RKLBRocket Lab Corp
Guided Missiles & Space Vehicles & Parts
- Revenue
- $602M
- 38% YoY
- Operating margin
- -38.0%
- 13% YoY
- EBITDA
- −$185M
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$2.1B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired12% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear7% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $62M | $211M | $245M | $436M | $602M | 38% |
| Operating income | −$102M | −$135M | −$178M | −$190M | −$229M | 21% |
| Net income | −$117M | −$136M | −$183M | −$190M | −$198M | 4.2% |
| Operating cash flow | −$72M | −$107M | −$99M | −$49M | −$166M | 239% |
| Capex | $26M | $42M | $55M | $67M | $156M | 133% |
| Stock-based comp | $33M | $56M | $53M | $57M | $71M | 25% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $19M · 5
- Net
- −$19M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $23M | 669 | 141 |
| FY2024 | $20M | $22M | 244 | 95 |
| FY2023 | $963K | $963K | 53 | 75 |
| FY2022 | $838K | $838K | 36 | 60 |
| FY2021 | $325K | $325K | 118 | 92 |