Rocket Companies, Inc.
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RKT Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Gain Loss On Sales Of Loans Excluding Fair Value Of Mortgage Servicing Rights Net | 688 | 507 | +35.7% |
| Mortgage Servicing Right Fair Value On Origination | 688 | 265 | +159.6% |
| Gain Loss On Sales Of Loans Net | 1,376 | 772 | +78.2% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | 1,162 | 660 | +76.1% |
| Partner Network · Operating Segments | 187 | 96 | +94.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 27 | 16 | +68.8% |
| Operating Segments | 1,349 | 756 | +78.4% |
| Contractually Specified Servicing Fees Amount | 1,083 | 401 | +170.1% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | 1,080 | 400 | +170.0% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 3 | 1 | +200.0% |
| Operating Segments | 1,080 | 400 | +170.0% |
| Mortgage Servicing Rights M S R Change In Fair Value | -485 | -449 | -8.0% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | -485 | -449 | -8.0% |
Show Consolidation Items breakouts |
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| Operating Segments | -485 | -449 | -8.0% |
| Loan Servicing Income Loss | 598 | -48 | +1345.8% |
| Interest Income Expense Net | 507 | 201 | +152.2% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | 376 | 131 | +187.0% |
| Partner Network · Operating Segments | 104 | 42 | +147.6% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 27 | 28 | -3.6% |
| Operating Segments | 480 | 173 | +177.5% |
| Other Income | 460 | 176 | +161.4% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | 95 | 51 | +86.3% |
| Partner Network · Operating Segments | 9 | 5 | +80.0% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 356 | 120 | +196.7% |
| Operating Segments | 104 | 56 | +85.7% |
Show Related Party Transactions By Related Party breakouts |
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| Related Party | 1 | 1 | 0.0% |
| Revenues Net Of Interest Expense | 2,941 | 1,101 | +167.1% |
Show Business Segments breakouts |
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| Direct to Consumer · Operating Segments | 2,228 | 793 | +181.0% |
| Partner Network · Operating Segments | 300 | 143 | +109.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 413 | 165 | +150.3% |
| Operating Segments | 2,528 | 936 | +170.1% |
| Labor And Related Expense | 1,079 | 610 | +76.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 485 | 237 | +104.6% |
| General & Administrative | 535 | 261 | +105.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 314 | 162 | +93.8% |
Show Related Party Transactions By Related Party breakouts |
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| Related Party | 18 | 11 | +63.6% |
| Marketing And Advertising Expense | 345 | 276 | +25.0% |
Show Related Party Transactions By Related Party breakouts |
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| Related Party | 2 | 3 | -33.3% |
| Interest Expense | 349 | 109 | +220.2% |
| Depreciation And Amortization | 146 | 27 | +440.7% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 146 | 27 | +440.7% |
| Other Noninterest Expense | 87 | 41 | +112.2% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 1 | 3 | -66.7% |
| Total Costs & Expenses | 2,541 | 1,324 | +91.9% |
| Income Before Taxes | 400 | -223 | +279.4% |
| Income Tax Expense (Benefit) | -103 | 11 | -1036.4% |
| Net Income | 297 | -212 | +240.1% |
Show Equity Components breakouts |
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| Retained Earnings | 297 | -10 | +3070.0% |
| Net Income | 297 | -10 | +3070.0% |
| EPS (Basic) | 0.11 | -0.07 | +257.1% |
| EPS (Diluted) | 0.1 | -0.08 | +225.0% |
| Wtd Avg Shares (Basic) | 2,828,455,368 | 147,717,296 | +1814.8% |
Show Statement Class Of Stock breakouts |
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| Class L common shares | 1,848,879,455 | — | — |
| Common Class A | 979,575,913 | 147,717,296 | +563.1% |
| Wtd Avg Shares (Diluted) | 2,846,974,742 | 2,001,936,379 | +42.2% |
| Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest | 297 | -212 | +240.1% |
| Comprehensive Income | 297 | -10 | +3070.0% |
| Revenue (Q) | — | — | — |
Show Product Lines breakouts |
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| Appraisal Revenue | 11 | 9 | +22.2% |
| Closing Fees | 49 | 24 | +104.2% |
| License · Zillow, Inc | 42 | — | — |
| Real Estate Brokerage | 138 | — | — |
| Real Estate Exchange Revenue | 15 | — | — |
| Real Estate Partner Revenue | 9 | 10 | -10.0% |
| Subscription Revenue | 103 | 85 | +21.2% |
| Net Income Loss Available To Common Stockholders Basic | 297 | -10 | +3070.0% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,687 | 1,409 | +90.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 273 | 202,966 | -99.9% |
| Goodwill | 10,611 | — | — |
| Total Assets | 59,439 | — | — |
| Other Assets | |||
| Mortgages Held For Sale Fair Value Disclosure | 13,928 | 9,599,477 | -99.9% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level2 | 13,664 | — | — |
| Fair Value Inputs Level3 | 264 | — | — |
| Fair Value Inputs Level3 · Financing Receivables Equal To Greater Than90 Days Past Due | 128 | — | — |
Show Fair Value By Asset Class breakouts |
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| Assets of the consolidated CFE | 126 | 148,103 | -99.9% |
| Mortgage Loans Held for Sale | 13,928 | 9,599,477 | -99.9% |
| Non-Mortgage Loans Held for Sale | 411 | 343,407 | -99.9% |
| Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value | 734 | — | — |
Show Derivative Risk breakouts |
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| Forward Contracts · Other Assets | 360 | — | — |
| Interest Rate Lock Commitments · Other Assets | 361 | — | — |
| Loan Purchase Commitments · Other Assets | 4 | — | — |
| Treasury futures · Other Assets | 9 | — | — |
| Servicing Asset At Fair Value Amount | 19,377 | 7,350 | +163.6% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level3 | 19,377 | — | — |
| Advances Receivables Net | 1,623 | — | — |
| Loans Subject To Repurchase Right Asset | 5,365 | 2,758,634 | -99.8% |
| Intangible Assets Net Excluding Goodwill | 2,109 | — | — |
| Other Assets | 2,732 | 1,587,124 | -99.8% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 4,172 | — | — |
| Total Liabilities | 36,209 | 16,667,240 | -99.8% |
| Long-Term Debt | 10,430 | — | — |
Show Long-Term Debt Type breakouts |
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| Unsecured Debt | 10,430 | — | — |
| Other Liabilities | |||
| Secured Debt | 15,882 | — | — |
| Unsecured Debt | 10,430 | — | — |
| Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value | 360 | — | — |
Show Derivative Risk breakouts |
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| Forward Contracts · Other Liabilities | 229 | — | — |
| Loan Purchase Commitments · Other Liabilities | 9 | — | — |
| Treasury futures · Other Liabilities | 122 | — | — |
| Loans Subject To Repurchase Right Liability | 5,365 | 2,758,634 | -99.8% |
| Stockholders' Equity | |||
| Additional Paid-In Capital | 22,809 | 403,781 | -94.4% |
| Retained Earnings | 421 | 180,223 | -99.8% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 23,230 | 8,584 | +170.6% |
Show Equity Components breakouts |
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| Additional Paid In Capital | 22,809 | 404 | +5545.8% |
| Retained Earnings | 421 | 180 | +133.9% |
| Total Liabilities & Equity | 59,439 | 25,250,877 | -99.8% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Deferred Income Taxes And Tax Credits | 97 | -5 | +2040.0% |
| Mortgage Servicing Rights M S R Impairment Recovery | 325 | 446 | -27.1% |
| Payments For Origination Of Mortgage Loans Held For Sale | -43,633 | -21,003 | -107.7% |
| Proceeds From Sale Of Mortgage Loans Held For Sale | 45,666 | 20,893 | +118.6% |
| Payments To Purchase Other Loans Held For Sale | -453 | -122 | -271.3% |
| Proceeds From Sale Of Other Loans Held For Sale | 452 | 38 | +1089.5% |
| Stock-Based Compensation | 88 | 40 | +120.0% |
| Other Operating Activities Cash Flow Statement | 186 | — | — |
| Increase Decrease In Advance Receivables Net | 415 | — | — |
| Increase Decrease In Other Operating Assets | -329 | -149 | -120.8% |
| Change in Accounts Payable | -72 | 110 | -165.5% |
| Increase Decrease In Other Operating Liabilities | 48 | -87 | +155.2% |
| Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities | 1,560 | -584 | +367.1% |
| Net Cash from Operations | 1,857 | -796 | +333.3% |
| Investing Activities | |||
| Proceeds From Sale Of Mortgage Servicing Rights M S R | 576 | 144 | +300.0% |
| Payments Net Of Returns To Acquire Mortgage Servicing Rights | -188 | -56 | -235.7% |
| Capital Expenditures | -43 | -14 | -207.1% |
| Other Investing Activities | -10 | 1 | -1100.0% |
| Net Cash from Investing | 335 | 75 | +346.7% |
| Noncash Transaction Purchase Of Mortgage Servicing Rights Holdback | 37 | 22 | +68.2% |
| Noncash Transaction Sale Of Mortgage Servicing Rights Holdback | 48 | 23 | +108.7% |
| Financing Activities | |||
| Proceeds From Repayments Of Secured Debt | -2,054 | 889 | -331.0% |
| Proceeds From Payments To Mortgage Serving Rights Financing Liability | -26 | 26 | -200.0% |
| Proceeds From Issuance Of Common Stock | 19 | 8 | +137.5% |
| Tax Withholding for Share Compensation | -88 | -28 | -214.3% |
| Contributions From Distributions To Other Unit Holders Members | -2 | -5 | +60.0% |
| Net Cash from Financing | -2,151 | 861 | -349.8% |
| Other Cash Flow | |||
| Net Change in Cash | 41 | 140 | -70.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,973 | 1,429 | +108.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.