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    Rocket Companies (RKT)

    Market Price (9/20/2026): $12.39 | Market Cap: $35.1 BilSector: Financials | Industry: Commercial & Residential Mortgage Finance

    Rocket Companies (RKT)

    Market Price (9/20/2026): $12.39
    Market Cap: $35.1 Bil
    Sector: Financials
    Industry: Commercial & Residential Mortgage Finance

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 94%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments, Smart Buildings & Proptech, and E-commerce & Digital Retail. Themes include Online Banking & Lending, Show more.

    Weak multi-year price returns
    2Y Excs Rtn is -70%, 3Y Excs Rtn is -38%

    Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%

    Expensive valuation multiples
    P/EPrice/Earnings or Price/(Net Income) is 74x

    Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%

    Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%

    Key risks
    RKT key risks include [1] significant integration challenges and execution risks from its aggressive acquisition strategy, Show more.

    0 Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 94%
    1 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments, Smart Buildings & Proptech, and E-commerce & Digital Retail. Themes include Online Banking & Lending, Show more.
    2 Weak multi-year price returns
    2Y Excs Rtn is -70%, 3Y Excs Rtn is -38%
    3 Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 70%
    4 Expensive valuation multiples
    P/EPrice/Earnings or Price/(Net Income) is 74x
    5 Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%
    6 Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%
    7 Key risks
    RKT key risks include [1] significant integration challenges and execution risks from its aggressive acquisition strategy, Show more.

    RKT in ETFs

    Weight = RKT's share of each fund

    VTI0.02%
    ITOT0.02%
    IWB0.02%
    VTV0.04%
    VO0.12%
    SCHA0.28%
    VOT0.27%
    IWS0.13%
    +11 more covered ETFs

    Valuation & Metrics

    FYE: 12/31RKT [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$9.0 Bil—
    FY 2026 Sales$11.0 Bil—
    FY 2027 Sales$12.0 Bil—
    FY 2026 Sales Growth23.1%—
    FY 2027 Sales Growth8.7%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$471.2 Mil—
    FY 2026 Net Income (Non-GAAP)$1.5 Bil—
    FY 2027 Net Income (Non-GAAP)$2.1 Bil—
    FY 2027 Net Income Growth40.2%18.1%
    FY 2026 EPS (Non-GAAP)$0.62—
    FY 2027 EPS (Non-GAAP)$0.86—
    FY 2027 EPS Growth39.9%—
    VALUATION
    FY 2026 P/S3.21.6
    FY 2027 P/S2.9—
    FY 2026 P/E23.37.4
    FY 2027 P/E16.6—

    [1] RKT forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    RKTS&P 500
    REVENUE GROWTHVERY GOOD
    Rev LTM ($ Bil)9.0
    Rev Chg Q86.0%9.1%
    Rev Chg LTM94.2%8.3%
    Rev Chg 3Y Avg41.3%5.8%
    PROFITABILITYPOOR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)-0.6
    Net Inc LTM ($ Bil)0.5
    CFO/Rev LTM-7.1%21.8%
    Net Inc Mgn5.3%13.1%
    VALUATIONVERY HIGH
    P/S3.93.1
    P/CFO-55.414.7
    P/FCF-24.519.1
    P/E74.622.4

    AI Analysis | Feedback

    MetricValueDateSource
    Mortgage origination closed loan volume$32.4 billion9302025Link
    Gain on sale margin2.80%9302025Link
    Net mortgage rate lock volume$35.8 billion9302025Link
    Servicing portfolio unpaid principal balance$613 billion9302025Link
    Number of loans serviced2.9 million9302025Link
    Recurring servicing fee income$1.7 billion (annualized)9302025Link
    Client retention rate98%10302025Link

    Price Chart

    Upcoming
    10/29/2026Earnings ReleaseRev: $2.0 Bil (E)
    EPS: $0.15 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/17/2026

    Rocket Companies (RKT) stock has lost about 15% since 5/31/2026 because of the following key factors:

    1. Persistent macroeconomic headwinds from elevated mortgage rates and a subdued housing market weighed on investor sentiment.

    The 30-year fixed-rate mortgage trended upward, averaging 6.95% as of September 17, 2026, an increase from 6.76% the prior week and 6.26% a year earlier. These elevated rates, influenced by lingering inflation and economic uncertainty, contributed to a challenging housing market. Existing home sales declined by 1.7% month-over-month in July 2026, and pending home sales fell to their lowest level in nearly three years in September 2026, indicating reduced demand. While median home prices saw a modest 2.0% year-over-year increase in July 2026, overall housing inventory remained below pre-pandemic levels, leading to affordability challenges and a "lock-in effect" for homeowners with lower existing mortgage rates.

    2. Rocket Companies' fiscal Q2 2026 earnings, reported on August 6, 2026, included a revenue miss and highlighted negative free cash flow.

    For fiscal Q2 2026, which ended June 30, 2026, Rocket Companies reported adjusted diluted earnings per share (EPS) of $0.16, meeting analyst consensus estimates. However, adjusted revenue of $2.76 billion fell short of analysts' expectations of $2.81 billion. Furthermore, the company reported negative operating cash flow of approximately -$1.21 billion and negative free cash flow of roughly -$1.41 billion for the quarter, despite achieving accounting profits. Management also provided guidance for fiscal Q3 2026 adjusted revenue between $2.5 billion and $2.7 billion.

    Show more
    Updated on 9/17/2026

    Rocket Companies (RKT) stock has lost about 15% since 5/31/2026 because of the following key factors:

    1. Persistent macroeconomic headwinds from elevated mortgage rates and a subdued housing market weighed on investor sentiment.

    The 30-year fixed-rate mortgage trended upward, averaging 6.95% as of September 17, 2026, an increase from 6.76% the prior week and 6.26% a year earlier. These elevated rates, influenced by lingering inflation and economic uncertainty, contributed to a challenging housing market. Existing home sales declined by 1.7% month-over-month in July 2026, and pending home sales fell to their lowest level in nearly three years in September 2026, indicating reduced demand. While median home prices saw a modest 2.0% year-over-year increase in July 2026, overall housing inventory remained below pre-pandemic levels, leading to affordability challenges and a "lock-in effect" for homeowners with lower existing mortgage rates.

    2. Rocket Companies' fiscal Q2 2026 earnings, reported on August 6, 2026, included a revenue miss and highlighted negative free cash flow.

    For fiscal Q2 2026, which ended June 30, 2026, Rocket Companies reported adjusted diluted earnings per share (EPS) of $0.16, meeting analyst consensus estimates. However, adjusted revenue of $2.76 billion fell short of analysts' expectations of $2.81 billion. Furthermore, the company reported negative operating cash flow of approximately -$1.21 billion and negative free cash flow of roughly -$1.41 billion for the quarter, despite achieving accounting profits. Management also provided guidance for fiscal Q3 2026 adjusted revenue between $2.5 billion and $2.7 billion.

    3. Several analyst firms issued downgrades or lowered their price targets for Rocket Companies' stock during the period.

    Throughout the period, various analysts adjusted their outlook for RKT. For instance, BTIG Research reissued a "neutral" rating on June 16, 2026. On July 7, 2026, Barclays decreased its price objective from $19.00 to $17.00. Benchmark also reduced its price objective from $21.00 to $19.00 on August 7, 2026. Similarly, Keefe, Bruyette & Woods lowered its price objective from $20.00 to $19.00 on August 10, 2026, and Stephens decreased its price objective from $22.50 to $20.00 on August 7, 2026. These adjustments reflected growing concerns about the company's prospects amidst the challenging market conditions.

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    Stock Movement Drivers

    Fundamental Drivers

    The -15.3% change in RKT stock from 5/31/2026 to 9/19/2026 was primarily driven by a -56.9% change in the company's P/E Multiple.
    (LTM values as of)53120269192026Change
    Stock Price ($)14.5112.29-15.3%
    Change Contribution By: 
    Total Revenues ($ Mil)7,8438,95714.2%
    Net Income Margin (%)3.0%5.3%72.5%
    P/E Multiple171.674.0-56.9%
    Shares Outstanding (Mil)2,8282,836-0.3%
    Cumulative Contribution-15.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/19/2026
    ReturnCorrelation
    RKT-15.3% 
    Market (SPY)0.9%51.6%
    Sector (XLF)8.3%33.6%

    Fundamental Drivers

    The -32.4% change in RKT stock from 2/28/2026 to 9/19/2026 was primarily driven by a -44.4% change in the company's P/S Multiple.
    (LTM values as of)22820269192026Change
    Stock Price ($)18.1912.29-32.4%
    Change Contribution By: 
    Total Revenues ($ Mil)5,4728,95763.7%
    P/S Multiple7.03.9-44.4%
    Shares Outstanding (Mil)2,1062,836-25.7%
    Cumulative Contribution-32.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/19/2026
    ReturnCorrelation
    RKT-32.4% 
    Market (SPY)11.6%58.0%
    Sector (XLF)9.2%39.6%

    Fundamental Drivers

    The -30.8% change in RKT stock from 8/31/2025 to 9/19/2026 was primarily driven by a -94.0% change in the company's Shares Outstanding (Mil).
    (LTM values as of)83120259192026Change
    Stock Price ($)17.7712.29-30.8%
    Change Contribution By: 
    Total Revenues ($ Mil)4,6128,95794.2%
    P/S Multiple0.73.9489.2%
    Shares Outstanding (Mil)1712,836-94.0%
    Cumulative Contribution-30.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/19/2026
    ReturnCorrelation
    RKT-30.8% 
    Market (SPY)19.4%47.9%
    Sector (XLF)4.7%35.7%

    Fundamental Drivers

    The 21.6% change in RKT stock from 8/31/2023 to 9/19/2026 was primarily driven by a 970.8% change in the company's P/S Multiple.
    (LTM values as of)83120239192026Change
    Stock Price ($)10.1112.2921.6%
    Change Contribution By: 
    Total Revenues ($ Mil)3,5248,957154.2%
    P/S Multiple0.43.9970.8%
    Shares Outstanding (Mil)1272,836-95.5%
    Cumulative Contribution21.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/19/2026
    ReturnCorrelation
    RKT21.6% 
    Market (SPY)75.6%32.7%
    Sector (XLF)69.8%28.8%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    RKT Return-28%-46%107%-22%82%-35%-26%
    Peers Return-30%-48%100%9%15%-55%-59%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    RKT Win Rate50%42%50%42%67%44% 
    Peers Win Rate42%33%55%47%47%24% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    RKT Max Drawdown-65%-55%-39%-47%-29%-47% 
    Peers Max Drawdown-49%-60%-38%-36%-39%-64% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: UWMC, PFSI, LDI, SOFI, Z.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventRKTS&P 500
    2025 US Tariff Shock
      % Loss-10.4%-18.8%
      % Gain to Breakeven11.6%23.1%
      Time to Breakeven4 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-30.5%-9.5%
      % Gain to Breakeven43.8%10.5%
      Time to Breakeven44 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-13.6%-6.7%
      % Gain to Breakeven15.8%7.1%
      Time to Breakeven15 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-54.1%-24.5%
      % Gain to Breakeven117.9%32.4%
      Time to Breakeven421 days427 days

    Compare to UWMC, PFSI, LDI, SOFI, Z

    In The Past

    Rocket Companies's stock fell -10.4% during the 2025 US Tariff Shock. Such a loss loss requires a 11.6% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventRKTS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-30.5%-9.5%
      % Gain to Breakeven43.8%10.5%
      Time to Breakeven44 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-54.1%-24.5%
      % Gain to Breakeven117.9%32.4%
      Time to Breakeven421 days427 days

    Compare to UWMC, PFSI, LDI, SOFI, Z

    In The Past

    Rocket Companies's stock fell -10.4% during the 2025 US Tariff Shock. Such a loss loss requires a 11.6% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Rocket Companies (RKT)

    ```html

    Rocket Companies (RKT) is a leading tech-driven platform primarily engaged in the real estate, mortgage, and e-Commerce sectors across the United States and Canada. The company's mission is to simplify significant financial transactions for consumers and industry professionals through its extensive digital ecosystem. It operates through two key segments: Direct to Consumer, where it directly serves clients, and Partner Network, collaborating with other businesses and professionals.

    The core of Rocket Companies' offerings revolves around its flagship product, Rocket Mortgage, a prominent mortgage lender. This is complemented by a suite of real estate support services, including Amrock for title insurance, property valuation, and settlement, and Rocket Homes, a platform for home searching and real estate agent referrals. The company also extends into digital financing for solar installations via Rocket Solar and provides technology solutions for mortgage professionals through entities like Lendesk and Edison Financial.

    Beyond its robust mortgage and real estate services, Rocket Companies diversifies its portfolio with other e-commerce and financial solutions. These include Rocket Auto, an online marketplace for car sales, and Rocket Loans, offering online personal loans. Furthermore, it operates Core Digital Media, a digital advertiser, and provides Truebill (now Rocket Money), a personal finance app designed to help clients manage various aspects of their financial lives. This integrated approach positions Rocket Companies as a comprehensive digital provider for a broad spectrum of consumer financial needs.

    ```

    AI Analysis | Feedback

    1. Zillow for mortgages and full-service home buying.

    2. SoFi for real estate and major life transactions.

    AI Analysis | Feedback

    • Rocket Mortgage: Provides mortgage lending services.
    • Amrock: Offers title insurance, property valuation, and settlement services for real estate transactions.
    • Rocket Homes: A home search platform and real estate agent referral network.
    • Rocket Auto: An automotive retail marketplace facilitating online car purchasing.
    • Rocket Loans: An online platform for personal loans.
    • Core Digital Media: Specializes in digital social and display advertising for mortgage, insurance, and education sectors.
    • Rocket Solar: Connects homeowners with digital financing solutions for solar energy installations.
    • Truebill: A personal finance app designed to help clients manage their financial lives.
    • Lendesk: Provides technology systems for mortgage professionals and private lenders.
    • Edison Financial: Operates as a digital mortgage broker.

    AI Analysis | Feedback

    Rocket Companies (RKT) primarily sells its services directly to individuals.

    The up to three categories of customers it serves are:

    1. Homeowners, Homebuyers, and Home Sellers: Individuals seeking mortgages, refinancing, home search platforms, real estate agent services, title services, property valuations, and solar financing solutions.
    2. Individuals Seeking Personal Financing and Financial Management: Consumers looking for personal loans, and those using personal finance apps to manage their financial lives.
    3. Car Buyers: Individuals in the market to purchase vehicles through an online automotive retail marketplace.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Varun Krishna, Chief Executive Officer

    Varun Krishna was appointed Chief Executive Officer of Rocket Companies in September 2023. He also serves on the Rocket Companies Board of Directors. Before joining Rocket, Krishna served as Executive Vice President and General Manager of Intuit Inc.'s Consumer Group, a role he held since May 2022. Prior to that, he held various leadership positions within Intuit's TurboTax and Mint businesses, including Senior Vice President and General Manager from 2020-2022. Earlier in his career, Krishna was Senior Director of Product at PayPal, managing its global consumer product team, and also held executive roles at Groupon and BetterWorks, and product roles at Microsoft. He has a proven track record of driving product growth and enhancing client experiences through strategy and innovation.

    Brian Brown, Chief Financial Officer and Treasurer

    Brian Brown has served as Chief Financial Officer and Treasurer of Rocket Companies since November 2022. In these roles, he is responsible for the accounting, finance, treasury, tax, investor relations, and procurement functions, as well as overseeing internal audit work. Brown joined Rocket in June 2014. He previously served as Rocket's Chief Accounting Officer since the company's initial public offering in August 2020. From 2014 to 2020, he held various positions at Rocket Mortgage, including Senior Vice President of Accounting and Finance. Before his time at Rocket Mortgage, Brown spent eight years as a senior manager at Ernst & Young, working with financial services and mortgage banking clients.

    Bill Emerson, President

    Bill Emerson serves as President of Rocket Companies. He previously held the role of Interim Chief Executive Officer from June to September 2023. Emerson was also Vice Chairman of Rock Holdings, Inc. from February 2017 until May 2023, and was responsible for the leadership, growth, and development of company culture in both these roles. He served as Chief Executive Officer of Rocket Mortgage from 2002 to 2017, leading the company through a period of significant growth. Emerson has over 30 years of experience with the company.

    Heather Lovier, Chief Operating Officer

    Heather Lovier has been Chief Operating Officer of Rocket Companies since June 2024. In this position, she oversees the entire homeownership experience, encompassing strategy and operations for Rocket Mortgage's Banking and Client Experience teams. Lovier focuses on delivering a world-class client journey and utilizing artificial intelligence to enhance the process, while ensuring seamless integration with other Rocket sister companies.

    Shawn Malhotra, Chief Technology Officer

    Shawn Malhotra serves as the Chief Technology Officer of Rocket Companies, a position he has held since May 2024. In this role, he is responsible for the development and implementation of technology across the Rocket Companies ecosystem. Malhotra is particularly focused on accelerating the rate of innovation and execution within the organization and advancing Rocket's AI initiatives, aiming to achieve AI-fueled homeownership. He was hired as the company's first Chief Technology Officer.

    AI Analysis | Feedback

    Key Risks to Rocket Companies (RKT)

    1. Sensitivity to Interest Rate Fluctuations and Housing Market Conditions: A substantial portion of Rocket Companies' business, including Rocket Mortgage, Amrock, Rocket Homes, Lendesk, and Edison Financial, is directly tied to the mortgage and housing markets. Rising interest rates typically lead to a decrease in mortgage origination volumes and refinancing activity, while a downturn in the housing market, characterized by declining home values or reduced transaction volumes, would negatively impact their core operations and revenue generation.

    2. Intense Competition: Rocket Companies operates in highly competitive industries across its various segments, including mortgage lending, real estate services, automotive retail, and personal loans. The presence of numerous traditional financial institutions, established real estate platforms, online lenders, and emerging fintech companies can lead to pricing pressure, increased marketing expenses, and challenges in maintaining or growing market share.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Rocket Companies, Inc. (symbol: RKT) operates across several significant addressable markets in the United States and Canada, primarily in the tech-driven real estate, mortgage, and e-commerce sectors. The company estimates its total addressable market for its ecosystem of businesses, including mortgage originations in the U.S. and Canada, personal loans, home sales, used auto sales, and real estate advertising, to be approximately $5.5 trillion.

    United States Market Sizes:

    • Mortgage Lending (Rocket Mortgage): The total single-family mortgage origination volume in the U.S. is expected to increase to $2.2 trillion in 2026. The U.S. home mortgage market size was around $180.91 billion in 2023 and is predicted to grow to approximately $501.67 billion by 2032.
    • Title Insurance, Property Valuation, and Settlement Services (Amrock): The U.S. title insurance industry conducted over $16.5 billion in business in 2023. The U.S. Title Insurance industry revenue is expected to increase by 1.8% in 2025 alone, after declining at a CAGR of 6.6% over the past five years to $17.1 billion. North America's title insurance market value, estimated at $2 billion in 2023, is projected to reach $2.8 billion by 2032.
    • Residential Real Estate (Rocket Homes): The U.S. residential real estate market size is estimated at $3.81 trillion in 2026 and is expected to reach $4.21 trillion by 2031. The total value of U.S. housing climbed to a record $55.1 trillion in June 2025.
    • Automotive Retail (Rocket Auto): The U.S. automotive dealership market size is $3.08 trillion in 2026 and is forecast to reach $3.83 trillion by 2031. The U.S. automotive retail market is projected to reach $141.9 billion by 2026. The Americas Automotive Retail Market is projected to grow from $3.9 trillion in 2025 to $5.8 trillion by 2032.
    • Personal Loans (Rocket Loans): The U.S. Personal Loans Market size was $93.16 billion in 2025E and is expected to reach $192.79 billion by 2033. Total outstanding personal loan debt in the United States was $276 billion as of Q4 2025. Unsecured personal loans represented a $253 billion market as of Q1 2025.
    • Digital Advertising (Core Digital Media): The U.S. digital advertising market size is forecast to increase by $218.3 billion, at a CAGR of 15.2% between 2024 and 2029. Total internet advertising in the U.S. rose by 14.9% last year to $258.6 billion.
    • Solar Financing (Rocket Solar): The U.S. solar project financing market size is estimated to reach $1150 billion by 2030. The U.S. solar power market size was $53.45 billion in 2024 and will reach $123.86 billion by 2032. The U.S. Solar PV Industry Market is valued at approximately $30 billion.
    • Personal Finance Apps (Truebill/Rocket Money): The U.S. financial app market was estimated at $519.92 million in 2024 and is projected to grow to $1833.58 million by 2035. The global personal finance apps market size was over $31.7 billion in 2025 and is estimated to reach $173.6 billion by the end of 2035. The global personal finance apps market size has grown to $165.9 billion in 2025. The U.S. is projected to contribute around 45.7% of the North American personal finance apps market share.

    Canada Market Sizes:

    • Mortgage Lending (Rocket Mortgage, Lendesk, Edison Financial): Total outstanding residential mortgage debt in Canada reached $2.3 trillion CAD in August 2025. The newly extended mortgage volume in H1 2025 reached $291 billion.
    • Mortgage/Loan Brokers (Lendesk, Edison Financial): The Canada Mortgage/loan Brokers Market reached $778.56 million in 2025 and is forecast to advance to $989.65 million by 2030.

    AI Analysis | Feedback

    Expected Drivers of Future Revenue Growth for Rocket Companies (RKT)

    Over the next 2-3 years, Rocket Companies (RKT) is positioned for revenue growth driven by several strategic initiatives and market dynamics:

    1. Expansion of the Homeownership Ecosystem through Strategic Acquisitions: Rocket Companies is actively pursuing a "one-stop shop" strategy for homeownership, significantly bolstered by recent acquisitions such as Redfin and a merger with Mr. Cooper Group. This integration aims to combine real estate listings, brokerage services, mortgage origination, and loan servicing, creating a more comprehensive offering for clients. The combined servicing portfolio, which is projected to approach 10 million homeowners, is expected to become a substantial source of repeatable, lower-cost leads, especially as mortgage rates potentially decline and trigger refinancing activity. This strategy enhances the company's scale, stability, and efficiency in the housing market.
    2. Increased Mortgage Market Share (Organic Growth): Rocket Companies has set aggressive organic growth targets within its core mortgage business. The company aims to double its purchase mortgage market share from 4% to 8% and expand its refinance market share from 12% to 20% by 2027. This growth is expected to be achieved by leveraging its multichannel reach, established origination and servicing flywheel, and continuous investment in its advanced technology platform.
    3. Diversification into Adjacent Financial Services: Beyond its core mortgage business, Rocket Companies is diversifying its revenue streams by expanding into complementary financial services. This includes growing its real estate services through Rocket Homes, expanding its presence in the automotive retail marketplace via Rocket Auto, and enhancing personal finance solutions through Truebill (now Rocket Money) and Rocket Loans. This multi-faceted expansion aims to build a more integrated financial ecosystem, increasing customer lifetime value and fostering a more resilient business model.
    4. Technological Innovation and AI-driven Efficiencies: A key driver for Rocket Companies is its continuous investment in technology and artificial intelligence (AI). The company consistently focuses on research and development to enhance its digital capabilities, streamline the mortgage process, and improve the overall customer experience. AI and automation are being leveraged to enhance operational efficiency, with the company demonstrating the ability to double loan volume capacity with a reduced headcount compared to previous years. This technological edge is crucial for maintaining a competitive advantage and efficiently capturing market volume, particularly as market conditions evolve.
    5. Expansion in the Canadian Market: Rocket Companies has identified the Canadian mortgage market as a significant growth opportunity. Through its investments in Lendesk and Edison Financial (which has rebranded as Rocket Mortgage Canada), the company plans to expand its tech-driven mortgage services across Canada. Rocket Mortgage Canada aims to become a direct lender in the market, leveraging its proprietary technology and customer service expertise to capture a share of the approximately $761 billion CAD annual mortgage originations market.

    AI Analysis | Feedback

    Share Repurchases

    • Rocket Companies authorized a $1 billion share repurchase program in November 2020.
    • As of November 2, 2022, Rocket Companies had repurchased 32.1 million shares for a total of $408.8 million under the $1 billion program.
    • A renewed share repurchase program, also for up to $1 billion, was approved on November 1, 2022, and was set to remain in effect for a two-year period.

    Share Issuance

    • Rocket Companies' shares outstanding significantly increased in 2025, with 2.843 billion shares outstanding at the end of Q4 2025, marking a 1915.59% increase year-over-year.
    • In June 2025, the company completed an "Up-C Collapse" which simplified its capital structure by exchanging and retiring Class D common shares and Holdings Units for newly created Class L common stock.
    • As of February 23, 2026, 970,935,922 shares of Class A common stock and 1,848,879,455 shares of Class L common stock were outstanding.

    Outbound Investments

    • In 2025, Rocket Companies completed two major all-stock acquisitions: Redfin on July 1, 2025, and Mr. Cooper on October 1, 2025.
    • The acquisition of Redfin was valued at $1.75 billion.
    • The agreement to acquire Mr. Cooper Group was valued at $9.4 billion.

    Capital Expenditures

    • Rocket Companies invested $40.0 million in capital expenditures in Q4 2025.

    Peer Outperformance in Commercial & Residential Mortgage Finance

    RKT has trailed 62% of its 13 Commercial & Residential Mortgage Finance peers over 5Y. Commercial & Residential Mortgage Finance ranks 14th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
    Share of Commercial & Residential Mortgage Finance constituents that RKT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    60%
    of 15 industry peers · -40.1% return
    3Y
    62%
    of 13 industry peers · 44.3% return
    5Y
    38%
    of 13 industry peers · -15.7% return
    No Commercial & Residential Mortgage Finance peer with a comparable growth profile has beaten RKT by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Commercial & Residential Mortgage Finance is RKT's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 24.2%69.4%131.5% SPNT 168% · RGA 148% · RNR 137%
    Investment Banking & Brokerage 13 -1.7%101.3%116.9% IBKR 524% · SNEX 253% · HOOD 194%
    Diversified Banks 12 27.5%126.2%116.7% CM 161% · JPM 159% · RY 148%
    Life & Health Insurance 20 8.6%55.4%105.0% JXN 545% · UNM 364% · FG 207%
    Multi-Sector Holdings 4 6.8%48.5%85.7% JONE 361% · BRK-B 86% · VOYA 85%
    Regional Banks 265 23.9%90.9%67.3% ESQ 387% · GCBC 342% · VBNK 335%
    Property & Casualty Insurance 42 9.6%65.9%66.8% ASIC 2760900% · HRTG 460% · UVE 321%
    Multi-line Insurance 9 8.8%72.1%63.7% GNW 197% · L 110% · SLF 103%
    Financial Exchanges & Data 15 -0.1%13.1%32.9% VIRT 183% · CBOE 139% · CME 81%
    Diversified Financial Services 4 -7.3%16.8%32.0% FRHC 173% · EQH 118% · TMS -54%
    Consumer Finance 30 1.7%85.7%29.3% ENVA 458% · EZPW 338% · FCFS 169%
    Insurance Brokers 16 -15.1%-6.9%20.9% LIFE 252% · ARX 87% · AJG 73%
    Asset Management & Custody Banks 84 -11.7%15.2%12.8% WT 338% · SII 278% · VCTR 273%
    Commercial & Residential Mortgage Finance ← 14 -50.2%26.4%12.3% FNMA 473% · FMCC 441% · ACT 206%
    Specialized Finance 3 14.0%37.3%-3.4% EFC 27% · CACC -3% · HASI -15%
    Mortgage REITs 33 -13.0%4.7%-15.7% NREF 53% · RITM 42% · DX 34%
    Transaction & Payment Processing Services 15 -1.0%-8.4%-44.2% V 74% · MA 71% · CPAY 56%
    Diversified Capital Markets 20 -36.3%17.2%-56.0% OPY 197% · LPLA 135% · GOLD 94%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

    TitleDate
    0DASHBOARDS 
    1Rocket Companies Stock 5-Day Losing Spree: Stock Falls 14%07/24/2026
    27-Day Rally Sends Rocket Companies Stock Up 19%07/02/2026
    3Rocket Companies Stock On Fire: Up 16% With 5-Day Winning Streak06/30/2026
    4Can Rocket Companies Stock Hold Up When Markets Turn?10/17/2025
    5Rocket Companies (RKT) Operating Cash Flow Comparison08/08/2025
    6Rocket Companies (RKT) Revenue Comparison08/08/2025
    7Rocket Companies (RKT) Operating Income Comparison08/08/2025
    8Rocket Companies (RKT) Net Income Comparison08/08/2025
    9Rocket Companies (RKT) Tax Expense Comparison08/08/2025
    10Rocket Companies (RKT) Debt Comparison08/08/2025
    11ARTICLES 
    125 Red Days In A Row: Rocket Companies Stock Is Down 14%07/24/2026
    13Rocket Companies Stock Surges 19%, With A 7-Day Winning Spree07/02/2026
    14Rocket Companies Stock Rockets 16% With 5-Day Winning Streak06/30/2026
    15Rocket Companies: Path To 2x Growth09/08/2025

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    Peer Comparisons

    Peers to compare with:

    Financials

    RKTUWMCPFSILDISOFIZMedian
    NameRocket C.UWM PennyMac.loanDepotSoFi Tec.Zillow  
    Mkt Price12.291.2566.360.7016.9629.8114.62
    Mkt Cap34.90.43.40.221.86.85.1
    Rev LTM8,9571,2535,0369564,3062,8103,558
    Op Inc LTM--506--50278
    FCF LTM-1,436-4,922-1,853-282-8,800220-1,645
    FCF 3Y Avg-2,063-3,638-2,018-446-4,883187-2,040
    CFO LTM-634-4,861-1,786-251-8,502388-1,210
    CFO 3Y Avg-1,396-3,586-1,977-419-4,667389-1,686

    Growth & Margins

    RKTUWMCPFSILDISOFIZMedian
    NameRocket C.UWM PennyMac.loanDepotSoFi Tec.Zillow  
    Rev Chg LTM94.2%-6.9%33.9%17.5%41.0%17.7%25.8%
    Rev Chg 3Y Avg41.3%2.7%30.9%10.9%32.7%14.1%22.5%
    Rev Chg Q86.0%-117.2%4.4%22.4%42.5%17.9%20.1%
    QoQ Delta Rev Chg LTM14.2%-37.8%0.8%5.3%9.2%4.3%4.8%
    Op Inc Chg LTM--25.0%--137.6%81.3%
    Op Inc Chg 3Y Avg--10.7%--60.0%35.4%
    Op Mgn LTM--10.1%--1.8%5.9%
    Op Mgn 3Y Avg--11.6%---4.8%3.4%
    QoQ Delta Op Mgn LTM---1.0%--1.3%0.2%
    CFO/Rev LTM-7.1%-387.8%-35.5%-26.3%-197.5%13.8%-30.9%
    CFO/Rev 3Y Avg-28.5%-300.5%-55.1%-55.1%-135.1%16.1%-55.1%
    FCF/Rev LTM-16.0%-392.7%-36.8%-29.5%-204.4%7.8%-33.2%
    FCF/Rev 3Y Avg-40.3%-304.6%-56.1%-58.3%-141.7%7.6%-57.2%

    Valuation

    RKTUWMCPFSILDISOFIZMedian
    NameRocket C.UWM PennyMac.loanDepotSoFi Tec.Zillow  
    Mkt Cap34.90.43.40.221.86.85.1
    P/S3.90.30.70.25.12.41.6
    P/Op Inc--6.8--135.971.3
    P/EBIT--6.8--87.147.0
    P/E74.0-11.48.8-2.334.2123.521.5
    P/CFO-55.0-0.1-1.9-0.6-2.617.5-1.3
    Total Yield1.4%15.8%13.2%-43.2%2.9%0.8%2.1%
    Dividend Yield0.0%24.6%1.8%-0.4%0.0%0.0%0.0%
    FCF Yield 3Y Avg-73.3%-488.4%-42.0%-156.1%-31.2%1.8%-57.6%
    D/E0.814.56.928.00.20.13.8
    Net D/E0.713.46.726.5-0.2-0.03.7

    Returns

    RKTUWMCPFSILDISOFIZMedian
    NameRocket C.UWM PennyMac.loanDepotSoFi Tec.Zillow  
    1M Rtn-12.6%-12.0%-12.4%-19.8%-5.4%-16.5%-12.5%
    3M Rtn-14.8%-43.7%-19.1%-40.4%-5.3%-7.2%-17.0%
    6M Rtn-10.0%-63.3%-20.8%-52.9%0.4%-32.2%-26.5%
    12M Rtn-40.1%-78.6%-46.2%-81.2%-42.5%-65.6%-55.9%
    3Y Rtn44.3%-69.3%0.1%-62.5%103.8%-37.6%-18.8%
    1M Excs Rtn-15.2%-15.4%-12.9%-19.6%-7.2%-17.8%-15.3%
    3M Excs Rtn-16.8%-45.7%-21.1%-42.4%-7.3%-9.2%-19.0%
    6M Excs Rtn-31.9%-80.4%-39.9%-70.8%-16.5%-50.3%-45.1%
    12M Excs Rtn-57.8%-95.2%-62.6%-100.6%-53.4%-82.9%-72.8%
    3Y Excs Rtn-37.9%-140.4%-70.5%-134.7%21.5%-111.5%-91.0%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/7/20265/12/20263/2/202611/6/20258/8/20255/9/20253/3/202511/12/20248/6/20245/7/20242/27/202411/9/2023
    Key Financials Quarterly            
    Total Revenue2,4102,5922,4871,4681,2969921,7166081,2621,3456561,165
    Net Income23029768-124-2-1034-22116-116
    EPS0.080.110.02-0.06-0.01-0.070.23-0.160.010.12-0.080.05
    Key Financials TTM            
    Total Revenue TTM8,9577,8436,2435,4724,6124,5794,9323,8724,4284,3643,6463,433
    Net Income TTM471239-68-102-1329-161319-16-22
    Growth Rates Quarterly            
    Total Revenue Growth86.0%161.3%45.0%141.3%2.7%-26.3%161.8%-47.8%5.4%114.3%48.2%-7.3%
    Net Income Growth11600.0%3070.0%103.0%-462.7%-254.4%-161.7%401.2%-454.7%-82.6%187.5%36.9%-10.2%
    Margins Quarterly            
    Net Income Margin9.5%11.5%2.7%-8.4%-0.2%-1.0%2.0%-3.6%0.1%1.2%-1.7%0.5%
    Cash & Debt            
    Total Cash3,1032,6872,6965,8365,0911,4091,2731,2281,3098611,108957
    Total Debt27,41126,31215,5619,7619,9015,6004,8926,5975,9936,4045,2486,337
    Net Debt / (Cash)24,30823,62512,8653,9254,8104,1913,6195,3694,6845,5434,1395,379
    Cash Flows Quarterly            
    FCF from Operations-1,2121,857-1,230-49-1,852-7961,842-1,337-122-3,0131,395328
    Cash Flows TTM            
    FCF from Operations TTM-634-1,274-3,927-855-2,143-413-2,630-3,078-1,412-1,570111-65
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC1.9%2.6%0.8%-3.9%0.8%-18.5%64.7%-33.5%14.1%19.7%-20.8%8.1%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM1.0%0.6%-0.6%2.3%-0.1%2.9%15.9%-4.3%7.0%5.3%-8.7%-11.4%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Direct to Consumer4,7913,8922,9894,78010,581
    All Other1,236539371420567
    Partner Network6686704396391,766
    Total6,6955,1013,7995,83812,914


    Price Behavior

    Price Behavior
    Market Price$12.29 
    Market Cap ($ Bil)34.9 
    First Trading Date08/06/2020 
    Distance from 52W High-47.6% 
       50 Days200 Days
    DMA Price$13.78$15.93
    DMA Trenddowndown
    Distance from DMA-10.8%-22.9%
     3M1YR
    Volatility50.9%57.8%
    Downside Capture322.10282.92
    Upside Capture205.71175.98
    Correlation (SPY)43.3%47.9%
    RKT Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta3.662.142.332.512.181.21
    Up Beta3.150.042.102.622.530.89
    Down Beta3.191.512.002.061.650.40
    Up Capture378%233%265%253%275%751%
    Bmk +ve Days10213268138427
    Stock +ve Days10173061121364
    Down Capture458%376%240%232%171%112%
    Bmk -ve Days11213259113324
    Stock -ve Days11253466129380

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with RKT
    RKT-42.0%57.7%-0.73-
    Sector ETF (XLF)4.5%14.6%0.0837.2%
    Equity (SPY)16.9%12.9%0.9448.1%
    Gold (GLD)19.1%29.3%0.6027.6%
    Commodities (DBC)46.3%20.6%1.73-25.6%
    Real Estate (VNQ)4.9%13.6%0.1040.6%
    Bitcoin (BTCUSD)-30.6%44.3%-0.7015.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with RKT
    RKT-1.9%54.6%0.17-
    Sector ETF (XLF)10.1%18.4%0.4136.2%
    Equity (SPY)12.9%17.2%0.5743.5%
    Gold (GLD)19.1%18.8%0.8315.8%
    Commodities (DBC)11.2%19.5%0.45-3.8%
    Real Estate (VNQ)1.1%18.8%-0.0549.5%
    Bitcoin (BTCUSD)12.5%52.5%0.4221.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with RKT
    RKT-3.1%64.2%0.17-
    Sector ETF (XLF)12.9%22.1%0.5326.0%
    Equity (SPY)15.1%18.0%0.7235.4%
    Gold (GLD)12.1%16.4%0.6113.0%
    Commodities (DBC)8.3%18.1%0.37-1.6%
    Real Estate (VNQ)4.4%20.7%0.1838.5%
    Bitcoin (BTCUSD)62.6%66.2%1.0214.9%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity109.4 Mil
    Short Interest: % Change Since 81520266.6%
    Average Daily Volume21.3 Mil
    Days-to-Cover Short Interest5.1 days
    Basic Shares Quantity2,836.3 Mil
    Short % of Basic Shares3.9%

    Returns Analyses

    Earnings Returns History

    Updated 9/9/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    8/6/20263.8%13.8%6.4%
    5/7/202610.9%0.9%-12.7%
    2/26/20262.4%-11.9%-23.1%
    10/30/20254.5%-2.1%23.9%
    7/31/202512.0%18.8%20.3%
    5/8/2025-4.6%9.6%9.4%
    2/27/20259.1%15.7%7.3%
    11/12/2024-9.1%-11.8%-19.5%
    ...
    SUMMARY STATS   
    # Positive151614
    # Negative10911
    Median Positive6.5%13.1%16.9%
    Median Negative-4.2%-8.8%-12.7%
    Max Positive12.3%35.0%28.7%
    Max Negative-16.6%-26.8%-26.5%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    8/6/20263.8%13.8%6.4%
    5/7/202610.9%0.9%-12.7%
    2/26/20262.4%-11.9%-23.1%
    10/30/20254.5%-2.1%23.9%
    7/31/202512.0%18.8%20.3%
    5/8/2025-4.6%9.6%9.4%
    2/27/20259.1%15.7%7.3%
    11/12/2024-9.1%-11.8%-19.5%
    8/1/202412.3%16.9%27.9%
    5/2/20244.5%10.7%11.2%
    2/22/20245.3%14.4%28.7%
    11/2/20236.5%-3.0%21.5%
    8/3/202310.5%16.6%4.0%
    5/4/2023-2.9%-6.0%-4.5%
    2/28/20232.2%4.7%13.5%
    11/3/2022-3.1%12.4%26.7%
    8/4/2022-3.3%1.9%-25.9%
    5/10/2022-5.2%12.2%6.9%
    2/24/20225.8%20.9%-3.2%
    11/4/2021-3.7%-8.8%-11.0%
    8/12/202110.2%-0.1%-3.1%
    5/5/2021-16.6%-26.8%-13.3%
    2/25/20219.8%35.0%25.7%
    11/10/2020-2.5%2.8%-3.7%
    9/2/2020-15.4%-26.1%-26.5%
    SUMMARY STATS   
    # Positive151614
    # Negative10911
    Median Positive6.5%13.1%16.9%
    Median Negative-4.2%-8.8%-12.7%
    Max Positive12.3%35.0%28.7%
    Max Negative-16.6%-26.8%-26.5%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/12/202610-Q
    12/31/202503/02/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/09/202510-Q
    12/31/202403/03/202510-K
    09/30/202411/12/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/27/202410-K
    09/30/202311/09/202310-Q
    06/30/202308/09/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/09/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/12/202610-Q
    12/31/202503/02/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/09/202510-Q
    12/31/202403/03/202510-K
    09/30/202411/12/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/27/202410-K
    09/30/202311/09/202310-Q
    06/30/202308/09/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/01/202310-K
    09/30/202211/09/202210-Q
    06/30/202208/09/202210-Q
    03/31/202205/10/202210-Q
    12/31/202103/01/202210-K
    09/30/202111/09/202110-Q
    06/30/202108/13/202110-Q
    03/31/202105/14/202110-Q
    12/31/202003/24/202110-K
    09/30/202011/12/202010-Q
    06/30/202009/02/202010-Q
    03/31/202008/10/2020424B4

    Recent Forward Guidance

    Updated 8/7/2026

    Latest: Q2 2026 Earnings Reported 8/6/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q3 2026 Adjusted RevenueReported2.50 Bil2.60 Bil2.70 Bil-7.1% Lower NewGuidance: 2.80 Bil for Q2 2026


    Prior: Q1 2026 Earnings Reported 5/7/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q2 2026 Adjusted RevenueReported2.70 Bil2.80 Bil2.90 Bil3.7% Higher NewGuidance: 2.70 Bil for Q1 2026
    2026 Expense Synergy TargetReported 400.00 Mil    

    Q4 2025 Earnings Reported 2/26/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q1 2026 Adjusted RevenueReported2.60 Bil2.70 Bil2.80 Bil22.7% Higher NewGuidance: 2.20 Bil for Q4 2025

    Q3 2025 Earnings Reported 10/30/2025

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q4 2025 Adjusted RevenueReported2.10 Bil2.20 Bil2.30 Bil31.3% Higher NewGuidance: 1.68 Bil for Q3 2025

    Insider Activity

    Updated 9/16/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Bray, Jesse KPres & CEO, Rocket MortgageThe Jesse K. Bray Living TrustSell916202613.11225,0002,949,750104,264,184Form
    2Rizik, MatthewDirectSell113202622.992,50057,48623,880,408Form
    3Rizik, MatthewDirectSell113202622.782,50056,94423,712,197Form
    4Rizik, MatthewDirectSell107202620.982,50052,43821,993,147Form
    5Rizik, MatthewDirectSell107202621.042,50052,61022,118,002Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Bray, Jesse KPres & CEO, Rocket MortgageThe Jesse K. Bray Living TrustSell916202613.11225,0002,949,750104,264,184Form
    2Rizik, MatthewDirectSell113202622.992,50057,48623,880,408Form
    3Rizik, MatthewDirectSell113202622.782,50056,94423,712,197Form
    4Rizik, MatthewDirectSell107202620.982,50052,43821,993,147Form
    5Rizik, MatthewDirectSell107202621.042,50052,61022,118,002Form
    6Rizik, MatthewDirectSell105202619.702,50049,24520,752,447Form
    7Rizik, MatthewDirectSell105202619.452,50048,63120,542,540Form
    8Rizik, MatthewDirectSell1231202519.882,50049,70121,044,225Form
    9Rizik, MatthewDirectSell1231202519.252,50048,11720,421,654Form
    10Rizik, MatthewDirectSell1229202519.382,50048,45220,612,072Form
    11Rizik, MatthewDirectSell1229202519.442,50048,59120,719,902Form
    12Rizik, MatthewDirectSell1229202518.922,50047,30720,219,907Form
    13Rizik, MatthewDirectSell1223202518.992,50047,47820,340,045Form
    14Rizik, MatthewDirectSell1223202519.212,50048,01420,618,118Form
    15Rizik, MatthewDirectSell1219202518.832,50047,07620,262,296Form
    16Rizik, MatthewDirectSell1219202518.212,50045,53819,645,533Form
    17Rizik, MatthewDirectSell1217202518.082,50045,19819,544,158Form
    18Rizik, MatthewDirectSell1217202517.972,50044,93619,476,018Form
    19Rizik, MatthewDirectSell1212202518.992,50047,48420,627,516Form
    20Rizik, MatthewDirectSell1212202519.472,50048,67021,191,837Form
    21Rizik, MatthewDirectSell1212202519.172,50047,91620,911,232Form
    22Rizik, MatthewDirectSell1209202518.812,50047,01620,565,585Form
    23Rizik, MatthewDirectSell1209202518.782,50046,95020,583,337Form
    24Rizik, MatthewDirectSell1208202519.342,50048,34419,109,107Form
    25Rizik, MatthewDirectSell1208202519.862,50049,64419,672,706Form
    26Rizik, MatthewDirectSell1204202519.982,50049,94819,842,823Form
    27Rizik, MatthewDirectSell1204202520.212,50050,53620,127,155Form
    28Rizik, MatthewDirectSell1202202519.812,50049,53419,777,818Form
    29Rizik, MatthewDirectSell1202202519.892,50049,72219,902,304Form
    30Rizik, MatthewDirectSell1128202519.852,50049,61819,910,594Form
    31Rizik, MatthewDirectSell1128202519.292,50048,22519,399,644Form
    32Rizik, MatthewDirectSell1125202517.772,50044,43617,919,664Form
    33Rizik, MatthewDirectSell1125202517.032,50042,58517,216,193Form
    34Rizik, MatthewDirectSell1121202516.912,50042,28517,136,994Form
    35Rizik, MatthewDirectSell1121202517.042,50042,59417,304,818Form
    36Rizik, MatthewDirectSell1119202516.782,50041,96217,089,811Form
    37Rizik, MatthewDirectSell1119202516.702,50041,75817,048,485Form
    38Rizik, MatthewDirectSell1117202517.172,50042,93317,571,446Form
    39Rizik, MatthewDirectSell1117202517.472,50043,66317,913,674Form
    40Rizik, MatthewDirectSell1113202517.692,50044,22218,187,238Form
    41Rizik, MatthewDirectSell1113202517.462,50043,65217,996,464Form

    Investor Activity (13F)

    Updated Sep 20, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Veridan Wealth LLC$84.6 Mil31.9%79Hold13F
    OCO Capital Partners, L.P.$57.0 Mil15.0%8ADD +12.7%13F
    Cooperman Leon G$299.5 Mil9.8%41Hold13F
    Technology Crossover Management X, Ltd.$63.4 Mil8.1%6Hold13F
    Newbrook Capital Advisors LP$40.1 Mil7.5%15ADD +27.3%13F
    ValueAct Holdings, L.P.$402.1 Mil7.0%18TRIM -28.4%13F
    One Fin Capital Management LP$17.1 Mil6.6%19TRIM -9.8%13F
    Lodge Hill Capital, LLC$33.9 Mil6.6%22ADD +7.9%13F
    Broad Bay Capital Management, LP$61.5 Mil6.3%24Hold13F
    Hillman Co$15.5 Mil6.0%14Hold13F
    Wolf Hill Capital Management, LP$41.8 Mil5.9%20TRIM -59.4%13F
    Kettle Hill Capital Management, LLC$22.4 Mil5.6%45ADD +111.0%13F
    Park Presidio Capital LLC$75.9 Mil5.3%13ADD +63.8%13F
    Compass Rose Asset Management, LP$15.5 Mil5.1%15New13F
    Slate Path Capital LP$329.9 Mil4.9%44TRIM -9.9%13F
    Think Investments LP$28.9 Mil3.9%30ADD +45.1%13F
    Lone Peak Global Investors LLC$22.0 Mil3.7%42ADD +22.9%13F
    Nishkama Capital, LLC$25.5 Mil3.6%39ADD +183.9%13F
    Philosophy Capital Management LLC$28.5 Mil3.3%36ADD +85.4%13F
    Soma Equity Partners LP$45.0 Mil3.3%20New13F
    Durable Capital Partners LP$275.1 Mil2.8%37ADD +10.5%13F
    Bruni J V & Co /Co$25.9 Mil2.7%31Hold13F
    Thames Capital Management LLC$13.3 Mil2.4%43Hold13F
    Hudson Way Capital Management LLC$22.4 Mil2.1%16TRIM -21.1%13F
    No Street GP LP$31.4 Mil2.1%31TRIM -22.8%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Soma Equity Partners LP$45.0 Mil3.3%20New13F
    Compass Rose Asset Management, LP$15.5 Mil5.1%15New13F
    Kinetic Partners Management, LP$8.6 Mil0.5%49New13F
    Cander Asset Management LP$5.6 Mil1.0%43ADD +243.6%13F
    Nishkama Capital, LLC$25.5 Mil3.6%39ADD +183.9%13F
    Kettle Hill Capital Management, LLC$22.4 Mil5.6%45ADD +111.0%13F
    Philosophy Capital Management LLC$28.5 Mil3.3%36ADD +85.4%13F
    Maple Rock Capital Partners Inc.$44.6 Mil1.5%44ADD +72.2%13F
    Park Presidio Capital LLC$75.9 Mil5.3%13ADD +63.8%13F
    Caledonia (Private) Investments Pty Ltd$14.7 Mil0.4%16ADD +56.9%13F
    Think Investments LP$28.9 Mil3.9%30ADD +45.1%13F
    Newbrook Capital Advisors LP$40.1 Mil7.5%15ADD +27.3%13F
    Lone Peak Global Investors LLC$22.0 Mil3.7%42ADD +22.9%13F
    OCO Capital Partners, L.P.$57.0 Mil15.0%8ADD +12.7%13F
    Durable Capital Partners LP$275.1 Mil2.8%37ADD +10.5%13F
    Lodge Hill Capital, LLC$33.9 Mil6.6%22ADD +7.9%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
    Third Point LLC$184.2 Mil2.5%44ExitedDec 31, 202513F
    ThornTree Capital Partners LP$43.2 Mil7.2%15ExitedDec 31, 202513F
    Avala Global LP$21.8 Mil1.0%22ExitedDec 31, 202513F
    Alta Park Capital, LP$18.8 Mil2.3%34ExitedDec 31, 202513F
    Wolf Hill Capital Management, LP$41.8 Mil5.9%20TRIM -59.4%Mar 31, 202613F
    PointState Capital LP$40.2 Mil0.9%44TRIM -54.7%Mar 31, 202613F
    Cartenna Capital, LP$32.1 Mil1.4%41TRIM -33.8%Mar 31, 202613F
    ValueAct Holdings, L.P.$402.1 Mil7.0%18TRIM -28.4%Mar 31, 202613F
    No Street GP LP$31.4 Mil2.1%31TRIM -22.8%Mar 31, 202613F
    Hudson Way Capital Management LLC$22.4 Mil2.1%16TRIM -21.1%Mar 31, 202613F
    Slate Path Capital LP$329.9 Mil4.9%44TRIM -9.9%Mar 31, 202613F
    One Fin Capital Management LP$17.1 Mil6.6%19TRIM -9.8%Mar 31, 202613F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    ValueAct Holdings, L.P.$402.1 Mil7.0%18TRIM -28.4%13F
    Slate Path Capital LP$329.9 Mil4.9%44TRIM -9.9%13F
    Cooperman Leon G$299.5 Mil9.8%41Hold13F
    Durable Capital Partners LP$275.1 Mil2.8%37ADD +10.5%13F
    Veridan Wealth LLC$84.6 Mil31.9%79Hold13F
    Park Presidio Capital LLC$75.9 Mil5.3%13ADD +63.8%13F
    Technology Crossover Management X, Ltd.$63.4 Mil8.1%6Hold13F
    Broad Bay Capital Management, LP$61.5 Mil6.3%24Hold13F
    OCO Capital Partners, L.P.$57.0 Mil15.0%8ADD +12.7%13F
    Soma Equity Partners LP$45.0 Mil3.3%20New13F
    Maple Rock Capital Partners Inc.$44.6 Mil1.5%44ADD +72.2%13F
    Wolf Hill Capital Management, LP$41.8 Mil5.9%20TRIM -59.4%13F
    PointState Capital LP$40.2 Mil0.9%44TRIM -54.7%13F
    Newbrook Capital Advisors LP$40.1 Mil7.5%15ADD +27.3%13F
    Lodge Hill Capital, LLC$33.9 Mil6.6%22ADD +7.9%13F
    Cartenna Capital, LP$32.1 Mil1.4%41TRIM -33.8%13F
    No Street GP LP$31.4 Mil2.1%31TRIM -22.8%13F
    Think Investments LP$28.9 Mil3.9%30ADD +45.1%13F
    Philosophy Capital Management LLC$28.5 Mil3.3%36ADD +85.4%13F
    Bruni J V & Co /Co$25.9 Mil2.7%31Hold13F
    Nishkama Capital, LLC$25.5 Mil3.6%39ADD +183.9%13F
    Kettle Hill Capital Management, LLC$22.4 Mil5.6%45ADD +111.0%13F
    Hudson Way Capital Management LLC$22.4 Mil2.1%16TRIM -21.1%13F
    Lone Peak Global Investors LLC$22.0 Mil3.7%42ADD +22.9%13F
    One Fin Capital Management LP$17.1 Mil6.6%19TRIM -9.8%13F

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