Rocket Companies, Inc. · Mortgage Bankers & Loan Correspondents

RKT

High riskNext report: In 2 days (est.)

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The short version

A company still losing money with growing sales, with elevated risk. Institutions are adding.

Going well

Sales up 92% in the latest quarter vs a year ago
Sales up 31% last year
Buying back shares: share count down 33% in 3 years

Watch out for

About 8 months of cash left at its current burn
Losing money

Money moves

Insiders sold $2.7M in the last 30 days, all through pre-planned sales
Institutions added 17% to their holdings in the quarter ending June 2026 (413 bought, 396 sold)
Held by Ray Dalio (Bridgewater), Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$11.49-2.0% that day

Company value: $32.7B; Share price times all shares
Price vs profit (P/E): 47.9x; You pay about $48 for each $1 of yearly profit
Price vs sales: 3.3x; Company value is 3.3 times a year of sales
Cash vs value: 9%; Cash as a share of company value
Debt vs value: 32%; Debt as a share of company value

From RKT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.8B+92% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $10.0B, up 102% from the 12 months before. Over 5 years, sales shrank about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of RKT. Starting points are the company's recent numbers.

Sales growth-10% a yearRecently: -16% a yearProfit margin5%Last 12 months: 4.7%P/E at the end40xToday: 47.9x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.9B

Profit in 5 years$296M

Price these guesses point to$5.38-53% vs $11.49 todayAbout -14% a year, before dividends

What today's price needs: with a 5% margin and a 40x P/E, sales would have to grow about 4.8% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/4Weak

MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-1.0%
MissProfitable every yearSteady profits, not one good year.4 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$4.0B
PassShare count not growingNot diluting owners. Falling means buybacks.-32.9% in 3 years

Revenue: $6.7B; +31.2% vs prior year
5-year growth: -15.6%/yr; revenue, per year
Total debt: $10.4B
Free cash flow: -$4.0B; -60.0% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $2.8B; +91.9% YoY
EPS: $0.08; vs $0.00
Free cash flow: -$1.2B
Share count: +38.2%; vs a year ago

Insider rating

Last 90 days

44Mixed

Pre-planned sales of $2.7M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.1
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+16.5%

Institutions added 16.5% to their holdings. 413 bought, 396 sold. 7 quarters of net buying in a row.

Shares held by institutions964.9M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+12.8%

Cash runwayAt last year's cash burn

9 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.5x · $10.8B debt

Shares outstandingLatest reported

2.8B

Why high risk

Losing money
About 9 months of cash left at its current burn
Share count growing 12.8% a year (dilution)
Late quarterly report notice

Earnings reports

Last 12

Next reportIn 2 days (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedFeb 3
Results filedOct 30, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

New 5%+ holder (passive)Aug 14 · View filing ↗Big holder New 5%+ holder (passive)Aug 12 · View filing ↗Big holder New 5%+ holder (passive)Aug 6 · View filing ↗Big holder Late quarterly report noticeMay 12 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$2.7M1 insider, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Jesse K BrayPres & CEO, Rocket Mortgage	Sell	92K	$12.39	$1.1M	8M	Oct 2Filing ↗
-1.2% of their holdings Held via The Jesse K. Bray Living Trust Pre-planned sale (10b5-1) Also Director Filed 3 days after
Jesse K BrayPres & CEO, Rocket Mortgage	Sell	133K	$12.01	$1.6M	8M	Oct 1Filing ↗
-1.7% of their holdings Held via The Jesse K. Bray Living Trust Pre-planned sale (10b5-1) Also Director Filed 1 day after