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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently Rocket Companies operates and where it’s prioritizing investment for growth and sustainability.After several years of disciplined cost control, operating expenses suddenly spike in 2025—driven by payroll, D&A, interest on non‑funding debt and “other”—reflecting the Redfin/Mr. Cooper acquisitions, acquisition-related amortization, and a warehouse-interest reclassification management flagged on the call. Management says much of the near-term Q1 noise is one‑time or a presentation change and underlying expenses are materially lower; still, elevated amortization and interest imply parts of the cost base may be structurally higher even as AI-driven synergies should help restore margins over time.
Date | General and Administrative | Depreciation and Amortization | Other | Salaries, Commissions, and Benefits | Marketing and Advertising | Interest and Amortization on Non-Funding Debt |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $568.00M | $145.00M | $75.00M | $1.05B | $291.00M | $374.00M |
Mar 31, 2026 | $535.00M | $146.00M | $87.00M | $1.08B | $345.00M | $349.00M |
Dec 31, 2025 | $536.00M | $157.00M | $164.00M | $1.20B | $262.00M | $205.00M |
Sep 30, 2025 | $354.55M | $78.34M | $70.34M | $874.77M | $274.27M | $137.19M |
Jun 30, 2025 | $287.42M | $27.53M | $63.81M | $623.46M | $276.05M | $57.72M |
Mar 31, 2025 | $260.81M | $26.91M | $49.12M | $609.61M | $275.62M | $38.29M |
Dec 31, 2024 | $202.46M | $29.28M | $58.93M | $559.20M | $206.28M | $38.29M |
Sep 30, 2024 | $221.07M | $28.61M | $47.91M | $607.53M | $200.53M | $38.62M |
Jun 30, 2024 | $232.95M | $28.01M | $45.00M | $553.42M | $210.94M | $38.36M |
Mar 31, 2024 | $236.66M | $27.02M | $35.91M | $541.10M | $206.30M | $38.37M |