Rocket Pharmaceuticals, Inc., together with its subsidiaries, operates as a late-stage biotechnology company that focuses on developing, manufacturing, and selling of genetic therapies for rare and devastating diseases in the United States. It develops in vivo adeno-associated viral (AAV) programs, which include programs for Danon disease (DD), a multi-organ lysosomal-associated disorder leading to early death due to heart failure (RP-A501), which is in Phase 2 trial; Plakophilin-2 Arrhythmogenic Cardiomyopathy (PKP2-ACM), an inheritable cardiac disorder that is characterized by a progressive loss of cardiac muscle mass, severe right ventricular dilation, dysplasia, fibrofatty replacement of the myocardium and a high propensity to arrhythmias and sudden death (RP-A601), which is in phase 1; and BAG3 Dilated Cardiomyopathy (BAG3-DCM), which is a form of cardiomyopathy and is characterized by progressive thinning of the walls of the heart, which is in preclinical stage. It also develops ex vivo lentiviral (LV) programs, which include programs for Leukocyte Adhesion Deficiency-I (LAD-I), a genetic disorder that causes the immune system to malfunction (RP-L201); Fanconi Anemia (FA), a genetic defect in the bone marrow that reduces production of blood cells or promotes the production of faulty blood cells (RP-L102); and Pyruvate Kinase Deficiency (PKD), a red blood cell autosomal recessive disorder that results in chronic non-spherocytic hemolytic anemia (RP-L301). It has license agreements with Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas, Centro de Investigacion Biomedica En Red de Enfermedades Raras, and Fundacion Instituto de investigacion Sanitaria Fundacion Jimenez Diaz; UCL Business PLC; The Regents of the University of California; and Temple University. Rocket Pharmaceuticals, Inc. was founded in 1999 and is headquartered in Cranbury, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-210M | $-223M | $-190M | -80.5% | - | - |
| 2024 | $0M | $-247M | $-259M | $-216M | -55.9% | - | - |
| 2023 | $0M | $-237M | $-246M | $-211M | -49.9% | - | - |
| 2022 | $0M | $-214M | $-222M | $-187M | -45.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0 | 0 | 0 |
| Operating Expense | 223.84 | 259.66 | 273.20 | 228.52 |
| Operating Income | -223.84 | -259.66 | -273.20 | -228.52 |
| EBITDA | -213.69 | -236.62 | -247.49 | -210.21 |
| EBIT | -219.95 | -243.72 | -256.86 | -221.23 |
| Pretax Income | -221.86 | -245.59 | -258.75 | -223.12 |
| Net Income | -221.86 | -245.59 | -258.75 | -223.12 |
| Net Income Common Stockholders | -221.86 | -245.59 | -258.75 | -223.12 |
| Total Expenses | 223.84 | 259.66 | 273.20 | 228.52 |
| Interest Expense | 1.91 | 1.88 | 1.89 | 1.89 |
| Interest Income | 3.89 | 15.94 | 16.34 | 10.52 |
| Research And Development | 165.57 | 186.34 | 171.24 | 142.01 |
| Selling General And Administration | 58.77 | 73.32 | 101.96 | 86.50 |
| Normalized EBITDA | -213.69 | -236.62 | -247.49 | -206.98 |
| Normalized Income | -221.86 | -245.59 | -258.75 | -219.89 |
| Basic EPS | -3.26 | -2.92 | -2.73 | -2.01 |
| Diluted EPS | -3.26 | -2.92 | -2.73 | -2.01 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Total Unusual Items | 0 | 0 | 0 | -3.23 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -3.23 |
| Net Income From Continuing Operation Net Minority Interest | -221.86 | -245.59 | -258.75 | -223.12 |
| Reconciled Depreciation | 6.27 | 7.10 | 9.38 | 11.03 |
| Net Interest Income | 1.98 | 14.06 | 14.46 | 8.62 |
| Net Income From Continuing And Discontinued Operation | -221.86 | -245.59 | -258.75 | -223.12 |
| Total Operating Income As Reported | -224.34 | -259.66 | -273.20 | -231.75 |
| Diluted Average Shares | 68.15 | 84.01 | 94.81 | 111.12 |
| Basic Average Shares | 68.15 | 84.01 | 94.81 | 111.12 |
| Diluted NI Availto Com Stockholders | -221.86 | -245.59 | -258.75 | -223.12 |
| Net Income Including Noncontrolling Interests | -221.86 | -245.59 | -258.75 | -223.12 |
| Net Income Continuous Operations | -221.86 | -245.59 | -258.75 | -223.12 |
| Other Income Expense | 0 | 0 | 0 | -3.23 |
| Special Income Charges | 0 | 0 | 0 | -3.23 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 3.23 |
| Net Non Operating Interest Income Expense | 1.98 | 14.06 | 14.46 | 8.62 |
| Interest Expense Non Operating | 1.91 | 1.88 | 1.89 | 1.89 |
| Interest Income Non Operating | 3.89 | 15.94 | 16.34 | 10.52 |
| Other Operating Expenses | -0.50 | 0 | 0 | 0 |
| General And Administrative Expense | 58.77 | 73.32 | 101.96 | 86.50 |
| Other Gand A | 58.77 | 73.32 | 101.96 | 86.50 |
| Operating Revenue | 0 | 0 | 0 | 0 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rocket Pharmaceuticals, Inc.this co. | RCKT | $380M | - | 1.36 | -80.5% | -0.98 |
| TruBridge, Inc. | TBRG | $386M | 88.72 | 2.10 | 2.4% | 13.37 |
| Weave Communications, Inc. | WEAV | $385M | - | 4.61 | -34.1% | -18.58 |
| Cerus Corporation | CERS | $385M | - | 5.75 | -24.1% | -52.90 |
| Niagen Bioscience, Inc. | NAGE | $381M |
| 23.80 |
| 4.97 |
| 22.7% |
| 21.23 |
| Puma Biotechnology, Inc. | PBYI | $381M | 12.26 | 2.89 | 23.9% | 6.57 |
| Viemed Healthcare, Inc. | VMD | $381M | 26.73 | 2.66 | 10.4% | 7.66 |
| OrthoPediatrics Corp. | KIDS | $376M | - | 1.06 | -11.4% | -53.45 |
| NRC Health | NRC | $373M | 42.41 | 26.76 | 82.9% | 12.41 |
| Peer Median | - | 26.73 | 3.75 | 6.4% | 7.11 | |