Filing Flows › Rocket Lab (RKLB) › Q1 2026 › vs Q4 2025
Rocket Lab (RKLB) Q1 2026 vs Q4 2025 (quarter over quarter)
Rocket Lab's revenue rose $20.7M (+12%) from $180M in Q4 2025 to $200M in Q1 2026. The biggest changes: Product revenues +$33.4M (+36%); Service revenues −$12.7M (-15%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Product revenues | $127M | $94.0M | $33.4M | +36% |
| Service revenues | $72.9M | $85.6M | −$12.7M | -15% |
| Revenue | $200M | $180M | $20.7M | +12% |
| Other income, net | $9.2M | $9.4M | −$243K | -3% |
| Income tax benefit | $1.8M | −$11.3M | $13.1M | — |
| Net loss | $45.0M | $52.9M | −$7.9M | -15% |
| Costs & expenses | $256M | $242M | $14.3M | +6% |
| Operating costs | $256M | $231M | $25.6M | +11% |
| Cost of revenue | $124M | $111M | $12.4M | +11% |
| Research & development | $80.5M | $78.8M | $1.7M | +2% |
| SG&A | $51.9M | $40.5M | $11.5M | +28% |
| Operating cash sources | $93.4M | $97.5M | −$4.0M | -4% |
| Depreciation & amortization | $15.0M | $14.7M | $246K | +2% |
| Share-based compensation | $28.1M | $18.2M | $9.9M | +54% |
| Cash used in operations | $50.3M | $64.5M | −$14.2M | -22% |
| Net loss absorbed | $45.0M | $52.9M | −$7.9M | -15% |
| Working capital & other | $48.4M | $44.6M | $3.9M | +9% |
Questions
How much did Rocket Lab's revenue grow quarter over quarter in Q1 2026?
Rocket Lab's revenue rose $20.7M (+12%) from $180M in Q4 2025 to $200M in Q1 2026.
What drove Rocket Lab's revenue change in Q1 2026?
Product revenues +$33.4M (+36%); Service revenues −$12.7M (-15%).