$RKLB
Rocket Lab USA, Inc.

2024 Q2 Form 10-Q Financial Statement

#000095017024053646 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $106.3M $92.77M
YoY Change 71.25% 68.99%
Cost Of Revenue $79.09M $68.59M
YoY Change 66.67% 41.32%
Gross Profit $27.16M $24.17M
YoY Change 86.13% 280.27%
Gross Profit Margin 25.56% 26.06%
Selling, General & Admin $30.52M $28.75M
YoY Change 6.29% 0.98%
% of Gross Profit 112.38% 118.93%
Research & Development $39.91M $38.50M
YoY Change 28.6% 61.07%
% of Gross Profit 146.94% 159.28%
Depreciation & Amortization $4.636M $4.765M
YoY Change 38.1% 33.92%
% of Gross Profit 17.07% 19.71%
Operating Expenses $70.44M $67.25M
YoY Change 17.88% 28.41%
Operating Profit -$43.27M -$43.08M
YoY Change -4.17% -6.38%
Interest Expense -$824.0K -$898.0K
YoY Change 10.6% 31.09%
% of Operating Profit
Other Income/Expense, Net $783.0K -$1.176M
YoY Change 2425.81% -227.0%
Pretax Income -$42.49M -$44.26M
YoY Change -5.84% -1.85%
Income Tax -$860.0K $5.000K
% Of Pretax Income
Net Earnings -$41.63M -$44.26M
YoY Change -9.28% -2.97%
Net Earnings / Revenue -39.18% -47.71%
Basic Earnings Per Share -$0.08 -$0.09
Diluted Earnings Per Share -$0.08 -$0.09
COMMON SHARES
Basic Shares Outstanding 492.8M 489.1M
Diluted Shares Outstanding 494.2M 490.0M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $543.2M $561.1M
YoY Change 30.85% 25.62%
Cash & Equivalents $340.9M $365.9M
Short-Term Investments $202.3M $195.2M
Other Short-Term Assets $5.816M $5.782M
YoY Change 9.3% -6.09%
Inventory $104.5M $99.90M
Prepaid Expenses $61.63M $59.46M
Receivables $50.48M $31.17M
Other Receivables $13.87M $13.36M
Total Short-Term Assets $751.8M $725.6M
YoY Change 34.21% 14.23%
LONG-TERM ASSETS
Property, Plant & Equipment $155.9M $148.1M
YoY Change 29.91% 54.29%
Goodwill $71.02M $71.02M
YoY Change 0.0% 0.0%
Intangibles $64.24M $66.85M
YoY Change -12.37% -12.62%
Long-Term Investments $46.41M $68.57M
YoY Change -37.23% 43.08%
Other Assets $24.03M $22.88M
YoY Change 86.37% 222.22%
Total Long-Term Assets $436.8M $456.3M
YoY Change 3.67% 28.3%
TOTAL ASSETS
Total Short-Term Assets $751.8M $725.6M
Total Long-Term Assets $436.8M $456.3M
Total Assets $1.189B $1.182B
YoY Change 21.1% 19.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.47M $26.00M
YoY Change 2.32% 13.75%
Accrued Expenses $11.94M $9.091M
YoY Change 83.87% 4.76%
Deferred Revenue $184.0M $150.5M
YoY Change 36.76% 19.82%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.35M $11.00M
YoY Change -89.13% 274.78%
Total Short-Term Liabilities $266.4M $232.5M
YoY Change -12.91% 17.82%
LONG-TERM LIABILITIES
Long-Term Debt $50.06M $52.72M
YoY Change -47.66%
Other Long-Term Liabilities $3.953M $4.162M
YoY Change -30.84% 24.13%
Total Long-Term Liabilities $54.01M $56.88M
YoY Change 844.96% -45.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.4M $232.5M
Total Long-Term Liabilities $54.01M $56.88M
Total Liabilities $733.4M $703.0M
YoY Change 97.98% 100.34%
SHAREHOLDERS EQUITY
Retained Earnings -$709.4M -$667.8M
YoY Change 33.23% 37.24%
Common Stock $50.00K $49.00K
YoY Change 4.17% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $455.2M $478.9M
YoY Change
Total Liabilities & Shareholders Equity $1.189B $1.182B
YoY Change 21.1% 19.28%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$41.63M -$44.26M
YoY Change -9.28% -2.97%
Depreciation, Depletion And Amortization $4.636M $4.765M
YoY Change 38.1% 33.92%
Cash From Operating Activities -$13.00M -$2.588M
YoY Change 114.38% -89.81%
INVESTING ACTIVITIES
Capital Expenditures $15.34M $19.18M
YoY Change 45.14% 51.31%
Acquisitions
YoY Change
Other Investing Activities $4.503M -$33.08M
YoY Change 3.47% -2040.12%
Cash From Investing Activities -$10.84M -$52.26M
YoY Change 74.29% 376.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.764M 258.7M
YoY Change -190.69% 12470.8%
NET CHANGE
Cash From Operating Activities -13.00M -2.588M
Cash From Investing Activities -10.84M -52.26M
Cash From Financing Activities -1.764M 258.7M
Net Change In Cash -25.61M 203.3M
YoY Change 147.65% -695.11%
FREE CASH FLOW
Cash From Operating Activities -$13.00M -$2.588M
Capital Expenditures $15.34M $19.18M
Free Cash Flow -$28.34M -$21.77M
YoY Change 70.38% -42.81%

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IncreaseDecreaseInInventories
-7509000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6712000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5303000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10035000
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
4266000
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-103000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1673000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
11305000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3200000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
403000
CY2024Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-622000
CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1294000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11205000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
17292000
CY2024Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
6729000
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2305000
CY2024Q1 rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-1425000
CY2023Q1 rklb Increase Decrease In Non Current Lease Liabilities
IncreaseDecreaseInNonCurrentLeaseLiabilities
-891000
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
489000
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
49000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2588000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25385000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19177000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12674000
CY2024Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
79359000
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
76394000
CY2024Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
46280000
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
78099000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52256000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10969000
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
943000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
771000
CY2024Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
507000
CY2023Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
1202000
CY2024Q1 rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
5119000
CY2023Q1 rklb Proceeds From Sale Of Employees Restricted Stock Units To Cover Taxes
ProceedsFromSaleOfEmployeesRestrictedStockUnitsToCoverTaxes
3078000
CY2024Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
5163000
CY2023Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
1915000
CY2024Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
CY2023Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1000000
CY2024Q1 rklb Purchase Of Capped Calls Related To Issuance Of Convertible Senior Notes
PurchaseOfCappedCallsRelatedToIssuanceOfConvertibleSeniorNotes
43168000
CY2023Q1 rklb Purchase Of Capped Calls Related To Issuance Of Convertible Senior Notes
PurchaseOfCappedCallsRelatedToIssuanceOfConvertibleSeniorNotes
0
CY2024Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
355000000
CY2023Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
43215000
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0
CY2024Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11226000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
90000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
78000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
258707000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2058000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-519000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
203344000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34169000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166434000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245871000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
369778000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211702000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
2270000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
3417000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
315000
CY2024Q1 rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
1580000
CY2023Q1 rklb Unpaid Purchases Of Property Equipment And Software
UnpaidPurchasesOfPropertyEquipmentAndSoftware
924000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
908000
CY2024Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
979000
CY2023Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0
CY2024Q1 rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
1795000
CY2023Q1 rklb Issuance Of Common Stock For Payment Of Accrued Bonus
IssuanceOfCommonStockForPaymentOfAccruedBonus
0
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92767000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
54895000
CY2024Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
31167000
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
35176000
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
14895000
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12951000
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
150535000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
139338000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
139338000
CY2024Q1 rklb Contract With Customer Liability Current Additions1
ContractWithCustomerLiabilityCurrentAdditions1
68370000
CY2024Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
57173000
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
150535000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1015339000
CY2024Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
approximately 42% is expected to be recognized within 12 months, with the remaining 58% to be recognized beyond 12 months.
CY2024Q1 rklb Customer Financing Interest Income
CustomerFinancingInterestIncome
252000
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
524778000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
79000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
619000
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
524238000
CY2024Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
329079000
CY2024Q1 us-gaap Marketable Securities
MarketableSecurities
195159000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
141966000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
612000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1716000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
7000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
143682000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
619000
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
524778000
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
524238000
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
42142000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
45062000
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
48821000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
53628000
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8938000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9167000
CY2024Q1 us-gaap Inventory Net
InventoryNet
99901000
CY2023Q4 us-gaap Inventory Net
InventoryNet
107857000
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
59460000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
48031000
CY2024Q1 us-gaap Grants Receivable Current
GrantsReceivableCurrent
9631000
CY2023Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
9940000
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
3733000
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
3733000
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
5782000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5245000
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
78606000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
66949000
CY2024Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
8532000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
200497000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
194519000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
52410000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49110000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
148087000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
145409000
CY2024Q1 us-gaap Depreciation
Depreciation
4765000
CY2023Q1 us-gaap Depreciation
Depreciation
3558000
CY2024Q1 us-gaap Goodwill
Goodwill
71020000
CY2023Q4 us-gaap Goodwill
Goodwill
71020000
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
102621000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35776000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
66845000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
101009000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32915000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68094000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3084000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3320000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9623000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9812000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9640000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8661000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7672000
CY2024Q1 rklb Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
19137000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64545000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
355000000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11171000
CY2024Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.005
CY2024Q1 rklb Initial Cap Price
InitialCapPrice
8.04
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.1
CY2024Q1 us-gaap Line Of Credit Facility Borrowing Capacity Description
LineOfCreditFacilityBorrowingCapacityDescription
On December 29, 2023 (the “Effective Date”), the Company and certain of its subsidiaries (the “Subsidiaries”, together with the Company, the “Borrowers”), entered into a Master Equipment Financing Agreement (the “Trinity Loan Agreement”) with Trinity Capital, Inc., a Maryland corporation (the “Lender”) to provide financing for certain equipment and other property (the “Equipment”). The Trinity Loan Agreement provides that the Lender shall provide equipment financing in the aggregate of up to $120,000 (the “Conditional Commitment”), with advances (“Draws”) to be made as follows: (i) $70,000 on the Effective Date (the “Effective Date Draw”); and (ii) $40,000 to be drawn on the Effective Date (the “Blanket Lien Draw”), with each of the Effective Date Draw and Blanket Lien Draw payable over sixty (60) months beginning January 2024, with the final payments due in January 2029. After the Blanket Lien Draw is repaid in full, Borrowers may make Draws as follows: (x) $30,000 to be drawn in not more than three advances of at least $10,000 each at the Borrowers’ option no later than the date that is 18 months after the Effective Date; and (y) $20,000 to be drawn at Borrower’s option between January 1, 2025 and June 30, 2025 (such date, the “Termination Date”), subject to customary conditions.
CY2024Q1 rklb Term Loan Advances Aggregate Amount
TermLoanAdvancesAggregateAmount
20000000
CY2024Q1 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The Company repaid an existing term loan with the proceeds from the Trinity Loan Agreement and Blanket Lien Draw. The monthly payment factors under the Trinity Loan Agreement and Blanket Lien Draw have a term of sixty (60) months and a rate factor of 0.022266
CY2024Q1 rklb Term Charge On Repayment Of Debt
TermChargeOnRepaymentOfDebt
700000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
8094000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
12071000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
13663000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
15464000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
17498000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
66790000
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
76406661
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13093000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14036000
CY2024Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
7146000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
526000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.012
CY2024Q1 rklb Uncertain Tax Positions
UncertainTaxPositions
3885000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-44260000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-45617000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
489994709
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
489994709
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
476199710
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
476199710
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.1
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2023 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 rklb Rule10 B51 Arrmodifiedflag
Rule10B51Arrmodifiedflag
false
CY2024Q1 rklb Nonrule10 B51 Arrmodifiedflag
Nonrule10B51Arrmodifiedflag
false

Files In Submission

Name View Source Status
0000950170-24-053646-index-headers.html Edgar Link pending
0000950170-24-053646-index.html Edgar Link pending
0000950170-24-053646.txt Edgar Link pending
0000950170-24-053646-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
rklb-20240331.htm Edgar Link pending
rklb-20240331.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
Show.js Edgar Link pending
rklb-20240331_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable