# EDGAR Filing Document

**Accession Number:** 0001805284
**File Stem:** 0001104659-25-098766
**Filing Date:** 2025-10
**Character Count:** 116692
**Document Hash:** ae763487529dd48fcc212ac822669ad1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-098766.hdr.sgml**: 20251010

**ACCESSION NUMBER**: 0001104659-25-098766

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251001

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251010

**DATE AS OF CHANGE**: 20251010

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rocket Companies, Inc.
- **CENTRAL INDEX KEY:** 0001805284
- **STANDARD INDUSTRIAL CLASSIFICATION:** MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 844946470
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39432
- **FILM NUMBER:** 251388598

**BUSINESS ADDRESS:**
- **STREET 1:** 1050 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226
- **BUSINESS PHONE:** (800) 226-6308

**MAIL ADDRESS:**
- **STREET 1:** 1050 WOODWARD AVENUE
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48226

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549**

**FORM 8-K/A**

**(Amendment No. 1)**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Date of report (Date of earliest event reported) October 1, 2025

**Rocket Companies, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39432** | **84-4946470** |
| (State or other jurisdiction | (Commission | (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |

---

---

| |
|:---|
| **1050 Woodward Avenue**<br>**Detroit, MI 48226** |
| (Address of principal executive offices) (Zip Code) |
| **(313) 373-7990** |
| (Registrant's Telephone Number, Including Area Code) |
| (Former Name or Former Address, if Changed Since Last Report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which <br> registered** |
| Class A common stock, par value $0.00001 per share | RKT | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Explanatory Note**

On October 1, 2025, Rocket Companies, Inc. (the "Company") completed the previously announced acquisition of Mr. Cooper Group Inc. ("Mr. Cooper"), a Delaware corporation. Pursuant to the Agreement and Plan of Merger, dated as of March 31, 2025 (the "Merger Agreement"), by and among the Company, Mr. Cooper, Maverick Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Company ("Maverick Merger Sub"), and Maverick Merger Sub 2, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of the Company ("Forward Merger Sub"), Maverick Merger Sub merged with and into Mr. Cooper (the "Maverick Merger"), with Mr. Cooper surviving the Maverick Merger and continuing as a direct, wholly owned subsidiary of the Company and immediately following such Maverick Merger, Mr. Cooper merged with and into Forward Merger Sub, with Forward Merger Sub surviving such forward merger and continuing as a direct, wholly owned subsidiary of the Company (the "Forward Merger" and together with the Maverick Merger, the "Mergers"). As consideration for the Mergers, 705,205,413 shares of Rocket Class A common stock, par value $0.00001 were issued to the stockholders of Mr. Cooper.

This Current Report on Form 8-K/A amends the Original Form 8-K filed by the Company on October 1, 2025 (the "Original Form 8-K") to include the pro forma financial information of the Company required by Item 9.01(b). The Company had previously indicated in the Original Form 8-K that such pro forma information would be provided no later than 71 days from the date on which the Original Form 8-K was required to be filed.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Pro forma financial information.

The unaudited pro forma condensed combined balance sheet of the Company as of June 30, 2025 and the unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025 and for the year ended December 31, 2024, giving effect to the Mergers, are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm2528485d1_ex99-1.htm) | [Unaudited pro forma condensed combined financial statements of the Company.](tm2528485d1_ex99-1.htm) |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 10, 2025

---

| | |
|:---|:---|
| **ROCKET COMPANIES, INC.** | **ROCKET COMPANIES, INC.** |
| By: | /s/ Noah Edwards |
| Name: | Noah Edwards |
| Title: | Chief Accounting Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION** 

In the following unaudited pro forma condensed combined financial information and the accompanying notes, unless the context otherwise requires, references to "Rocket," "we," "us," "our" and the "Company" refer to Rocket Companies, Inc. and its consolidated subsidiaries. Additional terms used in the unaudited pro forma condensed combined financial information and the accompanying notes are defined throughout this section.

**Introduction**

The following unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X in order to give effect to the following transactions (collectively the "Transactions"):

&nbsp;&nbsp;&nbsp;&nbsp;· On June 30, 2025, Rocket Companies, Inc. ("Rocket")
completed the previously announced simplification of its organizational and capital structure pursuant to that certain Transaction Agreement,
dated as of March 9, 2025 (as amended on April 7, 2025, the "Transaction Agreement"). Pursuant to the Transaction Agreement,
on June 30, 2025, Rocket collapsed its "Up-C" structure, caused each class of common stock of Rocket to become entitled to
one vote per share, and reduced its classes of common stock from four to two (the "Up-C Collapse"). As part of the Up-C Collapse:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Rock Holdings Inc. ("RHI") contributed all assets and liabilities of RHI (other than its common
limited liability company interests (the "Holdings LLC Units") of Rocket, LLC ("Holdings LLC"), its shares of
Class D common stock, par value $0.00001 per share of Rocket ("Class D common stock") and equity interests in Rocket Community
Fund, Woodward Insurance Holdings LLC and Woodward Insurance LLC (such entities collectively the "Retained Entities")) to
RHI II (as defined below), and distributed the interests in RHI to the holders of voting common shares of RHI. Thereafter, RHI merged
with and into a wholly owned subsidiary of Rocket.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Rocket effected an internal reorganization pursuant to which the separate existence of Holdings LLC ceased
and Eclipse Merger Limited Partnership ("Holdings LP") continued as the surviving entity under the name "Rocket Limited
Partnership," and each issued and outstanding Holdings LLC Unit was exchanged for a number of fully paid and nonassessable partnership
units of Holdings LP ("Holdings LP Units").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Rocket amended its certificate of incorporation to authorize a new class of Class L common stock, par
value $0.00001 per share ("Class L common stock"). Each shareholder of RHI received a number of shares of Class L common stock
equal to (1) the number of shares of RHI ("RHI Shares") held by such RHI shareholder multiplied by (2) the ratio of the number
of shares of Class D common stock owned by RHI to the number of all outstanding RHI Shares, which was 56.54 shares of Class L common stock
per each RHI Share. Mr. Gilbert, in consideration for his Class D common stock and paired Holdings LP Units, received a number of newly
issued shares of Class L common stock equivalent to one share of Class L common stock for each share of Class D common stock held by Mr.
Gilbert. In connection with the above, on June 30, 2025, Rocket issued 1,848,879,455 shares of Class L common stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Rocket and RHI II, LLC ("RHI II") entered into an Indemnity Agreement, pursuant to which,
among other things, RHI II agreed to indemnify Rocket for RHI's liabilities that are not related to Rocket's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Exchange Agreement between Rocket, RHI, Mr. Gilbert, and Holdings LP was terminated, and certain information
and other rights were preserved through a separate letter agreement between Rocket and Mr. Gilbert.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Rock Acquisition Corporation Shareholders Agreement between RHI and its stockholders was terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Tax Receivable Agreement between Rocket, RHI and Mr. Gilbert (the "TRA") and the
Amended and Restated Limited Partnership Agreement of Holdings LP were each amended. Following this amendment, the TRA does not apply
to any exchanges, including for the avoidance of doubt, any Holdings LLC Units exchanged as part of the reorganization described above,
that occur on or following March 9, 2025. Additionally, RHI contributed its rights to receive payments under the TRA in respect of RHI's
prior exchanges to RHI II, LLC, a Michigan limited liability company and a direct wholly owned subsidiary of RHI ("RHI II"),
and RHI II completed a joinder, and became party, to the TRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Rocket paid a special cash dividend of $0.80 per share to holders of Class A common stock, par value $0.00001
per share ("Class A common stock") as of March 20, 2025 ("Special Dividend") on April 3, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;· On July 1, 2025, Rocket completed the previously
announced acquisition of Redfin Corporation ("Redfin"). Pursuant to the Agreement and Plan of Merger, dated as of March 9,
2025 (the "Redfin Merger Agreement"), by and among Rocket, Redfin, and Neptune Merger Sub, Inc., a wholly owned subsidiary
of Rocket ("Redfin Merger Sub"), Redfin Merger Sub merged with and into Redfin, with Redfin continuing as a direct wholly
owned subsidiary of Rocket (the "Redfin Merger"). At the effective time of the Redfin Merger, each outstanding share of Redfin
common stock, par value $0.001 per share (the "Redfin Shares") (other than shares held by (i) Redfin, including in treasury,
(ii) Rocket or (iii) Rocket's subsidiaries, including Redfin Merger Sub), was automatically converted into the right to receive
0.7926 shares of Rocket's Class A common stock, and the cash payable in lieu of fractional shares of the merger consideration, without
interest and subject to any applicable withholding taxes. In connection with the above on, July 1, 2025, Rocket issued 103,391,679 shares
of Class A common stock.

&nbsp;&nbsp;&nbsp;&nbsp;· On October 1, 2025 Rocket completed the previously
announced acquisition of Mr. Cooper Group Inc. ("Mr. Cooper"). Pursuant to the Agreement and Plan of Merger, dated as of March
31, 2025 (the "Mr. Cooper Merger Agreement"), by and among Rocket, Mr. Cooper, Maverick Merger Sub, Inc., a Delaware corporation
and a direct, wholly owned subsidiary of Rocket ("Maverick Merger Subsidiary"), and Maverick Merger Sub 2, LLC, a Delaware
limited liability company and a direct wholly owned subsidiary of Rocket ("Forward Merger Subsidiary"), Maverick Merger Subsidiary
merged with and into Mr. Cooper (the "Maverick Merger"), with Mr. Cooper surviving the Maverick Merger and continuing as a
direct, wholly owned subsidiary of Rocket and immediately following such Maverick Merger, in accordance with the Delaware General Corporation
Law and the Delaware Limited Liability Company Act, Mr. Cooper merged with and into Forward Merger Subsidiary (the "Forward Merger"
and, together with the Maverick Merger, the "Mr. Cooper Mergers"), with Forward Merger Subsidiary surviving the Forward Merger.
The Mr. Cooper Mergers together with the Redfin Merger are herein referred to as the "Mergers." At the effective time of the
Mr. Cooper Mergers, each outstanding share of Mr. Cooper common stock, par value $0.01 per share (other than Mr. Cooper common stock owned
directly or indirectly by Rocket, Mr. Cooper, Maverick Merger Subsidiary or Forward Merger Subsidiary immediately prior to the Maverick
Effective Time), was automatically converted into the right to receive 11.00 shares of Rocket's Class A common stock, and the cash
payable in lieu of fractional shares of the merger consideration, without interest and subject to any applicable withholding taxes. In
connection with the above, on October 1, 2025, Rocket issued 705,205,413 shares of Class A common stock.

&nbsp;&nbsp;&nbsp;&nbsp;· In connection with entering into the Mr. Cooper
Merger Agreement, Rocket entered into a commitment letter (the "Commitment Letter"), dated as of March 31, 2025, with JPMorgan
Chase Bank, N.A., which was subsequently amended and restated on April 22, 2025 to include certain additional <br> commitment parties (the "Commitment Parties"), pursuant to which,
on the terms and subject to the conditions set forth therein, the Commitment Parties committed to provide a 364-day senior unsecured bridge
term loan facility (the "Bridge Facility") in an aggregate principal amount of up to $4,950 million, subject to the terms
and conditions of the Commitment Letter. The commitment amount under the Commitment Letter was subsequently reduced to $950 million. The
commitment amount was reduced to zero and the Commitment Letter was terminated upon the completion of the Financing Transactions (as defined
herein).

&nbsp;&nbsp;&nbsp;&nbsp;· The Company did not draw on the Bridge Facility,
as it has incurred permanent financing in the form of $2,000 million of new senior unsecured notes due 2030 and $2,000 million of new
unsecured notes due 2033. Rocket used the proceeds from the notes to (i) redeem Mr. Cooper's 5.000% senior notes due 2026, 6.000%
senior notes due 2027 and 5.500% senior notes due 2028 at redemption prices equal to 100% of the principal amount of such notes, plus
accrued and unpaid interest to, but excluding, the redemption date (which was October 1, 2025), (ii) purchase for cash in a tender offer,
which included a successful consent solicitation to the amendment of certain terms, Mr. Cooper's 5.125% senior notes due 2030 (of
which $574.3 million were tendered and purchased by Rocket) and 5.75% senior notes due 2031 (of which $535.8 million were tendered and
purchased by Rocket), (iii) pay fees and expenses relating to an exchange offer for newly issued notes of Rocket Companies, which included
a successful consent solicitation to the amendment of certain terms, of Mr. Cooper's 6.500% senior notes due 2029 (of which $738.1
million were tendered and exchanged) and 7.125% senior notes due 2032 (of which $955.3 million were tendered and exchanged), (iv) pay
fees and expenses related to the issuance of the Rocket notes mentioned above and the use of the proceeds therefrom, including the transactions
described in clauses (ii) and (iii) above (collectively, the "Financing Transactions") and (v) after the consummation of the
Transactions, repay secured debt of Rocket and its consolidated subsidiaries (including Redfin, Mr. Cooper and their respective subsidiaries).
All Mr. Cooper senior notes referenced in clauses (i), (ii) and (iii) above are referred to as the "Mr. Cooper Notes."

The unaudited pro forma condensed combined balance sheet as of June 30, 2025 gives effect to the Mergers and the Financing Transactions as if they had been completed on June 30, 2025 and combines the unaudited consolidated balance sheet of Rocket as of June 30, 2025 (which reflects the Up-C Collapse which was completed on June 30, 2025) with the unaudited consolidated balance sheets of Redfin and Mr. Cooper, each as of June 30, 2025.

The unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025 and year ended December 31, 2024 gives effect to the Transactions as if they had occurred on January 1, 2024, the first day of Rocket's fiscal year 2024. The unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025, combines the unaudited consolidated statement of income (loss) of Rocket for the six months ended June 30, 2025 and the unaudited consolidated statements of income (loss) of Redfin and Mr. Cooper, each for the six months ended June 30, 2025. The unaudited pro forma condensed combined statement of income (loss) for the fiscal year ended December 31, 2024 combines the audited consolidated statement of income (loss) of Rocket for the fiscal year ended December 31, 2024 and the audited consolidated statements of income (loss) of Redfin and Mr. Cooper, each for the fiscal year ended December 31, 2024. The unaudited pro forma condensed combined financial information contained herein does not give effect to any of the financial results of Rocket, Redfin, or Mr. Cooper following June 30, 2025.

The historical consolidated financial statements of Rocket, Redfin, and Mr. Cooper have been adjusted in the accompanying unaudited pro forma condensed combined financial information to give effect to the Transactions, which are necessary to account for the Transactions in accordance with U.S. GAAP. The unaudited pro forma adjustments are based upon available information and certain assumptions that our management believes are reasonable. The following unaudited pro forma condensed combined financial information does not reflect the costs of any integration activities or benefits that may result from the realization of future cost savings from operating efficiencies, including the future impacts of Redfin's 2025 multifamily rental listing arrangement with Zillow Inc. ("Zillow"), or any other business changes or synergies that may result from the Transactions.

The unaudited pro forma condensed combined financial information should be read in conjunction with:

· The accompanying notes to the unaudited pro forma condensed combined financial
information;

· The unaudited consolidated financial statements
of Rocket as of and for the six months ended June 30, 2025 and the related notes, which are included in Rocket's Quarterly Report
on Form 10-Q for the six months ended June 30, 2025, and are incorporated by reference herein;

· The audited consolidated financial statements
of Rocket as of and for the fiscal year ended December 31, 2024 and the related notes, which are included in Rocket's Annual Report
on Form 10-K for the fiscal year ended December 31, 2024, and are incorporated by reference herein;

· The unaudited consolidated financial statements
of Redfin as of and for the six months ended June 30, 2025 and the related notes, which are included in Rocket's Current Report
on Form 8-K on which this Unaudited Pro Forma Condensed Financial Information is attached, and are incorporated by reference herein;

· The audited consolidated financial statements
of Redfin as of and for the fiscal year ended December 31, 2024 and the related notes, which are included in Redfin's Annual Report
on Form 10-K for the fiscal year ended December 31, 2024, and are incorporated by reference herein;

· The unaudited consolidated financial statements
of Mr. Cooper as of and for the six months ended June 30, 2025 and the related notes, which are included in Mr. Cooper's Quarterly
Report on Form 10-Q for the six months ended June 30, 2025, and are incorporated by reference herein; and

· The audited consolidated financial statements
of Mr. Cooper as of and for the fiscal year ended December 31, 2024 and the related notes, which are included in Mr. Cooper's Annual
Report on Form 10-K for the fiscal year ended December 31, 2024, and are incorporated by reference herein.

**Accounting for the Transactions**

The mergers pursuant to the Transaction Agreement (the "Up-C Collapse Mergers") have been accounted for as an equity reorganization of Rocket, under which the stockholders of RHI became direct stockholders of Rocket. Pursuant to the Transaction Agreement, RHI stockholders exchanged their shares in RHI for shares of Class L common stock. At the effective time of the Up-C Collapse Mergers, RHI's only material assets were its equity interests in Rocket and RHI did not have material liabilities, which would be required to be disclosed in its financial statements.

The Redfin Merger will be accounted for as a business combination using the acquisition method with Rocket as the accounting acquirer in accordance with Accounting Standards Codification ("ASC") Topic 805, Business Combinations. Under this method of accounting, the aggregate merger consideration will be allocated to Redfin's assets acquired and liabilities assumed based upon their estimated fair values as of July 1, 2025. The process of valuing the net assets of Redfin immediately prior to the Redfin Merger, as well as evaluating accounting policies for conformity, is preliminary. Any differences between the estimated fair value of the consideration transferred and the estimated fair value of the assets acquired and liabilities assumed will be recorded as goodwill. Accordingly, the aggregate merger consideration allocation and related adjustments reflected in this unaudited pro forma condensed combined financial information are preliminary and subject to revision based on a final determination of fair value. Refer to Note 1 - Basis of Presentation for more information.

The Mr. Cooper Mergers will be accounted for as a business combination using the acquisition method with Rocket as the accounting acquirer in accordance with ASC Topic 805, Business Combinations. Under this method of accounting, the aggregate merger consideration will be allocated to Mr. Cooper's assets acquired and liabilities assumed based upon their estimated fair values as of October 1, 2025. The process of valuing the net assets of Mr. Cooper immediately prior to the Mr. Cooper Mergers, as well as evaluating accounting policies for conformity, is preliminary. Any differences between the estimated fair value of the consideration transferred and the estimated fair value of the assets acquired and liabilities assumed will be recorded as goodwill. Accordingly, the aggregate merger consideration allocation and related adjustments reflected in this unaudited pro forma condensed combined financial information are preliminary and subject to revision based on a final determination of fair value. Refer to Note 1 - Basis of Presentation for more information.

All financial data included in the unaudited pro forma condensed combined financial information is presented in thousands of dollars unless otherwise noted, and it has been prepared on the basis of U.S. GAAP and Rocket's accounting policies. The unaudited pro forma condensed combined financial information presented is for informational purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized if the Transactions had been completed on the dates set forth above, nor is it indicative of the future results or financial position of the combined company. The pro forma adjustments are preliminary and are subject to change as additional information becomes available and as additional analysis is performed.

**Rocket Companies, Inc.**

**Unaudited Pro Forma Condensed Combined Balance Sheet**

**As of June 30, 2025**

**($ In Thousands)** 

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Rocket** | **Redfin Reclassified<br> (Note 3)** | **Redfin<br> Transaction<br> Accounting<br> Adjustments** | **(Note 5)** | **Rocket Pro <br> Forma Adjusted <br> for Redfin <br> Merger** | **Mr. Cooper<br> Reclassified <br> (Note 6)** | **Mr. Cooper<br> Transaction<br> Accounting<br> Adjustments** | **(Note 8)** | **Mr. Cooper<br> Financing<br> Adjustments** | **(Note 9)** | **Rocket <br> Pro<br> Forma <br> Combined** |
| **<u>Assets</u>** |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $5090631 | $173423 | $(252013) | (a) | $4987712 | $782517 | $(3124587) | (a) | $(838848) | (a) | $1530093 |
|  |  |  | (24329) | (b) |  |  | (256157) | (b) | (18682) | (b) |  |
|  |  |  |  |  |  |  |  |  | (1862) | (c) |  |
| Restricted cash | 22691 | 136 |  |  | 22827 | 167900 |  |  |  |  | 190727 |
| Mortgage loans held for sale, at fair value | 11168691 | 164900 |  |  | 11333591 | 2474863 |  |  |  |  | 13808454 |
| Derivative assets, at fair value | 391770 | 5223 |  |  | 396993 | 249833 |  |  |  |  | 646826 |
| Mortgage servicing rights ("MSRs"), at fair value | 7566632 | 2494 |  |  | 7569126 | 11430753 |  |  |  |  | 18999879 |
| Notes receivable and due from affiliates | 15281 |  |  |  | 15281 |  |  |  |  |  | 15281 |
| Property and equipment, net | 193843 | 37323 |  |  | 231166 | 72042 |  |  |  |  | 303208 |
| Deferred tax asset, net | 11407 |  |  |  | 11407 | 149419 | (149419) | (c) |  |  | 11407 |
| Lease right of use assets | 259029 | 20093 |  |  | 279122 | 36200 |  |  |  |  | 315322 |
| Loans subject to repurchase right from Ginnie Mae | 2492015 |  |  |  | 2492015 | 1109646 |  |  |  |  | 3601661 |
| Goodwill and intangible assets, net | 1221168 | 505677 | 750853 | (c) | 3314370 | 242448 | 7727245 | (d) |  |  | 13042918 |
|  |  |  | 836672 | (d) |  |  | 1758855 | (e) |  |  |  |
| Other assets | 1927064 | 139406 | (45587) | (d) | 2020883 | 1783210 | - |  | (25938) | (d) | 3778155 |
| Total assets | $30360222 | $1048675 | $1265596 |  | $32674493 | $18498831 | $5955937 |  | $(885330) |  | $56243931 |
| Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |  |  |  |  |  |  |
| Funding facilities | $9481780 | $158239 | $- |  | $9640019 | $1777659 | $- |  | $- |  | $11417678 |
| Other financing facilities and debt: |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Senior Notes, net | 8000225 | 573340 | (46286) | (e) | 8527279 | 4901677 | (2945910) | (a) | (18682) | (b) | 10464364 |
| &nbsp;&nbsp;&nbsp;MSR and Advance facilities, net |  |  |  |  |  | 3876117 | 12287 | (f) | (836448) | (a) | 3051956 |
| &nbsp;&nbsp;&nbsp;Early buy out facility | 67532 |  |  |  | 67532 | 507390 |  |  |  |  | 574922 |
| &nbsp;&nbsp;&nbsp;Term loan debt |  | 242654 | (242654) | (a) |  |  |  |  |  |  |  |
| Notes payable and due to affiliates | 2818 |  |  |  | 2818 |  |  |  |  |  | 2818 |
| MSR related liabilities - nonrecourse at fair value |  |  |  |  |  | 380739 |  |  |  |  | 380739 |
| Accounts payable | 278245 | 52779 | (5000) | (b) | 334664 | 113999 | 29450 | (g) |  |  | 478113 |
|  |  |  | 8640 | (f) |  |  |  |  |  |  |  |
| Lease liabilities | 293671 | 27803 |  |  | 321474 | 47857 |  |  |  |  | 369331 |
| Derivative liabilities, at fair value | 163870 | 1959 |  |  | 165829 | 34647 |  |  |  |  | 200476 |
| Investor reserves | 98082 | 2071 |  |  | 100153 | 46881 |  |  |  |  | 147034 |
| Tax receivable agreement liability | 588510 |  | 1288 | (g) | 589798 |  | (1732) | (h) |  |  | 588066 |
| Loans subject to repurchase right from Ginnie Mae | 2492015 |  |  |  | 2492015 | 1109646 |  |  |  |  | 3601661 |
| Deferred tax liability, net | 714673 | 756 | 1140 | (g) | 608661 |  | 179486 | (c) |  |  | 786625 |
|  |  |  | (107908) | (h) |  |  | (1522) | (h) |  |  |  |
| Other liabilities | 729873 | 168765 | (2239) | (a) | 906345 | 602965 | (50697) | (a) | (2400) | (a) | 1456213 |
|  | - | - | 9946 | (i) | - | - | - |  | - |  | - |
| Total liabilities | $22911294 | $1228366 | $(383073) |  | $23756587 | $13399577 | $(2778638) |  | $(857530) |  | $33519996 |
| **Equity:** |  |  |  |  |  |  |  |  |  |  |  |
| Class A common stock | $1 | $130 | $(129) | (j) | $2 | $1058 | $(1051) | (i) | $- |  | $9 |
| Class B common stock |  |  |  |  |  |  |  |  |  |  |  |
| Class C common stock |  |  |  |  |  |  |  |  |  |  |  |
| Class D common stock |  |  |  |  |  |  |  |  |  |  |  |
| Class L common stock | 19 |  |  |  | 19 |  |  |  |  |  | 19 |
| Additional paid-in-capital | 7271613 | 939401 | 550590 | (j) | 8761604 | 1063121 | 12796897 | (i) |  |  | 22621622 |
| Retained earnings | 178507 | (1119018) | 1098004 | (j) | 157493 | 4035075 | (4061271) | (i) | (1862) | (c) | 103497 |
|  |  |  |  |  |  |  |  |  | (25938) | (d) |  |
| Accumulated other comprehensive income (loss) | (1212) | (204) | 204 | (j) | (1212) |  |  |  |  |  | (1212) |
| Non-controlling interest | - | - | - |  | - | - | - |  | - |  | - |
| Total equity | 7448928 | (179691) | 1648669 |  | 8917906 | 5099254 | 8734575 |  | (27800) |  | 22723935 |
| Total liabilities and equity | $30360222 | $1048675 | $1265596 |  | $32674493 | $18498831 | $5955937 |  | $(885330) |  | $56243931 |

---

See accompanying Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

**Rocket Companies, Inc. <br> Unaudited Pro Forma Condensed Combined Statement of Income (Loss)<br> For the Six Months Ended June 30, 2025<br> ($ In Thousands)**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Rocket** | **Up-C Collapse** | **(Note 2)** | **Rocket Pro Forma <br> for Up-C Collapse** | **Redfin Reclassified<br> (Note 3)** | **Redfin<br> Transaction<br> Accounting<br> Adjustments** | **(Note 5)** | **Rocket Pro<br> Forma<br> Adjusted for<br> Redfin Merger** | **Mr. Cooper<br> Reclassified<br> (Note 6)** | **Mr. Cooper<br> Transaction<br> Accounting<br> Adjustments** | **(Note 8)** | **Mr. Cooper<br> Financing<br> Adjustments** | **(Note 9)** | **Rocket <br> Pro<br> Forma<br> Combined** |
| **Revenue** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Gain on sale of loans:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gain on sale of loans excluding fair value of MSRs, net | $979574 | $- |  | $979574 | $54941 | $- |  | $1034515 | $(52229) | $- |  | $- |  | $982286 |
| &nbsp;&nbsp;&nbsp;Fair value of originated MSRs | 607952 | - |  | 607952 | - | - |  | 607952 | 364649 | - |  | - |  | 972601 |
| Gain on sale of loans, net | 1587526 |  |  | 1587526 | 54941 |  |  | 1642467 | 312420 |  |  |  |  | 1954887 |
| **Loan servicing income:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Servicing fee income | 801973 |  |  | 801973 | (113) |  |  | 801860 | 1395455 |  |  |  |  | 2197315 |
| &nbsp;&nbsp;&nbsp;Change in fair value of MSRs | (648070) | - |  | (648070) | - | - |  | (648070) | (567905) | - |  | - |  | (1215975) |
| Loan servicing income, net | 153903 |  |  | 153903 | (113) |  |  | 153790 | 827550 |  |  |  |  | 981340 |
| **Interest income:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 215592 |  |  | 215592 | 5414 |  |  | 221006 | 72608 |  |  |  |  | 293614 |
| &nbsp;&nbsp;&nbsp;Interest expense on funding facilities | (154918) | - |  | (154918) | (4584) | - |  | (159502) | (54968) | - |  | - |  | (214470) |
| Interest income, net | 60674 |  |  | 60674 | 830 |  |  | 61504 | 17640 |  |  |  |  | 79144 |
| Other income | 595412 | 838 | (a) | 596250 | 443436 | - |  | 1039686 | 375898 | - |  | - |  | 1415584 |
| Total revenue, net | 2397515 | 838 |  | 2398353 | 499094 |  |  | 2897447 | 1533508 |  |  |  |  | 4430955 |
| **Expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries, commissions, and team member benefits | 1233067 | 1619 | (a) | 1234686 | 374014 | (16507) | (i) | 1592193 | 445467 | (6182) | (j) |  |  | 2031478 |
| General and administrative expenses | 548236 | (2682) | (a) | 545554 | 120430 |  |  | 665984 | 261942 |  |  |  |  | 927926 |
| Marketing and advertising expenses | 551673 | 40 | (a) | 551713 | 88254 |  |  | 639967 | 23408 |  |  |  |  | 663375 |
| Depreciation and amortization | 54436 | 30 | (a) | 54466 | 19220 | 87620 | (d) | 161306 | 28999 | 118652 | (e) |  |  | 308957 |
| Interest and amortization expense on non-funding debt | 96005 |  |  | 96005 | 15516 | (229) | (e) | 111292 | 352672 | (163153) | (a) | (29448) | (a) | 457382 |
|  |  |  |  |  |  |  |  |  |  |  |  | 186019 | (e) |  |
| Other expenses | 112939 | 3 | (a) | 112942 | 12336 | - |  | 125278 | 49267 | - |  | - |  | 174545 |
| Total expenses | 2596356 | (990) |  | 2595366 | 629770 | 70884 |  | 3296020 | 1161755 | (50683) |  | 156571 |  | 4563663 |
| Income (loss) before income taxes | (198841) | 1828 |  | (197013) | (130676) | (70884) |  | (398573) | 371753 | 50683 |  | (156571) |  | (132708) |
| (Provision for) benefit from income taxes | 20484 | 26799 | (b) | 47283 | (208) | 48582 | (k) | 95657 | (85819) | (15566) | (k) | 37577 | (f) | 31849 |
| Net income (loss) | (178357) | 28627 |  | (149730) | (130884) | (22302) |  | (302916) | 285934 | 35117 |  | (118994) |  | (100859) |
| Net (income) loss attributable to non-controlling interest | 166189 | (166189) | (c) | - | - | - |  | - | - | - |  | - |  | - |
| Net income (loss) attributable to Rocket Companies | $(12168) | $(137562) |  | $(149730) | $(130884) | $(22302) |  | $(302916) | $285934 | $35117 |  | $(118994) |  | $(100859) |
| **Earnings (loss) per share of Class A common stock** |  |  |  |  |  |  |  |  |  |  |  |  |  | **Note (10)** |
| Basic | $(0.08) |  |  |  |  |  |  |  |  |  |  |  |  | $(0.09) |
| Diluted | $(0.08) |  |  |  |  |  |  |  |  |  |  |  |  | $(0.09) |
| **Weighted average shares outstanding** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic | 159643228 | 1848879455 |  |  |  | 103391679 |  |  |  | 705205413 |  |  |  | 2817119775 |
| Diluted | 2013862283 |  |  |  |  | 110643064 |  |  |  | 722707669 |  |  |  | 2847213016 |

---

See accompanying Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

**Rocket Companies, Inc. <br> Unaudited Pro Forma Condensed Combined Statement of Income (Loss) <br> For the Year Ended December 31, 2024 <br> ($ In Thousands)**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Rocket** | **Up-C Collapse** | **(Note 2)** | **Rocket Pro Forma <br> for Up-C Collapse** | **Redfin Reclassified<br> (Note 3)** | **Redfin<br> Transaction<br> Accounting<br> Adjustments** | **(Note 5)** | **Rocket Pro<br> Forma<br> Adjusted for <br> Redfin Merger** | **Mr. Cooper<br> Reclassified<br> (Note 6)** | **Mr. Cooper<br> Transaction<br> Accounting<br> Adjustments** | **(Note 8)** | **Mr. Cooper<br> Financing<br> Adjustments** | **(Note 9)** | **Rocket <br> Pro <br> Forma<br> Combined** |
| **Revenue** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Gain on sale of loans:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gain on sale of loans excluding fair value of MSRs, net | $1682697 | $- |  | $1682697 | $102363 | $- |  | $1785060 | $64585 | $- |  | $- |  | $1849645 |
| &nbsp;&nbsp;&nbsp;Fair value of originated MSRs | 1330216 | - |  | 1330216 | 26489 | - |  | 1356705 | 458998 | - |  | - |  | 1815703 |
| Gain on sale of loans, net | 3012913 |  |  | 3012913 | 128852 |  |  | 3141765 | 523583 |  |  |  |  | 3665348 |
| **Loan servicing income:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Servicing fee income | 1462173 |  |  | 1462173 | 2146 |  |  | 1464319 | 2475426 |  |  |  |  | 3939745 |
| &nbsp;&nbsp;&nbsp;Change in fair value of MSRs | (578681) | - |  | (578681) | (2375) | - |  | (581056) | (842030) | - |  | - |  | (1423086) |
| Loan servicing income, net | 883492 |  |  | 883492 | (229) |  |  | 883263 | 1633396 |  |  |  |  | 2516659 |
| **Interest income:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 413159 |  |  | 413159 | 10980 |  |  | 424139 | 102047 |  |  |  |  | 526186 |
| &nbsp;&nbsp;&nbsp;Interest expense on funding facilities | (315593) | - |  | (315593) | (11226) | - |  | (326819) | (84475) | - |  | - |  | (411294) |
| Interest income, net | 97566 |  |  | 97566 | (246) |  |  | 97320 | 17572 |  |  |  |  | 114892 |
| Other income | 1106827 | 6513 | (a) | 1113340 | 910193 | - |  | 2023533 | 793189 | - |  | - |  | 2816722 |
| Total revenue, net | 5100798 | 6513 |  | 5107311 | 1038570 |  |  | 6145881 | 2967740 |  |  |  |  | 9113621 |
| **Expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries, commissions, and team member benefits | 2261245 | 4113 | (a) | 2265358 | 768938 | (4721) | (i) | 3029575 | 771164 | 99144 | (j) |  |  | 3899883 |
| General and administrative expenses | 893154 | 2525 | (a) | 895679 | 237267 | 8640 | (f) | 1141586 | 465219 | 29450 | (g) | 1862 | (c) | 1638117 |
| Marketing and advertising expenses | 824042 | 40 | (a) | 824082 | 119816 |  |  | 943898 | 39002 |  |  |  |  | 982900 |
| Depreciation and amortization | 112917 | 59 | (a) | 112976 | 42834 | 170759 | (d) | 326569 | 43550 | 257793 | (e) |  |  | 627912 |
| Interest and amortization expense on non-funding debt | 153637 |  |  | 153637 | 27707 | 3475 | (e) | 184819 | 641934 | (289969) | (a) | (48300) | (a) | 901177 |
|  |  |  |  |  |  |  |  |  |  |  |  | 25938 | (d) |  |
|  |  |  |  |  |  |  |  |  |  |  |  | 386755 | (e) |  |
| Other expenses | 187751 | - |  | 187751 | 7339 | 1288 | (g) | 196378 | 105706 | (1732) | (h) | - |  | 300352 |
| Total expenses | 4432746 | 6737 |  | 4439483 | 1203901 | 179441 |  | 5822825 | 2066575 | 94686 |  | 366255 |  | 8350341 |
| Income (loss) before income taxes | 668052 | (224) |  | 667828 | (165331) | (179441) |  | 323056 | 901165 | (94686) |  | (366255) |  | 763280 |
| (Provision for) benefit from income taxes | (32224) | (128055) | (b) | (160279) | 530 | (1140) | (g) | (78674) | (232065) | 1522 | (h) | 87901 | (f) | (182806) |
|  | - | - |  | - | - | 82215 | (k) | - | - | 38510 | (k) | - |  | - |
| Net income (loss) | 635828 | (128279) |  | 507549 | (164801) | (98366) |  | 244382 | 669100 | (54654) |  | (278354) |  | 580474 |
| Net (income) loss attributable to non-controlling interest | (606458) | 607509 | (c) | 1051 | - | - |  | 1051 | - | - |  | - |  | 1051 |
| Net income (loss) attributable to Rocket Companies | $29370 | $479230 |  | $508600 | $(164801) | $(98366) |  | $245433 | $669100 | $(54654) |  | $(278354) |  | $581525 |
| **Earnings (loss) per share of Class A common stock** |  |  |  |  |  |  |  |  |  |  |  |  |  | **Note (10)** |
| Basic | $0.21 |  |  |  |  |  |  |  |  |  |  |  |  | $0.21 |
| Diluted | $0.21 |  |  |  |  |  |  |  |  |  |  |  |  | $0.21 |
| **Weighted average shares outstanding** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Basic | 141037083 | 1848879455 |  |  |  | 103391679 |  |  |  | 705205413 |  |  |  | 2798513630 |
| Diluted | 141037083 | 1857291729 |  |  |  | 109238109 |  |  |  | 718684079 |  |  |  | 2826251000 |

---

See accompanying Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

**Note 1 – Basis of Presentation**

The unaudited pro forma condensed combined financial information and related notes are prepared in accordance with Article 11 of Regulation S-X.

The pro forma financial statements, including all adjustments, were prepared in accordance with U.S. GAAP, presented in U.S. dollars, and give effect to each of the following transactions:

*Up-C Collapse*

As discussed in Note 2, the unaudited pro forma condensed combined financial information reflects the effects of the Up-C Collapse, which was accounted for as a reorganization of entities under common control. The exchange of Class D common stock and Holdings LLC Units for newly issued shares of Class L common stock does not result in a change in control under U.S. GAAP. Accordingly, the historical carrying amounts of assets and liabilities are retained. The elimination of the non-controlling interest in Holdings LLC as part of the Up-C Collapse has been accounted for in accordance with the guidance in ASC 810, Consolidation, with the difference between the carrying amount of the non-controlling interest and the consideration transferred reflected as an equity transaction.

*Redfin Merger*

As discussed in Note 3, certain reclassifications were made to conform the historical presentation of Redfin to that of Rocket's financial statement presentation. Rocket is currently in the process of evaluating Redfin's accounting policies, which will be finalized as more information becomes available. As a result of that review, additional differences could be identified between the accounting policies of the two companies. With the information currently available, Rocket has determined that no significant adjustments are necessary to conform Redfin's financial statements to the accounting policies used by Rocket.

The unaudited pro forma condensed combined financial information was prepared by applying the acquisition method of accounting in accordance with ASC 805, with Rocket as the accounting acquirer, using the fair value concepts defined in ASC 820, Fair Value Measurement, and based on the historical financial statements of Rocket and Redfin. Under ASC 805, all assets acquired and liabilities assumed in a business combination are recognized and measured at their assumed acquisition date fair value (or other measurement as directed by ASC 805), while transaction costs associated with the business combination are expensed as incurred. The excess of merger consideration over the estimated fair value of assets acquired and liabilities assumed, if any, is allocated to goodwill.

The allocation of the aggregate merger consideration has been made for the purpose of developing the unaudited pro forma condensed combined financial information. This allocation of the aggregate merger consideration depends upon certain estimates and assumptions, all of which are preliminary. The final determination of fair values of assets acquired and liabilities assumed relating to the Redfin Merger could differ materially from the preliminary allocation of aggregate merger consideration. The final valuation will be based on the actual tangible and intangible assets and liabilities of Redfin existing at the acquisition date and such valuation is in process.

*Mr. Cooper Mergers*

As discussed in Note 6, certain reclassifications were made to conform the historical presentation of Mr. Cooper to that of Rocket's financial statement presentation. Rocket is currently in the process of evaluating Mr. Cooper's accounting policies, which will be finalized as more information becomes available. As a result of that review, additional differences could be identified between the accounting policies of the two companies. With the information currently available, Rocket has determined that no significant adjustments are necessary to conform Mr. Cooper's financial statements to the accounting policies used by Rocket.

The unaudited pro forma condensed combined financial information was prepared by applying the acquisition method of accounting in accordance with ASC 805, with Rocket as the accounting acquirer, using the fair value concepts defined in ASC 820, Fair Value Measurement, and based on the historical financial statements of Rocket and Mr. Cooper. Under ASC 805, all assets acquired and liabilities assumed in a business combination are recognized and measured at their assumed acquisition date fair value (or other measurement as directed by ASC 805), while transaction costs associated with the business combination are expensed as incurred. The excess of merger consideration over the estimated fair value of assets acquired and liabilities assumed, if any, is allocated to goodwill.

The allocation of the aggregate merger consideration has been made for the purpose of developing the unaudited pro forma condensed combined financial information. This allocation of the aggregate merger consideration depends upon certain estimates and assumptions, all of which are preliminary. The final determination of fair values of assets acquired and liabilities assumed relating to the Mr. Cooper Mergers could differ materially from the preliminary allocation of aggregate merger consideration. The final valuation will be based on the actual tangible and intangible assets and liabilities of Mr. Cooper existing at the acquisition date and such valuation is in process.

*The Financing Transactions*

The Mr. Cooper Mergers triggered change in control provisions contained in certain of Mr. Cooper's outstanding debt facilities (including the Mr. Cooper Notes) that required the repayment of such indebtedness. Consequently, Rocket entered into the Commitment Letter with the Commitment Parties, pursuant to which the Commitment Parties committed to provide the Bridge Facility with a capacity up to $4,950 million. The commitment amount under the Commitment Letter was subsequently reduced to $950 million and, upon completion of the Financing Transactions, the commitment amount was further reduced to zero. The Company did not draw on the Bridge Facility, as it incurred permanent financing in the form of $4,000 million of Senior Notes. Rocket used the proceeds from the notes to fund the Financing Transactions, and after consummation of the Transactions, will repay secured debt of Rocket and its consolidated subsidiaries (including Redfin, Mr. Cooper, and their subsidiaries). The debt issuance costs associated with the exchanged Mr. Cooper Notes have been capitalized and are amortized over the term of the notes. On October 1, 2025, Rocket repaid or exchanged, pursuant to the tender offer and the exchange offer described above, (a) $574.3 million of Mr. Cooper's 5.125% senior notes due 2030, (b) $535.8 million of Mr. Cooper's 5.75% senior notes due 2031, (c) $738.1 million of Mr. Cooper's 6.500% senior notes due 2029, and (d) $955.3 million of Mr. Cooper's 7.125% senior notes due 2032. Additionally, through the related consent solicitations, Rocket amended certain provisions of the above Mr. Cooper Notes, among which eliminated the change of control repurchase requirements of such notes.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

*Overall Presentation*

The unaudited pro forma condensed combined balance sheet, as of June 30, 2025, the unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025, and the unaudited pro forma condensed combined statement of income (loss) for the year ended December 31, 2024, presented herein, are based on the historical financial statements of Rocket, adjusted for the Up-C Collapse (as noted above), the Redfin Merger and the Mr. Cooper Mergers.

The unaudited pro forma condensed combined balance sheet as of June 30, 2025 is presented as if the Mergers and the Financing Transactions had occurred on June 30, 2025 and combines the historical balance sheet of Rocket as of June 30, 2025 (which reflects the Up-C Collapse which was completed on June 30, 2025) with the historical balance sheets of Redfin and Mr. Cooper, each as of June 30, 2025.

The unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025 has been prepared as if the Transactions had occurred on January 1, 2024 and combines Rocket's historical statement of income (loss) for the six months ended June 30, 2025 with the historical statements of income (loss) for Redfin and Mr. Cooper, each for the six months ended June 30, 2025.

The unaudited pro forma condensed combined statement of income (loss) for the year ended December 31, 2024 has been prepared as if the Transactions had occurred on January 1, 2024 and combines Rocket's historical statement of income (loss) for the fiscal year ended December 31, 2024 with the historical statements of income (loss) for Redfin and Mr. Cooper, each for the fiscal year ended December 31, 2024.

The unaudited pro forma condensed combined financial information does not reflect any anticipated synergies or dyssynergies, operating efficiencies or cost savings that may result from the Redfin Merger or Mr. Cooper Mergers and integration costs that may be incurred. The pro forma adjustments represent management's best estimates and are based upon currently available information and certain assumptions that Rocket believes are reasonable under the circumstances. Rocket is not aware of any material transactions between Rocket and Redfin, Rocket and Mr. Cooper, and Redfin and Mr. Cooper during the periods presented. Accordingly, adjustments to eliminate transactions between Rocket and Redfin, between Rocket and Mr. Cooper, and between Redfin and Mr. Cooper have not been reflected in the unaudited pro forma condensed combined financial information.

**Note 2 – Up-C Collapse Adjustments**

The Up-C Collapse is presented within the historical Rocket consolidated balance sheet as of June 30, 2025. As such, no additional pro forma balance sheet adjustments were necessary. Adjustments related to the Up-C Collapse in the accompanying unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025, and the year ended December 31, 2024 are as follows:

(a) Reflects the consolidation of the operations of the Retained Entities, net of eliminations, as a result
of the Up-C Collapse Mergers.

(b) Reflects the estimated income tax provision assuming Rocket's unaudited pro forma condensed combined
Income (loss) before income taxes had been subject to federal and state income tax as a C-corporation utilizing an estimated blended statutory
tax rate of approximately 24% for the six months ended June 30, 2025 and year ended December 31, 2024.

The tax rate of the combined company could be significantly different (either higher or lower) depending on post-merger activities, including cash needs, the geographical mix of income (loss) and changes in tax law. Because the tax rates used for the pro forma financial information are estimated, the blended tax rate will likely vary from the actual effective tax rate in periods subsequent to completion of the Up-C Collapse. This determination is preliminary and subject to change.

(c) Reflects the elimination of the allocation of income (loss) to the non-controlling interest holders on
the pro forma statement of income (loss) for the six months ended June 30, 2025, and year ended December 31, 2024, as a result of the
transfer of 1,848,879,455 shares of Class D common stock and Holdings LLC Units in exchange for an equivalent number of shares of Class
L common stock.

**Note 3 – Redfin Reclassification Adjustments** 

During the preparation of the unaudited pro forma condensed combined financial information, Rocket's management performed a preliminary analysis of Redfin's financial information to identify differences in financial statement presentation as compared to the presentation of Rocket. Certain reclassification adjustments have been made to conform Redfin's historical financial statement presentation to Rocket's financial statement presentation. Following the closing of the Redfin Merger, the combined company is in the process of finalizing its review of the reclassifications, which could be materially different from the amounts set forth in the unaudited pro forma condensed combined financial information presented herein.

&nbsp;&nbsp;&nbsp;&nbsp;A. Refer to the table below for a summary of reclassification adjustments made to present Redfin's
consolidated balance sheet as of June 30, 2025 to conform with that of Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Redfin Historical Balance Sheet<br> Line Items** | **Redfin Historical<br> as of June 30, 2025** | **Reclassification** | **Rocket Historical Balance Sheet Line Items<sup>(1)</sup>** | **Reclassification** | **Redfin Reclassified**<br>**as of June 30, 2025** |
| Cash and cash equivalents | $173423 |  | Cash and cash equivalents |  | $173423 |
| Restricted cash | 136 |  | Restricted cash |  | 136 |
| Accounts receivable, net of allowance <br>for credit losses | 47578 | (47578) | Mortgage loans held for sale, at fair value |  | 164900 |
| Loans held for sale | 164900 |  | Derivative assets, at fair value |  | 5223 |
| Prepaid expenses | 24648 | (24648) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 5223 |  |
| Other current assets | 29185 | (29185) | Mortgage servicing rights ("MSRs"), at fair value |  | 2494 |
| **Total current assets** | 439870 |  | Property and equipment, net |  | 37323 |
| Property and equipment, net | 37323 |  | Lease right of use assets |  | 20093 |
| Right-of-use assets, net | 20093 |  | Goodwill and intangible assets, net |  | 505677 |
| MSRs, at fair value | 2494 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 461349 |  |
| Goodwill | 461349 | (461349) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible assets, net | 44328 |  |
| Intangible assets, net | 44328 | (44328) | Other assets |  | 139406 |
| Contract assets, noncurrent | 35711 | (35711) | Accounts receivable, net of allowances for credit losses | 47578 |  |
| Other assets, noncurrent | 7507 | (7507) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 23962 |  |
| **Total assets** | 1048675 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 24648 |  |
| Accounts payable | 27163 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets, noncurrent | 7507 |  |
| Accrued and other liabilities | 126090 | (126090) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract assets, noncurrent | 35711 |  |
| Warehouse credit facilities | 158239 | (158239) | **Total assets** |  | 1048675 |
| Convertible senior notes, net | 73669 | (73669) | Funding facilities |  | 158239 |
| Lease liabilities | 12483 | (12483) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warehouse credit facilities | 158239 |  |
| **Total current liabilities** | 397644 |  | Senior Notes, net |  | 573340 |
| Lease liabilities, noncurrent | 15320 | (15320) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible senior notes, net | 73669 |  |
| Convertible senior notes, net, noncurrent | 499671 | (499671) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible senior notes, net, noncurrent | 499671 |  |
| Term loan | 242654 |  | Term loan debt |  | 242654 |
| Deferred revenue | 72321 | (72321) | Accounts payable |  | 52779 |
| Deferred tax liabilities | 756 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 27163 |  |
| Total liabilities | $1228366 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | 25616 |  |
|  |  |  | Lease liabilities |  | 27803 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 12483 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities, noncurrent | 15320 |  |
|  |  |  | Derivative liabilities, at fair value |  | 1959 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | 1959 |  |
|  |  |  | Investor reserves |  | 2071 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | 2071 |  |
|  |  |  | Deferred tax liability, net |  | 756 |
|  |  |  | Other liabilities |  | 168765 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | 96444 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 72321 |  |
|  |  |  | **Total liabilities** |  | $1228366 |

---

<sup>1)</sup> The indented Redfin line items listed beneath each Rocket historical balance sheet line represent balances reclassified from the respective Redfin balance sheet line items to the corresponding Rocket balance sheet line items.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

B. Refer
 to the table below for a summary of adjustments made to present Redfin's consolidated
 statement of loss for the six months ended June 30, 2025 to conform with that of Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Redfin Historical <br> Statement of Loss Line Items** | **Redfin<br> Historical <br> for the Six<br> Months Ended<br> June 30,<br> 2025** | **Reclassification** | **Rocket Historical <br> Statement of Income (Loss)<br> Line Items<sup>(1)</sup>** | **Reclassification** | **Redfin<br> Reclassified <br> for the Six<br> Months Ended<br> June 30,<br> 2025** |
| Revenue | $501523 | (501523) | Gain on sale of loans excluding fair value of MSRs, net |  | $54941 |
| Cost of revenue | 328375 | (328375) | &nbsp;&nbsp;&nbsp;Revenue | 54941 |  |
| Technology and development | 77816 | (77816) | Servicing fee income |  | (113) |
| Marketing | 87282 | (87282) | &nbsp;&nbsp;&nbsp;Revenue | (113) |  |
| General and administrative | 98389 | (98389) | Interest income |  | 5414 |
| Restructuring and reorganization | 27248 | (27248) | &nbsp;&nbsp;&nbsp;Revenue | 5414 |  |
| Interest income | 2588 | (2588) | Interest expense on Funding Facilities |  | (4584) |
| Interest expense | (15521) | 15521 | &nbsp;&nbsp;&nbsp;Cost of revenue | (4584) |  |
| Income tax expense | (208) |  | Other income |  | 443436 |
| Other expense, net | (156) | 156 | &nbsp;&nbsp;&nbsp;Revenue | 441281 |  |
| **Net loss** | $(130884) |  | &nbsp;&nbsp;&nbsp;Interest income | 2588 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Other expense, net | 32 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | (465) |  |
|  |  |  | Salaries, commissions, and team member benefits |  | 374014 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 245046 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 50835 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 9975 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 50396 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Restructuring and reorganization | 17762 |  |
|  |  |  | General and administrative expenses |  | 120430 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 58275 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 19242 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 1809 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 39921 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Restructuring and reorganization | 1193 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Other expense, net | (10) |  |
|  |  |  | Marketing and advertising expenses |  | 88254 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 12388 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 2 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 75377 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 487 |  |
|  |  |  | Depreciation and amortization |  | 19220 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 4789 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 7737 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 121 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 6573 |  |
|  |  |  | Interest and amortization expense on non-funding debt |  | 15516 |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest expense | 15516 |  |
|  |  |  | Other expenses |  | 12336 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 2828 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 1012 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest expense | 5 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Restructuring and reorganization | 8293 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Other expense, net | 198 |  |
|  |  |  | (Provision for) benefit from income taxes |  | (208) |
|  |  |  | **Net loss** |  | $(130884) |

---

<sup>1)</sup> The indented Redfin line items listed beneath each Rocket line item represent amounts reclassified from the respective Redfin statement of loss line items to the corresponding Rocket statement of income (loss) line items.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

C. Refer
 to the table below for a summary of adjustments made to present Redfin's consolidated
 statement of loss for the year ended December 31, 2024 to conform with that of Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Redfin Historical<br> Statement of Loss Line Items** | **Redfin<br> Historical <br> for the Year<br> Ended<br> December 31, 2024** | **Reclassification** | **Rocket Historical<br> Statement of Income (Loss) <br> Line Items<sup>(1)</sup>** | **Reclassification** | **Redfin<br> Reclassified <br> for the Year<br> Ended<br> December 31, 2024** |
| Revenue | $1042979 | (1042979) | Gain on sale of loans excluding fair value of MSRs, net |  | $102363 |
| Cost of revenue | 678778 | (678778) | &nbsp;&nbsp;&nbsp;Revenue | 102363 |  |
| Technology and development | 163927 | (163927) | Fair value of originated MSRs |  | 26489 |
| Marketing | 114481 | (114481) | &nbsp;&nbsp;&nbsp;Revenue | 26489 |  |
| General and administrative | 235364 | (235364) | Servicing fee income |  | 2146 |
| Restructuring and reorganization | 5684 | (5684) | &nbsp;&nbsp;&nbsp;Revenue | 2146 |  |
| Interest income | 6348 | (6348) | Change in fair value of MSRs |  | (2375) |
| Interest expense | (27780) | 27780 | &nbsp;&nbsp;&nbsp;Revenue | (2375) |  |
| Income tax benefit | 530 |  | Interest income |  | 10980 |
| Gain on extinguishment of convertible senior notes | 12000 | (12000) | &nbsp;&nbsp;&nbsp;Revenue | 10980 |  |
| Other expense, net | (644) | 644 | Interest expense on funding facilities |  | (11226) |
| **Net loss** | $(164801) |  | &nbsp;&nbsp;&nbsp;Cost of revenue | (11226) |  |
|  |  |  | Other income |  | 910193 |
|  |  |  | &nbsp;&nbsp;&nbsp;Revenue | 903784 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest income | 6348 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Other expense, net | 61 |  |
|  |  |  | Salaries, commissions, and team member benefits |  | 768938 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 498761 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 107224 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 24150 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 133141 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Restructuring and reorganization | 5662 |  |
|  |  |  | General and administrative expenses |  | 237267 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 117312 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 37364 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 5225 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 77344 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Restructuring and reorganization | 22 |  |
|  |  |  | Marketing and advertising expenses |  | 119816 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 33775 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 89 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 84859 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 1093 |  |
|  |  |  | Depreciation and amortization |  | 42834 |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 2814 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Technology and development | 19250 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 233 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 20537 |  |
|  |  |  | Interest and amortization expense on non-funding debt |  | 27707 |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest expense | 27707 |  |
|  |  |  | Other expenses |  | 7339 |
|  |  |  | &nbsp;&nbsp;&nbsp;Revenue | 408 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Cost of revenue | 14890 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Marketing | 14 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 3249 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest expense | 73 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Gain on extinguishment of convertible senior notes | (12000) |  |
|  |  |  | &nbsp;&nbsp;&nbsp;Other expense, net | 705 |  |
|  |  |  | (Provision for) benefit from income taxes |  | 530 |
|  |  |  | **Net loss** |  | $(164801) |

---

<sup>1)</sup> The indented Redfin line items listed beneath each Rocket line item represent amounts reclassified from the respective Redfin statement of loss line items to the corresponding Rocket statement of income (loss) line items.

**Rocket Companies, Inc. <br> Notes to the Unaudited Pro Forma Condensed Combined Financial Information <br> ($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

**Note 4 – Preliminary Purchase Price Allocation for Redfin Merger** 

*Estimated Redfin Merger Consideration* 

The following table summarizes the preliminary estimated aggregate merger consideration for Redfin with reference to Rocket's closing share price of $14.18 on June 30, 2025.

---

| | |
|:---|:---|
|  | **Amount** |
| Estimated fair value of Rocket Class A common stock issued to Redfin stockholders <sup>(i)</sup> | $1466094 |
| Estimated fair value of converted Redfin equity awards attributable to pre-combination service <sup>(ii)</sup> | 23898 |
| Cash paid to pay off term loan, accrued interest, and prepayment premium <sup>(iii)</sup> | 252013 |
| Preliminary estimated merger consideration | $1742005 |

---

&nbsp;&nbsp;&nbsp;&nbsp;i) Value
 of estimated shares of Rocket Class A common stock issued is based on 130,446,226 shares
 of outstanding common stock of Redfin as of June 30, 2025 each being exchanged for 0.7926
 of a share of Rocket Class A common stock issued at $14.18, the closing share price on June
 30, 2025.

ii) Certain unvested equity awards of Redfin were replaced by Rocket's equity awards with similar terms at closing. The vested portion of those awards, as well as awards that fully vested prior to the closing date, are included as consideration applying the same exchange ratio and share price as (i) above.

iii) Cash paid to settle Redfin's outstanding term loan principal, accrued interest, and a 1% prepayment premium triggered by the Redfin Merger.

*Preliminary Purchase Price Allocation*

The assumed accounting for the Redfin Merger, including the preliminary merger consideration, is based on provisional amounts, and the associated purchase accounting is not final. The preliminary allocation of the purchase price to the acquired assets and assumed liabilities was based upon the preliminary estimate of fair values. Rocket is expected to use widely accepted income-based, market-based, and cost-based valuation approaches upon finalization of purchase accounting for the Redfin Merger. Actual results may differ materially from the assumptions within the accompanying unaudited pro forma condensed combined financial information. The unaudited pro forma adjustments are based upon available information and certain assumptions that Rocket believes are reasonable under the circumstances. The purchase price adjustments relating to Redfin's and Rocket's combined financial information are preliminary and are subject to change, as additional information becomes available and as additional analyses are performed.

The following table summarizes the preliminary purchase price allocation, as if the Redfin Merger had been completed on June 30, 2025:

---

| | |
|:---|:---|
|  | **Amount** |
| Estimated Merger Consideration: | $1742005 |
| Cash and cash equivalents<sup>(i)</sup> | 149094 |
| Restricted cash | 136 |
| Mortgage loans held for sale, at fair value | 164900 |
| Derivative assets, at fair value | 5223 |
| MSRs, at fair value | 2494 |
| Property and equipment, net | 37323 |
| Lease right of use assets | 20093 |
| Intangible assets, net <sup>(ii)</sup> | 881000 |
| Other assets | 93819 |
| Funding facilities | 158239 |
| Senior Notes, net | 527054 |
| Accounts payable <sup>(i)</sup> | 47779 |
| Lease liabilities | 27803 |
| Derivative liabilities, at fair value | 1959 |
| Investor reserves | 2071 |
| Deferred tax liability, net <sup>(iii)</sup> | (107152) |
| Other liabilities | 166526 |
| **Net tangible assets acquired (excluding goodwill)** | 529803 |
| Goodwill | 1212202 |
| **Total net assets acquired** | $1742005 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Inclusive
 of $24.3 million of seller transaction costs, of which $19.3 million was contingent on the
 closing of the Redfin Merger and $5.0 million previously accrued, both of which were paid
 at closing. See Note 5(b) below.

**Rocket Companies, Inc.<br> Notes to the Unaudited Pro Forma Condensed Combined Financial Information <br> ($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

ii) Preliminary identifiable intangible assets in the unaudited pro forma condensed combined financial information consists of the following:

---

| | | |
|:---|:---|:---|
|  | **Preliminary Fair<br> Value** | **Estimated Useful<br> Life (years)** |
| Preliminary fair value of intangible assets acquired: |  |  |
| Developed technology and other | $356000 | 4 |
| Trade names and trademarks | 350000 | 5 |
| Customer relationships | 175000 | 4 - 6 |
| **Intangible assets acquired** | $881000 |  |

---

iii) As a result of the Redfin Merger, Rocket expects to benefit from Redfin's deferred tax asset balance, leading to net deferred tax assets of $303.2 million, offset by deferred tax liabilities of $195.3 million from book-tax basis differences arising from the preliminary purchase price allocation. Redfin's historical deferred tax liability of $0.8 million is netted against the $107.9 million net deferred tax asset position above, resulting in an ending deferred tax asset position of $107.1 million, which is shown as a negative deferred tax liability as the combined company will be in a net deferred tax liability position. There are a number of factors that will ultimately impact the final deferred tax position recorded by the consolidated group including operations before closing, potential changes in tax laws, and the mix of earnings. This determination is preliminary and subject to change.

**Note 5 – Redfin Merger Adjustments**

The following pro forma adjustments have been reflected in the Redfin Transaction Accounting Adjustments column in the accompanying unaudited pro forma condensed combined balance sheet and statements of income (loss). All adjustments are based on preliminary assumptions and valuations, which are subject to change.

&nbsp;&nbsp;&nbsp;&nbsp;a) Reflects
 the accelerated payoff of Redfin's outstanding aggregate principal from its term loan,
 accrued interest, and a 1% prepayment premium triggered by the Redfin Merger of $252.0 million,
 which is included as part of the consideration transferred. See Note 4 above. The adjustment
 reflects the extinguishment of the term loan debt and the write-off of unamortized deferred
 issuance costs of $3.6 million and elimination of accrued interest on the term loan of $2.2
 million. See Note 5(e) for the corresponding elimination of the historical interest expense
 attributed to the term loan.

&nbsp;&nbsp;&nbsp;&nbsp;b) Reflects
 Redfin's acquisition-related transaction costs of $24.3 million that was paid in cash
 by Rocket. This includes a reduction in Accounts payable of $5.0 million previously accrued.
 See Note 4.

&nbsp;&nbsp;&nbsp;&nbsp;c) Represents
 the preliminary adjustment to goodwill of $750.9 million within Goodwill and intangible
 assets, net, which reflects the elimination of the historical goodwill of $461.3 million
 and the recognition of the preliminary estimate of goodwill in connection with the Redfin
 Merger of $1,212.2 million. See Note 4.

&nbsp;&nbsp;&nbsp;&nbsp;d) Represents
 the preliminary adjustment to intangible assets of $836.7 million within Goodwill and intangible
 assets, net, which reflects the elimination of historical intangibles of $44.3 million, and
 the preliminary estimate of the fair value of the acquired intangible assets of $881.0 million.
 This adjustment also eliminates $45.6 million representing the remaining balance as of June
 30, 2025 of capitalized costs that Redfin had previously recharacterized from intangible
 assets to other assets related to the Zillow partnership announced in February 2025. Refer
 to Note 4 above for additional information on the acquired intangible assets expected to
 be recognized. The pro forma impacts reflected in Depreciation and amortization as a result
 of the adjustment to intangible assets are shown in the table below:

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended<br> June 30, 2025** | **For the Year Ended<br> December 31, 2024** |
| Pro forma transaction accounting adjustments: |  |  |
| Removal of historical Redfin amortization of intangible assets and contract asset<sup>(1)</sup> | $(9630) | $(23741) |
| Amortization of intangible assets | 97250 | 194500 |
| Net pro forma transaction accounting adjustment to Depreciation and amortization | $87620 | $170759 |

---

<sup>1)</sup> In March 2025, Redfin had a recharacterization of intangibles assets on its consolidated balance sheet to contract asset as part of the Zillow partnership agreement entered into in February 2025.

A 10% change in the valuation of intangible assets would cause a corresponding increase or decrease in the amortization expense of approximately $9.7 million and $19.5 million for the six months ended June 30, 2025 and year ended December 31, 2024, respectively. Pro forma amortization is preliminary and based on the use of straight-line amortization. The amount of amortization following the Redfin Merger may differ significantly between periods based upon the final value assigned and amortization methodology used for each identifiable intangible asset.

**Rocket Companies, Inc.<br> Notes to the Unaudited Pro Forma Condensed Combined Financial Information<br> ($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

&nbsp;&nbsp;&nbsp;&nbsp;e) Reflects
 the preliminary purchase accounting adjustment to reduce the senior convertible notes by
 $46.3 million down to their fair values. The pro forma impact reflected in Interest and amortization
 expense on non-funding debt as a result of the adjustment to debt, and based on an 6.7% weighted
 average effective interest rate, is calculated in the table below:

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended<br> June 30, 2025** | **For the Year Ended <br> December 31, 2024** |
| Pro forma transaction accounting adjustments: |  |  |
| Removal of historical interest expense<sup>(1)</sup> | $(15516) | $(27707) |
| Pro forma interest expense | 15287 | 31182 |
| Net pro forma transaction accounting adjustment to Interest and amortization expense on non-funding debt | $(229) | $3475 |

---

<sup>1)</sup> Inclusive of the historical interest expense incurred in connection with the Redfin term loan that is assumed to be settled as a result of the change-in-control.

&nbsp;&nbsp;&nbsp;&nbsp;f) Reflects
 expected remaining non-recurring acquisition-related transaction costs of $8.6 million related
 to the Redfin Merger, primarily for professional services to consummate the Redfin Merger.
 These estimated and to be incurred acquisition-related transaction costs are not reflected
 on the historical consolidated balance sheet of Rocket as of June 30, 2025, but are reflected
 in the unaudited pro forma condensed combined balance sheet as of June 30, 2025 as an increase
 to Accounts payable and a decrease to Retained earnings, with a corresponding increase to
 General and administrative expenses in the unaudited pro forma condensed combined statement
 of income (loss) for the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;g) Reflects
 an increase in Rocket's TRA liability of $1.3 million and an increase in its deferred
 tax liability of $1.1 million indirectly resulting from the Redfin Merger. The corresponding
 offsetting adjustment is recorded through Retained earnings. The increases in the TRA liability
 and the deferred tax liability are reflected as increases to Other expenses and Provision
 for income taxes on the unaudited pro forma condensed combined statement of income (loss),
 respectively, for the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;h) Reflects
 the decrease to Rocket's deferred tax liabilities of $107.9 million recognized from
 the Redfin Merger. See Note 4.

&nbsp;&nbsp;&nbsp;&nbsp;i) Reflects
 the adjustment to Salaries, commissions and team member benefits with respect to net stock-based
 compensation expense for Rocket replacement equity awards and estimated one-time discretionary
 payments to be made to certain former Redfin employees. A corresponding adjustment reflects
 the accrual of $9.9 million to Other liabilities in the unaudited pro forma condensed combined
 balance sheet as of June 30, 2025. See Note 4 for further discussion around the fair value
 of the vested portion of awards allocated to the pre-combination period.

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended <br> June 30, 2025** | **For the Year Ended <br> December 31, 2024** |
| Pro forma transaction accounting adjustments: |  |  |
| Removal of historical Redfin stock-based compensation expense | $(29699) | $(71159) |
| Record stock-based compensation expense from replacement awards | 13192 | 56492 |
| Record estimated one-time discretionary payments to be made to certain former Redfin employees | - | 9946 |
| Net pro forma transaction accounting adjustment to Salaries, commissions, and team member benefits | $(16507) | $(4721) |

---

&nbsp;&nbsp;&nbsp;&nbsp;j) Reflects
 the adjustments to Equity:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Class A common<br> stock** | **Additional paid-in<br> capital** | **Retained earnings** | **Accumulated other<br> comprehensive loss** |
| **Pro forma transaction accounting adjustments:** |  |  |  |  |
| Elimination of Redfin's historical equity | $(130) | $(939401) | $1119018 | $204 |
| Rocket Class A common stock issued to Redfin stockholders - See Note 4 | 1 | 1466093 |  |  |
| Estimated fair value attributed to pre-combination vesting of equity awards - See Note 4 |  | 23898 |  |  |
| Estimated remaining acquisition-related transaction costs - See Note 5(f) |  |  | (8640) |  |
| Change in Rocket's TRA liability and deferred tax liability – See Note 5(g) |  |  | (2428) |  |
| Estimated one-time discretionary payments – See Note 5(i) | - | - | (9946) | - |
| **Net pro forma transaction accounting adjustments to Equity** | $(129) | $550590 | $1098004 | $204 |

---

&nbsp;&nbsp;&nbsp;&nbsp;k) The
 estimated income tax impact on Redfin's loss before income taxes, inclusive of the
 pro forma adjustments, utilizing an estimated blended statutory tax rate of approximately
 24% for the six months ended June 30, 2025 and year ended December 31, 2024, as a result
 of the release of certain valuation allowance amounts in the Redfin Merger. The tax rate
 of the combined company could be significantly different (either higher or lower) depending
 on post-merger activities, including cash needs, the geographical mix of income (loss) and
 changes in tax law. Because the tax rates used for the pro forma financial information are
 estimated, the blended tax rate will likely vary from the actual effective tax rate in periods
 subsequent to completion of the Redfin Merger. The determination of the income tax impact
 is preliminary and subject to change based upon the final determination of the fair value
 of the acquired assets and assumed liabilities.

**Rocket Companies, Inc. <br> Notes to the Unaudited Pro Forma Condensed Combined Financial Information <br> ($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)** 

**Note 6 – Mr. Cooper Reclassification Adjustments** 

During the preparation of the unaudited pro forma condensed combined financial information, Rocket's management performed a preliminary analysis of Mr. Cooper's financial information to identify differences in financial statement presentation as compared to the presentation of Rocket. Certain reclassification adjustments have been made to conform Mr. Cooper's historical financial statement presentation to Rocket's financial statement presentation. Following the Mr. Cooper Mergers, the combined company is in the process of finalizing its review of the reclassifications, which could be materially different from the amounts set forth in the unaudited pro forma condensed combined financial information presented herein.

In order to conform to the new presentation as of June 30, 2025, Rocket created two new financial statement line items on its balance sheet: (i) MSR and Advance facilities, net and (ii) MSR related liabilities – nonrecourse at fair value. These new line items are comprised solely of the respective historical balances from Mr. Cooper's consolidated balance sheet as of June 30, 2025 as Rocket did not have any existing balances to reclassify.

&nbsp;&nbsp;&nbsp;&nbsp;A. Refer
 to the table below for a summary of reclassification adjustments made to present Mr. Cooper's
 consolidated balance sheet as of June 30, 2025 to conform with that of Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Mr. Cooper Historical <br> Balance Sheet Line Items** | **Mr. Cooper<br> Historical<br> Balances<br> as of<br> June 30, 2025** | **Reclassification** | **Rocket Historical <br> Balance Sheet Line Items <sup>(1)</sup>** | **Reclassification** | **Mr. Cooper<br> Reclassified<br> as of<br> June 30, 2025** |
| Cash and cash equivalents | $782517 |  | Cash and cash equivalents |  | $782517 |
| Restricted cash | 167900 |  | Restricted cash |  | 167900 |
| Mortgage servicing rights at fair value | 11430753 |  | Mortgage loans held for sale, at fair value |  | 2474863 |
| Advances and other receivables, net of reserves | 1123878 | (1123878) | Derivative assets, at fair value |  | 249833 |
| Mortgage loans held for sale at fair value | 2474863 |  | &nbsp;&nbsp;Other assets | 249833 |  |
| Property and equipment, net of accumulated depreciation | 72042 |  | Mortgage servicing rights ("MSRs"), at fair value |  | 11430753 |
| Deferred tax assets, net | 149419 |  | Property and equipment, net |  | 72042 |
| Other assets | 2297459 | (2297459) | Deferred tax asset, net |  | 149419 |
| **Total assets** | 18498831 |  | Lease right of use assets |  | 36200 |
| Unsecured senior notes, net | 4901677 |  | &nbsp;&nbsp;Other assets | 36200 |  |
| Advance, warehouse and MSR facilities, net | 6161166 | (6161166) | Loans subject to repurchase right from Ginnie Mae (Asset) |  | 1109646 |
| Payables and other liabilities | 1955995 | (1955995) | &nbsp;&nbsp;Other assets | 1109646 |  |
| MSR related liabilities – nonrecourse at fair value | 380739 |  | Goodwill and intangible assets, net |  | 242448 |
| **Total liabilities** | $13399577 |  | &nbsp;&nbsp;Other assets | 242448 |  |
|  |  |  | Other assets |  | 1783210 |
|  |  |  | &nbsp;&nbsp;Advances and other receivables, net of reserves | 1123878 |  |
|  |  |  | &nbsp;&nbsp;Other assets | 659332 |  |
|  |  |  | &nbsp;&nbsp;**Total assets** |  | 18498831 |
|  |  |  | Funding facilities |  | 1777659 |
|  |  |  | &nbsp;&nbsp;Advance, warehouse and MSR facilities, net | 1777659 |  |
|  |  |  | Senior Notes, net |  | 4901677 |
|  |  |  | MSRs and Advance facilities, net |  | 3876117 |
|  |  |  | &nbsp;&nbsp;&nbsp;Advance, warehouse and MSR facilities, net | 3876117 |  |
|  |  |  | Early buy out facility |  | 507390 |
|  |  |  | &nbsp;&nbsp;&nbsp;Advance, warehouse and MSR facilities, net | 507390 |  |
|  |  |  | MSR related liabilities - nonrecourse at fair value |  | 380739 |
|  |  |  | Accounts payable |  | 113999 |
|  |  |  | Payables and other liabilities | 113999 |  |
|  |  |  | Lease liabilities |  | 47857 |
|  |  |  | &nbsp;&nbsp;Payables and other liabilities | 47857 |  |
|  |  |  | Derivative liabilities, at fair value |  | 34647 |
|  |  |  | &nbsp;&nbsp;Payables and other liabilities | 34647 |  |
|  |  |  | Investor reserves |  | 46881 |
|  |  |  | &nbsp;&nbsp;Payables and other liabilities | 46881 |  |
|  |  |  | Loans subject to repurchase right from Ginnie Mae (liabilities) |  | 1109646 |
|  |  |  | &nbsp;&nbsp;Payables and other liabilities | 1109646 |  |
|  |  |  | Other liabilities |  | 602965 |
|  |  |  | &nbsp;&nbsp;Payables and other liabilities | 602965 |  |
|  |  |  | **Total liabilities** |  | $13399577 |

---

**Rocket Companies, Inc. <br> Notes to the Unaudited Pro Forma Condensed Combined Financial Information<br> ($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

<sup>1)</sup> The indented Mr. Cooper line items listed beneath each Rocket historical balance sheet line represent balances reclassified from the respective Mr. Cooper balance sheet line items to the corresponding Rocket balance sheet line items.

&nbsp;&nbsp;&nbsp;&nbsp;B. Refer
 to the table below for a summary of adjustments made to present Mr. Cooper's consolidated
 statement of income (loss) for the six months ended June 30, 2025 to conform with that of
 Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Mr. Cooper Historical<br> Statement of Operations<br> Line Items** | **Mr. Cooper<br> Historical <br> for the Six<br> Months Ended<br> June 30, 2025** | **Reclassification** | **Rocket Historical<br> Statement of Income (Loss)**<br> **Line Items <sup>(1)</sup>**  | **Reclassification** | **Mr. Cooper<br> Reclassified<br> for the Six<br> Months Ended<br> June 30, 2025** |
| Service related, net | $912465 | (912465) | Gain on sale of loans excluding fair value of MSRs, net |  | $(52229) |
| Net gain on mortgage loans held for sale | 255587 | (255587) | &nbsp;&nbsp;Service related, net | 56833 |  |
| Salaries, wages and benefits | 383830 | (383830) | &nbsp;&nbsp;Net gain on mortgage loans held for sale | (109062) |  |
| General and administrative | 375986 | (375986) | Fair value of originated MSRs |  | 364649 |
| Interest income | 405685 | (405685) | &nbsp;&nbsp;Net gain on mortgage loans held for sale | 364649 |  |
| Interest expense | (430379) | 430379 | Servicing fee income |  | 1395455 |
| Other income (expense), net | (11789) | 11789 | &nbsp;&nbsp;Service related, net | 1395455 |  |
| Income tax expense | 85819 |  | Change in fair value of MSRs |  | (567905) |
| **Net income** | $285934 |  | &nbsp;&nbsp;Service related, net | (567905) |  |
|  |  |  | Interest income |  | 72608 |
|  |  |  | &nbsp;&nbsp;Interest income | 72608 |  |
|  |  |  | Interest expense on funding facilities |  | (54968) |
|  |  |  | &nbsp;&nbsp;Interest expense | (54968) |  |
|  |  |  | Other income |  | 375898 |
|  |  |  | &nbsp;&nbsp;Service related, net | 28082 |  |
|  |  |  | &nbsp;&nbsp;Interest income | 346917 |  |
|  |  |  | &nbsp;&nbsp;Other income (expense), net | 899 |  |
|  |  |  | Salaries, commissions and team member benefits |  | 445467 |
|  |  |  | &nbsp;&nbsp;&nbsp;Salaries, wages and benefits | 383830 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 61637 |  |
|  |  |  | General and administrative expenses |  | 261942 |
|  |  |  | &nbsp;&nbsp;General and administrative | 261942 |  |
|  |  |  | Marketing and advertising expenses |  | 23408 |
|  |  |  | &nbsp;&nbsp;General and administrative | 23408 |  |
|  |  |  | Depreciation and amortization |  | 28999 |
|  |  |  | &nbsp;&nbsp;General and administrative | 28999 |  |
|  |  |  | Interest and amortization expense on non-funding debt<sup>(2)</sup> |  | 352672 |
|  |  |  | &nbsp;&nbsp;Interest expense | 352672 |  |
|  |  |  | Other expenses |  | 49267 |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest income | 13840 |  |
|  |  |  | &nbsp;&nbsp;Interest expense | 22739 |  |
|  |  |  | &nbsp;&nbsp;Other income (expense), net | 12688 |  |
|  |  |  | (Provision for) benefit from income taxes |  | (85819) |
|  |  |  | **Net income** |  | $285934 |

---

<sup>1)</sup> The indented Mr. Cooper line items listed beneath each Rocket line item represent amounts reclassified from the respective Mr. Cooper statement of operations line items to the corresponding Rocket statement of income (loss) line items.

<sup>2)</sup> Mr. Cooper reclassified total amount presented in Interest and amortization expense on non-funding debt consists of interest expense from MSRs and other advance facilities, other interest expense from legacy senior notes, and excess spread financing.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

&nbsp;&nbsp;&nbsp;&nbsp;C. Refer to the table below for a summary
 of adjustments made to present Mr. Cooper's consolidated statement of income (loss)
 for the year ended December 31, 2024 to conform with that of Rocket's:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Mr. Cooper Historical <br> Statement of <br> Operations Line Items** | **Mr. Cooper Historical <br> for the Year Ended <br> December 31, 2024** | **Reclassification** | **Rocket Historical Statement <br> of Income (Loss)**<br> **Line Items <sup>(1)</sup>**  | **Reclassification** | **Mr. Cooper<br> Reclassified<br> for the Year Ended <br> December 31, 2024** |
| Service related, net | $1788183 | (1788183) | Gain on sale of loans excluding fair value of MSRs, net |  | $64585 |
| Net gain on mortgage loans held for sale | 437344 | (437344) | &nbsp;&nbsp;Service related, net | 86239 |  |
| Salaries, wages and benefits | 694722 | (694722) | &nbsp;&nbsp;Net gain on mortgage loans held for sale | (21654) |  |
| General and administrative | 624213 | (624213) | Fair value of originated MSRs |  | 458998 |
| Interest income | 789738 | (789738) | &nbsp;&nbsp;Net gain on mortgage loans held for sale | 458998 |  |
| Interest expense | (776478) | 776478 | Servicing fee income |  | 2475426 |
| Other income (expense), net | (18687) | 18687 | &nbsp;&nbsp;Service related, net | 2475426 |  |
| Income tax expense | 232065 |  | Change in fair value of MSRs |  | (842030) |
| **Net income** | $669100 |  | &nbsp;&nbsp;Service related, net | (842030) |  |
|  |  |  | Interest income |  | 102047 |
|  |  |  | &nbsp;&nbsp;Interest income | 102047 |  |
|  |  |  | Interest expense on funding facilities |  | (84475) |
|  |  |  | &nbsp;&nbsp;Interest expense | (84475) |  |
|  |  |  | Other income |  | 793189 |
|  |  |  | &nbsp;&nbsp;Service related, net | 68548 |  |
|  |  |  | &nbsp;&nbsp;Interest income | 722832 |  |
|  |  |  | &nbsp;&nbsp;Other income (expense), net | 1809 |  |
|  |  |  | Salaries, commissions, and team member benefits |  | 771164 |
|  |  |  | &nbsp;&nbsp;&nbsp;Salaries, wages and benefits | 694722 |  |
|  |  |  | &nbsp;&nbsp;&nbsp;General and administrative | 76442 |  |
|  |  |  | General and administrative expenses |  | 465219 |
|  |  |  | &nbsp;&nbsp;General and administrative | 465219 |  |
|  |  |  | Marketing and advertising expenses |  | 39002 |
|  |  |  | &nbsp;&nbsp;General and administrative | 39002 |  |
|  |  |  | Depreciation and amortization |  | 43550 |
|  |  |  | &nbsp;&nbsp;General and administrative | 43550 |  |
|  |  |  | Interest and amortization expense on non-funding debt<sup>(2)</sup> |  | 641934 |
|  |  |  | &nbsp;&nbsp;Interest expense | 641934 |  |
|  |  |  | Other expenses |  | 105706 |
|  |  |  | &nbsp;&nbsp;&nbsp;Interest income | 35141 |  |
|  |  |  | &nbsp;&nbsp;Interest expense | 50069 |  |
|  |  |  | &nbsp;&nbsp;Other income (expense), net | 20496 |  |
|  |  |  | (Provision for) benefit from income taxes |  | (232065) |
|  |  |  | **Net income** |  | $669100 |

---

<sup>1)</sup> The indented Mr. Cooper line items listed beneath each Rocket line item represent amounts reclassified from the respective Mr. Cooper statement of operations line items to the corresponding Rocket statement of income (loss) line items.

<sup>2)</sup> Mr. Cooper reclassified total amount presented in Interest expense and amortization for non-funding debt consists of interest expense from MSRs and other advance facilities, other interest expense from legacy senior notes, and excess spread financing.

**Note 7 – Preliminary Purchase Price Allocation for Mr. Cooper Mergers** 

*Estimated Mr. Cooper Mergers Consideration* 

The following table summarizes the preliminary estimated aggregate merger consideration for Mr. Cooper with reference to Rocket's closing share price of $19.38 on September 30, 2025.

---

| | |
|:---|:---|
|  | **Amount** |
| Estimated fair value of Rocket Class A common stock issued to Mr. Cooper stockholders <sup>(i)</sup> | $13666881 |
| Estimated fair value of converted Mr. Cooper equity awards attributable to pre-combination service <sup>(ii)</sup> | 193144 |
| Cash paid to pay off senior unsecured notes, accrued interest, and other fees <sup>(iii)</sup> | 3111935 |
| Estimated Mr. Cooper acquisition-related transaction costs paid by Rocket <sup>(iv)</sup> | 78442 |
| Preliminary estimated merger consideration | $17050402 |

---

&nbsp;&nbsp;&nbsp;&nbsp;i) Value of estimated shares of Rocket Class
 A common stock issued is based on 64,109,583 shares of outstanding common stock of Mr. Cooper
 as of September 30, 2025 each being exchanged for 11.00 shares of Rocket Class A common stock
 issued at $19.38, the closing share price on September 30, 2025.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

ii) Certain unvested equity awards of Mr. Cooper were replaced by Rocket's equity awards with similar terms at closing. The vested portion of those awards, as well as awards that fully vested prior to closing, are included as consideration applying the same exchange ratio and share price as (i) above.

iii) Cash paid to settle Mr. Cooper outstanding senior unsecured notes due 2026 through 2028 and the tendered portion of the outstanding senior unsecured notes due 2030 through 2031, accrued interest, and other fees, as a result of the Mr. Cooper Mergers.

iv) Reflects Mr. Cooper transaction costs that were paid in cash by Rocket as part of the Mr. Cooper Mergers.

*Preliminary Purchase Price Allocation*

The assumed accounting for the Mr. Cooper Mergers, including the preliminary merger consideration, is based on provisional amounts, and the associated purchase accounting is not final. The preliminary allocation of the purchase price to the acquired assets and assumed liabilities was based upon the preliminary estimate of fair values. For the preliminary estimate of fair values of assets acquired and liabilities assumed of Mr. Cooper, Rocket used benchmarking information from public precedent transactions as well as a variety of other sources, including market participant assumptions. Rocket is expected to use widely accepted income-based, market-based, and cost-based valuation approaches upon finalization of purchase accounting for the Mr. Cooper Mergers. Actual results may differ materially from the assumptions within the accompanying unaudited pro forma condensed combined financial information. The unaudited pro forma adjustments are based upon available information and certain assumptions that Rocket believes are reasonable under the circumstances. The purchase price adjustments relating to Mr. Cooper's and Rocket's combined financial information are preliminary and are subject to change, as additional information becomes available and as additional analyses are performed.

The following table summarizes the preliminary purchase price allocation, as if the Mr. Cooper Mergers had been completed on June 30, 2025:

---

| | |
|:---|:---|
|  | **Amount** |
| Estimated Merger Consideration | $**17050402** |
| Cash and cash equivalents <sup>(i)</sup> | 604802 |
| Restricted cash | 167900 |
| Mortgage loans held for sale, at fair value | 2474863 |
| Derivative assets, at fair value | 249833 |
| MSRs, at fair value | 11430753 |
| Property and equipment, net | 72042 |
| Lease right of use assets | 36200 |
| Loans subject to repurchase right from Ginnie Mae (asset) | 1109646 |
| Intangible assets, net <sup>(ii)</sup> | 1860000 |
| Other assets | 1783210 |
| Funding facilities | 1777659 |
| Senior Notes, net | 1955767 |
| MSR and Advance facilities, net | 3888404 |
| Early buy out facility | 507390 |
| MSR related liabilities - nonrecourse at fair value | 380739 |
| Accounts payable | 113999 |
| Lease liabilities | 47857 |
| Derivative liabilities, at fair value | 34647 |
| Investor reserves | 46881 |
| Loans subject to repurchase right from Ginnie Mae (liabilities) | 1109646 |
| Deferred tax liability, net <sup>(iii)</sup> | 179486 |
| Other liabilities | 564920 |
| Net tangible assets acquired (excluding goodwill) | 9181854 |
| Goodwill | 7868548 |
| **Total net assets acquired** | $17050402 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Cash and cash equivalents is presented net of the $128.2 million funded
 prior to closing, representing the dividend of $2.00 per share, dividend equivalents of $3.5
 million payable to Mr. Cooper's stockholders on October 7, 2025 as previously declared
 on September 26, 2025, and acquisition-related transaction costs of $46.0 million that were
 paid in cash by Mr. Cooper prior to closing.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

ii) Preliminary identifiable intangible assets in the unaudited pro forma condensed combined financial information consists of the following:

---

| | | |
|:---|:---|:---|
|  | **Preliminary Fair<br> Value** | **Estimated Useful<br> Life (years)** |
| Preliminary fair value of intangible assets acquired: |  |  |
| Relationships | $1500000 | 10 |
| Trade name | 200000 | 3 |
| Internally developed technology | 150000 | 3 |
| Other | 10000 | 2 |
| **Intangible assets acquired** | $1860000 |  |

---

iii) As a result of the Mr. Cooper Mergers, Rocket will recognize additional deferred tax liabilities of $328.9 million from book-tax basis differences arising from the preliminary purchase price allocation. Mr. Cooper's historical net deferred tax asset of $149.4 million is netted against the deferred tax liability, resulting in Rocket's net increase to deferred tax liability of $179.5 million related to the Mr. Cooper Mergers. There are a number of factors that will ultimately impact the final deferred tax position recorded by the consolidated group including operations before closing, potential changes in tax laws, and the mix of earnings. This determination is preliminary and subject to change.

**Note 8 – Mr. Cooper Mergers Adjustments**

The following pro forma adjustments have been reflected in the Mr. Cooper Transaction Accounting Adjustments column in the accompanying unaudited pro forma condensed combined balance sheet and statement of income (loss). All adjustments are based on preliminary assumptions and valuations, which are subject to change.

&nbsp;&nbsp;&nbsp;&nbsp;a) Reflects the accelerated payoff of the
 Mr. Cooper Notes, accrued interest, and other fees, which is included as part of the consideration
 transferred. See Note 7.

The adjustment to cash and cash equivalents includes $3,060.1 million to settle Mr. Cooper senior unsecured notes due 2026 through 2028 and the tendered portion of the senior unsecured notes due 2030 and 2031, and related other fees of $13.8 million. Additionally, the adjustment reflects the elimination of accrued interest as of June 30, 2025 through the removal of both accrued interest on Mr. Cooper senior notes paid prior to close of $13.0 million and accrued interest on Mr. Cooper senior notes paid at close of $38.0 million, with a corresponding adjustment to Other liabilities.

The adjustment to Senior Notes, net reflects the extinguishment of $3,060.1 million aggregate principal amount of Mr. Cooper Notes, a fair value adjustment of $65.9 million on the exchanged Mr. Cooper senior notes due 2029 and 2032 and the assumed portion of the Mr. Cooper senior notes due 2030 and 2031, and the write-off of unamortized deferred issuance costs of $48.3 million.

A corresponding adjustment to Interest and amortization expense on non-funding debt reflects the elimination of the historical interest expense attributed to the Mr. Cooper Notes of $158.8 million and $281.8 million and amortization of the fair value adjustment of the assumed and exchanged Mr. Cooper Notes of $4.4 million and $8.2 million in the unaudited pro forma condensed combined statement of income (loss) for the six months ended June 30, 2025 and year ended December 31, 2024, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;b) Reflects Mr. Cooper's expected
 acquisition-related transaction costs of $78.5 million that were paid in cash by Rocket as
 part of consideration transferred, Mr. Cooper's expected acquisition-related transaction
 costs of $46.0 million that were paid in cash by Mr. Cooper prior to closing, and the dividend
 payment of $128.2 million, which was assumed to be paid out as of the closing balance sheet
 date.

Additionally, reflects the incremental adjustment of $3.5 million for the cash payment related to dividend equivalents payable to holders of Mr. Cooper unvested service-based restricted stock units and performance-based restricted stock units. Under the terms of the applicable award agreements, holders of these unvested awards are contractually entitled to receive dividend equivalent payments upon vesting with respect to any dividends declared during the vesting period.

&nbsp;&nbsp;&nbsp;&nbsp;c) Reflects the increase to Rocket's
 deferred tax liability of $179.5 million, consisting of net deferred tax liabilities of $328.9
 million recognized from the Mr. Cooper Mergers, which is offset by Mr. Cooper's historical
 deferred tax assets of $149.4 million. See Note 7.

&nbsp;&nbsp;&nbsp;&nbsp;d) Represents the preliminary adjustment
 to goodwill of $7,727.2 million within Goodwill and intangible assets, net, which reflects
 the elimination of the historical goodwill of $141.3 million and the recognition of the preliminary
 estimate of goodwill in connection with the Mr. Cooper Mergers of $7,868.5 million.

&nbsp;&nbsp;&nbsp;&nbsp;e) Represents the preliminary adjustment
 to intangible assets of $1,758.9 million within Goodwill and intangible assets, net, which
 reflects the elimination of historical intangibles of $101.1 million and the preliminary
 estimate of the fair value of the acquired intangible assets of $1,860.0 million.

The pro forma impacts reflected in Depreciation and amortization as a result of the adjustment to intangible assets are shown in the table below:

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended <br> June 30, 2025** | **For the Year Ended** <br> **December 31, 2024** |
| Pro forma transaction accounting adjustments: |  |  |
| Removal of historical Mr. Cooper amortization of intangible assets | $(17181) | $(13874) |
| Amortization of intangible assets | 135833 | 271667 |
| Net pro forma transaction accounting adjustment to Depreciation and amortization | $118652 | $257793 |

---

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

A 10% change in the valuation of intangible assets would cause a corresponding increase or decrease in the amortization expense of approximately $13.6 million and $27.2 million for the six months ended June 30, 2025, and year ended December 31, 2024, respectively. Pro forma amortization is preliminary and based on the use of straight-line amortization. The amount of amortization following the Mr. Cooper Mergers may differ significantly between periods based upon the final value assigned and amortization methodology used for each identifiable intangible asset.

&nbsp;&nbsp;&nbsp;&nbsp;f) Reflects the write-off of unamortized
 deferred issuance costs of $12.3 million on MSR facilities.

&nbsp;&nbsp;&nbsp;&nbsp;g) Reflects expected remaining non-recurring
 acquisition-related transaction costs of $29.5 million related to the Mr. Cooper Mergers,
 primarily for professional services to consummate the Mr. Cooper Mergers. These estimated
 and to be incurred acquisition-related transaction costs are not reflected on the historical
 consolidated balance sheet of Rocket as of June 30, 2025, but are reflected in the unaudited
 pro forma condensed combined balance sheet as of June 30, 2025 as an increase to Accounts
 payable and a decrease to Retained earnings, with a corresponding adjustment to General and
 administrative expenses in the unaudited pro forma condensed combined statement of income
 (loss) for the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;h) Reflects a decrease in Rocket's
 TRA liability of $1.7 million and a decrease in its deferred tax liability of $1.5 million
 indirectly resulting from the Mr. Cooper Mergers. The corresponding offsetting adjustment
 is recorded through Retained earnings. The decrease in the TRA liability and the net deferred
 tax liability are reflected as a reduction to Other expenses and Provision for income taxes
 on the unaudited pro forma condensed combined statement of income (loss), respectively, for
 the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;i) Reflects the adjustments to Equity:

---

| | | | |
|:---|:---|:---|:---|
|  | **Class A common stock** | **Additional paid-in capital** | **Retained earnings** |
| **Pro forma transaction accounting adjustments:** |  |  |  |
| Elimination of Mr. Cooper's historical equity | $(1058) | $(1063121) | $(3903402) |
| Rocket Class A common stock issued to Mr. Cooper stockholders - See Note 7 | 7 | 13666874 |  |
| Estimated fair value attributed to pre-combination vesting of equity awards - See Note 7 |  | 193144 |  |
| Pre-closing Mr. Cooper dividend and dividend equivalents – See Note 8(b) |  |  | (131673) |
| Estimated remaining acquisition-related transaction costs - See Note 8(g) |  |  | (29450) |
| Change in Rocket's TRA liability and deferred tax liability – See Note 8(h) | - | - | 3254 |
| **Net pro forma transaction accounting adjustments to Equity** | $(1051) | $12796897 | $(4061271) |

---

&nbsp;&nbsp;&nbsp;&nbsp;j) Reflects the adjustment to Salaries,
 commissions and team member benefits with respect to the net stock-based compensation expense
 for Rocket replacement equity awards. See Note 7 for further discussion around the fair value
 of the vested portion of awards allocated to the pre-combination period.

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended <br> June 30, 2025** | **For the Year Ended<br> December 31, 2024** |
| Pro forma transaction accounting adjustments: |  |  |
| Removal of historical Mr. Cooper stock-based compensation expense | $(25992) | $(37000) |
| Record stock-based compensation expense from replacement awards | 19810 | 136144 |
| Net pro forma transaction accounting adjustment to Salaries, commissions, and team member benefits | $(6182) | $99144 |

---

The new annualized stock-based compensation expense from replacement equity awards includes the exchange of unvested service-based restricted stock units ("RSUs") measured at fair value as of the acquisition date, as well as exchanged unvested performance-based restricted stock units ("PSUs") based on an assumed maximum performance (200% attainment of the underlying performance criteria). The actual number of Mr. Cooper PSUs exchanged for Rocket time-based RSUs was determined prior to the acquisition date, generally based on actual performance.

&nbsp;&nbsp;&nbsp;&nbsp;k) The estimated income tax impact on Mr.
 Cooper's income before income taxes, inclusive of the pro forma adjustments, utilizing
 an estimated blended statutory tax rate of approximately 24% for the six months ended June
 30, 2025 and year ended December 31, 2024. The tax rate of the combined company could be
 significantly different (either higher or lower) depending on post-merger activities, including
 cash needs, the geographical mix of income (loss) and changes in tax law. Because the tax
 rates used for the pro forma financial information are estimated, the blended tax rate will
 likely vary from the actual effective tax rate in periods subsequent to completion of the
 Mr. Cooper Mergers. The determination of the income tax impact is preliminary and subject
 to change based upon the final determination of the fair value of the acquired assets and
 assumed liabilities.

**Note 9 – Financing Adjustments**

&nbsp;&nbsp;&nbsp;&nbsp;a) Reflects the paydown of outstanding MSR facilities in the amount
 of $836.4 million and the elimination of accrued interest of $2.4 million on MSR facilities
 assumed to be repaid subsequent to closing.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

A corresponding adjustment to Interest and amortization expense on non-funding debt reflects the elimination of the historical interest expense attributed to MSR facilities of $29.4 million and $48.3 million for the six months ended June 30, 2025, and year ended December 31, 2024, respectively.

The assumptions and expectations regarding the aggregate principal amount of MSR facilities to be repaid at or shortly after closing are subject to change and resulting interest expense based on the final permanent financing could vary significantly from what is assumed in the unaudited pro forma condensed combined financial information.

&nbsp;&nbsp;&nbsp;&nbsp;b) Reflects the estimated deferred financing costs of $18.7 million
 related to the exchanged portion of the Mr. Cooper senior notes due 2029 and 2032 at transaction
 close. See Note 8(a).

&nbsp;&nbsp;&nbsp;&nbsp;c) Reflects the payoff of third-party fees related to the assumed and
 exchanged Mr. Cooper Notes. The adjustment reflects an elimination of these fees in Cash
 and cash equivalents and a decrease to Retained earnings of $1.9 million in the unaudited
 pro forma condensed combined balance sheet as of June 30, 2025. Additionally, a corresponding
 adjustment reflects the pro forma impact of the third-party fees in General and administrative
 expense for the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;d) The non-recurring Bridge Facility fees
 of $25.9 million were reflected on the consolidated balance sheet of the Company as of June
 30, 2025, recorded in Other assets. The adjustment reflects an elimination of these fees
 in Other assets and a decrease to Retained earnings in the unaudited pro forma condensed
 combined balance sheet as of June 30, 2025. Additionally, a corresponding adjustment reflects
 the pro forma impact of the non-recurring Bridge Facility fees in Interest and amortization
 expense on non-funding debt for the year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;e) Reflects the pro forma impact for interest
 expense and amortization of deferred financing costs of the senior notes issued by Rocket
 and the assumed and exchanged Mr. Cooper Notes in Interest and amortization expense on non-funding
 debt of $186.0 million for the six months ended June 30, 2025 and $386.8 million for the
 year ended December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;f) The estimated income tax impact on the financing pro forma adjustments,
 utilizing an estimated blended statutory tax rate of approximately 24% for the six months
 ended June 30, 2025, and year ended December 31, 2024. The tax rate of the combined company
 could be significantly different (either higher or lower) depending on post-merger activities,
 including cash needs, the geographical mix of income (loss) and changes in tax law.

**Rocket Companies, Inc.**

**Notes to the Unaudited Pro Forma Condensed Combined Financial Information**

**($ In Thousands, Except Per Share Amounts or Unless Otherwise Noted)**

**Note 10 – Earnings Per Share**

The pro forma basic and diluted weighted average shares outstanding are as follows:

---

| | | |
|:---|:---|:---|
|  | **For the Six Months Ended <br> June 30, 2025** | **For the Year Ended<br> December 31, 2024** |
| Numerator |  |  |
| Pro forma net income (loss) | $(100859) | $581525 |
| Special Dividend on common stock | (120120) |  |
| Dividend equivalents on unvested Rocket share-based awards | (26574) | - |
| Pro forma net income (loss) attributable to common shareholders | $(247553) | $581525 |
| *Denominator<sup>(1)</sup>:* |  |  |
| Historical Rocket weighted average shares outstanding – basic | 159643228 | 141037083 |
| Shares of Class L common stock from Up-C Collapse | 1848879455 | 1848879455 |
| Shares of Class A common stock issued to Redfin stockholders | 103391679 | 103391679 |
| Shares of Class A common stock issued to Mr. Cooper stockholders | 705205413 | 705205413 |
| **Weighted average shares of common stock outstanding – basic** | 2817119775 | 2798513630 |
| Historical Rocket weighted average shares outstanding – diluted | 159643228 | 141037083 |
| Shares of Class L common stock from Up-C Collapse | 1848879455 | 1848879455 |
| Rocket dilutive share-based awards <sup>(2)</sup> | 5339600 | 8412274 |
| Shares of Class A common stock issued to Redfin stockholders | 103391679 | 103391679 |
| Rocket share-based awards issued in exchange for Redfin share-based awards<sup>(3)</sup> | 7251385 | 5846430 |
| Shares of Class A common stock to Mr. Cooper stockholders | 705205413 | 705205413 |
| Rocket share-based awards issued in exchange for Mr. Cooper stock-based awards<sup>(4)</sup> | 17502256 | 13478666 |
| **Weighted average shares of common stock outstanding - diluted** | 2847213016 | 2826251000 |
| Pro forma net income (loss) per share of common stock outstanding - basic | $(0.09) | $0.21 |
| Pro forma net income (loss) per share of common stock outstanding - diluted | $(0.09) | $0.21 |

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<sup>(1)</sup> Class A common stock and Class L common stock are presented as a single class of common stock for calculating pro forma EPS as both the Class A common stock and Class L common stock share equally in dividends and residual net assets on a per share basis.

<sup>(2)</sup> As a result of the related pro forma effects for the year ended December 31, 2024 from the Up-C Collapse, a portion of Rocket RSUs, PSUs, and stock options became dilutive.

<sup>(3)</sup> Includes the exchange of Redfin RSUs, PSUs and stock options into Rocket share-based awards based on Redfin's capitalization as of June 30, 2025.

<sup>(4)</sup> Includes the exchange of Mr. Cooper RSUs and PSUs into Rocket share-based awards based on Mr. Cooper's capitalization as of June 30, 2025.