What is Rocket Companies Inc's earnings per share (EPS)?

Rocket Companies Inc (RKT) reported diluted earnings per share of $-0.05 for fiscal year 2025. This represents a -123.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Rocket Companies Inc Financials

RKT

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Rocket Companies Inc (RKT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RKT FY2025 2026-05-12

Balance-sheet funding is dominating Rocket's economics, with external financing rather than internally generated cash supporting scale.

FY2025 revenue recovered, yet operating cash flow was -$3.9B; added volume was absorbing cash instead of releasing it. With capex at just $91M and financing inflow at $8.1B, the shortfall came from supporting the core balance sheet, not from building long-lived assets.

Cash on hand still rose to $2.7B even though free cash flow was -$4.0B, which shows liquidity was maintained through outside funding rather than internal cash generation. That weakens the signal from near-breakeven earnings, because reported profit and actual cash movement were pointing in different directions.

The asset base expanded to $60.7B while goodwill reached $10.6B, so the balance sheet became much bigger without a matching build in physical assets. That combination looks more like transaction-driven scale than equipment-heavy expansion, and debt-to-equity stayed near 1.7x rather than rising with the asset surge.

Financial Health Signals

Financial health score pending refresh

We are recalculating Rocket Companies Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

0/5

Rocket Companies Inc passes 0 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

57.75x

For every $1 of reported earnings, Rocket Companies Inc generates $57.75 in operating cash flow (-$3.9B OCF vs -$68.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.7B

YoY+31.2%

5Y CAGR-15.6%

Rocket Companies Inc generated $6.7B in revenue in fiscal year 2025. This represents an increase of 31.2% from the prior year.

EBITDA

N/A

Net Income

-$68.0M

YoY-334.5%

Rocket Companies Inc reported -$68.0M in net income in fiscal year 2025. This represents a decrease of 334.5% from the prior year.

EPS (Diluted)

$-0.05

YoY-123.8%

Rocket Companies Inc earned $-0.05 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 123.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$4.0B

YoY-48.9%

Rocket Companies Inc generated -$4.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 48.9% from the prior year.

Cash & Debt

$2.7B

YoY+111.8%

5Y CAGR+6.5%

Rocket Companies Inc held $2.7B in cash against $10.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-1.0%

YoY-1.6pp

5Y CAGR-2.3pp

Rocket Companies Inc's net profit margin was -1.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.6 percentage points from the prior year.

Return on Equity

-0.3%

YoY-0.6pp

5Y CAGR-2.8pp

Rocket Companies Inc's ROE was -0.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$91.0M

YoY+33.8%

5Y CAGR-3.1%

Rocket Companies Inc invested $91.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 33.8% from the prior year.

RKT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.7B+31.2%	$5.1B+34.3%	$3.8B-34.9%	$5.8B-54.8%	$12.9B-17.5%	$15.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	$2.3B+77.0%	$1.3B-49.7%	$2.6B-68.5%	$8.3B-25.4%	$11.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4B+61.1%	$893.0M+11.2%	$803.0M-11.4%	$906.2M-23.4%	$1.2B+12.4%	$1.1B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$125.0M+27.6%	$98.0M-19.0%	$121.0M-34.3%	$184.2M+9.0%	$168.9M+101.0%	$84.1M
Income Tax	$20.0M-37.5%	$32.0M+346.2%	-$13.0M-131.0%	$42.0M-62.8%	$112.7M-14.8%	$132.4M
Net Income	-$68.0M-334.5%	$29.0M+281.3%	-$16.0M-134.5%	$46.4M-84.9%	$308.2M+55.7%	$198.0M
EPS (Diluted)	$-0.05-123.8%	$0.21+240.0%	$-0.15-153.6%	$0.28-87.9%	$2.32+31.8%	$1.76

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.9B+11.9%	$2.6B+63.7%	$1.6B+18.0%	$1.4B+23.5%	$1.1B-37.8%	$1.8B+173.5%	$646.9M-50.3%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$1.0B+2016.8%	-$54.4M-108.8%	$616.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$535.0M-0.2%	$536.0M+51.2%	$354.6M+23.4%	$287.4M+10.1%	$261.0M+29.0%	$202.3M-8.5%	$221.1M-5.1%	$233.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$349.0M+767.3%	-$52.3M-246.6%	$35.7M+9.4%	$32.6M-70.1%	$109.0M+382.4%	$22.6M+234.9%	$6.7M-78.3%	$31.1M
Income Tax	$103.0M+1.8%	$101.2M+267.7%	-$60.3M-514.0%	-$9.8M+10.7%	-$11.0M-142.1%	$26.1M+264.3%	-$15.9M-212.6%	$14.1M
Net Income	$297.0M+339.1%	$67.6M+154.6%	-$123.9M-6838.6%	-$1.8M+82.2%	-$10.0M-129.8%	$33.5M+252.2%	-$22.0M-1799.7%	$1.3M
EPS (Diluted)	$0.10	N/A	$-0.06-500.0%	$-0.01+87.5%	$-0.08	N/A	$-0.19-2000.0%	$0.01

RKT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$60.7B+147.6%	$24.5B+27.4%	$19.2B-4.2%	$20.1B-38.7%	$32.8B-12.7%	$37.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.7B+111.8%	$1.3B+14.9%	$1.1B+53.4%	$722.3M-66.1%	$2.1B+8.1%	$2.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.6B+834.1%	$1.1B+3.3%	$1.1B0.0%	$1.1B-4.3%	$1.1B+6300.8%	$17.9M
Total Liabilities	$37.8B+144.3%	$15.5B+41.5%	$10.9B-5.8%	$11.6B-49.6%	$23.0B-22.4%	$29.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.4B	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.9B+153.2%	$9.0B+8.9%	$8.3B-2.0%	$8.5B-13.2%	$9.8B+23.8%	$7.9B
Retained Earnings	$124.0M-60.4%	$313.0M+10.1%	$284.3M-5.4%	$300.4M-20.5%	$378.0M+82.2%	$207.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$59.4B-2.1%	$60.7B+80.7%	$33.6B+10.6%	$30.4B+20.2%	$25.3B+3.0%	$24.5B-2.4%	$25.1B+6.2%	$23.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.7B-0.3%	$2.7B-53.8%	$5.8B+14.6%	$5.1B+261.3%	$1.4B+10.7%	$1.3B+3.6%	$1.2B-6.2%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.6B0.0%	$10.6B	N/A	N/A	N/A	$1.1B	N/A	N/A
Total Liabilities	$36.2B-4.2%	$37.8B+52.8%	$24.7B+7.9%	$22.9B+37.5%	$16.7B+7.8%	$15.5B-7.7%	$16.8B+13.0%	$14.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.4B+0.1%	$10.4B	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$23.2B+1.4%	$22.9B+158.7%	$8.9B+18.8%	$7.4B-13.2%	$8.6B-5.1%	$9.0B+8.3%	$8.4B-5.2%	$8.8B
Retained Earnings	$421.0M+239.5%	$124.0M+124.6%	$55.2M-69.1%	$178.5M-1.0%	$180.2M-42.4%	$313.0M+12.2%	$279.0M-7.3%	$301.0M

RKT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.9B-49.3%	-$2.6B-2469.4%	$111.0M-99.0%	$10.8B+39.8%	$7.7B+561.7%	-$1.7B
Capital Expenditures	$91.0M+33.8%	$68.0M+13.3%	$60.0M-35.6%	$93.1M-21.3%	$118.3M+11.2%	$106.3M
Free Cash Flow	-$4.0B-48.9%	-$2.7B-5390.2%	$51.0M-99.5%	$10.7B+40.7%	$7.6B+527.5%	-$1.8B
Investing Cash Flow	-$2.5B-410.5%	-$496.0M-157.6%	$861.0M+48.8%	$578.7M+187.0%	-$664.9M-228.5%	$517.2M
Financing Cash Flow	$8.1B+147.1%	$3.3B+625.5%	-$624.0M+95.1%	-$12.8B-85.3%	-$6.9B-493.8%	$1.8B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$177.7M-23.3%	$231.6M	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.9B+251.0%	-$1.2B-2346.0%	-$50.3M+97.3%	-$1.9B-132.6%	-$796.0M-143.2%	$1.8B+237.8%	-$1.3B-993.2%	-$122.3M
Capital Expenditures	$43.0M+7.5%	$40.0M+85.9%	$21.5M+38.7%	$15.5M+10.7%	$14.0M-27.1%	$19.2M+2.5%	$18.7M+17.0%	$16.0M
Free Cash Flow	$1.8B+242.9%	-$1.3B-1668.7%	-$71.8M+96.2%	-$1.9B-130.4%	-$810.0M-144.4%	$1.8B+234.4%	-$1.4B-880.2%	-$138.3M
Investing Cash Flow	$335.0M+113.5%	-$2.5B-80603.2%	-$3.1M+97.6%	-$129.6M-272.8%	$75.0M+307.3%	-$36.2M+84.5%	-$233.8M+10.6%	-$261.5M
Financing Cash Flow	-$2.2B-375.6%	$780.4M-2.2%	$797.7M-85.9%	$5.7B+557.8%	$861.0M+148.8%	-$1.8B-219.0%	$1.5B+79.2%	$827.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RKT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	45.3%+10.9pp	34.4%-10.1pp	44.5%-19.4pp	63.9%-6.8pp	70.7%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1.0%-1.6pp	0.6%+1.0pp	-0.4%-1.2pp	0.8%-1.6pp	2.4%+1.1pp	1.3%
Return on Equity	-0.3%-0.6pp	0.3%+0.5pp	-0.2%-0.7pp	0.5%-2.6pp	3.2%+0.7pp	2.5%
Return on Assets	-0.1%-0.2pp	0.1%+0.2pp	-0.1%-0.3pp	0.2%-0.7pp	0.9%+0.4pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.46-1.3	1.71+0.4	1.32-0.1	1.37-1.0	2.36-1.4	3.76
FCF Margin	-60.0%-7.1pp	-52.9%-54.2pp	1.3%-182.4pp	183.8%+124.7pp	59.1%+70.5pp	-11.4%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	58.9%+67.3pp	-8.4%-55.8pp	47.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.1%+7.5pp	2.6%+10.3pp	-7.7%-7.6pp	-0.1%+0.8pp	-0.9%-2.8pp	1.9%+5.3pp	-3.4%-3.5pp	0.1%
Return on Equity	1.3%+1.0pp	0.3%+1.7pp	-1.4%-1.4pp	-0.0%+0.1pp	-0.1%-0.5pp	0.4%+0.6pp	-0.3%-0.3pp	0.0%
Return on Assets	0.5%+0.4pp	0.1%+0.5pp	-0.4%-0.4pp	-0.0%+0.0pp	-0.0%-0.2pp	0.1%+0.2pp	-0.1%-0.1pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.450.0	0.46-2.3	2.79-0.3	3.08+1.1	1.94+0.2	1.71-0.3	2.01+0.3	1.68
FCF Margin	61.7%+110.0pp	-48.3%-43.8pp	-4.5%+132.8pp	-137.2%-63.7pp	-73.6%-176.6pp	103.0%+312.6pp	-209.6%-199.0pp	-10.6%

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Frequently Asked Questions

What is Rocket Companies Inc's annual revenue?

Rocket Companies Inc (RKT) reported $6.7B in total revenue for fiscal year 2025. This represents a 31.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rocket Companies Inc's revenue growing?

Rocket Companies Inc (RKT) revenue grew by 31.2% year-over-year, from $5.1B to $6.7B in fiscal year 2025.

Is Rocket Companies Inc profitable?

No, Rocket Companies Inc (RKT) reported a net income of -$68.0M in fiscal year 2025, with a net profit margin of -1.0%.

How much debt does Rocket Companies Inc have?

As of fiscal year 2025, Rocket Companies Inc (RKT) had $2.7B in cash and equivalents against $10.4B in long-term debt.

What is Rocket Companies Inc's net profit margin?

Rocket Companies Inc (RKT) had a net profit margin of -1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Rocket Companies Inc's return on equity (ROE)?

Rocket Companies Inc (RKT) has a return on equity of -0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Rocket Companies Inc's free cash flow?

Rocket Companies Inc (RKT) generated -$4.0B in free cash flow during fiscal year 2025. This represents a -48.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Rocket Companies Inc's operating cash flow?

Rocket Companies Inc (RKT) generated -$3.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Rocket Companies Inc's total assets?

Rocket Companies Inc (RKT) had $60.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Rocket Companies Inc's capital expenditures?

Rocket Companies Inc (RKT) invested $91.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Rocket Companies Inc's debt-to-equity ratio?

Rocket Companies Inc (RKT) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rocket Companies Inc's return on assets (ROA)?

Rocket Companies Inc (RKT) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Rocket Companies Inc's cash runway?

Based on fiscal year 2025 data, Rocket Companies Inc (RKT) had $2.7B in cash against an annual operating cash burn of $3.9B. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Rocket Companies Inc's Piotroski F-Score?

Rocket Companies Inc (RKT) has a Piotroski F-Score of 0 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rocket Companies Inc's earnings high quality?

Rocket Companies Inc (RKT) has an earnings quality ratio of 57.75x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.