Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of the basic and diluted earnings per share for the period:


	Three Months Ended March 31,
	2023		2022
Net (loss) income	$	(411,483)	$	1,036,608
Net loss (income) attributable to non-controlling interest	392,960		(982,896)
Net (loss) income attributable to Rocket Companies	(18,523)		53,712
Add: Reallocation of Net income attributable to vested, undelivered stock awards	—		32
Net (loss) income attributable to common shareholders	$	(18,523)	$	53,744

Numerator:
Net (loss) income attributable to Class A common shareholders - basic	$	(18,523)	$	53,744
Add: Reallocation of net income attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1)	(295,767)		744,379
Add: Reallocation of net (loss) income attributable to dilutive impact of share-based compensation awards (2)	(163)		1,418
Net (loss) income attributable to Class A common shareholders - diluted	$	(314,453)	$	799,541
Denominator:
Weighted average shares of Class A common stock outstanding - basic	124,732,722		122,691,728
Add: Dilutive impact of conversion of Class D shares to Class A shares	1,848,879,483		1,848,879,483
Add: Dilutive impact of share-based compensation awards (3)	1,017,603		3,807,921
Weighted average shares of Class A common stock outstanding - diluted	1,974,629,808		1,975,379,132

(Loss) earnings per share of Class A common stock outstanding - basic	$	(0.15)	$	0.44
(Loss) earnings per share of Class A common stock outstanding - diluted	$	(0.16)	$	0.40

(1) Net (loss) income calculated using the estimated annual effective tax rate of Rocket Companies, Inc.

(2) Reallocation of net (loss) income attributable to dilutive impact of share-based compensation awards for the three months ended March 31, 2023 and 2022 comprised of $(155) and $1,356 related to restricted stock units and $(8) and $62 related to TMSPP, respectively.

(3) Dilutive impact of share-based compensation awards for the three months ended March 31, 2023 and 2022 comprised of 969,848 and 3,640,391 related to restricted stock units and 47,755 and 167,530 related to TMSPP, respectively.