Rocket Lab Q1 FY26 net loss narrows to $45.02 million; revenue rises 63.5% to $200.3 million

Rocket Lab

Rocket Lab

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  • Rocket Lab posted first-quarter revenue of $200.3 million, up 63.5% year over year, while net loss narrowed to $45.02 million.
  • GAAP gross margin widened to 38.2%, while operating loss improved to $55.97 million.
  • Backlog climbed 20.2% quarter over quarter to $2.2 billion, while cash and cash equivalents rose to $1.21 billion.
  • Quarter included 31 new Electron and HASTE contracts, five dedicated Neutron launches, completion of Mynaric acquisition, agreement to buy Motiv Space Systems.
  • Second-quarter outlook calls for revenue of $225 million-$240 million, GAAP gross margin of 33%-35%, adjusted EBITDA loss of $20 million-$26 million.


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