# EDGAR Filing Document

**Accession Number:** 0001819994
**File Stem:** 0001819994-26-000012
**Filing Date:** 2026-2
**Character Count:** 37163
**Document Hash:** bca7ba7c5318e3aeba093cbd70dccc45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001819994-26-000012.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001819994-26-000012

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260226

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rocket Lab Corp
- **CENTRAL INDEX KEY:** 0001819994
- **STANDARD INDUSTRIAL CLASSIFICATION:** GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 392182599
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39560
- **FILM NUMBER:** 26687979

**BUSINESS ADDRESS:**
- **STREET 1:** 3881 MCGOWEN STREET
- **CITY:** LONG BEACH
- **STATE:** CA
- **ZIP:** 90808
- **BUSINESS PHONE:** 714-465-5737

**MAIL ADDRESS:**
- **STREET 1:** 3881 MCGOWEN STREET
- **CITY:** LONG BEACH
- **STATE:** CA
- **ZIP:** 90808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Rocket Lab USA, Inc.
- **DATE OF NAME CHANGE:** 20210831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vector Acquisition Corp
- **DATE OF NAME CHANGE:** 20200803

?xml version='1.0' encoding='ASCII'? rklb-20260226

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): February 26, 2026**

**ROCKET LAB CORPORATION**

**(Exact name of Registrant as Specified in Its Charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39560** | **39-2182599** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| **3881 McGowen Street** | | |
| **Long Beach, California** | | **90808** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: 714 465-5737**

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 per share | RKLB | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02 Results of Operations and Financial Condition.**

On February 26, 2026, Rocket Lab Corporation (the "Company") issued a press release announcing its financial results for the fourth quarter and the year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 (the "Section") of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit | Description |
| 99.1 | <u>[Press Release of Rocket Lab Corporation, dated February 26, 2026](rklb-02262026ex991.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | **ROCKET LAB CORPORATION** |
| Date: | February 26, 2026 | By: | /s/ Adam Spice |
|  |  |  | Adam Spice<br>Chief Financial Officer |

---

## Exhibit 99.1

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| | |
|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

---

**Exhibit 99.1**

 **Rocket Lab Announces Fourth Quarter and Full Year 2025 Financial Results, Posts Record Quarterly Revenue of $180M, Record Annual Revenue of $602M, Delivering Annual Growth of 38% and Growing Backlog 73% Year-on-Year to $1.85B**

*Guides to record Q1 revenue of $185M - $200M, representing year-on-year growth of 57% at the midpoint of the range*

**Long Beach, California. February 26, 2026** – Rocket Lab Corporation (Nasdaq: RKLB) ("Rocket Lab", "the Company", "we," "us," or "our"), a global leader in launch services and space systems, today shared the financial results for fiscal fourth quarter and full year ended December 31, 2025.

Rocket Lab founder and CEO, Sir Peter Beck, said: "2026 was a record-breaking year for Rocket Lab financially and operationally. We delivered record quarterly revenue of $180 million, which brought our full year revenue to a record $602 million, representing 38% growth year on year. We reached a new annual launch record, flying 21 missions across Electron and HASTE with a 100% success rate for the year, and also reached significant qualification milestones in the development of Neutron, our new medium-lift launch vehicle. At the same time we were awarded Rocket Lab's largest single contract to date, an $816 million contract from the Space Development Agency to design and manufacture 18 satellites for the Tracking Layer Tranche 3 program under the Proliferated Warfighter Space Architecture. It was also the quarter in which two spacecraft we built for NASA and the University of California Berkeley were successfully launched toward Mars for the historic ESCAPADE mission, proving Rocket Lab can deliver decadal class science missions on rapid timelines for a fraction of the cost of traditional interplanetary programs. We ended the year with a record $1.85 billion in backlog, representing 73% year-on-year growth, a figure we look forward to building upon in 2026."

**Business Highlights for the Fourth Quarter 2025, plus updates since December 31, 2025.**

• Launched seven missions in Q4 2025, a new quarterly record, and also achieved a new annual launch record with 21 Electron missions flown in 2025 with 100% mission success. Three of these 2025 launches were HASTE (Hypersonic Accelerator Suborbital Test Electron) missions delivering hypersonic suborbital test launch capability, a key priority for the Department of War needed to support initiatives such as Golden Dome.

• Signed more than 30 new launch contracts in 2025 with a diverse customer base spanning U.S. national defense and security, commercial constellations, and new and returning customers.

• Awarded $816m prime contract by the Space Development Agency to design and build a constellation of 18 advanced missile warning, tracking, and defense spacecraft. The contract further cements Rocket Lab's position as the disruptive and preferred new prime, winning contracts historically reserved for legacy aerospace contractors.

• Twin spacecraft designed, built, and operated by Rocket Lab were successfully launched for NASA and University of California Berkeley's ESCAPADE mission to Mars.

• Completed production of LOXSAT, an advanced spacecraft designed and built by Rocket Lab to enable an on-orbit cryogenic fueling demonstration for NASA.

• Introduced new advanced silicon solar arrays to power gigawatt-scale space-based data centers spanning kilometers in orbit, harnessing infinitely abundant solar energy to support surging A.I. and compute demand on Earth.

rocketlabcorp.com \| media@rocketlabusa.com

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|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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• Acquired Optical Support Inc, a leader in design and manufacture of custom, high-precision optical and optomechanical instruments. It's the latest move in Rocket Lab's vertically integration strategy, bringing high-performance optical payload technology into the Company to unlock high value national security and commercial spacecraft opportunities.

• Acquired Precision Components Limited, expanding Rocket Lab's high volume, precision manufacturing capabilities.

• Selected by the Missile Defense Agency for the Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program, positioning Rocket Lab to compete for future launch and space systems contracts up to a total of $151 billion to deliver capabilities to the warfighter with increased agility.

• Welcomed Secretary of War Pete Hegseth to Rocket Lab's Engine Development Complex in Long Beach as part of the Arsenal of Freedom Tour, highlighting the critical support Rocket Lab provides for defense and national security priorities.

• Successfully qualified Neutron's Hungry Hippo fairing and delivered it to the Assembly and Integration Complex in Virginia ready for final integration and end-to-end systems testing.

• Completed successful qualification for Neutron's thrust structure and entered qualification phase for the interstage, both critical development milestones for the Neutron development program.

• Updated the Neutron development schedule following the stage 1 tank test failure, with Neutron's first launch now targeted for Q4 2026.

**First Quarter 2026 Guidance**

**For the first quarter of 2026, Rocket Lab expects:**

• Revenue between $185 million and $200 million.

• GAAP Gross Margins between 34% and 36%.

• Non-GAAP Gross Margins between 39% and 41%.

• GAAP Operating Expenses between $120 million and $126 million.

• Non-GAAP Operating Expenses between $106 million and $112 million.

• Interest Income, net $8.0 million.

• Adjusted EBITDA loss of between $21 million and $27 million.

• Basic Weighted Average Common Shares Outstanding of 605 million, including approximately 46 million of Series A Convertible Participating Preferred Shares.

**See "Use of Non-GAAP Financial Measures" below for an explanation of our use of Non-GAAP financial measures, and the reconciliation of historical Non-GAAP measures to the comparable GAAP measures in the tables attached to this press release. We have not provided a reconciliation for the forward-looking Non-GAAP Gross Margin, Non-GAAP Operating Expenses or Adjusted EBITDA expectations for Q1 2026 described above because, without unreasonable efforts, we are unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate these non-GAAP financial measures, particularly related to stock-based compensation and its related tax effects. Stock-based compensation is currently expected to range from $16 million to $18 million in Q1 2026.**

**Conference Call Information**

Rocket Lab will host a conference call for investors at 2 p.m. PT (5 p.m. ET) today to discuss these business highlights and financial results for our fourth quarter and full year 2025, to provide our outlook for the first quarter 2026, and other updates.

The live webcast and a replay of the webcast will be available on Rocket Lab's Investor Relations website: <u>https://investors.rocketlabcorp.com/</u> 

rocketlabcorp.com \| media@rocketlabusa.com

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| | |
|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

---

**Rocket Lab Investor Relations Contact** 

Patrick Vorenkamp

investors@rocketlabusa.com

**Rocket Lab Media Contact** 

Morgan Connaughton

media@rocketlabusa.com

**About Rocket Lab**

Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab's Electron rocket is the world's most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab's spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at <u>www.rocketlabcorp.com</u>.

**Forward Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of financial results for the first quarter of 2026, launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development and anticipated timeline to launch, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at www.investors.rocketlabcorp.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

rocketlabcorp.com \| media@rocketlabusa.com

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| | |
|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

---

**Use of Non-GAAP Financial Measures**

We supplement the reporting of our financial information determined under Generally Accepted Accounting Principles in the United States of America ("GAAP") with certain non-GAAP financial information. The non-GAAP financial information presented excludes certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. We believe that these non-GAAP measures provide investors with additional insight into the company's ongoing business performance. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Reconciliation of the non-GAAP financial information to the corresponding GAAP measures for the historical periods disclosed are included at the end of the tables in this press release. We have not provided a reconciliation for forward-looking non-GAAP financial measures because, without unreasonable efforts, we are unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate these non-GAAP financial measures, particularly related to stock-based compensation and its related tax effects. The following definitions are provided:

**Adjusted EBITDA**

EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA further excludes items of income or loss that we characterize as unrepresentative of our ongoing operations. Such items are excluded from net income or loss to determine Adjusted EBITDA. Management believes this measure provides investors meaningful insight into results from ongoing operations.

**Other Non-GAAP Financial Measures**

Non-GAAP gross profit, gross margin, research and development, net, selling, general and administrative, operating expenses, operating loss and total other income (expense), net, further excludes items of income or loss that we characterize as unrepresentative of our ongoing operations. Such items are excluded from the applicable GAAP financial measure. Management believes these non-GAAP measures provide investors meaningful insight into results from ongoing operations.

rocketlabcorp.com \| media@rocketlabusa.com

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|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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**ROCKET LAB CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**FOR THE THREE MONTHS AND YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(unaudited; in thousands, except share and per share data)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Product revenues | $94046 | $84003 | $371617 | $289851 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service revenues | 85606 | 48385 | 230182 | 146363 |
| Total revenues | 179652 | 132388 | 601799 | 436214 |
| Cost of revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of product revenues | 64446 | 60620 | 252848 | 213835 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of service revenues | 46974 | 34951 | 141770 | 106230 |
| Total cost of revenues | 111420 | 95571 | 394618 | 320065 |
| Gross profit | 68232 | 36817 | 207181 | 116149 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Research and development, net | 78779 | 48255 | 270716 | 174394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative | 40495 | 40111 | 165303 | 131556 |
| Total operating expenses | 119274 | 88366 | 436019 | 305950 |
| Operating loss | (51042) | (51549) | (228838) | (189801) |
| Other income (expense): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | (5019) | (6714) | (26489) | (26179) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | 9589 | 4936 | 25512 | 22225 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Loss) gain on foreign exchange | (228) | 378 | (463) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income, net | 5056 | 1279 | 4381 | 4431 |
| Total other income (expense), net | 9398 | (121) | 2941 | 390 |
| Loss before income taxes | (41644) | (51670) | (225897) | (189411) |
| (Provision) benefit for income taxes | (11278) | (675) | 27688 | (764) |
| Net loss | $(52922) | $(52345) | $(198209) | $(190175) |
| Net loss per share attributable to Rocket Lab Corporation: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted | $(0.09) | $(0.10) | $(0.37) | $(0.38) |
| Weighted-average common shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted | 572518399 | 501748897 | 530664781 | 495929861 |

---

rocketlabcorp.com \| media@rocketlabusa.com

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|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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**ROCKET LAB CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS**

**AS OF DECEMBER 31, 2025 AND 2024**

**(unaudited; in thousands, except share and per share values)**

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
| | **2025** | **2024** |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $828660 | $271042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketable securities, current | 187917 | 147948 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 39001 | 36440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract assets | 61606 | 63108 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 158407 | 119074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaids and other current assets | 89953 | 55009 |
| Total current assets | 1365544 | 692621 |
| Non-current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment, net | 319473 | 194838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets, net | 224746 | 58637 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 205750 | 71020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets - operating leases | 90371 | 53664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets - finance leases | 13895 | 14396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketable securities, non-current | 82247 | 60686 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | 4885 | 4260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax assets, net | 1895 | 3010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-current assets | 15672 | 31210 |
| Total assets | $2324478 | $1184342 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade payables | $72699 | $53059 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 19299 | 19460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee benefits payable | 25803 | 20847 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract liabilities | 195438 | 216160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current installments of long-term borrowings |  | 12045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 21237 | 17954 |
| Total current liabilities | 334476 | 339525 |
| Non-current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible senior notes, net | 152395 | 345392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term borrowings, net, excluding current installments | 1716 | 44049 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-current operating lease liabilities | 85191 | 51965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-current finance lease liabilities | 14653 | 14970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities | 1241 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities | 12952 | 5097 |
| Total liabilities | 602624 | 801889 |
| COMMITMENTS AND CONTINGENCIES |  |  |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $0.0001 par value; authorized shares: 100,000,000; issued and outstanding shares: 45,951,250 and 0 at December 31, 2025 and December 31, 2024, respectively | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value; authorized shares: 2,500,000,000; issued shares: 589,525,802 and 504,453,785 at December 31, 2025 and December 31, 2024, respectively; outstanding shares 543,574,552 and 504,453,785 at December 31, 2025 and December 31, 2024, respectively | 54 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury stock, at cost; shares: 45,951,250 and 0 at December 31, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 2735669 | 1198909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (1011910) | (813701) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (1964) | (2805) |
| Total stockholders' equity | 1721854 | 382453 |
| Total liabilities and stockholders' equity | $2324478 | $1184342 |

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rocketlabcorp.com \| media@rocketlabusa.com

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|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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**ROCKET LAB CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(unaudited; in thousands)** 

---

| | | |
|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(198209) | $(190175) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 43935 | 33655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 71099 | 56816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on disposal of assets | 2613 | (2828) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of long-term debt | 5926 | 1330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt issuance costs and discount | 3140 | 3091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncash lease expense | 8288 | 5951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in the fair value of contingent consideration | (10624) | (218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accretion of marketable securities purchased at a discount | (2245) | (2901) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (30667) | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 667 | (1428) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract assets | 2296 | (50161) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (39885) | (12398) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaids and other current assets | (15460) | 7591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current assets | 15834 | (12922) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade payables | 10220 | 24800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | (1931) | 9086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefits payable | 1523 | 5304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract liabilities | (21606) | 76865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 849 | 3249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-current lease liabilities | (11507) | (6405) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities | 223 | 2209 |
| Net cash used in operating activities | (165521) | (48890) |
| **CASH FLOWS FROM INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, equipment and software | (156285) | (67093) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds on disposal of assets, net | 397 | 12542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for business combinations and asset acquisitions, net of acquired cash | (132441) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases of marketable securities | (275319) | (162161) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maturities of marketable securities | 212868 | 116242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sale of marketable securities | 3383 | 2143 |
| Net cash used in investing activities | (347397) | (98327) |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from ATM Equity Offerings | 1146057 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance costs related to ATM Equity Offerings | (26514) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the exercise of stock options | 2572 | 3507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Employee Stock Purchase Plan | 11047 | 5683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of employees restricted stock units to cover taxes | 113346 | 35254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum tax withholding paid on behalf of employees for restricted stock units | (113487) | (35336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance lease principal payments | (268) | (329) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of capped calls related to issuance of convertible senior notes |  | (43168) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of convertible senior notes |  | 355000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from secured term loan | 26716 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayments on secured term loans | (87920) | (51724) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of debt issuance costs | (278) | (12205) |
| Net cash provided by financing activities | 1071271 | 256682 |
| Effect of exchange rate changes on cash and cash equivalents | (110) | (597) |
| Net increase in cash and cash equivalents and restricted cash | 558243 | 108868 |
| Cash and cash equivalents, and restricted cash, beginning of period | 275302 | 166434 |
| Cash and cash equivalents, and restricted cash, end of period | $833545 | $275302 |

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| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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**ROCKET LAB CORPORATION AND SUBSIDIARIES**

**RECONCILIATION OF NON-GAAP FINANCIAL MEASURES**

**FOR THE THREE MONTHS AND YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(unaudited; in thousands)**

The tables provided below reconcile the non-GAAP financial measures Adjusted EBITDA, Non-GAAP gross profit, Non-GAAP research and development, net, Non-GAAP selling, general and administrative, Non-GAAP operating expenses, Non-GAAP operating loss and Non-GAAP total other income (expense), net with the most directly comparable GAAP financial measures. See above for additional information on the use of these non-GAAP financial measures.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| **NET LOSS** | $**(52922)** | $**(52345)** | $**(198209)** | $**(190175)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 7308 | 5854 | 25369 | 20367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization | 7436 | 3285 | 18566 | 13288 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 18205 | 16872 | 71099 | 56816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction costs | 767 | 2187 | 12271 | 2594 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 5019 | 6714 | 26489 | 26179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | (9589) | (4936) | (25512) | (22225) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration | (10624) |  | (10624) | (218) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (benefit) for income taxes | 11278 | 675 | (27688) | 764 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on foreign exchange | 228 | (378) | 463 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion of marketable securities and cash equivalents purchased at a discount | (658) | (650) | (2468) | (2922) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on disposal of assets | 257 | (472) | 2613 | (2828) |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee retention credit |  |  | 515 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | 5926 |  | 5926 | 1330 |
| **ADJUSTED EBITDA** | $**(17369)** | $**(23194)** | $**(101190)** | $**(96943)** |

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|:---|:---|
| **MEDIA RELEASE** | ![rocketlablogo.jpg](rocketlablogo.jpg) |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| **GAAP Gross profit** | $**68232** | $**36817** | $**207181** | $**116149** |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 5282 | 6452 | 17633 | 16657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangibles and favorable lease | 6069 | 1751 | 13841 | 6998 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee retention credit |  |  | 278 |  |
| **Non-GAAP Gross profit** | $**79583** | $**45020** | $**238933** | $**139804** |
| **Non-GAAP Gross margin** | **44.3%** | **34.0%** | **39.7%** | **32.0%** |
| **GAAP Research and development, net** | $**78779** | $**48255** | $**270716** | $**174394** |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | (6017) | (1966) | (22072) | (15626) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangibles and favorable lease |  | (226) | (329) | (912) |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee retention credit |  |  | (88) |  |
| **Non-GAAP Research and development, net** | $**72762** | $**46063** | $**248227** | $**157856** |
| **GAAP Selling, general and administrative** | $**40495** | $**40111** | $**165303** | $**131556** |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | (6906) | (8454) | (31394) | (24533) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangibles and favorable lease | (1096) | (1046) | (3346) | (4320) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction costs | (767) | (2187) | (12271) | (2594) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration |  |  |  | 218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee retention credit |  |  | (149) |  |
| **Non-GAAP Selling, general and administrative** | $**31726** | $**28424** | $**118143** | $**100327** |
| **GAAP Operating expenses** | $**119274** | $**88366** | $**436019** | $**305950** |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | (12923) | (10420) | (53466) | (40159) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of purchased intangibles and favorable lease | (1096) | (1272) | (3675) | (5232) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction costs | (767) | (2187) | (12271) | (2594) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration |  |  |  | 218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee retention credit |  |  | (237) |  |
| **Non-GAAP Operating expenses** | $**104488** | $**74487** | $**366370** | $**258183** |
| **GAAP Operating loss** | $**(51042)** | $**(51549)** | $**(228838)** | $**(189801)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-GAAP adjustments | 26137 | 22082 | 101401 | 71422 |
| **Non-GAAP Operating loss** | $**(24905)** | $**(29467)** | $**(127437)** | $**(118379)** |
| **GAAP Total other income (expense), net** | $**9398** | $**(121)** | $**2941** | $**390** |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on foreign exchange | 228 | (378) | 463 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on disposal of assets | 257 | (472) | 2613 | (2828) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | 5926 |  | 5926 | 1330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration | (10624) |  | (10624) |  |
| **Non-GAAP Total other income (expense), net** | $**5185** | $**(971)** | $**1319** | $**(1021)** |

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