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Rocket Lab USA(RKLB) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Q2 2025 revenue increased by 36% year-over-year to $144.5 million[6, 80] - Q2 2025 GAAP gross margin was 32.1%, a 25% year-over-year expansion[7] - Q2 2025 Non-GAAP gross margin was 36.9%, a 20% year-over-year expansion[8] - The company's backlog as of Q2 2025 reached $1 billion[84] - Expect revenue to range between $145 million to $155 million in Q3 2025[103] - Expect GAAP gross margin to range between 35 - 37% and Non-GAAP gross margin of 39 - 41% in Q3 2025[103] Business Highlights - Rocket Lab completed five Electron launches in Q2 2025, setting a new record of two missions two days apart from Launch Complex 1[9, 30] - The company is acquiring Geost for $275 million in a cash-plus-equity transaction, with a potential earnout of up to $50 million[13] - Rocket Lab is the only provider delivering a launch + spacecraft end-to-end mission for the USSF's Tactically Responsive Space Program[18] - The company is on track for 20+ Electron launches this year[31]