Rocket Lab USA, Inc. stock research
FY2023 Q2
Rocket Lab USA (RKLB) Gross Margin — Quarter Ended Jun 30, 2023
Revenue grew compared to the prior quarter and the same quarter last year, while cost of revenue was lower than both periods. As a result, gross profit increased substantially, and gross margin improved significantly.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue grew compared to the prior quarter and the same quarter last year, while cost of revenue was lower than both periods. As a result, gross profit increased substantially, and gross margin improved significantly.
- The strongest observable driver of margin improvement was the reduction in cost of revenue relative to revenue. Cost of revenue decreased slightly despite a larger revenue base, leading to a higher gross profit margin.
- Compared to the immediately preceding quarter, revenue was higher and cost of revenue was lower, resulting in a stronger gross margin. Year-over-year, revenue and gross profit both improved, with gross margin substantially higher than the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
23.5%
Gross profit
$14.6M
Revenue
$62.0M
Cost of revenue
$47.5M
Quarter-over-quarter change
+11.9 pts
Year-over-year change
+14.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $54.9M | $6.4M | $48.5M | 11.6% |
| Jun 30, 2023 | $62.0M | $14.6M | $47.5M | 23.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+11.9 pts
Year-over-year change
Jun 30, 2022
+14.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of margin improvement was the reduction in cost of revenue relative to revenue. Cost of revenue decreased slightly despite a larger revenue base, leading to a higher gross profit margin.
Compared to the immediately preceding quarter, revenue was higher and cost of revenue was lower, resulting in a stronger gross margin. Year-over-year, revenue and gross profit both improved, with gross margin substantially higher than the same quarter one year earlier.
Monitor the company's ability to manage future growth and achieve operational efficiencies, as highlighted in its risk factors.