticipates additional subsystem opportunities that could increase the total capture value for the TRKT3 program to approximately $1 billion.
- This award brings Rocket Lab's total contract value from the SDA to over $1.3 billion, building on a prior $515 million award for the Transport Layer-Beta Tranche 2 program.
- On December 19, 2025, Rocket Lab USA, Inc. was awarded its largest single contract to date, a $816 million prime contract from the U.S. Space Development Agency (SDA) to design and manufacture 18 satellites for the Tracking Layer Tranche 3 (TRKT3) program.
- This contract, comprising an $806 million base and up to $10.45 million in options, involves delivering satellites equipped with advanced missile warning, tracking, and defense sensors, including Rocket Lab's Phoenix infrared sensor payload and StarLite space protection sensors, to detect and track emerging missile threats.
- The total capture value for Rocket Lab related to the TRKT3 program could reach approximately $1 billion, including additional subsystem opportunities for other prime contractors.
- This new award increases Rocket Lab's total contract value from the SDA to more than $1.3 billion, building on an existing $515 million award for the Transport Layer-Beta Tranche 2 program.
- Rocket Lab successfully launched the STP-S30 mission for the U.S. Space Force on December 18, 2025, deploying four DiskSat spacecraft.
- The mission, named 'Don't Be Such A Square', was completed five months ahead of schedule.
- This launch marks Electron's 20th launch of the year and its 78th mission overall, extending Rocket Lab's new annual launch record.
- It also completes a series of four launches in the past three months from Rocket Lab's LC-2 in Virginia, supporting national security objectives.
- Rocket Lab (RKLB) has scheduled its next Electron launch, named ‘Don’t Be Such A Square’, for December 18 at 05:00 UTC/12:00 a.m. Eastern from Launch Complex 2 in Virginia.
- This mission, STP-S30, is for the U.S. Space Force’s (USSF) Space Systems Command (SSC) and will deploy the first four DiskSats to a 550km low Earth orbit.
- Rocket Lab accelerated the launch of the STP-S30 mission from an initial target of April 2026 to December 2025, demonstrating its responsive launch service capabilities.
- The ‘Don’t Be Such A Square’ mission will be Electron’s 20th launch of the year and its 78th mission overall.
- Rocket Lab successfully launched its first dedicated mission for the Japan Aerospace Exploration Agency (JAXA), named "RAISE And Shine," on December 14, 2025, from Launch Complex 1 in New Zealand.
- The mission deployed JAXA's RApid Innovative payload demonstration SatellitE-4 (RAISE-4) spacecraft, which demonstrates eight technologies developed by private companies, universities, and research institutions in Japan.
- This launch marks Rocket Lab's 19th launch of the year, extending its new Electron annual launch record.
- A second dedicated mission for JAXA is scheduled for launch in Q1 2026, and a dedicated Electron launch for the European Space Agency (ESA) is also planned for the new year.
- Rocket Lab successfully launched a suborbital mission with its HASTE launch vehicle for the Defense Innovation Unit (DIU) and Missile Defense Agency (MDA) on November 18, 2025, from Wallops Island, Virginia.
- This mission marks the sixth launch of the HASTE rocket since its debut in 2023, demonstrating Rocket Lab's commercial speed by launching within 14 months of contract signing.
- The HASTE vehicle is designed for regular and reliable hypersonic test flights, capable of deploying technologies at speeds exceeding 7.5km per second.
- Rocket Lab has postponed the inaugural flight of its reusable, medium-lift Neutron rocket from 2025 to 2026, with the rocket expected at Launch Complex 3 in Virginia in Q1 2026 and launch to follow thereafter.
- The delay is a strategic decision by CEO Sir Peter Beck, emphasizing a commitment to thorough testing and qualification to ensure a fully successful first flight and avoid premature launches.
- Financially, Rocket Lab is experiencing strong revenue growth but remains unprofitable, operating with negative net and operating margins of approximately -45% due to high development costs. Despite this, the company maintains a solid liquidity position with a current ratio of 2.67 and a debt-to-equity ratio of 0.72.
- Rocket Lab reported record Q3 2025 revenue of $155 million, a 48% year-over-year increase, with a GAAP gross margin of 37%.
- The company provided Q4 2025 revenue guidance of $170-$180 million and anticipates GAAP gross margins to range between 37-39%.
- The first launch of the Neutron rocket is now targeted for Q1 2026, with the aim to get to the pad in Q1 and the first launch thereafter, provided qualification and acceptance testing are completed to Rocket Lab's standards.
- Rocket Lab closed the GEOS acquisition and is closer to acquiring Mynaric, strengthening its national security offerings and expanding into the European space sector.
- The company's liquidity increased to just over $1 billion by the end of Q3 2025, driven by $468.8 million from an at-the-market equity offering program.
Quarterly earnings call transcripts for Rocket Lab.
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