Rocket Companies, Inc. (RKT) Income Statement
RKT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRKT revenue and net income
Where RKT's revenue goes
2025Each bar shows an amount and its share of revenue. RKT kept −1.0% of revenue as net income.
RKT profit margins
RKT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.4% | +4.6% | −15.4% | +6.1% |
| Gross profit | +27.7% | +3.5% | −16.4% | — |
| Operating income | −10.2% | −6.8% | −42.5% | −8.9% |
| Net income | −331.5% | — | — | — |
| EPS (diluted) | −4.5% | — | −41.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RKT quarterly EPS vs estimates
Rocket beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.11).
RKT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.88B | $5.40B | $4.01B | $6.00B | $13.18B | $15.90B | $5.20B | $4.31B | $4.25B | $4.89B |
| Cost of revenue | $580.0M | $469.2M | $360.0M | $320.0M | $491.9M | $431.8M | $271.8M | $229.3M | $180.9M | — |
| Gross profit | $6.30B | $4.93B | $3.65B | $5.68B | $12.68B | $15.46B | $4.93B | $4.08B | $4.07B | — |
| Sales, general & admin | $2.53B | $3.98B | $3.80B | $4.65B | $5.79B | $5.24B | $3.67B | $3.17B | $3.02B | $2.69B |
| Total operating expenses | $5.70B | $4.26B | $4.05B | $4.94B | $6.50B | $5.93B | $4.03B | $3.46B | $3.30B | — |
| Operating income | $600.0M | $668.1M | −$402.9M | $741.9M | $6.18B | $9.53B | $904.4M | $618.1M | $771.9M | $2.13B |
| Interest income | $501.0M | $413.2M | $326.5M | $350.6M | $430.1M | $431.8M | $271.8M | $229.3M | $180.9M | $74.7M |
| Interest expense | $814.0M | $469.2M | $360.0M | $320.0M | $491.9M | $431.8M | $271.8M | $229.3M | $180.9M | $0 |
| Income before taxes | −$214.0M | $668.1M | −$402.9M | $741.9M | $6.18B | $9.53B | $904.4M | $618.1M | $771.9M | $1.82B |
| Income taxes | $20.0M | $32.2M | −$12.8M | $42.0M | $112.7M | $132.4M | $7.3M | $3.2M | $1.2M | — |
| Net income | −$68.0M | $29.4M | −$15.5M | $46.4M | $308.2M | $198.0M | $893.8M | $607.1M | $770.7M | $1.81B |
| EBITDA | $890.0M | $781.0M | −$292.6M | $835.9M | $6.26B | $9.61B | $979.4M | $695.0M | $840.8M | — |
| EPS (diluted) | $0.21 | $0.22 | −$0.11 | −$0.06 | $2.24 | $3.13 | $7.11 | — | — | — |
| Gross margin | 91.6% | 91.3% | 91.0% | 94.7% | 96.3% | 97.3% | 94.8% | 94.7% | 95.7% | — |
| Operating margin | 8.7% | 12.4% | −10.1% | 12.4% | 46.9% | 60.0% | 17.4% | 14.3% | 18.2% | 43.6% |
| Net margin | −1.0% | 0.5% | −0.4% | 0.8% | 2.3% | 1.2% | 17.2% | 14.1% | 18.1% | 37.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.64B | $2.74B | $2.50B | $1.79B | $1.45B | $1.10B | $1.84B | $748.8M | $1.38B | $1.44B | $771.3M | $1.27B |
| Cost of revenue | $290.0M | $292.0M | $314.0M | $78.3M | $148.6M | $102.3M | $119.3M | $140.4M | $119.7M | $89.8M | $115.9M | $105.4M |
| Gross profit | $2.35B | $2.45B | $2.18B | $1.71B | $1.30B | $999.0M | $1.72B | $608.3M | $1.26B | $1.35B | $655.4M | $1.16B |
| Research & development | — | — | $77.8M | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $859.0M | $880.0M | $923.9M | $628.8M | $1.15B | $1.15B | $967.9M | $1.03B | $997.3M | $984.1M | $835.3M | $982.4M |
| Total operating expenses | $1.70B | $1.70B | $1.68B | $1.67B | $1.28B | $1.22B | $1.04B | $1.11B | $1.07B | $1.05B | $898.3M | $1.05B |
| Operating income | $655.0M | $749.0M | $504.0M | $43.8M | $24.3M | −$223.1M | $675.0M | −$497.3M | $192.0M | $298.4M | −$242.9M | $117.6M |
| Interest income | $583.0M | $507.0M | $158.9M | $126.5M | $148.6M | $92.1M | $103.2M | $108.6M | $112.4M | $89.0M | $86.1M | $93.9M |
| Interest expense | $374.0M | $349.0M | $335.0M | $228.0M | $148.6M | $102.3M | $119.3M | $140.4M | $119.7M | $89.8M | $115.9M | $105.4M |
| Income before taxes | $281.0M | $400.0M | $169.0M | −$184.2M | $24.3M | −$223.1M | $675.0M | −$497.3M | $192.0M | $298.4M | −$242.9M | $117.6M |
| Income taxes | $52.0M | $103.0M | $100.8M | −$60.3M | −$9.8M | −$10.7M | $26.3M | −$15.9M | $14.1M | $7.7M | −$10.2M | $2.7M |
| Net income | $230.0M | $297.0M | $68.0M | −$123.9M | −$1.8M | −$10.4M | $33.9M | −$22.0M | $1.3M | $16.2M | −$10.6M | $6.2M |
| EBITDA | $800.0M | $895.0M | $661.0M | $122.1M | $51.3M | −$196.2M | $704.2M | −$468.7M | $220.1M | $325.4M | −$216.3M | $145.3M |
| EPS (diluted) | $0.13 | $0.15 | $0.06 | $0.07 | $0.04 | $0.04 | $0.04 | $0.08 | $0.06 | $0.04 | −$0.08 | $0.04 |
| Gross margin | 89.0% | 89.3% | 87.4% | 95.6% | 89.8% | 90.7% | 93.5% | 81.2% | 91.3% | 93.7% | 85.0% | 91.7% |
| Operating margin | 24.8% | 27.4% | 20.2% | 2.4% | 1.7% | −20.3% | 36.8% | −66.4% | 13.9% | 20.8% | −31.5% | 9.3% |
| Net margin | 8.7% | 10.8% | 2.7% | −6.9% | −0.1% | −0.9% | 1.8% | −2.9% | 0.1% | 1.1% | −1.4% | 0.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RKT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RKT financial results
In fiscal year 2025 (ended December 31, 2025), Rocket reported revenue of $6.9 billion, up 27.4% from the year before. It had a net loss of $68.0 million, a net profit margin of −1.0%. Diluted earnings per share came to $0.21. Over five years revenue grew at an average rate of −15.4% a year.
See the RKT stock overview for the latest quote and news, or the RKT chart for price history and technical indicators.
RKT income statement FAQ
What is Rocket's annual revenue?
Rocket reported total revenue of $6.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 27.4% from $5.4 billion the previous year.
Is Rocket profitable?
No. Rocket reported a net loss of $68.0 million in fiscal 2025, a net profit margin of −1.0%; its operating margin was 8.7%.
What is Rocket's gross margin?
Rocket's gross margin was 91.6% in fiscal 2025: for every $100 of revenue, Rocket kept $92 after the direct cost of its products and services.
How fast is Rocket growing?
Revenue grew −15.4% a year on average over the last five fiscal years, from $15.9 billion to $6.9 billion.
What are Rocket's earnings per share?
Rocket earned $0.21 per diluted share in fiscal 2025, compared with $0.22 a year earlier.
When will Rocket report its next earnings?
Rocket is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Rocket's fiscal year end?
Rocket's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.