RKT (RKT) financial statements
RKT reported revenue of $6.7B in fiscal 2025, up 6.9% a year over 7 years.
Net income was -$68M and the operating margin -3.2%, against 14.7% in 2018.
Free cash flow was -$4.0B.
The diluted share count rose 1038% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RKT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B | $5.1B | $15.7B | $12.9B | $5.8B | $3.8B | $5.1B | $6.7B |
| Gross profit | $1.7B | $2.1B | $11.1B | $8.3B | $2.6B | $1.3B | $2.3B | — |
| Selling, general and admin | $593M | $685M | $1.1B | $1.2B | $906M | $803M | $893M | $1.4B |
| Operating income | $618M | $904M | $9.5B | $6.2B | $742M | -$403M | $668M | -$214M |
| Pre-tax income | $618M | $904M | $9.5B | $6.2B | $742M | -$403M | $668M | -$214M |
| Income tax | $3M | $7M | $132M | $113M | $42M | -$13M | $32M | $20M |
| Net income | $0 | $0 | $198M | $308M | $46M | -$16M | $29M | -$68M |
| EPS (diluted) | — | — | $1.76 | $2.32 | $0.28 | -$0.15 | $0.21 | -$0.05 |
| Diluted shares | — | — | 116M | 1.99B | 1.97B | 1.98B | 141M | 1.32B |
| Gross margin | 39.7% | 41.4% | 70.7% | 63.9% | 44.5% | 34.4% | 45.3% | — |
| Operating margin | 14.7% | 17.8% | 60.9% | 47.9% | 12.7% | -10.6% | 13.1% | -3.2% |
| Net margin | 0.0% | 0.0% | 1.3% | 2.4% | 0.8% | -0.4% | 0.6% | -1.0% |
Balance sheet
Fiscal years, from RKT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.1B | $1.4B | $2.0B | $2.1B | $722M | $1.1B | $1.3B | $2.7B |
| Property, plant and equipment | — | $176M | $211M | $254M | $274M | $251M | $214M | $260M |
| Goodwill | — | — | $18M | $1.1B | $1.1B | $1.1B | $1.1B | $10.6B |
| Total assets | — | $20.1B | $37.5B | $32.8B | $20.1B | $19.2B | $24.5B | $60.7B |
| Total liabilities | — | $16.6B | $29.7B | $23.0B | $11.6B | $10.9B | $15.5B | $37.8B |
| Shareholders' equity | $2.8B | $3.5B | $7.9B | $9.8B | $8.5B | $8.3B | $9.0B | $22.9B |
| Net debt | -$1.1B | -$1.4B | -$2.0B | -$2.1B | -$722M | -$1.1B | -$1.3B | -$2.7B |
Cash flow
Fiscal years, from RKT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | -$7.0B | -$1.7B | $7.7B | $10.8B | $111M | -$2.6B | -$3.9B |
| Capital spending | $64M | $49M | $106M | $118M | $93M | $60M | $68M | $91M |
| Free cash flow | $1.4B | -$7.0B | -$1.8B | $7.6B | $10.7B | $51M | -$2.7B | -$4.0B |
| Stock-based compensation | $34M | $40M | $136M | $164M | $216M | $180M | $145M | $343M |
| Share buybacks (net) | $0 | $0 | $0 | -$232M | -$178M | $0 | $0 | — |
| Free cash flow margin | 32.5% | -138.6% | -11.4% | 59.0% | 183.8% | 1.3% | -52.9% | -60.0% |
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Open RKT in InvestinglyQuestions
What was RKT's revenue in 2025?
$6.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does RKT generate?
-$4.0B in fiscal 2025 (operating cash flow minus capital spending).
From RKT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.