Rocket Lab annual free cash flow
2020
2021
2022
2023
2024
2025
Rocket Lab Free Cash Flow (FCF) History (RKLB)
Rocket Lab reported −$321.8M in free cash flow for fiscal 2025, a decrease of $205.8M from the previous fiscal year, with a free cash flow margin of −53.47%.
View full Rocket Lab company overviewRocket Lab free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$321.8M | −$205.8M | — | −53.47% |
| 2024 | 2024-12-31 | −$116.0M | $37.6M | — | −26.59% |
| 2023 | 2023-12-31 | −$153.6M | −$4.6M | — | −62.79% |
| 2022 | 2022-12-31 | −$148.9M | −$51.5M | — | −70.59% |
| 2021 | 2021-12-31 | −$97.5M | −$44.6M | — | −156.64% |
| 2020 | 2020-12-31 | −$52.9M | — | — | −150.39% |
Rocket Lab quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$110.1M | −$54.8M | — | −47.05% |
| Q1 2026 | 2026-03-31 | −$77.4M | $5.5M | — | −38.63% |
| Q4 2025 | 2025-12-31 | −$114.2M | −$90.2M | — | −63.56% |
| Q3 2025 | 2025-09-30 | −$69.4M | −$27.5M | — | −44.77% |
| Q2 2025 | 2025-06-30 | −$55.3M | −$26.9M | — | −38.26% |
| Q1 2025 | 2025-03-31 | −$82.9M | −$61.1M | — | −67.64% |
| Q4 2024 | 2024-12-31 | −$23.9M | $28.7M | — | −18.08% |
| Q3 2024 | 2024-09-30 | −$41.9M | $4.3M | — | −40.01% |
| Q2 2024 | 2024-06-30 | −$28.3M | −$11.7M | — | −26.68% |
| Q1 2024 | 2024-03-31 | −$21.8M | $16.3M | — | −23.46% |
| Q4 2023 | 2023-12-31 | −$52.6M | −$18.7M | — | −87.73% |
| Q3 2023 | 2023-09-30 | −$46.2M | −$14.9M | — | −68.35% |
| Q2 2023 | 2023-06-30 | −$16.6M | $34.4M | — | −26.81% |
| Q1 2023 | 2023-03-31 | −$38.1M | −$5.5M | — | −69.33% |
| Q4 2022 | 2022-12-31 | −$33.9M | $2.2M | — | −65.57% |
| Q3 2022 | 2022-09-30 | −$31.3M | −$12.3M | — | −49.71% |
| Q2 2022 | 2022-06-30 | −$51.1M | −$28.3M | — | −92.09% |
| Q1 2022 | 2022-03-31 | −$32.6M | −$13.1M | — | −80.05% |
| Q4 2021 | 2021-12-31 | −$36.2M | — | — | −131.62% |
| Q3 2021 | 2021-09-30 | −$19.0M | — | — | −360.19% |
| Q2 2021 | 2021-06-30 | −$22.8M | — | — | −201.74% |
| Q1 2021 | 2021-03-31 | −$19.5M | — | — | −107.33% |
Rocket Lab free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$52.9M to −$321.8M, a net decrease of $268.9M. Rocket Lab's latest reported quarter, Q2 2026, generated −$110.1M in free cash flow, a decrease of $54.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Rocket Lab filings at SEC.gov ↗