Rocket Lab (RKLB) Operating Expenses (2020 - 2026)
Rocket Lab (RKLB) posted quarterly Operating Expenses of $132.5 million for Q1 2026, up 40.27% year-over-year from $94.4 million in Q1 2025, and up 11.06% quarter-over-quarter from $119.3 million in Q4 2025.
Rocket Lab (RKLB) Operating Expenses (2020 - 2026) Analysis & Trends
Rocket Lab's Operating Expenses history runs 7 years deep, the most recent figure standing at $132.5 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 40.27% year-over-year to $132.5 million; the TTM figure through Mar 2026 stood at $474.0 million (up 42.3% YoY), while the FY2025 annual figure was $436.0 million, up 42.51% from the prior year.
- Operating Expenses for Q1 2026 stood at $132.5 million, up from $119.3 million in the prior quarter.
- The five-year high for Operating Expenses was $132.5 million in Q1 2026, with the low at $36.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $67.3 million (2024), against an average of $74.0 million.
- Peak annual rise in Operating Expenses reached 166.79% in 2022, while the deepest fall reached 1.57% in 2022.
- Rocket Lab's Operating Expenses stood at $39.1 million in 2022, then soared by 62.28% to $63.4 million in 2023, then surged by 39.43% to $88.4 million in 2024, then surged by 34.98% to $119.3 million in 2025, then rose by 11.06% to $132.5 million in 2026.
- Business Quant data shows RKLB's Operating Expenses at $132.5 million in Q1 2026, $119.3 million in Q4 2025, and $116.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 364.69 Bn | 355.34 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 284.99 Bn | 276.69 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 169.02 Bn | 149.00 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 130.38 Bn | 126.59 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.48 Bn | 107.92 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 103.73 Bn | 99.40 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 78.59 Bn | 76.29 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 69.16 Bn | 66.39 Bn | 1.63 Bn | 332.00 Mn |
| 9 | Axon Enterprise | 50.88 Bn | 50.21 Bn | 546.45 Mn | 499.67 Mn |
| 10 | Rocket Lab | 45.92 Bn | 43.61 Bn | 84.58 Mn | 142.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 142.09 Mn |
| Mar 31, 2026 | 132.46 Mn |
| Dec 31, 2025 | 119.27 Mn |
| Sep 30, 2025 | 116.28 Mn |
| Jun 30, 2025 | 106.03 Mn |
| Mar 31, 2025 | 94.44 Mn |
| Dec 31, 2024 | 88.37 Mn |
| Sep 30, 2024 | 79.90 Mn |
| Jun 30, 2024 | 70.44 Mn |
| Mar 31, 2024 | 67.25 Mn |
| Dec 31, 2023 | 63.38 Mn |
| Sep 30, 2023 | 53.83 Mn |
| Jun 30, 2023 | 59.75 Mn |
| Mar 31, 2023 | 52.37 Mn |
| Dec 31, 2022 | 39.05 Mn |
| Sep 30, 2022 | 40.47 Mn |
| Jun 30, 2022 | 38.12 Mn |
| Mar 31, 2022 | 36.56 Mn |
| Dec 31, 2021 | 31.02 Mn |
| Sep 30, 2021 | 39.84 Mn |