Rocket Companies, Inc. RKT
We are a Detroit‑based fintech company including mortgage, real estate and personal finance businesses with a mission to Help Everyone Home. We are committed to delivering industry-best client experiences through our AI-powered, vertically integrated homeownership ecosystem. Our full suite of products empowers our clients across home search, mortgage finance and servicing, title and closing, financial wellness and personal loans. We believe our widely recognized "Rocket" brand is synonymous with simple, fast and trusted digital experiences.
Our flagship business, Rocket Mortgage, is the nation's largest mortgage originator by loan units and the nation's largest mortgage servicer with portfolio unpaid principal balance of $2.1 trillion as of December 31, 2025. Servicing loans provides us with the opportunity to build long-term relationships and continually deliver a seamless experience to our clients. We extend the same client-centric and technology-driven experience across both origination and servicing. As of December 31, 2025, the net client retention rate of our servicing portfolio was 97% on an annual basis. We believe there is a strong correlation between this metric and client lifetime value, and we believe these levels are far superior to others in the mortgage industry.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | $2.31B | $1.31B | $2.60B | $8.26B | $11.06B | $2.10B | $1.67B | — |
| SG&A | $1.44B | $893.0M | $803.0M | $906.2M | $1.18B | $1.05B | $685.0M | $592.5M | — |
| Total operating expenses | $6.91B | $4.43B | $4.20B | $5.10B | $6.73B | $6.12B | $4.16B | $3.59B | — |
| Interest expense | $125.0M | $98.0M | $121.0M | $184.2M | $168.9M | $84.1M | $115.8M | $101.6M | — |
| Pre-tax income | -$214.0M | $668.0M | -$403.0M | $741.9M | $6.18B | $9.53B | $904.4M | $618.1M | — |
| Income tax | $20.0M | $32.0M | $13.0M | $42.0M | $112.7M | $132.4M | $7.3M | $3.2M | — |
| Net income | -$234.0M | $640.0M | -$390.0M | $700.0M | $6.10B | $198.0M | $0 | $0 | — |
| 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 | — | — | — |
| Shares, diluted (wtd. avg.) | $1.32B | $141.0M | $1.98B | $1.97B | $1.99B | $116.2M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.70B | $1.27B | $1.11B | $789.0M | $2.21B | $2.05B | $1.46B | $1.14B | $1.47B |
| Property, plant and equipment | $260.0M | $214.0M | $250.9M | $274.2M | $254.4M | $211.2M | $176.4M | — | — |
| Goodwill | $10.61B | $1.14B | $1.10B | $1.10B | $1.15B | $17.9M | — | — | — |
| Other intangibles | $2.22B | $91.0M | $100.5M | $122.6M | $148.0M | — | — | — | — |
| Total assets | $60.69B | $24.51B | $19.23B | $20.08B | $32.77B | $37.53B | $20.12B | — | — |
| Total liabilities | $37.79B | $15.47B | $10.93B | $11.61B | $23.02B | $29.65B | $16.61B | — | — |
| Retained earnings | $124.0M | $313.0M | $284.3M | $300.4M | $378.0M | $207.4M | $0 | — | — |
| Total equity | $22.90B | $9.04B | $8.30B | $8.47B | $9.76B | $7.88B | $3.52B | $2.79B | $2.84B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.93B | -$2.63B | $111.0M | $10.82B | $7.74B | -$1.68B | -$6.98B | $1.43B | — |
| Depreciation and amortisation | $104.0M | $89.0M | $88.0M | — | — | — | — | — | — |
| Stock-based compensation | $343.0M | $145.0M | $180.0M | $216.0M | $163.7M | $136.2M | $39.7M | $33.6M | — |
| Capital expenditure | $91.0M | $68.0M | $60.0M | $93.1M | $118.3M | $106.3M | $48.8M | $64.5M | — |
| Investing cash flow | -$2.53B | -$496.0M | $861.0M | $578.7M | -$664.9M | $517.2M | $71.9M | -$94.5M | — |
| Financing cash flow | $8.10B | $3.28B | -$624.0M | -$12.82B | -$6.92B | $1.76B | $7.23B | -$1.67B | — |
| Buybacks | — | $0 | $0 | $177.7M | $231.6M | $0 | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001805284-26-000056.
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