Rocket Companies, Inc. (RKT) SEC Filings

Rocket Companies, Inc. reported that Sarah Watterson has become a reporting person as a director of the company and has filed an initial Form 3. The filing lists no reportable transactions or holdings at this time and notes an attached Power of Attorney authorizing filing actions.

Rocket Companies, Inc. expanded its Board of Directors from nine to ten members and appointed Sarah Watterson as an independent Class III director, effective August 17, 2026, with a term expiring at the 2029 annual meeting. The Board determined she meets independence standards under SEC rules and New York Stock Exchange listing standards and has no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. Watterson brings more than 15 years of executive leadership and capital markets experience, including roles at Goldman Sachs, Fortress Investment Group, Brightline West and as President of 3 Star Sports & Entertainment, LLC. As a non-affiliated director, she will receive an annual cash retainer of $75,000 (prorated for partial years) and an initial grant of restricted stock units valued at $215,000, vesting after one year, under the company’s Omnibus Incentive Plan. She will also enter into the same form of indemnification agreement used for other directors. Rocket highlighted recent expansions of its homeownership platform, including acquisitions of Redfin and Mr. Cooper, a partnership with Compass International Holdings, and investments in AI and data.

T. Rowe Price Associates, Inc., a Maryland corporation, reports a passive ownership position in Rocket Cos., Inc. Class A common stock. The firm reports beneficial ownership of 55,268,794 shares, representing 5.6% of the class.

T. Rowe Price Associates reports sole voting power over 53,682,470 shares and sole dispositive power over 55,268,794 shares, with no shared voting or dispositive power. The filer expressly states that this report should not be construed as an admission of beneficial ownership, which is denied.

Capital World Investors filed as a significant shareholder of Rocket Companies, Inc. common stock. The firm reports beneficial ownership of 69,428,716 shares, representing 7.1% of the 980,550,267 Rocket Companies shares believed to be outstanding. Capital World Investors has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority disclosed.

Rocket Companies generated net revenue of $2,784 million in the quarter ended June 30, 2026, up from $1,451 million a year earlier. Net income attributable to Rocket Companies was $230 million for the quarter and $527 million for the first six months of 2026, versus small losses in the prior-year periods. Basic and diluted earnings per share of Participating Common Stock were $0.08 for the quarter and $0.19 year-to-date. Operating cash flow for the first half of 2026 was $645 million, compared with a use of $2,648 million a year earlier.

Total assets were $60,977 million and equity was $23,546 million as of June 30, 2026. Mortgage servicing rights at fair value were $18,905 million, with loan servicing income, net of $450 million for the quarter. The company continues integrating the 2025 all-stock acquisitions of Redfin and Mr. Cooper, which added identifiable intangibles of $881 million and goodwill of $1,233 million for Redfin, and intangibles of $1,438 million and goodwill of $8,251 million for Mr. Cooper. Secured financing outstanding was $16,639 million and unsecured senior notes, net, were $10,772 million, supported by cash and cash equivalents of $3,103 million.

Rocket Companies reported strong Q2 2026 results, with total revenue, net of $2.78 billion and GAAP net income of $229 million, compared with $1.45 billion and $34 million a year earlier. Adjusted revenue was $2.76 billion, adjusted net income $441 million and adjusted EBITDA $766 million, making this its most profitable quarter in four years.

Mortgage production remained high, with $47.0 billion in total net rate lock volume, $49.1 billion in closed mortgage originations and total gain-on-sale margin of 2.48%. Purchase market share reached 6.2% and refinance share 14.3%. Liquidity totaled $11.2 billion, and the servicing portfolio reached $2.0 trillion of unpaid principal balance across 9.1 million loans. Rocket issued $1.5 billion of senior notes to refinance existing debt and guided to Q3 2026 adjusted revenue between $2.5 billion and $2.7 billion.

FMR LLC filed as a significant shareholder of Rocket Cos., Inc. Class A common stock. FMR LLC reports beneficial ownership of 52,657,948.99 shares, representing 5.4% of the Class A common stock. FMR LLC has sole dispositive power over all of these shares and sole voting power over 47,184,506.58 shares, with no shared voting or dispositive power.

Abigail P. Johnson is also reported as a beneficial owner of 52,657,948.99 shares, or 5.4% of the class, with sole dispositive power and no voting or shared powers. One or more other persons have rights to receive dividends or sale proceeds from these securities, but no single such person has an interest in more than five percent of the outstanding Class A common stock.

Rocket Companies, Inc. entered into a new unsecured Revolving Credit Agreement on July 16, 2026, providing an initial aggregate commitment of $2.5 billion maturing on July 16, 2029. Borrowings are for general corporate purposes and bear interest at a base rate, which may include term SOFR, plus an applicable margin.

The facility includes a commitment fee on unused commitments based on the company’s corporate credit rating, customary events of default (including change of control), and covenants limiting additional debt, liens, restricted payments, major asset sales, and affiliate transactions. It also imposes financial maintenance covenants on net leverage, corporate net debt, minimum liquidity, and tangible net worth. On the same date, Rocket Companies terminated its April 30, 2025 revolving credit agreement without early termination penalties or prepayment premiums.

Rocket Companies, Inc. closed a private Offering of $900,000,000 of 6.125% senior notes due 2031 and $600,000,000 of 6.500% senior notes due 2034. These senior unsecured Notes are fully and unconditionally guaranteed by key domestic subsidiaries under an Indenture dated June 16, 2026.

The company intends to use the proceeds to repay Rocket Mortgage LLC’s 2.875% senior notes due 2026, its 5.250% senior notes due 2028, and other indebtedness. The 2026 Rocket Mortgage notes are scheduled to be redeemed on June 19, 2026 and the 2028 notes on July 9, 2026, with the Offering satisfying the related financing condition.

The 2031 Notes mature on August 1, 2031 and the 2034 Notes on June 15, 2034, with semi-annual cash interest payments and no sinking funds. The Indenture includes covenants restricting certain liens and major corporate transactions, a 101% repurchase right upon specified change of control events, and standard events of default provisions.