Rocket Companies, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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.
Jun 30, 2025 · Filed Aug 8, 2025
RKT$14.45-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
($ In Thousands, Except Per Share Amounts)
| June 30,2025 | December 31,2024 | |
|---|---|---|
| Assets · (Unaudited) | ||
| Cash and cash equivalents | $5,090,631 | $1,272,853 |
| Restricted cash | 22,691 | 16,468 |
| Mortgage loans held for sale, at fair value | 11,168,691 | 9,020,176 |
| Derivative assets, at fair value | 391,770 | 192,433 |
| Mortgage servicing rights (“MSRs”), at fair value | 7,566,632 | 7,633,371 |
| Notes receivable and due from affiliates | 15,281 | 14,245 |
| Property and equipment, net of accumulated depreciation and amortization of $642,409 and $620,252, respectively | 193,843 | 213,848 |
| Deferred tax asset, net | 11,407 | 521,824 |
| Lease right of use assets | 259,029 | 281,770 |
| Loans subject to repurchase right from Ginnie Mae | 2,492,015 | 2,785,146 |
| Goodwill and intangible assets, net | 1,221,168 | 1,227,517 |
| Other assets | 1,927,064 | 1,330,412 |
| Total assets | $30,360,222 | $24,510,063 |
| Liabilities and equity | ||
| Liabilities | ||
| Funding facilities | $9,481,780 | $6,708,186 |
| Other financing facilities and debt: | ||
| Senior Notes, net | 8,000,225 | 4,038,926 |
| Early buy out facility | 67,532 | 92,949 |
| Accounts payable | 278,245 | 181,713 |
| Lease liabilities | 293,671 | 319,296 |
| Derivative liabilities, at fair value | 163,870 | 11,209 |
| Investor reserves | 98,082 | 99,998 |
| Notes payable and due to affiliates | 2,818 | 31,280 |
| Tax receivable agreement liability | 588,510 | 581,183 |
| Loans subject to repurchase right from Ginnie Mae | 2,492,015 | 2,785,146 |
| Deferred tax liability | 714,673 | 17,445 |
| Other liabilities | 729,873 | 599,352 |
| Total liabilities | $22,911,294 | $15,466,683 |
| Equity | ||
| Preferred stock, $0.00001 par value - 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024, none issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. | $— | $— |
| Class A common stock, $0.00001 par value - 10,000,000,000 shares authorized as of June 30, 2025 and December 31, 2024, 151,513,350 and 146,028,193 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. | 1 | 1 |
| Class B common stock, $0.00001 par value - zero and 6,000,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively, none issued and outstanding as of June 30, 2025 and December 31, 2024. | — | — |
| Class C common stock, $0.00001 par value - zero and 6,000,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively, none issued and outstanding as of June 30, 2025 and December 31, 2024. | — | — |
| Class D common stock, $0.00001 par value - 6,000,000,000 shares authorized as of June 30, 2025 and December 31, 2024, zero and 1,848,879,483 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. | — | 19 |
| Class L common stock, $0.00001 par value - 6,000,000,000 and zero shares authorized as of June 30, 2025 and December 31, 2024, respectively, 1,848,879,455 and zero shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. | 19 | — |
| Additional paid-in capital | 7,271,613 | 389,695 |
| Retained earnings | 178,507 | 312,834 |
| Accumulated other comprehensive loss | (1,212) | (48) |
| Non-controlling interest | — | 8,340,879 |
| Total equity | 7,448,928 | 9,043,380 |
| Total liabilities and equity | $30,360,222 | $24,510,063 |
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)
($ In Thousands, Except Per Share Amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| Gain on sale of loans | ||||
| Gain on sale of loans excluding fair value of originated MSRs, net | $472,375 | $413,011 | $979,574 | $889,440 |
| Fair value of originated MSRs | 343,525 | 345,545 | 607,952 | 568,342 |
| Gain on sale of loans, net | 815,900 | 758,556 | 1,587,526 | 1,457,782 |
| Loan servicing income | ||||
| Servicing fee income | 401,276 | 354,677 | 801,973 | 700,423 |
| Change in fair value of MSRs | (198,885) | (112,941) | (648,070) | (56,433) |
| Loan servicing income, net | 202,391 | 241,736 | 153,903 | 643,990 |
| Interest income | ||||
| Interest income | 123,502 | 112,415 | 215,592 | 201,395 |
| Interest expense on funding facilities | (90,879) | (81,293) | (154,918) | (132,736) |
| Interest income, net | 32,623 | 31,122 | 60,674 | 68,659 |
| Other income | 309,337 | 269,308 | 595,412 | 514,007 |
| Total revenue, net | 1,360,251 | 1,300,722 | 2,397,515 | 2,684,438 |
| Expenses | ||||
| Salaries, commissions and team member benefits | 623,459 | 553,420 | 1,233,067 | 1,094,516 |
| General and administrative expenses | 287,421 | 232,952 | 548,236 | 469,617 |
| Marketing and advertising expenses | 276,050 | 210,937 | 551,673 | 417,233 |
| Depreciation and amortization | 27,526 | 28,009 | 54,436 | 55,026 |
| Interest and amortization expense on non-funding debt | 57,718 | 38,364 | 96,005 | 76,729 |
| Other expenses | 63,815 | 44,998 | 112,939 | 80,905 |
| Total expenses | 1,335,989 | 1,108,680 | 2,596,356 | 2,194,026 |
| Income (loss) before income taxes | 24,262 | 192,042 | (198,841) | 490,412 |
| Benefit from (provision for) income taxes | 9,827 | (14,117) | 20,484 | (21,773) |
| Net income (loss) | 34,089 | 177,925 | (178,357) | 468,639 |
| Net (income) loss attributable to non-controlling interest | (35,874) | (176,630) | 166,189 | (451,129) |
| Net (loss) income attributable to Rocket Companies | $(1,785) | $1,295 | $(12,168) | $17,510 |
| (Loss) earnings per share of Participating Common Stock | ||||
| Basic | $(0.01) | $0.01 | $(0.08) | $0.13 |
| Diluted | $(0.01) | $0.01 | $(0.08) | $0.13 |
| Weighted average shares outstanding | ||||
| Basic | 171,438,105 | 139,647,845 | 159,643,228 | 138,319,794 |
| Diluted | 171,438,105 | 139,647,845 | 159,643,228 | 138,319,794 |
| Comprehensive income (loss) | ||||
| Net income (loss) | $34,089 | $177,925 | $(178,357) | $468,639 |
| Cumulative translation adjustment | 784 | 205 | 797 | 519 |
| Comprehensive income (loss) | 34,873 | 178,130 | (177,560) | 469,158 |
| Comprehensive (income) loss attributable to non-controlling interest | (36,713) | (176,822) | 165,336 | (451,614) |
| Comprehensive (loss) income attributable to Rocket Companies | $(1,840) | $1,308 | $(12,224) | $17,544 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.