Discretionary sale exceeding $1M without 10b5-1 plan designation.
Metric: $4.94M
4 4 2026-06-05
Intelligence Hub
Market analytics and operational performance indicators
Last Updated: 22 minutes ago
SEC Filings Sync: 8 hours ago
Financial Intelligence 22 filings parsed14 quarterly periods chartedQ1'26
Revenue quality, margin profile, and cash discipline
This surface condenses Rocket Lab SEC disclosures into the metrics that matter most for operating leverage: revenue conversion, gross margin shape, cash position, and surfaced risk signals.
Jump to analysis
Q1'26 revenue
$200.3M
vs Q3'25 (10-Q)
Gross margin
38.2%
+1.2pp (+3.2%) QoQ
Cash position
$1,205.5M
+$397.5M (+49.2%) QoQ
Risk timeline
68
Flagged filing periods mapped
What to read next
How to use this page
Revenue moved +$45.2M (+29.1%) QoQ versus Q3'25.
Read the filing table for period detail, then use the risk timeline to see when disclosure-driven pressure clusters appeared.
Latest filing snapshot
The most recent authoritative filing is compared against the prior filing of the same type.
Q1'26 Revenue
$200.3M
10-Q · Reported 2026-05-07
+$45.2M (+29.1%) QoQ
Gross Margin
38.2%
From 10-Q filing
+1.2pp (+3.2%) QoQ
Cash Position
$1,205.5M
Cash & equivalents
+ marketable securities = $1,476.8M total liquidity
+$397.5M (+49.2%) QoQ
Quarterly operating trends
Like-for-like 10-Q periods only, so annual filings and preliminary 8-K releases do not distort the trend line.
Revenue conversion
Quarterly sales reported in SEC filings.
Latest
$200.3M
+$45.2M (+29.1%) QoQ
Gross margin shape
Tracks mix, execution, and launch cadence pressure.
Latest
38.2%
+1.2pp (+3.2%) QoQ
Cash runway
Cash and equivalents at period end.
Latest
$1,205.5M
+$397.5M (+49.2%) QoQ
SEC filing evidence
Each row links to the RKLB.FYI brief and the exact SEC filing behind the extracted metrics.
| Source | |||||
|---|---|---|---|---|---|
Q1'26 Filed 2026-05-07 | 10-Q | $200.3M | 38.2% | $1,205.5M | |
FY'25 Filed 2026-02-26 | 10-K | $601.8M | 34.4% | $1,098.8M | |
Q3'25 Filed 2025-11-10 | 10-Q | $155.1M | 37% | $808M | |
Q2'25 Filed 2025-08-07 | 10-Q | $144.5M | 32.1% | $564.1M |
Q1'26 Filed 2026-05-07
10-Q Quarterly
Revenue
$200.3M
Gross Margin 38.2%
Cash Position $1,205.5M
FY'25 Filed 2026-02-26
10-K Annual
Revenue
$601.8M
Gross Margin 34.4%
Cash Position $1,098.8M
Q3'25 Filed 2025-11-10
10-Q Quarterly
Revenue
$155.1M
Gross Margin 37%
Cash Position $808M
Management Guidance
Forward-looking targets stated by Rocket Lab management in SEC disclosures (earnings press releases and 10-Q/10-K management discussion), extracted automatically with the verbatim quote preserved. Every figure is a management projection — not an analyst estimate, not an RKLB.FYI forecast, and not a guarantee of future results.
Q1'26 Gross margin 39% – 41% Mgmt projection
“Non-GAAP Gross Margins between 39% and 41%.”
Q1'26 Opex $106M – $112M Mgmt projection
“Non-GAAP Operating Expenses between $106 million and $112 million.”
Q1'26 Other $16M – $18M Mgmt projection
“Stock-based compensation is currently expected to range from $16 million to $18 million in Q1 2026.”
Q1'26 Revenue $185M – $200M Mgmt projection
“Revenue between $185 million and $200 million.”
FY'25 Launches 20 Mgmt projection
“remains on track to close out the year with 20+ launches.”
Q4'25 Gross margin 43% – 45% Mgmt projection
“Non-GAAP Gross Margins between 43% and 45%.”
Q4'25 Opex $107M – $113M Mgmt projection
“Non-GAAP Operating Expenses between $107 million and $113 million.”
Q4'25 Other $15M – $17M Mgmt projection
“Stock-based compensation is currently expected to range from $15 million to $17 million in Q4 2025.”
Q4'25 Revenue $170M – $180M Mgmt projection
“Revenue between $170 million and $180 million.”
Q3'25 Gross margin 35% – 37% Mgmt projection
“GAAP Gross Margins between 35% and 37%.”
Q3'25 Opex $104M – $109M Mgmt projection
“GAAP Operating Expenses between $104 million and $109 million.”
Q3'25 Other $16M – $17M Mgmt projection
“Stock-based compensation is currently expected to range from $16 million to $17 million in Q3 2025.”
Q3'25 Revenue $145M – $155M Mgmt projection
“Revenue between $145 million and $155 million.”
Q1'25 Gross margin 30% – 32% Mgmt projection
“Non-GAAP Gross Margins between 30% and 32%.”
Q1'25 Opex $77M – $79M Mgmt projection
“Non-GAAP Operating Expenses between $77 million and $79 million.”
Q1'25 Other $16M – $18M Mgmt projection
“Stock-based compensation is currently expected to range from $16 million to $18 million in Q1 2025.”
Q1'25 Revenue $117M – $123M Mgmt projection
“Revenue between $117 million and $123 million.”
Q4'24 Gross margin 32% – 34% Mgmt projection
“Non-GAAP Gross Margins between 32% and 34%.”
Q4'24 Opex $75M – $77M Mgmt projection
“Non-GAAP Operating Expenses between $75 million and $77 million.”
Q4'24 Other $12M – $14M Mgmt projection
“Stock-based compensation is currently expected to range from $12 million to $14 million in Q4 2024.”
Q4'24 Revenue $125M – $135M Mgmt projection
“Revenue between $125 million and $135 million.”
Q3'24 Gross margin 30% – 32% Mgmt projection
“Non-GAAP Gross Margins between 30% and 32%.”
Q3'24 Opex $69M – $71M Mgmt projection
“Non-GAAP Operating Expenses between $69 million and $71 million.”
Q3'24 Other $12M – $14M Mgmt projection
“Stock-based compensation is currently expected to range from $12 million to $14 million in Q3 2024.”
Q3'24 Revenue $21M Mgmt projection
“Launch Services revenue of approximately $21 million.”
Q2'24 Gross margin 30% – 32% Mgmt projection
“Non-GAAP Gross Margins between 30% and 32%.”
Q2'24 Opex $62M – $64M Mgmt projection
“Non-GAAP Operating Expenses between $62 million and $64 million.”
Q2'24 Other $14M – $15M Mgmt projection
“Stock-based compensation is currently expected to range from $14 million to $15 million in Q2 2024.”
Q2'24 Revenue $28M – $29M Mgmt projection
“Launch Services revenue between $28 million and $29 million.”
Q1'24 Gross margin 24% – 26% Mgmt projection
“GAAP Gross Margins between 24% and 26%.”
Q1'24 Opex $73M – $75M Mgmt projection
“GAAP Operating Expenses between $73 million and $75 million.”
Q1'24 Other $12M – $13M Mgmt projection
“Stock-based compensation is currently expected to range from $12 million to $13 million in Q1 2024.”
Q1'24 Revenue $92M – $98M Mgmt projection
“Revenue between $92 million and $98 million.”
Q3'23 Gross margin 28% – 30% Mgmt projection
“Non-GAAP Gross Margins between 28% to 30%.”
Q3'23 Opex $38M – $40M Mgmt projection
“Non-GAAP Operating Expenses between $38 million to $40 million.”
Q3'23 Other $13M – $14M Mgmt projection
“Stock-based compensation is currently expected to range from $13 million to $14 million in Q3 2023.”
Q3'23 Revenue $73M – $77M Mgmt projection
“Revenue between $73 million and $77 million.”
Q2'23 Gross margin 22% – 24% Mgmt projection
“Non-GAAP Gross Margins between 22% to 24%.”
Q2'23 Opex $41M – $43M Mgmt projection
“Non-GAAP Operating Expenses between $41 million to $43 million.”
Q2'23 Other $14M – $15M Mgmt projection
“Stock-based compensation is currently expected to range from $14 million to $15 million in Q2 2023.”
Q2'23 Revenue $37M – $40M Mgmt projection
“Space Systems revenue of between $37 million to $40 million.”
Q1'23 Gross margin -5% – -3% Mgmt projection
“GAAP Gross Margins between -5% to -3%.”
Q1'23 Opex $44M – $46M Mgmt projection
“GAAP Operating Expenses between $44 million to $46 million.”
Q1'23 Other $12M – $13M Mgmt projection
“Stock-based compensation is currently expected to range from $12 million to $13 million in Q1 2023.”
Q1'23 Revenue $51M – $54M Mgmt projection
“Revenue between $51 million and $54 million.”
Q4'22 Gross margin 16% – 18% Mgmt projection
“Non-GAAP Gross Margins between 16% to 18%”
Q4'22 Opex $28M – $30M Mgmt projection
“Non-GAAP Operating Expenses $28 million to $30 million”
Q4'22 Other 474 Mgmt projection
“Basic Shares Outstanding 474 million”
Q4'22 Revenue $34M – $37M Mgmt projection
“Space Systems revenue of between $34 million to $37 million”
Q3'22 Gross margin 12% – 15% Mgmt projection
“GAAP Gross Margins between 12% to 15%”
Q3'22 Opex $41M – $43M Mgmt projection
“GAAP Operating Expenses $41 million to $43 million”
Q3'22 Other 471 Mgmt projection
“Basic Shares Outstanding 471 million”
Q3'22 Revenue $37M – $40M Mgmt projection
“Space Systems revenue of between $37 million to $40 million”
Q2'22 Gross margin 11% – 13% Mgmt projection
“GAAP Gross Margins between 11% to 13%”
Q2'22 Opex $39M – $41M Mgmt projection
“GAAP Operating Expenses $39 to $41 million”
Q2'22 Other 464 Mgmt projection
“Basic Shares Outstanding 464 million”
Q2'22 Revenue $51M – $54M Mgmt projection
“Revenue between $51 and $54 million”
Q4'21 Gross margin 13% Mgmt projection
“Expect GAAP gross margins of 13%”
Q4'21 Launches 2 Mgmt projection
“we are currently only planning for two launches in Q4”
Q4'21 Opex $19M – $21M Mgmt projection
“Expect Non-GAAP operating expenses to range between $19 million and $21 million”
Q4'21 Other $24M – $26M Mgmt projection
“GAAP Net Loss between $24 million and $26 million”
Q4'21 Revenue $23M – $25M Mgmt projection
“Expect Q4 revenue to range between $23 million and $25 million. This does not include any contribution from Planetary Space Corporation as the deal has not closed.”
FY'21 Revenue $50M – $54M Mgmt projection
“Expect FY 2021 Revenue of $50 million to $54 million, with an estimated New Zealand COVID-19 shutdown impact of $10 million to $15 million.”
Q3'21 Gross margin -221% Mgmt projection
“Expect GAAP gross margins of -221%, significantly impacted by unabsorbed production period costs related to COVID-19 production shutdown in New Zealand and return-to-flight remediations for the July 29, 2021 US Space Force Mission.”
Q3'21 Opex $41M – $43M Mgmt projection
“Expect GAAP Operating Expenses of $41 million to $43 million impacted by stock based compensation expenses related to a one-time catch-up in vesting of performance restricted stock units now deemed 'probable' to be earned as a result of the August 25, 2021 deSPAC.”
Q3'21 Other $-20M – $-17M Mgmt projection
“Q3 Adjusted EBITDA loss of $17 million to $20 million, which reflects adjustments for stock-based compensation, depreciation and amortization, FX gains or losses, Interest Expense, Warrant expense, Taxes and other non-recurring items.”
Q3'21 Revenue $4M – $5M Mgmt projection
“Expect Q3 Revenue of approximately $4 million to $5 million, which has been impacted by the COVID-19 Level-4 Alert and lockdown in New Zealand after a Delta variant outbreak, resulting in no further launch activity planned in the quarter.”
Risk Signal Timeline
Risk signals from SEC filings
Use the heatmap first. Then open the evidence list.
68 periods 69 signals 6 high
Dominant risk
Restatement
2 signals · 2 high severity
Latest signal
Insider Selling
4 · 4 · 2026-06-05
How to use
Click a cell or chip to filter. Brief opens analysis. Form opens the SEC source.
Risk Heatmap
Medium High
Signal Type
May 27
'26 · 144
May 27
'26 · 144
May 28
'26 · 144
May 28
'26 · 144
May 28
'26 · 144
May 29
'26 · 144
Jun 1
'26 · 4
Jun 5
'26 · 4
Evidence List
Showing 8 of 69 · All signals
Discretionary sale exceeding $1M.
Metric: $8,964,092
4 4 2026-06-01
Director Alexander R. Slusky is executing a second sale of 100,000 shares within a single month (following a sale on May 12, 2026).
144 144 2026-05-29
Officer Arjun Kampani is engaging in regular sales of common stock, with multiple significant transactions recorded in March and May 2026.
144 144 2026-05-28
Officer Frank Klein has conducted multiple significant sales of common stock over the past three months, including a sale of 44,390 shares on 05/26/2026.
144 144 2026-05-28
Officer Marvin Bradford Clevenger has engaged in multiple sales within a short period, including 14,622 shares and 927 shares on May 22, 2026, followed by this current proposal.
144 144 2026-05-28
Executive Arjun Kampani is proposing a sale of 60,900 shares and has completed multiple sales within the last three months.
144 144 2026-05-27
Officer Arjun Kampani has filed a notice to sell 9,100 shares; he also completed two larger sales in March 2026 totaling over 52,000 shares.
144 144 2026-05-27
Methodology
Extraction
Financial data is extracted automatically from Rocket Lab SEC filings including 10-K, 10-Q, and preliminary 8-K reports. Management guidance rows quote forward-looking statements verbatim and are always labeled as management projections.
Comparability
Trend charts use quarterly 10-Q data only, keeping annual filings and preliminary releases out of the like-for-like series.
Source Trail
Brief links open the RKLB.FYI analysis. Form links open the SEC filing used as the source record.