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Rocket Companies (RKT) Financials

Rocket Companies logo
$14.34 +0.50 (+3.61%)
Closing price 03:59 PM Eastern
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$14.27 -0.07 (-0.47%)
As of 06:25 PM Eastern
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Annual Income Statements for Rocket Companies

Annual Income Statements for Rocket Companies

This table shows Rocket Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.00 198 308 46 -16 29 -68
Consolidated Net Income / (Loss)		 615 897 9,399 6,072 700 -390 636 -234
Net Income / (Loss) Continuing Operations		 615 897 9,399 6,072 700 -390 636 -234
Total Pre-Tax Income 		618 904 9,532 6,185 742 -403 668 -214
Total Revenue		 3,250 5,069 15,650 12,914 5,838 3,799 5,101 6,695
Net Interest Income / (Expense)		 102 116 84 169 184 121 98 125
Total Interest Income		 201 251 330 430 351 327 413 501
Loans and Leases Interest Income		 201 251 330 430 351 327 413 501
Total Interest Expense		 99 135 246 261 166 206 315 376
Long-Term Debt Interest Expense		 - 135 246 261 166 206 315 376
Total Non-Interest Income		 3,149 4,953 15,566 12,746 5,654 3,678 5,003 6,570
Other Service Charges		 1,409 1,687 2,875 2,966 2,332 2,313 2,569 4,293
Net Realized & Unrealized Capital Gains on Investments		 1,969 3,266 12,691 9,779 3,322 1,365 2,434 2,277
Total Non-Interest Expense		 2,632 4,165 6,118 6,730 5,097 4,202 4,433 6,909
Salaries and Employee Benefits		 1,703 2,083 3,238 3,357 2,798 2,257 2,261 3,307
Marketing Expense		 878 905 950 1,250 946 737 824 1,088
Other Operating Expenses		 -26 965 1,670 1,818 1,105 945 1,081 1,786
Depreciation Expense		 77 75 74 75 94 110 113 290
Amortization Expense		 - 137 186 231 154 153 154 438
Income Tax Expense		 3.24 7.31 132 113 42 -13 32 20
Net Income / (Loss) Attributable to Noncontrolling Interest		 615 897 9,201 5,764 654 -374 607 -166
Basic Earnings per Share		 $0.00 $0.00 $1.77 $2.36 $0.39 ($0.12) $0.21 ($0.05)
Weighted Average Basic Shares Outstanding		 0.00 0.00 111.93M 130.58M 120.58M 128.64M 141.04M 1.32B
Diluted Earnings per Share		 $0.00 $0.00 $1.76 $2.32 $0.28 ($0.15) $0.21 ($0.05)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 116.24M 1.99B 1.97B 1.98B 141.04M 1.32B
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.98B 1.97B 1.97B 1.99B 2.00B 2.82B

Quarterly Income Statements for Rocket Companies

This table shows Rocket Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 6.21 -11 16 1.30 -22 34 -10 -1.79 -124 68 297
Consolidated Net Income / (Loss)		 115 -233 291 178 -481 649 -212 34 -124 68 297
Net Income / (Loss) Continuing Operations		 115 -233 291 178 -481 649 -212 34 -124 68 297
Total Pre-Tax Income 		118 -243 298 192 -497 675 -223 24 -184 169 400
Total Revenue		 1,203 694 1,384 1,301 647 1,769 992 1,360 1,605 2,692 2,592
Net Interest Income / (Expense)		 27 41 38 31 6.75 22 -109 33 36 29 -349
Total Interest Income		 94 86 89 112 109 103 0.00 124 126 159 0.00
Total Interest Expense		 67 45 51 81 102 81 109 91 91 130 349
Long-Term Debt Interest Expense		 67 45 51 81 102 81 109 91 91 130 349
Total Non-Interest Income		 1,176 653 1,346 1,270 640 1,747 1,101 1,328 1,570 2,664 2,941
Other Service Charges		 591 580 590 624 674 680 778 711 1,022 1,874 2,050
Net Realized & Unrealized Capital Gains on Investments		 585 72 756 646 -34 1,067 323 617 548 790 891
Total Non-Interest Expense		 1,086 937 1,085 1,109 1,144 1,094 1,215 1,336 1,789 2,523 2,192
Salaries and Employee Benefits		 590 485 541 553 608 559 610 623 875 1,199 1,079
Marketing Expense		 193 143 206 211 201 206 276 276 274 262 345
Other Operating Expenses		 237 244 273 278 269 261 302 351 425 700 622
Depreciation Expense		 28 27 27 28 29 29 27 28 78 157 146
Income Tax Expense		 2.68 -10 7.66 14 -16 26 -11 -9.83 -60 101 103
Net Income / (Loss) Attributable to Noncontrolling Interest		 109 -222 274 177 -459 615 -202 36 0.00 0.19 0.00
Basic Earnings per Share		 $0.05 ($0.08) $0.12 $0.01 ($0.16) $0.24 ($0.07) ($0.01) ($0.06) $0.09 $0.11
Weighted Average Basic Shares Outstanding		 129.39M 128.64M 136.99M 139.65M 141.76M 141.04M 147.72M 171.44M 2.11B 1.32B 2.83B
Diluted Earnings per Share		 $0.04 ($0.08) $0.11 $0.01 ($0.19) $0.28 ($0.08) ($0.01) ($0.06) $0.10 $0.10
Weighted Average Diluted Shares Outstanding		 1.98B 1.98B 1.99B 139.65M 2.00B 141.04M 2.00B 171.44M 2.11B 1.32B 2.85B
Weighted Average Basic & Diluted Shares Outstanding		 1.98B 1.99B 1.99B 1.99B 1.99B 2.00B 2.00B 2.10B 2.82B 2.82B 2.83B

Annual Cash Flow Statements for Rocket Companies

This table details how cash moves in and out of Rocket Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -337 319 598 157 -1,422 348 152 1,645
Net Cash From Operating Activities		 1,431 -6,979 -1,677 7,744 10,823 111 -2,630 -3,927
Net Cash From Continuing Operating Activities		 1,431 -6,979 -1,677 7,744 10,823 111 -2,630 -3,927
Net Income / (Loss) Continuing Operations		 615 897 9,399 6,072 700 -390 636 -234
Consolidated Net Income / (Loss)		 615 897 9,399 6,072 700 -390 636 -234
Depreciation Expense		 77 75 74 75 94 110 113 290
Non-Cash Adjustments to Reconcile Net Income		 853 -7,986 -11,008 1,460 10,509 563 -3,513 -4,485
Changes in Operating Assets and Liabilities, net		 -113 35 -143 137 -479 -172 134 502
Net Cash From Investing Activities		 -94 72 517 -665 579 861 -496 -2,532
Net Cash From Continuing Investing Activities		 -94 72 517 -665 579 861 -496 -2,532
Purchase of Property, Leasehold Improvements and Equipment		 -64 -49 -106 -118 -93 -60 -68 -91
Purchase of Investment Securities		 -29 -19 -2.50 -1,295 0.00 10 12 -2,871
Sale and/or Maturity of Investments		 0.00 137 566 933 687 1,012 298 430
Net Cash From Financing Activities		 -1,673 7,225 1,758 -6,921 -12,824 -624 3,279 8,103
Net Cash From Continuing Financing Activities		 -1,673 7,225 1,758 -6,921 -12,824 -623 3,279 8,103
Issuance of Debt		 88 7,111 8,299 3,567 -9,202 -651 3,322 4,000
Issuance of Common Equity		 0.00 0.00 1,751 42 38 25 41 55
Repayment of Debt		 -1,054 0.00 -1,286 -6,314 -1,299 0.00 0.00 4,367
Payment of Dividends		 0.00 0.00 -1,375 - - 53 -19 -241
Other Financing Activities, Net		 -707 114 -5,631 -3,985 -2,183 -50 -65 -78
Effect of Exchange Rate Changes		 -1.06 0.88 0.89 -0.12 -0.95 0.00 -1.00 1.00
Cash Interest Paid		 208 256 367 423 321 379 479 596
Cash Income Taxes Paid		 0.52 11 56 77 13 -1.00 6.00 2.00

Quarterly Cash Flow Statements for Rocket Companies

This table details how cash moves in and out of Rocket Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 74 145 -243 444 -89 41 140 3,685 744 -2,923 41
Net Cash From Operating Activities		 328 1,394 -3,013 -122 -1,337 1,843 -796 -1,850 -50 -1,230 1,857
Net Cash From Continuing Operating Activities		 328 1,394 -3,013 -122 -1,337 1,843 -796 -1,850 -50 -1,230 1,857
Net Income / (Loss) Continuing Operations		 115 -233 291 178 -481 649 -212 34 -124 68 297
Consolidated Net Income / (Loss)		 115 -233 291 178 -481 649 -212 34 -124 68 297
Depreciation Expense		 28 27 27 28 29 29 27 28 78 157 146
Non-Cash Adjustments to Reconcile Net Income		 -56 1,912 -3,322 -334 -1,047 1,193 -485 -1,859 -396 -1,710 1,352
Changes in Operating Assets and Liabilities, net		 242 -312 -8.00 5.72 163 -27 -126 -53 391 255 62
Net Cash From Investing Activities		 97 122 35 -261 -234 -36 75 -130 -3.07 -2,474 335
Net Cash From Continuing Investing Activities		 97 122 35 -261 -234 -36 75 -130 -3.07 -2,474 335
Purchase of Property, Leasehold Improvements and Equipment		 -21 0.54 -14 -16 -19 -19 -14 -15 -22 -40 -43
Purchase of Investment Securities		 - - - - - - 1.00 - 155 -2,792 -10
Sale and/or Maturity of Investments		 225 116 67 69 95 79 144 63 108 114 576
Other Investing Activities, net		 -107 5.17 -17 -314 -310 -96 -56 - - - -188
Net Cash From Financing Activities		 -352 -1,371 2,734 827 1,483 -1,765 861 5,664 798 780 -2,151
Net Cash From Continuing Financing Activities		 -352 -1,371 2,734 827 1,483 -1,765 861 5,664 798 780 -2,151
Issuance of Debt		 -219 -1,303 2,778 877 1,528 -1,751 -3.00 3,100 3,684 -3,684 -26
Issuance of Common Equity		 7.23 5.40 5.40 6.66 21 7.32 8.00 8.42 22 16 19
Repayment of Debt		 -104 -54 -31 -37 -28 -14 889 2,702 -2,768 4,445 -2,054
Payment of Dividends		 - - -1.94 - - - -5.00 -231 0.54 -4.82 -2.00
Other Financing Activities, Net		 -36 -19 -17 -21 -38 -7.69 -28 84 -141 7.83 -88

Annual Balance Sheets for Rocket Companies

This table presents Rocket Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 20,123 37,535 32,775 20,082 19,232 24,510 60,685
Cash and Due from Banks		 1,395 1,971 2,131 722 1,108 1,273 2,696
Trading Account Securities		 13,276 22,865 19,324 7,343 6,542 9,020 15,471
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 176 211 254 274 251 214 260
Goodwill		 - - 1,297 1,259 1,237 1,136 10,611
Intangible Assets		 - - - - - 91 2,224
Other Assets		 5,125 12,382 9,679 10,293 9,886 12,776 29,423
Total Liabilities & Shareholders' Equity		 20,123 37,535 32,775 20,082 19,232 24,510 60,685
Total Liabilities		 16,607 29,652 23,015 11,607 10,930 15,467 37,787
Long-Term Debt		 15,224 26,742 20,589 9,892 9,137 13,625 33,484
Other Long-Term Liabilities		 1,042 2,209 2,046 1,598 1,621 1,842 4,303
Total Equity & Noncontrolling Interests		 3,516 7,882 9,760 8,476 8,302 9,043 22,898
Total Preferred & Common Equity		 3,511 491 666 577 625 702 22,898
Preferred Stock		 - - - - - 0.00 0.00
Total Common Equity		 3,511 491 666 577 625 702 22,898
Common Stock		 0.00 283 288 276 341 389 22,774
Retained Earnings		 0.00 207 378 300 284 313 124

Quarterly Balance Sheets for Rocket Companies

This table presents Rocket Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 22,601 21,202 20,856 20,649 22,219 23,649 25,118 25,251 30,360 33,576 59,439
Cash and Due from Banks		 826 893 883 957 861 1,309 1,228 1,409 5,091 5,836 2,687
Trading Account Securities		 9,123 8,439 8,444 8,013 9,416 9,487 10,978 9,599 11,169 11,658 13,928
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 274 267 263 256 243 233 229 203 194 201 273
Goodwill		 - 1,253 1,248 1,242 1,246 1,240 1,234 1,224 - 3,283 10,611
Intangible Assets		 - - - - - - - - 1,221 - 2,109
Other Assets		 12,300 10,277 9,982 10,407 10,198 11,154 11,177 12,795 12,648 12,230 29,831
Total Liabilities & Shareholders' Equity		 22,601 21,202 20,856 20,649 22,219 23,649 25,118 25,251 30,360 33,576 59,439
Total Liabilities		 13,689 13,093 12,491 12,142 13,610 14,835 16,766 16,667 22,911 24,725 36,209
Long-Term Debt		 11,222 11,316 10,758 10,340 11,954 13,138 14,926 14,489 20,042 21,958 31,677
Other Long-Term Liabilities		 2,233 1,612 1,589 1,586 1,467 1,491 1,663 1,972 2,870 2,469 4,532
Total Equity & Noncontrolling Interests		 8,911 8,109 8,365 8,506 8,609 8,814 8,352 8,584 7,449 8,851 23,230
Total Preferred & Common Equity		 559 576 591 612 651 659 652 584 7,449 8,851 23,230
Preferred Stock		 - - - - - - - - 0.00 0.00 0.00
Total Common Equity		 559 576 591 612 651 659 652 584 7,449 8,851 23,230
Common Stock		 242 295 302 317 351 358 373 404 7,272 8,798 22,809
Retained Earnings		 316 281 289 295 300 301 279 180 179 55 421

Annual Metrics And Ratios for Rocket Companies

This table displays calculated financial ratios and metrics derived from Rocket Companies' official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - 2,815,890,012.00
DEI Adjusted Shares Outstanding		 - - - - - - - 2,815,890,012.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - -0.08
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 55.95% 208.73% -17.48% -54.79% -34.93% 34.26% 31.25%
EBITDA Growth		 0.00% 40.92% 880.81% -34.84% -86.65% -135.01% 366.88% -90.27%
EBIT Growth		 0.00% 46.32% 953.87% -35.11% -88.00% -154.31% 265.81% -132.04%
NOPAT Growth		 0.00% 45.91% 947.71% -35.40% -88.47% -140.29% 325.45% -123.55%
Net Income Growth		 0.00% 45.91% 947.71% -35.40% -88.47% -155.73% 263.00% -136.79%
EPS Growth		 0.00% 0.00% 0.00% 31.82% -87.93% -153.57% 240.00% -123.81%
Operating Cash Flow Growth		 0.00% -587.62% 75.96% 561.67% 39.77% -98.98% -2,483.09% -49.32%
Free Cash Flow Firm Growth		 0.00% 0.00% 62.82% 259.04% 19.79% -94.93% -810.73% -637.31%
Invested Capital Growth		 0.00% 0.00% 85.14% -13.08% -39.63% -5.05% 29.99% 148.73%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -20.67% -26.56% 5.94% 26.72% 15.99%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -25.67% -61.86% 47.53% 659.49% -83.26%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -25.83% -64.72% 39.45% 367.42% -173.31%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -24.55% -65.99% 39.45% 463.60% -143.24%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -24.55% -65.99% 39.99% 359.02% -167.55%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -28.17% -63.64% 40.00% 240.00% -138.46%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 64.60% 45.52% -22.75% 269.87% 14.59% -359.71%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -15.56% -36.93% 0.29% -371.36%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -8.87% -9.69% -7.47% -2.62% 83.00%
Profitability Metrics		 - - - - - - - -
EBITDA Margin		 21.38% 19.32% 61.38% 48.47% 14.32% -7.70% 15.31% 1.14%
EBIT Margin		 19.02% 17.84% 60.90% 47.89% 12.71% -10.60% 13.10% -3.20%
Profit (Net Income) Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -10.27% 12.47% -3.50%
Tax Burden Percent		 99.48% 99.19% 98.61% 98.18% 94.34% 96.82% 95.18% 109.35%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.52% 0.81% 1.39% 1.82% 5.66% 0.00% 4.82% 0.00%
Return on Invested Capital (ROIC)		 0.00% 9.49% 34.87% 18.56% 2.87% -1.58% 3.17% -0.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 9.49% 34.87% 18.56% 2.87% -2.71% 3.17% -0.74%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 41.55% 130.06% 50.28% 4.81% -3.07% 4.16% -1.09%
Return on Equity (ROE)		 0.00% 51.04% 164.93% 68.84% 7.68% -4.65% 7.33% -1.47%
Cash Return on Invested Capital (CROIC)		 0.00% -190.51% -24.84% 32.55% 52.29% 3.61% -22.91% -85.68%
Operating Return on Assets (OROA)		 0.00% 4.49% 33.06% 17.59% 2.81% -2.05% 3.05% -0.50%
Return on Assets (ROA)		 0.00% 4.46% 32.60% 17.27% 2.65% -1.98% 2.91% -0.55%
Return on Common Equity (ROCE)		 0.00% 50.97% 57.90% 4.51% 0.52% -0.33% 0.56% -1.08%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 25.56% 1,916.26% 912.20% 121.37% -62.42% 90.51% -1.02%
Net Operating Profit after Tax (NOPAT)		 615 897 9,399 6,072 700 -282 636 -150
NOPAT Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -7.42% 12.47% -2.24%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 1.14% 0.00% 0.36%
SG&A Expenses to Revenue		 79.42% 58.94% 26.76% 35.67% 64.12% 78.80% 60.49% 65.65%
Operating Expenses to Revenue		 80.98% 82.16% 39.10% 52.11% 87.29% 110.60% 86.90% 103.20%
Earnings before Interest and Taxes (EBIT)		 618 904 9,532 6,185 742 -403 668 -214
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 695 979 9,606 6,260 836 -293 781 76
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.51 72.63 38.76 23.92 45.93 31.97 2.38
Price to Tangible Book Value (P/TBV)		 0.00 0.51 72.63 0.00 0.00 0.00 0.00 5.42
Price to Revenue (P/Rev)		 0.55 0.36 2.28 2.00 2.36 7.56 4.40 8.14
Price to Earnings (P/E)		 0.00 0.00 179.98 83.72 297.16 0.00 764.74 0.00
Dividend Yield		 0.00% 0.00% 0.00% 8.53% 14.43% 0.00% 0.00% 4.13%
Earnings Yield		 0.00% 0.00% 0.56% 1.19% 0.34% 0.00% 0.13% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.83 1.95 1.75 1.68 2.54 1.90 1.51
Enterprise Value to Revenue (EV/Rev)		 0.00 3.10 4.35 4.13 5.27 11.68 8.46 12.74
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 16.07 7.09 8.52 36.84 0.00 55.24 1,122.42
Enterprise Value to EBIT (EV/EBIT)		 0.00 17.40 7.14 8.63 41.51 0.00 64.57 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 17.54 7.24 8.79 44.00 0.00 67.84 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 6.89 2.85 402.26 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 5.01 2.41 68.67 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 4.38 3.44 2.12 1.17 1.10 1.51 1.46
Long-Term Debt to Equity		 0.00 4.33 3.39 2.11 1.17 1.10 1.51 1.46
Financial Leverage		 0.00 4.38 3.73 2.71 1.68 1.13 1.31 1.47
Leverage Ratio		 0.00 5.72 5.06 3.99 2.90 2.34 2.52 2.67
Compound Leverage Factor		 0.00 5.72 5.06 3.99 2.90 2.34 2.52 2.67
Debt to Total Capital		 0.00% 81.40% 77.48% 67.92% 53.86% 52.40% 60.11% 59.39%
Short-Term Debt to Total Capital		 0.00% 0.87% 1.07% 0.25% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 80.53% 76.41% 67.67% 53.86% 52.40% 60.11% 59.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.03% 21.12% 29.89% 43.00% 44.02% 36.79% 0.00%
Common Equity to Total Capital		 0.00% 18.57% 1.40% 2.19% 3.14% 3.58% 3.10% 40.61%
Debt to EBITDA		 0.00 15.71 2.82 3.30 11.83 -31.23 17.45 440.58
Net Debt to EBITDA		 0.00 14.23 2.61 2.95 10.89 -27.34 15.80 405.11
Long-Term Debt to EBITDA		 0.00 15.54 2.78 3.29 11.83 -31.23 17.45 440.58
Debt to NOPAT		 0.00 17.15 2.89 3.40 14.13 -32.40 21.43 -223.52
Net Debt to NOPAT		 0.00 15.53 2.67 3.04 13.01 -28.37 19.40 -205.53
Long-Term Debt to NOPAT		 0.00 16.97 2.85 3.39 14.13 -32.40 21.43 -223.52
Noncontrolling Interest Sharing Ratio		 0.00% 0.14% 64.90% 93.45% 93.19% 92.84% 92.35% 26.11%
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -18,008 -6,695 10,648 12,756 646 -4,594 -33,864
Operating Cash Flow to CapEx		 2,219.81% -14,288.37% -1,577.28% 6,546.51% 11,622.67% 182.86% -3,894.65% -4,315.38%
Free Cash Flow to Firm to Interest Expense		 0.00 -133.47 -27.27 40.78 76.66 3.13 -14.56 -90.06
Operating Cash Flow to Interest Expense		 14.41 -51.73 -6.83 29.65 65.05 0.53 -8.33 -10.44
Operating Cash Flow Less CapEx to Interest Expense		 13.76 -52.09 -7.27 29.20 64.49 0.24 -8.55 -10.69
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.25 0.54 0.37 0.22 0.19 0.23 0.16
Fixed Asset Turnover		 0.00 28.73 80.75 55.48 22.09 14.47 21.95 28.25
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 18,905 35,000 30,423 18,367 17,439 22,669 56,382
Invested Capital Turnover		 0.00 0.54 0.58 0.39 0.24 0.21 0.25 0.17
Increase / (Decrease) in Invested Capital		 0.00 18,905 16,095 -4,576 -12,056 -928 5,229 33,714
Enterprise Value (EV)		 0.00 15,739 68,082 53,349 30,796 44,381 43,137 85,304
Market Capitalization		 1,800 1,800 35,627 25,803 13,795 28,703 22,460 54,516
Book Value per Share		 $0.00 $35.11 $0.25 $0.34 $0.29 $0.32 $0.35 $8.13
Tangible Book Value per Share		 $0.00 $35.11 $0.25 ($0.32) ($0.35) ($0.31) ($0.26) $3.57
Total Capital		 0.00 18,905 35,000 30,423 18,367 17,439 22,669 56,382
Total Debt		 0.00 15,389 27,117 20,664 9,892 9,137 13,625 33,484
Total Long-Term Debt		 0.00 15,224 26,742 20,589 9,892 9,137 13,625 33,484
Net Debt		 0.00 13,934 25,063 18,452 9,103 8,001 12,336 30,788
Capital Expenditures (CapEx)		 64 49 106 118 93 60 68 91
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 108 0.00 84
Net Nonoperating Obligations (NNO)		 0.00 15,389 27,117 20,664 9,892 9,137 13,625 33,484
Total Depreciation and Amortization (D&A)		 77 75 74 75 94 110 113 290
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.77 $2.36 $0.39 ($0.12) $0.21 ($0.05)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 111.93M 130.58M 120.58M 128.64M 141.04M 1.32B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.76 $2.32 $0.28 ($0.15) $0.21 ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 116.24M 1.99B 1.97B 1.98B 141.04M 1.32B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.98B 1.97B 1.97B 1.99B 2.00B 2.82B
Normalized Net Operating Profit after Tax (NOPAT)		 615 897 9,399 6,072 700 -282 636 -150
Normalized NOPAT Margin		 18.92% 17.70% 60.06% 47.02% 11.99% -7.42% 12.47% -2.24%
Pre Tax Income Margin		 19.02% 17.84% 60.90% 47.89% 12.71% -10.60% 13.10% -3.20%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 6.22 6.70 38.82 23.68 4.46 -1.95 2.12 -0.57
NOPAT to Interest Expense		 6.19 6.65 38.28 23.25 4.21 -1.37 2.01 -0.40
EBIT Less CapEx to Interest Expense		 5.57 6.34 38.39 23.23 3.90 -2.24 1.90 -0.81
NOPAT Less CapEx to Interest Expense		 5.54 6.29 37.85 22.80 3.65 -1.66 1.80 -0.64
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 14.63% 0.00% 0.00% 0.00% 0.00% -102.99%
Augmented Payout Ratio		 0.00% 0.00% 14.63% 3.81% 25.39% 0.00% 0.00% -102.99%

Quarterly Metrics And Ratios for Rocket Companies

This table displays calculated financial ratios and metrics derived from Rocket Companies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 2,815,890,012.00 2,819,815,377.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 2,815,890,012.00 2,819,815,377.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.02 0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.07% 44.30% 107.74% 5.22% -46.23% 155.03% -25.04% 4.58% 148.13% 52.13% 161.29%
EBITDA Growth		 11.25% 55.07% 184.45% 34.40% -422.67% 425.57% -160.30% -76.47% 77.42% -53.67% 378.57%
EBIT Growth		 10.60% 51.94% 171.73% 38.79% -522.80% 377.87% -174.77% -87.37% 62.96% -74.95% 279.37%
NOPAT Growth		 19.46% 51.94% 199.84% 27.86% -402.86% 481.46% -153.72% -80.84% 62.96% -89.49% 290.26%
Net Income Growth		 19.46% 52.77% 170.65% 27.86% -518.83% 378.74% -173.08% -80.84% 74.27% -89.49% 240.09%
EPS Growth		 0.00% 55.56% 168.75% -80.00% -575.00% 450.00% -172.73% -200.00% 68.42% -64.29% 225.00%
Operating Cash Flow Growth		 -89.12% 14.38% -126.30% 56.41% -507.26% 32.23% 73.55% -1,412.42% 96.24% -166.74% 333.29%
Free Cash Flow Firm Growth		 -87.79% -93.52% -128.66% -166.43% -397.73% -704.08% -214.62% -107.57% -60.23% -634.61% -1,083.13%
Invested Capital Growth		 -7.33% -5.05% 5.86% 14.80% 23.52% 29.99% 12.20% 25.23% 32.35% 148.73% 137.97%
Revenue Q/Q Growth		 -2.67% -42.34% 99.44% -6.00% -50.26% 173.50% -41.38% 31.14% 18.01% 67.71% -3.72%
EBITDA Q/Q Growth		 -11.28% -248.91% 250.42% -32.37% -313.00% 250.25% -127.86% 126.40% -304.40% 408.21% 67.35%
EBIT Q/Q Growth		 -14.99% -306.51% 222.83% -35.64% -358.96% 235.72% -133.05% 110.87% -859.20% 191.77% 136.63%
NOPAT Q/Q Growth		 -17.40% -247.93% 270.97% -38.80% -295.66% 286.32% -124.08% 121.83% -478.24% 152.90% 335.41%
Net Income Q/Q Growth		 -17.40% -302.44% 224.93% -38.80% -370.58% 234.73% -132.75% 116.05% -463.33% 155.07% 335.41%
EPS Q/Q Growth		 -20.00% -300.00% 237.50% -90.91% -2,000.00% 247.37% -128.57% 87.50% -500.00% 266.67% 0.00%
Operating Cash Flow Q/Q Growth		 217.01% 324.48% -316.14% 95.94% -993.25% 237.82% -143.24% -132.13% 97.28% -2,345.99% 251.02%
Free Cash Flow Firm Q/Q Growth		 -59.78% -52.77% -211.73% -212.97% -80.27% 4.17% 41.81% -106.49% -39.16% -339.27% 6.27%
Invested Capital Q/Q Growth		 -1.44% -7.47% 17.91% 6.76% 6.04% -2.62% 1.78% 19.15% 12.07% 83.00% -2.62%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 12.07% -31.18% 23.52% 16.92% -72.45% 39.80% -18.91% 3.81% -6.59% 12.12% 21.06%
EBIT Margin		 9.78% -35.01% 21.56% 14.76% -76.87% 38.15% -21.51% 1.78% -11.47% 6.28% 15.43%
Profit (Net Income) Margin		 9.55% -33.54% 21.01% 13.68% -74.41% 36.66% -20.48% 2.51% -7.72% 2.53% 11.46%
Tax Burden Percent		 97.72% 95.80% 97.43% 92.65% 96.80% 96.10% 95.22% 140.50% 67.24% 40.35% 74.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 2.28% 0.00% 2.57% 7.35% 0.00% 3.90% 0.00% -40.50% 0.00% 59.65% 25.75%
Return on Invested Capital (ROIC)		 1.75% -5.20% 4.75% 3.05% -10.28% 9.32% -3.28% 0.49% -1.71% 0.43% 2.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.75% -5.86% 4.75% 3.05% -11.34% 9.32% -3.71% 0.49% -1.69% 0.43% 2.44%
Return on Net Nonoperating Assets (RNNOA)		 2.19% -6.65% 6.61% 4.24% -16.99% 12.24% -5.70% 1.00% -3.62% 0.63% 3.54%
Return on Equity (ROE)		 3.93% -11.85% 11.35% 7.30% -27.28% 21.56% -8.98% 1.48% -5.33% 1.06% 5.98%
Cash Return on Invested Capital (CROIC)		 5.23% 3.61% -4.13% -12.07% -21.87% -22.91% -10.89% -22.46% -26.56% -85.68% -80.94%
Operating Return on Assets (OROA)		 1.62% -6.77% 4.49% 3.04% -13.52% 8.90% -4.31% 0.32% -2.26% 0.99% 3.02%
Return on Assets (ROA)		 1.58% -6.48% 4.37% 2.82% -13.09% 8.55% -4.10% 0.45% -1.52% 0.40% 2.24%
Return on Common Equity (ROCE)		 0.26% -0.85% 0.83% 0.53% -2.05% 1.65% -0.65% 0.74% -2.94% 0.78% 4.47%
Return on Equity Simple (ROE_SIMPLE)		 -106.24% 0.00% 47.92% 53.27% -37.63% 0.00% 22.72% -0.15% 3.91% 0.00% 1.18%
Net Operating Profit after Tax (NOPAT)		 115 -170 291 178 -348 649 -156 34 -129 68 297
NOPAT Margin		 9.55% -24.51% 21.01% 13.68% -53.81% 36.66% -15.06% 2.51% -8.03% 2.53% 11.46%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.66% 0.00% 0.00% 1.06% 0.00% 0.43% 0.00% -0.03% 0.00% 0.00%
SG&A Expenses to Revenue		 65.08% 90.46% 54.01% 58.76% 124.90% 43.26% 85.34% 66.13% 71.58% 54.28% 54.94%
Operating Expenses to Revenue		 90.22% 135.01% 78.44% 85.24% 176.87% 61.85% 121.51% 98.22% 111.47% 93.72% 84.57%
Earnings before Interest and Taxes (EBIT)		 118 -243 298 192 -497 675 -223 24 -184 169 400
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 145 -216 325 220 -469 704 -196 52 -106 326 546
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 26.43 45.93 44.28 41.36 58.52 31.97 41.26 3.81 4.61 2.38 1.73
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.55 7.32 5.42 3.82
Price to Revenue (P/Rev)		 4.51 7.56 6.39 5.95 9.48 4.40 5.07 5.89 7.07 8.14 4.84
Price to Earnings (P/E)		 0.00 0.00 1,500.32 2,082.45 0.00 764.74 8,691.91 0.00 0.00 0.00 168.13
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.63% 5.64% 4.13% 4.13% 0.00%
Earnings Yield		 0.00% 0.00% 0.07% 0.05% 0.00% 0.13% 0.01% 0.00% 0.00% 0.00% 0.59%
Enterprise Value to Invested Capital (EV/IC)		 1.77 2.54 2.33 2.15 2.56 1.90 1.96 1.57 1.85 1.51 1.26
Enterprise Value to Revenue (EV/Rev)		 9.32 11.68 10.60 10.30 14.80 8.46 9.50 8.99 9.86 12.74 8.34
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 114.48 99.49 0.00 55.24 174.08 475.06 125.31 1,122.42 84.56
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 153.66 129.26 0.00 64.57 308.05 0.00 194.87 0.00 169.13
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 153.34 134.51 0.00 67.84 340.35 0.00 164.22 0.00 251.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 402.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 32.61 68.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.22 1.10 1.39 1.49 1.79 1.51 1.69 2.69 2.48 1.46 1.36
Long-Term Debt to Equity		 1.22 1.10 1.39 1.49 1.79 1.51 1.69 2.69 2.48 1.46 1.36
Financial Leverage		 1.25 1.13 1.39 1.39 1.50 1.31 1.54 2.04 2.14 1.47 1.45
Leverage Ratio		 2.48 2.34 2.60 2.59 2.71 2.52 2.76 3.32 3.41 2.67 2.66
Compound Leverage Factor		 2.48 2.34 2.60 2.59 2.71 2.52 2.76 3.32 3.41 2.67 2.66
Debt to Total Capital		 54.87% 52.40% 58.13% 59.85% 64.12% 60.11% 62.80% 72.90% 71.27% 59.39% 57.69%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 54.87% 52.40% 58.13% 59.85% 64.12% 60.11% 62.80% 72.90% 71.27% 59.39% 57.69%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 41.89% 44.02% 38.70% 37.15% 33.08% 36.79% 34.67% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 3.25% 3.58% 3.17% 3.00% 2.80% 3.10% 2.53% 27.10% 28.73% 40.61% 42.31%
Debt to EBITDA		 -18.54 -31.23 28.59 27.70 -106.93 17.45 55.86 219.93 48.37 440.58 38.72
Net Debt to EBITDA		 -16.76 -27.34 26.46 24.88 -97.99 15.80 50.35 163.82 35.47 405.11 35.44
Long-Term Debt to EBITDA		 -18.54 -31.23 28.59 27.70 -106.93 17.45 55.86 219.93 48.37 440.58 38.72
Debt to NOPAT		 -22.20 -32.40 38.30 37.44 -85.36 21.43 109.21 -1,350.45 63.39 -223.52 115.19
Net Debt to NOPAT		 -20.07 -28.37 35.44 33.63 -78.22 19.40 98.44 -1,005.90 46.48 -205.53 105.42
Long-Term Debt to NOPAT		 -22.20 -32.40 38.30 37.44 -85.36 21.43 109.21 -1,350.45 63.39 -223.52 115.19
Noncontrolling Interest Sharing Ratio		 93.28% 92.84% 92.66% 92.73% 92.50% 92.35% 92.81% 50.15% 44.76% 26.11% 25.15%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,606 758 -847 -2,652 -4,780 -4,581 -2,666 -5,504 -7,660 -33,646 -31,537
Operating Cash Flow to CapEx		 1,582.93% 0.00% -21,478.02% -763.55% -7,136.76% 9,844.94% -5,690.86% -11,937.83% -233.72% -3,074.92% 4,318.60%
Free Cash Flow to Firm to Interest Expense		 23.94 16.89 -16.47 -32.62 -46.95 -56.53 -41.63 -60.57 -84.38 -258.21 -90.37
Operating Cash Flow to Interest Expense		 4.90 31.04 -58.56 -1.50 -13.13 22.74 -12.45 -20.36 -0.55 -9.44 5.32
Operating Cash Flow Less CapEx to Interest Expense		 4.59 31.05 -58.84 -1.70 -13.32 22.51 -12.66 -20.53 -0.79 -9.74 5.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.19 0.21 0.21 0.18 0.23 0.20 0.18 0.20 0.16 0.20
Fixed Asset Turnover		 13.51 14.47 17.69 18.45 16.57 21.95 21.30 22.54 26.81 28.25 34.86
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 18,847 17,439 20,563 21,952 23,279 22,669 23,073 27,490 30,809 56,382 54,907
Invested Capital Turnover		 0.18 0.21 0.23 0.22 0.19 0.25 0.22 0.19 0.21 0.17 0.21
Increase / (Decrease) in Invested Capital		 -1,491 -928 1,138 2,830 4,432 5,229 2,509 5,538 7,531 33,714 31,834
Enterprise Value (EV)		 33,417 44,381 47,860 47,197 59,555 43,137 45,154 43,290 56,886 85,304 69,172
Market Capitalization		 16,174 28,703 28,842 27,240 38,178 22,460 24,094 28,362 40,786 54,516 40,182
Book Value per Share		 $0.31 $0.32 $4.76 $0.33 $0.33 $0.35 $0.29 $3.72 $4.21 $8.13 $8.24
Tangible Book Value per Share		 ($0.32) ($0.31) ($4.34) ($0.29) ($0.29) ($0.26) ($0.32) $3.11 $2.65 $3.57 $3.73
Total Capital		 18,847 17,439 20,563 21,952 23,279 22,669 23,073 27,490 30,809 56,382 54,907
Total Debt		 10,340 9,137 11,954 13,138 14,926 13,625 14,489 20,042 21,958 33,484 31,677
Total Long-Term Debt		 10,340 9,137 11,954 13,138 14,926 13,625 14,489 20,042 21,958 33,484 31,677
Net Debt		 9,348 8,001 11,060 11,801 13,678 12,336 13,060 14,928 16,101 30,788 28,990
Capital Expenditures (CapEx)		 21 -0.54 14 16 19 19 14 15 22 40 43
Net Nonoperating Expense (NNE)		 0.00 63 0.00 0.00 133 0.00 56 0.00 -5.08 0.00 0.00
Net Nonoperating Obligations (NNO)		 10,340 9,137 11,954 13,138 14,926 13,625 14,489 20,042 21,958 33,484 31,677
Total Depreciation and Amortization (D&A)		 28 27 27 28 29 29 27 28 78 157 146
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.05 ($0.08) $0.12 $0.01 ($0.16) $0.24 ($0.07) ($0.01) ($0.06) $0.09 $0.11
Adjusted Weighted Average Basic Shares Outstanding		 129.39M 128.64M 136.99M 139.65M 141.76M 141.04M 147.72M 171.44M 2.11B 1.32B 2.83B
Adjusted Diluted Earnings per Share		 $0.04 ($0.08) $0.11 $0.01 ($0.19) $0.28 ($0.08) ($0.01) ($0.06) $0.10 $0.10
Adjusted Weighted Average Diluted Shares Outstanding		 1.98B 1.98B 1.99B 139.65M 2.00B 141.04M 2.00B 171.44M 2.11B 1.32B 2.85B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.98B 1.99B 1.99B 1.99B 1.99B 2.00B 2.00B 2.10B 2.82B 2.82B 2.83B
Normalized Net Operating Profit after Tax (NOPAT)		 115 -170 291 178 -348 649 -156 17 -129 118 297
Normalized NOPAT Margin		 9.55% -24.51% 21.01% 13.68% -53.81% 36.66% -15.06% 1.25% -8.03% 4.40% 11.46%
Pre Tax Income Margin		 9.78% -35.01% 21.56% 14.76% -76.87% 38.15% -21.51% 1.78% -11.47% 6.28% 15.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.75 -5.41 5.80 2.36 -4.88 8.33 -3.48 0.27 -2.03 1.30 1.15
NOPAT to Interest Expense		 1.71 -3.79 5.65 2.19 -3.42 8.00 -2.44 0.38 -1.42 0.52 0.85
EBIT Less CapEx to Interest Expense		 1.44 -5.40 5.53 2.17 -5.07 8.10 -3.70 0.10 -2.27 0.99 1.02
NOPAT Less CapEx to Interest Expense		 1.40 -3.77 5.38 1.99 -3.60 7.77 -2.66 0.20 -1.66 0.22 0.73
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -102.99% 86.55%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -102.99% 86.55%

Financials Breakdown Chart

Key Financial Trends

Rocket Companies (NYSE: RKT) has shown a mix of strong revenue drivers and cash flow volatility across 2023–2025. Below are the top takeaways focused on the most relevant quarterly data from the latest four years.

  • Total Revenue in Q4 2025 reached about $2.692B, the strongest quarterly level in the dataset, driven by robust non-interest income.
  • Net income attributable to common shareholders in Q4 2025 was about $68.0M, with diluted earnings per share of $0.10 (basic $0.09).
  • Non-interest income in Q4 2025 totaled roughly $2.663B, a major driver of overall revenue and a key characteristic of the company’s earnings mix.
  • Net interest income in Q4 2025 was positive, approximately $28.6M, indicating some support from core interest activities despite a high overall expense base.
  • Net cash from financing activities in Q4 2025 was about $780.4M, showing cash inflows from financing actions despite high debt levels.
  • shows improvement, with Q3 2025 posting a net loss of about $123.9M and Q4 2025 turning profitable to about $68.2M.
  • Balance sheet scale shows total assets around $33.6B (Q3 2025) and total equity around $8.85B, reflecting a substantial asset base and equity cushion.
  • Earnings per share and share count for Q4 2025 indicate Diluted EPS of about $0.10 on roughly 2.82B weighted-average shares outstanding, a reasonable per-share result given a sizable float.
  • Leverage remains high, with Long-Term Debt around $21.96B and Total Liabilities near $24.72B (Q3 2025), indicating a substantial debt burden relative to equity.
  • Operating cash flow volatility, as shown in Q4 2025 where Net cash from continuing operating activities was about -$1.23B, highlighting substantial cash-flow variability even when earnings are positive.
05/14/26 04:31 PM ETAI Generated. May Contain Errors.

Rocket Companies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rocket Companies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Rocket Companies' net income appears to be on a downward trend, with a most recent value of -$234 million in 2025, falling from $614.86 million in 2018. The previous period was $636 million in 2024. See where experts think Rocket Companies is headed by visiting Rocket Companies' forecast page.

Over the last 7 years, Rocket Companies' total revenue changed from $3.25 billion in 2018 to $6.70 billion in 2025, a change of 106.0%.

Rocket Companies' total liabilities were at $37.79 billion at the end of 2025, a 144.3% increase from 2024, and a 127.5% increase since 2019.

In the past 6 years, Rocket Companies' cash and equivalents has ranged from $722.29 million in 2022 to $2.70 billion in 2025, and is currently $2.70 billion as of their latest financial filing in 2025.

Over the last 7 years, Rocket Companies' book value per share changed from 0.00 in 2018 to 8.13 in 2025, a change of 813.2%.


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Financial statements for NYSE:RKT last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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