Rocket Lab revenue surges 63% to $200M; backlog doubles to $2.2B; securities suit dismissed

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Q1 revenue jumped 63% YoY to $200M with gross margin expanding 940 bps to 38.2%. Backlog doubled to $2.2B ($1.3B space systems, $921M launch), providing multi-quarter visibility.

  MD&A: Financial Performance verify on EDGAR →
• high

  Cash position quadrupled to $1.5B ($1.2B cash, $271M securities) after $446M ATM equity raise. Convertible debt slashed 89% to $38M; Trinity loan fully extinguished.

  MD&A: Liquidity verify on EDGAR →
• high

  Securities class action alleging Neutron development misstatements dismissed with prejudice April 2026. Plaintiffs have 30 days to appeal; derivative suits stayed pending appeal deadline.

  Legal Proceedings verify on EDGAR →