In Q1 FY2026 (ended March 31, 2026), Rocket Companies reported net income of $297 million, a significant increase of 3,070% year-over-year. Diluted EPS was $0.10, up 225% from the prior year. The company held $2.687 billion in cash and had $10.43 billion in long-term debt.
•Net income surged to $297 million, up 3,070% YoY.
•Diluted EPS rose to $0.10, a 225% increase.
•Cash and cash equivalents stood at $2.687 billion.
•Long-term debt was $10.43 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Founded 1985Detroit, MichiganSubsidiary of Rock Holdings Inc
Rocket Companies, Inc., a fintech company provides the mortgage, real estate, and personal finance businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service.
Its portfolio also includes Redfin, a digital real estate brokerage and home search platform, Rocket Close, a digital experience for appraisal management, settlement, and title services, Rocket Money, a finance app that offers a suite of financial wellness services including subscription cancellation, budget management and credit score improvement, and Rocket Loans, a platform for personal loan.
It also originates, closes, sells, and services agency-conforming loans provides Rocket Pro that works with mortgage brokers, community banks, and credit unions, to maintain own brand and client relationships. Founded in 1985, Rocket Companies is headquartered in Detroit, Michigan. Rocket Companies, Inc. was formerly a subsidiary of Rock Holdings Inc.
Rocket Companies, Inc. is a fintech company that provides mortgage, real estate, and personal finance services in the United States and Canada. It operates through two segments: Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a leading mortgage lender service, and also provides a range of other products including Redfin, a digital real estate brokerage and home search platform; Rocket Close, which handles appraisal management, settlement, and title services; Rocket Money, a finance app for subscription cancellation, budget management, and credit score improvement; and Rocket Loans, a platform for personal loans. Additionally, it originates, closes, sells, and services agency-conforming loans, and offers Rocket Pro to work with mortgage brokers, community banks, and credit unions.
Where is Rocket Companies (RKT) listed and what currency does it trade in?
Rocket Companies, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol RKT. The company trades in US Dollars (USD), as it is headquartered in the United States and its primary operations are in the US and Canada. Being listed on the NYSE, one of the world's largest stock exchanges, provides liquidity and visibility for investors. The currency denomination in USD is standard for US-based companies, making it accessible to domestic and international investors who trade in US dollars.
What sector and industry does Rocket Companies (RKT) belong to?
Rocket Companies, Inc. operates in the Financial Services sector, specifically within the Mortgage Finance industry. As a fintech company, it leverages technology to streamline mortgage lending, real estate transactions, and personal finance management. The Mortgage Finance industry involves originating, servicing, and selling mortgage loans, and Rocket Companies is a major player in this space through its Rocket Mortgage platform. Its classification in Financial Services reflects its core business of providing financial products and services, while the Mortgage Finance sub-industry highlights its focus on home loans and related services.
Where is Rocket Companies (RKT) headquartered and what markets does it serve?
Rocket Companies, Inc. is headquartered in Detroit, Michigan, United States. The company serves the United States and Canada, offering its mortgage, real estate, and personal finance solutions across these two countries. Founded in 1985, it has grown from a mortgage lender into a comprehensive fintech platform. Its headquarters in Detroit reflects its roots in the Midwest, and it operates nationally in the US while also extending services to Canadian customers. The company was formerly a subsidiary of Rock Holdings Inc., but now operates as an independent publicly traded entity.
How does Rocket Companies (RKT) make money?
Rocket Companies generates revenue primarily through its mortgage lending operations, including originating, closing, selling, and servicing agency-conforming loans. It operates through two segments: Direct to Consumer, where it markets directly to homebuyers and homeowners, and Partner Network, which works with mortgage brokers, community banks, and credit unions to maintain their own brand and client relationships. Additionally, the company earns fees from its other services: Redfin provides digital real estate brokerage, Rocket Close handles settlement and title services, Rocket Money offers subscription management and credit monitoring, and Rocket Loans provides personal loans. These diversified revenue streams, combined with its technology-driven platform, allow Rocket Companies to capture value across the homeownership and personal finance lifecycle.