Rocket Lab debt and dilution50

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$13.129M

Cash & equivalents

USD millions

$2,129.485M

Net debt

USD millions

$-2,116.356M

Debt / equity

0×

Debt / assets

0.31%

Net debt / EBITDA

× · TTM

—

Trailing EBITDA is zero or negative, so this ratio is undefined.

Debt / FCF

× · TTM

—

Trailing free cash flow is zero or negative, so this ratio is undefined.

Interest coverage

× · TTM

-15.78×

Current ratio

5.48×

Diluted shares

Million shares

629.68M shares

Basic shares

Million shares

629.68M shares

Share count growth

22.25%

Share repurchases

USD millions

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Quarterly data

Rocket Lab capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	13.13	2,129.49	-2,116.36	0×	0.31%	—	—	-15.78×	5.48×	629.68	629.68	22.25%	—
FY 2026 Q1	Mar 31, 2026	36.87	1,205.5	-1,168.63	0.02×	1.31%	—	—	-10.76×	4.47×	605.43	605.43	19.74%	—
FY 2025 Q4	Dec 31, 2025	1.72	828.66	-826.94	0×	0.07%	—	—	-8.64×	4.08×	572.52	572.52	14.1%	—
FY 2025 Q3	Sep 30, 2025	68.36	807.88	-739.52	0.05×	3.08%	—	—	—	3.18×	528.73	528.73	6.23%	—
FY 2025 Q2	Jun 30, 2025	70.22	564.08	-493.86	0.1×	4.52%	—	—	—	2.67×	515.09	515.09	4.23%	—
FY 2025 Q1	Mar 31, 2025	78.22	303.15	-224.93	0.18×	6.23%	—	—	—	2.08×	505.61	505.61	3.19%	—
FY 2024 Q4	Dec 31, 2024	56.09	271.04	-214.95	0.15×	4.74%	—	—	-7.25×	2.04×	501.75	501.75	3.04%	—
FY 2024 Q3	Sep 30, 2024	58.67	292.47	-233.8	0.14×	5.09%	—	—	—	2.58×	497.7	497.7	2.82%	—
FY 2024 Q2	Jun 30, 2024	61.41	340.91	-279.51	0.13×	5.17%	—	—	—	2.82×	494.19	494.19	3.01%	—
FY 2024 Q1	Mar 31, 2024	63.71	365.93	-302.22	0.13×	5.39%	—	—	—	3.12×	489.99	489.99	2.9%	—
FY 2023 Q4	Dec 31, 2023	105.35	162.52	-57.17	0.19×	11.19%	—	—	-10.15×	2.13×	486.96	486.96	2.81%	—
FY 2023 Q3	Sep 30, 2023	105.12	140.9	-35.79	0.18×	11.06%	—	—	—	1.67×	484.03	484.03	3.04%	—
FY 2023 Q2	Jun 30, 2023	104.38	197.16	-92.78	0.17×	10.63%	—	—	—	1.83×	479.74	479.74	3.23%	—
FY 2023 Q1	Mar 31, 2023	103.66	208.37	-104.71	0.16×	10.46%	—	—	—	3.22×	476.2	476.2	4.32%	—
FY 2022 Q4	Dec 31, 2022	102.95	242.52	-139.57	0.15×	10.41%	—	—	—	4.06×	473.64	473.64	5.43%	—
FY 2022 Q3	Sep 30, 2022	102.23	333.28	-231.05	0.15×	10.21%	—	—	—	4.34×	469.77	469.77	105.8%	—
FY 2022 Q2	Jun 30, 2022	101.52	542.51	-441	0.14×	10.1%	—	—	—	4.9×	464.72	464.72	—	—
FY 2022 Q1	Mar 31, 2022	100.81	603.14	-502.33	0.14×	9.53%	—	—	—	4.3×	456.5	456.5	—	—
FY 2021 Q4	Dec 31, 2021	100.12	690.96	-590.83	0.14×	10.21%	—	—	—	8.04×	449.25	449.25	—	—
FY 2021 Q3	Sep 30, 2021	—	792.66	—	—	—	—	—	—	11.14×	228.27	228.27	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · RKLB, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 1819994