Quarterly ResultMay 7, 2026, 04:41 PM
Rocket Lab Q1 Revenue +63% to $200.3M; Net Loss Narrows to $45.0M
AI Summary
Rocket Lab reported strong first quarter 2026 financial results, with total revenues increasing by 63.5% to $200.3 million and net loss narrowing significantly to $45.0 million. The company also saw substantial growth in both product and service revenues, alongside a more than doubling of gross profit. Cash and cash equivalents increased to $1.21 billion, and the company maintained a robust backlog of $2.22 billion.
Key Highlights
- Total revenues increased by 63.5% to $200.3 million for Q1 2026.
- Net loss narrowed by 25.7% to $45.0 million in Q1 2026.
- Basic and diluted net loss per share improved to $(0.07) from $(0.12).
- Product revenues grew by 57.8% to $127.5 million.
- Service revenues increased by 74.5% to $72.9 million.
- Gross profit more than doubled to $76.5 million from $35.2 million.
- Cash and cash equivalents rose to $1.21 billion as of March 31, 2026.
- Remaining backlog totaled $2.22 billion as of March 31, 2026.