Rocket Companies, Inc.

RKT 10-Q · Q1 2026

RKT Q1 2026 request

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Income Statement

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
Direct to Consumer · Operating Segments 1,162 660 +76.1%
Partner Network · Operating Segments 187 96 +94.8%
Show Consolidation Items breakouts
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
Direct to Consumer · Operating Segments 1,080 400 +170.0%
Show Consolidation Items breakouts
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
Direct to Consumer · Operating Segments -485 -449 -8.0%
Show Consolidation Items breakouts
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
Direct to Consumer · Operating Segments 376 131 +187.0%
Partner Network · Operating Segments 104 42 +147.6%
Show Consolidation Items breakouts
Corporate Non Segment 27 28 -3.6%
Operating Segments 480 173 +177.5%
Other Income 460 176 +161.4%
Show Business Segments breakouts
Direct to Consumer · Operating Segments 95 51 +86.3%
Partner Network · Operating Segments 9 5 +80.0%
Show Consolidation Items breakouts
Corporate Non Segment 356 120 +196.7%
Operating Segments 104 56 +85.7%
Show Related Party Transactions By Related Party breakouts
Related Party 1 1 0.0%
Revenues Net Of Interest Expense 2,941 1,101 +167.1%
Show Business Segments breakouts
Direct to Consumer · Operating Segments 2,228 793 +181.0%
Partner Network · Operating Segments 300 143 +109.8%
Show Consolidation Items breakouts
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
Material Reconciling Items 485 237 +104.6%
General & Administrative 535 261 +105.0%
Show Consolidation Items breakouts
Material Reconciling Items 314 162 +93.8%
Show Related Party Transactions By Related Party breakouts
Related Party 18 11 +63.6%
Marketing And Advertising Expense 345 276 +25.0%
Show Related Party Transactions By Related Party breakouts
Related Party 2 3 -33.3%
Interest Expense 349 109 +220.2%
Depreciation And Amortization 146 27 +440.7%
Show Consolidation Items breakouts
Material Reconciling Items 146 27 +440.7%
Other Noninterest Expense 87 41 +112.2%
Show Consolidation Items breakouts
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
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
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
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

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
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
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
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
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
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
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
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

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.

This table is rendered from the same JSON returned by /api/financials.

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