Rocket Lab USA Inc. (RKLB · NASDAQ)
RKLB · MARKET VIEW
Market view · as of Oct 5, 2026
Price (last ~year)
Rocket Lab shares rose 4.9% to $73.92, extending a one-month gain of 15.8% following news of its largest-ever commercial Electron deal, which pushed launch backlog past 100 missions, and a Citigroup upgrade to strong buy. Revenue growth remains strong at 62% YoY with TTM revenue of $769.1M, though the company stays unprofitable with a -24.6% operating margin, -21.5% net margin, and quarterly operating losses that have persisted across the last four quarters. The balance sheet is liquid — $2.13B in cash against $133.7M total debt and a 5.48 current ratio — but free cash flow ran -$110.1M in the most recent quarter. Valuation is rich at 61.45x sales and 12.87x book with no positive earnings to anchor a P/E, and the stock trades 50.8% below its 52-week high despite the recent rally.
Valuation
- Market cap
- $47.27B
- P/B
- 12.87
- P/S
- 61.45
- EV/EBITDA
- -16.44
- Beta
- 2.612
- Analyst target
- $109.15
Quality & returns
- Gross margin
- 37.3%
- Operating margin
- -24.6%
- Profit margin
- -21.5%
- ROE
- -7.9%
- ROA
- -4.6%
Price movement
- Last
- $73.92
- 1-month
- +15.8%
- 3-month
- -10.5%
- RSI (14)
- 69
- vs SMA200
- -9.2%
- 52-wk position
- 31.1% -50.8% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $234.1M | $-57.5M | $-49.3M | $-22.4M |
| 2026-03-31 | $200.3M | $-56.0M | $-45.0M | $-30.7M |
| 2025-12-31 | $179.7M | $-51.0M | $-52.9M | $-21.9M |
| 2025-09-30 | $155.1M | $-59.0M | $-18.3M | $-47.2M |
Recent news
- Neutral Rocket Lab secures largest-ever commercial Electron rocket deal, boosting launch backlog past 100. · 2026-10-03
- Somewhat-Bullish Rocket Lab (NASDAQ:RKLB) Upgraded at Citigroup · 2026-10-03
- Somewhat-Bullish Rocket Lab Corporation $RKLB Shares Acquired by Versant Capital Management Inc · 2026-10-03
- Neutral After exercising $1.09 options, Rocket Lab (RKLB) CFO Adam C. Spice sells shares. · 2026-10-03
- Somewhat-Bullish Intuitive Machines vs. Rocket Lab: Which Space Stock Can Send Your Returns Into Orbit in 2026? · 2026-10-02
- Somewhat-Bullish Rocket Lab (NASDAQ:RKLB) Stock Price Up 1.1% - Time to Buy? · 2026-10-01
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)