RKLB Q3 2025 Earnings
Reported Nov 10, 2025 at 4:18 PM ET · SEC Source
Q3 25 EPS
$-0.03
BEAT +71.29%
Est. $-0.10
Q3 25 Revenue
$155.1M
BEAT +2.22%
Est. $151.7M
vs S&P Since Q3 25
+36.1%
BEATING MARKET
RKLB +41.6% vs S&P +5.5%
Market Reaction
Did RKLB Beat Earnings? Q3 2025 Results
Rocket Lab delivered a standout third quarter for fiscal 2025, posting record revenue of $155.08 million, up 48% year over year, while reporting a loss per share of just $-0.03, well ahead of the consensus estimate of $-0.10, marking a 71.29% EPS bea… Read more Rocket Lab delivered a standout third quarter for fiscal 2025, posting record revenue of $155.08 million, up 48% year over year, while reporting a loss per share of just $-0.03, well ahead of the consensus estimate of $-0.10, marking a 71.29% EPS beat. The stronger-than-expected results were driven by a powerful combination of launch momentum and expanding space systems demand, with service revenues doubling to $51.04 million and product revenues climbing to $104.04 million. The company's GAAP gross margin reached a record 37%, helping narrow the net loss to $18.26 million from $51.94 million a year earlier. Strategically, the quarter was shaped by the $325 million acquisition of sensor maker Geost, which deepens Rocket Lab's end-to-end capabilities across launch, spacecraft, and payloads. With over $1 billion in liquidity and Q4 guidance calling for revenue of $170 million to $180 million, Rocket Lab appears well-positioned to extend its revenue momentum as Neutron development accelerates toward a Q1 2026 arrival at Launch Complex 3.
Key Takeaways
- • Record 17 dedicated Electron launch contracts secured in Q3 2025
- • 48% year-over-year revenue growth to record $155 million
- • Record GAAP gross margin of 37% and non-GAAP gross margin of 41.9%
- • Service revenues doubled year-over-year to $51 million
- • Net loss narrowed significantly from $51.9 million to $18.3 million year-over-year
RKLB YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RKLB Revenue by Segment
With YoY comparisons, source: SEC Filings
“This past quarter we've once again delivered record revenue of $155m at record GAAP gross margin of 37%, and a new annual launch record is just days away. With progress across our major space systems programs, record backlog of contracts for our launch services business, and well-timed, strategic M&A in growth areas that are well-aligned with next-generation defense programs like Golden Dome and the Space Development Agency's future constellations, our momentum is strong and we're poised to deliver long-term exciting growth.”
— Peter Beck, Q3 2025 Earnings Press Release
RKLB Earnings Trends
RKLB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RKLB EPS Trend
Earnings per share: estimate vs actual
RKLB Revenue Trend
Quarterly revenue: estimate vs actual
RKLB Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $-0.10 | $-0.09 | +8.16% | $179.7M | — |
| FY Full Year | $-0.39 | $-0.37 | +4.93% | $601.8M | +0.28% |
| Q3 25 BEAT | $-0.10 | $-0.03 | +71.29% | $155.1M | +2.22% |
| Q2 25 MISS | $-0.08 | $-0.13 | -69.71% | $144.5M | +6.71% |
| Q1 25 | — | $-0.12 | — | $122.6M | — |