As of Q4'25, Rocket Lab (RKLB) reported a gross margin of 37.98%, an operating margin of -28.41%, and a net profit margin of -29.46%. These latest figures indicate continued improvement in profitability metrics, with gross margin reaching its highest level in the observed period, while both operating and net profit margins, though still negative, have narrowed significantly compared to previous quarters. From Q1'23 to Q4'25, the chart shows a clear upward trend in gross margin, rising from 11.6% to 37.98%. Operating and net profit margins have also improved markedly, moving from deeply negative levels (around -83% in early 2023) to less negative values by the end of 2025. Despite some volatility, particularly in late 2023 and early 2024, all three margins demonstrate a consistent trajectory toward improved profitability, suggesting effective cost management and operational efficiency gains over the covered period.