Rocket Lab Q1 revenue rises 63.5% to $200.3 million; net loss narrows
Rocket Lab reported first-quarter 2026 revenue of $200.3 million, up 63.5% from $122.6 million a year earlier, and a net loss of $45.0 million, compared with $60.6 million in the same period of 2025. It also guided second-quarter 2026 revenue to $225 million to $240 million, which would be above the first quarter's level.
Key points
- Q1 2026 revenue was $200.3 million, up 63.5% from $122.6 million in Q1 2025.
- Net loss was $45.0 million, or $0.07 per share, versus $60.6 million, or $0.12 per share, a year earlier.
- Q2 2026 guidance: revenue of $225 million to $240 million and GAAP gross margin of 33% to 35%.
- Backlog was $2.2 billion at March 31, 2026, and the company said it had access to more than $2 billion in total liquidity.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.