Rocket Lab USA Inc. (RKLB) — Tangible Net Worth Ratio
Rocket Lab USA Inc. (RKLB) has a Tangible Net Worth Ratio of 90.3% as of March 2026. This metric is calculated by deducting intangible assets ($220.57 Million) from net assets ($2.26 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore RKLB year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Rocket Lab USA Inc. Tangible Net Worth Ratio (2019–2025)
This chart shows how Rocket Lab USA Inc.'s Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 90.3%, reflecting net assets of $2.26 Billion with intangible assets of $220.57 Million USD. For live market cap and overall valuation, see Rocket Lab USA Inc. (RKLB) total market value.
Annual Tangible Net Worth Ratio for Rocket Lab USA Inc. (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Rocket Lab USA Inc. from 2019 to 2025, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. See RKLB free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.9% | $1.72 Billion | $224.75 Million | $2.32 Billion | ▲ +2.3 pp |
| 2024 | 84.7% | $382.45 Million | $58.64 Million | $1.18 Billion | ▼ -3.1 pp |
| 2023 | 87.7% | $554.54 Million | $68.09 Million | $941.21 Million | ▼ -0.4 pp |
| 2022 | 88.2% | $673.21 Million | $79.69 Million | $989.12 Million | ▼ -3.6 pp |
| 2021 | 91.8% | $698.45 Million | $57.49 Million | $980.85 Million | ▼ -7.3 pp |
| 2019 | 99.0% | $137.22 Million | $1.33 Million | $195.19 Million | — |