Nancy Tellem
On May 20, 2025, Rocket Companies, Inc. (the "Company") received notice from Nancy Tellem of her decision not to stand for re-election as a Class II director at the Company's annual stockholder meeting.
Highest-materiality recent filing
Rocket Companies announces $1.2B senior notes offering to refinance 2026 notes
Offering of $600M senior notes due 2031 and $600M senior notes due 2034.
Rocket Companies Q1 revenue $2.94B, net income $297M; adjusted revenue above guidance high end
GAAP net income $297M vs. loss of $212M in Q1 2025; diluted EPS $0.10.
Rocket Companies Q4 adjusted revenue $2.44B above guidance; appoints CFO Brown as President
Q4 total revenue net $2.69B, adjusted revenue $2.44B above guidance; GAAP net income $68M, EPS $0.02.
Rocket Companies pre-announces highest Q4 net rate lock volume and margin since 2021
CEO Varun Krishna stated on CNBC that Q4 2025 net rate lock volume and gain on sale margin are expected to be highest since Q4 2021.
Rocket Companies Q3 adjusted revenue $1.78B above guidance; GAAP net loss narrows to $124M
Total revenue net $1.61B, adjusted revenue $1.78B (above high end of guidance range).
Rocket Companies closes Mr. Cooper acquisition; issues 705M shares; pro forma filed
On Oct 1, 2025, Rocket closed its acquisition of Mr. Cooper, issuing 705,205,413 shares of Class A common stock at 11.00x per share.
Rocket completes acquisition of Mr. Cooper; issues $1.69B new notes; appoints Bray and Krishna
Mr. Cooper shareholders receive 11.00 Rocket shares per share; merger effective Oct 1, 2025.
Rocket extends tender and exchange offers for Nationstar notes to Sept 30, 2025
Tender offer for 5.125% 2030 notes ($650M outstanding) extended to Sept 30; $574M (88.33%) tendered.
President Bill Emerson to retire effective Dec 31, 2025; remains as director
Bill Emerson will retire as President of Rocket Companies effective December 31, 2025.
Rocket Companies early tender results: 88-98% of Nationstar notes tendered for Mr. Cooper deal
Rocket tendered 88.33% of $650M 5.125% 2030 notes and 89.13% of $600M 5.75% 2031 notes at $1,012.50/$1,000.
Rocket files Redfin financials: Q2 revenue $280M, net loss $38M, restructuring costs $24M
Redfin Q2 2025 revenue $280.5M (down 5% YoY); net loss $38.4M, worsening from $28.1M loss in Q2 2024.
Rocket launches tender/exchange offers for $3.0B of Nationstar notes tied to Mr. Cooper acquisition
Cash tender offers for $650M 5.125%/'30 and $600M 5.75%/'31 notes at $1,012.50/$1,000 (incl. $50 early tender).
Rocket Q2 adjusted revenue $1.34B beats guidance; GAAP net income $34M
Adjusted revenue $1.34B above guidance high-end; GAAP revenue net $1.36B.
Rocket completes Up-C collapse and Redfin acquisition; files pro forma for deals
Up-C Collapse completed June 30; eliminated four-class structure into two classes of common stock.
Completed acquisition of Redfin on July 1, 2025; each Redfin share exchanged for 0.7926 shares of Rocket common stock.
Rocket closes $4B senior notes offering to finance Redfin and Mr. Cooper acquisitions
Issued $2.0B of 6.125% notes due 2030 and $2.0B of 6.375% notes due 2033.
Rocket Companies prices $4B in senior notes (6.125%/6.375%) to fund Mr. Cooper debt redemption
$2.0B of 6.125% senior notes due 2030 and $2.0B of 6.375% senior notes due 2033 priced.
Rocket Companies Q1 GAAP net loss of $212M, adjusted revenue $1.3B at high end of guidance
GAAP net loss of $212M ($0.08 diluted loss per share) vs net income of $291M in Q1'24.
Rocket Companies enters $1.15B credit facility, expandable to $2.25B upon Mr. Cooper deal close
New $1.15B revolving credit agreement matures July 3, 2028; commitment can increase to $2.25B on closing of Mr. Cooper acquisition.
Rocket acquires Mr. Cooper for $9.4B in all-stock deal; synergies ~$500M
Rocket issues 11.0 shares of its Class A common stock per Mr. Cooper share; Mr. Cooper pays $2.00 special dividend pre-close.
Rocket Companies to collapse Up-C structure, pay $0.80 special dividend, simplify capital
Special cash dividend of $0.80 per Class A share, payable April 3, 2025 to holders of record March 20, 2025.
Rocket Companies to acquire Redfin in all-stock deal valued at $1.75B
Exchange ratio of 0.7926 Rocket shares per Redfin share; 63% premium over 30-day VWAP.
Rocket Companies Q4 revenue $1.8B, GAAP EPS $0.23; full-year adj. revenue up 30% to $4.9B
Q4 GAAP net income $649M vs $(233)M loss year ago; diluted EPS $0.23 vs $(0.09).
Rocket Mortgage ups repurchase facility with Morgan Stanley to $1.5B, extends maturity
Facility amount increased from $1.0B to $1.5B; expiration extended from May 6, 2026 to Dec 23, 2026.
MRA Amendment extends Citibank repurchase agreement expiration from Nov 6, 2025 to Dec 10, 2026.
Rocket Companies extends UBS repurchase facility to Nov 2026, total funding capacity rises to $27B
Extended maturity of UBS Master Repurchase Agreement to Nov 24, 2026.
Rocket Companies Q3 adjusted revenue $1.323B beats guidance; GAAP net loss $481M
Total revenue $647M; adjusted revenue $1.323B, up 32% YoY and above guidance high end.
Rocket Companies secures $1.0B new Wells facility, expands BofA line to $2.5B
New $1.0B master repurchase agreement with Wells Fargo Bank, maturing October 2, 2026.
Rocket Companies Q2 adjusted revenue $1.228B beat guidance; net income $178M vs $139M YoY
Total revenue net $1.301B (+5.3% YoY); adjusted revenue $1.228B exceeded high end of guidance range.
Rocket Companies Q1 net income $291M vs loss; revenue $1.38B, adjusted EBITDA $174M
GAAP net income of $291M ($0.11 diluted EPS) vs loss of $411M ($0.16 loss per share) in Q1 2023.
Rocket Q4 net revenue $694M (+44% YoY), adjusted EBITDA $55M; revenue beat guidance
Q4 net revenue $694M, adjusted revenue $885M exceeding guidance; net loss GAAP $233M ($0.09/share).
On May 20, 2025, Rocket Companies, Inc. (the "Company") received notice from Nancy Tellem of her decision not to stand for re-election as a Class II director at the Company's annual stockholder meeting.
As previously announced on June 26, 2024, Rocket Companies, Inc. (the “Company”) has appointed Heather Lovier as the Company’s Chief Operating Officer, effective June 20, 2024.
On June 20, 2024, the Board of Directors (the “Board”) of Rocket Companies, Inc. (the “Company”) appointed Heather Lovier as the Company’s Chief Operating Officer.
Mrs. Lovier replaces Bill Emerson, who will continue as the Company’s President.
On March 25, 2024, Rocket Companies, Inc. (the “Company”) appointed Noah Edwards as the Company’s Chief Accounting Officer.
voted to expand the Board from eight directors to nine directors and to fill the newly created vacancy on the Board by appointing Alastair Rampell to serve as a Class II director, effective February 1, 2024
voted to expand the Board from seven directors to eight directors and to fill the newly created vacancy on the Board by appointing Varun Krishna, the Company’s Chief Executive Officer, to serve as a Class III director
Mr. Emerson will replace Bob Walters, who has notified the Company of his intent to retire from his roles at the Company, effective on the Transition Effective Date.
Mr. Krishna will replace Bill Emerson, who will cease to be the Company’s interim Chief Executive Officer and who will become the Company’s President and Chief Operating Officer on the Transition Effective Date.
On July 28, 2023, the Board of Directors of the Company appointed Varun Krishna as Chief Executive Officer, effective September 5, 2023 (the “Transition Effective Date”).
As previously announced on February 13, 2023, Rocket Companies, Inc. (the “Company”) has appointed Bill Emerson as the Company’s Interim Chief Executive Officer, effective June 1, 2023.
his intent to retire as Chief Executive Officer of the Company, effective June 1, 2023
Max materiality 0.90 · Median 0.60 · Most common event debt