RKT · NYSE · Financial - Mortgages

Rocket Companies (RKT)

Connects home search, mortgages, closing, and servicing through a digital homeownership platform.

$12.81
vs last close+0.45 (+3.60%)
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Rocket Companies, Inc.RKT
Financial sector

Connects home search and brokerage, mortgage origination, closing, servicing, and selected personal-finance products through Redfin, Rocket Mortgage, Mr. Cooper, and other Rocket businesses. Its centralized digital model spans much of the homeownership journey, while results remain tied to US mortgage-market conditions.

Connects home search and brokerage through Redfin with mortgage origination through Rocket Mortgage, closing services, and mortgage servicing through Mr. Cooper. Selected personal-finance products extend the platform beyond the home transaction.

Operates a centralized, technology-mediated consumer-lending model, now broadened across more of the homeownership journey. The combination of search, brokerage, lending, closing, and servicing can support relationships from finding a home through managing its mortgage.

Business activity is centered in the United States, while team members are also based in Canada and India. Results depend on interest rates, housing inventory, home prices, consumer demand, refinancing activity, and mortgage-servicing-right behavior. Integrating Redfin and Mr. Cooper adds regulatory, internal-control, and operational complexity, while founder Dan Gilbert retains majority voting control.

Company facts

CEOVarun Krishna
ListedAug 6, 2020
ExchangeNYSE
HeadquartersDetroit, MI
CountryUnited States
Employees23,500
CIK0001805284
ISINUS77311W1018

Market cap$34.90B
EPS (ttm)$0.1460
P/E (ttm)84.66
ROE2.4%
P/B1.48
P/S3.61
Dividend yieldDiv yield
Beta2.18vs XLF 0.62

Price target$18.00+45.6%Average of 27 analysts
ConsensusHold15 of 27 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 12, 2026RBC CapitalReiterate
Rating: Target: $20
Rating: Sector PerformTarget: $16
Jul 16, 2026Morgan StanleyUpgrade
Rating: Equal Weight
Rating: Overweight
Jul 15, 2026Morgan StanleyUpgrade
Rating: Target: $18
Rating: OverweightTarget: $19
Jun 29, 2026BenchmarkInitiate
Rating:
Rating: Buy
Jun 16, 2026BTIGDowngrade
Rating: Buy
Rating: Neutral

Next report
Oct 29, 26
in 37 days
EPS estimate
$0.15
Revenue estimate
$2.64B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$0.04$0.04$0.04$0.07$0.11$0.15$0.16Pending
Estimate$0.03$0.04$0.03$0.04$0.09$0.12$0.16$0.15
Surprise+45.2%+4.2%+46.5%+55.8%+22.8%+30.4%−2.6%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$1.72B$1.10B$1.30B$1.56B$2.69B$2.94B$2.78BPending
Estimate$1.15B$1.24B$1.28B$1.67B$2.22B$2.76B$2.81B$2.64B
Surprise+49.5%−11.2%+2.1%−6.5%+21.1%+6.7%−1.0%
Estimate$0.15
ReportedDue Oct 29, 2026
Estimate$2.64B
ReportedDue Oct 29, 2026
View details

Debt to equity140.90%
Current ratio53.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$748.8M$1.84B$1.10B$1.45B$1.79B$2.50B$2.74B$2.64B
Net income−$22.0M$33.9M−$10.4M−$1.8M−$123.9M$68.0M$297.0M$230.0M
Net margin0.0%1.8%0.0%0.0%0.0%2.7%10.8%8.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$497.3M$675.0M−$223.1M$24.3M$43.8M$504.0M$749.0M$655.0M
YoY growthTurned lossTurned profitTurned loss−87.4%Turned profit−25.3%Turned profit+2,599.7%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.10B · Total debt $33.18B · Total assets $60.98B · Shareholders' equity $23.55B

Revenue
$2.64B
Operating income
$655.0M
Net income
$230.0M
View details

Dividend yield
Next ex-date
Annual dividend
Schedule
View details

Institutions34.24%968.94M shares
867 holders · as of Jun 30, 2026
Insiders0.13%3.57M shares
10 holders · as of Sep 9, 2026
Other65.63%1.86B shares
remainder

2.83B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This company has 2 share classes; every stake here is a share of the whole company.

The reported float (507.24M, 24.1% free) does not reconcile with the share count, so it is not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Capital World InvestorsInstitution
2.45%69.33M Aas of Jun 30, 2026
BlackRock, Inc.Institution
2.44%69.07M Aas of Jun 30, 2026
Price T Rowe Associates Inc /MD/Institution
1.95%55.27M Aas of Jun 30, 2026
FMR LLCInstitution
1.84%52.06M Aas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
1.51%42.69M Aas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Jesse K. Braydirector, officer: Pres & CEO, Rocket Mortgage−225,000$13.11
Jan 12, 2026Matthew Rizikdirector−2,500$22.99
Jan 9, 2026Matthew Rizikdirector−2,500$22.78
Jan 8, 2026Matthew Rizikdirector−2,500$21.29
Jan 7, 2026Matthew Rizikdirector−2,500$21.26
View details

  • UWM

    Largest direct rival in mortgage origination and the broker channel

  • PennyMac Financial Services

    Scaled overlap across mortgage production and servicing

  • Zillow Group Class C

    Home-search, agent-lead, rental, and mortgage funnel rival

  • loanDepot

    Consumer-direct mortgage originator with an in-house servicing base

  • Compass

    Technology-enabled residential brokerage rival to Redfin

Compare

CompanyPriceChange
Rocket Companies$12.81+3.60%$34.90B84.717.93.6+113.7%
UWM$1.27+0.79%$1.91B4.90.6−78.6%
PennyMac Financial Services$66.73+0.20%$3.46B9.17.90.7+11.8%
Zillow Group Class C$30.91+0.83%$7.37B138.812.12.6+17.9%
loanDepot$0.7314+2.96%$238.0M39.90.2+19.4%
Compass$9.72−4.04%$6.16B94.3133.50.6+109.1%
Median94.312.10.6+17.9%