Rocket Lab (RKLB) Free Cash Flow (2020 - 2026)

Rocket Lab (RKLB) posted quarterly Free Cash Flow of -$71.5 million for Q1 2026, up 13.8% year-over-year from -$62.8 million in Q1 2025, and up 37.42% on a QoQ basis from -$114.2 million in Q4 2025.

Rocket Lab (RKLB) Free Cash Flow (2020 - 2026) Analysis & Trends

Rocket Lab (RKLB) has reported Free Cash Flow for 7 consecutive years, with -$71.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Free Cash Flow rose 13.8% year-over-year to -$71.5 million; the TTM figure through Mar 2026 stood at -$310.4 million (down 75.23% YoY), while the FY2025 annual figure was -$321.8 million, down 177.46% from the prior year.
  • Free Cash Flow came in at -$71.5 million for Q1 2026 at Rocket Lab, up from -$114.2 million in the prior quarter.
  • The five-year high for Free Cash Flow was -$16.6 million in Q2 2023, with the low at -$114.2 million in Q4 2025.
  • Average Free Cash Flow over 5 years is -$47.8 million, with a median of -$41.9 million recorded in 2024.
  • Across the five-year window, Free Cash Flow jumped 67.43% in 2023 and slumped 376.94% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at -$33.9 million in 2022, then sank by 55.08% to -$52.6 million in 2023, then surged by 54.51% to -$23.9 million in 2024, then plunged by 376.94% to -$114.2 million in 2025, then jumped by 37.42% to -$71.5 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$71.5 million, -$114.2 million, and -$69.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn -1.45 Bn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 1.31 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 1.95 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -291.00 Mn
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 359.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 64.00 Mn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn -1.82 Bn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -71.46 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn -194.00 Mn
10 Heico 50.20 Bn 50.07 Bn 569.53 Mn 273.92 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -71.46 Mn
Mar 31, 2026 -71.46 Mn
Dec 31, 2025 -114.19 Mn
Dec 31, 2025 -114.19 Mn
Sep 30, 2025 -69.44 Mn
Sep 30, 2025 -69.44 Mn
Jun 30, 2025 -55.28 Mn
Jun 30, 2025 -55.28 Mn
Mar 31, 2025 -82.90 Mn
Mar 31, 2025 -82.90 Mn
Dec 31, 2024 -23.94 Mn
Dec 31, 2024 -23.94 Mn
Sep 30, 2024 -41.93 Mn
Sep 30, 2024 -41.93 Mn
Jun 30, 2024 -28.34 Mn
Jun 30, 2024 -28.34 Mn
Mar 31, 2024 -21.77 Mn
Mar 31, 2024 -21.77 Mn
Dec 31, 2023 -52.63 Mn
Dec 31, 2023 -52.63 Mn