Rocket Lab USA (RKLB) Revenue — Quarter Ended Sep 30, 2024
Revenue declined slightly from the prior quarter but remained significantly higher than the same quarter last year. The sequential decrease reflects a modest pullback after a period of strong growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined slightly from the prior quarter but remained significantly higher than the same quarter last year. The sequential decrease reflects a modest pullback after a period of strong growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$104.8M
Revenue reported for this quarter.
Quarter-over-quarter
-1.4%
Change from the immediately preceding quarter.
Year-over-year
+54.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$363.8M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $60M | +15.9% |
| Mar 31, 2024 | $92.8M | +69.0% |
| Jun 30, 2024 | $106.3M | +71.2% |
| Sep 30, 2024 | $104.8M | +54.9% |
Revenue performance
The reported revenue moved lower compared to the immediately preceding quarter, ending a streak of sequential increases. However, the year-over-year comparison shows a substantial gain, indicating sustained expansion from the prior year's level.
Quarterly comparison
Compared to the prior quarter, revenue contracted slightly, while versus the same quarter one year earlier, revenue rose sharply. The trailing twelve-month revenue also reflects the overall upward trend over the past year.
What to watch
Monitor whether the sequential decline signals a temporary pause or the start of a new trend, especially given the company's reliance on launch cadence and development milestones.