Rocket Companies, Inc. (RKT) Balance Sheet
RKT balance sheet, 2025
December 31, 2025 · U.S. dollars$60.69B assets = $37.79B liabilities + $22.90B equity
Both columns are drawn to the same scale: what RKT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RKT financial health
Descriptive bands, not a rating. Fiscal 2025.
RKT balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.55B2018 | $60.69B2025 | +26.7%/yr | |
| Total liabilities | $8.77B2018 | $37.79B2025 | +23.2%/yr | |
| Shareholders’ equity | $2.78B2018 | $22.90B2025 | +35.1%/yr | |
| Cash & short-term investments | $1.05B2018 | $2.70B2025 | +14.4%/yr | |
| Total debt | $4.04B2018 | $33.48B2025 | +35.3%/yr | |
| Net cash (debt) | −$2.98B2018 | −$30.79B2025 | −$27.8B | |
| Working capital | $7.87B2018 | $4.45B2025 | −$3.4B | |
| Debt / equity | 1.452018 | 1.462025 | +0.01 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RKT assets
RKT liabilities and equity
RKT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RKT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $2.70B | $1.27B | $1.11B | $722.3M | $2.13B | $1.97B | $1.35B | $1.05B |
| Cash & equivalents | $2.70B | $1.27B | $1.11B | $722.3M | $2.13B | $1.97B | $1.35B | $1.05B |
| Short-term investments | — | $2.79B | $322.5M | $90.6M | $538.9M | $1.90B | $508.1M | $245.7M |
| Receivables | $2.04B | $633.0M | $579.2M | $10.8M | $518.0M | $22.2M | $282.8M | $229.0M |
| Inventory | $0 | $0 | $0 | $1.24B | $492,000 | $1.1M | $1.6M | $271.5M |
| Other current assets | $0 | $151.9M | $91.7M | $0 | $168.4M | $0 | $0 | $6.57B |
| Total current assets | $4.74B | $2.06B | $1.78B | $722.3M | $2.82B | $1.99B | $1.63B | $8.12B |
| Property, plant & equipment (net) | $260.0M | $495.6M | $598.6M | $640.4M | $682.3M | $449.7M | $455.4M | $202.6M |
| Goodwill & intangible assets | $12.84B | $8.86B | $7.68B | $8.21B | $6.68B | $2.91B | $2.92B | $3.23B |
| Long-term investments | $268.0M | $40.8M | $39.5M | $7.46B | $19.88B | $205.0M | $205.1M | $0 |
| Other non-current assets | $42.59B | $13.05B | $9.14B | $3.06B | $2.71B | $31.98B | $14.87B | $0 |
| Total assets | $60.69B | $24.51B | $19.23B | $20.08B | $32.77B | $37.53B | $20.08B | $11.55B |
| Liabilities | ||||||||
| Accounts payable | $285.0M | $181.7M | $171.3M | $116.3M | $271.5M | $252.0M | $157.3M | $92.7M |
| Short-term debt | $19.28B | $8.89B | $4.63B | $456.2M | $11.48B | $375.0M | $165.0M | $165.0M |
| Deferred revenue | — | — | −$9.5M | −$1.41B | — | — | — | −$164.5M |
| Total current liabilities | $285.0M | $9.08B | $4.81B | $572.6M | $11.75B | $627.0M | $322.3M | $257.7M |
| Long-term debt | $14.20B | $4.07B | $4.06B | $8.27B | $18.69B | $3.42B | $2.42B | $2.41B |
| Lease obligations | — | $319.3M | $393.9M | $422.8M | $482.2M | $272.3M | $314.4M | — |
| Other long-term liabilities | $23.30B | $2.32B | $2.06B | $2.76B | $0 | $18.16B | $3.06B | $5.53B |
| Total liabilities | $37.79B | $15.47B | $10.93B | $11.61B | $23.02B | $29.65B | $16.57B | $8.77B |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $28,190 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $3.50B | $2.78B |
| Retained earnings (deficit) | $124.0M | $312.8M | $284.3M | $300.4M | $378.0M | $207.4M | $0 | — |
| Accumulated other comprehensive income | — | −$48,000 | $52,000 | $69,000 | $81,000 | $317,000 | −$151,000 | −$868,000 |
| Minority interest | $0 | $8.34B | $7.68B | $7.90B | $9.09B | $7.39B | — | — |
| Total shareholders' equity | $22.90B | $9.04B | $8.30B | $8.48B | $9.76B | $7.88B | $3.50B | $2.78B |
| Key figures | ||||||||
| Total debt | $33.48B | $13.98B | $9.56B | $8.73B | $21.18B | $21.95B | $5.65B | $4.04B |
| Net cash (debt) | −$30.79B | −$12.70B | −$8.45B | −$8.01B | −$19.05B | −$19.98B | −$4.30B | −$2.98B |
| Working capital | $4.45B | −$7.02B | −$3.03B | $149.7M | −$8.93B | $1.37B | $1.31B | $7.87B |
| Tangible book value | $10.06B | $182.5M | $625.2M | $269.7M | $3.08B | $4.97B | $587.7M | −$446.6M |
| Book value per share | $9.25 | — | — | — | — | — | — | — |
| Shares outstanding | 2.47B | — | — | — | — | — | — | — |
| Current ratio | 16.62 | 0.23 | 0.37 | 1.26 | 0.24 | 3.18 | 5.07 | 31.53 |
| Quick ratio | 16.62 | 0.21 | 0.35 | 1.28 | 0.23 | 3.18 | 5.07 | 4.98 |
| Debt / equity | 1.46 | 1.55 | 1.15 | 1.03 | 2.17 | 2.79 | 1.61 | 1.45 |
| Equity / assets | 37.7% | 36.9% | 43.2% | 42.2% | 29.8% | 21.0% | 17.4% | 24.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.10B | $2.69B | $2.70B | $5.84B | $5.09B | $1.41B | $1.27B | $1.23B | $1.31B | $861.4M | $1.11B | $2.34B |
| Cash & equivalents | $3.10B | $2.69B | $2.70B | $5.84B | $5.09B | $1.41B | $1.27B | $1.23B | $1.31B | $861.4M | $1.11B | $957.3M |
| Short-term investments | — | — | — | — | — | $2.76B | $2.79B | $2.28B | $170.4M | $1.60B | $132.9M | $1.38B |
| Receivables | $1.54B | $1.62B | $2.04B | $17.4M | $15.3M | $14.8M | $633.0M | $15.2M | $14.3M | $18.6M | $579.2M | $10.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.00B |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $151.9M | $0 | $0 | $0 | $91.7M | $0 |
| Total current assets | $3.10B | $4.31B | $4.74B | $5.85B | $5.11B | $1.42B | $2.06B | $1.24B | $1.32B | $880.0M | $1.78B | $2.35B |
| Property, plant & equipment (net) | $277.0M | $273.0M | $260.0M | $461.3M | $452.9M | $476.9M | $495.6M | $526.0M | $547.9M | $556.9M | $598.6M | $611.8M |
| Goodwill & intangible assets | $12.61B | $12.72B | $12.84B | $10.65B | $8.79B | $8.57B | $8.86B | $8.04B | $8.40B | $7.94B | $7.68B | $7.92B |
| Long-term investments | $0 | $0 | $268.0M | $0 | $0 | $0 | $40.8M | $0 | $0 | $0 | $39.5M | $0 |
| Other non-current assets | $44.99B | $42.14B | $42.59B | $16.61B | $16.01B | $14.78B | $13.05B | $15.30B | $13.37B | $12.85B | $9.14B | $9.77B |
| Total assets | $60.98B | $59.44B | $60.69B | $33.58B | $30.36B | $25.25B | $24.51B | $25.12B | $23.65B | $22.22B | $19.23B | $20.65B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | $285.0M | $297.5M | $278.2M | $291.5M | $181.7M | $175.9M | $205.9M | $189.0M | $171.3M | $199.9M |
| Short-term debt | $5.77B | $5.37B | $19.28B | $12.86B | $10.77B | $9.44B | $8.89B | $8.86B | $7.71B | $6.25B | $4.63B | $4.53B |
| Deferred revenue | — | — | — | — | — | — | — | — | −$1.84B | — | $1.47B | −$238.8M |
| Total current liabilities | $5.77B | $5.37B | $285.0M | $13.16B | $11.05B | $9.73B | $9.08B | $9.04B | $7.92B | $6.44B | $4.81B | $4.73B |
| Long-term debt | $27.41B | $26.31B | $14.20B | $8.54B | $8.00B | $4.04B | $4.07B | $4.07B | $5.32B | $5.73B | $4.53B | $4.06B |
| Lease obligations | — | — | — | $294.7M | $293.7M | $310.4M | $319.3M | $335.9M | $356.1M | $357.5M | $393.9M | $408.0M |
| Other long-term liabilities | $4.25B | $4.53B | $23.30B | $3.02B | $3.86B | $2.89B | $2.32B | $3.66B | $1.59B | $1.44B | $1.59B | $3.35B |
| Total liabilities | $37.43B | $36.21B | $37.79B | $24.72B | $22.91B | $16.67B | $15.47B | $16.77B | $14.83B | $13.61B | $10.93B | $12.14B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $28,190 | $21,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Retained earnings (deficit) | $651.0M | $421.0M | $124.0M | $55.2M | $178.5M | $180.2M | $312.8M | $279.0M | $301.0M | $300.5M | $284.3M | $294.8M |
| Accumulated other comprehensive income | — | — | — | −$1.7M | −$1.2M | −$54,000 | −$48,000 | $60,000 | $85,000 | $72,000 | $52,000 | $68,000 |
| Minority interest | $1.0M | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $23.55B | $23.23B | $22.90B | $8.85B | $7.45B | $584.0M | $702.5M | $652.4M | $658.7M | $651.4M | $624.9M | $611.9M |
| Key figures | ||||||||||||
| Total debt | $33.18B | $31.68B | $33.48B | $22.26B | $20.34B | $14.80B | $13.98B | $15.29B | $13.53B | $12.34B | $9.56B | $10.78B |
| Net cash (debt) | −$30.08B | −$28.99B | −$30.79B | −$16.42B | −$15.25B | −$13.39B | −$12.70B | −$14.06B | −$12.22B | −$11.48B | −$8.45B | −$8.44B |
| Working capital | −$2.67B | −$1.05B | $4.45B | −$7.31B | −$5.95B | −$8.31B | −$7.02B | −$7.79B | −$6.60B | −$5.56B | −$3.03B | −$2.38B |
| Tangible book value | $10.94B | $10.51B | $10.06B | −$1.80B | −$1.34B | −$7.99B | −$8.16B | −$7.39B | −$7.74B | −$7.29B | −$7.05B | −$7.31B |
| Book value per share | $8.28 | $8.16 | $8.05 | $4.20 | $3.63 | $0.28 | $0.34 | $0.33 | $0.33 | $0.33 | $0.31 | $0.31 |
| Shares outstanding | 2.84B | 2.85B | 2.84B | 2.11B | 2.05B | 2.05B | 2.05B | 2.00B | 2.00B | 1.99B | 1.99B | 1.98B |
| Current ratio | 0.54 | 0.80 | 16.62 | 0.44 | 0.46 | 0.15 | 0.23 | 0.14 | 0.17 | 0.14 | 0.37 | 0.50 |
| Quick ratio | 0.81 | 0.80 | 16.62 | 0.44 | 0.46 | 0.15 | 0.21 | 0.14 | 0.17 | 0.14 | 0.35 | 0.50 |
| Debt / equity | 1.41 | 1.36 | 1.46 | 2.51 | 2.73 | 25.35 | 19.89 | 23.44 | 20.54 | 18.95 | 15.30 | 17.62 |
| Equity / assets | 38.6% | 39.1% | 37.7% | 26.4% | 24.5% | 2.3% | 2.9% | 2.6% | 2.8% | 2.9% | 3.2% | 3.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
RKT financial position
At the end of fiscal 2025 (December 31, 2025), Rocket had total assets of $60.7 billion (up 147.6% from a year earlier), total liabilities of $37.8 billion and shareholders' equity of $22.9 billion. It held $2.7 billion in cash and short-term investments against $33.5 billion of debt, net debt of $30.8 billion. Its current ratio was 16.62. In the latest quarter (ended June 30, 2026) total assets were $61.0 billion and equity $23.5 billion.
Related: RKT income statement, RKT cash flow statement, RKT key metrics. See the RKT stock overview for the latest quote and news.
RKT balance sheet FAQ
What are Rocket's total assets?
Rocket reported total assets of $60.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $24.5 billion a year earlier.
How much debt does Rocket have?
Rocket had $33.5 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.46.
How much cash does Rocket have?
Rocket held $2.7 billion in cash and short-term investments at the end of fiscal 2025; with $33.5 billion of debt that is net debt of $30.8 billion.
What is Rocket's book value?
Rocket's shareholders' equity (book value) was $22.9 billion at the end of fiscal 2025, or $9.25 per share.
What is Rocket's current ratio?
Rocket had current assets of $4.7 billion and current liabilities of $285.0 million, a current ratio of 16.62 (it can cover its short-term obligations).
How much goodwill does Rocket have?
Rocket carried $12.8 billion of goodwill and intangible assets, 21.2% of total assets, at the end of fiscal 2025.