Rocket Companies

Rocket Companies, Inc. (Rocket) is a homeownership platform based in Detroit. Its main business, Rocket Mortgage, makes and services home loans. Rocket also owns Redfin, a home search and brokerage business, Rocket Money, a personal finance app, and title, closing and appraisal services. At September 30, 2026, it serviced $2.0 trillion of loans, 9.1 million loans in all, of which $1.2 trillion was its own servicing rights and the rest was subservicing.

Rocket says that it ranked first by volume in purchase, refinance, home equity and servicing in Q2 2026. It bought Redfin on July 1, 2025, in an all-stock deal worth about $1.7 billion. It bought Mr. Cooper, a large mortgage servicer, on October 1, 2025, in an all-stock deal worth about $17.0 billion, which included $3.1 billion of cash that paid off Mr.

Cooper's notes. On June 30, 2025, Rocket ended its Up-C structure. Only Class A and Class L common stock exist now. They have equal rights to earnings and dividends, and Class L converts one for one into Class A.

At October 23, 2026, there were 1,913.5 million Class A and 924.4 million Class L shares. Varun Krishna is Chief Executive Officer. Rocket's shares trade on the New York Stock Exchange.

The market prices Rocket as a lender whose profit follows mortgage rates, and it doubts that the two large deals have made profit steadier. Rocket paid for Redfin and Mr. Cooper with new shares, so the share count grew from about 2.1 billion in Q3 2025 to 2.8 billion, and it carries senior notes of $10.7 billion and secured funding of $14.2 billion. Adjusted net income was $1,282 million for nine months of 2026, but GAAP income swings with the value of servicing rights, and Rocket guides Q4 adjusted revenue to $2.1 billion to $2.3 billion, lower than the $2.6 billion of Q3.

For the shares to earn more, three things must be true. Servicing must give steady income when new loans slow: servicing fee income was $1,032 million in Q3. Recapture, the share of clients who refinance or buy again with Rocket, must keep volume up. Costs must stay in line while AI replaces manual work.

Each report through 2027 and the path of mortgage rates show whether this holds. The Q4 2026 report is expected in February 2027.

1. Oct 29, 2026Passed

   Q3 2026 results: adjusted revenue and profitAdjusted revenue within the outlook of $2.5 billion to $2.7 billion passes; a result below it fails.Outcome: Adjusted revenue was $2,574 million and adjusted net income was $419 million.
2. Feb 25, 2027 · est.Pending

   Q4 2026 results: adjusted revenue and servicing incomeAdjusted revenue within the outlook of $2.1 billion to $2.3 billion and adjusted net income near $300 million pass; adjusted revenue below $2.1 billion fails.
3. May 2027 · est.Pending

   Q1 2027 results: purchase volume and costsAdjusted net income of $300 million or more with rate lock volume above that of Q4 passes; a lower result fails.

Every passed and failed checkpoint across all picks

• October 30, 2026Rocket filed its Form 10-Q for Q3 2026. It shows equity of $24.3 billion and 1,913,456,820 Class A and 924,439,745 Class L shares at October 23, 2026. During Q3, holders converted 924,439,710 Class L shares into Class A shares one for one. The weighted average rate on the unsecured senior notes was 5.43%.
• October 29, 2026Rocket reported Q3 2026 results. Revenue, net was $3.28 billion, adjusted revenue was $2.57 billion, GAAP net income was $709 million and adjusted net income was $419 million, or $0.15 per share. Closed loan volume was $43.6 billion with a total gain on sale margin of 2.54%. Rocket guided Q4 adjusted revenue to $2.1 billion to $2.3 billion.
• August 17, 2026Rocket's board grew from nine to ten directors and appointed Sarah Watterson, an independent director.

Last earnings

October 29, 2026 (8-K on sec.gov)

Next earnings

Expected about February 25, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 30, 2026 · rkt-20260930
• 8-KEarnings release and Investor disclosureFiled October 29, 2026 · Press release and exhibits
• 8-KChange of directors or officers and Investor disclosureFiled August 17, 2026 · rkt-20260817
• 10-QQuarterly report for the period ended Jun 30, 2026Filed August 7, 2026 · rkt-20260630
• 8-KEarnings release and Investor disclosureFiled August 6, 2026 · Press release and exhibits
• 8-KNew material agreement and End of a material agreementFiled July 16, 2026 · Read it on sec.gov
• 8-KNew material agreementFiled June 16, 2026 · Read it on sec.gov
• 8-KShareholder vote resultsFiled June 10, 2026 · rkt-20260610
• 8-KOther company newsFiled June 10, 2026 · Read it on sec.gov
• 8-KOther company newsFiled June 9, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 1805284)

• Mortgage rates drive volume and margin. Gain on sale of loans, excluding the fair value of new servicing rights, was $302 million in Q3 against $641 million a year before, because rates reached a three-year high. Higher rates for longer would keep volume and margin low.
• Servicing rights are worth $20,257 million at fair value, and the value moves with rates and prepayment speeds. The change in fair value of servicing rights was a loss of $945 million in nine months of 2026. These swings make GAAP income hard to read.
• Funding is large. Secured financing was $14,187 million and unsecured financing was $10,716 million at September 30, 2026. Lenders set covenants on net worth, liquidity and debt. A breach could limit loan funding. Rocket says it met all the covenants.
• The deals must work together. Rocket must join the brokerage of Redfin, the servicing of Mr. Cooper and its own lending. Acquisition-related expenses were $291 million in nine months of 2026. A 2023 cyber attack at Mr. Cooper is the subject of a class action lawsuit that Rocket is defending.
• A tax receivable agreement with RHI II, LLC and Daniel Gilbert makes Rocket pay 90% of the tax savings that it actually realizes from certain tax basis increases. The amount depends on future taxable income.

Rocket reported cash of $2,699 million, mortgage loans held for sale of $13,218 million and mortgage servicing rights of $20,257 million at September 30, 2026. Secured financing was $14,187 million and unsecured financing was $10,716 million. Read more

Paid per share

$0.00 in the last 12 months (0 payments)

Latest ex-dividend date

March 20, 2025, $0.80 per share

Dividends per share by year

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.