The Company applies the two-class method for calculating and presenting earnings per share for Class A common stock and Class L common stock, which have equal rights to participate in earnings and dividends on a per share basis. RSUs and PSUs are included in the weighted-average Shares of Class A common stock outstanding in the calculation of basic earnings per share once fully vested.

Basic earnings per share of Participating Common Stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Participating Common Stock outstanding during the period. Diluted earnings per share of Participating Common Stock is computed by dividing Net income (loss) attributable to Rocket Companies by the weighted-average number of shares of Participating Common Stock outstanding adjusted to give effect to potentially dilutive securities.

Diluted earnings per share reflects the dilutive effect of potential common shares from share-based awards, shares issuable on the conversion of convertible debt and Class D common stock. The treasury stock method is used to calculate the dilutive effect of outstanding share-based awards, which assumes the proceeds upon vesting or exercise of awards would be used to purchase common stock at the average price for the period. The if-converted method is used to calculate the dilutive effect of converting our Convertible Senior Notes and Class D common stock to Class A common stock. Under the if-converted method, the denominator of the diluted earnings per share calculation is adjusted to reflect the full number of common shares issuable upon conversion of our Convertible Senior Notes and Class D common stock while the numerator is adjusted to add back interest and amortization expense for the period related to our Convertible Senior Notes. Prior to the Up-C Collapse, Holdings LLC Units paired with Class D common stock were evaluated for dilutive effect under the if-converted method. Refer to the 2025 Form 10-K for further details.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income (loss)	$	229	$	34	$	526	$	(178)
Net loss (income) attributable to non-controlling interest	1		(36)		1		166
Net income (loss) attributable to Rocket Companies	$	230	$	(2)	$	527	$	(12)

Denominator:
Weighted average shares of Participating Common Stock outstanding - basic (1)	2,836,345,108		171,438,105		2,832,422,032		159,643,228
Add: Dilutive impact of share-based compensation awards (2)	7,193,010		—		11,574,617		—
Weighted average shares of Participating Common Stock outstanding - diluted	2,843,538,118		171,438,105		2,843,996,649		159,643,228

Earnings (loss) per share of Participating Common Stock outstanding - basic	$	0.08	$	(0.01)	$	0.19	$	(0.08)
Earnings (loss) per share of Participating Common Stock outstanding - diluted	$	0.08	$	(0.01)	$	0.19	$	(0.08)


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Class A common shares	987,465,653	151,120,748	983,542,577	149,428,424
Class L common shares	1,848,879,455	20,317,357	1,848,879,455	10,214,804
Total Participating Common Stock	2,836,345,108	171,438,105	2,832,422,032	159,643,228

A portion of the Company RSUs, PSUs, stock options, shares issuable under the TMSPP and convertible notes were excluded from the computation of diluted earnings per share as the weighted portion for the period they were outstanding was determined to have an anti-dilutive effect. The following table sets forth the number of potentially issuable shares that were determined to have an anti-dilutive effect:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
RSUs	7,029,050	11,815,692	3,084,100	11,815,692
PSUs	2,621,234	1,832,589	2,621,234	1,832,589
Stock options	11,988,041	13,903,948	11,988,041	13,908,948
TMSPP	—	62,790	—	88,992
Convertible note	4,263,561	—	4,263,561	—