For the year ending 2025-12-31, RKT had $1,645,000K increase in cash & cash equivalents over the period. -$4,018,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net (loss) income | -234,000 | 635,828 | -390,080 | 699,933 |
| Depreciation and amortization | 290,000 | 112,917 | 110,271 | 94,020 |
| Provision for (benefit from) deferred income taxes | 12,000 | 29,352 | -17,781 | 36,174 |
| Loss on extinguishment of senior notes | - | - | 0 | 0 |
| Origination of msrs | 1,721,000 | 1,330,216 | 1,092,332 | 1,970,647 |
| Change in fair value of msrs | 1,664,000 | 584,387 | 678,672 | -259,647 |
| Gain on sale of loans excluding fair value of msrs, net | 2,086,000 | 1,682,697 | 973,960 | 1,166,770 |
| Disbursements of mortgage loans held for sale | 129,070,000 | 100,480,868 | 78,280,730 | 134,326,580 |
| Proceeds from sale of loans held for sale | 127,523,000 | 99,491,927 | 80,232,343 | 147,980,499 |
| Disbursements of non-mortgage loans held for sale | 1,109,000 | 280,655 | 163,018 | - |
| Change in fair value of non-mortgage loans held for sale | 5,000 | 12,136 | - | - |
| Share-based compensation expense | 343,000 | 145,483 | 180,134 | 216,001 |
| Due from affiliates | - | -5,285 | 8,734 | 1,043 |
| Other operating activities | -46,000 | - | - | - |
| Other assets | -881,000 | -14,012 | 62,804 | -22,758 |
| Net purchase of msrs | - | - | - | 14,640 |
| Accounts payable | -33,000 | 10,363 | 55,018 | -155,213 |
| Net decrease in notes receivable from affiliates | - | - | - | 0 |
| Due to affiliates | - | 2,024 | -2,641 | -907 |
| Decrease in mortgage loans held for investment | - | 11,755 | 9,803 | 12,534 |
| Premium recapture and indemnification losses paid | - | - | - | -26,881 |
| Advance receivables, net | 436,000 | - | - | - |
| Purchases of investment securities, available for sale | - | 0 | 5,472 | - |
| Other liabilities | 90,000 | 101,483 | -154,029 | -318,202 |
| Sales of investment securities, available for sale | - | 0 | 6,479 | - |
| Total adjustments | -3,693,000 | -3,265,067 | 500,409 | 10,123,562 |
| Net decrease in investment securities, held to maturity | - | 0 | 0 | 2,055 |
| Net cash (used in) provided by operating activities | -3,927,000 | -2,629,239 | 110,329 | 10,823,495 |
| Acquisition of business, net of cash acquired | 2,323,000 | - | 0 | 0 |
| Proceeds from sale of msrs | 430,000 | 297,884 | 1,011,897 | 671,917 |
| Net purchase of msrs | 550,000 | 737,603 | 101,218 | - |
| Purchase and other additions of property and equipment, net of disposals | 91,000 | 67,509 | 60,336 | 93,124 |
| Other investing activities | -2,000 | - | - | - |
| Net cash (used in) provided by investing activities | -2,532,000 | -495,473 | 861,153 | 578,742 |
| Net payments on funding facilities | - | - | 181,316 | 9,202,893 |
| Net borrowings (payments) on funding facilities | 4,835,000 | 3,340,803 | - | - |
| Net payments on msr and advance facilities | 319,000 | 0 | 0 | 75,000 |
| Borrowings on senior notes | 4,000,000 | - | 0 | 0 |
| Repayments of senior notes | 74,000 | - | 0 | 0 |
| Net payments on early buy out facility | - | 110,259 | 469,674 | 1,223,902 |
| Payment of debt issuance costs | 46,000 | - | - | - |
| Net borrowings on notes payable from unconsolidated affiliates | - | - | 184 | 720 |
| Net payments on notes payable from unconsolidated affiliates | -29,000 | -1,750 | - | - |
| Proceeds from consolidated cfe | 27,000 | 92,650 | 0 | 0 |
| Issuance of class d shares to rhi | - | - | - | 0 |
| Proceeds from class a shares issued prior to offering | - | - | - | 0 |
| Proceeds received from ipo, net of cost | - | - | - | 0 |
| Proceeds received from greenshoe option | - | - | - | 0 |
| Use of proceeds to purchase class d shares and holding units from rhi | - | - | - | 0 |
| Stock issuance | 55,000 | 40,603 | 24,878 | 37,760 |
| Share repurchase | - | 0 | 0 | 177,700 |
| Taxes withheld on team members' restricted share award vesting | 105,000 | 64,695 | 47,551 | 43,748 |
| Distributions to other unit holders (members) and class a shareholders | - | - | - | 2,139,023 |
| Increase in controlling interest in subsidiaries | 0 | 0 | 2,630 | - |
| Net transfers to parent | - | - | - | 0 |
| (distributions to) contributions from other unit holders (members) and class a shareholders | 241,000 | 18,787 | -52,551 | - |
| Net cash provided by (used in) financing activities | 8,103,000 | 3,278,565 | -623,558 | -12,823,786 |
| Effects of exchange rate changes on cash and cash equivalents | 1,000 | -1,364 | -191 | -949 |
| Net increase in cash and cash equivalents and restricted cash | 1,645,000 | 152,489 | 347,733 | -1,422,498 |
| Cash and cash equivalents and restricted cash, beginning of period | 1,289,000 | 1,136,832 | 789,099 | 2,211,597 |
| Cash and cash equivalents and restricted cash, end of period | 2,934,000 | 1,289,321 | 1,136,832 | 789,099 |
Rocket Companies, Inc. (RKT)
Rocket Companies, Inc. (RKT)