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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues $ 144,498 $ 106,251 $ 267,067 $ 199,018
Total cost of revenues 98,110 79,089 185,432 147,682
Gross profit 46,388 27,162 81,635 51,336
Operating expenses:        
Research and development, net 66,134 39,912 121,243 78,416
Selling, general and administrative 39,893 30,524 79,219 59,273
Total operating expenses 106,027 70,436 200,462 137,689
Operating loss (59,639) (43,274) (118,827) (86,353)
Other income (expense):        
Interest expense, net (2,371) (824) (4,957) (1,722)
(Loss) gain on foreign exchange (489) (286) (623) 25
Other (expense) income, net (977) 1,893 (498) 1,304
Total other (expense) income, net (3,837) 783 (6,078) (393)
Loss before income taxes (63,476) (42,491) (124,905) (86,746)
(Provision) benefit for income taxes (2,938) 860 (2,125) 855
Net loss (66,414) (41,631) (127,030) (85,891)
Other comprehensive loss, net of tax:        
Foreign currency translation gain (loss) 3,095 1,006 3,471 (2,069)
Unrealized (loss) gain on available-for-sale marketable securities (20) 20 39 (243)
Comprehensive loss $ (63,339) $ (40,605) $ (123,520) $ (88,203)
Net loss per share attributable to Rocket Lab Corporation:        
Basic (in dollars per share) $ (0.13) $ (0.08) $ (0.25) $ (0.17)
Diluted (in dollars per share) $ (0.13) $ (0.08) $ (0.25) $ (0.17)
Weighted-average common shares outstanding:        
Basic (in shares) 515,086,631 494,190,708 510,376,584 492,092,709
Diluted (in shares) 515,086,631 494,190,708 510,376,584 492,092,709
Product revenues        
Total revenues $ 92,725 $ 72,283 $ 173,529 $ 126,429
Total cost of revenues 61,692 53,940 115,561 94,767
Service revenues        
Total revenues 51,773 33,968 93,538 72,589
Total cost of revenues $ 36,418 $ 25,149 $ 69,871 $ 52,915