Rocket Companies Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
RKT$15.19+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Equity
| Class A Common Stock Shares | Class A Common Stock Amount | Class D Common Stock Shares | Class D Common Stock Amount | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Non-controlling Interest | Total Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2022 | 123,491,606 | $1 | 1,848,879,483 | $19 | $276,221 | $300,394 | $69 | $7,898,845 | $8,475,549 |
| Net loss | — | — | — | — | — | (18,523) | — | (392,960) | (411,483) |
| Cumulative translation adjustment | — | — | — | — | — | — | — | 7 | 7 |
| Unrealized loss on investment securities | — | — | — | — | — | — | (101) | (1,488) | (1,589) |
| Share-based compensation, net | 1,390,650 | — | — | — | 3,217 | — | — | 47,596 | 50,813 |
| Distributions for state taxes on behalf of unit holders (members), net of refunds | — | — | — | — | — | (209) | — | 326 | 117 |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 23 | — | 347 | 370 |
| Taxes withheld on team members' restricted share award vesting | — | — | — | — | (444) | — | — | (6,550) | (6,994) |
| Issuance of Class A common stock under share-based compensation plans | 878,817 | — | — | — | 456 | — | — | 6,794 | 7,250 |
| Change in controlling interest of investment, net | — | — | — | — | 15,268 | (688) | — | (19,275) | (4,695) |
| Balance, March 31, 2023 | 125,761,073 | $1 | 1,848,879,483 | $19 | $294,718 | $280,997 | $(32) | $7,533,642 | $8,109,345 |
| Net income | — | — | — | — | — | 7,438 | — | 131,714 | 139,152 |
| Cumulative translation adjustment | — | — | — | — | — | — | (9) | (150) | (159) |
| Unrealized gain on investment securities | — | — | — | — | — | — | 101 | 1,488 | 1,589 |
| Share-based compensation, net | 574,094 | — | — | — | 3,170 | — | — | 46,221 | 49,391 |
| Contributions from unit holders (members) to subsidiary investment, net | — | — | — | — | — | — | — | 61,378 | 61,378 |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 82 | — | 1,200 | 1,282 |
| Taxes withheld on employees' restricted share award vesting | — | — | — | — | (210) | — | — | (3,050) | (3,260) |
| Issuance of Class A common stock under share-based compensation plans | 794,282 | — | — | — | 465 | — | — | 6,803 | 7,268 |
| Change in controlling interest of investment, net | — | — | — | — | 3,997 | — | — | (5,129) | (1,132) |
| Balance, June 30, 2023 | 127,129,449 | $1 | 1,848,879,483 | $19 | $302,140 | $288,517 | $60 | $7,774,117 | $8,364,854 |
| Net income | — | — | — | — | — | 6,206 | — | 108,739 | 114,945 |
| Cumulative translation adjustment | — | — | — | — | — | — | 10 | 154 | 164 |
| Share-based compensation, net | 3,338,087 | — | — | — | 2,671 | — | — | 38,213 | 40,884 |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 47 | — | 661 | 708 |
| Taxes withheld on employees' restricted share award vesting | — | — | — | — | (1,282) | — | — | (18,165) | (19,447) |
| Issuance of Class A common stock under share-based compensation plans | 802,759 | — | — | — | 540 | — | — | 7,809 | 8,349 |
| Change in controlling interest of investment, net | — | — | — | — | 12,935 | — | (2) | (17,017) | (4,084) |
| Balance, September 30, 2023 | 131,270,295 | $1 | 1,848,879,483 | $19 | $317,004 | $294,770 | $68 | $7,894,511 | $8,506,373 |
Condensed Consolidated Statements of Changes in Equity
| Class A Common Stock Shares | Class A Common Stock Amount | Class D Common Stock Shares | Class D Common Stock Amount | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Non-controlling Interest | Total Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2023 | 135,814,173 | $1 | 1,848,879,483 | $19 | $340,532 | $284,296 | $52 | $7,676,810 | $8,301,710 |
| Net income | — | — | — | — | — | 16,215 | — | 274,499 | 290,714 |
| Cumulative translation adjustment | — | — | — | — | — | — | 21 | 293 | 314 |
| Share-based compensation, net | 2,458,761 | — | — | — | 2,060 | — | — | 27,722 | 29,782 |
| Distributions for state taxes on behalf of unit holders (members) | — | — | — | — | — | (19) | — | (255) | (274) |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 2 | — | 29 | 31 |
| Taxes withheld on team members' restricted share award vesting | — | — | — | — | (1,152) | — | — | (15,410) | (16,562) |
| Issuance of Class A common stock under share-based compensation plans | 538,683 | — | — | — | 454 | — | — | 6,161 | 6,615 |
| Change in controlling interest of investment, net | — | — | — | — | 8,917 | — | (1) | (11,795) | (2,879) |
| Balance, March 31, 2024 | 138,811,617 | $1 | 1,848,879,483 | $19 | $350,811 | $300,494 | $72 | $7,958,054 | $8,609,451 |
| Net income | — | $— | — | $— | $— | $1,295 | $— | $176,630 | $177,925 |
| Cumulative translation adjustment | — | — | — | — | — | — | 13 | 192 | 205 |
| Share-based compensation, net | 506,140 | — | — | — | 2,652 | — | — | 35,095 | 37,747 |
| Distributions for state taxes on behalf of unit holders (members) | — | — | — | — | — | (6) | — | (86) | (92) |
| Distributions to unit holders (members) from subsidiary investment, net | — | — | — | — | — | (837) | — | (13,013) | (13,850) |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 12 | — | 161 | 173 |
| Taxes withheld on employees' restricted share award vesting | — | — | — | — | (305) | — | — | (4,029) | (4,334) |
| Issuance of Class A common stock under share-based compensation plans | 645,826 | — | — | — | 554 | — | — | 7,357 | 7,911 |
| Change in controlling interest of investment, net | — | — | — | — | 3,898 | — | — | (5,113) | (1,215) |
| Balance, June 30, 2024 | 139,963,583 | $1 | 1,848,879,483 | $19 | $357,610 | $300,958 | $85 | $8,155,248 | $8,813,921 |
| Net loss | — | — | — | — | — | (22,011) | — | (459,413) | (481,424) |
| Cumulative translation adjustment | — | — | — | — | — | — | (24) | (334) | (358) |
| Share-based compensation, net | 3,576,274 | — | — | — | 2,760 | — | — | 35,883 | 38,643 |
| Distributions for state taxes on behalf of unit holders (members) | — | — | — | — | — | (2) | — | (30) | (32) |
| Forfeitures of Special Dividend to Class A Shareholders | — | — | — | — | — | 10 | — | 139 | 149 |
| Issuance of Class A Common Shares upon exercise of stock options | 775,211 | — | — | — | 992 | — | — | 12,846 | 13,838 |
| Taxes withheld on employees' restricted share award vesting | — | — | — | — | (2,632) | — | — | (33,688) | (36,320) |
| Issuance of Class A common stock under share-based compensation plans | 605,159 | — | — | — | 612 | — | — | 8,060 | 8,672 |
| Change in controlling interest of investment, net | — | — | — | — | 14,020 | — | (1) | (18,724) | (4,705) |
| Balance, September 30, 2024 | 144,920,227 | $1 | 1,848,879,483 | $19 | $373,362 | $278,955 | $60 | $7,699,987 | $8,352,384 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.