Financial health
- Total debt ($10.4B) exceeds cash ($2.7B); net debt is $7.7B.
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
RKT Financials Rocket Companies, Inc.
8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | -$68M | — | — | -0.3% | -0.1% | -$4.0B | $10.4B | $2.7B |
| 2024 | — | $29M | — | — | 0.3% | 0.1% | -$2.7B | — | $1.3B |
| 2023 | — | -$16M | — | — | -0.2% | -0.1% | $51M | — | $1.1B |
| 2022 | — | $46M | — | — | 0.5% | 0.2% | $10.7B | — | $722M |
| 2021 | — | $308M | — | — | 3.2% | 0.9% | $7.6B | — | $2.1B |
| 2020 | — | $198M | — | — | 2.5% | 0.5% | -$1.8B | — | $2.0B |
| 2019 | — | $0 | — | — | 0.0% | 0.0% | -$7.0B | — | $1.4B |
| 2018 | — | $0 | — | — | 0.0% | — | $1.4B | — | $1.1B |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $230M | — | — | 1.0% | 0.4% | -$1.2B | $10.8B | $3.1B |
| Mar '26 | — | $297M | — | — | 1.3% | 0.5% | $1.8B | $10.4B | $2.7B |
| Dec '25 | — | $68M | — | — | 0.3% | 0.1% | -$1.3B | $10.4B | $2.7B |
| Sep '25 | — | -$124M | — | — | -1.4% | -0.4% | -$72M | — | $5.8B |
| Jun '25 | — | -$2M | — | — | -0.0% | -0.0% | -$1.9B | — | $5.1B |
| Mar '25 | — | -$10M | — | — | -0.1% | -0.0% | -$810M | — | $1.4B |
| Dec '24 | — | $34M | — | — | 0.4% | 0.1% | $1.8B | — | $1.3B |
| Sep '24 | — | -$22M | — | — | -0.3% | -0.1% | -$1.4B | — | $1.2B |
| Jun '24 | — | $1M | — | — | 0.0% | 0.0% | -$138M | — | $1.3B |
| Mar '24 | — | $16M | — | — | 0.2% | 0.1% | -$3.0B | — | $861M |
| Dec '23 | — | -$11M | — | — | -0.1% | -0.1% | $1.4B | — | $1.1B |
| Sep '23 | — | $6M | — | — | 0.1% | 0.0% | $308M | — | $957M |
| Jun '23 | — | $7M | — | — | 0.1% | 0.0% | -$303M | — | $883M |
| Mar '23 | — | -$19M | — | — | -0.2% | -0.1% | -$1.3B | — | $893M |
| Dec '22 | — | -$18M | — | — | -0.2% | -0.1% | $1.2B | — | $722M |
| Sep '22 | — | $7M | — | — | 0.1% | 0.0% | $3.0B | — | $826M |
| Jun '22 | — | $3M | — | — | 0.0% | 0.0% | -$2.2B | — | $915M |
| Mar '22 | — | $54M | — | — | 0.6% | 0.2% | $8.7B | — | $2.3B |
| Dec '21 | — | $48M | — | — | 0.5% | 0.1% | $4.4B | — | $2.1B |
| Sep '21 | — | $75M | — | — | 0.8% | 0.2% | $749M | — | $2.2B |
Valuation over time
How the market has priced RKT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 552.5× (Mar '23) to 1950.0× (Nov '25).
P/E
Frequently asked questions
Is RKT growing its revenue and profit?
See the revenue and net-income charts above for Rocket Companies, Inc.'s multi-year trend.
How much debt does RKT have?
As of FY2025, Rocket Companies, Inc. reported $10.4B of total debt against $2.7B of cash.
What is RKT's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is RKT's P/E ratio?
As of Sep '26, Rocket Companies, Inc. traded at a price-to-earnings ratio of about 1950.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.