Rocket Lab (NASDAQ: RKLB) just reported its highly anticipated Q4 2025 earnings. On the surface, the numbers were strong. The aerospace and defense company delivered a top and bottom-line beat, posted record revenue, expanded margins, and grew backlog to new highs. But despite that, the stock opened lower the day after the release, down almost 6%.
As covered previously, there was far more at stake in this report than quarterly revenue and earnings per share (EPS). Investors were looking for clarity on execution, scalability, and most importantly, Neutron.
