Rocket Lab Corporation Common Stock (RKLB)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-Graham investor, I start with business quality and owner earnings. Rocket Lab operates in launch services and space systems, and revenue is clearly expanding: fiscal 2023 revenue was $244.6 million, fiscal 2024 was $436.2 million, and fiscal 2025 was $601.8 million; in fiscal Q2 2026 (quarter ended 2026-06-30), revenue was $234.1 million. But the company has not earned a profit: net income was -$182.6 million in fiscal 2023, -$190.2 million in fiscal 2024, -$198.2 million in fiscal 2025, and -$49.3 million in fiscal Q2 2026. That is a growth story, not yet a proven moat or owner-earnings machine. Financial health is mixed. Debt is low, with D/E of 0.04, and FairStock’s Altman Z-score is 27.48, but trailing free cash flow is -$371.1 million and FCF yield is -1.2%. The Piotroski F-score is 3/9, and the Lynch rules find no category because losses persisted in each of the last four years. Valuation is the hard part. At the 2026-10-26 close of $53.82, FairStock shows market cap of $32.2 billion, P/B of 9.22, a negative P/E of -199.33, and a FairStock Score of 35/100. Without profits or positive free cash flow, the price is expensive on current numbers, even though it sits near the low end of its $37.57–$151.00 52-week range. Durable margins and cash generation are needed before this looks like a value opportunity.

In plain English: Rocket Lab provides space launch services and spacecraft systems. Sales are growing fast, but the company still loses money and uses more cash than it brings in. At $53.82 on 2026-10-26, the price looks expensive compared with current earnings and accounting value, though it is far below its 52-week high.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer