Rocket Lab Corp(RKLB)Stock Analysis
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Rank #2,127 of 2,961 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
RKLB Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Rocket Lab Corp (RKLB), a Industrials sector company. 13F Pro's AI-powered ranking engine scores RKLB at 39.9/100 on a 32-signal composite quality model, placing it at rank #2,127 of 2,961 stocks — the bottom half of the AI-ranked universe. RKLB scores in the top quartile across revenue growth (94.2), institutional flow (84.4). Areas of concern include earnings quality (3.3) and free cash flow (9.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Rocket Lab Corp reports quarterly revenue of $234.1M, net income of $-49.3M, an operating margin of -24.6%. Top institutional holders of RKLB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. RKLB trades on the Nasdaq exchange and files with the SEC under CIK 1819994. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RKLB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Rocket Lab Corp directly from SEC EDGAR. Rocket Lab Corp's 13F Pro composite quality score has ranged between 23 and 40 since 2022, currently 39.9 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.
Revenue
Q2 2026
$234.1M
Net Income
Q2 2026
$-49.3M
Free Cash Flow
Q2 2026
$-110.1M
Operating Margin
Q2 2026
-24.6%
ROIC
Q2 2026
-6.6%
D/E Ratio
Q2 2026
0.00
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+38.0% YoYNet Income
-4.2% YoYOperating Income
-20.6% YoYEPS (Diluted)
+2.6% YoYTotal Assets
+96.3% YoYTotal Debt
-57.4% YoYOp. Cash Flow
-238.6% YoYFree Cash Flow
-177.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $601.8M +38.0% | $436.2M +78.3% | $244.6M +15.9% | $211.0M +239.0% | $62.2M +77.0% | $35.2M |
| Net Income | $-198.2M -4.2% | $-190.2M -4.2% | $-182.6M -34.3% | $-135.9M -15.9% | $-117.3M -113.3% | $-55.0M |
| Operating Income | $-228.8M -20.6% | $-189.8M -6.7% | $-177.9M -31.6% | $-135.2M -32.5% | $-102.1M -85.7% | $-55.0M |
| EPS (Diluted) | $-0.37 +2.6% | $-0.38 +0.0% | $-0.38 -31.0% | $-0.29 +48.2% | $-0.56 +23.3% | $-0.73 |
| Total Assets | $2.32B +96.3% | $1.18B +25.8% | $941.2M -4.8% | $989.1M +0.8% | $980.8M +422.1% | $187.9M |
| Total Debt | $152.4M -57.4% | $357.4M +239.3% | $105.4M +2.3% | $102.9M +2.8% | $100.1M | $0.00 |
| Operating Cash Flow | $-165.5M -238.6% | $-48.9M +50.5% | $-98.9M +7.2% | $-106.5M -48.4% | $-71.8M -158.6% | $-27.8M |
| Free Cash Flow | $-321.8M -177.5% | $-116.0M +24.5% | $-153.6M -3.1% | $-148.9M -52.8% | $-97.5M -84.4% | $-52.9M |
AI Insight: RKLB Financial Trends
Rocket Lab is scaling revenue aggressively (123% growth since Q3 2024) but burning cash and losses remain substantial despite equity raises.
• Revenue accelerated from $105M (Q3 2024) to $234M (Q2 2026), a 123% increase over 8 quarters.
• Operating cash flow deteriorated to -$84M in Q2 2026, worst quarter in dataset; persistent negative OCF across all periods.
• Debt collapsed from $357M (Q4 2024) to $13M (Q2 2026), but equity surged 815% to $3.5B, signaling heavy equity dilution.
⚠ Net losses remain severe: -$45M to -$66M per quarter; no path to profitability visible in latest data.
⚠ Operating margin flat around -25% to -28% despite 123% revenue growth; no operational leverage emerging.
AI Insight: RKLB Ratio Trends
Rocket Lab's path to profitability accelerated sharply in H1 2026, with operating margin improving 13.4pp from Q3 2025 lows as losses narrow across all metrics.
• Operating margin recovered from -38.0% in Q3 2025 to -24.6% in Q2 2026, a 13.4pp improvement driven by operational leverage and margin expansion.
• Net profit margin improved from -49.6% in Q3 2024 to -21.0% in Q2 2026, indicating sustained cost discipline and revenue-to-loss ratio contraction.
• ROIC deterioration halted; Q2 2026 ROIC of -6.6% represents best performance since tracking began, up from -42.1% trough in Q3 2024.
• Leverage collapsed to 0.00 D/E in Q2 2026 from 0.93 peak in Q4 2024, reflecting debt paydown and balance sheet strengthening.
⚠ Company remains unprofitable across all return metrics; negative ROE (-5.6%), ROA (-4.7%), ROIC (-6.6%) persist despite sequential gains.
⚠ Operating and net margins remain deeply negative; sustained losses until positive cash generation or revenue acceleration materializes.
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Available Research
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Top Institutional Holders of RKLB
BlackRock, Inc.
$4.1B40,580,130 shVANGUARD PORTFOLIO MANAGEMENT LLC
$2.8B27,118,258 shVANGUARD CAPITAL MANAGEMENT LLC
$2.6B25,299,213 shUBS Group AG
$1.9B18,888,023 shInvesco Ltd.
$1.9B18,343,547 shSTATE STREET CORP
$1.5B14,442,067 shJPMORGAN CHASE & CO
$1.4B13,805,113 shGEODE CAPITAL MANAGEMENT, LLC
$1.1B10,503,238 shBAILLIE GIFFORD & CO
$1.1B10,384,512 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.0B9,912,100 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $4.1B | 40,580,130 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.8B | 27,118,258 |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.6B | 25,299,213 |
| UBS Group AG | $1.9B | 18,888,023 |
| Invesco Ltd. | $1.9B | 18,343,547 |
| STATE STREET CORP | $1.5B | 14,442,067 |
| JPMORGAN CHASE & CO | $1.4B | 13,805,113 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.1B | 10,503,238 |
| BAILLIE GIFFORD & CO | $1.1B | 10,384,512 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1.0B | 9,912,100 |
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Popular Research
Is RKLB a good stock to buy?
13F Pro's AI-powered analysis of Rocket Lab Corp (RKLB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RKLB are available on the RKLB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. RKLB is classified as a large company.
Which hedge funds own RKLB?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RKLB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Rocket Lab Corp's investment landscape.