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Rocket Companies

Logo: Rocket Companies, Public domain, via Wikimedia Commons4

American fintech, mortgage lending, and real estate parent company

Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage (formerly known as Quicken Loans). Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.3 It employed about 14,200 people in 2024.1 Its shares trade on NYSE under the symbol RKT.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$6.7BRevenue, fiscal 20255
-$68.0MNet income, fiscal 20255

Compare with UWM Holdings, ONITY GROUP INC. or Finance of America Companies Inc., or pick any stock.

  • TickerRKT on NYSE1
  • IndustryMortgage Bankers & Loan Correspondents1
  • HeadquartersDetroit1
  • Websiterocket.com
  • Incorporated inMI6
  • Business address1050 Woodward Avenue, Detroit, Mi 482266
  • Filer categoryLarge accelerated filer6

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Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage (formerly known as Quicken Loans). Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-1.0%Net margin5
31.2%Revenue growth, 20255
-0.3%Return on equity5
-$4.0BFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription Revenue brought in 37% of the revenue Rocket Companies broke down this way in fiscal 2025.

  1. Subscription Revenue$351.0M537%up 31% from 2024
  2. Real Estate Brokerage$341.0M536%
  3. Closing Fees$139.0M515%up 31% from 2024
  4. Real Estate Network Referral$56.0M56%up 4% from 2024
  5. Appraisal Revenue$41.0M54%up 14% from 2024
  6. Real Estate Exchange Revenue$12.0M51%
Products and services by year
Products and services202320242025
Subscription Revenue$179.0M$267.0M$351.0M
Real Estate Brokerage$341.0M
Closing Fees$78.0M$106.0M$139.0M
Real Estate Network Referral$50.0M$54.0M$56.0M
Appraisal Revenue$40.0M$36.0M$41.0M
Real Estate Exchange Revenue$12.0M

Business segments

Direct To Customer brought in 88% of the revenue Rocket Companies broke down this way in fiscal 2025.

  1. Direct To Customer$4.8B588%up 23% from 2024
  2. Partner Network$668.0M512%down 0% from 2024
Business segments by year
Business segments202320242025
Direct To Customer$3.0B$3.9B$4.8B
Partner Network$439.0M$670.0M$668.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$6.7B
  • Income tax0¢$20.0M

Out of $6.7B in revenue.5 The company lost money this year.

Financial statements

Revenue891011125$6.7B in 2025+59% since 2018
0$5.0B$10.0B$15.0B$20.0B2018: $4.2B$4.2B20182019: $5.1B$5.1B2019+20%2020: $15.7B$15.7B2020+209%2021: $12.9B$12.9B2021−17%2022: $5.8B$5.8B2022−55%2023: $3.8B$3.8B2023−35%2024: $5.1B$5.1B2024+34%2025: $6.7B$6.7B2025+31%
Gross profit89101112$2.3B in 2024+38% since 2018
0$5.0B$10.0B$15.0B2018: $1.7B$1.7B20182019: $2.1B$2.1B2019+25%2020: $11.1B$11.1B2020+428%2021: $8.3B$8.3B2021−25%2022: $2.6B$2.6B2022−69%2023: $1.3B$1.3B2023−50%2024: $2.3B$2.3B2024+77%
Net income891011125-$68.0M in 2025
-$100.0M0$100.0M$200.0M$300.0M$400.0M2018: $0$020182019: $0$020192020: $198.0M$198.0M20202021: $308.2M$308.2M2021+56%2022: $46.4M$46.4M2022−85%2023: -$16.0M-$16.0M20232024: $29.0M$29.0M20242025: -$68.0M-$68.0M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Gain on sale of loans excluding fair value of originated MSRs, net$2.1B$1.7B$974.0M
Fair value of originated MSRs$1.7B$1.3B$1.1B
Gain on sale of loans, net$3.8B$3.0B$2.1B
Servicing fee income$2.3B$1.5B$1.4B
Change in fair value of MSRs, net-$1.5B-$579.0M-$701.0M
Loan servicing income, net$787.0M$883.0M$701.0M
Interest income$501.0M$413.0M$327.0M
Interest expense on funding facilities-$376.0M-$315.0M-$206.0M
Interest income, net$125.0M$98.0M$121.0M
Other income$2.0B$1.1B$911.0M
Total revenue, net$6.7B$5.1B$3.8B
Salaries, commissions and team member benefits$3.3B$2.3B$2.3B
General and administrative expenses$1.4B$893.0M$803.0M
Marketing and advertising expenses$1.1B$824.0M$737.0M
Depreciation and amortization$290.0M$113.0M$110.0M
Interest and amortization expense on non-funding debt$438.0M$154.0M$153.0M
Other expenses$347.0M$188.0M$142.0M
Total expenses$6.9B$4.4B$4.2B
(Loss) income before income taxes-$214.0M$668.0M-$403.0M
(Provision for) benefit from income taxes-$20.0M-$32.0M$13.0M
Net (loss) income-$234.0M$636.0M-$390.0M
Net loss (income) attributable to non-controlling interest$166.0M-$607.0M$374.0M
Net (loss) income attributable to Rocket Companies-$68.0M$29.0M-$16.0M
Basic (in dollars per share)-$0.05$0.21-$0.12
Diluted (in dollars per share)-$0.05$0.21-$0.15
Basic (in shares)1.3B shares141.0M shares128.6M shares
Diluted (in shares)1.3B shares141.0M shares2.0B shares
Cumulative translation adjustment$1.0M-$1.0M$0
Comprehensive (loss) income-$233.0M$635.0M-$390.0M
Comprehensive loss (income) attributable to non-controlling interest$165.0M-$606.0M$374.0M
Comprehensive (loss) income attributable to Rocket Companies-$68.0M$29.0M-$16.0M

Compare Rocket Companies with another company

Corporate structure

Rocket Companies sits at the top of its group. 25 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rocket Companies

  • Rocket Companies Detroit
    • Forsalebyowner.com Subsidiary · Chicago
    • LowerMyBills.com Subsidiary · Los Angeles
    • Mr. Cooper Subsidiary · Wilmington, Delaware, United States
    • Redfin Subsidiary · Seattle, Washington, United States
      • Bay Equity LLC Subsidiary · California, United States
      • BE Holdco LLC Subsidiary · Delaware, United States
      • Forward Settlement Solutions of Texas, LLC Subsidiary · Texas, United States
      • Forward Settlement Solutions, Inc. Subsidiary · Delaware, United States
      • Keystone and Garden State Conveyancing, Inc. Subsidiary · Delaware, United States
      • RDFN Ventures, Inc. Subsidiary · Delaware, United States
      • Redfin Home Services LLC Subsidiary · Delaware, United States
      • Redfin Mortgage, LLC Subsidiary · Seattle, Washington, United States
      • Redfin Subsidiary Holding Corporation Subsidiary · Delaware, United States
      • Redfin Unlimited Liability Company Subsidiary · British Columbia, Canada
      • RedfinNow Borrower LLC Subsidiary · Delaware, United States
      • RedfinNow Pledgor LLC Subsidiary · Delaware, United States
      • Rent Group Inc. Subsidiary · Delaware, United States
      • Title Forward Agency of Arizona, LLC Subsidiary · Delaware, United States
      • Title Forward of California Inc. Subsidiary · California, United States
      • Walk Score Management, LLC Subsidiary · Washington, United States
    • Rocket Close Subsidiary · Detroit
    • Rocket Loans Subsidiary · Detroit, United States
    • Rocket Money Subsidiary · Silver Spring, United States
    • Rocket Mortgage Subsidiary · Plymouth, Michigan, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rocket Companies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$955.0M5 Dec 31, 2025$834.0M5 Dec 31, 2024+14.5%
Accumulated depreciation$695.0M5 Dec 31, 2025$620.0M5 Dec 31, 2024+12.1%
Property and equipment, net$260.0M5 Dec 31, 2025$214.0M5 Dec 31, 2024+21.5%
Operating-lease assets (leased space)$292.0M5 Dec 31, 2025$282.0M5 Dec 31, 2024+3.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.7B5 Dec 31, 2025$1.3B5 Dec 31, 2024+111.8%
Stakes in other companies (equity method)$225.0M5 Dec 31, 2025$05 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$10.6B5 Dec 31, 2025$1.1B5 Dec 31, 2024+834.1%
Intangible assets, net (excluding goodwill)$2.2B5 Dec 31, 2025$91.0M5 Dec 31, 2024+2344.0%
Finite-lived intangibles, gross$2.5B5 Dec 31, 2025$167.0M5 Dec 31, 2024+1385.0%
Accumulated amortization$262.0M5 Dec 31, 2025$82.0M5 Dec 31, 2024+219.5%
Finite-lived intangibles, net$2.2B5 Dec 31, 2025$85.0M5 Dec 31, 2024+2509.4%

Properties, in its own words

We currently operate through a network of corporate offices and client support locations located throughout the United States, Canada and India, which are all leased. Our headquarters and principal executive offices are located at 1050 Woodward Avenue, Detroit, Michigan 48226. At this location, as of December 31, 2025, we lease office space totaling approximately 624,861 rentable square feet from an affiliate of Rocket Companies. The lease for our offices at 1050 Woodward Avenue expires on December 31, 2028 unless terminated earlier under certain circumstances specified in our leases. We believe that our facilities are in good operating condition and adequately meet our current needs and that additional or alternative space to support future use and expansion will be available on reasonable commercial terms.

Item 2 of the 10-K filed Mar 2, 2026.17

The story

Founded by Dan Gilbert.1

In 1985, Dan Gilbert founded Rock Financial, the company that would become Rocket Mortgage – the first of the Rocket Companies, in Metro Detroit.

In 1999, Rock Financial changed its name to Quicken Loans.

In 2020, Quicken Loans and several other tech-driven real estate and personal finance entities including Rocket Homes, Rocket Loans and Rocket Close became a publicly traded company under the name Rocket Companies. The company raised $1.8 billion in the initial public offering.

Following its transition to a public company in 2020, Jay Farner served as the company's vice chairman and CEO. Farner, who joined the organization in 1996, had previously served as CEO of Quicken Loans and oversaw the 2015 launch of the Rocket Mortgage platform. In February 2023, Farner announced his retirement from the company and the board of directors. He was succeeded by Bill Emerson as interim CEO, followed by the appointment of Varun Krishna as the permanent CEO in September 2023.

In 2021, Rocket Community Fund, the philanthropic partner company of Rocket Companies, announced an investment of $500 million in Detroit to be spent over the course of 10 years. That same year, they gave $5 million to the Rehabbed & Ready program which rehabilitates homes in Detroit and helps residents access financing for homeownership.

In 2023, Rocket Companies launched ONE+, a program that offers home loans for 1% down in an aim to provide lower income Americans with greater access to homeownership. That same year, the company announced that its team members, along with those from partner companies, have spent 1 million hours volunteering in the community.

Rocket Companies hired Jonathan Mildenhall as its first chief marketing officer and Shawn Malhotra as the company’s first chief technology officer in 2024. Malhotra focused on integrating AI into the homebuying process. The company developed Rocket Logic, an artificial intelligence (AI) platform designed to simplify the road to homeownership.

Rocket Companies was a meme stock in 2021 and in 2025, when traders began promoting it as one of the DORKs, an acronym that refers to Krispy Kreme (Donuts), Opendoor, Rocket, and Kohl's.

Read the full text

The Rocket Companies website, Rocket.com website, launched in 2025, contains finance and management tools aimed at streamlining the process of buying and selling a home. The site includes an AI agent that assists the client in collecting data from mortgage documents, completing forms, and correcting errors which may delay a mortgage’s approval. This automation has helped Rocket customers secure loans 2.5 times faster than the industry average.

In 2025, the company's Super Bowl LIX ad included a live sing-along to the song "Take Me Home, Country Roads", focusing on the American dream of homeownership.

In 2025, Rocket Companies announced agreements to acquire Mr. Cooper Group, America’s largest mortgage servicer, and Redfin, one of the largest real estate brokerages in the county.

From Wikipedia’s article on Rocket Companies, shared under CC BY-SA 4.0.7

Leadership

Who has led Rocket Companies, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jay Farner2020–2023
  2. Varun Krishna2023–2025
  3. Jesse K. Bray2025–now

President

  1. Robert D. Walters Jr.2020–2023
  2. William C. Emerson2025–now

Chief operating officer

  1. Heather M. Lovier2024–now
2025
Board members and other officers (20)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Employees over time

  • 202414,2001

Timeline

  1. Aug 17, 20268-K Executive or director change; Regulation FD disclosure42
  2. Aug 6, 20268-K Results of operations; Regulation FD disclosure43
  3. Jul 16, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation44
  4. Jun 16, 20268-K Entered a material agreement45
  5. Jun 10, 20268-K Other events46
  6. Jun 10, 20268-K Shareholder vote47
  7. Jun 9, 20268-K Other events48
  8. May 7, 20268-K Results of operations; Regulation FD disclosure49
  9. Feb 26, 20268-K Results of operations; Regulation FD disclosure50
  10. Feb 3, 20268-K Results of operations51
  11. Dec 22, 20258-K Entered a material agreement; New debt or obligation; Other events52
  12. Nov 26, 20258-K Entered a material agreement; New debt or obligation53
  13. Oct 2, 2025New chief executive Jesse K. Bray becomes CEO18
  14. Sep 8, 2023New chief executive Varun Krishna becomes CEO19
  15. Aug 6, 2020Went public Listed on NYSE1
  16. Aug 5, 2020New chief executive Jay Farner becomes CEO20

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.05 a share, on Oct 30, 2025.54

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results43
  2. May 7, 2026Reported quarterly or annual results49
  3. Feb 26, 2026Reported quarterly or annual results50
  4. Feb 3, 2026Reported quarterly or annual results51
  5. Oct 30, 2025Reported quarterly or annual results55
  6. Jul 31, 2025Reported quarterly or annual results56
  7. May 8, 2025Reported quarterly or annual results57
  8. Feb 27, 2025Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

586 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 86 major events, 344 insider forms, 61 large holders, 74 other. The latest 20:

  1. Oct 8, 20264 EDGAR
  2. Oct 8, 20264 EDGAR
  3. Oct 8, 20264 EDGAR
  4. Oct 8, 20264 EDGAR
  5. Oct 8, 20264 EDGAR
  6. Oct 8, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Sep 16, 20264 EDGAR
  10. Sep 15, 2026144 EDGAR
  11. Sep 9, 20264 EDGAR
  12. Sep 9, 20264 EDGAR
  13. Sep 9, 20264 EDGAR
  14. Sep 9, 20264 EDGAR
  15. Sep 9, 20264 EDGAR
  16. Sep 9, 20264 EDGAR
  17. Sep 9, 20264 EDGAR
  18. Sep 9, 20264 EDGAR
  19. Sep 9, 20264 EDGAR
  20. Aug 17, 20264 EDGAR

The 586 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

430 open-market trades by officers, directors and large owners since October 2021: 386 buys and 44 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Bray Jesse KPres & CEO, Rocket MortgageSale225,000$13.11$2.9MForm 4
Jan 12, 2026Rizik MatthewDirectorSale2,500$22.99$57.5KForm 4
Jan 9, 2026Rizik MatthewDirectorSale2,500$22.78$57.0KForm 4
Jan 8, 2026Rizik MatthewDirectorSale2,500$21.29$53.2KForm 4
Jan 7, 2026Rizik MatthewDirectorSale2,500$21.26$53.1KForm 4
Jan 6, 2026Rizik MatthewDirectorSale2,500$20.98$52.5KForm 4
Jan 5, 2026Rizik MatthewDirectorSale2,500$21.04$52.6KForm 4
Jan 2, 2026Rizik MatthewDirectorSale2,500$19.70$49.2KForm 4
Dec 31, 2025Rizik MatthewDirectorSale2,500$19.45$48.6KForm 4
Dec 30, 2025Rizik MatthewDirectorSale2,500$19.88$49.7KForm 4
Dec 29, 2025Rizik MatthewDirectorSale2,500$19.25$48.1KForm 4
Dec 26, 2025Rizik MatthewDirectorSale2,500$19.38$48.5KForm 4
Dec 24, 2025Rizik MatthewDirectorSale2,500$19.44$48.6KForm 4
Dec 23, 2025Rizik MatthewDirectorSale2,500$18.92$47.3KForm 4
Dec 22, 2025Rizik MatthewDirectorSale2,500$18.99$47.5KForm 4
Dec 19, 2025Rizik MatthewDirectorSale2,500$19.21$48.0KForm 4
Dec 18, 2025Rizik MatthewDirectorSale2,500$18.83$47.1KForm 4
Dec 17, 2025Rizik MatthewDirectorSale2,500$18.22$45.5KForm 4
Dec 16, 2025Rizik MatthewDirectorSale2,500$18.08$45.2KForm 4
Dec 15, 2025Rizik MatthewDirectorSale2,500$17.97$44.9KForm 4

All 430 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Varun KrishnaPresident and CEO$1.3M$52.9M76
2025Jay BrayPresident and CEO (Rocket Mortgage)$315.1K$41.8M76
2025Brian BrownCFO and Treasurer$700.0K$16.1M76
2025Heather LovierChief Operating Officer$600.0K$10.3M76
2025Bill BanfieldChief Business Officer$600.0K$10.1M76
2024Varun KrishnaPresident and CEO$1.2M$25.9M76
2024Brian BrownCFO and Treasurer$667.5K$7.2M76
2024Heather LovierChief Operating Officer$516.5K$4.7M76
2023Varun KrishnaPresident and CEO$404.1K$3.4M76
2023Brian BrownCFO and Treasurer$500.0K$3.0M76

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Capital World Investors69,332,560$1.1B0.1%New
BlackRock, Inc.69,066,062$1.1B0.0%+2,473,904
Fmr LLC52,060,648$820.0M0.0%+20,382,974
Vanguard Capital Management LLC42,689,718$672.4M0.0%+1,014,007
ValueAct Holdings, L.P.41,668,774$656.3M11.6%+13,454,050
Vanguard Portfolio Management LLC40,503,401$637.9M0.0%+951,151
Capital International Investors33,407,832$526.2M0.1%+29,754,919
Morgan Stanley28,542,001$449.5M0.0%+5,948,345
Goldman Sachs Group Inc23,227,764$365.8M0.0%+14,190,099
State Street Corp22,268,377$350.7M0.0%+722,909
Cooperman Leon G21,016,600$331.0M9.3%No change
Bank Of America Corp /de/19,729,308$310.7M0.0%+3,560,981
Norges Bank17,505,324$275.7M0.0%New
Geode Capital Management, LLC16,973,040$266.6M0.0%+312,531
Durable Capital Partners LP16,488,238$259.7M2.5%−2,817,487
Bank of New York Mellon Corp15,604,077$245.8M0.0%+11,889,385
Contour Asset Management LLC14,961,047$235.6M5.6%+5,091,721
Jpmorgan Chase & Co13,727,827$213.4M0.0%−1,377,305
Capital Research Global Investors10,703,415$168.6M0.0%New
Allspring Global Investments Holdings, LLC9,534,062$151.1M0.2%+6,903,217
Boston Partners9,523,332$150.0M0.1%+275,162
Assenagon Asset Management S.A.9,507,856$149.7M0.1%New
Wellington Management Group Llp9,029,295$142.2M0.0%+3,541,916
Fred Alger Management, LLC7,924,378$124.8M0.4%−2,265,051
Charles Schwab Investment Management Inc7,671,810$120.8M0.0%−545,064

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Rocket Companies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRocket Companies, Inc.2
  • CIK0001805284
  • Employer ID (EIN)84-494647017
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6162 Mortgage Bankers & Loan Correspondents2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address1050 Woodward Avenue, Detroit, MI 482262
  • Phone(800) 226-63082
  • Shares outstanding970,935,922 Common Class A shares; 1,848,879,455 Common Class L shares as of Feb 23, 202617
  • Public float$2.1B as of Jun 30, 202517
  • AuditorErnst & Young LLP, Detroit, Michigan PCAOB ID 42; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMar 6, 20202
  • Filings691 in all: 4 (361), 8-K (101), SCHEDULE 13G/A (30), 425 (25), 3 (24), 10-Q (19), SC 13G/A (13), CORRESP (11)2
    All 42 form types

    SC 13G (10), UPLOAD (10), SCHEDULE 13G (9), 10-K (6), 8-K/A (6), DEF 14A (6), DEFA14A (5), S-8 (5), SCHEDULE 13D/A (5), ARS (4), 144 (3), 3/A (3), EFFECT (3), S-4/A (3), 424B3 (2), DEFM14C (2), DRS/A (2), DRSLTR (2), S-1/A (2), S-3ASR (2), S-4 (2), SCHEDULE 13D (2), SEC STAFF LETTER (2), 10-K/A (1), 4/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), FWP (1), NT 10-Q (1), PRE 14A (1), PREM14C (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Aug 17, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.00001 per shareRKTNew York Stock Exchange

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Rocket Companies names in Item 1A of its 10-K filed Mar 2, 2026: 63 risks under these headings, as written.17

  • Risks Relating to Technology and Cybersecurity
  • The success and growth of our business, results of operations and financial condition will depend upon our continued ability to adapt to and implement technological changes to meet our business needs and the changing demands of the market and our clients.
  • Issues related to the development, proliferation and use of AI could give rise to legal and/or regulatory action, damage our reputation or otherwise materially harm our business.
  • Cyberattacks, security breaches or a failure to comply with information security laws or regulations could result in serious harm to our reputation and adversely affect our business.
  • Technology disruptions or failures, including a failure in our operational or security systems or infrastructure, or those of third parties with whom we do business, could disrupt our business, cause legal or reputational harm, and adversely impact our results of operations and financial condition.
  • Reliance on digital platforms and app marketplaces poses growing risks to client acquisition and business growth.
  • Some aspects of our Rocket technology platform include open-source software and any failure to comply with the terms of one or more of these open-source licenses could adversely affect our business.
  • Risks Related to Our Business and Operations
  • We are, and intend to continue, developing new products and services and our failure to accurately predict their demand or growth could have an adverse effect on our business.
  • We may not be able to continue to grow our loan origination business or effectively manage significant increases in our loan production volume, both of which could negatively affect our reputation and business, financial condition, and results of operations.
  • We are required to make servicing advances that can be subject to delays in recovery or may not be recoverable in certain circumstances.
  • Some of the loans we service are higher risk loans, which are more expensive to service and may lead to liquidity challenges.
The other 53 risks
  • Our counterparties may terminate our servicing rights and subservicing contracts under which we conduct servicing activities.
  • A failure to maintain the ratings assigned to us by a rating agency could have an adverse effect on our business, financial condition and results of operations.
  • Our origination and servicing businesses and operating results may be adversely impacted due to a decline in market share for our origination business, a faster than expected increase in payoffs of serviced loans and an inability to recapture loans from existing serviced clients.
  • We depend on our ability to sell loans in the secondary market to a limited number of investors and to the GSEs, and to securitize our loans into MBS through the GSEs and Ginnie Mae. If our ability to sell or securitize mortgage loans is impaired, we may not be able to originate mortgage loans.
  • We may be required to repurchase or substitute mortgage loans or MSRs that we have sold, or indemnify purchasers of our mortgage loans or MSRs.
  • Our underwriting may not accurately predict the likelihood of default for all loans, which can result in substantial losses that could adversely affect our financial condition.
  • We rely upon the accuracy and completeness of information about borrowers and any misrepresented information or fraud could result in significant financial losses and harm to our reputation.
  • Failure of vendors to perform to contractual agreements embedded in our products and services and our failure to effectively oversee vendor operations could adversely affect our business.
  • Redfin is reliant on real estate listing data and may be unable to obtain and provide comprehensive and accurate real estate listings quickly, or at all.
  • Redfin is subject to the rules, terms of service, and policies of realtor associations and MLSs, and any non-compliance may restrict or terminate their access to and use of listings data.
  • We may be unable to make acquisitions and investments, successfully integrate acquired companies (including Redfin and Mr. Cooper) into our business, or our acquisitions (including Redfin and Mr. Cooper) and investments may not meet our expectations, any of which could adversely affect our business, financial condition and results of operations.
  • We may not achieve the intended benefits of our acquisition of Redfin and acquisition of Mr. Cooper, and the Redfin Acquisition or the Mr. Cooper Acquisition may disrupt our current plans or operations.
  • Negative public opinion could damage our brand and reputation, which could adversely affect our business and earnings.
  • Instability caused by acts of violence or war may affect the lending industry and capital markets generally and our business, financial condition and results of operations.
  • Our risk management efforts may not be effective at mitigating potential losses resulting in increased costs or business disruption.
  • We face intense competition that could adversely affect us.
  • Risks Relating to the Financial and Macroeconomic Environment
  • Our business is significantly impacted by interest rates. Changes in prevailing interest rates, U.S. monetary policies, or other macroeconomic conditions affecting interest rates have had and may in the future have a detrimental effect on our business.
  • Our Rocket Mortgage business relies on our loan funding facilities to fund mortgage loans and otherwise operate our business. If one or more of such facilities are terminated, we may be unable to find replacement financing at commercially favorable terms, or at all, which could be detrimental to our business.
  • Our ability to refinance existing debt and borrow additional funds is affected by a variety of factors.
  • Our loan origination and servicing revenues are highly dependent on macroeconomic and U.S. residential real estate market conditions.
  • If the value of the collateral underlying certain of our loan funding facilities decreases, we could be required to satisfy a margin call and an unanticipated margin call could have a material adverse effect on our liquidity.
  • A disruption in the secondary home loan market, including the MBS market, could have a detrimental effect on our business.
  • Our business is highly dependent on Fannie Mae and Freddie Mac and certain U.S. government agencies and any changes in these entities or their current roles could be detrimental to our business.
  • Challenges to the MERS® System could materially and adversely affect our business, results of operations and financial condition.
  • Our hedging strategies may not be successful in mitigating our risks associated with changes in interest rates.
  • We rely on internal models to manage risk and to make business decisions. Our business could be adversely affected if those models fail to produce reliable and/or valid results.
  • A substantial portion of our assets, including our MSRs, are measured at fair value. Fair value determinations require many assumptions and complex analyses and we cannot control many of the underlying factors. If our estimates prove to be incorrect, we may be required to write down the value of such assets, which could adversely affect our earnings, financial condition and liquidity.
  • Risks Relating to Regulatory Compliance and Litigation
  • We operate in heavily regulated industries and our activities expose us to risks of non-compliance with an increasing and inconsistent body of complex laws and regulations at the U.S. federal, state and local levels, as well as in Canada.
  • Regulatory agencies and consumer advocacy groups may assert claims that the practices of lenders and loan servicers result in a disparate impact on protected classes.
  • Government regulation of the internet, online marketing, data privacy, and other aspects of our business is evolving, and we may experience unfavorable changes in or failure to comply with existing or future regulations and laws.
  • Our mortgage business is exposed to heightened regulatory scrutiny by various governmental agencies impacting both loan origination and servicing. The agencies’ continued monitoring, rule issuance. published guidance, and enforcement actions increase our regulatory compliance burden and associated costs.
  • If we do not obtain and maintain the appropriate state licenses, we will not be allowed to do business in some states, which would adversely affect our operations.
  • We are subject to guidelines, laws and regulations regarding our use of telemarketing; a failure to comply with such laws and guidelines, including the TCPA, could increase our operating costs and adversely impact our business.
  • Changes in tax laws may adversely affect us, and the IRS or a court may disagree with our tax positions, which may result in adverse effects on our financial condition or the value of our common stock.
  • Our reported financial results may be materially and adversely affected by future changes in accounting principles generally accepted in the United States.
  • We are subject to various legal actions that if decided adversely, or if viewed unfavorably by the public, could be detrimental to our business.
  • The conduct of the brokers through whom we originate loans could subject us to fines or other penalties.
  • We and our vendors have operations in India that could be adversely affected by changes in political or economic stability or by government policies.
  • Risks Relating to Privacy and Intellectual Property
  • The collection, processing, storage, use and disclosure of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights.
  • We could be adversely affected if we inadequately obtain, maintain, protect and enforce our intellectual property and proprietary rights and may encounter disputes from time to time relating to our use of the intellectual property of third parties.
  • Risks Relating to our Human Capital
  • We may not be able to hire, train and retain qualified personnel to support our growth, and difficulties with hiring, team member training and other labor issues could adversely affect our ability to implement our business objectives and disrupt our operations.
  • If we cannot maintain our corporate culture, we could lose the innovation, collaboration and focus on the mission that contribute to our business.
  • Loss of our key leadership could result in a material adverse effect on our business.
  • Risks Relating to our Corporate Structure
  • We are a holding company and accordingly we are dependent upon distributions from our subsidiaries to pay taxes and other expenses.
  • We may be required to pay RHI II and Mr. Gilbert for certain tax benefits we may utilize, and the amounts we may pay could be significant.
  • Our organizational documents may impede or discourage a takeover, which could deprive our investors of the opportunity to receive a premium for their shares.
  • Our certificate of incorporation contains a provision renouncing our interest and expectancy in certain corporate opportunities.
  • Our certificate of incorporation requires exclusive forum in certain courts in the State of Michigan or the State of Delaware or the federal district courts of the United States for certain types of lawsuits, which may have the effect of discouraging lawsuits against our directors and officers.
  • We are controlled by Mr. Gilbert, whose interests may conflict with our interests and the interests of other stockholders. Further, because we are a “controlled company” within the meaning of the NYSE rules, we qualify for and intend to rely on exemptions from certain corporate governance requirements.
  • Risks Related to Ownership of Our Class A Common Stock
  • A material weakness in our control environment could have a material adverse effect on us including an inability to accurately or timely report our financial results and our stock price could be adversely affected.
  • The U.S. federal income tax treatment of distributions on our Class A common stock to a holder will depend upon our tax attributes and the holder’s tax basis in our stock, which are not necessarily predictable and can change over time.
  • Future sales of our common stock, or the perception in the public markets that these sales may occur, may depress the price of our Class A common stock.
  • The price of our Class A common stock has been, and may in the future be, volatile and your investment in our common stock could suffer a decline in value.

Legal proceedings

For a discussion of our Legal Proceedings, refer to Note 15 Commitments and Contingencies in the notes to our audited Consolidated Financial Statements of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.17

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