Rocket Lab USA (RKLB) AI Stock Analysis

• Market Cap: $20.82B
• Dividend Yield: N/A
• Average Volume (3M): 20.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.20
• Revenue Growth: 54.36%
• EPS Growth: -26.35%
• Country: US
• Employees: 2,100
• Sector: Industrials
• Sector Strength: 84
• Industry: Aerospace & Defense
• EPS (TTM): -0.13
• Shares Outstanding: 482,413,300
• 10 Day Avg. Volume: 18,356,633
• 30 Day Avg. Volume: 20,543,728
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 36.16
• Enterprise Value/Gross Profit: 124.51
• Enterprise Value/Ebitda: -94.49
• 1Y Price Target: $48.17
• Price Target Upside: 12.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 57 Neutral
• Price Target: $44.00 ▲(2.33% Upside)

Rocket Lab's overall stock score is primarily influenced by its strong revenue growth and strategic acquisitions, which provide a positive outlook. However, significant challenges remain in profitability and cash flow, impacting the financial performance score. Technical indicators suggest potential for upward momentum, but valuation concerns due to ongoing losses weigh on the overall score.

Positive Factors

Financial Performance

Rocket Lab reported a 36% year-over-year revenue growth, beating expectations.

International Expansion

Signs of international market penetration are evident as Rocket Lab was selected to launch a mission for the European Space Agency, indicating potential growth in international markets.

Strategic Acquisitions

The Geost acquisition marks Rocket Lab's entry into payloads, enhancing its chances of winning work on significant projects like Golden Dome and the PWSA Tranche 3 Tracking Layer.

Negative Factors

Project Delays

There are risks associated with the Neutron launch, as another delay into 2026 is not entirely out of the realm of possibility.

Valuation Concerns

The valuation of Rocket Lab is currently high, trading at a near 30x NTM EV/Sales multiple, which warrants caution compared to its peers.

Rocket Lab USA Business Overview & Revenue Model

Company Description

Rocket Lab USA, Inc. is an aerospace company that specializes in providing launch services, spacecraft components, and satellite systems. The company operates in the space industry, focusing on the development and launch of small and medium-sized satellites. Rocket Lab's core products include the Electron rocket, a dedicated small satellite launch vehicle, and Photon, a satellite platform designed for on-orbit operations. Additionally, Rocket Lab offers end-to-end mission services, including satellite design, build, and operation.

How the Company Makes Money

Rocket Lab USA generates revenue primarily through its space launch services, which involve launching satellites into orbit using its Electron rocket. The company charges clients, including commercial enterprises, government agencies, and research organizations, for delivering their payloads to specific orbits. Rocket Lab's Photon satellite platform also contributes to its revenue by providing satellite design, manufacturing, and operational services. Furthermore, Rocket Lab earns income from providing spacecraft components, such as reaction wheels and star trackers, which are essential for satellite functionality, to various satellite manufacturers. Strategic partnerships and contracts with government entities, including NASA and the U.S. Department of Defense, play a significant role in the company's earnings, securing a steady stream of revenue through long-term agreements.

Rocket Lab USA Financial Statement Overview

Summary

Rocket Lab USA shows strong revenue growth but struggles with profitability and cash flow. The balance sheet indicates moderate debt levels, but ongoing losses highlight the need for improved operational efficiency and cash management.

Income Statement

Rocket Lab USA has shown consistent revenue growth, with a TTM revenue increase of 6.84% over the previous year. However, the company struggles with profitability, reflected in negative EBIT and Net Profit Margins, indicating significant operating and net losses. The gross profit margin is positive at 26.66%, but overall, profitability remains a challenge.

Balance Sheet

The company's balance sheet shows moderate financial leverage with a Debt-to-Equity ratio of 1.13, suggesting manageable debt levels relative to equity. However, the equity ratio is 34.36%, indicating a lower proportion of financing through equity. The return on equity is negative due to net losses, highlighting a need for improvement in profitability.

Cash Flow

Rocket Lab USA's cash flow analysis reflects negative free cash flow, which has worsened over the periods, highlighting ongoing cash burn. The operating cash flow to net income ratio is negative, indicating challenges in converting income into cash. The company may need to improve cash management to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	504.26M	436.21M	244.59M	211.00M	62.24M	35.16M
Gross Profit	146.45M	116.15M	51.41M	18.99M	-1.89M	-11.82M
EBITDA	-192.97M	-153.02M	-148.78M	-104.83M	-91.20M	-44.59M
Net Income	-231.31M	-190.18M	-182.57M	-135.94M	-117.32M	-55.01M
Balance Sheet
Total Assets	1.55B	1.18B	941.21M	989.12M	980.85M	187.87M
Cash, Cash Equivalents and Short-Term Investments	688.14M	418.99M	244.77M	471.79M	690.96M	52.79M
Total Debt	444.42M	468.42M	176.69M	152.78M	128.43M	27.30M
Total Liabilities	864.75M	801.89M	386.67M	315.92M	282.40M	354.58M
Stockholders Equity	688.49M	382.45M	554.54M	673.21M	698.45M	108.25M
Cash Flow
Free Cash Flow	-204.06M	-115.98M	-153.57M	-148.95M	-97.49M	-52.88M
Operating Cash Flow	-110.77M	-48.89M	-98.87M	-106.54M	-71.79M	-27.76M
Investing Cash Flow	-71.25M	-98.33M	12.02M	-346.08M	-92.13M	-37.33M
Financing Cash Flow	405.79M	256.68M	7.37M	2.04M	799.94M	21.48M

Rocket Lab USA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 43.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RKLB, the sentiment is Neutral. The current price of 43 is below the 20-day moving average (MA) of 46.07, above the 50-day MA of 38.38, and above the 200-day MA of 26.32, indicating a neutral trend. The MACD of 1.22 indicates Positive momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 27.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RKLB.

Rocket Lab USA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVAV	68 Neutral	$12.36B	165.10	5.10%	―	14.50%	-29.76%
Sector *	63 Neutral	$10.83B	16.63	7.96%	2.06%	2.20%	-16.67%
DCO	62 Neutral	$1.38B	35.04	5.86%	―	2.42%	72.72%
RKLB	57 Neutral	$20.82B	―	-40.45%	―	54.36%	-26.35%
SPCE	43 Neutral	$172.20M	―	-91.98%	―	-84.19%	55.27%
EVEX	43 Neutral	$1.78B	―	-320.52%	―	―	-30.78%
RDW	41 Neutral	$1.36B	―	-45.35%	―	-10.50%	-230.68%

Rocket Lab USA Corporate Events

Rocket Lab USA Acquires GEOST for $275 Million

On August 12, 2025, Rocket Lab completed its acquisition of GEOST, a developer of electro-optical and infrared sensor systems for national security space missions, for $275 million. This acquisition enhances Rocket Lab’s capabilities in national security by integrating GEOST’s technologies, supporting initiatives like the Golden Dome for America and the Space Development Agency’s Proliferated Warfighter Space Architecture, and expanding its footprint in North America.

The most recent analyst rating on (RKLB) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Rocket Lab USA stock, see the RKLB Stock Forecast page.

Rocket Lab USA Announces 2025 Annual Meeting Date

Rocket Lab USA has announced that its 2025 annual meeting of stockholders will be held on August 27, 2025, a change of more than 30 days from the previous year’s meeting. Stockholders must submit proposals by June 19, 2025, to be included in the proxy materials, adhering to the company’s bylaws and SEC rules. This change in meeting date requires stockholders to adjust their proposal submission timelines, impacting their participation in the company’s governance.

The most recent analyst rating on (RKLB) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Rocket Lab USA stock, see the RKLB Stock Forecast page.

Rocket Lab USA Acquires LightRidge for $275 Million

On May 22, 2025, Rocket Lab USA entered into a Stock Purchase Agreement to acquire all shares of LightRidge Interco Solutions Holdings, Inc., the owner of GEOST LLC, for $275 million. This acquisition marks Rocket Lab’s entry into the satellite payload segment, enhancing its position as a provider of end-to-end national security space solutions. The deal, expected to close in the second half of 2025, includes potential additional earnout payments tied to revenue targets. By integrating GEOST’s advanced electro-optical and infrared payloads, Rocket Lab aims to deliver complete, mission-critical space solutions, strengthening its role as a disruptor in national security space.

The most recent analyst rating on (RKLB) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Rocket Lab USA stock, see the RKLB Stock Forecast page.