Rocket Lab USA, Inc. stock research
FY2024 Q4
Rocket Lab USA (RKLB) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved slightly versus the prior quarter and showed a larger improvement versus the same quarter last year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved slightly versus the prior quarter and showed a larger improvement versus the same quarter last year.
- The relationship among revenue, gross profit, and cost of revenue shows that revenue growth outpaced cost growth, leading to a higher gross margin. The strongest observable driver is the improvement in gross margin relative to the same quarter last year.
- Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
27.8%
Gross profit
$36.8M
Revenue
$132.4M
Cost of revenue
$95.6M
Quarter-over-quarter change
+1.1 pts
Year-over-year change
+2.0 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, 2024 | $92.8M | $24.2M | $68.6M | 26.1% |
| Jun 30, 2024 | $106.3M | $27.2M | $79.1M | 25.6% |
| Sep 30, 2024 | $104.8M | $28.0M | $76.8M | 26.7% |
| Dec 31, 2024 | $132.4M | $36.8M | $95.6M | 27.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+1.1 pts
Year-over-year change
Dec 31, 2023
+2.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship among revenue, gross profit, and cost of revenue shows that revenue growth outpaced cost growth, leading to a higher gross margin. The strongest observable driver is the improvement in gross margin relative to the same quarter last year.
Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was also higher.
Monitor the company's ability to manage cost of revenue relative to revenue growth, as noted in the filing context regarding operational efficiencies and launch cadence.