Rocket Companies Inc Financials
Rocket Companies Inc (RKT) reported $6.7B in revenue for fiscal year 2025, up 31.2% from the prior fiscal year. This page shows its 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).
RKT's recent rebound reflects balance-sheet expansion and external funding, not a steady return to self-funded cash generation.
The latest year brought revenue recovery to$6.7B but worse cash conversion, with operating cash flow at-$3.9B . Because financing supplied$8.1B while assets jumped to$60.7B , the rebound appears balance-sheet-funded rather than self-funded.
Leverage looks lower on paper because equity expanded to
Over the last three fiscal years, earnings and cash flow told different stories: operating cash flow moved from
Financial Health Signals
Rocket Companies Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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.
Rocket Companies Inc reported a net loss of $68.0M while operations used $3.9B of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Rocket Companies Inc generated $6.7B in revenue in fiscal year 2025. This represents an increase of 31.2% from the prior year.
Rocket Companies Inc reported -$68.0M in net income in fiscal year 2025. This represents a decrease of 334.5% from the prior year.
Rocket Companies Inc earned -$0.05 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Rocket Companies Inc recorded an outflow of $4.0B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 48.9% from the prior year.
Rocket Companies Inc held $2.7B in cash against $10.4B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
RKT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.9B | $6.7B+31.2% | $5.1B+34.3% | $3.8B-34.9% | $5.8B-54.8% | $12.9B-17.5% | $15.7B+208.7% | $5.1B+20.4% | $4.2B |
| Gross Profit | N/A | N/A | $2.3B+77.0% | $1.3B-49.7% | $2.6B-68.5% | $8.3B-25.4% | $11.1B+427.5% | $2.1B+25.4% | $1.7B |
| SG&A Expenses | $2.0B | $1.4B+61.1% | $893.0M+11.2% | $803.0M-11.4% | $906.2M-23.4% | $1.2B+12.4% | $1.1B+53.7% | $685.0M+15.6% | $592.5M |
| Interest Expense | $584.0M | $125.0M+27.6% | $98.0M-19.0% | $121.0M-34.3% | $184.2M+9.0% | $168.9M+101.0% | $84.1M-27.4% | $115.8M+14.0% | $101.6M |
| Income Tax | $196.0M | $20.0M-37.5% | $32.0M+346.2% | -$13.0M-131.0% | $42.0M-62.8% | $112.7M-14.8% | $132.4M+1711.0% | $7.3M+125.3% | $3.2M |
| Net Income | $471.0M | -$68.0M-334.5% | $29.0M+281.3% | -$16.0M-134.5% | $46.4M-84.9% | $308.2M+55.7% | $198.0M | $0 | $0 |
| EPS (Diluted) | — | -$0.05 | $0.21+240.0% | -$0.15 | $0.28-87.9% | $2.32+31.8% | $1.76 | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RKT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $60.7B+147.6% | $24.5B+27.4% | $19.2B-4.2% | $20.1B-38.7% | $32.8B-12.7% | $37.5B+86.5% | $20.1B | 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+41.3% | $1.4B+28.1% | $1.1B |
| Goodwill | $10.6B+834.1% | $1.1B+3.3% | $1.1B0.0% | $1.1B-4.3% | $1.1B+6300.8% | $17.9M | N/A | N/A |
| Total Liabilities | $37.8B+144.3% | $15.5B+41.5% | $10.9B-5.8% | $11.6B-49.6% | $23.0B-22.4% | $29.7B+78.6% | $16.6B | N/A |
| Long-Term Debt | $10.4B | N/A | N/A | 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+124.2% | $3.5B+26.1% | $2.8B |
| Retained Earnings | $124.0M-60.4% | $313.0M+10.1% | $284.3M-5.4% | $300.4M-20.5% | $378.0M+82.2% | $207.4M | $0 | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
RKT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$634.0M | -$3.9B-49.3% | -$2.6B-2469.4% | $111.0M-99.0% | $10.8B+39.8% | $7.7B+561.7% | -$1.7B+76.0% | -$7.0B-587.6% | $1.4B |
| Capital Expenditures | $138.0M | $91.0M+33.8% | $68.0M+13.3% | $60.0M-35.6% | $93.1M-21.3% | $118.3M+11.2% | $106.3M+117.7% | $48.8M-24.2% | $64.5M |
| Free Cash Flow | -$772.0M | -$4.0B-48.9% | -$2.7B-5390.2% | $51.0M-99.5% | $10.7B+40.7% | $7.6B+527.5% | -$1.8B+74.6% | -$7.0B-614.2% | $1.4B |
| Investing Cash Flow | -$1.6B | -$2.5B-410.5% | -$496.0M-157.6% | $861.0M+48.8% | $578.7M+187.0% | -$664.9M-228.5% | $517.2M+619.4% | $71.9M+176.1% | -$94.5M |
| Financing Cash Flow | $500.0M | $8.1B+147.1% | $3.3B+625.5% | -$624.0M+95.1% | -$12.8B-85.3% | -$6.9B-493.8% | $1.8B-75.7% | $7.2B+532.0% | -$1.7B |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $177.7M-23.3% | $231.6M | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RKT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 45.3%+10.9pp | 34.4%-10.1pp | 44.5%-19.4pp | 63.9%-6.8pp | 70.7%+29.3pp | 41.4%+1.7pp | 39.7% |
| Net Margin | -1.0%-1.6pp | 0.6%+1.0pp | -0.4%-1.2pp | 0.8%-1.6pp | 2.4%+1.1pp | 1.3%+1.3pp | 0.0%0.0pp | 0.0% |
| 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%+2.5pp | 0.0%0.0pp | 0.0% |
| 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%+0.5pp | 0.0% | N/A |
| Debt-to-Equity | 0.46-1.3x | 1.71+0.4x | 1.32-0.1x | 1.37-1.0x | 2.36-1.4x | 3.76-1.0x | 4.72 | N/A |
| FCF Margin | -60.0%-7.1pp | -52.9%-54.2pp | 1.3% | 183.8% | 59.1%+70.5pp | -11.4% | -138.6% | 32.5% |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Rocket Companies Inc Ranks
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) recorded an outflow of $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) recorded an outflow of $3.9B in operating cash flow during fiscal year 2025, representing cash used by 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) reported a net loss of $68.0M while operations used $3.9B of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.