Rocket Companies (RKT) Operating Expenses (2019 - 2026)
Rocket Companies (RKT) posted Operating Expenses of $2.5 billion for Q1 2026, up 0.71% sequentially from $2.5 billion in Q4 2025, and up 91.92% YoY from $1.3 billion in Q1 2025.
Rocket Companies (RKT) Operating Expenses (2019 - 2026) Analysis & Trends
Rocket Companies has reported Operating Expenses for 8 years, with the latest figure at $2.5 billion in Q1 2026.
- Quarterly Operating Expenses rose 91.92% year-over-year to $2.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.2 billion (up 75.3% YoY) and the FY2025 annual result came in at $6.9 billion, up 55.85% from the prior year.
- Operating Expenses rose to $2.5 billion in Q1 2026 per RKT's latest filing, from $2.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.5 billion in Q1 2026 and troughed at $936.5 million in Q4 2023.
- A 5-year average of $1.4 billion and a median of $1.1 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 43.24% in 2022, then jumped 130.49% in 2025.
- Over 5 years, Operating Expenses stood at $986.2 million in 2022, then fell by 5.04% to $936.5 million in 2023, then advanced by 16.89% to $1.1 billion in 2024, then soared by 130.49% to $2.5 billion in 2025, then advanced by 0.71% to $2.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.5 billion, $2.5 billion, and $1.8 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.72 Bn | 36.62 Bn | - | 2.50 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.73 Bn | 36.73 Bn | - | 2.07 Bn |
| 3 | Federal Home Loan Mortgage | 18.30 Bn | 13.98 Bn | - | 2.10 Bn |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 465.44 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.46 Bn | - | - |
| 6 | Walker & Dunlop | 1.33 Bn | 1.17 Bn | - | 304.62 Mn |
| 7 | Velocity Financial | 711.66 Mn | -6.74 Bn | - | 59.75 Mn |
| 8 | UWM Holdings | 484.35 Mn | -14.06 Mn | - | 635.05 Mn |
| 9 | Onity | 302.41 Mn | 106.11 Mn | - | 139.00 Mn |
| 10 | loanDepot | 207.65 Mn | -103.49 Mn | - | 343.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.50 Bn |
| Mar 31, 2026 | 2.54 Bn |
| Dec 31, 2025 | 2.52 Bn |
| Sep 30, 2025 | 1.79 Bn |
| Jun 30, 2025 | 1.34 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Jun 30, 2024 | 1.11 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 936.55 Mn |
| Sep 30, 2023 | 1.09 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 986.21 Mn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.31 Bn |
| Mar 31, 2022 | 1.61 Bn |
| Dec 31, 2021 | 1.74 Bn |
| Sep 30, 2021 | 1.69 Bn |