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Dec 31, 2024
Rocket Lab Q4 2024 Earnings Report
Rocket Lab Q4 2024 Earnings Report
Key Takeaways
Rocket Lab posted a record-breaking Q4 2024 with revenue surging 121% YoY to $132.4 million. The company reported a net loss of $52.3 million, while operating losses stood at $51.5 million. Gross profit increased to $36.8 million, and cash and cash equivalents rose to $271 million. The company achieved a record 16 Electron launches in 2024, a 60% increase YoY.
Total revenue grew 121% YoY to $132.4 million.
Net loss widened to $52.3 million from $50.5 million a year ago.
Rocket Lab completed 16 Electron launches in 2024, up 60% YoY.
Cash and cash equivalents increased to $271 million.
Rocket Lab
Rocket Lab
Rocket Lab Revenue by Segment
Revenue by Segment
Space Systems Revenue
CapyFin.comLaunch Services Revenue
CapyFin.com Forward Guidance
Rocket Lab expects Q1 2025 revenue between $117 million and $123 million, with GAAP gross margins ranging from 25% to 27%. Adjusted EBITDA loss is projected to be between $33 million and $35 million.
Positive Outlook
- Revenue forecasted between $117 million and $123 million for Q1 2025.
- Electron manifest supports over 20 launches for 2025.
- Neutron development progressing ahead of a planned 2025 debut.
- Expansion into satellite manufacturing with the new 'Flatellite' platform.
- Significant contract wins, including a $1.45 billion hypersonic test contract.
Challenges Ahead
- Ongoing net losses expected in the near term.
- Increased R&D spending may pressure margins.
- High dependency on government contracts for growth.
- Potential launch schedule delays due to supply chain constraints.
- Rising operational costs related to scaling up satellite manufacturing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income