RKLB Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), RKLB reported revenue of $123M, gross profit of $35M (28.8% gross margin), operating income of −$59M, and net income of −$61M (-49.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RKLB reported a net loss; revenue grew 32.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +32.1% | −37.0% | −1.7 pp |
| Quarter over quarter | −7.4% | −15.8% | −9.9 pp |
Consensus estimate data is not available for this report.
RKLB Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $123M | 100% |
| Cost of Revenue | −$87M | 71.2% |
| Gross Profit | $35M | 28.8% |
| Research & Development | −$55M | 45.0% |
| Selling, General & Administrative | −$39M | 32.1% |
| Operating Income | −$59M | -48.3% |
| Interest Expense | −$3M | 2.1% |
| Other Income, net | $345,000 | 0.3% |
| Income Tax Expense | $813,000 | 0.7% |
| Net Income | −$61M | -49.5% |
Source: original SEC filing (filed 2025-05-08). Accession 0001628280-25-023816. Data normalized by EarningsFyi.