RKLB FINANCIAL STATEMENTS

Rocket Lab USA Inc. — balance sheet, income statement and cash flow trends

RKLBRocket Lab USA Inc.

🇺🇸 USA · NASDAQ · Industrials · Aerospace & Defense

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue679.6 M $+45.8%

Gross Profit248.4 M $+95.3%

Operating Income-225.6 M $—

EBITDA-151.9 M $—

Net Income-182.6 M $—

Peer Comparison· Aerospace & Defense

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
RKLB	45.8%	36.6%	-22.4%	-26.9%
RHM	-8.7%	45.9%	22.7%	7.6%
HO	7.6%	26.4%	14.3%	7.6%
ASELS	20.6%	31.9%	29.5%	17.3%
SAAB-B	26.3%	21.7%	13.4%	7.9%
KOG	-10.6%	—	—	16.2%
Industry median	12.2%	24.2%	13.1%	6.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
RKLB	45.8%	36.6%	-22.4%	-26.9%
LHX	5.8%	25.3%	17.1%	7.7%
HEI	18.8%	40.1%	27.9%	16.1%
AXON	34.0%	59.3%	12.9%	6.9%
NOC	5.0%	20.5%	18.2%	10.8%
TDG	13.3%	59.0%	50.3%	21.3%
Industry median	12.2%	24.2%	13.1%	6.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity2.3 B $80%
Current Liabilities402.3 M $14%
Long-term Liabilities153.2 M $5%

Key Figures

YoY change

Total Assets2.8 B $+124.7%

Total Liabilities555.6 M $-32.5%

Total Equity2.3 B $+425.0%

Cash & ST Investments1.4 B $+222.9%

Total Debt138.7 M $-71.7%

Net Debt-1.1 B $-671.9%

Peer Comparison· Aerospace & Defense

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
RKLB	4.47	6.1%	8.19	80.3%
RHM	1.05	40.4%	0.38	27.2%
HO	0.84	76.9%	0.52	20.4%
ASELS	1.54	18.8%	0.39	58.3%
SAAB-B	1.28	32.3%	0.03	35.9%
KOG	1.20	—	—	28.3%
Industry median	1.75	48.4%	0.88	44.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
RKLB	4.47	6.1%	8.19	80.3%
LHX	1.03	57.7%	2.80	47.6%
HEI	2.92	54.2%	1.74	49.7%
AXON	2.27	51.7%	2.87	50.0%
NOC	1.14	99.8%	1.95	34.2%
TDG	3.52	-340.4%	5.88	-37.0%
Industry median	1.75	48.4%	0.88	44.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-161.6 M $—

Capital Expenditures154.7 M $+101.9%

Free Cash Flow-316.3 M $—

Dividends Paid——

Peer Comparison· Aerospace & Defense

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
RKLB	-23.8%	-46.5%	22.8%	88.5%
RHM	17.9%	8.8%	9.1%	236.8%
HO	15.0%	11.8%	3.3%	198.4%
ASELS	26.3%	2.0%	23.4%	152.2%
SAAB-B	15.4%	6.6%	8.8%	196.1%
KOG	42.2%	13.4%	12.4%	261.1%
Industry median	11.1%	5.8%	3.8%	110.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
RKLB	-23.8%	-46.5%	22.8%	88.5%
LHX	13.6%	11.5%	2.1%	176.3%
HEI	20.3%	18.9%	1.4%	126.3%
AXON	5.2%	0.7%	4.5%	74.7%
NOC	11.0%	7.8%	3.2%	102.0%
TDG	22.2%	19.5%	2.7%	104.1%
Industry median	11.1%	5.8%	3.8%	110.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.