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How Rocket Lab (RKLB) makes money

Rocket Lab (RKLB) made $234M of revenue in the second quarter 2026 (Q2 2026), +62% from a year earlier. Product revenues brought in $181M (77%); Service revenues brought in $52.7M (23%).

Drawing the Sankey…

Rocket Lab revenue by segment, Q2 2026Rocket Lab revenue by segment, Q2 2026Product revenues$181MService revenues$52.7M
Rocket Lab: revenue by line, Q1 2025 to Q2 2026Rocket Lab: revenue by line, Q1 2025 to Q2 2026Product revenuesService revenuesProduct revenues: $181M latest$181MService revenues: $52.7M latest$52.7MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Product revenues went from 66% of revenue in Q1 2025 to 77% in Q2 2026, the largest shift in the mix.
Rocket Lab revenue by quarterRocket Lab revenue by quarter$132MQ4 2024$123MQ1 2025$144MQ2 2025$155MQ3 2025$180MQ4 2025$200MQ1 2026$234MQ2 2026
Rocket Lab: where each dollar of revenue goesRocket Lab: where each dollar of revenue goesIncome tax2¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product revenues$181M77.5%+42%+96%
Service revenues$52.7M22.5%-28%+2%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$234M100.0%
Income tax$5.3M2.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$234M+62%
Q1 2026$200M+64%
Q4 2025$180M+36%
Q3 2025$155M+48%
Q2 2025$144M+36%
Q1 2025$123M+32%
Q4 2024$132M+121%

From Rocket Lab's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Rocket Lab make money?

Rocket Lab (RKLB) made $234M of revenue in the second quarter 2026 (Q2 2026), +62% from a year earlier. Product revenues brought in $181M (77%); Service revenues brought in $52.7M (23%).

What is Rocket Lab's biggest business?

Product revenues: $181M in the second quarter 2026, 77% of revenue, +96% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.