RKT · Rocket Companies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $6.70B | $5.10B | $3.80B | $5.84B | $12.91B | $15.74B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | $2.31B | $1.31B | $2.60B | $8.26B | $11.06B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.44B | $893.15M | $802.87M | $906.20M | $1.18B | $1.05B |
| Total Operating Expenses | $6.91B | $4.43B | $4.20B | $5.10B | $6.73B | $6.20B |
| D&A | $89.00M | $112.92M | $110.27M | $94.02M | $74.71M | $74.32M |
| Operating Income | ($214.00M) | $668.05M | ($402.90M) | $741.91M | $9.53B | $9.53B |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $20.00M | $32.22M | ($12.82M) | $41.98M | $112.74M | $132.38M |
| Net Income | ($68.00M) | $29.37M | ($15.51M) | $46.42M | $308.21M | $197.95M |
| EPS - Basic | ($0.05) | $0.21 | ($0.12) | $0.39 | $2.36 | $1.77 |
| EPS - Diluted | ($0.05) | $0.21 | ($0.15) | $0.28 | $2.32 | $1.76 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.70B | $1.27B | $1.11B | $722.29M | $2.13B | $1.09B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $60.69B | $24.51B | $19.23B | $20.08B | $32.77B | $37.53B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $37.79B | $15.47B | $10.93B | $11.61B | $23.02B | $29.65B |
| Stockholders' Equity | $22.90B | $9.04B | $8.30B | $8.48B | $9.76B | $2.84B |
| Retained Earnings | $124.00M | $312.83M | $284.30M | $300.39M | $378.00M | $207.42M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.93B) | ($2.63B) | $110.33M | $10.82B | $7.74B | ($1.68B) |
| Investing Cash Flow | ($2.53B) | ($495.47M) | $861.15M | $578.74M | ($664.85M) | $517.20M |
| Financing Cash Flow | $8.10B | $3.28B | ($623.56M) | ($12.82B) | ($6.92B) | $1.76B |
| CapEx | $91.00M | $67.51M | $60.34M | $93.12M | $118.29M | $106.35M |
| Free Cash Flow | ($4.02B) | ($2.70B) | $49.99M | $10.73B | $7.63B | ($1.78B) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | 45.3% | 34.4% | 44.5% | 63.9% | 70.3% |
| Operating margin | -3.2% | 13.1% | -10.6% | 12.7% | 73.8% | 60.6% |
| EBITDA margin | -1.9% | 15.3% | -7.7% | 14.3% | 74.4% | 61.0% |
| Net margin | -1.0% | 0.6% | -0.4% | 0.8% | 2.4% | 1.3% |
| Free cash flow margin | -60.0% | -52.9% | 1.3% | 183.8% | 59.0% | -11.3% |
| FCF / Net income | 59.09 | -91.82 | -3.22 | 231.15 | 24.74 | -9.01 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.5% | 17.5% | 21.1% | 15.5% | 9.2% | 6.7% |
| Effective tax rate | - | 52.3% | - | 47.5% | 26.8% | 40.1% |
| Return on assets | -0.1% | 0.1% | -0.1% | 0.2% | 0.9% | 0.5% |
| Return on equity | -0.3% | 0.3% | -0.2% | 0.5% | 3.2% | 7.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.65 | 2.71 | 2.32 | 2.37 | 3.36 | 13.21 |
| Liabilities / Assets | 0.62 | 0.63 | 0.57 | 0.58 | 0.70 | 0.79 |
| Efficiency | ||||||
| Asset turnover | 0.11 | 0.21 | 0.20 | 0.29 | 0.39 | 0.42 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 53.6x | - | 25.0x | 6.0x | 11.5x |
| P / B | 1.1x | 0.2x | 3.5x | 1.6x | 2.9x | 0.8x |
| P / S | 3.8x | 0.3x | 7.5x | 2.4x | 2.2x | 0.1x |
| EV / EBITDA | - | 0.4x | - | 15.6x | 2.7x | 0.1x |
| Growth | ||||||
| Revenue growth (YoY) | 31.3% | 34.3% | -34.9% | -54.8% | -17.9% | - |
| Revenue CAGR (3y) | 4.7% | -26.6% | -37.7% | - | - | - |
| Revenue CAGR (5y) | -15.7% | - | - | - | - | - |
| Gross profit growth (YoY) | - | 77.0% | -49.7% | -68.5% | -25.4% | - |
| Operating income growth (YoY) | - | - | - | -92.2% | 0.0% | - |
| Net income growth (YoY) | - | - | - | -84.9% | 55.7% | - |
| EPS growth (YoY) | - | - | - | -87.9% | 31.8% | - |
| EPS CAGR (3y) | - | -55.1% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -49.0% | - | -99.5% | 40.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 153.2% | 8.9% | -2.1% | -13.2% | 243.4% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.46B totalDirect To Customer Segment$4.79B · 87.8%
Partner Network Segment$668.00M · 12.2%
Product / service
$1.01B totalSubscription Revenue$351.00M · 34.8%
Real Estate Brokerage$341.00M · 33.8%
Closing Fees$139.00M · 13.8%
License$68.00M · 6.7%
Real Estate Network Referral$56.00M · 5.6%
Appraisal Revenue$41.00M · 4.1%
Real Estate Exchange Revenue$12.00M · 1.2%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
0/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Mortgage Bankers & Loan Correspondents
Comparing Rocket Companies against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2025 | $0.8000 |
| Mar 7, 2022 | $1.0100 |
| Mar 8, 2021 | $1.1100 |