$RKLB
Rocket Lab USA, Inc.

2023 Q2 Form 10-Q Financial Statement

#000095017023019756 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $62.05M $54.90M $40.70M
YoY Change 11.85% 34.87% 123.74%
Cost Of Revenue $47.45M $48.54M $36.97M
YoY Change -6.07% 31.3% 120.3%
Gross Profit $14.59M $6.357M $3.735M
YoY Change 194.33% 70.2% 164.71%
Gross Profit Margin 23.52% 11.58% 9.18%
Selling, General & Admin $28.72M $28.47M $23.08M
YoY Change 51.52% 23.36% 248.4%
% of Gross Profit 196.79% 447.84% 617.88%
Research & Development $31.04M $23.91M $13.48M
YoY Change 61.94% 77.38% 90.41%
% of Gross Profit 212.67% 376.04% 360.83%
Depreciation & Amortization $3.357M $3.558M $3.093M
YoY Change -19.38% 15.03% 76.04%
% of Gross Profit 23.0% 55.97% 82.81%
Operating Expenses $59.75M $52.37M $36.56M
YoY Change 56.76% 43.27% 166.79%
Operating Profit -$45.16M -$46.02M -$32.82M
YoY Change 36.19% 40.21% 167.02%
Interest Expense -$745.0K -$685.0K -$2.989M
YoY Change -69.37% -77.08% 2253.54%
% of Operating Profit
Other Income/Expense, Net $31.00K $926.0K $10.50M
YoY Change -100.49% -91.18% -415.57%
Pretax Income -$45.13M -$45.09M -$22.32M
YoY Change 14.28% 102.01% 42.92%
Income Tax $761.0K $526.0K $4.388M
% Of Pretax Income
Net Earnings -$45.89M -$45.62M -$26.71M
YoY Change 22.64% 70.79% 68.17%
Net Earnings / Revenue -73.96% -83.1% -65.62%
Basic Earnings Per Share -$0.10 -$0.10 -$0.06
Diluted Earnings Per Share -$0.10 -$0.10 -$58.51K
COMMON SHARES
Basic Shares Outstanding 478.7M 477.6M 464.8M
Diluted Shares Outstanding 479.7M 476.2M 456.5M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $415.1M $446.6M $603.1M
YoY Change -23.48% -25.95% 1662.14%
Cash & Equivalents $197.2M $208.4M $603.1M
Short-Term Investments $218.0M $238.3M
Other Short-Term Assets $5.321M $6.157M $4.766M
YoY Change -23.99% 29.19% -41.33%
Inventory $102.2M $98.45M $77.89M
Prepaid Expenses $47.65M $46.30M $17.91M
Receivables $25.18M $50.69M $32.99M
Other Receivables $10.55M $10.75M $3.635M
Total Short-Term Assets $560.2M $635.3M $746.2M
YoY Change -20.7% -14.87% 924.6%
LONG-TERM ASSETS
Property, Plant & Equipment $120.0M $95.98M $99.55M
YoY Change 23.68% -3.59% 30.57%
Goodwill $71.02M $71.02M $58.77M
YoY Change 21.86% 20.85%
Intangibles $73.31M $76.50M $87.62M
YoY Change -13.25% -12.69%
Long-Term Investments $73.94M $47.92M
YoY Change
Other Assets $12.89M $7.102M $3.990M
YoY Change 382.92% 77.99% -21.19%
Total Long-Term Assets $421.3M $355.7M $311.3M
YoY Change 41.21% 14.25% 225.49%
TOTAL ASSETS
Total Short-Term Assets $560.2M $635.3M $746.2M
Total Long-Term Assets $421.3M $355.7M $311.3M
Total Assets $981.5M $990.9M $1.057B
YoY Change -2.31% -6.3% 527.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.87M $22.85M $15.11M
YoY Change 82.73% 51.28% 271.25%
Accrued Expenses $6.492M $8.678M $17.05M
YoY Change -43.39% -49.11% 155.1%
Deferred Revenue $134.6M $125.6M $97.12M
YoY Change 48.44% 29.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $104.4M $2.934M $2.846M
YoY Change 3542.04% 3.09%
Total Short-Term Liabilities $305.9M $197.3M $173.4M
YoY Change 112.31% 13.79% 338.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.7M $97.97M
YoY Change -100.0% 2.81%
Other Long-Term Liabilities $5.716M $3.353M $4.901M
YoY Change 136.49% -31.59% -85.68%
Total Long-Term Liabilities $5.716M $104.1M $102.9M
YoY Change -94.34% 1.18% 200.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $305.9M $197.3M $173.4M
Total Long-Term Liabilities $5.716M $104.1M $102.9M
Total Liabilities $370.4M $350.9M $324.9M
YoY Change 27.17% 8.0% 340.75%
SHAREHOLDERS EQUITY
Retained Earnings -$532.5M -$486.6M -$331.7M
YoY Change 44.24% 46.68%
Common Stock $48.00K $48.00K $46.00K
YoY Change 2.13% 4.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $611.0M $640.0M $732.6M
YoY Change
Total Liabilities & Shareholders Equity $981.5M $990.9M $1.057B
YoY Change -2.31% -6.3% 527.71%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$45.89M -$45.62M -$26.71M
YoY Change 22.64% 70.79% 68.17%
Depreciation, Depletion And Amortization $3.357M $3.558M $3.093M
YoY Change -19.38% 15.03% 76.04%
Cash From Operating Activities -$6.064M -$25.39M -$26.34M
YoY Change -84.15% -3.62% 70.16%
INVESTING ACTIVITIES
Capital Expenditures $10.57M $12.67M $6.242M
YoY Change -182.41% 103.04% 54.28%
Acquisitions $0.00 $65.59M
YoY Change -100.0%
Other Investing Activities $4.352M $1.705M -$65.59M
YoY Change 745.05% -102.6%
Cash From Investing Activities -$6.220M -$10.97M -$71.83M
YoY Change -49.48% -84.73% 1675.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.945M 2.058M 14.44M
YoY Change -112.96% -85.75% 3388.89%
NET CHANGE
Cash From Operating Activities -6.064M -25.39M -26.34M
Cash From Investing Activities -6.220M -10.97M -71.83M
Cash From Financing Activities 1.945M 2.058M 14.44M
Net Change In Cash -10.34M -34.17M -84.30M
YoY Change -84.23% -59.47% 353.37%
FREE CASH FLOW
Cash From Operating Activities -$6.064M -$25.39M -$26.34M
Capital Expenditures $10.57M $12.67M $6.242M
Free Cash Flow -$16.64M -$38.06M -$32.58M
YoY Change -34.58% 16.81% 66.87%

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CY2022Q1 us-gaap Adjustment Of Warrants Granted For Services
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CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2023Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2022Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
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CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable Trade
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
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2305000
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2023Q1 rklb Increase Decrease In Non Current Lease Liabilities
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CY2022Q1 rklb Increase Decrease In Non Current Lease Liabilities
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CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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49000
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2023Q1 us-gaap Payments To Acquire Marketable Securities
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CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
78099000
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1379000
CY2023Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
1202000
CY2022Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
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CY2023Q1 rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
3078000
CY2022Q1 rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
20841000
CY2023Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2023Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1000000
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
78000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
45000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2058000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34169000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211702000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
607776000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
3417000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
2292000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
315000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2248000
CY2023Q1 rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
924000
CY2022Q1 rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
1417000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
908000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3783000
CY2023Q1 rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
0
CY2022Q1 rklb Net Exercise Of Public And Private Warrants Into Common Stock
NetExerciseOfPublicAndPrivateWarrantsIntoCommonStock
44739000
CY2023Q1 rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
0
CY2022Q1 rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
1441000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108344000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
551000
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
76495000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99482000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19790000
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">On an ongoing basis, our management evaluates estimates and assumptions including those related to revenue recognition, contract costs, loss reserves, valuation of warrants and stock-based compensation and deferred tax valuation allowances. We based our estimates on historical data and experience, as well as various other factors that our management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities. Actual results could differ from these estimates and assumptions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
54895000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40703000
CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
50690000
CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
36572000
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12558000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9451000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
125635000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108344000
CY2023Q1 rklb Contract With Customer Liability Current Additions1
ContractWithCustomerLiabilityCurrentAdditions1
34393000
CY2023Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
17102000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
125635000
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
494175000
CY2023Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
approximately 53% is expected to be recognized within 12 months, with the remaining 47% to be recognized beyond 12 months
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
390766000
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
147000
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
551000
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
390362000
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
152085000
CY2023Q1 us-gaap Marketable Securities
MarketableSecurities
238277000
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
160974000
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
390766000
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
390362000
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
37198000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
33376000
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
50761000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
50661000
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10494000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8242000
CY2023Q1 us-gaap Inventory Net
InventoryNet
98453000
CY2022Q4 us-gaap Inventory Net
InventoryNet
92279000
CY2023Q1 us-gaap Goodwill
Goodwill
71020000
CY2022Q4 us-gaap Goodwill
Goodwill
71020000
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99555000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23060000
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
46300000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
43126000
CY2023Q1 us-gaap Grants Receivable Current
GrantsReceivableCurrent
10746000
CY2022Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
1443000
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
6157000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7632000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
63203000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
52201000
CY2023Q1 rklb Assets Held For Sale
AssetsHeldForSale
11630000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
135581000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
137903000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39600000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36389000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
95981000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101514000
CY2023Q1 us-gaap Depreciation
Depreciation
3558000
CY2022Q1 us-gaap Depreciation
Depreciation
3093000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
79692000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3320000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2895000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9644000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11350000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9335000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9174000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8207000
CY2023Q1 rklb Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
26185000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73895000
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000
CY2023Q1 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
1000
CY2023Q1 rklb Line Of Credit Facility Front End Fee Amount
LineOfCreditFacilityFrontEndFeeAmount
3250
CY2023Q1 rklb Current Insallments Of Long Term Borrowings
CurrentInsallmentsOfLongTermBorrowings
2934
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-45617000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-26709000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
476199710
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14036000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11958000
CY2023Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
15067000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
526000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4388000
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.012
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.197
CY2023Q1 rklb Uncertain Tax Positions
UncertainTaxPositions
2769000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
476199710
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
456495288
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
456495288
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2023Q1 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0
CY2022Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0

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rklb-20230331.xsd Edgar Link pending
rklb-ex31_1.htm Edgar Link pending
rklb-ex31_2.htm Edgar Link pending
rklb-ex32_1.htm Edgar Link pending
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rklb-20230331_def.xml Edgar Link unprocessable
rklb-20230331_pre.xml Edgar Link unprocessable
rklb-20230331_lab.xml Edgar Link unprocessable
rklb-20230331_htm.xml Edgar Link completed