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% | - | -13.8% |
| 2024 | $0M | $-247M | $-259M | $-216M | -55.9% | - | 5.4% |
| 2023 | $0M | $-237M | $-246M | $-211M | -49.9% | - | 10.7% |
| 2022 | $0M | $-214M | $-222M | $-187M | -45.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0 | 0 | 0 | 0 |
| Operating Revenue | - | 0 | 0 | 0 | 0 |
| Operating Expense | - | 223.84 | 259.66 | 273.20 | 228.52 |
| Research And Development | - | 165.57 | 186.34 | 171.24 | 142.01 |
| Selling General And Administration | - | 58.77 | 73.32 | 101.96 | 86.50 |
| Total Expenses | - | 223.84 | 259.66 | 273.20 | 228.52 |
| Operating Income | - | -223.84 | -259.66 | -273.20 | -228.52 |
| Total Operating Income As Reported | - | -224.34 | -259.66 | -273.20 | -231.75 |
| EBITDA | - | -213.69 | -236.62 | -247.48 | -210.21 |
| Normalized EBITDA | - | -213.69 | -236.62 | -247.48 | -206.98 |
| EBIT | - | -219.95 | -243.72 | -256.86 | -221.23 |
| Interest Income | - | 3.89 | 15.94 | 16.34 | 10.52 |
| Interest Expense | - | 1.91 | 1.88 | 1.89 | 1.89 |
| Net Interest Income | - | 1.98 | 14.06 | 14.46 | 8.62 |
| Other Income Expense | - | - | - | - | -3.23 |
| Interest Income Non Operating | - | 3.89 | 15.94 | 16.34 | 10.52 |
| Interest Expense Non Operating | - | 1.91 | 1.88 | 1.89 | 1.89 |
| Net Non Operating Interest Income Expense | - | 1.98 | 14.06 | 14.46 | 8.62 |
| Pretax Income | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Net Income From Continuing And Discontinued Operation | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Net Income From Continuing Operation Net Minority Interest | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Net Income | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Net Income Common Stockholders | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Net Income Including Noncontrolling Interests | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Normalized Income | - | -221.86 | -245.60 | -258.75 | -219.89 |
| Diluted NI Availto Com Stockholders | - | -221.86 | -245.60 | -258.75 | -223.12 |
| Basic Average Shares | - | 68.15 | 84.01 | 94.81 | 111.12 |
| Diluted Average Shares | - | 68.15 | 84.01 | 94.81 | 111.12 |
| Reconciled Depreciation | - | 6.27 | 7.10 | 9.38 | 11.02 |
| Total Unusual Items | - | - | - | 0 | -3.23 |
| Total Unusual Items Excluding Goodwill | - | - | - | 0 | -3.23 |
| Special Income Charges | - | - | - | 0 | -3.23 |
| Restructuring And Mergern Acquisition | - | - | - | 0 | 3.23 |
| General And Administrative Expense | - | 58.77 | 73.32 | 101.96 | 86.50 |
| Other Gand A | - | 58.77 | 73.32 | 101.96 | 86.50 |
| Other Operating Expenses | -1 | -0.50 | - | - | - |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rocket Pharmaceuticals, Inc.this co. | RCKT | $319M | -1.43 | 1.15 | -80.5% | -1.27 |
| 908 Devices Inc. | MASS | $334M | 17.11 | 2.32 | 13.6% | -12.61 |
| Abeona Therapeutics Inc. | ABEO | $332M | 4.66 | 2.08 | 44.7% | 3.54 |
| Humacyte, Inc. | HUMA | $331M | -8.10 | 106.40 | -1313.4% | -15.52 |
| Organogenesis Holdings Inc. | ORGO | $319M |
| - |
| - |
| - |
| - |
| - |
| 8.62 |
| 1.06 |
| 12.3% |
| 3.71 |
| Fennec Pharmaceuticals Inc. | FENC | $318M | -32.67 | 8.97 | -27.5% | -37.76 |
| SIGA Technologies, Inc. | SIGA | $318M | 13.65 | 1.60 | 11.7% | 6.73 |
| DiaMedica Therapeutics Inc. | DMAC | $315M | - | 5.61 | -58.4% | - |
| Electromed, Inc. | ELMD | $304M | 40.34 | 7.04 | 17.4% | 26.66 |
| Peer Median | - | 8.62 | 3.96 | 12.0% | 3.54 | |