{
  "url": "https://struct.news/briefs/rockets-230m-profit-came-with-31b-of-cash-and-28b-diluted-shares",
  "title": "Rocket's $230M profit came with $3.1B of cash and 2.8B diluted shares",
  "summary": "Diluted shares rose 1,559% in Rocket's latest three months, even as net income reached $230 million.",
  "published_at": "2026-08-07T11:35:36.933393+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Rocket Companies, Inc.",
    "ticker": "RKT",
    "cik": "1628280",
    "sector": "Financial Services",
    "industry": "Mortgage Finance"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-07",
    "accession": "0001628280-26-054577",
    "url": "https://www.sec.gov/Archives/edgar/data/1805284/000162828026054577/rkt-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-08",
    "url": "https://www.sec.gov/Archives/edgar/data/1805284/000180528425000088/rkt-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "Rocket's latest close",
      "label": "Last close",
      "value": 13.24,
      "display": "$13.24",
      "unit": "usd_per_share",
      "period": "2026-08-06",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-06"
      }
    },
    {
      "group": "Rocket's latest close",
      "label": "One-day move",
      "value": -4.438830747022737,
      "display": "-4.4%",
      "unit": "percent",
      "period": "2026-08-06",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-06"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Rocket reports higher interest expense from 2025 senior notes and greater use of mortgage loan funding facilities tied to higher origination volume.",
      "importance": "medium",
      "evidence": "Interest expense increased due to the senior notes issued and assumed in 2025, as well as increased utilization of mortgage loan funding facilities associated with higher origination volume.",
      "source_date": "2026-08-07"
    },
    {
      "type": "demand",
      "statement": "Rocket attributes higher salaries, commissions, and team benefits partly to variable compensation driven by higher origination volume and additional acquisition-related staff.",
      "importance": "medium",
      "evidence": "Salaries, commissions and team member benefits were $1.1 billion, an increase of $427 million, or 69%, compared to $623 million, primarily due to increased variable compensation driven by higher origination volume, as well as expenses associated with additional team members from the Acquisitions.",
      "source_date": "2026-08-07"
    }
  ],
  "related_tickers": [
    "RKT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}