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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues $ 63,057 $ 5,287 $ 159,234 $ 34,759
Cost of revenues 54,590 17,738 142,074 43,337
Gross profit 8,467 (12,451) 17,160 (8,578)
Operating expenses:        
Research and development, net 17,508 14,189 50,150 29,797
Selling, general and administrative 22,961 25,655 64,991 39,347
Total operating expenses 40,469 39,844 115,141 69,144
Operating loss (32,002) (52,295) (97,981) (77,722)
Other income (expense):        
Interest expense, net (1,486) (2,977) (6,907) (3,377)
Gain (loss) on foreign exchange (51) 16 (3,947) (389)
Change in fair value of liability classified warrants 0 (33,947) 13,482 (39,424)
Other income (expense), net 622 (450) 625 (583)
Total other income (expense), net (915) (37,358) 3,253 (43,773)
Loss before income taxes (32,917) (89,653) (94,728) (121,495)
Benefit (provision) for income taxes (1,693) 1,684 (4,008) 979
Net loss (34,610) (87,969) (98,736) (120,516)
Other comprehensive income (loss), net of tax:        
Foreign currency translation income (loss) (4,655) (1,008) (4,809) 66
Unrealized loss on available-for-sale marketable securities (855) 0 (855) 0
Comprehensive loss $ (40,120) $ (88,977) $ (104,400) $ (120,450)
Net loss per share attributable to Rocket Lab USA, Inc.:        
Net loss per share attributable to common stockholders-basic $ (0.07) $ (0.39) $ (0.21) $ (0.93)
Net loss per share attributable to common stockholders- diluted $ (0.07) $ (0.39) $ (0.21) $ (0.93)
Weighted-average common shares outstanding:        
Weighted average common shares outstanding-basic 469,768,797 228,266,647 463,709,955 129,232,016
Weighted average common shares outstanding, diluted 469,768,797 228,266,647 463,709,955 129,232,016