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Rocket Companies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.9B in Q3 2026 · $1.2B over twelve months

Operating cash flow$1.9B
Capital spending−$43.0M
Free cash flow+$1.9B
Cash / net income2.7×

Analysis

In Q3 2026, Rocket Companies generated $1.9B of operating cash flow and spent $43.0M on capital projects, leaving free cash flow of $1.9B. That is $1.9B more than in Q3 2025 (−$70.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.3B; the largest uses were other financing ($3.0B), acquisitions ($2.2B), taxes on employees’ shares ($164M); besides operations, cash came from other investing ($1.1B), net borrowing (+) / repaid (−) ($214M); the cash balance fell by $2.9B.

Operating cash flow was $1.9B against net income of $709M — 2.7× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$455M, prepaid and other assets −$248M, deferred taxes +$231M.

Free cash flow

Rocket Companies: free cash flow by quarterRocket Companies: free cash flow by quarter$1.8BQ4 2024−$810MQ1 2025−$1.9BQ2 2025−$70.0MQ3 2025−$1.3BQ4 2025$1.8BQ1 2026−$1.2BQ2 2026$1.9BQ3 2026
Operating cash flow less capital spending.
Rocket Companies: operating cash flow against capital spendingRocket Companies: operating cash flow against capital spendingOperating cash flowCapital spending$1.8B$19.2MQ4 2024−$796M$14.0MQ1 2025−$1.9B$16.0MQ2 2025−$49.0M$21.0MQ3 2025−$1.2B$40.0MQ4 2025$1.9B$43.0MQ1 2026−$1.2B$34.0MQ2 2026$1.9B$43.0MQ3 2026
Latest (Q3 2026): Operating cash flow $1.9B, Capital spending $43.0M.

Capital allocation, year by year

Rocket Companies: where the cash came from (up) and went (down), by fiscal yearRocket Companies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $7.7BFY2021: Net borrowing $677MFY2021: Shares issued $42.0MFY2021: Capital spending −$118MFY2021: Acquisitions −$1.2BFY2021: Buybacks −$232M$8.5BFY2021FY2022: Operating cash flow $10.8BFY2022: Net borrowing −$74.3MFY2022: Shares issued $37.8MFY2022: Capital spending −$93.1MFY2022: Buybacks −$178M$10.9BFY2022FY2023: Operating cash flow $111MFY2023: Shares issued $25.0MFY2023: Capital spending −$60.0M$136MFY2023FY2024: Operating cash flow −$2.6BFY2024: Net borrowing −$2.0MFY2024: Shares issued $41.0MFY2024: Capital spending −$68.0M$41.0MFY2024FY2025: Operating cash flow −$3.9BFY2025: Net borrowing $3.6BFY2025: Shares issued $55.0MFY2025: Capital spending −$91.0MFY2025: Acquisitions −$2.3B$3.6BFY2025
Over these 5 years operating cash flow totalled $12.1B; the largest uses were operating cash flow ($6.6B) and acquisitions ($3.6B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.7B
Debt$10.7B
Net debt$8.0B

Rocket Companies funds itself: free cash flow was $1.2B over the last twelve months, and $2.7B of cash and investments stands against $10.7B of debt.

Where the cash came from and went

Rocket Companies: sources (+) and uses (−) of cash, Q3 2026Rocket Companies: sources (+) and uses (−) of cash, Q3 2026Other financing−$2.5BOperating cash flow$1.9BCash drawn (+) / kept (−)$457MOther investing$298MNet borrowing (+) / repaid (−)−$62.0MCapital spending−$43.0MTaxes on employees’ shares−$39.0MShares issued$13.0MExchange rates−$9.0M
Rocket Companies: sources (+) and uses (−) of cash, TTM to Q3 2026Rocket Companies: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing−$3.0BCash drawn (+) / kept (−)$2.9BAcquisitions−$2.2BOperating cash flow$1.3BOther investing$1.1BNet borrowing (+) / repaid (−)$214MTaxes on employees’ shares−$164MCapital spending−$160MShares issued$63.0MExchange rates−$8.0M

From profit to cash

Rocket Companies: net income to operating cash flow, Q3 2026Rocket Companies: net income to operating cash flow, Q3 2026Net income$709MDepreciation & amortization$147MStock-based pay$82.0MDeferred taxes$231MPayables−$33.0MPrepaid and other assets−$248MOther liabilities$455MOperating cash flow$1.9B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$1.9B−$43.0M—−$62.0M$13.0M$457M$1.9B
Q2 2026−$1.2B−$34.0M——$15.0M−$421M−$1.2B
Q1 2026$1.9B−$43.0M——$19.0M−$41.0M$1.8B
Q4 2025−$1.2B−$40.0M−$2.2B−$74.0M$16.0M$2.9B−$1.3B
Q3 2025−$49.0M−$21.0M——$22.0M−$744M−$70.0M
Q2 2025−$1.9B−$16.0M——$9.0M−$3.7B−$1.9B
Q1 2025−$796M−$14.0M—−$29.0M$8.0M−$140M−$810M
Q4 2024$1.8B−$19.2M—−$2.0M$7.7M−$40.2M$1.8B

Rocket Companies: income statement and cash flow

Rocket Companies, Q3 2026: revenue $3.3B (+94% year over year), operating margin 29.2%. The chart follows the revenue to costs, profit and cash.

Rocket Companies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.