## Filing Overview **Filing Date:** 2025-05-08 **Type of Filing**: [[Filing Definitions#10-Q|10-Q]] **Reporting Period:** Quarter ended March 31st, 2025 --- ## Notes Rocket Lab USA, Inc. reported $122.6 million in revenue for Q1 2025, a 32% year-over-year increase compared to Q1 2024, with growth in both launch and space systems. Gross profit rose to $35.2 million, but total operating expenses increased to $94.4 million due to higher R&D and SG&A costs, resulting in a net loss of $60.6 million. - The company held **$303.1 million in cash and equivalents** and **$209.2 million in marketable securities**, totaling over **$512 million in liquid assets**. - Contract liabilities decreased from $216.2 million to $206.9 million, and backlog reached $1.07 billion, with 56% expected to be recognized within 12 months. - A new $25 million draw on the Trinity equipment financing facility was made in March 2025, bringing total outstanding under the facility to ~$80.4 million. - Rocket Lab executed an **ATM equity offering**, selling 4.86 million shares and raising $92.8 million in gross proceeds. - In January 2025, [[Peter Beck]] converted 50.95 million common shares to a newly designated Series A Preferred Stock, retaining voting rights and board designation powers. --- ## Filing ![[77f92c97-9a88-4758-b21f-16608472f7bd.pdf]]