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Financial statements

ROCKET PHARMACEUTICALS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ROCKET PHARMACEUTICALS, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue0000000000
Research and development5.9914.953.357.9105125166186171142
General and administrative1.584.8617.918.228.941.858.873.310286.5
Operating expenses7.5719.871.276.2134167224260273232
Operating income-7.57-19.8-71.2-76.2-134-167-224-260-273-232
Interest expense006.045.966.972.981.861.881.891.89
Interest income0.440.82
Other non-operating income-5.4-1.822.48
Pre-tax income-259-223
Income tax000
Net income-7.57-19.6-74.5-77.3-140-169-222-246-259-223
EBITDA-7.51-19.6-70.8-75.7-133-164-220-255-266-223
EPS, basic-1.11-2.88-1.89-1.58-2.52-2.67-3.26-2.92-2.73-2.01
EPS, diluted-1.11-2.88-1.89-1.58-2.52-2.67-3.26-2.92-2.73-2.01
Shares, basic (weighted)6.836.839.44955.463.268.18494.8111
Shares, diluted (weighted)6.836.839.44955.463.268.18494.8111

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents29.818.111118529723314155.916477.6
Short-term investments96.7094.4119186156216317209111
Other current assets1.880.813.363.644.633.327.675.055.853.81
Total current assets12819209308487392364378378193
Property, plant and equipment1.130.992.0329.519.222.32939.236.828.2
Lease right-of-use assets02.050.911.571.973.94.173.21
Goodwill030.830.830.830.839.239.239.239.2
Intangible assets025.725.225.225.2
Long-term investments07.40043.334.30
Other non-current assets0.170.17
Total assets13020.1251372591497552566528330
Accounts payable1.59015.417.425.519.636.745.837.827.3
Accrued liabilities4.252.372.594.884.53109.9311.912.3
Total current liabilities7.044.5215.418.332.622.239.248.540.730.2
Lease liabilities01.440.50.911.092.973.262.6
Other non-current liabilities0.480.40.460.020.140.082.62.941.141.06
Total liabilities56.54.6357.364.887.342.362.173.864.553.2
Paid-in capital3125.343004908269461,2031,4511,6801,717
Retained earnings-239-31.4-106-183-323-492-714-959-1,218-1,441
Treasury stock0-0.67-0.0500-0.050
Other comprehensive income-0.050-0.130.02-0.04-0.16-0.360.320.07-0.03
Shareholders' equity8.3715.5194307504455490493463277
Total equity8.3715.5194307504455490493463277
Total liabilities and equity13020.1251372591497552566528330
Shares outstanding6.756.845.154.86164.579.190.3106108

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-7.57-19.6-74.5-77.3-140-169-222-246-259-223
Depreciation and amortization0.070.20.330.431.153.23.94.97.28.9
Stock-based compensation0.271.3213.613.418.629.23139.443.937.1
Change in payables-0.04-1.145.89-2.7211-4.839.6710.16.07-10.4
Cash from operations-5.5-16-53.8-64.7-74.6-121-178-195-210-190
Capital expenditures-0.34-0.76-1.45-23.3-20.6-7.62-8.36-16.4-5.86-0.44
Purchases of investments00-141-184-209-246-376-391-246-277
Cash from investing-0.34-0.76-5.27-39-96.618.9-69.3-98.1132104
Stock issued001540.030046.62.233.210
Share buybacks0000-0.070
Cash from financing0.0225.415417828337.71552081860.15
Net change in cash-50.248.994.474.1112-64.6-92.2-84.6108-86.1
Free cash flow-5.84-16.7-55.2-87.9-95.2-129-187-211-216-190
Interest paid004.492.992.960.1500
Income taxes paid0000.03000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.60 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-4.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-4.1%Net income / average total assets.
Return on invested capital (ROIC)-104.9%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Book value growth, 1y-40.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-17.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-11.3%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-37.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-15.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-11.0%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y17.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y17.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y14.9%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio9.24xCurrent assets / current liabilities.
Quick ratio9.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio9.06x(Cash + short-term investments) / current liabilities.
Liabilities / assets12.8%Total liabilities / total assets.
Interest coverage-101xOperating income / interest expense.
Working capital$258.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets15.2%(Goodwill + intangible assets) / total assets.
Tangible book value$304.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.00xRevenue / average total assets.
Fixed asset turnover0.00xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.15Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.00Revenue / diluted weighted shares.
FCF per share-$1.49Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.49Cash from operations / diluted weighted shares.
Book value per share$3.37Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.78Tangible book value / shares outstanding.
Cash per share$2.59(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$284.9MShare price x shares outstanding.
Enterprise value$1.1MMarket cap + total debt - cash - short-term investments.
P/B0.77xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.94xMarket cap / tangible book value, when positive.
FCF yield-59.8%Free cash flow / market cap.
Earnings yield-6.1%Net income / market cap (the inverse of P/E).
What was ROCKET PHARMACEUTICALS, INC.'s revenue in fiscal 2025?

ROCKET PHARMACEUTICALS, INC. reported revenue of $0.0 for fiscal 2025.

Was ROCKET PHARMACEUTICALS, INC. profitable in fiscal 2025?

No. It reported a net loss of $223.1M.

How much free cash flow did ROCKET PHARMACEUTICALS, INC. generate in fiscal 2025?

Cash from operations of $190.0M minus capital expenditures of $440.0K left free cash flow of -$190.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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