Rocket Lab Reports Record Revenue and Backlog in Q4 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy RKLB?
Source: seekingalpha
- Record Annual Revenue: Rocket Lab achieved a record annual revenue of $602 million for 2025, reflecting a 38% year-on-year growth, with Q4 revenue reaching $180 million, up 36% from Q4 2024, indicating strong momentum in the aerospace market.
- Historic Contract Wins: The company secured an $816 million contract with the Space Development Agency, marking the largest single contract in Rocket Lab's history, which is expected to drive future revenue growth and provide approximately $1 billion in additional subsystem opportunities.
- Strong Backlog Growth: As of Q4 2025, the company's backlog reached $1.85 billion, a 73% increase year-on-year, indicating robust market demand in the aerospace launch and space systems sectors, enhancing revenue predictability for the future.
- R&D Spending and Outlook: Despite challenges with the Neutron project, management guided Q1 2026 revenue between $185 million and $200 million, with GAAP gross margin expected between 34% and 36%, reflecting confidence in future growth prospects.
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Analyst Views on RKLB
Wall Street analysts forecast RKLB stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 70.200
Low
63.00
Averages
86.89
High
120.00
Current: 70.200
Low
63.00
Averages
86.89
High
120.00
About RKLB
Rocket Lab Corporation is an end-to-end space company. The Company designs and manufactures small and medium-class rockets, spacecraft and spacecraft components, and related software and services to support the space economy. The Company delivers reliable launch services, satellite manufacture, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions that make it easier to access space. Its Launch Services segment provides launch and launch-related services to customers on a dedicated mission or ride-share basis. Its Space Systems segment comprises the design and manufacture of spacecraft components and spacecraft program management services, space data applications, and mission operations. Its space systems solutions are the building blocks for spacecraft, which include composite structures, reaction wheels, star trackers, solar solutions, radios, separation systems, and command and control spacecraft software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rocket Lab Reports Record Revenue and Backlog in Q4 2025
- Record Annual Revenue: Rocket Lab achieved a record annual revenue of $602 million for 2025, reflecting a 38% year-on-year growth, with Q4 revenue reaching $180 million, up 36% from Q4 2024, indicating strong momentum in the aerospace market.
- Historic Contract Wins: The company secured an $816 million contract with the Space Development Agency, marking the largest single contract in Rocket Lab's history, which is expected to drive future revenue growth and provide approximately $1 billion in additional subsystem opportunities.
- Strong Backlog Growth: As of Q4 2025, the company's backlog reached $1.85 billion, a 73% increase year-on-year, indicating robust market demand in the aerospace launch and space systems sectors, enhancing revenue predictability for the future.
- R&D Spending and Outlook: Despite challenges with the Neutron project, management guided Q1 2026 revenue between $185 million and $200 million, with GAAP gross margin expected between 34% and 36%, reflecting confidence in future growth prospects.
See More
Rocket Lab Set to Release Q4 Earnings Report
- Earnings Expectations: Wall Street anticipates Rocket Lab will report Q4 revenue of $178 million, up from $132 million year-over-year, marking a potential third consecutive quarterly revenue record, while a net loss of 9 cents per share is expected, narrowing from a 10-cent loss in the prior year.
- Defense Expansion: The company is expanding its defense and national security operations, participating in the Pentagon's SHIELD missile defense initiative and conducting additional hypersonic testing missions for the U.S. Defense Innovation Unit, indicating a strategic focus on defense contracts.
- Analyst Ratings: The stock carries a Buy rating with an average price target of $64.00; recent analyst upgrades include Goldman Sachs raising its target to $69.00 and Morgan Stanley to $105.00, reflecting strong market confidence in Rocket Lab's future performance.
- Stock Performance: Despite a 280% increase over the past year, Rocket Lab shares are currently trading below their 20-day and 100-day simple moving averages, indicating short-term weakness, which investors should monitor closely ahead of the upcoming earnings report.
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Rocket Lab Launches Silicon Solar Arrays for Space Power Generation
- Space Data Centers Trend: Rocket Lab announced that its space-based data centers will span kilometers, leveraging the space environment and solar energy to address the resource constraints of terrestrial data centers, thereby driving the growth of space computing demand.
- Silicon Solar Array Advantages: The newly launched silicon solar arrays provide low cost per watt at an industrial scale, supporting the construction of gigawatt-class space data centers, enhancing the company's competitiveness in the space energy market.
- Retail Sentiment Shift: According to Stocktwits data, retail sentiment on Rocket Lab shifted from 'bearish' to 'bullish', with message volume surging 212% in the past 24 hours, indicating investor confidence in the company's future.
- Market Reaction: Despite Rocket Lab's shares dropping over 4% in overnight trading, investors remain optimistic about its future space energy solutions, anticipating a rebound in stock price.
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- Merger Dynamics: Netflix (NFLX) has stepped aside from its bid for Warner Bros Discovery (WBD), potentially paving the way for a $111 billion merger with Paramount (PSKY), a strategic shift that could reshape the streaming industry landscape significantly.
- Market Sentiment Fluctuations: While retail sentiment towards the SPDR S&P 500 ETF (SPY) remains 'bullish', the Invesco QQQ Trust (QQQ) ETF appears 'bearish' amid high message volumes, indicating a divergence in market sentiment towards tech stocks.
- Economic Data Focus: Investors are set to closely monitor inflation data due at 8:30 AM ET and construction spending at 10 AM, as these economic indicators could serve as catalysts for market volatility and influence investment decisions.
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Rocket Lab (RKLB) Q4 2025 Earnings Call Transcript
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- Block Shares Surge: Block's stock rose 4.99%, closing at $54.53, with a high of $54.80; while its fourth-quarter earnings of $0.65 per share met expectations, revenue of $6.25 billion slightly missed forecasts, yet the announcement of a workforce reduction of over 40% led to a 23.14% jump in after-hours trading to $67.15.
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- Dell Earnings Beat Expectations: Dell's stock decreased by 1.64%, closing at $121.45, but reported fourth-quarter earnings of $3.89 per share, surpassing estimates, with revenue rising to $33.38 billion; the projected adjusted EPS for fiscal 2027 is $12.90, leading to an 11.5% increase in after-hours trading to $135.40.
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Rocket Lab Reports Record Revenue and Backlog in Q4 2025
- Record Annual Revenue: Rocket Lab achieved a record annual revenue of $602 million for 2025, reflecting a 38% year-on-year growth, with Q4 revenue reaching $180 million, up 36% from Q4 2024, indicating strong momentum in the aerospace market.
- Historic Contract Wins: The company secured an $816 million contract with the Space Development Agency, marking the largest single contract in Rocket Lab's history, which is expected to drive future revenue growth and provide approximately $1 billion in additional subsystem opportunities.
- Strong Backlog Growth: As of Q4 2025, the company's backlog reached $1.85 billion, a 73% increase year-on-year, indicating robust market demand in the aerospace launch and space systems sectors, enhancing revenue predictability for the future.
- R&D Spending and Outlook: Despite challenges with the Neutron project, management guided Q1 2026 revenue between $185 million and $200 million, with GAAP gross margin expected between 34% and 36%, reflecting confidence in future growth prospects.
See More
Rocket Lab Set to Release Q4 Earnings Report
- Earnings Expectations: Wall Street anticipates Rocket Lab will report Q4 revenue of $178 million, up from $132 million year-over-year, marking a potential third consecutive quarterly revenue record, while a net loss of 9 cents per share is expected, narrowing from a 10-cent loss in the prior year.
- Defense Expansion: The company is expanding its defense and national security operations, participating in the Pentagon's SHIELD missile defense initiative and conducting additional hypersonic testing missions for the U.S. Defense Innovation Unit, indicating a strategic focus on defense contracts.
- Analyst Ratings: The stock carries a Buy rating with an average price target of $64.00; recent analyst upgrades include Goldman Sachs raising its target to $69.00 and Morgan Stanley to $105.00, reflecting strong market confidence in Rocket Lab's future performance.
- Stock Performance: Despite a 280% increase over the past year, Rocket Lab shares are currently trading below their 20-day and 100-day simple moving averages, indicating short-term weakness, which investors should monitor closely ahead of the upcoming earnings report.
See More
Rocket Lab Launches Silicon Solar Arrays for Space Power Generation
- Space Data Centers Trend: Rocket Lab announced that its space-based data centers will span kilometers, leveraging the space environment and solar energy to address the resource constraints of terrestrial data centers, thereby driving the growth of space computing demand.
- Silicon Solar Array Advantages: The newly launched silicon solar arrays provide low cost per watt at an industrial scale, supporting the construction of gigawatt-class space data centers, enhancing the company's competitiveness in the space energy market.
- Retail Sentiment Shift: According to Stocktwits data, retail sentiment on Rocket Lab shifted from 'bearish' to 'bullish', with message volume surging 212% in the past 24 hours, indicating investor confidence in the company's future.
- Market Reaction: Despite Rocket Lab's shares dropping over 4% in overnight trading, investors remain optimistic about its future space energy solutions, anticipating a rebound in stock price.
See More
Wall Street Faces Volatile February Close Amid Tech Pressure
- Tech Stock Pressure: As Wall Street approaches the end of a volatile February, tech stocks are under renewed pressure, particularly Nvidia (NVDA), which experienced a selloff following its earnings report this week, reflecting investor concerns over AI disruption that could dampen market confidence.
- Merger Dynamics: Netflix (NFLX) has stepped aside from its bid for Warner Bros Discovery (WBD), potentially paving the way for a $111 billion merger with Paramount (PSKY), a strategic shift that could reshape the streaming industry landscape significantly.
- Market Sentiment Fluctuations: While retail sentiment towards the SPDR S&P 500 ETF (SPY) remains 'bullish', the Invesco QQQ Trust (QQQ) ETF appears 'bearish' amid high message volumes, indicating a divergence in market sentiment towards tech stocks.
- Economic Data Focus: Investors are set to closely monitor inflation data due at 8:30 AM ET and construction spending at 10 AM, as these economic indicators could serve as catalysts for market volatility and influence investment decisions.
See More
Rocket Lab (RKLB) Q4 2025 Earnings Call Transcript
See More
U.S. Stocks Close Mixed; Netflix and Block Shares Rise
- Netflix Stock Rises: Netflix shares increased by 2.31%, closing at $84.61, with an intraday high of $86.50; despite a 52-week range of $134.12 to $75.01, the stock surged nearly 8.5% to $91.76 in after-hours trading, reflecting investor confidence in its future performance.
- Block Shares Surge: Block's stock rose 4.99%, closing at $54.53, with a high of $54.80; while its fourth-quarter earnings of $0.65 per share met expectations, revenue of $6.25 billion slightly missed forecasts, yet the announcement of a workforce reduction of over 40% led to a 23.14% jump in after-hours trading to $67.15.
- CoreWeave Stock Dips: CoreWeave's stock fell by 0.39%, closing at $97.63, despite reaching a high of $100.75 during the day; it dropped to $89.05 in after-hours trading, indicating strong demand for its AI cloud services but losses exceeding expectations.
- Dell Earnings Beat Expectations: Dell's stock decreased by 1.64%, closing at $121.45, but reported fourth-quarter earnings of $3.89 per share, surpassing estimates, with revenue rising to $33.38 billion; the projected adjusted EPS for fiscal 2027 is $12.90, leading to an 11.5% increase in after-hours trading to $135.40.
See More
