Filing Flows › Rocket Lab (RKLB) › Q1 2026 › vs Q1 2025
Rocket Lab (RKLB) Q1 2026 vs Q1 2025 (year over year)
Rocket Lab's revenue rose $77.8M (+63%) from $123M in Q1 2025 to $200M in Q1 2026. The biggest changes: Product revenues +$46.7M (+58%); Service revenues +$31.1M (+74%).
Rocket Lab, Q1 2026: revenue $200M (+64% year over year), operating margin -27.9%, net loss $45.0M, operating cash flow −$50.3M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Product revenues | $127M | $80.8M | $46.7M | +58% |
| Service revenues | $72.9M | $41.8M | $31.1M | +74% |
| Revenue | $200M | $123M | $77.8M | +63% |
| Other income, net | $9.2M | −$2.2M | $11.4M | — |
| Income tax benefit | $1.8M | $813K | $979K | +120% |
| Net loss | $45.0M | $60.6M | −$15.6M | -26% |
| Costs & expenses | $256M | $184M | $72.3M | +39% |
| Operating costs | $256M | $182M | $74.6M | +41% |
| Cost of revenue | $124M | $87.3M | $36.5M | +42% |
| Research & development | $80.5M | $55.1M | $25.4M | +46% |
| SG&A | $51.9M | $39.3M | $12.6M | +32% |
| Operating cash sources | $93.4M | $82.2M | $11.3M | +14% |
| Depreciation & amortization | $15.0M | $8.7M | $6.3M | +72% |
| Share-based compensation | $28.1M | $19.2M | $8.9M | +46% |
| Cash used in operations | $50.3M | $54.2M | −$3.9M | -7% |
| Net loss absorbed | $45.0M | $60.6M | −$15.6M | -26% |
| Working capital & other | $48.4M | $21.6M | $26.9M | +125% |
Questions
How much did Rocket Lab's revenue grow year over year in Q1 2026?
Rocket Lab's revenue rose $77.8M (+63%) from $123M in Q1 2025 to $200M in Q1 2026.
What drove Rocket Lab's revenue change in Q1 2026?
Product revenues +$46.7M (+58%); Service revenues +$31.1M (+74%).