# ROCKET LAB CORP (RKLB) FY2025 Annual Statement of Cash Flows

- Company: ROCKET LAB CORP (RKLB)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-26, accession number 0001819994-26-000013
- Page: https://plicit.ai/financials/rklb/fy2025-annual-cash-flow
- Chart image: https://plicit.ai/charts/rklb-fy2025-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2024**: 275,302,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: negative 165,521,000 US dollars. Net cash used.
- **Net loss**: negative 198,209,000 US dollars
- **Depreciation and amortization**: 43,935,000 US dollars
- **Stock-based compensation expense**: 71,099,000 US dollars
- **Loss (gain) on disposal of assets**: 2,613,000 US dollars
- **Loss on extinguishment of long-term debt**: 5,926,000 US dollars
- **Amortization of debt issuance costs and discount**: 3,140,000 US dollars
- **Noncash lease expense**: 8,288,000 US dollars
- **Change in the fair value of contingent consideration**: negative 10,624,000 US dollars
- **Accretion of marketable securities purchased at a discount**: negative 2,245,000 US dollars
- **Deferred income taxes**: negative 30,667,000 US dollars
- **Accounts receivable, net**: 667,000 US dollars
- **Contract assets**: 2,296,000 US dollars
- **Inventories**: negative 39,885,000 US dollars
- **Prepaids and other current assets**: negative 15,460,000 US dollars
- **Other non-current assets**: 15,834,000 US dollars
- **Trade payables**: 10,220,000 US dollars
- **Accrued expenses**: negative 1,931,000 US dollars
- **Employee benefits payable**: 1,523,000 US dollars
- **Contract liabilities**: negative 21,606,000 US dollars
- **Other current liabilities**: 849,000 US dollars
- **Non-current lease liabilities**: negative 11,507,000 US dollars
- **Other non-current liabilities**: 223,000 US dollars
- **Investing activities**: negative 347,397,000 US dollars. Net cash used.
- **Purchases of property, equipment and software**: negative 156,285,000 US dollars
- **Proceeds on disposal of assets, net**: 397,000 US dollars
- **Cash paid for business combinations and asset acquisitions, net of acquired cash**: negative 132,441,000 US dollars
- **Purchases of marketable securities**: negative 275,319,000 US dollars
- **Maturities of marketable securities**: 212,868,000 US dollars
- **Sale of marketable securities**: 3,383,000 US dollars
- **Financing activities**: 1,071,271,000 US dollars. Net cash provided.
- **Proceeds from ATM Equity Offerings**: 1,146,057,000 US dollars
- **Issuance costs related to ATM Equity Offerings**: negative 26,514,000 US dollars
- **Proceeds from the exercise of stock options**: 2,572,000 US dollars
- **Proceeds from Employee Stock Purchase Plan**: 11,047,000 US dollars
- **Proceeds from sale of employees restricted stock units to cover taxes**: 113,346,000 US dollars
- **Minimum tax withholding paid on behalf of employees for restricted stock units**: negative 113,487,000 US dollars
- **Payment of contingent consideration**: 0 US dollars
- **Finance lease principal payments**: negative 268,000 US dollars
- **Purchase of capped calls related to issuance of convertible senior notes**: 0 US dollars
- **Proceeds from issuance of convertible senior notes**: 0 US dollars
- **Proceeds from secured term loan**: 26,716,000 US dollars
- **Repayments on secured term loans**: negative 87,920,000 US dollars
- **Payment of debt issuance costs**: negative 278,000 US dollars
- **Operating adjustment reconciliation**: 332,134,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 1,299,738,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 564,045,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 110,000 US dollars
- **Ending cash on Dec 31, 2025**: 833,545,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,346,573,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 558,243,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: negative 165,521,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 156,285,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: negative 321,806,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$198.21M + net operating adjustments $32.69M = operating cash −$165.52M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 165,521,000 US dollars minus 156,285,000 US dollars equals negative 321,806,000 US dollars.