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.
XPON
Expion360 Inc.
There isn't enough reported data to score XPON 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.
XPON Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
XPON's revenue, profitability and cash flow are currently under pressure. 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.
XPON PE Valuation
XPON 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.
XPON Forward outlook
There aren't enough analyst estimates for XPON 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 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.
XPON Earnings Per Share
XPON and RKLB do not have enough comparable growth data to identify a winner.
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 XPON 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 XPON on profitability, with a higher operating margin.
XPON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2M | -32% |
| Q1 2026 | $1.6M | -24% |
| Q4 2025 | $2.2M | +12% |
| Q3 2025 | $2.4M | +72% |
| Q2 2025 | $3M | +134% |
| Q1 2025 | $2M | +111% |
| Q4 2024 | $2M | +131% |
| Q3 2024 | $1.4M | -26% |
XPON's revenue fell from its 2025 peak and has held roughly level since: $2M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -64% | -19 points |
| Q1 2026 | -113% | -57 points |
| Q4 2025 | -234% | -175 points |
| Q3 2025 | -125% | +13 points |
| Q2 2025 | -45% | +86 points |
| Q1 2025 | -56% | +146 points |
| Q4 2024 | -59% | +194 points |
| Q3 2024 | -139% | -43 points |
XPON's operating margin was −64% last quarter, down 19 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.
XPON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.5M | -$1.1M |
| Q1 2026 | -$1.1M | +$101.1K |
| Q4 2025 | -$2.4M | +$489.1K |
| Q3 2025 | -$2.1M | +$1.1M |
| Q2 2025 | -$401K | +$1.3M |
| Q1 2025 | -$1.2M | +$453.5K |
| Q4 2024 | -$2.9M | -$1.6M |
| Q3 2024 | -$3.2M | -$2.6M |
XPON has the edge over RKLB on cash flow, with more consistent year-over-year improvement.
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 | — |
XPON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -73 shares |
| 1 year | +6.5% | +372 shares |
XPON has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
XPON Net Leverage
XPON'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).
XPON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.4 | Neutral |
| Stochastic | 2.9 | Oversold |
XPON's weekly RSI is 32 (neutral) and its Stochastic is 3 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
XPON PE vs Industrials Sector
XPON 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 XPON on trend strength, trading above more of its moving averages.
XPON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.66 | 34% below |
| 20 week MA | $4.16 | 42% below |
| 50 week MA | $6.81 | 65% below |
| 100 week MA | $11.0 | 78% below |
| 200 week MA | $1,867.9 | 100% below |
XPON is in a downtrend: it's below all five of its weekly moving averages, and 100% 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 has the edge over XPON on returns for 2026, with the stronger performance.
XPON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $9,516.0 | $2,820.0 | -70% |
| 2023 | $2,820.0 | $6,468.0 | +129% |
| 2024 | $6,468.0 | $26.3 | -100% |
| 2025 | $26.3 | $9.84 | -63% |
| 2026 YTD | $9.84 | $2.41 | -76% |
XPON's yearly returns have swung widely, from +129% in 2023 to −100% in 2024. It's down 76% so far in 2026.