Rocket Lab beats expectations on Q4 sales, per-share loss
Here’s how the numbers looked in the most recent quarter.
Retail favorite Rocket Lab posted better-than-expected Q4 sales and a slightly smaller adjusted per-share loss than expected late Thursday. The stock slipped slightly in the after-hours session, giving back some of the day’s gains.
Here’s how the company, which has positioned itself as a publicly traded competitor to Elon Musk’s privately held SpaceX, did in its most recent quarter:
Q4 revenue of $179.7 million vs. Wall Street’s expectation for $176.8 million.
An adjusted loss per share of $0.09 vs. the consensus estimate of a $0.10 loss.
Adjusted EBITDA of -$17.4 million vs. analyst expectations of -$25.2 million.
Rocket Lab’s remarkable performance in recent years — it rose by 361% in 2024, and by another 174% last year — has attracted a loyal following of retail shareholders as the satellite-services-from-space theme has turned into one of the most explosive areas of the market.
Companies such as AST SpaceMobile, Planet Labs, and EchoStar have also soared, respectively gaining 244%, 388%, and 375% in 2025, amid growing excitement for the sector. That fervor has been stoked, in part, by Elon Musk’s reported plans to bring SpaceX public in the middle of this year, in what could be the largest share offering of all time.
Hype aside, Rocket Lab has a ways to go before producing profits, with its strategy hinging on its effort to bring its new, larger Neutron rocket into the launch services market. Wall Street is looking for the company to go adjusted EBITDA positive late this year.
