The company's financial profile has shifted toward higher leverage, with total debt increasing from $9.6 billion in 2023Q4 to $31.7 billion in 2026Q1, while goodwill ballooned to $10.6 billion over the same period.
| Total Current Assets | 4.31B | 4.74B | 2.06B | 1.78B | 1.35B | 4.74B | 8.25B | 2.55B | 1.91B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | -66.6M | 0 | -137K | 0 | -3.7M | 0 |
| Total Non-Current Assets | 55.13B | 13.1B | 22.45B | 17.45B | 18.73B | 28.04B | 29.28B | 17.57B | 9.64B |
| Property, Plant & Equipment | 273M | 260M | 495.62M | 598.55M | 640.38M | 682.27M | 449.71M | 455.37M | 202.56M |
| Fixed Asset Turnover | 23.43x | 26.46x | 10.90x | 6.69x | 9.38x | 19.31x | 35.35x | 11.43x | 21.27x |
| Goodwill | 10.61B | 10.61B | 1.23B | 1.24B | 1.26B | 1.3B | 47.23M | 40.26M | 46.98M |
| Intangible Assets | 2.11B | 2.22B | 7.63B | 6.44B | 6.95B | 5.39B | 2.86B | 2.87B | 3.18B |
| Long-Term Investments | 24.28B | 0 | 9.52B | 6.9B | 7.5B | 19.92B | 24.78B | 13.99B | 6.03B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - |
| Total Assets | 59.44B | 60.69B | 24.51B | 19.23B | 20.08B | 32.77B | 37.53B | 20.08B | 11.55B |
| Asset Turnover | 0.18x | 0.11x | 0.22x | 0.21x | 0.30x | 0.40x | 0.42x | 0.26x | 0.37x |
| Asset Growth % | 345.04% | 147.59% | 27.45% | -4.23% | -38.73% | -12.68% | 86.95% | 73.78% | - |
| Total Current Liabilities | 0 | 285M | 9.08B | 4.81B | 5.19B | 11.75B | 20.58B | 10.6B | 4.33B |
| Accounts Payable | 0 | 285M | 181.71M | 171.35M | 116.33M | 271.54M | 251.96M | 157.4M | 92.68M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 8.89B | 4.63B | 5.07B | 11.48B | 20.33B | 10.44B | 4.24B |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | 16.62x | 0.23x | 0.37x | 0.26x | 0.40x | 0.40x | 0.24x | 0.44x |
| Quick Ratio | - | 16.62x | 0.23x | 0.37x | 0.26x | 0.40x | 0.40x | 0.24x | 0.44x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 36.21B | 37.5B | 6.39B | 6.12B | 6.42B | 11.26B | 9.07B | 6.01B | 4.44B |
| Long-Term Debt | 31.68B | 0 | 4.76B | 4.53B | 4.85B | 9.22B | 7.05B | 5.2B | 3.87B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 36.21B | 37.79B | 15.47B | 10.93B | 11.61B | 23.02B | 29.65B | 16.57B | 8.77B |
| Total Debt | 31.68B | 0 | 13.98B | 9.56B | 10.35B | 21.18B | 27.65B | 15.96B | 8.11B |
| Net Debt | 28.99B | -2.7B | 12.7B | 8.45B | 9.63B | 19.05B | 25.68B | 14.56B | 7.06B |
| Debt / Equity | 1.36x | - | 1.55x | 1.15x | 1.22x | 2.17x | 3.51x | 4.56x | 2.92x |
| Debt / EBITDA | 18.31x | - | 17.90x | - | 12.38x | 3.38x | 2.88x | 16.29x | 11.67x |
| Net Debt / EBITDA | 16.76x | -3.03x | 16.27x | - | 11.52x | 3.04x | 2.67x | 14.87x | 10.16x |
| Interest Coverage | 1.25x | 0.74x | 1.42x | -1.12x | 2.32x | 12.57x | 22.07x | 3.33x | 2.70x |
| Total Equity | 23.23B | 22.9B | 9.04B | 8.3B | 8.48B | 9.76B | 7.88B | 3.5B | 2.78B |
| Equity Growth % | 314.32% | 153.2% | 8.93% | -2.05% | -13.16% | 23.82% | 125.02% | 25.96% | - |
| Book Value per Share | 8.16 | 9.25 | 4.40 | 4.19 | 4.30 | 4.91 | 67.81 | 34.61 | 27.48 |
| Total Shareholders' Equity | 23.23B | 22.9B | 702.5M | 624.9M | 576.7M | 665.66M | 490.5M | 3.5B | 2.77B |
| Common Stock | 0 | 0 | 20K | 20K | 20K | 20K | 20K | 3.51B | 2.78B |
| Retained Earnings | 421M | 124M | 312.83M | 284.3M | 300.39M | 378M | 207.42M | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -48K | 52K | 69K | 81K | 317K | -151K | -868K |
| Minority Interest | 0 | 0 | 8.34B | 7.68B | 7.9B | 9.09B | 7.39B | 5.01M | 6.17M |
Cyclical mortgage volume sensitivity
As reported in financial statements, Rocket Companies' total assets surged from $19.2 billion in 2023Q4 to $59.4 billion by 2026Q1, reflecting a significant expansion in the balance sheet that appears driven by fluctuating mortgage servicing rights and shifting capital requirements within the broader housing market environment.
The rapid growth in total assets suggests a scaling of the mortgage servicing portfolio, yet this expansion introduces heightened sensitivity to interest rate fluctuations. Investors should monitor whether this asset growth represents sustainable value creation or merely a temporary inflation of the balance sheet due to mark-to-market accounting adjustments.
Based on reported figures, the company's total debt climbed from $9.6 billion in 2023Q4 to $31.7 billion in 2026Q1, indicating a substantial increase in leverage that warrants close scrutiny regarding the company's ability to manage interest-bearing obligations during periods of constrained mortgage origination volume and market uncertainty.
The rise in debt levels suggests a reliance on external financing to support the servicing portfolio and operational liquidity needs. This leverage profile may limit financial flexibility, particularly if the cost of capital remains elevated or if the company faces unexpected liquidity demands within its mortgage-backed asset structure.
According to recent SEC filings, goodwill has expanded significantly from $1.2 billion in 2024Q1 to $10.6 billion by 2026Q1, signaling a shift toward an acquisition-heavy strategy that may expose the company to future impairment risks if the underlying business segments fail to meet long-term performance expectations.
The concentration of goodwill suggests that a large portion of the asset base is tied to intangible value from past acquisitions rather than tangible capital. This composition implies that the company's book value may be sensitive to management's assumptions regarding the future profitability of its integrated fintech and mortgage ecosystem.
As indicated by the provided data, the company's cash position fluctuated from $861.4 million in 2024Q1 to $2.7 billion in 2026Q1, providing a necessary buffer against the inherent volatility of the mortgage industry, though current ratios remain inconsistent across the observed periods, suggesting variable short-term liquidity management.
While the cash balance appears substantial, the erratic nature of the current ratio suggests that liquidity is highly dependent on the timing of mortgage originations and servicing cash flows. Investors should monitor whether this cash position is sufficient to sustain operations during prolonged downturns in the housing market.
Based on the provided data, equity levels have experienced extreme swings, dropping to $584 million in 2025Q1 before rebounding to $23.2 billion in 2026Q1, which suggests that headline equity figures may be heavily distorted by non-cash accounting adjustments and the complex nature of the company's Up-C organizational structure.
The volatility in equity suggests that shareholders should look past the reported book value to understand the underlying economic capital. The presence of multiple share classes and potential dilution from stock-based compensation may further complicate the assessment of true equity value for common shareholders.
Quick answers to the most common questions about buying RKT stock.
As of 2025, Rocket Companies, Inc. (RKT) had total assets of $60.69B including $4.74B in current assets.
Rocket Companies, Inc. (RKT) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rocket Companies, Inc. (RKT) has total shareholders' equity (book value) of $22.90B ($9.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rocket Companies, Inc. (RKT) reported a current ratio of 16.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.