Revenue segments as reported by the company.

Gain on sale of loans

Servicing fee income

Change in fair value of MSRs

Interest income, net

Other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Salaries, commissions and team member benefits

General and administrative expenses

Marketing and advertising expenses

Depreciation and amortization

Interest and amortization expense on non-funding debt

Other expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Rocket Companies, Inc.

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

Earnings data Q1 2021

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Earnings data Q1 2023

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Rocket Companies reports solid Q4 performance amidst market challenges

Rocket Companies navigated challenges in 2022 with resilience, focusing on client engagement and strategic investments to drive growth and enhance market position.
Despite margin impacts in Q4, the company remains optimistic about the mortgage industry outlook, leveraging opportunities in the purchase market and consumer engagement for future success.
With a strong emphasis on client experience and retention, Rocket Companies aims to capitalize on market shifts and strategic initiatives to drive revenue growth and market share expansion.

Rocket Companies reports strong Q1 results and eyes mortgage market

Rocket Companies delivered strong Q1 results and is focused on enhancing the home buying experience through innovative initiatives and client engagement.
Despite challenges in home inventory levels and industry capacity, Rocket's financial strength and unique client approach position them well for growth.
The company's strategic outlook for Q2 revenue, emphasis on client relationships, and opportunities in the mortgage space highlight its resilience and growth potential.

Rocket Companies reports robust Q2 earnings amidst market challenges

Rocket Companies delivered strong financial performance in Q2, focusing on growth, cost-saving measures, and client satisfaction. Despite market challenges, they are optimistic about opportunities in the purchase-driven origination market and potential benefits from new regulations.

Rocket Companies, Inc. reports robust Q3 earnings amidst Q4 challenges

Rocket Companies, Inc. demonstrated strong financial performance in Q3 but anticipates challenges in Q4. Despite margin pressures and industry conditions, Rocket's strategic focus on growth, efficiency, and market positioning bode well for future opportunities and resilience in the market.

Rocket Companies posts strong Q4 results, eyes AI growth opportunities

Rocket Companies delivered robust financial performance in Q4 2023, showcasing revenue growth, expense management, and a focus on core business and home ownership.
The company's strengths lie in its strong balance sheet, innovative products, and strategic positioning in servicing and customer acquisition.
Challenges include industry dynamics, regulatory pressures, and the need for sustained growth amidst market uncertainties.
Opportunities for Rocket include AI-driven enhancements, margin improvements, and strategic investments in marketing and customer retention.

Rocket Companies reports robust Q1 results and AI-driven growth

Rocket Companies, Inc. delivered strong Q1 financial performance with a focus on market share growth, operational efficiencies, and AI-driven innovations.
Challenges include maintaining margins amid rising rates and competition in the servicing asset market, but opportunities lie in volume growth and AI differentiation.
Overall, Rocket's strategic initiatives position it well for continued growth and market share expansion in the mortgage industry.

Rocket Companies exceeds Q2 revenue targets, focuses on AI growth

Rocket Companies delivered strong financial results, exceeding revenue guidance and showcasing growth in market share and efficiency.
Their strategic focus on AI investments and operational efficiency bodes well for future profitability and market expansion.
While facing industry challenges, Rocket Companies remains optimistic and committed to driving growth through innovation and strategic initiatives.

Rocket Companies exceeds Q3 revenue, eyes growth amid market challenges

Rocket Companies delivered strong financial results in Q3 2024, exceeding revenue guidance and showcasing growth in market share. The company's focus on efficiency through AI-driven technology and strategic partnerships enhances its competitive position. Despite market challenges, Rocket remains optimistic about future growth and market opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

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Operating income

EBITDA

Net income

Earnings per share

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Current assets

Cash & equivalents

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Net PPE

Intangibles

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Stockholders equity

Minority interest

Total liabilities & equity

Total debt

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Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

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Net change in cash

Free cash flow

Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years after the Federal Reserve began jacking up interest rates.

Homeowners scrambling for cash breathe new life into second-lien mortgage market

DXC Technology

Lucid Group

When it comes to figuring out what are the stocks to sell now, bearish analyst ratings are an important factor to consider. The sell-side typically doesn't issue many “sell” ratings.

Sell Alert: Analysts Say Ditch These 3 Stocks Right Now

Blend Labs

Rocket Companies and Blend Labs have the potential to disrupt a market that has long been in need of disruption - mortgage lending. Their unique offerings are gaining traction, as evidenced by their strong fundamentals and EPS surprise history.

2 Mortgage Lending Disruptors

Rocket Companies, Inc. (RKT) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Rocket Companies (RKT) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Rocket Companies (RKT) Q4 Earnings

Generated Q4'23 net revenue of $694 million and adjusted revenue of $885 million. Adjusted revenue exceeded the high end of guidance range, and year-over-year growth accelerated for a second quarter in a row Reported full year 2023 net revenue and adjusted revenue of $3.8 billion Reduced cost structure by nearly 20% in 2023, following a nearly 25% cost reduction in 2022 Reported Q4'23 GAAP net loss of $233 million, or $(0.09) per GAAP diluted loss per share and adjusted net loss of $6 million or $0.00 per adjusted diluted loss per share Delivered adjusted EBITDA profitability for the full year and in Q4'23, for the third quarter in a row DETROIT , Feb. 22, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and personal finance businesses,  today announced results for the fourth quarter and full year ended December 31, 2023.

Rocket Companies Announces Fourth Quarter and Full Year 2023 Results

Evaluate the expected performance of Rocket Companies (RKT) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Rocket Companies (RKT) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

DETROIT , Feb. 8, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its fourth quarter and full year 2023 earnings on February 22, 2024. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies to Announce Fourth Quarter and Full Year 2023 Results on February 22

360 Finance Inc - ADR

Investors interested in stocks from the Technology Services sector have probably already heard of Qifu Technology, Inc. (QFIN) and Rocket Companies (RKT). But which of these two stocks offers value investors a better bang for their buck right now?

QFIN vs. RKT: Which Stock Is the Better Value Option?

Homebuyers can virtually explore listings and tour properties through the Rocket Homes app on Apple Vision Pro DETROIT , Feb. 5, 2024 /PRNewswire/ -- Rocket Homes Real Estate LLC , a tech-based real estate service provider and part of Rocket Companies (NYSE: RKT), today announced its app is now available on Apple Vision Pro, the innovative new spatial computer. With the Rocket Homes app on Apple Vision Pro, users can blend their physical and virtual worlds to view and tour properties to find the home that is right for them and their family.

Rocket Homes Real Estate Search App Now Available on Apple Vision Pro

This appointment of Rampell, along with the recent addition of CEO Varun Krishna to the Board, furthers the Company's fintech and AI-driven vision. DETROIT , Feb. 1, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that Alex Rampell has been appointed as an independent director to the Company's Board of Directors.

Rocket Companies Appoints AI and Fintech Expert Alex Rampell to Board of Directors

Hovnanian Enterprises

Opendoor

Real estate is in a complicated position right now. On the one hand, it appears that interest rates have already peaked for this cycle and are set to start declining in the coming months.

The Housing Hiccup: 3 Stocks to Sell as the Real Estate Market Cools

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Rocket Companies (RKT). But which of these two companies is the best option for those looking for undervalued stocks?

QFIN or RKT: Which Is the Better Value Stock Right Now?

Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb. DETROIT , Jan. 4, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that it has named Jonathan Mildenhall as its first ever group Chief Marketing Officer (CMO), effective January 8, 2024.

Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer

Shares of Rocket Cos. tumbled Wednesday toward their worst day in 14 months after Keefe, Bruyette & Woods analyst Bose George turned bearish, citing valuation and the company's weakness in the home-purchase market.

Rocket Mortgage parent's stock rocked by analyst's sell call

Most Wall Streeters can tell you that the time to step away from the desk and 'live a little' is when the VIX is low, and stocks aren't set to move as quickly. However, the veterans will correct that lesson and tell you that quiet VIX times are when you need to hone into an excellent strategy to make money once volatility pops.

Rocket Companies: A stock that traders are rushing to buy

Rocket Homes now shows nearby homes for sale on the car screen through Apple CarPlay. DETROIT , Dec. 12, 2023 /PRNewswire/ -- Rocket Homes, a tech-based real estate service provider and part of Rocket Companies (NYSE: RKT), today announced its iOS app is now available on car, truck and SUV infotainment screens through Apple CarPlay – turning the everyday commute into an exciting and natural part of the homebuying journey.

Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership

Agree Realty

ROYAL OAK, Mich. , Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effective January 1, 2024.

Agree Realty Announces Appointment of Linglong He to Board of Directors

eXp World Holdings Inc

Zillow

The good times in residential real estate commissions are about to end. Consequently, investors should consider investing in those stocks benefiting from real estate commission changes.

3 Stock Winners From the Crackdown on Outrageous Real Estate Commissions

Lennar

Redfin

RE/MAX Hld

SoFi Technologies

Toll Brothers

Addressing the much discussed but controversial topic of housing stocks to sell, it's important to stick with the facts. While promoting a doom-and-gloom narrative for its own sake doesn't offer much help, it's also unproductive to disseminate toxic positivity.

7 Housing Stocks to Sell as Interest Rates Go Out of Control

Realty Income Corp

Mortgage interest rates are elevated and mortgage application volume is down. Some sellers have lowered the list prices on their homes.

Legendary Investor Meredith Whitney Just Issued a Big Housing Market Warning

While the top- and bottom-line numbers for Rocket Companies (RKT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Rocket Companies (RKT) Q3 Earnings: A Look at Key Metrics

Rocket Companies, Inc. (NYSE:RKT ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Sharon Ng - VP, IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants Kevin Barker - Piper Sandler Ryan Nash - Goldman Sachs Derek Sommers - Jefferies Jeff Adelson - Morgan Stanley Arren Cyganovich - Citi Don Fandetti - Wells Fargo Operator Thank you for standing by. My name is Greg, and I will be your conference operator today.

Rocket Companies, Inc. (RKT) Q3 2023 Earnings Call Transcript

Generated Q3'23 net revenue of $1.203 billion and adjusted revenue of $1.002 billion. Adjusted revenue exceeded the high end of guidance range Reported GAAP net income of $115 million, or $0.04 per GAAP diluted earnings per share Delivered profitability across GAAP net income, adjusted net income and adjusted EBITDA metrics DETROIT , Nov. 2, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced results for the quarter ended September 30, 2023.

Rocket Companies Announces Third Quarter 2023 Results

Sterling Bancorp

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bank and Trust, F.S.B., the wholly owned subsidiary of Sterling Bancorp, Inc. (NASDAQ: SBT) today announced a partnership with Rocket Mortgage, America's largest retail mortgage lender and a part of Rocket Companies (NYSE: RKT). The partnership will offer Sterling customers a fully digital home loan experience, providing homebuyers with a convenient and easy way to purchase or refinance a home. Christine Meredith, Senior Executive Vice President and.

News for Rocket Companies, Inc. Stock (RKT)