$RKT

Rocket Companies, Inc.

CIK:0001805284|SEC Filings

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Gain on sale of loans
Gain on sale of loans excluding fair value of originated MSRs, net	$ 446	$ 473	$ 1,134	$ 980
Fair value of originated MSRs	759	343	1,447	608
Gain on sale of loans, net	1,205	816	2,581	1,588
Loan servicing income
Servicing fee income	1,066	401	2,149	802
Change in fair value of MSRs, net	(616)	(199)	(1,101)	(648)
Loan servicing income, net	450	202	1,048	154
Interest income	583	237	1,090	438
Other income	546	196	1,006	373
Total revenue, net	2,784	1,451	5,725	2,553
Expenses
Salaries, commissions and team member benefits	1,050	623	2,129	1,233
General and administrative expenses	568	287	1,103	548
Marketing and advertising expenses	291	276	636	552
Interest expense	374	155	723	264
Depreciation and amortization	145	27	291	54
Other expenses	75	59	162	100
Total expenses	2,503	1,427	5,044	2,751
Income (loss) before income taxes	281	24	681	(198)
(Provision for) benefit from income taxes	(52)	10	(155)	20
Net income (loss)	229	34	526	(178)
Net loss (income) attributable to non-controlling interest	1	(36)	1	166
Net income (loss) attributable to Rocket Companies	$ 230	$ (2)	$ 527	$ (12)
Earnings (loss) per share of Participating Common Stock
Basic (in dollars per share)	$ 0.08	$ (0.01)	$ 0.19	$ (0.08)
Diluted (in dollars per share)	$ 0.08	$ (0.01)	$ 0.19	$ (0.08)
Weighted average shares outstanding
Basic (in shares)	2,836,345,108	171,438,105	2,832,422,032	159,643,228
Diluted (in shares)	2,843,538,118	171,438,105	2,843,996,649	159,643,228
Comprehensive income (loss)
Net income (loss)	$ 229	$ 34	$ 526	$ (178)
Cumulative translation adjustment	0	1	0	1
Comprehensive income (loss)	229	35	526	(177)
Comprehensive loss (income) attributable to non-controlling interest	1	(37)	1	165
Comprehensive income (loss) attributable to Rocket Companies	$ 230	$ (2)	$ 527	$ (12)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income (loss)	$ 526	$ (178)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:
Depreciation and amortization	291	54
Provision for (benefit from) deferred income taxes	156	(23)
Fair value of originated MSRs	(1,447)	(608)
Change in fair value of MSRs, net	872	687
Gain on sale of loans excluding fair value of originated MSRs, net	(1,134)	(980)
Disbursements of mortgage loans held for sale	(93,228)	(50,012)
Proceeds from sale of mortgage loans held for sale	94,028	48,759
Disbursements of non-mortgage loans held for sale	(977)	(298)
Proceeds from sale of non-mortgage loans held for sale	901	86
Share-based compensation expense	177	90
Other operating activities	257	(23)
Change in assets and liabilities
Advance receivables, net	497	102
Other assets	(63)	(425)
Accounts payable	(172)	97
Other liabilities	(39)	24
Total adjustments	119	(2,470)
Net cash provided by (used in) operating activities	645	(2,648)
Investing activities
Net proceeds from sale of MSRs	1,371	208
Net purchase of MSRs	(348)	(234)
Purchase of property and equipment, net of disposals	(77)	(30)
Other investing activities	(52)	1
Net cash provided by (used in) investing activities	894	(55)
Financing activities
Net (payments) borrowings on secured financing	(1,297)	2,748
Borrowings on Senior Notes	1,500	4,000
Repayments of Senior Notes	(1,150)	0
Payment of debt issuance costs	(13)	(30)
Net payments on notes payable from unconsolidated affiliates	0	(29)
(Payments to) proceeds from consolidated CFE, net	(50)	90
Stock issuance, net	34	17
Taxes withheld on team members' restricted share award vesting	(105)	(33)
Contributions from (distributions to) other unit holders (members of Holdings)	4	(237)
Net cash (used in) provided by financing activities	(1,077)	6,526
Effects of exchange rate changes on Cash and cash equivalents	0	1
Net increase in Cash and cash equivalents and restricted cash	462	3,824
Cash and cash equivalents and restricted cash, beginning of period	2,934	1,289
Cash and cash equivalents and restricted cash, end of period	3,396	5,113
Supplemental Disclosures of Non-cash Investing Activities
Purchase of mortgage servicing rights holdback	27	21
Sale of mortgage servicing rights holdback	$ 85	$ 15

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 3,103	$ 2,696
Mortgage loans held for sale, at fair value	15,548	15,471
Derivative assets, at fair value	490	360
Mortgage servicing rights, at fair value	18,905	19,442
Advance receivables, net of reserves and discount of $135 and $120, respectively	1,542	2,040
Property and equipment, net of accumulated depreciation of $757 and $695, respectively	277	260
Loans subject to repurchase right from Ginnie Mae	5,768	5,125
Intangible assets, net of accumulated amortization	1,995	2,224
Goodwill	10,611	10,611
Other assets	2,738	2,456
Total assets	60,977	60,685
Liabilities
Secured financing	16,639	17,936
Unsecured financing, net	10,772	10,423
Derivative liabilities, at fair value	85	145
Loans subject to repurchase right from Ginnie Mae	5,768	5,125
Accounts payable and other liabilities	4,167	4,158
Total liabilities	37,431	37,787
Equity
Preferred stock, $0.00001 par value - 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025, none issued and outstanding as of June 30, 2026 and December 31, 2025.	0	0
Additional paid-in capital	22,894	22,774
Retained earnings	651	124
Non-controlling interest	1	0
Total equity	23,546	22,898
Total liabilities and equity	60,977	60,685
Class A common shares
Equity
Common stock	0	0
Class L common shares
Equity
Common stock	$ 0	$ 0