Income StatementBalance SheetCash FlowSegments
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Rocket Companies Business Segments

Business, geographic, and product segment breakdowns

Rocket Companies generates $8.5B in annual revenue across 2 key segments: Direct to Consumer ($3.2B), and Partner Network ($381.0M). Based on the Q1 2026 filing.

Direct to Consumer (TTM)$3.2BPartner Network (TTM)$381.0M
Latest FilingQ1 2026
Report Date2026-05-12
Market Cap$40.4B
P/E Ratio250.40
ROE1.01%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Real Estate Brokerage—$0.0—$177.2M—$138.0M
Subscription Revenue$74.8M$84.5M$86.9M$88.3M$91.3M$103.0M
Closing Fees$31.4M$24.4M$32.0M$35.5M$47.1M$49.0M
License—$0.0———$42.0M
Real Estate Exchange Revenue—$0.0———$15.0M
Appraisal Revenue$8.0M$8.5M$10.4M$11.4M$10.7M$11.0M
Real Estate Partner Revenue—$10.0M—$20.4M—$9.0M

Business Segments

Acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer—$2.1B$2.1B$2.1B$2.1B—

Contribution margin

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$376.0M$406.8M$367.5M$468.9M$849.9M$1.1B
Partner Network$76.6M$56.7M$83.4M$96.0M$149.9M$144.0M

Expense, Directly Attributable To Adjusted Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$527.9M$610.1M$642.8M$683.8M$925.3M$962.0M
Partner Network$58.3M$57.0M$64.8M$71.5M$88.7M$156.0M

General and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$64.2M$78.4M$95.4M$96.6M$156.6M$168.0M
Partner Network$5.1M$4.7M$6.5M$6.0M$9.7M$31.0M

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$0.0———$0.0—

Goodwill, Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer—$0.0$0.0$0.0$0.0—

Gross Carrying Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$719.0M———$10.0B—

Interest and amortization on non-funding debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer—$16.3M$16.3M$16.3M$16.3M—
Partner Network—$0.0$0.0$0.0$0.0—

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer—$35.0M———$139.0M
Partner Network—$29.0M———$64.0M

Marketing and advertising expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$160.2M$212.7M$226.8M$189.3M$161.3M$195.0M
Partner Network$2.1M$3.1M$2.5M$2.1M$2.3M$4.0M

Mortgage Servicing Rights (MSR), Loss (Gain) Due To Change In Fair Value Valuation Assumptions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer-$582.2M$259.0M-$20.0M$177.3M—-$119.0M
Partner Network$0.0$0.0$0.0$0.0$0.0$0.0

Other expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$43.4M$35.5M$43.0M$53.6M$119.0M$64.0M
Partner Network$2.6M$2.4M$2.5M$2.8M$3.3M$1.0M

Salaries, commissions and team member benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Direct to Consumer$260.1M$283.7M$277.6M$344.3M$423.4M$396.0M
Partner Network$48.5M$46.8M$53.2M$60.6M$73.4M$56.0M