Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Caution evidenceCoverage 1/5 core metricsLatest reported free cash flow was -$4.0B.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$4.0B.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- No current rule-based risk flags
1 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Subscription Revenue$351M37.3%+31.5% yoy
- Real Estate Brokerage$341M36.3%no prior
- Closing Fees$139M14.8%+31.1% yoy
- Real Estate Network Referral$56M6.0%+3.7% yoy
- Appraisal Revenue$41M4.4%+13.9% yoy
- Real Estate Exchange Revenue$12M1.3%no prior
No consolidated figure stored for this period; shares are of the filed sum.
- Real Estate Brokerage$138M42.5%no prior
- Subscription Revenue$103M31.7%+21.2% yoy
- Closing Fees$49M15.1%+104.2% yoy
- Real Estate Exchange Revenue$15M4.6%no prior
- Appraisal Revenue$11M3.4%+22.2% yoy
- Real Estate Partner Revenue$9M2.8%-10.0% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,096 US-listed filers · 895 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Return on equity net income ÷ stockholders' equity (positive equity only) | -0.3% | 42ndof 3,577 middle third | 21stof 774 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 9.1% | 4thof 3,193 bottom third | 3rdof 751 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 88.9% | 10thof 2,719 bottom third | 11thof 686 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 17 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2020-06-30 | $3.46B 10-Q 2020-09-02 | $0 10-Q 2021-08-13 | -100.0% | first · latest · 3 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2020-12-31 | $2.02B 10-K 2021-03-24 | $0 10-K 2023-03-01 | -100.0% | first · latest · 3 filings carry it |
| Equity issued ProceedsFromIssuanceOfCommonStock | fiscal year 2020-12-31 | $6.71M 10-K 2021-03-24 | $0 10-K 2023-03-01 | -100.0% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2023-03-31 | $23.8M 10-Q 2023-05-10 | $18.2M 10-Q 2024-05-07 | -23.6% | first · latest |
| Net income NetIncomeLoss | quarter 2025-06-30 | -$1.78M 10-Q 2025-08-08 | -$2M 10-Q 2026-08-07 | -12.0% | first · latest |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$10.4M 10-Q 2025-05-09 | -$10M 10-Q 2026-05-12 | +3.7% | first · latest |
| Goodwill Goodwill | balance at 2024-12-31 | $1.1B 10-K 2025-03-03 | $1.14B 10-K 2026-03-02 | +3.3% | first · latest |
| Goodwill Goodwill | balance at 2022-12-31 | $1.14B 10-K 2023-03-01 | $1.1B 10-K 2024-02-27 | -3.2% | first · latest |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | -$15.5M 10-K 2024-02-27 | -$16M 10-K 2026-03-02 | -3.1% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-06-30 | $1.72B 10-Q 2020-09-02 | $1.77B 10-Q 2021-08-13 | +2.9% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-06-30 | $27.5M 10-Q 2025-08-08 | $27M 10-Q 2026-08-07 | -1.9% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | $29.4M 10-K 2025-03-03 | $29M 10-K 2026-03-02 | -1.3% | first · latest |
| Equity issued ProceedsFromIssuanceOfCommonStock | quarter 2025-03-31 | $8.09M 10-Q 2025-05-09 | $8M 10-Q 2026-05-12 | -1.1% | first · latest |
| Equity issued ProceedsFromIssuanceOfCommonStock | fiscal year 2024-12-31 | $40.6M 10-K 2025-03-03 | $41M 10-K 2026-03-02 | +1.0% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2024-12-31 | $67.5M 10-K 2025-03-03 | $68M 10-K 2026-03-02 | +0.7% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | $110M 10-K 2024-02-27 | $111M 10-K 2026-03-02 | +0.6% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2023-12-31 | $60.3M 10-K 2024-02-27 | $60M 10-K 2026-03-02 | -0.6% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for RKT yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.