Rocket Companies, Inc 10-Q for FY2026 Q3

Rocket Companies, Inc. (RKT)

10-Q 2026-10-30 For: 2026-09-30

Added on October 30, 2026

About this 10-Q

Rocket Companies, Inc filed this 10-Q on October 30, 2026, covering the quarter ended September 30, 2026 (FY2026 Q3).

Rocket Companies reported $43.6 billion in total closed mortgage loan origination volume for the three months ended September 30, 2026, up 35%, Net income of $709 million and Adjusted EBITDA of $748 million; nine-month origination volume reached $137.4 billion, up 65%. AI summary

Headline figures

Quarter ended September 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $3.28B; up 93.7% from $1.7B a year earlier
Net income: $709M; compared with a net loss of $124M a year earlier
Diluted EPS: $0.25; compared with -$0.06 a year earlier

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Delaware						84-4946470
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

1050 Woodward Avenue, Detroit, MI						48226
(Address of principal executive offices)						(Zip Code)


	Table of Contents

	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements	5
	Condensed Consolidated Balance Sheets	5
	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)	6
	Condensed Consolidated Statements of Changes in Equity	7
	Condensed Consolidated Statements of Cash Flows	9
	Notes to Unaudited Condensed Consolidated Financial Statements	10
	1. Business, Basis of Presentation and Significant Accounting Policies	10
	2. Acquisitions	15
	3. Fair Value Measurements	19
	4. Mortgage Servicing Rights and Related Liabilities	25
	5. Mortgage Loans Held for Sale	27
	6. Borrowings	27
	7. Transactions with Related Parties	32
	8. Goodwill	32
	9. Income Taxes	33
	10. Derivative Financial Instruments	34
	11. Commitments and Contingencies	35
	12. Regulatory Minimum Net Worth, Capital Ratio and Liquidity Requirements	39
	13. Segments	39
	14. Variable Interest Entities	43
	15. Earnings Per Share	44
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	46
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	68
Item 4.	Controls and Procedures	68

	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	69
Item 1A.	Risk Factors	69
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	69
Item 5.	Other Information	69
Item 6.	Exhibits	70
Signature		71


Reference						Term
2025 Form 10-K						The Company’s Annual Report on Form 10-K for the period ending December 31, 2025
ASC						Accounting Standards Codification
Bridge Facility						a 364-day senior unsecured bridge term loan facility
CFE						Collateralized Financing Entity
CODM						Chief Operating Decision Maker
Consolidated Financial Statements						Collectively, Consolidated Balance Sheets of Rocket Companies, Inc., Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), Changes in Equity and Cash Flows, and the related notes
Correspondent						Delegated correspondent channel through which Rocket purchases closed mortgage loans from approved third-party originators and financial institutions that have been underwritten in accordance with investor guidelines
DTC						Direct to Consumer channel through which Rocket originates mortgage loans directly with homebuyers and homeowners, including new clients, existing servicing clients, and clients referred through enterprise partnerships, while managing the end-to-end experience across new mortgage financing
EBITDA						Earnings Before Interest, Taxes, Depreciation, and Amortization
Exchange Act						Securities Exchange Act of 1934, as amended
FASB						Financial Accounting Standards Board
FHA						Federal Housing Administration
FHFA						Federal Housing Finance Agency
Form 10-K						Annual Report on Form 10-K
Form 10-Q						Quarterly Report on Form 10-Q
GSEs						Government-Sponsored Enterprises, Fannie Mae together with Freddie Mac
Holdings LLC						Rocket, LLC, a Michigan limited liability company that was the Company’s principal operating subsidiary prior to the Up-C Collapse, and which was converted into a limited partnership, Holdings LP, in connection with the Up-C Collapse
Holdings LLC Units						The common limited liability company interests of Holdings LLC held by RHI and Mr. Gilbert (or their transferees) which represented economic interests in Holdings LLC prior to the Up-C Collapse
Holdings LP						Rocket Limited Partnership, the successor entity to Holdings LLC following the Up-C Collapse
Holdings Units						Partnership units of Holdings LP, which, following the Up-C Collapse, are all directly or indirectly held by the Company
HouseCanary						HouseCanary, Inc.
IRLCs						Interest Rate Lock Commitments
Lendesk Technologies						Lendesk Canada Holdings Inc.
LMB HoldCo LLC						Core Digital Media
LPCs						Loan Purchase Commitments
MLHFS						Mortgage Loans Held for Sale
Mr. Cooper						Mr. Cooper Group Inc.
Mr. Cooper Acquisition						All-stock acquisition, effective October 1, 2025, pursuant to which the Company acquired Mr. Cooper, including its direct and indirect subsidiaries
MSRs						Mortgage Servicing Rights
NAR						National Association of REALTORS
Nationstar Mortgage						Mr. Cooper’s mortgage operating subsidiary


Reference						Term
OAS						Option Adjusted Spread
Other Rocket Companies						Other Rocket Companies subsidiaries, not including mortgage loan production or servicing
Our non-GAAP financial measures						Collectively, Adjusted revenue, Adjusted net income, Adjusted diluted earnings per share and Adjusted EBITDA
Participating Common Stock						Class A common stock together with Class L common stock
PII						Personally Identifiable Information
Pipeline						Our inventory of mortgage loans held for sale, interest rate lock commitments and loan purchase commitments
Pipeline hedges						Derivative financial instruments economically hedging our Pipeline
PSUs						Performance Stock Units
Redfin						Redfin Corporation
Redfin Acquisition						All-stock transaction, effective July 1, 2025, pursuant to which the Company acquired Redfin, including its direct and indirect subsidiaries
Related Parties						Collectively, RHI, its subsidiaries, certain other affiliates and related parties
RHI						Rock Holdings Inc.
Rocket Close						Rocket Close, LLC formerly Amrock, LLC
Rocket GP, LLC						General Partner of Rocket Limited Partnership
Rocket Homes						Rocket Homes Real Estate LLC
Rocket Loans						Rocket Personal Finance Holdings, LLC, formerly RockLoans Holdings LLC
Rocket LP, LLC						Limited Partner of Rocket Limited Partnership
Rocket Money						Rocket Money, Inc.
Rocket Mortgage						Rocket Mortgage brand or platform, or the Rocket Mortgage business as context allows
Rocket Pro						Wholesale channel through which independent mortgage brokers, community banks, and credit unions originate loans for their clients using Rocket’s origination platform, fulfillment capabilities, and products while maintaining their own customer relationships and branding
Roosevelt						Roosevelt Management Company LLC
RSUs						Restricted Stock Units
RTIC						Rocket Title Insurance Company
SEC						Securities and Exchange Commission
SOFR						Secured Overnight Financing Rate
SPEs						Special Purpose Entities
the Acquisitions						The Redfin Acquisition together with the Mr. Cooper Acquisition
the Company, we, us, and our						Rocket Companies, Inc.
TMSPP						Team Member Stock Purchase Plan
TRA						Tax Receivable Agreement, dated as of August 5, 2020, with RHI and Mr. Gilbert
TRA Amendment						Amendment to the Tax Receivable Agreement, dated June 30, 2025, by and among the Company, RHI and Daniel Gilbert
U.S. GAAP						U.S. Generally Accepted Accounting Principles
Up-C Collapse						Series of transactions completed on June 30, 2025, pursuant to which the Company collapsed its Up-C structure
UPB						Unpaid Principal Balance
VIEs						Variable Interest Entities
Xome						Xome Holdings, LLC


	September 30, 2026		December 31, 2025
Assets	(Unaudited)
Cash and cash equivalents	$	2,699	$	2,696
Mortgage loans held for sale, at fair value	13,218		15,471
Derivative assets, at fair value	981		360
Mortgage servicing rights, at fair value	20,257		19,442
Advance receivables, net of reserves and discount of $157 and $120, respectively	1,674		2,040
Property and equipment, net of accumulated depreciation of $788 and $695, respectively	288		260
Loans subject to repurchase right from Ginnie Mae	5,476		5,125
Intangible assets, net of accumulated amortization	1,880		2,224
Goodwill	10,686		10,611
Other assets	2,995		2,456
Total assets	$	60,154	$	60,685
Liabilities and equity
Liabilities
Secured financing	$	14,187	$	17,936
Unsecured financing, net	10,716		10,423
Derivative liabilities, at fair value	798		145
Loans subject to repurchase right from Ginnie Mae	5,476		5,125
Accounts payable and other liabilities	4,666		4,158
Total liabilities	$	35,843	$	37,787
Equity
Preferred stock, $0.00001 par value - 500,000,000 shares authorized as of September 30, 2026 and December 31, 2025, none issued and outstanding as of September 30, 2026 and December 31, 2025.	$	—	$	—
Class A common stock, $0.00001 par value - 10,000,000,000 shares authorized as of September 30, 2026 and December 31, 2025, 1,912,084,674 and 969,277,991 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively.	—		—
Class L common stock, $0.00001 par value - 6,000,000,000 shares authorized as of September 30, 2026 and December 31, 2025, 924,439,745 and 1,848,879,455 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively.	—		—
Additional paid-in capital	22,951		22,774
Retained earnings	1,359		124
Non-controlling interest	1		—
Total equity	24,311		22,898
Total liabilities and equity	$	60,154	$	60,685


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Revenue
Gain on sale of loans
Gain on sale of loans excluding fair value of originated MSRs, net	$	302	$	641	$	1,436	$	1,621
Fair value of originated MSRs	726		386		2,173		994
Gain on sale of loans, net	1,028		1,027		3,609		2,615
Loan servicing income (loss)
Servicing fee income	1,032		413		3,181		1,215
Change in fair value of MSRs, net	156		(480)		(945)		(1,128)
Loan servicing income (loss), net	1,188		(67)		2,236		87
Interest income	550		290		1,640		728
Other income	518		445		1,524		818
Total revenue, net	3,284		1,695		9,009		4,248
Expenses
Salaries, commissions and team member benefits	935		875		3,064		2,108
General and administrative expenses	559		355		1,662		903
Marketing and advertising expenses	253		274		889		826
Interest expense	359		235		1,082		499
Depreciation and amortization	147		79		438		133
Other expenses	73		62		235		162
Total expenses	2,326		1,880		7,370		4,631
Income (loss) before income taxes	958		(185)		1,639		(383)
(Provision for) benefit from income taxes	(249)		61		(404)		81
Net income (loss)	709		(124)		1,235		(302)
Net loss attributable to non-controlling interest	—		—		1		166
Net income (loss) attributable to Rocket Companies	$	709	$	(124)	$	1,236	$	(136)

Earnings (loss) per share of Participating Common Stock
Basic	$	0.25	$	(0.06)	$	0.44	$	(0.17)
Diluted	$	0.25	$	(0.06)	$	0.43	$	(0.17)

Weighted average shares outstanding
Basic	2,839,534,880		2,106,227,188		2,834,819,036		815,634,892
Diluted	2,845,400,003		2,106,227,188		2,844,794,900		815,634,892

Comprehensive income (loss)
Net income (loss)	$	709	$	(124)	$	1,235	$	(302)
Cumulative translation adjustment	(7)		(1)		(7)		—

Comprehensive income (loss)	702		(125)		1,228		(302)
Comprehensive loss attributable to non-controlling interest	—		—		1		165
Comprehensive income (loss) attributable to Rocket Companies	$	702	$	(125)	$	1,229	$	(137)


	Class A Common Stock Shares	Class D Common Stock Shares	Class L Common Stock Shares	Additional Paid-in Capital		Retained Earnings		Total Non-controlling Interest		Total Equity
Balance, December 31, 2024	146,028,193	1,848,879,483	—	$	389	$	313	$	8,341	$	9,043
Net loss	—	—	—	—		(10)		(202)		(212)
Share-based compensation, net	3,243,276	—	—	3		—		35		38
Distributions to unit holders (members) from subsidiary investment, net	—	—	—	—		—		(113)		(113)
Special Dividends to Class A Shareholders, net of forfeitures	—	—	—	—		(123)		(22)		(145)
Taxes withheld on team members' restricted share award vesting	—	—	—	(2)		—		(26)		(28)
Issuance of Class A common stock upon exercise of stock options	40,000	—	—	—		—		—		—
Issuance of Class A common stock under share-based compensation plans	839,012	—	—	1		—		8		9
Change in controlling interest of investment, net	—	—	—	13		—		(21)		(8)
Balance, March 31, 2025	150,150,481	1,848,879,483	—	$	404	$	180	$	8,000	$	8,584
Net income (loss)	—	—	—	—		(2)		36		34
Cumulative translation adjustment	—	—	—	—		—		1		1
Share-based compensation, net	586,990	—	—	4		—		45		49
Taxes withheld on team members' restricted share award vesting	—	—	—	(1)		—		(4)		(5)
Issuance of Class A common stock under share-based compensation plans	775,879	—	—	1		—		9		10
Change in controlling interest of investment, net	—	(1,848,879,483)	1,848,879,455	6,863		—		(8,087)		(1,224)
Balance, June 30, 2025	151,513,350	—	1,848,879,455	$	7,271	$	178	$	—	$	7,449
Net loss	—	—	—	—		(124)		—		(124)
Cumulative translation adjustment	—	—	—	(1)		—		—		(1)
Share-based compensation, net	4,748,966	—	—	65		—		—		65
Special Dividend to Class A Shareholders, net of forfeitures	—	—	—	—		1		—		1
Issuance of Class A common stock upon exercise of stock options	904,460	—	—	14		—		—		14
Taxes withheld on team members' restricted share award vesting	—	—	—	(52)		—		—		(52)
Issuance of Class A common stock under share-based compensation plans	701,153	—	—	10		—		—		10
Acquisition of Redfin	103,391,679	—	—	1,490		—		—		1,490
Balance, September 30, 2025	261,259,608	—	1,848,879,455	$	8,797	$	55	$	—	$	8,852


	September 30,
	2026		2025
Cash and cash equivalents	$	2,699	$	5,836
Restricted cash	240		21
Total cash, cash equivalents and restricted cash, end of period in the Condensed Consolidated Statements of Cash Flows	$	2,939	$	5,857


	Fair Value
Assets acquired
Cash and cash equivalents	$	173
Mortgage loans held for sale	165
Derivative assets	5
MSRs	2
Property and equipment	12
Intangible assets	881
Other assets	223
Total assets acquired	$	1,461
Liabilities assumed
Secured financing	$	158
Unsecured financing	526
Derivative liabilities	2
Accounts payable and Other liabilities	266
Total liabilities assumed	$	952
Net identifiable assets acquired	$	509
Goodwill	1,233
Total consideration transferred	$	1,742


	Fair Value		Useful Life
Developed technology and other	$	356	4 years
Trade name	350		5 years
Customer relationships	175		4 - 6 years
Intangible assets acquired	$	881


	Three Months Ended September 30, 2025		Nine Months Ended September 30, 2025
	(Unaudited)
Total revenue, net	$	2,505	$	7,149
Net income (loss)	$	71	$	(3)


	Level 1		Level 2		Level 3		Total
Balance at September 30, 2026
Assets


Mortgage loans held for sale (1)	$	—	$	12,898	$	320	$	13,218
Derivative assets:
IRLCs	—		—		134		134
LPCs	—		—		2		2
Forward commitments	—		806		—		806
Treasury futures	—		39		—		39
MSRs	—		—		20,257		20,257
Other assets:
Investment securities	—		63		107		170
Equity investments	—		—		7		7
Non-mortgage loans held for sale	—		—		480		480
Assets of the consolidated CFE	—		—		83		83
Non-mortgage loan servicing rights	—		—		22		22
Non-mortgage loans held for investment	—		—		3		3
Total assets	$	—	$	13,806	$	21,415	$	35,221
Liabilities
Derivative liabilities:
LPCs	$	—	$	—	$	26	$	26
Forward commitments	—		515		—		515
Treasury futures	—		257		—		257
Other liabilities:
Liabilities of the consolidated CFE	—		—		50		50
Excess spread financing	—		—		311		311
MSRs financing liability	—		—		14		14
Total liabilities	$	—	$	772	$	401	$	1,173


	September 30, 2026			December 31, 2025
Unobservable Input	Range	Weighted Average		Range	Weighted Average
Mortgage loans held for sale
Model pricing	70.0% - 100.0%	76.6	%	71.7% - 104.0%	83.1	%
IRLCs
Pull-through probability	1.0% - 100.0%	75.1	%	0.0% - 100.0%	71.7	%
Value of servicing (reflected as a % of pull-through adjusted UPB)	0.0% - 3.6%	1.4	%	0.0% - 2.9%	1.3	%
MSRs (1)
OAS (2)	7.0% - 11.3%	8.1	%	7.3% - 11.3%	8.3	%
Prepayment speeds	7.7% - 10.5%	8.3	%	9.6% - 13.4%	10.7	%
Cost to service per loan (3)	$43 - $116	$61		$42 - $113	$59
Non-mortgage loans held for sale
Discount rate	7.0% - 9.3%	7.4	%	7.0% - 9.3%	7.0	%
Annual default rate	6.1% - 23.2%	8.4	%	4.0% - 29.3%	9.0	%



Excess spread financing (1)
OAS (2)	6.7% - 12.3%	8.6	%	7.0% - 12.3%	8.8	%
Prepayment speeds	7.2% - 8.4%	7.5	%	6.6% - 8.4%	7.7	%
Average life (4)		6.5 years			6.5 years


	Mortgage Loans Held for Sale		IRLCs		Non-Mortgage Loans Held for Sale		Excess Spread financing
Balance at June 30, 2026	$	298	$	345	$	485	$	322

Transfers in (1)	104		—		590		—
Transfers out/principal reductions (1)	(58)		—		(587)		(13)

Total (losses) gains included in Net income (loss) for assets held at the end of the reporting period	(24)		(211)		(8)		2
Balance at September 30, 2026	$	320	$	134	$	480	$	311

Balance at June 30, 2025	$	252	$	305	$	469	$	—
Acquired in business combination	2		5		—		—
Transfers in (1)	181		—		123		—
Transfers out/principal reductions (1)	(200)		—		(163)		—
Net transfers and revaluation gains	—		8		—		—
Total losses included in Net income (loss) for assets held at the end of the reporting period	(4)		—		(3)		—
Balance at September 30, 2025	$	231	$	318	$	426	$	—

Balance at December 31, 2025	$	250	$	294	$	411	$	337

Transfers in (1)	362		—		1,567		—
Transfers out/principal reductions (1)	(234)		—		(1,488)		(40)

Total (losses) gains included in Net income (loss) for assets held at the end of the reporting period	(58)		(160)		(10)		14
Balance at September 30, 2026	$	320	$	134	$	480	$	311

Balance at December 31, 2024	$	242	$	103	$	262	$	—
Acquired in business combination	2		5		—		—
Transfers in (1)	478		—		421		—
Transfers out/principal reductions (1)	(468)		—		(249)		—
Net transfers and revaluation gains	—		210		—		—
Total losses included in Net income (loss) for assets held at the end of the reporting period	(23)		—		(8)		—
Balance at September 30, 2025	$	231	$	318	$	426	$	—


	Fair Value		UPB		Difference (1)
Balance at September 30, 2026
Mortgage loans held for sale	$	13,218	$	13,309	$	(91)
Non-mortgage loans held for sale	480		472		8
Assets of the consolidated CFE	83		81		2

Balance at December 31, 2025
Mortgage loans held for sale	$	15,471	$	15,061	$	410
Non-mortgage loans held for sale	411		406		5
Assets of the consolidated CFE	152		152		—


	OAS				Prepayment Speeds				Cost to Service per Loan
	100 BPS Adverse Change		200 BPS Adverse Change		10% Adverse Change		20% Adverse Change		10% Adverse Change		20% Adverse Change
September 30, 2026	$	(767)	$	(1,477)	$	(410)	$	(795)	$	(122)	$	(243)
December 31, 2025	$	(718)	$	(1,383)	$	(527)	$	(1,015)	$	(124)	$	(248)


Facility Type	Collateral	Maturity	Line Amount		Committed Line Amount		Outstanding Balance as of September 30, 2026		Outstanding Balance as of December 31, 2025
Mortgage loan funding
1) Master Repurchase Agreement (1)	Mortgage loans held for sale	9/16/2027	$	1,000	$	100	$	340	$	983
2) Master Repurchase Agreement (2)	Mortgage loans held for sale	7/23/2027	1,500		250		1,027		437
3) Master Repurchase Agreement	Mortgage loans held for sale	12/17/2027	2,500		250		2,444		1,617
4) Master Repurchase Agreement	Mortgage loans held for sale	5/27/2027	2,500		500		1,992		1,475
5) Master Repurchase Agreement (3)	Mortgage loans held for sale	9/3/2027	1,000		100		294		476
6) Master Repurchase Agreement	Mortgage loans held for sale	11/26/2027	1,500		100		1,279		1,452
7) Master Repurchase Agreement (4)	Mortgage loans held for sale	6/9/2028	3,000		250		1,769		2,834
8) Master Repurchase Agreement (5)	Mortgage loans held for sale	6/11/2027	1,500		150		1,401		1,453
9) Master Repurchase Agreement	Mortgage loans held for sale	5/26/2028	1,500		200		448		615
10) Master Repurchase Agreement	Mortgage loans held for sale	11/27/2026	500		—		5		30
11) Master Repurchase Agreement (6)	Mortgage loans held for sale	9/30/2027	1,200		—		1		145
12) Master Repurchase Agreement (7)	Mortgage loans held for sale	N/A	N/A		N/A		N/A		107
13) Master Repurchase Agreement (7)	Mortgage loans held for sale	N/A	N/A		N/A		N/A		46
14) Master Repurchase Agreement (8)	Mortgage loans held for sale	10/22/2026	100		—		3		16
15) Master Repurchase Agreement (9)	Mortgage loans held for sale	3/26/2027	750		100		281		514
16) Master Repurchase Agreement	Mortgage loans held for sale	7/5/2028	1,000		250		336		234
17) Master Repurchase Agreement	Mortgage loans held for sale	11/18/2026	1,000		—		1		364
18) Master Repurchase Agreement	Mortgage loans held for sale	12/23/2026	200		—		—		—
19) Early Funding Facility (10)	Mortgage loans held for sale	(10)	5,000		—		181		575
20) Early Funding Facility (11)	Mortgage loans held for sale	(11)	2,000		—		240		478
Total Mortgage loan funding			$	27,750	$	2,250	$	12,042	$	13,851


Facility Type	Collateral	Maturity	Line Amount		Committed Line Amount		Outstanding Balance as of September 30, 2026		Outstanding Balance as of December 31, 2025
MSR and advance facilities
21) MSR line of credit (12)	MSRs	9/30/2027	$	950	$	—	$	—	$	150
22) MSR line of credit	MSRs	7/21/2028	2,000		700		150		700
23) MSR line of credit	MSRs	7/20/2027	875		875		—		450
24) MSR line of credit	MSRs	4/1/2027	500		—		250		360
25) MSR line of credit	MSRs	6/23/2027	500		150		25		150
26) MSR line of credit	MSRs	7/17/2027	500		250		25		310
27) MSR line of credit (13)	MSRs	7/25/2027	1,500		1,200		340		440
28) MSR line of credit (7)	MSRs	N/A	N/A		N/A		N/A		265
29) MSR line of credit	MSRs	6/25/2027	300		—		150		150
30) Advance facility	Servicing advance receivables	5/26/2028	850		700		415		364
31) Advance facility (7)(14)	Servicing advance receivables	N/A	N/A		N/A		N/A		1
32) Advance facility	Servicing advance receivables	12/1/2027	350		100		88		99
33) Advance facility (13)	Servicing advance receivables	7/25/2027	500		500		358		342
Total MSR and advance facilities			$	8,825	$	4,475	$	1,801	$	3,781

Personal loan funding
34) Revolving Credit and Security Agreement	Personal loans held for sale	8/19/2027	$	200	$	200	$	—	$	63
35) Revolving Credit and Security Agreement (15)	Personal loans held for sale	11/21/2028	150		75		51		17
36) Revolving Credit and Security Agreement (16)	Personal loans held for sale	12/21/2026	N/A		N/A		—		13
37) Revolving Credit and Security Agreement	Personal loans held for sale	3/27/2028	300		100		56		185
38) Revolving Credit and Security Agreement	Personal loans held for sale	12/26/2028	300		300		237		26
Total Personal loan funding			$	950	$	675	$	344	$	304

Total Secured Financing (17)			$	37,525	$	7,400	$	14,187	$	17,936


Facility Type	Maturity	Interest Rate		Outstanding Principal September 30, 2026		Outstanding Principal December 31, 2025
Senior Notes, net
Unsecured Senior Notes (1)(2)	10/15/2026	2.875	%	$	—	$	1,150
Unsecured Convertible Senior Notes (3)	4/1/2027	0.500	%	503		503
Unsecured Senior Notes (1)(4)	1/15/2028	5.250	%	—		62
Unsecured Senior Notes (1)	3/1/2029	3.625	%	750		750
Unsecured Senior Notes (1)	8/1/2029	6.500	%	12		12
Unsecured Senior Notes (1)	8/1/2029	6.500	%	738		738
Unsecured Senior Notes (1)	8/1/2030	6.125	%	2,000		2,000
Unsecured Senior Notes (1)	12/15/2030	5.125	%	76		76
Unsecured Senior Notes (1)	3/1/2031	3.875	%	1,250		1,250
Unsecured Senior Notes (1)(5)	8/1/2031	6.125	%	900		—
Unsecured Senior Notes (1)	11/15/2031	5.750	%	64		64
Unsecured Senior Notes (1)	2/1/2032	7.125	%	45		45
Unsecured Senior Notes (1)	2/1/2032	7.125	%	955		955
Unsecured Senior Notes (1)	8/1/2033	6.375	%	2,000		2,000
Unsecured Senior Notes (1)	10/15/2033	4.000	%	850		850
Unsecured Senior Notes (1)(5)	6/15/2034	6.500	%	600		—
Total Senior Notes				$	10,743	$	10,455
Unamortized premium, net of unamortized discount				39		28
Unamortized issuance costs				(66)		(60)
Total Senior Notes, net (6)				$	10,716	$	10,423

Total Unsecured Financing, net				$	10,716	$	10,423


	September 30, 2026				December 31, 2025
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Total Senior Notes, net	$	10,716	$	10,258	$	10,423	$	10,502


	September 30, 2026		December 31, 2025
MSRs, at fair value	$	20,257	$	19,442

Excess spread financing, at fair value	311		337
MSRs financing, at fair value	14		11
MSR related liabilities - nonrecourse, at fair value	$	325	$	348


	Statements of Income (Loss) Line	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative activity		2026		2025		2026		2025
IRLCs, LPCs and Pipeline hedges	Gain on sale of loans, net	$	411	$	(85)	$	700	$	(28)
MSR hedges	Change in fair value of MSRs, net	$	(713)	$	7	$	(919)	$	54


	Notional Value		Fair Value
Balance at September 30, 2026
Assets
IRLCs, net of loan funding probability (1)	$	8,704	$	134
LPCs, net of loan funding probability	447		2
Forward commitments	13,713		806
Treasury futures	3,291		39
Total Derivative assets	$	26,155	$	981
Liabilities
LPCs, net of loan funding probability	$	1,497	$	26
Forward commitments	7,505		515
Treasury futures	4,708		257
Total Derivative liabilities	$	13,710	$	798

Balance at December 31, 2025
Assets
IRLCs, net of loan funding probability (1)	$	9,611	$	294
LPCs, net of loan funding probability	690		4
Forward commitments	16,073		62
Treasury futures	12		—
Total Derivative assets	$	26,386	$	360
Liabilities
LPCs, net of loan funding probability	$	287	$	1
Forward commitments	19,446		98
Treasury futures	5,252		46
Total Derivative liabilities	$	24,985	$	145


	September 30, 2026				December 31, 2025
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
IRLCs	$	9,811	$	1,777	$	12,331	$	1,066


Three months ended September 30, 2026	Mortgage		All Other		Total Consolidated Company
Revenue
Gain on sale of loans, net	$	1,002	$	26	$	1,028
Servicing fee income	1,026		6		1,032
Change in fair value of MSRs, net	160		(4)		156
Interest income	515		35		550
Other income	99		419		518
Total revenue, net	$	2,802	$	482	$	3,284
Expenses
Salaries, commissions and team member benefits	392		162
General and administrative expenses	151		17
Marketing and advertising expenses	152		101
Interest expense	198		7
Other expenses	61		6
Directly attributable expenses	954		293
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)	(710)		—
Contribution margin	$	1,138	$	189


Three months ended September 30, 2025	Mortgage		All Other		Total Consolidated Company
Revenue
Gain on sale of loans, net	$	1,002	$	25	$	1,027
Servicing fee income	410		3		413
Change in fair value of MSRs, net	(480)		—		(480)
Interest income	216		74		290
Other income	83		362		445
Total revenue, net	$	1,231	$	464	$	1,695
Expenses
Salaries, commissions and team member benefits	405		157
General and administrative expenses	103		27
Marketing and advertising expenses	190		84
Interest expense	90		7
Other expenses	57		5
Directly attributable expenses	845		280
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)	178		—
Contribution margin	$	564	$	184


Nine months ended September 30, 2026	Mortgage		All Other		Total Consolidated Company
Revenue
Gain on sale of loans, net	$	3,525	$	84	$	3,609
Servicing fee income	3,167		14		3,181
Change in fair value of MSRs, net	(938)		(7)		(945)
Interest income	1,524		116		1,640
Other income	320		1,204		1,524
Total revenue, net	$	7,598	$	1,411	$	9,009
Expenses
Salaries, commissions and team member benefits	1,293		472
General and administrative expenses	529		60
Marketing and advertising expenses	522		367
Interest expense	626		19
Other expenses	204		15
Directly attributable expenses	3,174		933
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)	(852)		—
Contribution margin	$	3,572	$	478


Nine months ended September 30, 2025	Mortgage		All Other		Total Consolidated Company
Revenue
Gain on sale of loans, net	$	2,552	$	63	$	2,615
Servicing fee income	1,210		5		1,215
Change in fair value of MSRs, net	(1,128)		—		(1,128)
Interest income	590		138		728
Other income	213		605		818
Total revenue, net	$	3,437	$	811	$	4,248
Expenses
Salaries, commissions and team member benefits	1,066		248
General and administrative expenses	288		52
Marketing and advertising expenses	636		190
Interest expense	245		20
Other expenses	140		10
Directly attributable expenses	2,375		520
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)	417		—
Contribution margin	$	1,479	$	291


	Three Months Ended September 30,						Nine Months Ended September 30,
($ in millions)	2026			2025			2026			2025
DTC net rate lock volume	$	22,127		$	24,601		$	78,011		$	59,044
Rocket Pro net rate lock volume	8,246			11,227			30,842			31,330
Net rate lock volume excluding Correspondent	$	30,373		$	35,828		$	108,853		$	90,374
Correspondent net rate lock volume	9,981			—			27,926			—
Net rate lock volume (1)	$	40,354		$	35,828		$	136,779		$	90,374

DTC gain on sale margin	4.31		%	3.62		%	4.13		%	3.86		%
Rocket Pro gain on sale margin	0.70		%	0.99		%	0.89		%	0.88		%
Gain on sale margin excluding Correspondent	3.33		%	2.80		%	3.21		%	2.83		%
Correspondent gain on sale margin	0.15		%	—		%	0.16		%	—		%
Gain on sale margin (2)	2.54		%	2.80		%	2.59		%	2.83		%


	September 30,
($ in millions, Units in thousands)	2026			2025
Servicing Portfolio Data
Total serviced UPB (includes subserviced)	$	2,007,176		$	613,146
MSRs UPB of loans serviced	$	1,201,476		$	537,972
UPB of loans subserviced and temporarily serviced	$	805,700		$	75,174
Total loans serviced (includes subserviced)	9,086			2,865
Number of MSRs loans serviced	6,321			2,664
Number of loans subserviced and temporarily serviced	2,765			201
MSR fair value multiple (3)	5.81			4.82
Total servicing portfolio delinquency rate (60+)	1.52		%	1.41		%
Net client retention rate (trailing twelve months) (4)	98		%	98		%
Actual prepayment speed (5)	10.05		%	9.50		%


	Three Months Ended September 30,		Nine Months Ended September 30,
(Units in thousands)	2026	2025	2026	2025
Select Other Rocket Companies
Rocket Close closings (units)	91	79	281	199
Rocket Money paying subscribers (6)	5,061	4,498	5,061	4,498
Rocket Loans closed (units)	30	23	87	59
Redfin real estate transactions	17	N/A	50	N/A


Exhibit Number						Description
3.1						Restated Certificate of Incorporation of Rocket Companies, Inc., dated as of June 30, 2025 (incorporated by reference to Exhibit 3 .2 to the Company’s Form 8-K filed on June 30, 2025)
3.2						Amended and Restated Bylaws of Rocket Companies, Inc. (incorporated herein by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q, filed on September 2, 2020)
4.1						Certain instruments defining the rights of holders of long-term debt securities of the registrant and its subsidiaries are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The registrant hereby undertakes to furnish to the SEC, upon request, copies of any such instruments.
10.1#						Revolving Credit Agreement, dated as of July 16, 2026, by and among Rocket Companies, Inc., as Borrower, the Guarantors party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 1 0 .1 to the Company’s Form 10-Q filed on August 7 , 202 6 )
31.1*						Certification of CEO, pursuant to SEC Rule 13a-14(a) and 15d-14(a)
31.2*						Certification of CFO, pursuant to SEC Rule 13a-14(a) and 15d-14(a)
32.1*						Certification by the CEO, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2*						Certification by the CFO, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS						Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH						Inline XBRL Taxonomy Extension Schema Document
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document
104						Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

*						Filed herewith.
#						Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the Securities and Exchange Commission upon its request.


Date: October 30, 2026	By:	/s/ Varun Krishna
		Name: Varun Krishna
		Title: Chief Executive Officer


Date: October 30, 2026	By:	/s/ Brian Brown
		Name: Brian Brown
		Title: President, Chief Financial Officer and Treasurer