How Rocket Lab USA (RKLB) Makes Money: A Visual Guide
Rocket Lab USA (RKLB) generated $679.58M in revenue but reported a net loss of $182.62M. Its largest revenue source is Product (63.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, Rocket Lab USA (RKLB) generated revenue across 2 reportable product segments; the largest contributor was Product at 63.9%, followed by Service (36.1%). Geographically, UNITED STATES accounted for 61.5% of revenue, followed by CANADA (23.9%) and Rest Of World (7.5%).
Rocket Lab USA (RKLB) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
Rocket Lab USA (RKLB) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Rocket Lab USA (RKLB) in TTM through Q1 2026.
Product
- Revenue
- $433.97M
- % of total
- 63.9%
Service
- Revenue
- $245.61M
- % of total
- 36.1%
Total
- Revenue
- $679.58M
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Product | $433.97M | 63.9% |
| Service | $245.61M | 36.1% |
| Total | $679.58M | 100% |
Rocket Lab USA (RKLB) Revenue by Geography — FY 2024 (period end December 31, 2024)
Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2024 (period end December 31, 2024)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.
Revenue contribution by geographic region for Rocket Lab USA (RKLB), FY 2024 (period end December 31, 2024).
UNITED STATES
- Revenue
- $268.33M
- % of total
- 61.5%
CANADA
- Revenue
- $104.39M
- % of total
- 23.9%
Rest Of World
- Revenue
- $32.82M
- % of total
- 7.5%
JAPAN
- Revenue
- $30.68M
- % of total
- 7%
Total
- Revenue
- $436.21M
- % of total
- 100%
| Region | Revenue | % of total |
|---|---|---|
| UNITED STATES | $268.33M | 61.5% |
| CANADA | $104.39M | 23.9% |
| Rest Of World | $32.82M | 7.5% |
| JAPAN | $30.68M | 7% |
| Total | $436.21M | 100% |
Frequently asked questions
How does Rocket Lab USA (RKLB) make money?
Rocket Lab USA (RKLB) primarily makes money through Product, which accounts for 63.9% of total revenue. For TTM through Q1 2026, Rocket Lab USA generated $679.58M in total revenue with a net profit margin of -26.9%.
What is Rocket Lab USA (RKLB) gross profit margin?
Rocket Lab USA (RKLB) reported a gross profit margin of 36.6% for TTM through Q1 2026, equivalent to $248.43M in gross profit. This means Rocket Lab USA retains 36.6% of each revenue unit after direct costs of production.
What is Rocket Lab USA (RKLB) operating profit margin?
Rocket Lab USA (RKLB) reported an operating profit margin of -33.2% for TTM through Q1 2026, equivalent to −$225.62M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Rocket Lab USA (RKLB) net profit margin?
Rocket Lab USA (RKLB) reported a net profit margin of -26.9% for TTM through Q1 2026, equivalent to −$182.62M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Rocket Lab USA (RKLB) invest in R&D?
Rocket Lab USA (RKLB) invested $296.12M in research and development in TTM through Q1 2026 (43.6% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Rocket Lab USA (RKLB) spend on capital expenditures?
Rocket Lab USA (RKLB) spent $154.67M on capital expenditures in TTM through Q1 2026 (22.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Rocket Lab USA (RKLB) free cash flow?
Rocket Lab USA (RKLB) generated −$316.30M in free cash flow for TTM through Q1 2026 (-46.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What are Rocket Lab USA (RKLB) main revenue segments?
Rocket Lab USA (RKLB) reports revenue across 2 reportable product segments, led by Product at 63.9% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Where does Rocket Lab USA (RKLB) generate most of its revenue?
Geographically, 61.5% of Rocket Lab USA (RKLB) revenue came from UNITED STATES in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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