{
  "segments": {
    "kind": "reported_financial_data",
    "period": "Q2",
    "unit": "million_USD",
    "rows": [
      {
        "segment": "Launch Services",
        "revenue_2025": 46.646,
        "revenue_2026": 44.586,
        "gross_profit_2026": 19.11
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      {
        "segment": "Space Systems",
        "revenue_2025": 97.852,
        "revenue_2026": 189.48,
        "gross_profit_2026": 65.466
      }
    ],
    "source": "https://investors.rocketlabcorp.com/node/13041/html",
    "total_revenue_2026": 234.066,
    "space_systems_share": 0.8095152649252775,
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    "operating_cash_flow": -134.407,
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    "defined_fcf": -187.519,
    "definition": "operating cash flow minus purchases of property, equipment and software; excludes acquisitions",
    "atm_gross": 1529.639,
    "atm_issuance_costs": 16.722,
    "atm_net": 1512.917
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  "reverse_valuation": {
    "kind": "hypothetical_educational_calculation",
    "not_current_RKLB_valuation": true,
    "unit": "billion_USD",
    "initial_enterprise_value": 20.0,
    "discount_rate": 0.1,
    "years": 5,
    "interim_cash_flows": 0,
    "terminal_multiple_ev_fcff": 25,
    "terminal_ev": 32.210200000000015,
    "required_fcff": 1.2884080000000007,
    "required_revenues_by_fcff_margin": {
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      "0.15": 8.589386666666671,
      "0.2": 6.442040000000003
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    "multiple_20_fcff": 1.6105100000000008,
    "multiple_20_revenue_at_15pct": 10.736733333333339,
    "excludes": [
      "interim_negative_cash_flows",
      "new_financing",
      "share_dilution",
      "acquisition_pro_forma"
    ]
  }
}