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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Gain on sale of loans    
Gain on sale of loans excluding fair value of MSRs, net $ 265,003 $ 687,170
Fair value of originated MSRs 204,560 796,616
Gain on sale of loans, net 469,563 1,483,786
Loan servicing (loss) income    
Servicing fee income 366,385 366,214
Change in fair value of MSRs (398,279) 454,380
Loan servicing (loss) income, net (31,894) 820,594
Interest income    
Interest income 66,744 90,540
Interest expense on funding facilities (29,060) (41,696)
Interest income, net 37,684 48,844
Other income 190,715 317,372
Total revenue, net 666,068 2,670,596
Expenses    
Salaries, commissions and team member benefits 603,775 853,915
General and administrative expenses 195,390 275,857
Marketing and advertising expenses 181,604 328,058
Depreciation and amortization 30,685 21,042
Interest and amortization expense on non-funding debt 38,333 38,664
Other expenses 32,268 90,603
Total expenses 1,082,055 1,608,139
(Loss) income before income taxes (415,987) 1,062,457
Benefit from (provision for) income taxes 4,504 (25,849)
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
(Loss) earnings per share of Class A common stock    
Basic (in dollars per share) $ (0.15) $ 0.44
Diluted (in dollars per share) $ (0.16) $ 0.40
Weighted average shares outstanding    
Basic (in shares) 124,732,722 122,691,728
Diluted (in shares) 1,974,629,808 1,975,379,132
Comprehensive income (loss)    
Net (loss) income $ (411,483) $ 1,036,608
Cumulative translation adjustment 7 588
Unrealized loss on investment securities (1,589) (1,495)
Comprehensive (loss) income (413,065) 1,035,701
Comprehensive loss (income) attributable to non-controlling interest 394,441 (982,049)
Comprehensive (loss) income attributable to Rocket Companies $ (18,624) $ 53,652