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Screener / SEC EDGAR /CIK 0001819994 /10-K filed Feb 26, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
ACLSVRRMRKLBMGRCDFINSXI
Nasdaq Industrials · Defense

Rocket Lab Corp RKLB

RKLB quote by TradingView

Rocket Lab is an end-to-end space company with an established track record of mission success. 10-K, Item 1

Employees
2,600
Headquarters
Long Beach, CA
CEO
Peter Beck
Next results
around Feb 25, 2027
Compare with peers Embed

RKLB among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 251 peers the company is above, not a score.

Compare
Revenue growth: 38.0%, above 96% of 250 peers (their median 5.7%) REVENUE GROWTH 38.0% · above 96% Gross margin: 36.2%, above 57% of 177 peers (their median 34.1%) GROSS MARGIN 36.2% · above 57% Operating margin: -27.6%, above 3% of 229 peers (their median 11.8%) OPERATING MARGIN -27.6% · above 3% Net margin: -25.7%, above 2% of 251 peers (their median 8.2%) NET MARGIN -25.7% · above 2% FCF margin: -36.9%, above 2% of 234 peers (their median 9.6%) FCF MARGIN -36.9% · above 2%
RKLB Peer median Below the median

What changed

11 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 26, 2026 against Feb 27, 2025.

Risk factors
11 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Business Acquisitions - GEOST developed technology intangible asset (“As further described in Notes 2 and 4 to the financial statements, the Company closed its acquisition of GEOST LLC (“GEOST”) on August 12, 2025. The Company uses the acquisition method of accounting for business combinations and recognizes assets acquired and liabilities assumed measured at their fa”). No longer listed: Revenue Recognition - Contracts with products and services
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
5 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Business Acquisitions - GEOST developed technology intangible asset (“As further described in Notes 2 and 4 to the financial statements, the Company closed its acquisition of GEOST LLC (“GEOST”) on August 12, 2025. The Company uses the acquisition method of accounting for business combinations and recognizes assets acquired and liabilities assumed measured at their fa”). No longer listed: Revenue Recognition - Contracts with products and services
  • Receivables +7.0% ($36.4M to $39.0M) vs revenue +38.0% ($436.2M to $601.8M), -30.9 pts apart
9 more checks with nothing to note
  • Cash from operations −$165.5M vs net income −$198.2M (FY ending Dec 31, 2025)
  • Inventory +33.0% ($119.1M to $158.4M) vs revenue +38.0% ($436.2M to $601.8M), -4.9 pts apart
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

11 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 11 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Our contracts may include performance-based payment terms that expose us to financial risks. Certain contracts we enter into include payment structures that are contingent on the ongoing performance of the delivered product or service over an extended period of time. These payment terms may require us to meet specific performance…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Delays in project completion or failure to meet certain requirements could also result in liability for costs incurred by customers, including penalties, liquidated damages, or obligations to address deficiencies in order to meet contractual requirements. These risks may adversely affect our financial performance and reputation.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Changes in trade policies, including tariffs, could cause adverse impacts to our business. Beginning in April 2025, we observed a significant shift in U.S. trade policy, with increased tariffs and the imposition of new tariffs that could impact our supply chain and our business. Even though our suppliers are primarily domestic, we rely…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Changes in law and policy relating to taxes may materially and adversely affect our financial condition, results of operations and cash flows. For example, on July 4, 2025, the One Big Beautiful Bill Act (the “OBBB”) was enacted. Key income tax-related provisions of the OBBB include repeal of mandatory capitalization of domestic…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$211.0M$244.6M$436.2M$601.8M
Net income−$135.9M−$182.6M−$190.2M−$198.2M
Operating cash flow−$106.5M−$98.9M−$48.9M−$165.5M
Free cash flow−$148.9M−$153.6M−$116.0M−$321.8M

Revenue, FY2020 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$601.8M ▲ 38.0% in FY2025

FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

Rocket Lab Corp, Long Beach, CA · from the 10-K filed Feb 26, 2026

Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, optical systems and other spacecraft and on-orbit management solutions that make it faster, easier and more affordable to access space. We believe that space has defined some of humanity’s greatest achievements and it continues to shape our future. We are motivated by the impact we can have on Earth by making it easier to get to space and using it as a platform for innovation, exploration and infrastructure.

Headquarters
Long Beach, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 9, 2026

Employees, at the top of the page: "As of December 31, 2025, we had over 2,600 full-time permanent employees worldwide" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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