Rocket Lab Corporation has successfully completed its latest hypersonic test mission for the Department of War, marking a continued streak of 100% success in HASTE launches. Despite this operational triumph and a record annual revenue of $602 million in 2025, the company's stock has fallen 16.5% in the past month due to investor concerns over substantial free cash flow losses of approximately $220.3 million and declining gross margins expected in Q1 2026. With a significant backlog of $1.85 billion, Rocket Lab is striving to stabilize its financial situation while planning future expansions.