v3.26.1
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Gain on sale of loans        
Gain on sale of loans excluding fair value of originated MSRs, net $ 446 $ 473 $ 1,134 $ 980
Fair value of originated MSRs 759 343 1,447 608
Gain on sale of loans, net 1,205 816 2,581 1,588
Loan servicing income        
Servicing fee income 1,066 401 2,149 802
Change in fair value of MSRs, net (616) (199) (1,101) (648)
Loan servicing income, net 450 202 1,048 154
Interest income 583 237 1,090 438
Other income 546 196 1,006 373
Total revenue, net 2,784 1,451 5,725 2,553
Expenses        
Salaries, commissions and team member benefits 1,050 623 2,129 1,233
General and administrative expenses 568 287 1,103 548
Marketing and advertising expenses 291 276 636 552
Interest expense 374 155 723 264
Depreciation and amortization 145 27 291 54
Other expenses 75 59 162 100
Total expenses 2,503 1,427 5,044 2,751
Income (loss) before income taxes 281 24 681 (198)
(Provision for) benefit from income taxes (52) 10 (155) 20
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)
Earnings (loss) per share of Participating Common Stock        
Basic (in dollars per share) $ 0.08 $ (0.01) $ 0.19 $ (0.08)
Diluted (in dollars per share) $ 0.08 $ (0.01) $ 0.19 $ (0.08)
Weighted average shares outstanding        
Basic (in shares) 2,836,345,108 171,438,105 2,832,422,032 159,643,228
Diluted (in shares) 2,843,538,118 171,438,105 2,843,996,649 159,643,228
Comprehensive income (loss)        
Net income (loss) $ 229 $ 34 $ 526 $ (178)
Cumulative translation adjustment 0 1 0 1
Comprehensive income (loss) 229 35 526 (177)
Comprehensive loss (income) attributable to non-controlling interest 1 (37) 1 165
Comprehensive income (loss) attributable to Rocket Companies $ 230 $ (2) $ 527 $ (12)