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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.94B | - | $1.61B | $1.36B | $1.04B | - | $646.95M | $1.30B | $1.38B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | ($54.36M) | $616.52M | $708.88M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $535.00M | - | $354.55M | $287.42M | $260.81M | - | $221.07M | $232.95M | $236.66M | - |
| Total Operating Expenses | $2.54B | - | $1.79B | $1.34B | $1.26B | - | $1.14B | $1.11B | $1.09B | - |
| D&A | $146.00M | - | $78.34M | $27.53M | $26.91M | - | $28.61M | $28.01M | $27.02M | - |
| Operating Income | $400.00M | - | ($184.20M) | $24.26M | ($223.10M) | - | ($497.32M) | $192.04M | $298.37M | - |
| Interest Expense | $109.00M | - | - | - | - | - | - | - | - | - |
| Income Tax | $103.00M | - | ($60.34M) | ($9.83M) | ($10.66M) | - | ($15.89M) | $14.12M | $7.66M | - |
| Net Income | $297.00M | - | ($123.85M) | ($1.78M) | ($10.38M) | - | ($22.01M) | $1.29M | $16.21M | - |
| EPS - Basic | $0.11 | - | ($0.06) | ($0.01) | ($0.07) | - | ($0.16) | $0.01 | $0.12 | - |
| EPS - Diluted | $0.10 | - | ($0.06) | ($0.01) | ($0.08) | - | ($0.19) | $0.01 | $0.11 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.69B | $2.70B | $5.84B | $5.09B | $1.41B | $1.27B | $1.23B | $1.31B | $861.41M | $1.11B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $59.44B | $60.69B | $33.58B | $30.36B | $25.25B | $24.51B | $25.12B | $23.65B | $22.22B | $19.23B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $10.42B | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $36.21B | $37.79B | $24.72B | $22.91B | $16.67B | $15.47B | $16.77B | $14.83B | $13.61B | $10.93B |
| Stockholders' Equity | $23.23B | $22.90B | $8.85B | $7.45B | $8.58B | $9.04B | $8.35B | $8.81B | $8.61B | $8.30B |
| Retained Earnings | $421.00M | $124.00M | $55.20M | $178.51M | $180.22M | $312.83M | $278.95M | $300.96M | $300.49M | $284.30M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.86B | - | - | - | ($797.00M) | - | - | - | ($3.01B) | - |
| Investing Cash Flow | $335.00M | - | - | - | $75.27M | - | - | - | $35.46M | - |
| Financing Cash Flow | ($2.15B) | - | - | - | $861.01M | - | - | - | $2.73B | - |
| CapEx | $43.00M | - | - | - | $14.01M | - | - | - | $14.03M | - |
| Free Cash Flow | $1.81B | - | - | - | ($811.01M) | - | - | - | ($3.03B) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | -8.4% | 47.4% | 51.2% | - |
| Operating margin | 13.6% | - | -11.5% | 1.8% | -21.5% | - | -76.9% | 14.8% | 21.6% | - |
| EBITDA margin | 18.6% | - | -6.6% | 3.8% | -18.9% | - | -72.4% | 16.9% | 23.5% | - |
| Net margin | 10.1% | - | -7.7% | -0.1% | -1.0% | - | -3.4% | 0.1% | 1.2% | - |
| Free cash flow margin | 61.7% | - | - | - | -78.2% | - | - | - | -218.7% | - |
| FCF / Net income | 6.11 | - | - | - | 78.11 | - | - | - | -186.66 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.2% | - | 22.1% | 21.1% | 25.1% | - | 34.2% | 17.9% | 17.1% | - |
| Effective tax rate | 25.8% | - | - | - | - | - | - | 91.6% | 32.1% | - |
| Return on assets | 0.5% | - | -0.4% | -0.0% | -0.0% | - | -0.1% | 0.0% | 0.1% | - |
| Return on equity | 1.3% | - | -1.4% | -0.0% | -0.1% | - | -0.3% | 0.0% | 0.2% | - |
| Return on invested capital | 0.9% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.45 | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.18 | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 19.09 | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.7x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.56 | 2.65 | 3.79 | 4.08 | 2.94 | 2.71 | 3.01 | 2.68 | 2.58 | 2.32 |
| Liabilities / Assets | 0.61 | 0.62 | 0.74 | 0.75 | 0.66 | 0.63 | 0.67 | 0.63 | 0.61 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.04 | 0.04 | - | 0.03 | 0.06 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 142.5x | - | - | - | - | - | - | 1370.0x | 132.3x | - |
| P / B | 1.7x | - | 4.6x | 0.3x | 2.8x | - | 4.6x | 0.2x | 3.4x | - |
| P / S | 13.8x | - | 25.4x | 1.8x | 23.3x | - | 59.4x | 1.5x | 20.9x | - |
| EV / EBITDA | 88.5x | - | - | -51.4x | - | - | - | 2.7x | 86.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 183.5% | - | 148.1% | 4.6% | -25.0% | - | -46.2% | 5.2% | 107.7% | - |
| Revenue CAGR (3y) | 64.1% | - | 7.4% | -0.8% | -27.0% | - | -40.8% | -21.3% | -32.9% | - |
| Revenue CAGR (5y) | -8.5% | - | -0.2% | 7.7% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | 8.0% | 3777.2% | - |
| Operating income growth (YoY) | - | - | 63.0% | -87.4% | - | - | - | 38.8% | - | - |
| Net income growth (YoY) | - | - | -462.7% | - | - | - | - | -82.6% | - | - |
| EPS growth (YoY) | - | - | 68.4% | - | - | - | - | -80.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | -70.8% | -53.2% | - |
| EPS CAGR (5y) | -37.8% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 73.2% | - | - | - | -124.3% | - |
| FCF CAGR (5y) | 38.0% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 170.6% | 153.2% | 6.0% | -15.5% | -0.3% | 8.9% | -1.8% | 5.4% | 6.2% | -2.1% |
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%
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 |