Company / R&D Expense
Rocket Lab Corp R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$270.7M
FY2025
5-year range
$19.1M / $270.7M
FY2021-FY2025
Trend
+55.2%
vs FY2024
Sector context
#34 of 174
Industrials
What the data says
Rocket Lab Corp's r&d expense of $271M is higher than 80% of companies in the Industrials sector (FY2025). R&D Expense has increased for 3 consecutive years, from $19M in FY2022 to $271M in FY2025.
Based on SEC 10-K filings.
$271M in FY2025 with a 5-year CAGR of +69.9%. Top quartile in the Industrials sector.
Improved from $119M to $271M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +141.8%
- 5-Year CAGR
- +69.9%
- 10-Year CAGR
- -
Sector benchmark
Top 20% in IndustrialsTop 20% of 174This company $270.7M Sector average $273.7M
▼
-1.1% below sector average
Key checks
Key Insights
- Rocket Lab Corp's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +69.9%, indicating consistent growth.
- In FY2025, r&d expense increased 55.2% year-over-year.
- Ranks #34 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- Altman Z-Score 1.10 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $270.7M | +55.2% |
| FY2024 | $174.4M | +46.5% |
| FY2023 | $119.1M | +522.0% |
| FY2022 | $19.1M | +0.0% |
| FY2021 | $19.1M | +0.0% |
| FY2020 | $19.1M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026