For the year ending 2025-12-31, RKLB had $558,243K increase in cash & cash equivalents over the period. -$321,806K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -198,209 | -190,175 | -182,571 | -135,944 |
| Depreciation and amortization | 43,935 | 33,655 | 29,744 | 29,947 |
| Stock-based compensation expense | 71,099 | 56,816 | 53,461 | 55,649 |
| (gain) loss on disposal of assets | - | - | 111 | -923 |
| Loss (gain) on disposal of assets | -2,613 | 2,828 | - | - |
| Loss on extinguishment of long-term debt | -5,926 | -1,330 | -1,732 | 0 |
| Amortization of debt issuance costs and discount | 3,140 | 3,091 | 2,904 | 2,827 |
| Noncash lease expense | 8,288 | 5,951 | 5,787 | 3,199 |
| Noncash income associated with liability-classified warrants | - | 0 | 0 | -13,482 |
| Change in the fair value of contingent consideration | -10,624 | -218 | 1,343 | - |
| Accretion of marketable securities purchased at a discount | 2,245 | 2,901 | 4,571 | 1,395 |
| Deferred income taxes | -30,667 | 599 | 708 | -576 |
| Accounts receivable, net | -667 | 1,428 | -1,452 | 9,430 |
| Contract assets | -2,296 | 50,161 | 3,501 | 7,545 |
| Inventories | 39,885 | 12,398 | 15,562 | 25,964 |
| Prepaids and other current assets | 15,460 | -7,591 | 14,586 | 15,059 |
| Other non-current assets | -15,834 | 12,922 | 11,470 | 7,072 |
| Trade payables | 10,220 | 24,800 | 15,585 | -2,129 |
| Accrued expenses | -1,931 | 9,086 | -3,275 | -3,518 |
| Employee benefits payable | 1,523 | 5,304 | 5,484 | 2,108 |
| Contract liabilities | -21,606 | 76,865 | 30,992 | 22,661 |
| Other current liabilities | 849 | 3,249 | -7,563 | 1,280 |
| Non-current lease liabilities | -11,507 | -6,405 | -5,076 | -3,686 |
| Other non-current liabilities | 223 | 2,209 | 227 | 668 |
| Net cash used in operating activities | -165,521 | -48,890 | -98,867 | -106,538 |
| Purchases of property, equipment and software | 156,285 | 67,093 | 54,707 | 42,412 |
| Proceeds on disposal of assets, net | 397 | 12,542 | -3,660 | - |
| Cash paid for business combinations and asset acquisitions, net of acquired cash | 132,441 | 0 | 18,966 | 65,824 |
| Purchases of marketable securities | 275,319 | 162,161 | 207,266 | 259,567 |
| Maturities of marketable securities | 212,868 | 116,242 | -269,204 | 21,724 |
| Sale of marketable securities | -3,383 | -2,143 | -20,093 | - |
| Net cash (used in) provided by investing activities | -347,397 | -98,327 | 12,018 | -346,079 |
| Proceeds from atm equity offerings | 1,146,057 | - | - | - |
| Issuance costs related to atm equity offerings | 26,514 | - | - | - |
| Proceeds from the exercise of stock options | 2,572 | 3,507 | 2,444 | 3,874 |
| Proceeds from employee stock purchase plan | 11,047 | 5,683 | 4,988 | 4,380 |
| Proceeds from sale of employees restricted stock units to cover taxes | 113,346 | 35,254 | 15,995 | 31,166 |
| Minimum tax withholding paid on behalf of employees for restricted stock units | 113,487 | 35,336 | 15,722 | 31,164 |
| Tax payment for net settled option shares | - | 0 | 0 | 444 |
| Payment of contingent consideration | 0 | 0 | 1,000 | 5,500 |
| Finance lease principal payments | 268 | 329 | 336 | 271 |
| Purchase of capped calls related to issuance of convertible senior notes | 0 | 43,168 | - | - |
| Proceeds from revolving line of credit | - | - | 0 | 0 |
| Proceeds from issuance of convertible senior notes | 0 | 355,000 | - | - |
| Proceeds from secured term loan | 26,716 | 0 | 110,000 | 0 |
| Repayments on secured term loans | 87,920 | 51,724 | 107,573 | - |
| Payment of debt issuance costs | 278 | 12,205 | 1,427 | - |
| Repayments on long-term revolving line of credit | - | - | 0 | 0 |
| Net proceeds from issuance of series e-1 preferred stock | - | - | - | 0 |
| Proceeds from business combination and pipe investment, net of transaction costs | - | - | 0 | 0 |
| Repurchase of shares and options from management, net of amount recognized as compensation cost | - | - | 0 | 0 |
| Net cash provided by financing activities | 1,071,271 | 256,682 | 7,369 | 2,041 |
| Effect of exchange rate changes on cash and cash equivalents | -110 | -597 | 43 | 4,372 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 558,243 | 108,868 | -79,437 | -446,204 |
| Cash and cash equivalents, and restricted cash, beginning of period | 275,302 | 166,434 | 245,871 | 692,075 |
| Cash and cash equivalents, and restricted cash, end of period | 833,545 | 275,302 | 166,434 | 245,871 |
Rocket Lab Corp (RKLB)
Rocket Lab Corp (RKLB)