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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gain on sale of loans:      
Gain on sale of loans excluding fair value of MSRs, net $ 973,960 $ 1,166,770 $ 6,604,215
Fair value of originated MSRs 1,092,332 1,970,647 3,864,359
Gain on sale of loans, net 2,066,292 3,137,417 10,468,574
Loan servicing income:      
Servicing fee income 1,401,780 1,458,637 1,325,938
Change in fair value of MSRs (700,982) 185,036 (689,432)
Loan servicing income, net 700,798 1,643,673 636,506
Interest income:      
Interest income 327,448 350,591 430,086
Interest expense on funding facilities (206,588) (166,388) (261,146)
Interest income, net 120,860 184,203 168,940
Other income 911,319 873,200 1,640,446
Total revenue, net 3,799,269 5,838,493 12,914,466 Close
Expenses      
Salaries, commissions and team member benefits 2,257,291 2,797,868 3,356,815
General and administrative expenses 802,865 906,195 1,183,418
Marketing and advertising expenses 736,676 945,694 1,249,583
Depreciation and amortization 110,271 94,020 74,713
Interest and amortization expense on non-funding debt 153,386 153,596 230,740
Other expenses 141,677 199,209 634,296
Total expenses 4,202,166 5,096,582 6,729,565 Close
(Loss) income before income taxes (402,897) 741,911 6,184,901 Close
Benefit from (provision for) income taxes 12,817 (41,978) (112,738) Close
Total Other Income Expenses 12817.0 -41978.0 -112738.0 0 0 Close
Net (loss) income (390,080) 699,933 6,072,163 CloseClose
Net loss (income) attributable to non-controlling interest 374,566 (653,512) (5,763,953)
Net (loss) income attributable to Rocket Companies $ (15,514) $ 46,421 $ 308,210
(Loss) earnings per share of Class A common stock:      
Basic (in dollars per share) $ (0.12) $ 0.39 $ 2.36
Diluted (in dollars per share) $ (0.15) $ 0.28 $ 2.32
Weighted average shares outstanding:      
Basic (in shares) 128,641,762 120,577,548 130,578,206
Diluted (in shares) 1,980,523,690 1,971,620,573 1,989,433,567
Comprehensive income (loss):      
Net (loss) income $ (390,080) $ 699,933 $ 6,072,163
Cumulative translation adjustment (191) (950) (115)
Unrealized gain (loss) on investment securities 0 516 (5,550)
Comprehensive (loss) income (390,271) 699,499 6,066,498
Comprehensive loss (income) attributable to noncontrolling interest 374,744 (653,101) (5,758,675)
Comprehensive (loss) income attributable to Rocket Companies $ (15,527) $ 46,398 $ 307,823