RKLB
Rocket Lab USA, Inc.
RKLB lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
VWAV
VisionWave Holdings, Inc.
There isn't enough reported data to score VWAV yet.
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.
VWAV Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Stable |
VWAV's balance sheet is currently stable, but its profitability is weak. There isn't enough data to rate its revenue and cash flow.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
VWAV PE Valuation
VWAV 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.
VWAV Forward outlook
There aren't enough analyst estimates for VWAV to show an outlook.
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 has the stronger earnings trend. Trailing diluted EPS is down 192% for RKLB versus VWAV down 723%.
VWAV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$5.48 | -$4.60 |
| Q1 2025 | -$2.83 | -$1.83 |
| Q4 2024 | -$2.85 | -$2.40 |
| Q3 2024 | -$1.31 | -$0.97 |
| Q2 2024 | -$0.88 | -618% |
| Q1 2024 | -$1.00 | -235% |
| Q4 2023 | -$0.45 | -550% |
| Q3 2023 | -$0.34 | -362% |
VWAV lost $5.48 per share over the past year, a bigger loss than the year before.
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's revenue has grown year over year every quarter since late 2021: $268M last quarter, up 73% from the same quarter a year ago.
| 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 VWAV on profitability, with a higher operating margin.
VWAV Quarterly Revenue
VWAV's revenue is growing: $286,339 last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -6337% | N/A |
| Q4 2025 | -66% | N/A |
RKLB has the edge over VWAV on profitability, with a higher operating margin.
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 the stronger cash trend. Its trailing FCF is down 85% versus its history, compared with VWAV at down 612%.
VWAV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$5.4M | -$5.1M |
| Q4 2024 | -$276.5K | -$55.7K |
| Q3 2024 | -$166K | -$11.3K |
| Q2 2024 | -$257.5K | -$95.6K |
| Q1 2024 | -$162.2K | +$208.9K |
| Q4 2023 | -$220.8K | +$172.1K |
VWAV has burned cash in almost every quarter: −$15M over the past year, against −$806,420 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 the edge over VWAV on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
VWAV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +11% | +107K shares |
| 1 year | +740% | +957K shares |
| 3 years | +298% | +813K shares |
| 5 years | +131% | +615K shares |
VWAV has 1M diluted shares, up 740% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | $13.8M |
| Q2 2024 | — |
| Q1 2024 | $15.1M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $41.1M |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VWAV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 2.7x | Moderate |
| Q3 2023 | 2.7x | Moderate |
| Q2 2023 | 0.4x | Very low |
| Q1 2023 | -0.0x | Net Cash |
| Q4 2022 | 3.3x | Elevated |
| Q3 2022 | -1.8x | Net Cash |
| Q4 2021 | -5.1x | Net Cash |
VWAV's net debt is about 2.7 years of its operating earnings (EBITDA), down from 3.3 years a year ago.
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).
VWAV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 23.5 | Oversold |
| Stochastic | 0.4 | Oversold |
VWAV's weekly RSI is 23 (oversold) and its Stochastic is 0 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
VWAV PE vs Industrials Sector
VWAV 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 stronger trend alignment. RKLB is above 3 of 5 weekly averages versus VWAV above 0 of 3.
VWAV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.45 | 84% below |
| 20 week MA | $24.4 | 98% below |
| 50 week MA | $101.7 | 99% below |
VWAV is in a downtrend: it's below all three of its weekly moving averages, and 99% below its 50-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 has the edge over VWAV on returns for 2026, with the stronger performance.
VWAV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $58.0 | $193.8 | +234% |
| 2026 YTD | $193.8 | $0.56 | -100% |
VWAV has finished every year since 2025 higher, and it's down 100% so far in 2026.