Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Rocket Companies, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
4,210
5,069
15,650
12,914
5,838
3,799
5,101
6,695
Gross profit
1,672
2,097
11,063
8,256
2,599
1,307
2,313
Selling and marketing
878
905
950
1,250
946
737
824
1,088
General and administrative
593
685
1,053
1,183
906
803
893
1,439
Pre-tax income
618
904
9,532
6,185
742
-403
668
-214
Income tax
3.24
7.31
132
113
42
-13
32
20
Net income to minority interests
615
897
9,201
5,764
654
-374
607
-166
Net income
0
0
198
308
46.4
-16
29
-68
EPS, basic
1.77
2.36
0.39
-0.12
0.21
-0.05
EPS, diluted
1.76
2.32
0.28
-0.15
0.21
-0.05
Shares, basic (weighted)
112
131
121
129
141
1,322
Shares, diluted (weighted)
116
1,989
1,972
1,981
141
1,322
Balance sheet
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1,089
1,395
1,971
2,131
722
1,108
1,273
2,696
Property, plant and equipment
176
211
254
274
251
214
260
Lease right-of-use assets
279
239
428
366
348
282
292
Goodwill
18
1,149
1,100
1,100
1,136
10,611
Intangible assets
148
123
100
91
2,224
Total assets
20,123
37,535
32,775
20,082
19,232
24,510
60,685
Total liabilities
16,607
29,652
23,015
11,607
10,930
15,467
37,787
Total debt
10,423
Paid-in capital
0
283
288
276
341
389
22,774
Retained earnings
0
207
378
300
284
313
124
Other comprehensive income
-0.15
0.32
0.08
0.07
0.05
-0.05
Minority interests
5.01
7,392
9,094
7,899
7,677
8,341
0
Total equity
2,789
3,516
7,882
9,760
8,475
8,302
9,043
22,898
Total liabilities and equity
20,123
37,535
32,775
20,082
19,232
24,510
60,685
Cash flow statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
615
897
9,399
6,072
700
-390
636
-234
Depreciation and amortization
76.9
75
74.3
74.7
94
88
89
104
Stock-based compensation
33.6
39.7
136
164
216
180
145
343
Deferred income tax
2.43
0.68
66.5
48.3
36.2
-18
29
12
Change in payables
-49.1
64.7
94.6
11.2
-155
55
10
-33
Cash from operations
1,431
-6,979
-1,677
7,744
10,823
111
-2,630
-3,927
Capital expenditures
-64.5
-48.8
-106
-118
-93.1
-60
-68
-91
Acquisitions
0
0
-1,234
0
0
0
-2,323
Purchases of investments
0
0
-5.47
0
Sales and maturities of investments
0
0
6.48
0
Cash from investing
-94.5
71.9
517
-665
579
861
-496
-2,532
Debt issued
0
0
2,000
2,000
0
0
0
4,000
Debt repaid
0
0
-1,286
-1,023
0
0
0
-74
Stock issued
0
0
0
42
37.8
25
41
55
Share buybacks
0
0
0
-232
-178
0
0
Cash from financing
-1,673
7,225
1,758
-6,921
-12,824
-624
3,279
8,103
Exchange rate effect
-1.06
0.88
0.89
-0.12
-0.95
0
-1
1
Net change in cash
-337
319
598
157
-1,422
348
152
1,645
Free cash flow
1,367
-7,028
-1,784
7,626
10,730
51
-2,698
-4,018
Interest paid
208
256
367
423
321
379
479
596
Income taxes paid
0.52
11
55.7
76.6
12.5
-1
6
2
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.24 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
15.8%
Pre-tax income / revenue.
Net margin
11.4%
Net income / revenue.
FCF margin
10.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
11.5%
Cash from operations / revenue.
Effective tax rate
27.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
2.2%
Net income / average total assets.
Stock-based pay / revenue
3.8%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.4%
Capital expenditures / revenue.
D&A / revenue
5.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
31.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
4.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-15.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-334.5%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-123.8%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
147.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
44.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
10.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
837.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-12.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
62.6%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / assets
17.8%
Total debt / total assets.
Liabilities / assets
59.6%
Total liabilities / total assets.
Net debt
$8.02B
Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets
20.9%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.19x
Revenue / average total assets.
Fixed asset turnover
39.8x
Revenue / average property, plant and equipment.
FCF conversion
89.0%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
12.1%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.46
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/E
30.9x
Market cap / net income. Only when net income is positive.
P/S
3.52x
Market cap / revenue.
P/FCF
34.7x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
30.5x
Market cap / cash from operations, when positive.
EV/Sales
4.22x
Enterprise value / revenue.
EV/FCF
41.7x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.9%
Free cash flow / market cap.
Earnings yield
3.2%
Net income / market cap (the inverse of P/E).
What was Rocket Companies, Inc.'s revenue in fiscal 2025?
Rocket Companies, Inc. reported revenue of $6.70B for fiscal 2025, 31.2% higher than the year before.
Was Rocket Companies, Inc. profitable in fiscal 2025?
No. It reported a net loss of $68.0M.
How much free cash flow did Rocket Companies, Inc. generate in fiscal 2025?
Cash from operations of $3.93B minus capital expenditures of $91.0M left free cash flow of -$4.02B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.