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Rocket CompaniesRKT

Legal name
Rocket Companies, Inc.
Sector
Financial Services
Industry
Mortgage Bankers & Loan Correspondents
Exchange
NYSE

Stock Price $RKT

Latest filings

You are here#46 of 76 in Financials by market cap

Filing record · 2020–202610-K710-Q208-K108

RKT filed 7 annual reports (10-K), 20 quarterly reports (10-Q) and 108 current reports (8-K) between 2020 and 2026.

  1. Material agreement8-K · Dec ’20Dec ’20
  2. Material agreement8-K · Mar ’22Mar ’22
  3. Leadership change8-K · Aug ’23Aug ’23
  4. FY2025 annual report10-K · Mar ’26Mar ’26

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  8. $6.70B
YoY changeLargest recent move+208.7%in FY20Latest +31.2%

1 older move runs past ±150% (largest +208.7%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All RKT Financial Metrics42 metrics

Income Statement12

Balance Sheet14

Cash Flow12

Per Share4

02—Overview

Rocket Companies Financial Overview 2021–2025

Updated Nov 2, 2026

Rocket Companies absorbed a staggering 62.1% drop in annual residential mortgage originations during FY2022, yet still amassed $10.1 billiona in total liquidity by the close of FY2025. This data reveals a business aggressively pivoting from a rate-sensitive originator into a diversified, consolidated real estate and servicing powerhouse.

The macroeconomic whiplash is undeniable: annual residential mortgage origination volume plummeted from a peak of $351.2 billion in FY2021 to $130.4 billionb in FY2025. Instead of retreating, management used the industry downturn to consolidate market share. Rocket executed major acquisitions of Redfin and Mr. Cooper in FY2025, driving total revenue up 31% to $6.7 billion. While transaction and integration costs pushed the bottom line to a $234 million net loss for the year, underlying operations proved resilient. The integration of Mr. Cooper’s portfolio alone fueled an $855 million surge in servicing fee income, helping adjusted EBITDA expand to $1.3 billion.

Despite the strategic expansion, heavy acquisition expenses temporarily distorted GAAP earnings. The stock closed at $19.36c per share at the end of FY2025, reflecting a negative valuation multiple against an EPS of $-0.05. However, the combined platform rapidly demonstrated its new scale by Q1 2026, generating $2.94 billion in total revenue and $297 million in net income to prove that the upfront consolidation costs are already yielding tangible profitability.

Recent Developments (Q2 and Q3 2026)

Rocket sustained exceptional operational momentum into the second half of 2026. Revenue in Q3 2026 climbed to $3.28 billiond, nearly doubling the prior-year period, while net income swung to a $709 million profit. This growth was fueled by a 65% year-over-year surge in closed origination volume, reaching $137.4 billion through the first nine months of 2026. Management also fortified the balance sheet by issuing $1.5 billion in new senior unsecured notes and securing a $2.5 billion revolving credit facility.

Bulls will highlight the company's accelerating profitability and surging servicing fee income, which exceeded $3.18 billione during the nine-month period. Bears will argue the equity remains richly valued relative to historical performance, trading at a negative P/E ratio on a $12.80 share price as of the October 30, 2026 reporting date, not today.

What to watch: volatility in Mortgage Servicing Rights valuations; contribution margin expansion within the newly unified Mortgage segment.

03—Filings

Recent SEC Filings

  1. 8-KRocket Companies 8-K Report, Financial Results (Oct 29, 2026)Rocket Companies, Inc. (RKT) has reported strong financial results for the third quarter of 2026, demonstrating significant revenue growth and a return to profitability. Total revenue, net, surged to $3.28 billion, a substantial increase from $1.695 billion in the same quarter last year. The company also reported a GAAP net income of $709 million, a significant improvement from a net loss of $124 million in Q3 2025. Adjusted revenue and adjusted net income also showed robust gains, indicating underlying operational strength. Management attributes the improved performance to strategic initiatives focused on market share gains in both purchase and refinance segments, technological investments, and enhanced business economics. The company highlights its market leadership, its successful integration of Redfin and Compass, and the expanding capabilities of its AI-powered platform as key drivers. With a strong liquidity position of $11.4 billion and a significant servicing portfolio, Rocket Companies appears well-positioned for continued growth.
  2. 8-KRocket Companies 8-K Report, Executive Changes (Aug 17, 2026)Rocket Companies (NYSE: RKT) filed an 8-K on August 17, 2026 to report the appointment of Sarah Watterson as an independent Class III director, expanding the Board from nine to ten members. The filing is governance-focused and does not disclose any financial results, guidance, or material transactions. Ms. Watterson brings experience across investment banking and capital markets (Goldman Sachs, Fortress Investment Group), infrastructure development (Brightline West), and senior roles including CEO and Head of Investor Relations, which the company frames as valuable for its capital markets perspective. The Board determined she is independent under SEC and NYSE standards and has no material relationship with the company beyond her directorship, and she and her immediate family have no related-person transactions requiring disclosure under Item 404(a). Her compensation follows the non-affiliated director program: a $75,000 annual cash retainer (prorated for partial years) and an initial RSU grant valued at $215,000 that vests after one year, with ongoing annual equity grants set by the Board. She will also sign the company's standard director indemnification agreement. For investors, this is a routine board refresh with modest cost implications. The press release, furnished under Item 7.01 and not deemed filed, ties the appointment to the company's broader expansion through the Redfin and Mr. Cooper acquisitions, its partnership with Compass International Holdings, and investments in AI and data. The filing itself does not quantify any of those initiatives, so the appointment is best read as a governance signal rather than a change in operating or financial outlook.
  3. 8-KRocket Companies 8-K Report, Financial Results (Aug 6, 2026)Rocket Companies (RKT) reported second-quarter 2026 results that point to a sharp earnings rebound. Total revenue, net rose to $2.78 billion from $1.45 billion a year earlier, and GAAP net income reached $229 million versus $34 million. Adjusted net income was $441 million, up from $75 million, and adjusted EBITDA more than quadrupled to $766 million from $172 million. Management highlighted record purchase (6.2%) and refinance (14.3%) market share and the company's most profitable quarter in four years. Much of the year-over-year improvement reflects the Mr. Cooper and Redfin acquisitions, which expanded the servicing portfolio to $2.0 trillion UPB and added significant amortization and interest expense, so the comparison is not like-for-like. Quality of earnings deserves attention. Gain on sale margin on total closed volume was 2.48%, with correspondent at just 0.19% and Rocket Pro at 0.69%, reflecting deliberate investments in broker partner growth. Interest expense nearly tripled, and GAAP net income relies heavily on fair value of originated MSRs (a $759 million contribution in Q2) offset by a $616 million negative change in MSR fair value. Total liquidity of $11.2 billion and a $1.5 billion senior notes refinancing in June strengthen the balance sheet, but the company guided Q3 2026 adjusted revenue to $2.5-2.7 billion, a range that sits below Q2's $2.76 billion and implies sequential moderation. The company also moved to a single Mortgage segment reporting structure, with personal finance and real estate reported as All Other. Investors should weigh the strong top-line recovery and recapture strategy against the reliance on non-GAAP adjustments, the high cost of acquisition-related integration, and the softer Q3 outlook.
  4. 8-KRocket Companies 8-K Report, Material Agreement (Jul 16, 2026)Rocket Companies, Inc. (RKT) announced on July 16, 2026, the entry into a new $2.5 billion Revolving Credit Agreement (the "2026 Credit Agreement") maturing in July 2029. This new facility replaces the Company's prior revolving credit agreement from April 2025, with no early termination penalties incurred. The proceeds from the 2026 Credit Agreement are designated for general corporate purposes, providing the company with enhanced financial flexibility and liquidity. The 2026 Credit Agreement is unsecured and carries variable interest rates based on a base rate plus an applicable margin. It also includes a commitment fee on unused portions. While offering financial resources, the agreement imposes customary covenants and restrictions on the Company's ability to incur additional debt, pay dividends, make restricted payments, and engage in significant asset dispositions or affiliate transactions. The agreement also includes financial maintenance covenants related to net leverage, corporate net debt, liquidity, and tangible net worth, which investors should monitor for compliance.
  5. 8-KRocket Companies 8-K Report, Material Agreement (Jun 16, 2026)Rocket Companies, Inc. has successfully closed a significant debt offering, raising a total of $1.5 billion through the issuance of 6.125% senior notes due 2031 and 6.500% senior notes due 2034. This offering, conducted through private transactions under Rule 144A and Regulation S, is strategically intended to refinance existing debt, specifically the 2.875% Senior Notes due 2026 and 5.250% Senior Notes due 2028, along with other subsidiary indebtedness. The successful completion of this offering satisfies the conditions for the redemption of these maturing notes, signaling proactive debt management by the company. This refinancing activity allows Rocket Companies to extend its debt maturity profile and potentially reduce overall interest expenses, depending on the final cost of the new debt relative to the refinanced obligations. The issuance of senior unsecured notes, guaranteed by certain domestic subsidiaries, provides the company with substantial capital. Investors should note the terms of these new notes, including their respective interest rates, maturity dates, and the company's optional redemption provisions, which offer flexibility in future debt management. The covenants included in the indenture also outline limitations on asset disposals and provide for a change of control repurchase offer, which are important considerations for bondholders.
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04—See also

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