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Rocket Companies RKT Partner Network — Expense, Directly Attributable To Adjusted Revenue

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Other financials

Income statement

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Revenue$2.9B+167%
Net income$297.0M+3,070%
EPS (diluted)$0.10+225%

Balance sheet

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Cash & equivalents$3.0B+108%
Total debt$10.4B+3,260%
Total equity$23.2B+171%
Total assets$59.4B+135%

Cash flow

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Operating cash flow$1.9B+333%
CapEx$43.0M+207%
Free cash flow$1.8B+324%

Valuation

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Market cap$42.44B+1,776%
Enterprise value$49.9B-2,052%
P/E263×+220×
P/S4.9×+4.5×

Profitability

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Net margin-1.8%-2.4pp
FCF margin-16.2%

Returns & leverage

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Return on equity-1.2%-1.5pp
Debt / equity0.4×+0.4×

Where this comes from

Reported directly by Rocket Companies in its filing.

Tagged under the XBRL concept rkt:ExpenseDirectlyAttributableToAdjustedRevenue.

The official record: Rocket Companies’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rocket Companies's partner network — expense, directly attributable to adjusted revenue?
Rocket Companies (RKT) reported partner network — expense, directly attributable to adjusted revenue of $156M in Q1 2026.
How has Rocket Companies's partner network — expense, directly attributable to adjusted revenue changed year-over-year?
Rocket Companies's partner network — expense, directly attributable to adjusted revenue increased by 81.4% year-over-year, from $86M to $156M.
What is the long-term trend for Rocket Companies's partner network — expense, directly attributable to adjusted revenue?
Over 4 years (2021 to 2025), Rocket Companies's partner network — expense, directly attributable to adjusted revenue has grown at a -18.0% compound annual growth rate (CAGR), from $686.3M to $311M.
What does partner network — expense, directly attributable to adjusted revenue mean?
This metric measures the variable costs directly linked to generating revenue within the Partner Network segment, such as loan processing fees, commissions, and marketing spend tied to partner-originated volume. It provides a clear view of the direct cost of sales required to acquire and service loans through third-party brokers. Investors use this to evaluate the variable cost efficiency and profitability of the partner-led business model.