RKLB
Rocket Lab USA, Inc.
RKLB has the edge over SPIR overall, supported by stronger fundamentals and stronger modeled upside.
SPIR
Spire Global, Inc.
SPIR has slightly lower modeled downside risk, despite its lower overall score.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
SPIR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Unavailable |
SPIR's revenue is currently stable, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
SPIR PE Valuation
SPIR has no meaningful PE right now: it lost money over the past year.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
SPIR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect SPIR's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
SPIR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.67 | -721% |
| Q2 2026 | -$2.76 | -611% |
| Q1 2026 | $1.48 | +$5.34 |
| Q4 2025 | $1.49 | +$5.75 |
| Q3 2025 | $0.43 | +$4.02 |
| Q2 2025 | $0.54 | +$4.49 |
| Q1 2025 | -$3.86 | +$0.29 |
| Q4 2024 | -$4.26 | -$0.32 |
SPIR has the edge over RKLB on earnings, with more consistent year-over-year improvement.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over SPIR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB has the edge over SPIR on profitability, with a higher operating margin.
SPIR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18M | +42% |
| Q2 2026 | $18M | -5.9% |
| Q1 2026 | $15.8M | -34% |
| Q4 2025 | $15.8M | -27% |
| Q3 2025 | $12.7M | -56% |
| Q2 2025 | $19.2M | -24% |
| Q1 2025 | $23.9M | -31% |
| Q4 2024 | $21.7M | -77% |
SPIR's revenue is recovering but still below its 2023 peak: $18M last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -112% | +54 points |
| Q2 2026 | -110% | +12 points |
| Q1 2026 | -155% | -49 points |
| Q4 2025 | -146% | -4.4 points |
| Q3 2025 | -166% | -118 points |
| Q2 2025 | -123% | -74 points |
| Q1 2025 | -107% | -72 points |
| Q4 2024 | -142% | -118 points |
SPIR's operating margin was −112% last quarter, up 54 points from the same quarter a year ago.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
SPIR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13.9M | +$6.5M |
| Q2 2026 | -$28.8M | +$9.9M |
| Q1 2026 | -$34.2M | -$16.9M |
| Q4 2025 | -$16.2M | +$8.1M |
| Q3 2025 | -$20.4M | -502% |
| Q2 2025 | -$38.7M | -$28.8M |
| Q1 2025 | -$17.3M | -$1.4M |
| Q4 2024 | -$24.3M | -$22.1M |
SPIR has burned cash in almost every quarter: −$93M over the past year, against −$101M the year before.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SPIR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.3% | +873K shares |
| 1 year | +21% | +6.7M shares |
| 3 years | +89% | +18.4M shares |
| 5 years | +365% | +30.7M shares |
| Available history | +2936% | +37.9M shares |
SPIR has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SPIR Net Leverage
SPIR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
SPIR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 15.8 | Oversold |
SPIR's weekly RSI is 40 (neutral) and its Stochastic is 16 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
SPIR PE vs Industrials Sector
| Metric | SPIR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
SPIR has no meaningful PE right now: it lost money over the past year.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB has the edge over SPIR on trend strength, trading above more of its moving averages.
SPIR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.78 | 5.1% below |
| 20 week MA | $11.8 | 21% below |
| 50 week MA | $13.1 | 29% below |
| 100 week MA | $12.1 | 23% below |
| 200 week MA | $10.2 | 8.8% below |
SPIR is in a downtrend: it's below all five of its weekly moving averages, and 8.8% below its 200-week average.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB's yearly returns have swung widely, from +392% in 2024 to −69% in 2022. It's down 9.3% so far in 2026.
SPIR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.4 | $80.6 | +4.1% |
| 2021 | $80.6 | $30.2 | -63% |
| 2022 | $30.2 | $8.08 | -73% |
| 2023 | $8.08 | $7.82 | -3.2% |
| 2024 | $7.82 | $14.5 | +86% |
| 2025 | $14.5 | $7.74 | -47% |
| 2026 YTD | $7.74 | $9.28 | +20% |
SPIR has the edge over RKLB on returns for 2026, with the stronger performance.