$RKLB · Rocket Lab Corp
Rocket Lab filed its 10-Q for the quarter ended September 30, 2026. Revenue grew 73% YoY to $267.8M, driven by space systems (+88% to $214.8M) and launch services (+30% to $53.1M). Gross margin fell to 33.6% from 37.0%, and net loss widened to $79.7M from $18.3M, partly due to a $27.3M loss on extinguishment of debt tied to the Iridium Transaction bridge loan. Cash and equivalents surged to $4.45B from $828.7M at year-end 2025.
- Revenue rose 73% YoY to $267.8M in Q3 FY2026.
- Net loss widened to $79.7M from $18.3M a year earlier.
- Gross margin fell to 33.6% from 37.0%.
- A $27.3M loss on extinguishment of debt hit the quarter.
- Cash and equivalents jumped to $4.45B from $828.7M at year-end 2025.
Extended-hours trading shows the stock at $55.57, down 5.59% from the $58.86 regular close, suggesting investors are weighing the wider net loss against strong revenue growth.
Rocket Lab's accelerating revenue growth is offset by a widening net loss and a debt-extinguishment charge, testing whether its scale-up can reach profitability.
Rocket Lab's 73% revenue growth and expanding space systems segment contrast with its persistent operating losses, a common profile among high-growth space and launch peers.
The filing flags risks around Neutron development delays, Electron launch cadence, Iridium Transaction integration, and dependence on key customers and government funding.