Rocket Companies, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 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 Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net loss | $(302,211) | $(12,785) |
| Adjustments to reconcile Net loss to Net cash used in operating activities: | ||
| Depreciation and amortization | 132,776 | 83,633 |
| (Benefit from) provision for deferred income taxes | (85,678) | 5,600 |
| Origination of MSRs | (993,644) | (906,044) |
| Change in fair value of MSRs, net | 1,171,794 | 940,747 |
| Gain on sale of loans excluding fair value of MSRs, net | (1,621,295) | (1,396,128) |
| Disbursements of mortgage loans held for sale | (81,426,933) | (72,075,853) |
| Proceeds from sale of mortgage loans held for sale | 80,431,863 | 68,853,271 |
| Disbursements of non-mortgage loans held for sale | (421,247) | (236,845) |
| Change in fair value of non-mortgage loans held for sale | 8,298 | 1,503 |
| Share-based compensation expense | 161,631 | 109,925 |
| Change in assets and liabilities | ||
| Due from affiliates | (3,188) | 4,304 |
| Other assets | 152,415 | 44,460 |
| Accounts payable | 43,715 | 4,576 |
| Due to affiliates | 74 | (495) |
| Other liabilities | 54,230 | 107,723 |
| Total adjustments | $(2,395,189) | $(4,459,623) |
| Net cash used in operating activities | $(2,697,400) | $(4,472,408) |
| Investing activities | ||
| Acquisition of business, net of cash acquired | $(78,543) | $— |
| Net proceeds from sale of MSRs | 314,977 | 219,694 |
| Net purchase of MSRs | (244,330) | (641,975) |
| Decrease in mortgage loans held for investment | 1,267 | 11,243 |
| Purchase and other additions of property and equipment, net of disposals | (51,012) | (48,787) |
| Net cash used in investing activities | $(57,641) | $(459,825) |
| Financing activities | ||
| Net borrowings on funding facilities | $3,656,663 | $5,131,660 |
| Borrowings on Senior Notes | 4,000,000 | — |
| Payment of debt issuance costs | (39,810) | — |
| Net payments on early buy out facility | (38,360) | (96,345) |
| Net payments on notes payable from unconsolidated affiliates | (28,514) | — |
| Proceeds from consolidated CFE, net | 56,018 | 51,030 |
| Stock issuance | 38,583 | 33,288 |
| Taxes withheld on team members' restricted share award vesting | (85,829) | (57,216) |
| Distributions to other unit holders (members of Holdings) | (236,182) | (18,580) |
| Net cash provided by financing activities | $7,322,569 | $5,043,837 |
| Effects of exchange rate changes on cash and cash equivalents | 291 | 161 |
| Net increase in cash and cash equivalents and restricted cash | 4,567,819 | 111,765 |
| Cash and cash equivalents and restricted cash, beginning of period | 1,289,321 | 1,136,832 |
| Cash and cash equivalents and restricted cash, end of period | $5,857,140 | $1,248,597 |
| Non-cash activities | ||
| Loans transferred to other real estate owned | $3,698 | $3,046 |
| Issuance of common stock as consideration for acquisition | 1,466,094 | — |
| Share-based compensation as consideration for acquisition | 23,898 | — |
| Supplemental disclosures | ||
| Cash paid for interest on related party borrowings | $278 | $1,291 |
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