"Rocket Lab operates from launch through spacecraft production and now communications hardware, achieving $199 million in launch services revenue in 2025 with rising average revenue per launch."
"Gross margins expanded to a record 38% GAAP in the fourth quarter, up 780 basis points year-over-year, demonstrating the benefits of vertical control in scaling operations."
"The company posted record full-year 2025 revenue of $602 million, up 38% from the year prior, with Q4 revenue reaching $180 million, exceeding consensus estimates."
"Rocket Lab's backlog expanded 73% to $1.85 billion, with about 37% expected to convert to revenue in the next 12 months, providing significant visibility."
Rocket Lab operates across the entire space value chain, from launch to spacecraft production and communications hardware. The company achieved $199 million in launch services revenue in 2025, with average revenue per launch increasing. Gross margins reached a record 38% in Q4, driven by vertical integration. Full-year 2025 revenue was $602 million, a 38% increase, with a backlog of $1.85 billion. Rocket Lab's recent acquisition of Mynaric enhances its capabilities in laser optical communications.
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